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O'Reilly Automotive (ORLY) stock

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NASDAQ: ORLY Nasdaq Automotive Retail Next results ~February 3, 2027

B+ Fundamentals grade

O'Reilly Automotive is a US-listed company in the automotive retail industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$55

Cash-flow model

Base case. Range ~$39–$75 across our lower- and higher-growth cases (2.7%–12.7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 39% below it.

Price used: $90.70, November 2, 2026

O'Reilly Automotive valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter O'Reilly Automotive files

Where O'Reilly Automotive stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $18.6bn, up 8.5% on a year earlier, faster than 7.9% a quarter earlier. Free-cash-flow margin rose to 11.6% from 10.3% a year earlier. The diluted share count is down 6.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 4 financial-health checks. Our cash-flow model value is $49.74 a share, against a share price of $89.88. At that price, our model says the market is pricing in about 17.2% a year of cash-flow growth for five years, faster than the 6.9% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 3, 2027 (estimated)

O'Reilly Automotive's trailing-twelve-month revenue grew 8.5% year on year, with a free-cash-flow margin of 11.6%. Where it stands out: operating margin of 19.6% ranks 1 of 21 automotive retail companies we cover.

Our discounted-cash-flow model values the business at ~$55 per share in the base case (~$39–$75 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 8.5% (+0.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 6.5% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $90.70 is 39% above our value per share of $55.
  • Insiders selling. 8 insiders sold $12M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 40.3% ranks 15 of 19 automotive retail companies we cover (median 28.4%).

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.97 against an average estimate of $0.93: beat by 4.7%
Revenue
$4.89bn, up 8.1% on a year earlier
Share reaction
-1.9% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
net, new store openings 225 to 235 (full-year 2026); comparable store sales 4% to 6% (full-year 2026)
Next report
October 28, 2026; average EPS estimate $0.78

O'Reilly Automotive's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week-0.4%
  • 1 month+6.8%
  • This year-0.6%
  • 1 year-4.0%
  • 5 years+118.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18.6B
Operating margin
19.6%
Net margin
14.3%
EPS (TTM, diluted)
$3.14

Growth

Revenue growth
+8.5%
Change in growth rate
+0.5 pts

Cash

Free cash flow (TTM)
$2.2B
FCF margin
11.6%
Stock pay % of revenue
0.2%

Earnings

Last results
October 28, 2026
Next results (est.)
February 3, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Agreement
  4. Agreement
  5. Results
  6. Guidance
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

O'Reilly Automotive valuation models and calculator

What the price is pricing in

The share price implies about 15.2% a year of cash-flow growth for five years.That is faster than the 6.9% a year revenue growth O'Reilly Automotive has delivered.

  • Priced in15.2%
  • Last 12 months8.5%
  • 3 years a year6.9%
  • 5 years a year6.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($89.72, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$55
Price used
$89.72close November 3, 2026
Implied change
▼ 39%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of O'Reilly Automotive's free cash flow after stock-based pay with after-tax interest added back ($2.3B, FY2026 Q2 TTM), growing 6.7% and 7.1% in the next two years (forecasts, guidance and its record), then back to 7.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$39–~$75 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of O'Reilly Automotive's free cash flow after stock-based pay ( $2.3B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value O'Reilly Automotive as an operating company, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$55 ~$39–$75 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$44 ~$30–$63 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$51 ~$44–$55 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare O'Reilly Automotive with Automotive Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ +13%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $32$47$66$91$124$167
8.5% $23$33$47$65$89$119
10% $17$25$36$50$67$90

