Autozone
Autozone returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
Average equity attributable to owners is zero or negative, so this ratio is undefined.
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | May 9, 2026 | 53.39% | 35.96% | -6.88% | — | 12.54% | 45.7 pp |
| FY 2026 Q2 | Feb 14, 2026 | 55.87% | 36.61% | -11.54% | — | 12.68% | 48.2 pp |
| FY 2026 Q1 | Nov 22, 2025 | 61.55% | 38.56% | -15.2% | — | 13.27% | 53.8 pp |
| FY 2025 Q4 | Aug 30, 2025 | 62.59% | 39.46% | -12.85% | — | 13.68% | 54.9 pp |
| FY 2025 Q3 | May 10, 2025 | 68.93% | 43.47% | -0.39% | — | 14.35% | 61.2 pp |
| FY 2025 Q2 | Feb 15, 2025 | 75.76% | 44.6% | 7.89% | — | 14.97% | 68.1 pp |
| FY 2025 Q1 | Nov 23, 2024 | 83.22% | 47.02% | 16.15% | — | 15.6% | 75.5 pp |
| FY 2024 Q4 | Aug 31, 2024 | 84.97% | 47.55% | 26.3% | — | 16.06% | 77.3 pp |
| FY 2024 Q3 | May 4, 2024 | 88.22% | 49.37% | 24.53% | — | 16.05% | 80.5 pp |
| FY 2024 Q2 | Feb 10, 2024 | 95.28% | 49.38% | 34.12% | — | 16.25% | 87.6 pp |
| FY 2024 Q1 | Nov 18, 2023 | 105.89% | 51.01% | 30.98% | — | 16.34% | 98.2 pp |
| FY 2023 Q4 | Aug 26, 2023 | 102.08% | 49.07% | 26.23% | — | 16.18% | 94.4 pp |
| FY 2023 Q3 | May 6, 2023 | 102.52% | 49.38% | 35.28% | — | 16.43% | 94.8 pp |
| FY 2023 Q2 | Feb 11, 2023 | 102.23% | 49.27% | 39.69% | — | 16.33% | 94.5 pp |
| FY 2023 Q1 | Nov 19, 2022 | 116.22% | 49.91% | 218.72% | — | 16.21% | 108.5 pp |
| FY 2022 Q4 | Aug 27, 2022 | 110.26% | 47.29% | 1,350.5% | — | 16.31% | 102.6 pp |
| FY 2022 Q3 | May 7, 2022 | 102.24% | 47.29% | — | — | 16.79% | 94.5 pp |
| FY 2022 Q2 | Feb 12, 2022 | 93.76% | 46.97% | — | — | 17.06% | 86.1 pp |
| FY 2022 Q1 | Nov 20, 2021 | 96.55% | 42.58% | — | — | 15.73% | 88.8 pp |
| FY 2021 Q4 | Aug 28, 2021 | 89.14% | 38.52% | — | — | 15% | 81.4 pp |
| FY 2021 Q3 | May 8, 2021 | 77.82% | 40.94% | — | — | 15.72% | 70.1 pp |
| FY 2021 Q2 | Feb 13, 2021 | 61.8% | 36.1% | — | — | 13.85% | 54.1 pp |
| FY 2021 Q1 | Nov 21, 2020 | 63.66% | 33.9% | — | — | 13.39% | 56 pp |
| FY 2020 Q4 | Aug 29, 2020 | 60.74% | 38.61% | — | — | 14.25% | 53 pp |
| FY 2020 Q3 | May 9, 2020 | 50.95% | 37.63% | — | — | 13.74% | 43.2 pp |
| FY 2020 Q2 | Feb 15, 2020 | 51.05% | 38.91% | 83.51% | — | 14.34% | 43.4 pp |
| FY 2020 Q1 | Nov 23, 2019 | 53.21% | 39.84% | 188.19% | — | 14.54% | 45.5 pp |
| FY 2019 Q4 | Aug 31, 2019 | 53.25% | 50.93% | 538.91% | — | 16.81% | 45.5 pp |
| FY 2019 Q3 | May 4, 2019 | 46.77% | 45.85% | 490.49% | — | 15.23% | 39.1 pp |
| FY 2019 Q2 | Feb 9, 2019 | 45.63% | 45.67% | — | — | 14.76% | 37.9 pp |
| FY 2019 Q1 | Nov 17, 2018 | 47.99% | 42.14% | 408.82% | — | 14.88% | 40.3 pp |
