AutoZone Inc (AZO)

Net profit margin

		Aug 31, 2024	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020
Net income	US$ in thousands	2,662,430	2,528,430	2,429,600	2,170,310	1,732,970
Revenue	US$ in thousands	18,490,300	17,457,200	16,252,200	14,629,600	12,632,000
Net profit margin		14.40%	14.48%	14.95%	14.84%	13.72%

August 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,662,430K ÷ $18,490,300K
= 14.40%

AutoZone Inc's net profit margin has shown relatively stable performance over the past five years, ranging from 13.72% to 14.95%. The company has maintained a consistent level of profitability relative to its revenue during this period. The highest net profit margin was recorded in the fiscal year ending August 27, 2022, at 14.95%, indicating efficient cost management and strong revenue generation capabilities. Despite minor fluctuations, the net profit margin has remained above 14% in the recent years, reflecting AutoZone's ability to effectively control expenses and generate healthy profits from its operations. This consistent performance suggests a sound financial footing for the company.