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$16.89$18.56$16.04$22.96$29.22$30.17$47.08$56.27$63.34$79.05$91.21$90.70
Market value$25.7bn$26.9bn$21.5bn$28.3bn$34.1bn$33.7bn$49.2bn$54.8bn$58.0bn$69.6bn$78.1bn$76.5bn
+ Net debt (− = net cash)$1.3bn$1.8bn$2.9bn$3.4bn$3.9bn$3.7bn$3.5bn$4.3bn$5.3bn$5.4bn$5.8bn$6.8bn
Enterprise value$27.0bn$28.7bn$24.5bn$31.7bn$38.0bn$37.4bn$52.6bn$59.1bn$63.3bn$75.0bn$83.9bn$83.2bn
Multiples
Price / sales 3.2x3.1x2.4x3.0x3.4x2.9x3.7x3.8x3.7x4.2x4.4x4.1x
Price / earnings 27.6x25.9x19.0x21.4x24.5x19.2x22.7x25.2x24.7x29.2x30.8x28.9x
Price / free cash flow 27.6x26.0x23.0x23.2x31.6x14.2x17.8x21.2x28.6x34.4x49.0x35.5x
EV / EBITDA 15.7x15.0x12.5x15.3x17.3x13.7x16.2x17.8x17.6x20.2x21.1x20.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

85 /100

Strong moat

How hard O'Reilly Automotive's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 21.9% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 52.3%, moving by 0.7 percentage points (standard deviation) across 10 years.

  • Durability 16 / 20

    Operating margin has been a median 19.7%; its worst year was 18.9%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 29.7% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (90 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.30 +11% $19.2bn +8%
Next $3.66 +11% $20.4bn +6%

Next year's EPS estimate has moved +0.3% in 90 days, across 20 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.8% on 90 days ago. In the last 30 days, 2 analysts raised O'Reilly Automotive's forecast and 0 cut it.

Consensus EPS forecast O'Reilly Automotive, last 90 days
$3.20 $3.30 $3.40 $3.50 $3.60 $3.70 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.28 Current fiscal year, 60 days ago: $3.28 Current fiscal year, 30 days ago: $3.28 Current fiscal year, 7 days ago: $3.28 Current fiscal year, Now: $3.30 $3.30 Next fiscal year, 90 days ago: $3.65 Next fiscal year, 60 days ago: $3.65 Next fiscal year, 30 days ago: $3.65 Next fiscal year, 7 days ago: $3.65 Next fiscal year, Now: $3.66 $3.66

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.28$3.65
60 days ago $3.28$3.65
30 days ago $3.28$3.65
7 days ago $3.28$3.65
Now $3.30$3.66

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.93 $0.97 +4.7%
Jun 2026 $0.86 $0.86 +0.2%
Mar 2026 $0.70 $0.72 +3.4%
Dec 2025 $0.72 $0.71 −1.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 29, 2026
  • Total revenue full-year 2026 $18.9bn to $19.2bn
    “Total revenue $18.9 billion to $19.2 billion” source
  • Diluted earnings per share full-year 2026 $3.20 to $3.30
    “Diluted earnings per share (1) $3.20 to $3.30” source
  • Gross profit as a percentage of sales full-year 2026 51.5% to 52%
    “Gross profit as a percentage of sales 51.5% to 52.0%” source
  • Operating income as a percentage of sales full-year 2026 19.3% to 19.8%
    “Operating income as a percentage of sales 19.3% to 19.8%” source
  • Net, new store openings full-year 2026 225 to 235
    “Net, new store openings 225 to 235” source
  • Comparable store sales full-year 2026 4% to 6% Raised
    “Comparable store sales 4.0% to 6.0%” source
Show 4 more items
  • Effective income tax rate full-year 2026 about 22.5%
    “Effective income tax rate 22.5%” source
  • Net cash provided by operating activities full-year 2026 $3.1bn to $3.5bn
    “Net cash provided by operating activities $3.1 billion to $3.5 billion” source
  • Capital expenditures full-year 2026 $1.3bn to $1.4bn
    “Capital expenditures $1.3 billion to $1.4 billion” source
  • Free cash flow full-year 2026 $1.8bn to $2.1bn Non-GAAP
    “Free cash flow (2) $1.8 billion to $2.1 billion” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows O'Reilly Automotive's revenue by +6.7% next year and +7.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.6%, weight 56%) , management guidance (+5.8%, weight 19%) and the company's own record (+7.7%, weight 25%) . How the weights are set.

