Monro (MNRO) Financials

$13.73 -0.47 (-3.29%)

As of 10:15 AM Eastern

Annual Income Statements for Monro

This table shows Monro's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	62	39	38
Consolidated Net Income / (Loss)	62	39	38
Net Income / (Loss) Continuing Operations	62	39	38
Total Pre-Tax Income	77	57	52
Total Operating Income	101	80	71
Total Gross Profit	482	456	452
Total Revenue	1,359	1,325	1,277
Operating Revenue	1,359	1,325	1,277
Total Cost of Revenue	877	869	825
Operating Cost of Revenue	877	869	825
Total Operating Expenses	381	376	381
Selling, General & Admin Expense	381	376	381
Total Other Income / (Expense), net	-24	-23	-20
Interest Expense	25	23	20
Other Income / (Expense), net	0.62	0.59	0.46
Income Tax Expense	16	18	14
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-0.13	-0.38	-0.66
Basic Earnings per Share	$1.82	$1.20	$1.18
Weighted Average Basic Shares Outstanding	33.53M	32.14M	30.90M
Diluted Earnings per Share	$1.81	$1.20	$1.18
Weighted Average Diluted Shares Outstanding	34.04M	32.65M	31.89M
Weighted Average Basic & Diluted Shares Outstanding	33.56M	31.42M	29.92M
Cash Dividends to Common per Share	$1.02	$1.12	$1.12

This table shows Monro's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	12	13	13	1.08	8.83	13	12	4.18	5.86	5.68	4.62
Consolidated Net Income / (Loss)	12	13	13	0.41	8.83	13	12	3.70	5.86	5.65	4.58
Net Income / (Loss) Continuing Operations	12	13	13	0.41	8.83	13	12	3.70	5.86	5.65	4.58
Total Pre-Tax Income	21	18	18	0.63	12	18	16	5.69	8.20	8.18	5.82
Total Operating Income	26	23	24	6.18	17	22	21	10	13	13	9.96
Total Gross Profit	122	117	113	104	114	115	113	110	109	106	105
Total Revenue	350	330	335	311	327	322	318	310	293	301	306
Operating Revenue	350	330	335	311	327	322	318	310	293	301	306
Total Cost of Revenue	227	213	222	207	213	207	205	200	184	195	201
Operating Cost of Revenue	227	213	222	207	213	207	205	200	184	195	201
Total Operating Expenses	96	93	90	98	97	93	91	100	96	93	95
Selling, General & Admin Expense	96	93	90	98	97	93	91	100	96	93	95
Total Other Income / (Expense), net	-5.58	-5.61	-5.85	-5.55	-5.15	-4.77	-4.98	-4.65	-5.05	-5.03	-4.15
Interest Expense	5.66	5.71	5.95	5.86	5.21	4.80	5.04	4.95	5.14	5.14	4.25
Other Income / (Expense), net	0.08	0.10	0.10	0.32	0.06	0.03	0.06	0.31	0.09	0.11	0.10
Income Tax Expense	8.19	4.75	4.96	0.22	3.37	4.72	4.23	1.99	2.33	2.53	1.24
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.10	0.10	0.10	-0.68	-	-0.09	-0.09	-	-	-0.03	-0.03
Basic Earnings per Share	$0.37	$0.40	$0.41	$0.02	$0.28	$0.40	$0.38	$0.12	$0.19	$0.18	$0.15
Weighted Average Basic Shares Outstanding	33.48M	32.20M	31.47M	32.14M	31.42M	31.43M	30.93M	30.90M	29.92M	29.93M	29.95M
Diluted Earnings per Share	$0.37	$0.40	$0.41	$0.02	$0.28	$0.40	$0.38	$0.12	$0.19	$0.18	$0.15
Weighted Average Diluted Shares Outstanding	33.99M	32.73M	31.99M	32.65M	31.95M	32.27M	32.19M	31.89M	31.22M	31.22M	31.27M
