ORLYO REILLY AUTOMOTIVE INC

Retail-Auto & Home Supply Stores

Revenue: $17.8B; 6.4% YoY
Operating margin: 19.5%; 0.0% YoY
EBITDA: $4.0B; 7.0% YoY
Market cap: $71.9B
Employees: 92,923; $191K revenue each
Net debt / EBITDA: 0.4×; $1.6B net debt
AI in 10-K: 0.4; mentions per 10K words

Takeover score 3 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
109% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
76% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
5% of assets
Over 40% of assets
Shareholder dissentNo
92% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeYes
$191K · 8th pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.4 per 10K words · 17th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.4× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$71.9B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$12M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$13.3B	$14.4B	$15.8B	$16.7B	$17.8B	6.4%
Operating income	$2.9B	$3.0B	$3.2B	$3.3B	$3.5B	6.4%
Net income	$2.2B	$2.2B	$2.3B	$2.4B	$2.5B	6.3%
Operating cash flow	$3.2B	$3.1B	$3.0B	$3.0B	$2.8B	9.4%
Capex	$443M	$563M	$1.0B	$1.0B	$1.2B	14%
Stock-based comp	$25M	$26M	$28M	$29M	$35M	21%
Buybacks	$2.5B	$3.3B	$3.2B	$2.1B	$2.1B	1.0%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $12M · 13
Net: −$12M

Pay vs performance

No pay-versus-performance disclosure yet.