Analyst recommendations

29 analysts, Oct 2026
Buy2379%
Hold621%
Sell00%

Monthly trend

  1. Oct 2026518629
  2. Sep 2026518629
  3. Aug 2026518528
  4. Jul 2026518528

Counts of recommendations published by analysts covering O'Reilly Automotive, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
3.59
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
91%
of shares
Held by insiders
0.5%
of shares
Employees
96,820
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.0%

$94.44 on October 31, 2025 to $90.70

ThenNowEffect
Revenue (last 12 months) $17.1bn $18.6bn +8.5%
Net margin 14.2% 14.3% +0.8%
P/E multiple 33.9x 28.9x −15.0%
Share count 871m 843m +3.3%

Biggest factor: p/e multiple.

Last 3 years +42.8%

$63.52 on November 3, 2023 to $90.70

ThenNowEffect
Revenue (last 12 months) $15.2bn $18.6bn +22.0%
Net margin 14.8% 14.3% −3.8%
P/E multiple 26.4x 28.9x +9.1%
Share count 940m 843m +11.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ORLY+56%+20%+13%+25%+15%−1%
Industry peers (median)+38%−25%+21%−3%−17%−10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ORLY75%50%58%75%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ORLY−14%−23%−10%−18%−16%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 42% from November 18, 2019 to March 23, 2020. Getting back needed a 72% gain, reached on July 22, 2020, 121 days after the low.

Price behaviour

52-week range
$82.73 – $101.70
From 52-week high
−10.8%
vs 50-day average
+4.0%
vs 200-day average
+0.2%
Volatility (1 year)
26%
Beta vs S&P 500
0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±3.3%
After a week
5 up, 6 down
typical move ±3.8%
After a month
3 up, 8 down
typical move ±4.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −1.9% 0.0% — —
July 29, 2026 −4.2% +0.1% +2.5% −3.7%
April 29, 2026 +8.6% +1.0% +3.5% −5.1%
February 4, 2026 −4.4% −1.7% −3.1% −2.6%
October 22, 2025 −3.0% +0.1% −6.7% −2.3%
July 23, 2025 +2.9% +0.9% +4.2% +7.9%
April 23, 2025 −3.0% +3.7% +1.6% −2.1%
February 5, 2025 −0.3% +0.8% −0.7% −1.1%
October 23, 2024 −0.5% −0.7% −3.6% −0.1%
July 24, 2024 +4.2% −2.8% +7.4% +7.5%
April 24, 2024 −3.5% −0.4% −8.0% −10.7%
February 7, 2024 −3.0% +0.9% −0.2% +3.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How O'Reilly Automotive’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look rich

Option prices imply clearly more movement than the shares have shown. That strengthens the case for selling options.

  • Implied is 1.36× the last 60 days’ realised volatility , richer than 80% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is 1.36x 60-day realised, above 1-year realised, and in the top 20% of our coverage today.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

ORLY O'Reilly Automotive Grade B+ $90.58

Own 100 shares, sell the $97.50 call expiring December 18, 2026 (46 days) for $0.95 a share — $95.00 per contract.

Previous session · Bid $0.95, ask $1.25, quoted Mon 2 Nov, 17:32 New York time with ORLY at $90.58. Option prices move with the shares: check the live chain at your broker before trading.

  • If ORLY ends below $97.50: you keep your shares and the $95.00 — 1.1% extra on the position, 8.3% a year at that pace.
  • If it ends above $97.50: your shares are sold at $97.50, a total return of 8.7% including the premium — at or above our value of ~$55.
$787 $0 −$1.8k Break-even $89.63 Price $90.58 ← Our value ~$55
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$95.00
Annualised
8.3%
Break-even
$89.63
Max gain
$787
Chance of selling
~26%

Collar

Own the shares, buy the $90.00 put and sell the $97.50 call, both expiring December 18, 2026 (46 days).