Weighted Average Basic & Diluted Shares Outstanding	32.20M	31.46M	31.40M	31.42M	31.42M	31.45M	29.90M	29.92M	29.92M	29.95M	29.95M
Cash Dividends to Common per Share	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28	$0.28

This table details how cash moves in and out of Monro's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-22	-3.06	1.68
Net Cash From Operating Activities	174	215	125
Net Cash From Continuing Operating Activities	174	215	125
Net Income / (Loss) Continuing Operations	62	39	38
Consolidated Net Income / (Loss)	62	39	38
Depreciation Expense	81	77	72
Non-Cash Adjustments To Reconcile Net Income	4.16	-0.43	5.04
Changes in Operating Assets and Liabilities, net	27	99	10
Net Cash From Investing Activities	-110	27	-1.96
Net Cash From Continuing Investing Activities	-110	27	-1.96
Purchase of Property, Plant & Equipment	-28	-39	-25
Acquisitions	-83	-6.69	0.00
Sale of Property, Plant & Equipment	1.24	7.22	2.95
Divestitures	0.00	57	21
Other Investing Activities, net	0.12	8.42	-0.03
Net Cash From Financing Activities	-86	-245	-122
Net Cash From Continuing Financing Activities	-86	-245	-122
Repayment of Debt	-220	-269	-198
Repurchase of Common Equity	0.00	-97	-44
Payment of Dividends	-35	-36	-36
Issuance of Debt	166	157	156
Other Financing Activities, net	2.14	0.73	0.02
Cash Interest Paid	24	23	20
Cash Income Taxes Paid	-12	17	5.28

This table details how cash moves in and out of Monro's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	23	-21	3.21	-8.12	10	-6.26	15	-17	12	2.19	-11
Net Cash From Operating Activities	77	43	51	44	72	27	32	-5.27	26	63	15
Net Cash From Continuing Operating Activities	77	43	51	44	72	27	32	-5.27	26	63	15
Net Income / (Loss) Continuing Operations	12	13	13	0.41	8.83	13	12	3.70	5.86	5.65	4.58
Consolidated Net Income / (Loss)	12	13	13	0.41	8.83	13	12	3.70	5.86	5.65	4.58
Depreciation Expense	20	19	19	19	18	18	18	18	18	17	17
Non-Cash Adjustments To Reconcile Net Income	-0.86	0.33	-0.41	0.51	-0.36	0.88	0.41	4.10	1.50	-1.16	-0.07
Changes in Operating Assets and Liabilities, net	45	10	19	24	45	-5.32	1.67	-31	0.53	41	-6.84
Net Cash From Investing Activities	49	-11	-2.37	-9.01	-2.63	-4.04	6.38	-1.67	-4.23	8.87	-4.53
Net Cash From Continuing Investing Activities	49	-11	-2.37	-9.01	-2.63	-4.04	6.38	-1.67	-4.23	8.87	-4.53
Purchase of Property, Plant & Equipment	-8.21	-11	-8.95	-10	-7.68	-8.03	-3.19	-6.59	-8.88	-4.92	-6.88
Sale of Property, Plant & Equipment	0.72	0.50	3.19	2.80	1.11	0.62	1.07	0.16	0.28	9.63	2.35
Other Investing Activities, net	0.00	-	4.04	4.38	3.94	-	-	-	4.37	4.15	-8.52
Net Cash From Financing Activities	-103	-53	-45	-43	-59	-29	-24	-10	-9.30	-69	-21
Net Cash From Continuing Financing Activities	-103	-53	-45	-43	-59	-29	-24	-10	-9.30	-69	-21
Repayment of Debt	-121	-48	-48	-52	-67	-42	-31	-58	-65	-91	-66
Repurchase of Common Equity	-17	-54	-26	-	-	-	-44	-	-	-	0.42
