Consumer Discretionary · Automotive Retail · US stock · price as of 16 Oct 2026
Key indicators
Price
$89.27
52-week range
$82.59 – $102.71
Market cap
$74.0B
P/E (trailing)
28.5×
EV / EBITDA
19.4×
Free-cash-flow yield
2.9%
Dividend yield
–
Revenue (last 12 months)
$18.6B
Revenue growth (3y a year)
7.3%
Operating margin
19.6%
Return on invested capital
57.6%
Net debt / EBITDA
1.6×
Fair value
Blended fair value$99.98 range $88 – $107
Versus priceFair+12% to fair value
Peer multiples
$64.43
Fundamentals-adjusted multiple
$93.09
10-year DCF (market-scaled)
$142.41
Earnings power value (floor, not blended)
$36.22
Model uncertainty
Medium
X-Ray Score
47/ 100 · High confidence · ahead of 34% of sector peers
Valuation31
Growth42
Profitability67
Financial health46
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
As a specialty retailer, O'Reilly Automotive supplies replacement parts, tools, accessories and maintenance items for cars and light trucks across the United States. Its customers are do-it-yourself vehicle owners and professional repair shops, and it serves both from a network of stores supported by regional distribution centres. A dedicated sales team calls on professional customers, while shoppers can also order through the company's website.
Revenue comes from parts and accessory sales through the stores, to both everyday drivers and repair businesses. Over the last twelve months it reached $18.6 billion, and it has grown at 7.3% a year across the last three years. The operating margin is 19.6%, and the business earns a profit of 58% on the capital invested in it. It carries net debt of 1.6 times EBITDA and does not pay a dividend.
StocksXray gives O Reilly Automotive Inc an X-Ray Score of 47 out of 100 (high confidence), ahead of 34% of the S&P 500 stocks in its sector. Its strongest lens is profitability (67) and its weakest is valuation (31).
Our fair value blend is $99.98 (range $87.55 to $107.19). At $89.27 the stock trades 11% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
O Reilly Automotive Inc (ORLY)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$47.08
$56.27
$63.34
$79.05
$91.21
$89.27
Market cap
$3.3B
$3.7B
$58.0B
$69.6B
$78.1B
$74.0B
P/E
1.5×
1.7×
24.7×
29.2×
30.7×
28.5×
EV / revenue
0.5×
0.5×
4.0×
4.5×
4.7×
4.3×
EV / EBITDA
2.1×
2.4×
17.6×
20.2×
21.1×
19.4×
Price / free cash flow
1.2×
1.4×
28.6×
34.4×
49.0×
34.3×
Free-cash-flow yield
84.4%
70.7%
3.5%
2.9%
2.0%
2.9%
Price / book
–
–
–
–
–
–
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 4 Good · ● 5 Average · ● 7 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.7%Bad
Free-cash-flow yield2.9%Bad
Risk models
Altman Z score-0.2×Bad
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−55.4%Bad
Free-cash-flow growth (3y)−14.9%Bad
Revenue growth (3y)7.3%Average
Growth consistency100%Good
Balance sheet
Current ratio0.8×Bad
Net debt / EBITDA1.6×Average
Interest cover14.4×Average
Valuation
Fair value vs price1.1×Average
EBIT / EV yield4.5%Bad
Profitability
Return on invested capital57.6%Good
Operating margin19.6%Good
Gross profitability55.1%Average
Red flags
Negative equity — Book equity is negative
XStocksXray
O Reilly Automotive Inc (ORLY)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
13,328
14,410
15,812
16,708
17,782
18,573
Gross profit
7,020
7,382
8,105
8,554
9,174
9,590
Operating income
2,917
2,954
3,186
3,251
3,461
3,632
Net income
2,165
2,173
2,347
2,387
2,538
2,650
Diluted EPS ($)
31.10
33.44
2.56
2.71
2.97
3.14
Free cash flow
2,764
2,585
2,028
2,026
1,593
2,156
Gross margin
52.7%
51.2%
51.3%
51.2%
51.6%
51.6%
Operating margin
21.9%
20.5%
20.2%
19.5%
19.5%
19.6%
Net margin
16.2%
15.1%
14.8%
14.3%
14.3%
14.3%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
11,719
12,628
13,873
14,894
16,538
17,389
Cash
362
109
279
130
194
262
Total debt
3,827
4,372
5,570
5,521
6,017
7,015
Equity
-66
-1,061
-1,739
-1,371
-763
-1,836
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.