Stock Analysis on Net
Stock Analysis on Net

O’Reilly Automotive Inc. (NASDAQ:ORLY)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

O’Reilly Automotive Inc., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income1 ÷ Total assets1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
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Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
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Dec 31, 2008 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Net Income
The net income has demonstrated a consistent upward trend throughout the period. Starting at approximately $164 million in 2005, it rose steadily to over $2.16 billion by 2021. Notably, there was a significant increase between 2008 and 2009, where net income jumped from around $186 million to over $307 million. The growth trajectory remained positive with only modest fluctuations, reflecting strong profitability growth over the years.
Total Assets
Total assets also increased substantially, beginning at roughly $1.71 billion in 2005 and reaching approximately $11.72 billion by 2021. The most pronounced asset growth occurred in 2008, where total assets nearly doubled from $2.28 billion in 2007 to over $4.19 billion. This sharp increase may indicate a major acquisition, investment, or expansion. From 2009 onward, asset growth continued but at a more moderate and steady pace, reflecting sustained investment in company resources.
Return on Assets (ROA)
ROA exhibited some variability earlier in the timeline but generally shows an improving trend. Starting from 9.58% in 2005, it decreased to a low of 4.44% in 2008, corresponding with the sharp increase in total assets that year, which likely diluted returns temporarily. Subsequently, ROA increased steadily, reaching 18.47% by 2021. This suggests improving efficiency in asset utilization to generate profits over the long term, with heightened effectiveness particularly apparent after 2013.
Overall Analysis
The company's financial performance over the examined period reveals a strong growth trend in net income and total assets, coupled with improved asset efficiency as indicated by rising ROA. The temporary dip in ROA around 2008 corresponds with a rapid expansion in assets, implying a phase of investment or acquisition that initially impacted profitability relative to assets. Over time, however, the return on assets improved significantly, suggesting successful integration and utilization of assets to drive earnings. The consistent increase in net income demonstrates robust profitability growth alongside asset base expansion.

Comparison to Competitors

O’Reilly Automotive Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel
O’Reilly Automotive Inc. Amazon.com Inc. Home Depot Inc. Lowe’s Cos. Inc. TJX Cos. Inc.
Dec 31, 2021
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Dec 31, 2019
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Dec 31, 2016
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Dec 31, 2014
Dec 31, 2013
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Dec 31, 2005

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Consumer Discretionary Distribution & Retail)

O’Reilly Automotive Inc., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel
O’Reilly Automotive Inc. Consumer Discretionary Distribution & Retail
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Discretionary)

O’Reilly Automotive Inc., ROA, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel
O’Reilly Automotive Inc. Consumer Discretionary
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).