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Advance Auto Parts, Inc. provides automotive aftermarket parts. The company offers batteries and battery accessories; belts and hoses; brakes and brake pads; chassis parts; climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also provides air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluid; electrical wire and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors, and exterior accessories; washes, waxes, and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oil; oil filters; part cleaners and treatments; and transmission fluid. Further, it provides battery and wiper installation; engine light scanning; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. The company serves professional installers and do-it-yourself customers. It operates stores and independently owned branded stores in the United States, Canada, Puerto Rico, the U.S. Virgin Islands, Mexico, and various Caribbean islands primarily under the Advance Auto Parts and Carquest trade brands. The company also offers its products online. The company was founded in 1929 and is based in Raleigh, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.6B | $320M | $44M | $-298M | 2.0% | -5.4% | -113.1% |
| 2024 | $9.1B | $-395M | $-336M | $-96M | -15.5% | -1.2% | -1220.0% |
| 2023 | $9.2B | $310M | $30M | $61M | 1.2% | 0.7% | -93.5% |
| 2022 | $9.1B | $759M | $464M | $336M | 17.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,148.87 | 9,209 | 9,094 | 8,601 |
| Operating Revenue | - | 9,148.87 | 9,209 | 9,094 | 8,601 |
| Cost Of Revenue | - | 4,916 | 5,349 | 5,685 | 4,868 |
| Gross Profit | - | 4,232.87 | 3,860 | 3,409 | 3,733 |
| Operating Expense | - | 3,708.25 | 3,805 | 3,813 | 3,572 |
| Selling General And Administration | - | 3,708.25 | 3,805 | 3,813 | 3,572 |
| Total Expenses | - | 8,624.26 | 9,154 | 9,498 | 8,440 |
| Operating Income | - | 524.62 | 55 | -404 | 161 |
| Total Operating Income As Reported | - | 524.62 | 39 | -713 | -43 |
| EBITDA | - | 759.36 | 310 | -395 | 320 |
| Normalized EBITDA | - | 766.77 | 326 | -86 | 524 |
| EBIT | - | 511.03 | 41 | -687 | 48 |
| Interest Expense | - | 50.84 | 88 | 81 | 139 |
| Net Interest Income | - | -50.84 | -88 | -81 | -139 |
| Other Non Operating Income Expenses | - | -6.18 | 2 | 26 | 91 |
| Other Income Expense | - | -13.58 | -14 | -283 | -113 |
| Interest Expense Non Operating | - | 50.84 | 88 | 81 | 139 |
| Net Non Operating Interest Income Expense | - | -50.84 | -88 | -81 | -139 |
| Pretax Income | - | 460.19 | -47 | -768 | -91 |
| Tax Provision | - | 99.66 | -17 | -181 | -159 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.60 | -5.79 | -72.82 | -81.60 |
| Net Income Continuous Operations | - | 360.54 | -30 | -587 | 68 |
| Net Income From Continuing And Discontinued Operation | - | 464.40 | 30 | -336 | 44 |
| Net Income From Continuing Operation Net Minority Interest | - | 360.54 | -30 | -587 | 68 |
| Net Income | - | 464.40 | 30 | -336 | 44 |
| Net Income Common Stockholders | - | 464.40 | 30 | -336 | 44 |
| Net Income Including Noncontrolling Interests | - | 464.40 | 30 | -336 | 44 |
| Normalized Income | - | 366.34 | -19.79 | -350.82 | 190.40 |
| Diluted NI Availto Com Stockholders | - | 464.40 | 30 | -336 | 44 |
| Basic Average Shares | - | 60.35 | 59.43 | 59.65 | 59.90 |
| Diluted Average Shares | - | 60.72 | 59.61 | 59.90 | 60.60 |
| Reconciled Depreciation | - | 248.33 | 269 | 292 | 272 |
| Reconciled Cost Of Revenue | - | 4,916 | 5,349 | 5,685 | 4,868 |
| Total Unusual Items | - | -7.41 | -16 | -309 | -204 |
| Total Unusual Items Excluding Goodwill | - | -7.41 | -16 | -309 | -204 |
| Net Income Discontinuous Operations | - | 103.87 | 60 | 251 | -24 |
| Special Income Charges | - | -7.41 | -16 | -309 | -204 |
| Other Special Charges | - | 7.41 | - | - | - |
| Restructuring And Mergern Acquisition | - | - | 16 | 309 | 204 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Advance Auto Parts, Inc.this co. | AAP | $3.4B | 76.63↑ premium | 1.53 | 2.0% | 17.10 |
| Group 1 Automotive, Inc. | GPI | $3.6B | 11.17 | 1.30 | 11.7% | 11.07 |
| M/I Homes, Inc. | MHO | $3.6B | 8.85 | 1.13 | 12.7% | 6.84 |
| Versigent PLC | VGNT | $3.6B | 7.23 | 2.16 | 29.8% | 3.93 |
| Asbury Automotive Group, Inc. | ABG | $3.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.20 |
| 0.91 |
| 12.6% |
| 9.38 |
| Signet Jewelers Limited | SIG | $3.4B | 11.60 | 1.74 | 15.0% | 5.67 |
| Academy Sports and Outdoors, Inc. | ASO | $3.3B | 8.75 | 1.52 | 17.4% | 7.53 |
| Steven Madden, Ltd. | SHOO | $3.2B | 72.72 | 3.75 | 5.2% | 29.33 |
| The Cheesecake Factory Incorporated | CAKE | $3.2B | 21.37 | 7.27 | 34.0% | 18.01 |
| Peer Median | - | 10.01 | 1.63 | 13.8% | 8.46 | |