Short answer
O’Reilly Automotive (ORLY) filed its fiscal 2024 10-K annual report with the SEC on Feb 28, 2025. It reported revenue of $16.7B (+5.7% year over year) and net income of $2.4B.
- Top risk flagged: Regulatory risk from evolving state privacy laws requiring ongoing updates to privacy policies and controls under multiple state frameworks
FY2024 key financial metrics · XBRL
- Revenue
- $16.7B
- +5.7% YoY
- Net income
- $2.4B
- +1.7% YoY
- Operating margin
- 19.5%
- −0.7 pp YoY
- Gross margin
- 51.2%
- −0.1 pp YoY
- EPS (diluted)
- $40.66
- +5.7% YoY
- ROE
- -174.1%
- −39.2 pp YoY
- Operating cash flow
- $3.0B
- +0.5% YoY
Source: XBRL data from the O’Reilly Automotive (ORLY) FY2024 10-K on SEC EDGAR. USD.
O’Reilly Automotive FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: automotive aftermarket parts distribution via company-operated stores and e-commerce
- Emphasis on growth through acquisitions with risks outlined: integration challenges, legal liabilities, retention of key personnel
- Strategic focus on managing costs amid evolving employment laws and potential environmental regulations
- Notable risk exposure to litigation from operation of large vehicle fleet and regulatory inquiries impacting financials
- Highlighted potential adverse impact of climate change-related laws on fuel costs and supplier compliance expenses
Management Discussion & Analysis
- Net income $2.39B in 2024, up $40M YoY from $2.35B in 2023
- Consolidated fixed charge coverage ratio 6.11x in 2024 vs 6.42x in 2023; leverage ratio 1.89x in 2024 vs 1.93x in 2023
- Largest expense: Rent $453M in 2024, up from $425M in 2023; increasing self-insurance reserves by $54M to cover claims cost inflation
- Free cash flow $1.99B flat YoY; capital expenditures $1.02B, slightly up from $1.01B; detail on buybacks/dividends referenced but not quantified here
- Management cautious on self-insurance assumptions, notes 10% reserve variance impacts pre-tax income by $27M; no explicit forward guidance disclosed
Risk Factors
- Regulatory risk from evolving state privacy laws requiring ongoing updates to privacy policies and controls under multiple state frameworks
- Macroeconomic impact from reliance on third-party business partners for cybersecurity controls, with potential operational disruption if partners fail security
- Operational vulnerability due to dependence on continuous enhancements and skill expansion of internal cybersecurity team and external assessments
- Competitive threat from technology-enabled cyber threats necessitating advanced, industry-leading email security and endpoint detection platforms
- Financial risk from potential cybersecurity incidents impacting operations despite business continuity and disaster recovery programs tested annually
Generated from the filing text; verify against the original. How to read a 10-K
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