  • Net cost of $2.35 a share ($235 per contract of 100 shares).
  • Worst case at expiry: -3.2%, if the shares fall below $90.00 (-0.6% from today).
  • Best case at expiry: +5.0%, if the shares rise above $97.50 (+7.6%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $55.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

O'Reilly Automotive in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) O'Reilly Automotive
$15B $16B $17B $18B $19B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $15.6B Revenue (TTM), FY23 Q4: $15.8B Revenue (TTM), FY24 Q1: $16.1B Revenue (TTM), FY24 Q2: $16.3B Revenue (TTM), FY24 Q3: $16.4B Revenue (TTM), FY24 Q4: $16.7B Revenue (TTM), FY25 Q1: $16.9B Revenue (TTM), FY25 Q2: $17.1B Revenue (TTM), FY25 Q3: $17.5B Revenue (TTM), FY25 Q4: $17.8B Revenue (TTM), FY26 Q1: $18.2B Revenue (TTM), FY26 Q2: $18.6B $18.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $15.6B
FY23 Q4 $15.8B
FY24 Q1 $16.1B
FY24 Q2 $16.3B
FY24 Q3 $16.4B
FY24 Q4 $16.7B
FY25 Q1 $16.9B
FY25 Q2 $17.1B
FY25 Q3 $17.5B
FY25 Q4 $17.8B
FY26 Q1 $18.2B
FY26 Q2 $18.6B
Revenue growth, TTM YoY O'Reilly Automotive
4% 6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 11.2% Revenue growth, TTM YoY, FY23 Q4: 9.7% Revenue growth, TTM YoY, FY24 Q1: 8.5% Revenue growth, TTM YoY, FY24 Q2: 7.0% Revenue growth, TTM YoY, FY24 Q3: 5.2% Revenue growth, TTM YoY, FY24 Q4: 5.7% Revenue growth, TTM YoY, FY25 Q1: 4.9% Revenue growth, TTM YoY, FY25 Q2: 5.1% Revenue growth, TTM YoY, FY25 Q3: 6.2% Revenue growth, TTM YoY, FY25 Q4: 6.4% Revenue growth, TTM YoY, FY26 Q1: 7.9% Revenue growth, TTM YoY, FY26 Q2: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 11.2%
FY23 Q4 9.7%
FY24 Q1 8.5%
FY24 Q2 7.0%
FY24 Q3 5.2%
FY24 Q4 5.7%
FY25 Q1 4.9%
FY25 Q2 5.1%
FY25 Q3 6.2%
FY25 Q4 6.4%
FY26 Q1 7.9%
FY26 Q2 8.5%
Operating margin (TTM) O'Reilly Automotive
19% 19.5% 20% 20.5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 20.2% Operating margin (TTM), FY23 Q4: 20.2% Operating margin (TTM), FY24 Q1: 20.0% Operating margin (TTM), FY24 Q2: 19.8% Operating margin (TTM), FY24 Q3: 19.6% Operating margin (TTM), FY24 Q4: 19.5% Operating margin (TTM), FY25 Q1: 19.2% Operating margin (TTM), FY25 Q2: 19.2% Operating margin (TTM), FY25 Q3: 19.3% Operating margin (TTM), FY25 Q4: 19.5% Operating margin (TTM), FY26 Q1: 19.6% Operating margin (TTM), FY26 Q2: 19.6% 19.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 20.2%
FY23 Q4 20.2%
FY24 Q1 20.0%
FY24 Q2 19.8%
FY24 Q3 19.6%
FY24 Q4 19.5%
FY25 Q1 19.2%
FY25 Q2 19.2%
FY25 Q3 19.3%
FY25 Q4 19.5%
FY26 Q1 19.6%
FY26 Q2 19.6%
FCF margin (TTM) O'Reilly Automotive
8% 10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 15.3% FCF margin (TTM), FY23 Q4: 12.8% FCF margin (TTM), FY24 Q1: 12.4% FCF margin (TTM), FY24 Q2: 12.4% FCF margin (TTM), FY24 Q3: 11.9% FCF margin (TTM), FY24 Q4: 12.1% FCF margin (TTM), FY25 Q1: 12.1% FCF margin (TTM), FY25 Q2: 10.3% FCF margin (TTM), FY25 Q3: 8.9% FCF margin (TTM), FY25 Q4: 9.0% FCF margin (TTM), FY26 Q1: 10.5% FCF margin (TTM), FY26 Q2: 11.6% 11.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 15.3%
FY23 Q4 12.8%
FY24 Q1 12.4%
FY24 Q2 12.4%
FY24 Q3 11.9%
FY24 Q4 12.1%
FY25 Q1 12.1%
FY25 Q2 10.3%
FY25 Q3 8.9%
FY25 Q4 9.0%
FY26 Q1 10.5%
FY26 Q2 11.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar O'Reilly Automotive took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $17.8B
  2. Cost of revenue $8.6B · 48.4%
  3. Gross profit $9.2B · 51.6%
  4. Selling, general and admin $5.7B · 32.1%
  5. Operating income $3.5B · 19.5%
  6. Income tax $702M · 3.9%
  7. Interest and other $220M · 1.2%
  8. Net income $2.5B · 14.3%

