AutoZone Inc (AZO) — Capital Reinvestment Ratio
AutoZone Inc (AZO) has a Capital Reinvestment Ratio of 0.43x as of May 2026, meaning it reinvests 0% of its operating cash flow ($801.99 Million) in capital expenditures ($345.51 Million). Check AutoZone Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
AutoZone Inc Capital Reinvestment Ratio (1990–2025)
This chart tracks AutoZone Inc's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of AutoZone Inc.
Annual Capital Reinvestment Ratio for AutoZone Inc (1990–2025)
Year-by-year Capital Reinvestment Ratio for AutoZone Inc from 1990 to 2025. See AZO free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.43x | $3.12 Billion | $1.33 Billion | ▲ +19.2% |
| 2024 | 0.36x | $3.00 Billion | $1.07 Billion | ▲ +31.8% |
| 2023 | 0.27x | $2.94 Billion | $796.66 Million | ▲ +29.4% |
| 2022 | 0.21x | $3.21 Billion | $672.39 Million | ▲ +18.5% |
| 2021 | 0.18x | $3.52 Billion | $621.77 Million | ▲ +5.0% |
| 2020 | 0.17x | $2.72 Billion | $457.74 Million | ▼ -27.8% |
| 2019 | 0.23x | $2.13 Billion | $496.05 Million | ▼ -7.2% |
| 2018 | 0.25x | $2.08 Billion | $522.25 Million | ▼ -28.8% |
| 2017 | 0.35x | $1.57 Billion | $553.83 Million | ▲ +13.8% |
| 2016 | 0.31x | $1.58 Billion | $488.79 Million | ▼ -1.7% |
| 2015 | 0.32x | $1.53 Billion | $480.58 Million | ▼ -5.9% |
| 2014 | 0.33x | $1.34 Billion | $449.23 Million | ▲ +14.4% |
| 2013 | 0.29x | $1.42 Billion | $414.45 Million | ▼ -5.2% |
| 2012 | 0.31x | $1.22 Billion | $378.05 Million | ▲ +229.6% |
| 2011 | 0.09x | $1.29 Billion | $121.02 Million | ▼ -64.5% |
| 2010 | 0.26x | $1.20 Billion | $315.40 Million | ▼ -10.5% |
| 2009 | 0.29x | $923.81 Million | $272.25 Million | ▲ +11.4% |
| 2008 | 0.26x | $921.10 Million | $243.59 Million | ▼ -0.4% |
| 2007 | 0.27x | $845.19 Million | $224.47 Million | ▼ -17.1% |
| 2006 | 0.32x | $822.75 Million | $263.58 Million | ▼ -26.8% |
| 2005 | 0.44x | $648.08 Million | $283.48 Million | ▲ +51.0% |
| 2004 | 0.29x | $638.38 Million | $184.87 Million | ▲ +11.0% |
| 2003 | 0.26x | $698.25 Million | $182.24 Million | ▲ +64.5% |
| 2002 | 0.16x | $739.09 Million | $117.24 Million | ▼ -57.0% |
| 2001 | 0.37x | $458.94 Million | $169.30 Million | ▼ -24.2% |
| 2000 | 0.49x | $512.96 Million | $249.66 Million | ▼ -65.1% |
| 1999 | 1.39x | $307.40 Million | $428.30 Million | ▲ +17.0% |
| 1998 | 1.19x | $367.10 Million | $437.20 Million | ▼ -28.9% |
| 1997 | 1.68x | $177.50 Million | $297.50 Million | ▲ +7.1% |
| 1996 | 1.56x | $179.10 Million | $280.20 Million | ▲ +9.2% |
| 1995 | 1.43x | $180.10 Million | $258.10 Million | ▲ +6.3% |
| 1994 | 1.35x | $128.30 Million | $173.00 Million | ▲ +30.8% |
| 1993 | 1.03x | $117.00 Million | $120.60 Million | ▲ +59.1% |
| 1992 | 0.65x | $109.30 Million | $70.80 Million | ▼ -43.7% |
| 1991 | 1.15x | $35.70 Million | $41.10 Million | ▲ +95.1% |
| 1990 | 0.59x | $43.90 Million | $25.90 Million | — |