Advance Auto Parts vs O'Reilly Automotive
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The short version
- O'Reilly Automotive is the larger business, with $17.8B of revenue in fiscal 2025 against $8.6B for Advance Auto Parts, about 2.1 times as much.
- O'Reilly Automotive grew revenue faster (6.4%, against −5.4%).
- O'Reilly Automotive kept more of each dollar of sales as operating profit (19.5% operating margin, against −0.5%).
- O'Reilly Automotive turned more of its sales into free cash flow (9.0% FCF margin, against −3.5%).
- O'Reilly Automotive earned a higher return on the capital invested in it (59.7%, against −1.5%).
- Investors pay more for each dollar of Advance Auto Parts’s earnings: a P/E of 34.2x against 28.5x for O'Reilly Automotive.
| Latest fiscal year | AAP · FY25 | ORLY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.9B | $74.5B |
| Revenue | $8.6B | $17.8B |
| Free cash flow | −$298M | $1.6B |
| Net income | $44.0M | $2.5B |
| Growth | ||
| Revenue growth | −5.4% | 6.4% |
| 5-year growth | −3.2% | 8.9% |
| Share count change | 1.2% | −2.8% |
| Profitability | ||
| Gross margin | 43.4% | 51.6% |
| Operating margin | −0.5% | 19.5% |
| Net margin | 0.5% | 14.3% |
| FCF margin | −3.5% | 9.0% |
| Return on capital | −1.5% | 59.7% |
| Return on equity | 2.0% | — |
| Balance sheet | ||
| Net debt | $289M | $5.8B |
| Net debt / EBITDA | 1.3x | 1.5x |
| Dividends and buybacks | $60.0M | $2.1B |
| Valuation & quality | ||
| P/E | 34.2x | 28.5x |
| Piotroski F-score | 5 | 7 |
Revenue
FY16
AAP $9.6B
ORLY $8.6B
FY17
AAP $9.4B
ORLY $9.0B
FY18
AAP $9.6B
ORLY $9.5B
FY19
AAP $9.7B
ORLY $10.2B
FY20
AAP $10.1B
ORLY $11.6B
FY21
AAP $11.0B
ORLY $13.3B
FY22
AAP $9.1B
ORLY $14.4B
FY23
AAP $9.2B
ORLY $15.8B
FY24
AAP $9.1B
ORLY $16.7B
FY25
AAP $8.6B
ORLY $17.8B
AAP
ORLY
Operating margin
FY16
AAP 8.2%
ORLY 19.8%
FY17
AAP 6.1%
ORLY 19.2%
FY18
AAP 6.3%
ORLY 19.0%
FY19
AAP 7.0%
ORLY 18.9%
FY20
AAP 7.4%
ORLY 20.9%
FY21
AAP 7.5%
ORLY 21.9%
FY22
AAP 5.7%
ORLY 20.5%
FY23
AAP 0.4%
ORLY 20.2%
FY24
AAP −7.8%
ORLY 19.5%
FY25
AAP −0.5%
ORLY 19.5%
AAP
ORLY
Free cash flow
FY16
AAP $264M
ORLY $1.0B
FY17
AAP $411M
ORLY $938M
FY18
AAP $617M
ORLY $1.2B
FY19
AAP $597M
ORLY $1.1B
FY20
AAP $702M
ORLY $2.4B
FY21
AAP $817M
ORLY $2.8B
FY22
AAP $338M
ORLY $2.6B
FY23
AAP $61.0M
ORLY $2.0B
FY24
AAP −$96.0M
ORLY $2.0B
FY25
AAP −$298M
ORLY $1.6B
AAP
ORLY
Return on capital
FY16
AAP 13.2%
ORLY 32.5%
FY17
AAP 13.5%
ORLY 34.3%
FY18
AAP 12.1%
ORLY 38.8%
FY19
AAP 13.6%
ORLY 37.4%
FY20
AAP 14.9%
ORLY 46.5%
FY21
AAP 17.3%
ORLY 63.1%
FY22
AAP 11.4%
ORLY 69.5%
FY23
AAP 0.8%
ORLY 73.7%
FY24
AAP −19.1%
ORLY 67.3%
FY25
AAP −1.5%
ORLY 59.7%
AAP
ORLY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.