AZO vs MUSA
AutoZone Inc. and Murphy USA Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AZO | MUSA |
|---|---|---|
| Revenue | $18.9B | $19.4B |
| Net income | $2.5B | $470.6M |
| Gross margin | 52.6% | · |
| Net margin | 13.2% | 2.8% |
| Return on equity | · | 64.3% |
| Diluted EPS | $144.87 | $24.10 |
| Dividend / share | · | $2.15 |
| Payout ratio | · | 8.8% |
| Free cash flow | $1.8B | $374.3M |
| Equity | $-3.4B | $623.5M |
| Net debt / equity | · | 3.42× |
| Current ratio | 0.88× | 0.80× |
| Revenue CAGR 5y | 8.4% | 11.5% |
| Profit CAGR 5y | 7.6% | 4.0% |
AZO and MUSA book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (13.2% against 2.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AZO | MUSA |
|---|---|---|
| FY2025 | $18.9B | $19.4B |
| FY2024 | $18.5B | $20.2B |
| FY2023 | $17.5B | $21.5B |
| FY2022 | $16.3B | $23.4B |
| FY2021 | $14.6B | $17.4B |
| FY2020 | $12.6B | $11.3B |
| FY2019 | $11.9B | $14.0B |
| FY2018 | $11.2B | $14.4B |
| FY2017 | $10.9B | $12.8B |
| FY2016 | $10.6B | $11.6B |
Bottom line
| Fiscal year | AZO | MUSA |
|---|---|---|
| FY2025 | $2.5B | $470.6M |
| FY2024 | $2.7B | $502.5M |
| FY2023 | $2.5B | $556.8M |
| FY2022 | $2.4B | $672.9M |
| FY2021 | $2.2B | $396.9M |
| FY2020 | $1.7B | $386.1M |
| FY2019 | $1.6B | $154.8M |
| FY2018 | $1.3B | $213.6M |
| FY2017 | $1.3B | $245.3M |
| FY2016 | $1.2B | $221.5M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$445,283,000 | MUSA |
| FY2024 | −$1,754,032,000 | MUSA |
| FY2023 | −$4,072,191,000 | MUSA |
| FY2022 | −$7,193,870,000 | MUSA |
| FY2021 | −$2,730,915,000 | MUSA |
| FY2020 | +$1,367,667,000 | AZO |
| FY2019 | −$2,170,857,000 | MUSA |
| FY2018 | −$3,141,823,000 | MUSA |
| FY2017 | −$1,937,924,000 | MUSA |
| FY2016 | −$958,924,000 | MUSA |
| FY2015 | −$2,512,071,000 | MUSA |
| FY2014 | −$7,510,701,000 | MUSA |
| FY2013 | −$8,666,551,000 | MUSA |
| FY2012 | −$10,697,445,000 | MUSA |
| FY2011 | −$10,846,243,000 | MUSA |
The higher-revenue side has changed between AZO and MUSA over this period. The gap has narrowed since the earliest year compared.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +10.4 pp | AZO |
| FY2024 | +11.6 pp | AZO |
| FY2023 | +11.6 pp | AZO |
| FY2022 | +11.8 pp | AZO |
| FY2021 | +12.2 pp | AZO |
| FY2020 | +9.7 pp | AZO |
| FY2019 | +12.4 pp | AZO |
| FY2018 | +10.2 pp | AZO |
| FY2017 | +9.5 pp | AZO |
| FY2016 | +9.4 pp | AZO |
| FY2015 | +9.7 pp | AZO |
AZO has kept the higher net margin in every one of these 11 fiscal years.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AZO's net margin has been more volatile than MUSA's over the 11 comparable fiscal years — 1.3 percentage points of standard deviation against 0.7.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AZO led in net margin in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.