AutoZone Inc (AZO) — Cash Flow Reinvestment Rate

Latest as of February 2026: 0.93x

AutoZone Inc (AZO) has a Cash Flow Reinvestment Rate of 0.93x as of February 2026, reinvesting $349.07 Million (capex $336.71 Million plus investments $-12.35 Million) from operating cash flow of $373.43 Million. Explore AutoZone Inc (AZO) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.93x
(Capex + Investments) / Operating CF

Total Reinvested

$349.07 Million
Capex + Investments

Operating Cash Flow

$373.43 Million
USD

Capital Expenditures

$336.71 Million
USD

AutoZone Inc Cash Flow Reinvestment Rate (1990–2025)

Historical reinvestment intensity for AutoZone Inc across 36 annual periods. Also explore AutoZone Inc assets under control for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for AutoZone Inc (1990–2025)

Year-by-year capital reinvestment analysis for AutoZone Inc. For live market cap and broader valuation context, see market cap of AutoZone Inc.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.88x $2.73 Billion $3.12 Billion $1.33 Billion ▲ +11.4%
2024 0.79x $2.36 Billion $3.00 Billion $1.07 Billion ▲ +38.1%
2023 0.57x $1.67 Billion $2.94 Billion $796.66 Million ▲ +170.8%
2022 0.21x $674.55 Million $3.21 Billion $672.39 Million ▲ +17.0%
2021 0.18x $631.76 Million $3.52 Billion $621.77 Million ▲ +5.2%
2020 0.17x $464.45 Million $2.72 Billion $457.74 Million ▼ -27.1%
2019 0.23x $498.45 Million $2.13 Billion $496.05 Million ▼ -12.6%
2018 0.27x $557.14 Million $2.08 Billion $522.25 Million ▼ -24.4%
2017 0.35x $556.55 Million $1.57 Billion $553.83 Million ▲ +12.1%
2016 0.32x $498.49 Million $1.58 Billion $488.79 Million ▼ -0.4%
2015 0.32x $483.91 Million $1.53 Billion $480.58 Million ▼ -5.9%
2014 0.34x $452.17 Million $1.34 Billion $449.23 Million ▲ +13.3%
2013 0.30x $420.98 Million $1.42 Billion $414.45 Million ▼ -4.5%
2012 0.31x $381.33 Million $1.22 Billion $378.05 Million ▲ +230.6%
2011 0.09x $121.71 Million $1.29 Billion $121.02 Million ▼ -64.7%
2010 0.27x $318.94 Million $1.20 Billion $315.40 Million ▼ -9.5%
2009 0.29x $272.25 Million $923.81 Million $272.25 Million ▲ +11.4%
2008 0.26x $243.59 Million $921.10 Million $243.59 Million ▼ -0.4%
2007 0.27x $224.47 Million $845.19 Million $224.47 Million ▼ -17.1%
2006 0.32x $263.58 Million $822.75 Million $263.58 Million ▼ -26.8%
2005 0.44x $283.48 Million $648.08 Million $283.48 Million ▲ +51.0%
2004 0.29x $184.87 Million $638.38 Million $184.87 Million ▲ +11.0%
2003 0.26x $182.24 Million $698.25 Million $182.24 Million ▲ +64.5%
2002 0.16x $117.24 Million $739.09 Million $117.24 Million ▼ -57.0%
2001 0.37x $169.30 Million $458.94 Million $169.30 Million ▼ -24.2%
2000 0.49x $249.66 Million $512.96 Million $249.66 Million ▼ -65.1%
1999 1.39x $428.30 Million $307.40 Million $428.30 Million ▲ +17.0%
1998 1.19x $437.20 Million $367.10 Million $437.20 Million ▼ -28.9%
1997 1.68x $297.50 Million $177.50 Million $297.50 Million ▲ +7.1%
1996 1.56x $280.20 Million $179.10 Million $280.20 Million ▲ +9.2%
1995 1.43x $258.10 Million $180.10 Million $258.10 Million ▲ +6.3%
1994 1.35x $173.00 Million $128.30 Million $173.00 Million ▲ +30.8%
1993 1.03x $120.60 Million $117.00 Million $120.60 Million ▲ +59.1%
1992 0.65x $70.80 Million $109.30 Million $70.80 Million ▼ -43.7%
1991 1.15x $41.10 Million $35.70 Million $41.10 Million ▲ +95.1%
1990 0.59x $25.90 Million $43.90 Million $25.90 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow