AutoZone Inc (AZO) — Cash Flow Reinvestment Rate
AutoZone Inc (AZO) has a Cash Flow Reinvestment Rate of 0.43x as of May 2026, reinvesting $348.70 Million (capex $345.51 Million plus investments $-3.19 Million) from operating cash flow of $801.99 Million. See free cash flow generation of AutoZone Inc to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
AutoZone Inc Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for AutoZone Inc across 36 annual periods. For the full cash flow conversion analysis, see AutoZone Inc (AZO) cash flow conversion.
Annual Cash Flow Reinvestment Rate for AutoZone Inc (1990–2025)
Year-by-year capital reinvestment analysis for AutoZone Inc. See AutoZone Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| 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 | — |