AutoZone Inc Capital Reinvestment Ratio
AutoZone Inc 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). See AZO free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of AutoZone Inc (1990–2025)
Capital reinvestment ratio of AutoZone Inc from 1990 to 2025. This chart tracks AutoZone Inc's Capital Reinvestment Ratio across 36 annual periods. See AutoZone Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
AutoZone Inc Capital Reinvestment Ratio by Year (1990–2025)
AutoZone Inc capital reinvestment ratio by year from 1990 to 2025. For the full cash flow conversion analysis, see AZO cash flow metrics.
| 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 | — |