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AutoZone AZO Operating margin

Operating margin at other companies

Myers Industries logo
Myers IndustriesMYE
12.5%+6.8pp
Walmart
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Walmart WMT
4.2%-0.2pp
Dorman Products logo
Dorman ProductsDORM
12.9%-2.6pp
O'Reilly Automotive logo
O'Reilly AutomotiveORLY
19.6%+0.3pp
Amazon logo
AmazonAMZN
12.1%+0.7pp
LKQ logo
LKQLKQ
6.9%-1.5pp

Other financials

Income statement

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Revenue$4.8B+8.4%
Gross profit$2.5B+7.3%
Operating income$923.8M+6.6%
Net income$641.5M+5.4%
EPS (diluted)$38.07+7.7%

Balance sheet

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Cash & equivalents$253.7M-5.5%
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$49.24B-25.8%
Enterprise value$61.62B-21.3%
P/E19.9×-6.0×
P/S2.5×-1.0×

Profitability

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Gross margin51.8%-1.2pp
Net margin12.4%-1.2pp
FCF margin25.6%

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 source filing: AutoZone’s 10-Q, filed June 12, 2026. Open the filing →

Filed
Jun 12, 2026, 4:36 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-073525

FAQ

What is AutoZone's operating margin?
AutoZone (AZO) reported operating margin of 18% in Q1 2026.
How has AutoZone's operating margin changed year-over-year?
AutoZone's operating margin decreased by 8.2% year-over-year, from 19.6% to 18%.
What is the long-term trend for AutoZone's operating margin?
Over 4 years (2021 to 2025), AutoZone's operating margin has grown at a -1.3% compound annual growth rate (CAGR), from 20.1% to 19.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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