Payment of Dividends	-9.47	-9.10	-8.92	-8.92	-8.93	-8.93	-8.94	-8.71	-8.71	-8.72	-8.39
Issuance of Debt	44	58	37	18	17	23	60	56	64	31	53

This table presents Monro's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,871	1,777	1,693
Total Current Assets	246	258	253
Cash & Equivalents	7.95	4.88	6.56
Accounts Receivable	15	13	12
Inventories, net	166	147	154
Prepaid Expenses	56	93	81
Current Deferred & Refundable Income Taxes	-	-	0.00
Plant, Property, & Equipment, net	315	305	280
Total Noncurrent Assets	1,311	1,213	1,159
Noncurrent Note & Lease Receivables	268	217	181
Goodwill	777	736	736
Intangible Assets	27	17	13
Other Noncurrent Operating Assets	234	240	229
Total Liabilities & Shareholders' Equity	1,871	1,777	1,693
Total Liabilities	1,089	1,082	1,036
Total Current Liabilities	322	449	455
Short-Term Debt	42	40	38
Accounts Payable	132	262	252
Accrued Expenses	49	48	56
Current Deferred Revenue	14	15	15
Current Employee Benefit Liabilities	19	16	21
Other Current Liabilities	63	68	73
Total Noncurrent Liabilities	767	633	581
Long-Term Debt	176	105	102
Capital Lease Obligations	357	295	249
Noncurrent Deferred & Payable Income Tax Liabilities	29	31	37
Other Noncurrent Operating Liabilities	203	202	192
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	783	695	657
Total Preferred & Common Equity	783	695	657
Total Common Equity	783	695	657
Common Stock	245	251	255
Retained Earnings	651	654	655
Treasury Stock	-109	-206	-250
Accumulated Other Comprehensive Income / (Loss)	-4.49	-4.12	-3.45
Other Equity Adjustments	0.03	0.03	0.03

This table presents Monro's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	1,816	1,789	1,799	1,754	1,727	1,733	1,712	1,681	1,670
Total Current Assets	247	241	269	251	248	272	278	267	274
Cash & Equivalents	31	9.79	13	15	9.05	24	19	21	10
Accounts Receivable	12	13	13	14	14	14	12	13	12
Inventories, net	129	135	141	141	147	160	162	162	177
Prepaid Expenses	76	83	101	80	78	72	85	69	72
Current Deferred & Refundable Income Taxes	-	-	-	-	0.02	0.81	-	1.56	2.61
Plant, Property, & Equipment, net	308	308	307	300	290	285	276	273	269
Total Noncurrent Assets	1,260	1,241	1,223	1,203	1,189	1,177	1,158	1,142	1,128
Noncurrent Note & Lease Receivables	253	237	228	207	197	190	183	179	173
Goodwill	730	730	730	736	736	736	736	736	736
Intangible Assets	19	18	17	16	15	14	13	12	11
Other Noncurrent Operating Assets	253	252	245	242	239	236	226	215	207
Total Liabilities & Shareholders' Equity	1,816	1,789	1,799	1,754	1,727	1,733	1,712	1,681	1,670
Total Liabilities	1,046	1,067	1,098	1,059	1,027	1,073	1,058	1,029	1,021
Total Current Liabilities	370	385	427	481	472	487	469	502	508
Short-Term Debt	41	40	40	40	39	39	38	39	39
Accounts Payable	156	184	228	276	280	287	279	299	317
Accrued Expenses	51	52	49	53	51	54	53	59	56
Current Deferred Revenue	15	15	15	15	15	15	15	15	15
Current Employee Benefit Liabilities	24	15	23	23	14	20	14	20	13
Other Current Liabilities	67	69	66	71	72	72	68	69	69
