Short answer
AutoZone (AZO) filed its fiscal 2025 10-K annual report with the SEC on Oct 27, 2025. It reported revenue of $18.9B (+2.4% year over year) and net income of $2.5B.
- Top risk flagged: U.S. trade tariffs risk with new tariffs on imports from Canada, China, Mexico; pending litigation may lead to additional sector-based tariffs impacting costs and supply chains
FY2025 key financial metrics · XBRL
- Revenue
- $18.9B
- +2.4% YoY
- Net income
- $2.5B
- −6.2% YoY
- Operating margin
- 19.1%
- −1.4 pp YoY
- Gross margin
- 52.6%
- −0.5 pp YoY
- EPS (diluted)
- $144.87
- −3.1% YoY
- ROE
- -73.2%
- −17.1 pp YoY
- Operating cash flow
- $3.1B
- +3.8% YoY
Source: XBRL data from the AutoZone (AZO) FY2025 10-K on SEC EDGAR. USD.
AutoZone FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Automotive parts retail and services provider
- No new products, services, or segments introduced or emphasized in 2025 filing
- Continued emphasis on corporate governance with updated Code of Ethical Conduct for Financial Executives
- Insider trading policies reinforced with detailed procedures and quarterly quiet periods
- Reliance on Proxy Statement for executive compensation, ownership, related transactions, and accounting fees disclosures
Management Discussion & Analysis
- Revenue not explicitly stated; Q4 FY25 represented 33.0% of annual sales vs 33.6% in FY24 and 32.6% in FY23
- Adjusted after-tax ROIC declined to 41.3% in FY25 from 49.7% in FY24 and 55.4% in FY23
- Best segment performance not detailed; growth initiatives drove capital expenditures up to $1.3B, with 304 new stores opened in FY25
- Net cash from operations $3.1B in FY25 vs $3.0B in FY24; capex $1.3B in FY25 vs $1.1B in FY24; share repurchases $1.6B in FY25 vs $3.1B in FY24
- Management expects moderate increase in FY26 investments focused on new and expanded stores; potential risk from supplier financing and credit rating changes
Risk Factors
- U.S. trade tariffs risk with new tariffs on imports from Canada, China, Mexico; pending litigation may lead to additional sector-based tariffs impacting costs and supply chains
- Geopolitical trade uncertainty involving potential reciprocal tariffs and changes in U.S. trade policies affecting product costs and global supply stability
- Supply chain vulnerability from dependency on imports subject to dynamic tariffs and trade restrictions, risking disruptions and increased expenses
- Competitive risk from automotive parts market rivalry with impacts from technological advances reducing parts demand and competitors capitalizing on electric vehicle trends
- Macroeconomic risk of reduced demand driven by inflation, high consumer debt, and rising fuel prices causing customers to defer maintenance purchases
Generated from the filing text; verify against the original. How to read a 10-K
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