Shares of revenue. Source: O'Reilly Automotive's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 4.8 5.4 5.8 6.2 6.6 7.2 8.0 8.6 9.0 9.5 10.1 11.6 13.3 14.4 15.8 16.7 17.8 18.6
Gross profit 2.3 2.6 2.8 3.1 3.4 3.7 4.2 4.5 4.7 5.0 5.4 6.1 7.0 7.4 8.1 8.6 9.2 9.6
EBITDA 0.7 0.9 1.0 1.2 1.3 1.5 1.7 1.9 2.0 2.1 2.2 2.7 3.2 3.3 3.6 3.7 4.0 4.2
Operating income 0.5 0.7 0.9 1.0 1.1 1.3 1.5 1.7 1.7 1.8 1.9 2.4 2.9 3.0 3.2 3.3 3.5 3.6
Net income 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.3 1.4 1.8 2.2 2.2 2.3 2.4 2.5 2.7
Diluted EPS $0.15 $0.20 $0.25 $0.32 $0.40 $0.49 $0.61 $0.72 $0.84 $1.07 $1.19 $1.57 $2.07 $2.23 $2.56 $2.71 $2.97 $3.14
Growth (year on year)
Revenue +35.5% +11.4% +7.2% +6.8% +7.6% +8.5% +10.4% +7.9% +4.5% +6.2% +6.4% +14.3% +14.8% +8.1% +9.7% +5.7% +6.4% +8.5%
EBITDA — +27.5% +18.1% +11.8% +11.4% +13.8% +17.7% +11.2% +2.2% +5.9% +5.7% +24.7% +18.7% +2.1% +8.5% +3.3% +7.0% +10.4%
Operating income +60.2% +32.6% +21.6% +12.8% +12.9% +15.1% +19.2% +12.2% +1.5% +5.2% +5.8% +26.0% +20.6% +1.3% +7.8% +2.0% +6.4% +10.4%
Net income +65.1% +36.4% +21.1% +15.4% +14.4% +16.1% +19.7% +11.4% +9.3% +16.8% +5.0% +26.0% +23.5% +0.4% +8.0% +1.7% +6.3% +9.4%
Diluted EPS +50.7% +32.3% +25.8% +28.0% +26.9% +21.7% +24.9% +17.0% +18.1% +27.1% +11.1% +31.6% +32.2% +7.5% +14.8% +5.9% +9.6% —
Margins
Gross margin 48.0% 48.6% 49.0% 50.1% 50.7% 51.4% 52.3% 52.5% 52.6% 52.8% 53.1% 52.4% 52.7% 51.2% 51.3% 51.2% 51.6% 51.6%
EBITDA margin 14.1% 16.2% 17.8% 18.7% 19.4% 20.3% 21.6% 22.3% 21.8% 21.7% 21.6% 23.6% 24.4% 23.0% 22.7% 22.2% 22.3% 22.5%
Operating margin 11.1% 13.2% 15.0% 15.8% 16.6% 17.6% 19.0% 19.8% 19.2% 19.0% 18.9% 20.8% 21.9% 20.5% 20.2% 19.5% 19.5% 19.6%
Net margin 6.3% 7.8% 8.8% 9.5% 10.1% 10.8% 11.7% 12.1% 12.6% 13.9% 13.7% 15.1% 16.2% 15.1% 14.8% 14.3% 14.3% 14.3%