Total Noncurrent Liabilities	676	682	671	578	554	587	589	528	513
Long-Term Debt	110	130	130	65	55	94	112	62	59
Capital Lease Obligations	340	320	308	282	270	260	249	241	233
Noncurrent Deferred & Payable Income Tax Liabilities	25	27	30	32	35	38	39	40	43
Other Noncurrent Operating Liabilities	201	205	203	199	195	195	190	184	179
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	770	722	701	695	700	660	654	652	649
Total Preferred & Common Equity	770	722	701	695	700	660	654	652	649
Total Common Equity	770	722	701	695	700	660	654	652	649
Common Stock	246	248	249	251	253	253	255	256	257
Retained Earnings	654	658	662	653	657	660	652	649	645
Treasury Stock	-126	-180	-206	-206	-206	-250	-250	-250	-250
Accumulated Other Comprehensive Income / (Loss)	-4.59	-4.69	-4.79	-4.02	-3.93	-3.83	-3.42	-3.38	-3.35
Other Equity Adjustments	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03

This table displays calculated financial ratios and metrics derived from Monro's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	20.75%	-2.50%	-3.67%
EBITDA Growth	22.28%	-14.04%	-8.45%
EBIT Growth	40.72%	-21.17%	-10.53%
NOPAT Growth	43.84%	-32.50%	-5.04%
Net Income Growth	79.40%	-36.58%	-3.78%
EPS Growth	79.21%	-33.70%	-1.67%
Operating Cash Flow Growth	-6.03%	23.74%	-41.77%
Free Cash Flow Firm Growth	54.28%	531.64%	-48.36%
Invested Capital Growth	2.83%	-16.34%	-8.00%
Revenue Q/Q Growth	1.69%	-1.28%	-0.06%
EBITDA Q/Q Growth	-4.10%	-4.45%	2.18%
EBIT Q/Q Growth	-7.97%	-6.36%	6.13%
NOPAT Q/Q Growth	-4.02%	-14.94%	5.03%
Net Income Q/Q Growth	-4.92%	-17.37%	9.60%
EPS Q/Q Growth	-4.74%	-16.08%	9.26%
Operating Cash Flow Q/Q Growth	13.62%	-1.24%	-28.17%
Free Cash Flow Firm Q/Q Growth	80.36%	2.51%	-24.03%
Invested Capital Q/Q Growth	-1.44%	-3.09%	1.11%
Profitability Metrics	-	-	-
Gross Margin	35.45%	34.42%	35.41%
EBITDA Margin	13.47%	11.87%	11.29%
Operating Margin	7.45%	6.02%	5.59%
EBIT Margin	7.50%	6.06%	5.63%
Profit (Net Income) Margin	4.53%	2.95%	2.94%
Tax Burden Percent	79.66%	68.31%	72.42%
Interest Burden Percent	75.83%	71.15%	72.17%
Effective Tax Rate	20.34%	31.69%	27.58%
Return on Invested Capital (ROIC)	6.06%	4.39%	4.77%
ROIC Less NNEP Spread (ROIC-NNEP)	2.68%	1.32%	1.31%
Return on Net Nonoperating Assets (RNNOA)	1.98%	0.89%	0.79%
Return on Equity (ROE)	8.03%	5.28%	5.56%
Cash Return on Invested Capital (CROIC)	3.27%	22.18%	13.09%
Operating Return on Assets (OROA)	5.53%	4.40%	4.14%
Return on Assets (ROA)	3.34%	2.14%	2.17%
Return on Common Equity (ROCE)	8.03%	5.28%	5.56%
Return on Equity Simple (ROE_SIMPLE)	7.86%	5.62%	5.72%
Net Operating Profit after Tax (NOPAT)	81	54	52
NOPAT Margin	5.94%	4.11%	4.05%
Net Nonoperating Expense Percent (NNEP)	3.38%	3.07%	3.46%
Cost of Revenue to Revenue	64.55%	65.58%	64.59%
SG&A Expenses to Revenue	27.99%	28.40%	29.82%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.99%	28.40%	29.82%
