AutoZone Inc (AZO)

Net profit margin

		Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019
Net income	US$ in thousands	2,528,430	2,429,600	2,170,310	1,732,970	1,617,220
Revenue	US$ in thousands	17,457,200	16,252,200	14,629,600	12,632,000	11,863,700
Net profit margin		14.48%	14.95%	14.84%	13.72%	13.63%

August 26, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,528,430K ÷ $17,457,200K
= 14.48%

The net profit margin of Autozone Inc. has shown stability and a positive trend over the past five years. The margin has ranged from 13.63% to 14.95%, indicating consistent profitability. The slight fluctuations in the margin demonstrate the company's ability to effectively manage costs and generate profits relative to its revenue. Overall, Autozone Inc. has maintained a healthy net profit margin, reflecting efficient cost management and solid financial performance.