Free-cash-flow margin −2.7% 6.3% 13.7% 15.4% 7.7% 10.5% 11.7% 12.0% 10.4% 12.8% 10.6% 20.4% 20.7% 17.9% 12.8% 12.1% 9.0% 11.6%
Cash flow
Cash from operations 0.3 0.7 1.1 1.3 0.9 1.2 1.3 1.5 1.4 1.7 1.7 2.8 3.2 3.1 3.0 3.0 2.8 3.3
Capital spending 0.4 0.4 0.3 0.3 0.4 0.4 0.4 0.5 0.5 0.5 0.6 0.5 0.4 0.6 1.0 1.0 1.2 1.1
Free cash flow −0.1 0.3 0.8 1.0 0.5 0.8 0.9 1.0 0.9 1.2 1.1 2.4 2.8 2.6 2.0 2.0 1.6 2.2
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay −0.2 0.3 0.8 0.9 0.5 0.7 0.9 1.0 0.9 1.2 1.1 2.3 2.7 2.6 2.0 2.0 1.6 2.1
Balance sheet
Cash 0.0 0.0 0.4 0.2 0.2 0.3 0.1 0.1 0.0 0.0 0.0 0.5 0.4 0.1 0.3 0.1 0.2 0.3
Total debt 0.8 0.4 0.8 1.1 1.4 1.4 1.4 1.9 3.0 3.4 3.9 4.2 3.9 4.4 5.6 5.6 6.0 7.0
Net debt (negative = net cash) 0.8 0.3 0.4 0.9 1.2 1.1 1.3 1.8 2.9 3.4 3.9 3.7 3.5 4.3 5.3 5.4 5.8 6.8
Diluted shares 2,068m 2,130m 2,055m 1,850m 1,667m 1,591m 1,523m 1,451m 1,343m 1,234m 1,167m 1,117m 1,044m 974m 915m 881m 856m 843m
Returned to shareholders
Buybacks 0.0 0.0 1.0 1.4 0.9 0.9 1.1 1.5 2.2 1.7 1.4 2.1 2.5 3.3 3.2 2.1 2.1 3.4
Total returned 0.0 0.0 1.0 1.4 0.9 0.9 1.1 1.5 2.2 1.7 1.4 2.1 2.5 3.3 3.2 2.1 2.1 3.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 4 checks passed · June 30, 2026
What it owns · $17.4bn
Short-term assets $7.2bnLonger-term assets $10.2bn
What it owes, and who funded it · $9.6bn
Short-term liabilities $9.6bnShareholders' equity $-1.8bn
  • Short-term assets cover short-term liabilities $7.2bn of assets due within a year against $9.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $262m of cash against $7.0bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $3.3bn of operating cash flow against $7.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3.6bn against $253m of interest.