Earnings before Interest and Taxes (EBIT)	102	80	72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	183	157	144
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.77	2.11	1.42
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.02	1.11	0.73
Price to Earnings (P/E)	22.42	37.27	24.39
Dividend Yield	2.47%	2.39%	3.59%
Earnings Yield	4.46%	2.68%	4.10%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.69	1.27
Enterprise Value to Revenue (EV/Rev)	1.44	1.44	1.03
Enterprise Value to EBITDA (EV/EBITDA)	10.66	12.10	9.13
Enterprise Value to EBIT (EV/EBIT)	19.15	23.71	18.30
Enterprise Value to NOPAT (EV/NOPAT)	24.18	34.97	25.44
Enterprise Value to Operating Cash Flow (EV/OCF)	11.23	8.86	10.51
Enterprise Value to Free Cash Flow (EV/FCFF)	44.79	6.92	9.26
Leverage & Solvency	-	-	-
Debt to Equity	0.74	0.63	0.59
Long-Term Debt to Equity	0.68	0.58	0.54
Financial Leverage	0.74	0.68	0.61
Leverage Ratio	2.40	2.47	2.57
Compound Leverage Factor	1.82	1.76	1.85
Debt to Total Capital	42.39%	38.78%	37.24%
Short-Term Debt to Total Capital	3.10%	3.52%	3.65%
Long-Term Debt to Total Capital	39.29%	35.26%	33.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.61%	61.22%	62.76%
Debt to EBITDA	3.15	2.80	2.70
Net Debt to EBITDA	3.10	2.77	2.66
Long-Term Debt to EBITDA	2.92	2.54	2.44
Debt to NOPAT	7.14	8.08	7.53
Net Debt to NOPAT	7.04	7.99	7.41
Long-Term Debt to NOPAT	6.62	7.35	6.80
Altman Z-Score	2.11	2.10	1.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.76	0.58	0.56
Quick Ratio	0.07	0.04	0.04
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	44	275	142
Operating Cash Flow to CapEx	653.48%	676.79%	555.76%
Free Cash Flow to Firm to Interest Expense	1.77	11.87	7.10
Operating Cash Flow to Interest Expense	7.05	9.28	6.26
Operating Cash Flow Less CapEx to Interest Expense	5.98	7.91	5.13
Efficiency Ratios	-	-	-
Asset Turnover	0.74	0.73	0.74
Accounts Receivable Turnover	90.26	94.36	102.01
Inventory Turnover	5.34	5.54	5.47
Fixed Asset Turnover	4.23	4.27	4.36
Accounts Payable Turnover	7.18	4.42	3.21
Days Sales Outstanding (DSO)	4.04	3.87	3.58
Days Inventory Outstanding (DIO)	68.33	65.86	66.72
Days Payable Outstanding (DPO)	50.82	82.66	113.67
Cash Conversion Cycle (CCC)	21.55	-12.94	-43.38
Capital & Investment Metrics	-	-	-
Invested Capital	1,351	1,130	1,040
Invested Capital Turnover	1.02	1.07	1.18
Increase / (Decrease) in Invested Capital	37	-221	-90
Enterprise Value (EV)	1,951	1,905	1,316
Market Capitalization	1,383	1,469	932
Book Value per Share	$23.34	$22.13	$21.96
Tangible Book Value per Share	($0.61)	($1.85)	($3.11)
Total Capital	1,359	1,135	1,046
Total Debt	576	440	390
Total Long-Term Debt	534	400	351
Net Debt	568	435	383
Capital Expenditures (CapEx)	27	32	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-42	-156	-170
Debt-free Net Working Capital (DFNWC)	-34	-151	-164
Net Working Capital (NWC)	-76	-191	-202
Net Nonoperating Expense (NNE)	19	15	14
