Advance Auto Parts (AAP) financial statements
Advance Auto Parts reported revenue of $8.6B in fiscal 2025, down 1.2% a year over 9 years.
Net income was $44M and the operating margin -0.5%, against 8.2% in 2016.
Free cash flow was -$298M, and the company returned $60M in dividends.
The diluted share count fell 18% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Advance Auto Parts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.6B | $9.4B | $9.6B | $9.7B | $10.1B | $11.0B | $9.1B | $9.2B | $9.1B | $8.6B |
| Cost of revenue | $5.3B | $5.3B | $5.4B | $5.5B | $5.6B | $6.1B | $4.9B | $5.3B | $5.7B | $4.9B |
| Gross profit | $4.3B | $4.1B | $4.2B | $4.3B | $4.5B | $4.9B | $4.2B | $3.9B | $3.4B | $3.7B |
| Selling, general and admin | $3.5B | $3.5B | $3.6B | $3.6B | $3.7B | $4.1B | $3.7B | $3.8B | $3.8B | $3.6B |
| Operating income | $788M | $570M | $604M | $677M | $750M | $822M | $525M | $39M | -$713M | -$43M |
| Pre-tax income | $739M | $520M | $555M | $638M | $651M | $782M | $460M | -$47M | -$768M | -$91M |
| Income tax | $279M | $45M | $131M | $151M | $158M | $186M | $100M | -$17M | -$181M | -$159M |
| Net income | $460M | $476M | $424M | $487M | $493M | $597M | $464M | $30M | -$336M | $44M |
| EPS (diluted) | $6.20 | $6.42 | $5.73 | $6.84 | $7.14 | $9.25 | $7.65 | $0.50 | -$5.61 | $0.73 |
| Diluted shares | 74M | 74M | 74M | 71M | 69M | 65M | 61M | 60M | 60M | 61M |
| Gross margin | 44.5% | 43.6% | 44.0% | 43.8% | 44.3% | 44.8% | 46.3% | 41.9% | 37.5% | 43.4% |
| Operating margin | 8.2% | 6.1% | 6.3% | 7.0% | 7.4% | 7.5% | 5.7% | 0.4% | -7.8% | -0.5% |
| Net margin | 4.8% | 5.1% | 4.4% | 5.0% | 4.9% | 5.4% | 5.1% | 0.3% | -3.7% | 0.5% |
Balance sheet
Fiscal years, from Advance Auto Parts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $135M | $547M | $897M | $419M | $835M | $588M | $271M | $488M | $1.9B | $3.1B |
| Receivables | $641M | $606M | $625M | $689M | $750M | $754M | $684M | $610M | $544M | $380M |
| Inventory | $4.3B | $4.2B | $4.4B | $4.4B | $4.5B | $4.7B | $4.9B | $3.9B | $3.6B | $3.6B |
| Total current assets | $5.2B | $5.4B | $6.1B | $5.7B | $6.3B | $6.3B | $6.0B | $6.4B | $6.1B | $7.3B |
| Property, plant and equipment | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B | $1.5B | $1.7B | $1.6B | $1.3B | $1.3B |
| Goodwill | $991M | $994M | $990M | $992M | $994M | $994M | $990M | $601M | $598M | $600M |
| Total assets | $8.3B | $8.5B | $9.0B | $11.2B | $11.8B | $12.2B | $12.0B | $12.3B | $10.8B | $11.8B |
| Total current liabilities | $3.7B | $3.5B | $3.9B | $4.5B | $4.7B | $5.2B | $5.4B | $5.3B | $4.7B | $4.2B |
| Long-term debt | $1.0B | $1.0B | $1.0B | $747M | $1.0B | $1.0B | $1.2B | $1.8B | $1.8B | $3.4B |
| Total liabilities | $5.4B | $5.1B | $5.5B | $7.7B | $8.3B | $9.1B | $9.4B | $9.8B | $8.6B | $9.6B |
| Shareholders' equity | $2.9B | $3.4B | $3.6B | $3.5B | $3.5B | $3.1B | $2.6B | $2.5B | $2.2B | $2.2B |
| Net debt | $908M | $498M | $149M | $329M | $198M | $446M | $1.1B | $1.3B | -$80M | $289M |
Cash flow
Fiscal years, from Advance Auto Parts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $523M | $601M | $811M | $867M | $970M | $1.1B | $737M | $287M | $85M | -$46M |
| Capital spending | $273M | $201M | $207M | $299M | $326M | $353M | $440M | $226M | $181M | $252M |
| Free cash flow | $251M | $400M | $604M | $568M | $644M | $754M | $296M | $61M | -$96M | -$298M |
| Stock-based compensation | $20M | $35M | $28M | $37M | $45M | $63M | $46M | $41M | $42M | $36M |
| Dividends paid | $18M | $18M | $18M | $17M | $56M | $161M | $336M | $209M | $60M | $60M |
| Share buybacks (net) | -$18M | -$6M | -$281M | -$498M | -$470M | -$906M | -$618M | -$15M | -$7M | — |
| Net borrowing | — | — | $0 | $0 | $847M | $0 | $349M | $599M | $0 | $1.6B |
| Free cash flow margin | 2.6% | 4.3% | 6.3% | 5.8% | 6.4% | 6.9% | 3.2% | 0.7% | -1.1% | -3.5% |
| Dividends per share | $0.24 | $0.24 | $0.24 | $0.24 | $0.82 | $2.49 | $5.54 | $3.51 | $1.00 | $0.99 |
Questions
What was Advance Auto Parts's revenue in 2025?
$8.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Advance Auto Parts generate?
-$298M in fiscal 2025 (operating cash flow minus capital spending).
From Advance Auto Parts's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.