From O'Reilly Automotive's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$3.4B
Returned to shareholders
156%
of free cash flow
Buybacks, last 3 fiscal years
$7.3B
Total shareholder yield
4.5%
dividends 0.0% + buybacks 4.5% of market value
Sales & admin spending
32.1%
of revenue
Days sales outstanding
9 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automotive retail
Last 12 months unless stated ORLY ABG AZO GPI SAH MUSA Median
Revenue, last 12 months $18.6bn $17.6bn $20.3bn $21.8bn $15.5bn $23.3bn $8.6bn
Revenue growth, last 12 months 8.5% −1.3% 7.4% −3.4% 2.0% 20.2% −0.8%
Revenue growth, 3-year average 6.9% 6.2% 5.2% 7.6% 2.5% 2.1% 2.1%
Revenue growth, latest quarter 8.1% −8.1% 5.6% −6.7% 0.4% 34.8% 1.2%
Gross margin 51.6% 17.1% 52.3% 15.9% 15.7% — 23.4%
Operating margin 19.6% 4.2% 18.3% 3.6% 3.2% 4.2% 3.7%
Operating margin, 3-year average 19.5% 4.7% 19.3% 4.0% 2.9% 3.9% 4.0%
Net margin 14.3% 2.7% 12.6% 1.7% 1.3% 2.9% 1.3%
Cash from operations / revenue 17.7% 4.4% 16.0% 2.2% 0.3% 4.9% 2.5%
Free-cash-flow margin 11.6% 3.9% 8.9% 1.0% 0.6% 2.9% 1.1%
Free-cash-flow margin, 3-year average 11.4% 3.6% 9.6% 1.0% 2.2% 2.3% 2.2%
Stock pay / revenue 0.2% 0.1% 0.7% 0.1% 0.2% 0.1% 0.3%
Change in share count −6.5% −5.0% −2.2% −7.7% −4.2% −6.6% −1.1%

