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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+11.8% YoYReported for FY 2026
Liabilities
+6.0% YoYReported for FY 2026
Equity
+26.7% YoYReported for FY 2026
Equity mix
+6.1 ppEquity share of the capital base
Table view
Balance sheet, reported dollar amounts — FY 2026
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated May 26, 2026. The filing-backed figures above are the current source of truth.
AUTOZONE INC’s balance sheet shows steady expansion in both assets and liabilities over the five-year period. Total assets rose from about $14.5 billion in 2021 to $19.4 billion in 2025, reflecting consistent growth in the company’s operating scale and likely continued investment in inventory, stores, and working assets. Total liabilities increased even faster, from $16.3 billion to $22.8 billion over the same period, with the sharpest step-up occurring from 2023 to 2025. This suggests the company has relied increasingly on debt and other obligations to fund growth and support operations. Stockholders’ equity remained negative throughout the period and became more negative in absolute terms, moving from roughly -$1.8 billion in 2021 to -$3.4 billion in 2025, with a temporary worsening to -$4.7 billion in 2024 before improving somewhat in 2025. Negative equity in an auto parts retailer is not unusual when aggressive share repurchases and leverage are used to boost returns, but it does indicate a capital structure heavily weighted toward liabilities. Overall, AutoZone appears to be growing, but its balance sheet has become more leveraged, so financial flexibility is increasingly dependent on continued operating performance and access to financing.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.