AutoZone Inc (AZO)
Pretax margin
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,337,130 | 3,167,610 | 3,079,090 | 2,749,190 | 2,216,510 |
| Revenue | US$ in thousands | 18,490,300 | 17,457,200 | 16,252,200 | 14,629,600 | 12,632,000 |
| Pretax margin | 18.05% | 18.15% | 18.95% | 18.79% | 17.55% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,337,130K ÷ $18,490,300K
= 18.05%
AutoZone Inc's pretax margin has shown consistent performance over the past five years. The company's pretax margin for the most recent fiscal year ending August 31, 2024, decreased slightly to 18.05% compared to the prior year's 18.15%. However, it remained relatively stable compared to the four preceding years, where it ranged from 17.55% to 18.95%. This indicates that AutoZone has been successful in controlling its operating expenses and generating profits before taxes at a similar level within this period. Overall, the company's ability to maintain a pretax margin within this range demonstrates operational efficiency and financial stability.
Peer comparison
Aug 31, 2024