Median of all 23 companies we cover in automotive retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 automotive retail companies
Measure Company Peer median Rank
Revenue growth Growth 8.5% -0.8% 6 of 23
Change in growth rate Growth +0.5pp -0.5pp 11 of 23
Gross margin Profitability 51.6% 27.7% 2 of 20
Operating margin Profitability 19.6% 3.7% 1 of 21
Net margin Profitability 14.3% 1.3% 1 of 23
Free-cash-flow margin Cash generation 11.6% 1.1% 2 of 23
Stock pay as % of revenue Cash generation 0.2% 0.3% 8 of 22
Long-term debt as % of assets Balance sheet 40.3% 28.4% 15 of 19
Days sales outstanding Balance sheet 9 days 9 days 6 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$65.8B
Institutions reporting
1,646
Shares held vs prior quarter
▲ 1.0%
Positions opened / closed
133 / 128

Top buyers and sellers, Q2 2026: 695 institutions bought and 808 sold ; the biggest buyer was Assenagon Asset Management S.A (+5.3M shares) and the biggest seller Wellington Management Group LLP (−5.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6B 64.6M 9.0% ▼ 0.9%
Vanguard Capital Management LLC $5B 54.2M 7.6% ▼ 1.1%
State Street Corp $3.4B 36.7M 5.1% 0.0%
Invesco Ltd. $2.5B 26.6M 3.7% ▲ 1.2%
Geode Capital Management, LLC $2.2B 24.2M 3.4% ▼ 1.6%
Vanguard Portfolio Management LLC $1.5B 15.8M 2.2% ▼ 5.1%
Morgan Stanley $1.4B 15.5M 2.2% ▲ 4.0%
Principal Financial Group Inc $1.3B 14.2M 2.0% ▼ 21.4%
FMR LLC $1.3B 13.9M 1.9% ▼ 24.3%
Norges Bank $1.3B 13.7M 1.9% —
Nuveen, LLC $1B 11.3M 1.6% ▼ 25.1%
Bank Of New York Mellon Corp $1B 11.1M 1.6% ▼ 14.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not O'Reilly Automotive's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $11.7M 13 trades by 8 insiders · 0% under pre-set plans
Net ▼ $11.7M net selling
Insider Date Trade Shares Price Value
Hendrickson Thomas Director August 28, 2026 Sell 1,000 $87.83 $87,831
Mancini Christopher Andrew SVP OF PROF SALES & STORE OPS August 12, 2026 Sell 3,000 $93.00 $279,000
Sastre Maria Director August 12, 2026 Sell 2,000 $91.85 $183,707
Hendrickson Thomas Director May 29, 2026 Sell 1,200 $88.32 $105,984
Dumas Robert Allen SVP OF EASTERN STORE OPS/SALES May 20, 2026 Sell 84,600 $92.60 $7.8M
Murphy John Raymond Director May 18, 2026 Sell 2,595 $88.67 $230,099
Beckham Brad W CEO May 8, 2026 Sell 13,635 $95.00 $1.3M
Hopper Philip M SVP OF REAL ESTATE & EXPANSION May 7, 2026 Sell 3,700 $94.60 $350,038
Sastre Maria Director February 27, 2026 Sell 1,000 $92.68 $92,681
Hopper Philip M SVP OF REAL ESTATE & EXPANSION November 26, 2025 Sell 3,500 $101.25 $354,361
Mancini Christopher Andrew SVP OF STORE OPERATIONS November 26, 2025 Sell 2,355 $101.31 $238,585
Fletcher Jeremy Adam EVP & CFO November 18, 2025 Sell 3,795 $100.00 $379,500

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 42 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 4 sales of O'Reilly Automotive shares.

  • Kevin Hern(R-OK 1):Sale (partial), $15,001 - $50,000, traded September 2, 2026, filed September 25, 2026
  • Kevin Hern(R-OK 1):Sale (partial), $15,001 - $50,000, traded August 31, 2026, filed September 25, 2026
  • Jonathan L. Jackson(D-IL 1):Sale (full), $1,001 - $15,000, traded April 24, 2026, filed May 27, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 3, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 4, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on O'Reilly Automotive was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

O'Reilly Automotive in brief

What does O'Reilly Automotive do?
O'Reilly Automotive is a US-listed company in the automotive retail industry. Its financial year ends in December.
What is O'Reilly Automotive's stock ticker?
O'Reilly Automotive trades under the ticker ORLY on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is O'Reilly Automotive's revenue, and how fast is it growing?
Over its most recent trailing twelve months, O'Reilly Automotive reported revenue of $18.6B, 8.5% higher than a year earlier, according to its SEC filings.
What is O'Reilly Automotive's free cash flow?
O'Reilly Automotive's free-cash-flow margin is 11.6% of revenue over the trailing twelve months, ranking 2 of the 23 automotive retail companies we cover.
What is O'Reilly Automotive's fair value (intrinsic value) per share?
Our discounted-cash-flow model of O'Reilly Automotive's free cash flow after stock-based pay gives ~$55 per share in the base case, and ~$39–$75 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are O'Reilly Automotive's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is O'Reilly Automotive's market cap?
On November 2, 2026, O'Reilly Automotive's market capitalisation was about $76.5B, with a price-to-earnings ratio of 28.9 and net debt of $6.8B. Market figures come from third-party market data and may be delayed.
Who are O'Reilly Automotive's competitors?
In our Automotive Retail peer group, the companies closest to O'Reilly Automotive are Asbury Automotive Group Inc, AutoZone, Group 1 Automotive Inc, Sonic Automotive Inc and Murphy USA Inc. The side-by-side comparison below sets their revenue, margins and growth against O'Reilly Automotive's.
Are insiders buying or selling O'Reilly Automotive stock?
Over the last 12 months, O'Reilly Automotive's directors and officers reported 0 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is O'Reilly Automotive's next earnings date?
Around February 3, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — O'Reilly Automotive announces its own schedule.