Net Nonoperating Obligations (NNO)	568	435	383
Total Depreciation and Amortization (D&A)	81	77	72
Debt-free, Cash-free Net Working Capital to Revenue	-3.11%	-11.74%	-13.33%
Debt-free Net Working Capital to Revenue	-2.53%	-11.37%	-12.82%
Net Working Capital to Revenue	-5.63%	-14.39%	-15.81%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.82	$1.20	$1.18
Adjusted Weighted Average Basic Shares Outstanding	33.53M	32.14M	30.90M
Adjusted Diluted Earnings per Share	$1.81	$1.20	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	34.04M	32.65M	31.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.56M	31.42M	29.92M
Normalized Net Operating Profit after Tax (NOPAT)	81	54	52
Normalized NOPAT Margin	5.94%	4.11%	4.05%
Pre Tax Income Margin	5.69%	4.31%	4.06%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	4.14	3.47	3.59
NOPAT to Interest Expense	3.28	2.35	2.59
EBIT Less CapEx to Interest Expense	3.06	2.10	2.47
NOPAT Less CapEx to Interest Expense	2.20	0.98	1.46
Payout Ratios	-	-	-
Dividend Payout Ratio	56.32%	93.23%	94.50%
Augmented Payout Ratio	56.32%	341.43%	211.73%

This table displays calculated financial ratios and metrics derived from Monro's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.26%	-5.14%	-1.93%	-5.24%	-6.46%	-2.34%	-5.23%	-0.24%	-10.33%	-6.43%	-3.74%
EBITDA Growth	-3.74%	-21.42%	-10.26%	-22.45%	-22.91%	-5.36%	-8.04%	12.16%	-13.17%	-23.99%	-30.90%
EBIT Growth	-5.82%	-31.73%	-12.86%	-45.64%	-33.90%	-5.01%	-10.44%	63.88%	-23.37%	-40.54%	-53.07%
NOPAT Growth	-23.88%	-32.69%	-15.73%	-74.84%	-20.80%	-5.09%	-8.14%	67.90%	-24.53%	-44.27%	-50.53%
Net Income Growth	-20.39%	-37.47%	-19.97%	-95.25%	-29.28%	-1.90%	-6.63%	804.65%	-33.59%	-56.13%	-62.34%
EPS Growth	-19.57%	-35.48%	-14.58%	-92.00%	-24.32%	0.00%	-7.32%	500.00%	-32.14%	-55.00%	-60.53%
Operating Cash Flow Growth	23.11%	8.79%	104.27%	-5.80%	-7.09%	-38.32%	-36.83%	-112.02%	-64.26%	135.40%	-54.00%
Free Cash Flow Firm Growth	423.62%	621.88%	662.11%	1,158.57%	21.06%	4.28%	-30.67%	-56.79%	-76.30%	-44.47%	-56.40%
Invested Capital Growth	-9.52%	-10.41%	-14.91%	-16.34%	-13.27%	-12.25%	-11.82%	-8.00%	-3.02%	-7.75%	-5.75%
Revenue Q/Q Growth	6.56%	-5.64%	1.63%	-7.27%	5.19%	-1.49%	-1.38%	-2.39%	-5.45%	2.80%	1.45%
EBITDA Q/Q Growth	42.16%	-7.76%	-0.11%	-40.79%	41.32%	13.23%	-2.93%	-27.79%	9.40%	-0.88%	-11.75%
EBIT Q/Q Growth	120.40%	-10.49%	1.58%	-72.87%	168.01%	28.62%	-4.22%	-50.37%	25.32%	-0.20%	-24.40%
NOPAT Q/Q Growth	-0.34%	8.74%	0.19%	-76.82%	213.66%	30.30%	-3.03%	-57.64%	41.00%	-3.78%	-13.93%
Net Income Q/Q Growth	44.91%	5.10%	-0.66%	-96.86%	2,058.68%	45.79%	-5.45%	-69.60%	58.46%	-3.68%	-18.84%
EPS Q/Q Growth	48.00%	8.11%	2.50%	-95.12%	1,300.00%	42.86%	-5.00%	-68.42%	58.33%	-5.26%	-16.67%
Operating Cash Flow Q/Q Growth	65.95%	-44.20%	18.15%	-13.90%	63.68%	-62.95%	21.00%	-116.38%	586.77%	144.01%	-76.36%
Free Cash Flow Firm Q/Q Growth	784.29%	8.05%	41.24%	1.37%	-21.74%	-6.93%	-6.10%	-36.82%	-57.08%	118.08%	-26.28%
