AUTOZONE INC（AZO）の決算・業績分析
AUTOZONE INCの2025年有価証券報告書をAI分析。売上高$18.9B(+2.4%)。営業利益$3.6B。Consumer Discretionary。
目次
AUTOZONE INCの2025年度 業績サマリー
AUTOZONE INC（証券コード: AZO）の2025年度決算・業績分析。売上高は$18.9B（前年比+2.4%）。営業利益は$3.6B（前年比-4.7%）。純利益は$2.5B（前年比-6.2%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
AUTOZONE INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 11.1% YoY to $16.3B (XBRL), with net income rising 11.9% to $2.4B (XBRL).
- EBITDA margin reached 22.9% (XBRL), while cash conversion cycle (CCC) improved to -56 days (XBRL).
- Shareholder returns totaled $4.4B via buybacks (XBRL), but net debt rose to $7.4B (2.0x EBITDA) (XBRL).
- Operating cash flow declined 8.6% YoY to $3.2B (XBRL), despite record FCF of $2.5B (XBRL).
- Equity ratio turned negative at -11.8% (XBRL), with total equity falling to -$3.5B by FY2025 (XBRL).
AUTOZONE INCの売上高変化の要因
- •Revenue grew 11.1% YoY to $16.3B (XBRL), with 5-year CAGR of 9.2% (XBRL). Historical data shows steady growth from $11.2B (FY2020) to $17.5B (projected FY2025). Operating income increased 11.1% YoY to $3.3B (XBRL), with 5-year CAGR of 13.9% (XBRL). Net income rose 11.9% YoY to $2.4B (XBRL), reflecting 13.6% 5-year CAGR (XBRL). Growth drivers include e-commerce expansion, commercial sales programs, and ALLDATA software (10-K).
AUTOZONE INCの営業利益変化の要因
- •Gross margin improved to 52.1% (XBRL), with gross profit of $8.5B (XBRL). Operating margin rose to 20.1% (XBRL), driven by $3.3B operating income (XBRL). Net margin reached 14.9% (XBRL), with net income of $2.4B (XBRL). EBITDA of $3.7B (22.9% of revenue) (XBRL) reflects strong cost control. All profitability metrics grew 11.1% YoY (XBRL).
AUTOZONE INCの事業リスクと対応
Declining demand due to older vehicles, fuel prices, economic conditions, and EV adoption (10-K).
Intense competition from lower-cost retailers with better digital tools and faster delivery (10-K).
Inability to sustain historical sales growth or adapt to digital shopping trends (10-K).
Restrictions on telematics/data access by manufacturers/regulators limiting customer independence (10-K).
Inventory management challenges and cost pressures in competing effectively (10-K).
AUTOZONE INCの事業内容
AutoZone Inc. operates as a leading retailer and distributor of automotive replacement parts and accessories in the Americas, generating revenue through physical stores, e-commerce (www.autozone.com), and commercial sales programs (www.autozonepro.com). Key products include automotive parts, maintenance items, accessories, non-automotive goods, and ALLDATA diagnostic software. The company serves local, regional, and national repair garages, dealers, fleet owners, and individual consumers, with no significant customer concentration (10-K). Competitive advantages include strong customer service culture, extensive employee training, and business resource groups (BRGs) (10-K). As of August 31, 2024, the company employed ~126,000 employees (10-K).
AUTOZONE INCのAI業績分析レポート（2024年度）
AutoZone Inc. (AZO) FY2024 Annual Report Analysis
Highlights
Business Overview
AutoZone Inc. operates as a leading retailer and distributor of automotive replacement parts and accessories in the Americas, generating revenue through physical stores, e-commerce (www.autozone.com), and commercial sales programs (www.autozonepro.com). Key products include automotive parts, maintenance items, accessories, non-automotive goods, and ALLDATA diagnostic software. The company serves local, regional, and national repair garages, dealers, fleet owners, and individual consumers, with no significant customer concentration (10-K). Competitive advantages include strong customer service culture, extensive employee training, and business resource groups (BRGs) (10-K). As of August 31, 2024, the company employed ~126,000 employees (10-K).
Revenue Analysis
Revenue grew 11.1% YoY to $16.3B (XBRL), with 5-year CAGR of 9.2% (XBRL). Historical data shows steady growth from $11.2B (FY2020) to $17.5B (projected FY2025). Operating income increased 11.1% YoY to $3.3B (XBRL), with 5-year CAGR of 13.9% (XBRL). Net income rose 11.9% YoY to $2.4B (XBRL), reflecting 13.6% 5-year CAGR (XBRL). Growth drivers include e-commerce expansion, commercial sales programs, and ALLDATA software (10-K).
Profitability Analysis
Gross margin improved to 52.1% (XBRL), with gross profit of $8.5B (XBRL). Operating margin rose to 20.1% (XBRL), driven by $3.3B operating income (XBRL). Net margin reached 14.9% (XBRL), with net income of $2.4B (XBRL). EBITDA of $3.7B (22.9% of revenue) (XBRL) reflects strong cost control. All profitability metrics grew 11.1% YoY (XBRL).
Balance Sheet Analysis
Total assets increased to $17.2B by FY2025 (XBRL), but total equity fell to -$3.5B (XBRL). Net debt rose to $7.4B (2.0x EBITDA) (XBRL), with long-term debt at $7.7B (XBRL). Current ratio declined to 0.80x (XBRL), indicating potential liquidity challenges. Cash balances remained at $277M (XBRL). Equity ratio turned negative at -11.8% (XBRL), with ROE of -135.2% (XBRL).
Cash Flow Analysis
Operating cash flow (OCF) declined 8.6% YoY to $3.2B (XBRL), while free cash flow (FCF) reached $2.5B (XBRL) after $672M CapEx (XBRL). Financing CF was -$3.5B (XBRL), driven by $4.4B share repurchases (XBRL). Capital expenditures (CapEx) totaled $672M (XBRL), with CapEx/D&A ratio of 1.52x (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) improved to -56 days (XBRL), with receivables days at 12 days (XBRL), inventory days at 270 days (XBRL), and payables days at 338 days (XBRL).
Risks
Outlook
N/A (10-K does not provide management guidance or forward-looking trends).
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