| FY 2018 Q4 | Aug 25, 2018 | 44.38% | 41.1% | — | — | 14.38% | 36.7 pp |
| FY 2018 Q3 | May 5, 2018 | 45.39% | 44.73% | 83.79% | — | 14.96% | 37.7 pp |
| FY 2018 Q2 | Feb 10, 2018 | 44.45% | 44.57% | 30.97% | — | 14.6% | 36.7 pp |
| FY 2018 Q1 | Nov 18, 2017 | 45.2% | 50.84% | 11.6% | — | 14.15% | 37.5 pp |
| FY 2017 Q4 | Aug 26, 2017 | 43.56% | 49.51% | 11.34% | — | 14.34% | 35.9 pp |
| FY 2017 Q3 | May 6, 2017 | 44.89% | 51.56% | 16.79% | — | 14.56% | 37.2 pp |
| FY 2017 Q2 | Feb 11, 2017 | 45.31% | 55.61% | 31.26% | — | 14.7% | 37.6 pp |
| FY 2017 Q1 | Nov 19, 2016 | 47.26% | 56.75% | 68.07% | — | 14.87% | 39.6 pp |
| FY 2016 Q4 | Aug 27, 2016 | 46.76% | 56.46% | 35.92% | — | 14.86% | 39.1 pp |
| FY 2016 Q3 | May 7, 2016 | 46.73% | 56.63% | 57.59% | — | 14.73% | 39 pp |
| FY 2016 Q2 | Feb 13, 2016 | 45.12% | 59.83% | 119.92% | — | 14.67% | 37.4 pp |
| FY 2016 Q1 | Nov 21, 2015 | 46.79% | 65.34% | 48.19% | — | 14.81% | 39.1 pp |
| FY 2015 Q4 | Aug 29, 2015 | 45.49% | 61.36% | — | — | 14.86% | 37.8 pp |
| FY 2015 Q3 | May 9, 2015 | 47.7% | 62.68% | 15.55% | — | 14.71% | 40 pp |
| FY 2015 Q2 | Feb 14, 2015 | 45.67% | 60.71% | 12.18% | — | 14.58% | 38 pp |
| FY 2015 Q1 | Nov 22, 2014 | 48.08% | 69.78% | 13.75% | — | 14.79% | 40.4 pp |
| FY 2014 Q4 | Aug 30, 2014 | 45.85% | 64.22% | 10.06% | — | 14.85% | 38.2 pp |
| FY 2014 Q3 | May 10, 2014 | 41.41% | 64.26% | — | — | 15.08% | 33.7 pp |
| FY 2014 Q2 | Feb 15, 2014 | 48.57% | 68.51% | 71.15% | — | 15.05% | 40.9 pp |
| FY 2014 Q1 | Nov 23, 2013 | — | 67.12% | — | — | 15.37% | — |
| FY 2013 Q4 | Aug 31, 2013 | 50.74% | 66.5% | 38.34% | — | 15.45% | 43 pp |
| FY 2013 Q3 | May 4, 2013 | — | 61.39% | — | — | 14.99% | — |
| FY 2013 Q2 | Feb 9, 2013 | — | 67.13% | — | — | 14.97% | — |
| FY 2013 Q1 | Nov 17, 2012 | — | 65.95% | — | — | 15.29% | — |
| FY 2012 Q4 | Aug 25, 2012 | — | 64.53% | — | — | 15.33% | — |
| FY 2012 Q3 | May 5, 2012 | — | 63.66% | — | — | 15.09% | — |
| FY 2012 Q2 | Feb 11, 2012 | — | 61.36% | — | — | 15% | — |
| FY 2012 Q1 | Nov 19, 2011 | — | 64.42% | — | — | 15% | — |
| FY 2011 Q4 | Aug 27, 2011 | — | 60.44% | — | — | 14.84% | — |
| FY 2011 Q3 | May 7, 2011 | — | 57.7% | — | — | 14.4% | — |
| FY 2011 Q2 | Feb 12, 2011 | — | 53.93% | — | — | 14.15% | — |
| FY 2011 Q1 | Nov 20, 2010 | — | 54.86% | — | — | 13.91% | — |
| FY 2010 Q4 | Aug 28, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | May 8, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Feb 13, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Nov 21, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · AZO, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.