What is Advance Auto Parts's net debt?

Advance Auto Parts (AAP) reported net debt of $2.27B in Q1 2026.

How has Advance Auto Parts's net debt changed year-over-year?

Advance Auto Parts's net debt increased by 13.6% year-over-year, from $2B to $2.27B.

What is the long-term trend for Advance Auto Parts's net debt?

Over 5 years (2020 to 2025), Advance Auto Parts's net debt has grown at a -1.1% compound annual growth rate (CAGR), from $2.68B to $2.54B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Advance Auto Parts AAP Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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0.4×+0.3×

SPS CommerceSPSC

-1.1×+1.2×

MattelMAT

2.8×+1.1×

Dorman ProductsDORM

1.5×+0.1×

International Seaways, Inc.INSW

0.6×-0.3×

Andersons Inc.ANDE

4×+2.1×

Other financials

Income statement

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Revenue$2.6B+1.2%

Gross profit$1.2B+6.4%

Operating income$69.0M+153%

Net income$24.0M0.0%

EPS (diluted)$0.39-2.5%

Balance sheet

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Cash & equivalents$3.0B+76.8%

Total debt$5.2B+42.4%

Total equity$2.2B+0.7%

Total assets$11.8B+11.1%

Cash flow

See full

Operating cash flow-$19.0M+87.8%

CapEx$56.0M+33.3%

Free cash flow-$75.0M+62.1%

Valuation

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Market cap$3.31B+82.2%

Profitability

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Gross margin44.1%+6.8pp

Operating margin-10.5%—

Net margin0.5%+0.3pp

FCF margin-5.2%-13.9pp

Returns & leverage

See full

Return on equity2%+1.1pp

Debt / equity2.4×+0.7×

Current ratio1.8×+0.5×

Where this comes from

Calculated from Advance Auto Parts’s reported figures.

$5.2Btotal debt−$3.0Bcash and equivalents=$2.27B

The official record: Advance Auto Parts’s 10-Q, filed May 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Advance Auto Parts's net debt?: Advance Auto Parts (AAP) reported net debt of $2.27B in Q1 2026.
How has Advance Auto Parts's net debt changed year-over-year?: Advance Auto Parts's net debt increased by 13.6% year-over-year, from $2B to $2.27B.
What is the long-term trend for Advance Auto Parts's net debt?: Over 5 years (2020 to 2025), Advance Auto Parts's net debt has grown at a -1.1% compound annual growth rate (CAGR), from $2.68B to $2.54B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.