AZOAUTOZONE INC
Retail-Auto & Home Supply Stores
- Revenue
- $20.3B
- 7.4% YoY
- Operating margin
- 18.3%
- 4.0% YoY
- EBITDA
- $4.4B
- 4.4% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.0×
- $8.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear126% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear62% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $16.3B | $17.5B | $18.5B | $18.9B | $20.3B | 7.4% |
| Operating income | $3.3B | $3.5B | $3.8B | $3.6B | $3.7B | 3.1% |
| Net income | $2.4B | $2.5B | $2.7B | $2.5B | $2.6B | 3.0% |
| Operating cash flow | $3.2B | $2.9B | $3.0B | $3.1B | $3.2B | 4.2% |
| Capex | $672M | $797M | $1.1B | $1.3B | $1.4B | 8.0% |
| Stock-based comp | $71M | $93M | $106M | $125M | $137M | 9.7% |
| Buybacks | $4.4B | $3.7B | $3.1B | $1.6B | $2.0B | 28% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 249 | 163 |
| FY2025 | — | — | 353 | 152 |
| FY2024 | — | — | 268 | 124 |
| FY2023 | — | — | 206 | 98 |
| FY2022 | — | — | 182 | 92 |