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AutoZone AZO Net margin

Net margin at other companies

Walmart
 logo
Walmart WMT
3.1%+0.4pp
O'Reilly Automotive logo
O'Reilly AutomotiveORLY
14.3%+0.2pp
Amazon logo
AmazonAMZN
10.6%+0.5pp
Lowe's Companies logo
Lowe's CompaniesLOW
7.5%-0.7pp
Copart logo
CopartCPRT
33.5%+1.3pp
Home Depot logo
Home DepotHD
8.4%-0.6pp

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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Gross margin51.8%-1.2pp
Operating margin18%-1.6pp

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 net margin?
AutoZone (AZO) reported net margin of 12.4% in Q1 2026.
How has AutoZone's net margin changed year-over-year?
AutoZone's net margin decreased by 8.6% year-over-year, from 13.6% to 12.4%.
What is the long-term trend for AutoZone's net margin?
Over 4 years (2021 to 2025), AutoZone's net margin has grown at a -1.3% compound annual growth rate (CAGR), from 57.8% to 54.9%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.