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AutoZone AZO Gross margin

Gross margin at other companies

Walmart
 logo
Walmart WMT
25%+0.1pp
O'Reilly Automotive logo
O'Reilly AutomotiveORLY
51.6%+0.4pp
Amazon logo
AmazonAMZN
50.6%+1.4pp
Lowe's Companies logo
Lowe's CompaniesLOW
33.3%-0.1pp
Home Depot logo
Home DepotHD
33.1%-0.2pp

Other financials

Income statement

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Revenue$4.8B+8.4%
Gross profit$2.5B+7.3%
Operating income$923.8M+6.7%
Net income$641.5M+5.4%
EPS (diluted)$38.07+7.7%

Balance sheet

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Cash & equivalents$253.7M-5.6%
Total debt$12.6B+3.6%
Total equity-$2.8B+29.9%
Total assets$20.9B+12.3%

Cash flow

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Operating cash flow$2.1B-2.1%
CapEx$997.5M+12.6%
Free cash flow$1.1B-12.3%

Valuation

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Market cap$49.95B-22.3%
Enterprise value$62.33B-18.0%
P/E20.2×-4.9×
P/S2.5×-0.9×

Profitability

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Operating margin18%-1.6pp
Net margin12.4%-1.2pp

Returns & leverage

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Return on equity-73.3%
Debt / equity-4.5×
Current ratio0.9×0.0×

Where this comes from

Calculated from AutoZone’s reported figures.

Based on trailing twelve months.

The official record: AutoZone’s 10-Q, filed June 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AutoZone's gross margin?
AutoZone (AZO) reported gross margin of 51.8% in Q1 2026.
How has AutoZone's gross margin changed year-over-year?
AutoZone's gross margin decreased by 2.3% year-over-year, from 52.9% to 51.8%.
What is the long-term trend for AutoZone's gross margin?
Over 4 years (2021 to 2025), AutoZone's gross margin has grown at a -0.1% compound annual growth rate (CAGR), from 212.5% to 211.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.