AutoZone Inc (AZO)

Net profit margin

		Aug 31, 2024	May 4, 2024	Feb 10, 2024	Nov 18, 2023	Aug 26, 2023	May 6, 2023	Feb 11, 2023	Nov 19, 2022	Aug 27, 2022	May 7, 2022	Feb 12, 2022	Nov 20, 2021	Aug 28, 2021	May 8, 2021	Feb 13, 2021	Nov 21, 2020	Aug 29, 2020	May 9, 2020	Nov 23, 2019	Aug 31, 2019
Net income (ttm)	US$ in thousands	2,662,427	2,625,060	2,621,057	2,582,571	2,528,426	2,473,628	2,418,476	2,413,687	2,429,604	2,405,332	2,408,925	2,283,116	2,170,314	2,125,000	1,871,732	1,876,124	1,998,919	1,664,411	1,616,153	1,617,221
Revenue (ttm)	US$ in thousands	18,490,270	17,975,510	17,830,570	17,662,420	17,457,210	17,114,950	16,889,630	16,568,400	16,252,230	15,817,350	15,603,150	15,144,220	14,629,580	14,262,070	13,390,350	13,272,570	14,106,750	12,343,790	12,015,060	11,863,750
Net profit margin		14.40%	14.60%	14.70%	14.62%	14.48%	14.45%	14.32%	14.57%	14.95%	15.21%	15.44%	15.08%	14.84%	14.90%	13.98%	14.14%	14.17%	13.48%	13.45%	13.63%

August 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,662,427K ÷ $18,490,270K
= 14.40%

AutoZone Inc's net profit margin has shown variability over the past few quarters, ranging from 13.48% to 15.44%. The net profit margin measures the company's profitability after accounting for all expenses, and AutoZone Inc has maintained a relatively healthy margin during the periods analyzed. The highest net profit margin of 15.44% was reported in the second quarter of fiscal year 2022, while the lowest margin of 13.48% was recorded in the fourth quarter of fiscal year 2020. Overall, AutoZone Inc has demonstrated consistent profitability, with the majority of the net profit margins falling above 14%. It indicates that the company efficiently manages its costs and generates a significant amount of profit relative to its revenue.