Invested Capital Q/Q Growth	-8.95%	-2.24%	-3.01%	-3.09%	-5.62%	-1.08%	-2.53%	1.11%	-0.52%	-5.90%	-0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.96%	35.39%	33.85%	33.39%	34.99%	35.70%	35.47%	35.49%	37.24%	35.30%	34.28%
EBITDA Margin	13.28%	12.99%	12.76%	8.15%	10.95%	12.58%	12.39%	9.16%	10.60%	10.22%	8.89%
Operating Margin	7.51%	7.12%	7.11%	1.99%	5.31%	6.94%	6.73%	3.33%	4.52%	4.38%	3.26%
EBIT Margin	7.53%	7.15%	7.14%	2.09%	5.32%	6.95%	6.75%	3.43%	4.55%	4.42%	3.29%
Profit (Net Income) Margin	3.57%	3.98%	3.89%	0.13%	2.70%	4.00%	3.83%	1.19%	2.00%	1.87%	1.50%
Tax Burden Percent	60.38%	73.44%	72.43%	64.82%	72.37%	73.19%	74.20%	65.01%	71.54%	69.07%	78.77%
Interest Burden Percent	78.51%	75.80%	75.15%	9.72%	70.08%	78.56%	76.48%	53.47%	61.44%	61.42%	57.81%
Effective Tax Rate	39.62%	26.56%	27.57%	35.18%	27.63%	26.81%	25.80%	34.99%	28.46%	30.93%	21.23%
Return on Invested Capital (ROIC)	4.79%	5.54%	5.45%	1.38%	4.36%	5.83%	5.81%	2.55%	3.82%	3.65%	3.11%
ROIC Less NNEP Spread (ROIC-NNEP)	4.15%	4.76%	4.65%	0.66%	3.46%	4.99%	4.93%	1.81%	2.86%	2.62%	2.16%
Return on Net Nonoperating Assets (RNNOA)	2.88%	3.34%	3.31%	0.45%	1.97%	2.93%	3.02%	1.10%	1.59%	1.31%	1.14%
Return on Equity (ROE)	7.67%	8.88%	8.76%	1.82%	6.32%	8.76%	8.83%	3.65%	5.42%	4.96%	4.25%
Cash Return on Invested Capital (CROIC)	15.83%	16.27%	21.16%	22.18%	18.70%	17.53%	17.04%	13.09%	7.70%	12.14%	9.24%
Operating Return on Assets (OROA)	5.56%	5.29%	5.20%	1.52%	3.89%	5.12%	4.88%	2.53%	3.26%	3.17%	2.34%
Return on Assets (ROA)	2.63%	2.95%	2.83%	0.10%	1.97%	2.94%	2.77%	0.88%	1.43%	1.34%	1.07%
Return on Common Equity (ROCE)	7.67%	8.88%	8.76%	1.82%	6.32%	8.76%	8.83%	3.65%	5.42%	4.96%	4.25%
Return on Equity Simple (ROE_SIMPLE)	7.58%	7.00%	6.74%	0.00%	5.09%	5.02%	5.20%	0.00%	5.29%	4.20%	3.05%
Net Operating Profit after Tax (NOPAT)	16	17	17	4.00	13	16	16	6.72	9.48	9.12	7.85
NOPAT Margin	4.54%	5.23%	5.15%	1.29%	3.84%	5.08%	4.99%	2.17%	3.23%	3.03%	2.57%
Net Nonoperating Expense Percent (NNEP)	0.64%	0.78%	0.80%	0.72%	0.90%	0.83%	0.89%	0.74%	0.96%	1.03%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.51%	-	-	-	0.80%
Cost of Revenue to Revenue	65.04%	64.61%	66.15%	66.61%	65.01%	64.30%	64.53%	64.51%	62.76%	64.70%	65.72%
SG&A Expenses to Revenue	27.45%	28.28%	26.73%	31.41%	29.68%	28.76%	28.74%	32.16%	32.72%	30.92%	31.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.45%	28.28%	26.73%	31.41%	29.68%	28.76%	28.74%	32.16%	32.72%	30.92%	31.02%
Earnings before Interest and Taxes (EBIT)	26	24	24	6.50	17	22	21	11	13	13	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	43	43	25	36	41	39	28	31	31	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	1.84	1.93	2.11	1.73	1.23	1.43	1.42	1.09	1.32	1.14
Price to Tangible Book Value (P/TBV)	70.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.05	0.99	1.01	1.11	0.92	0.66	0.74	0.73	0.57	0.71	0.61
Price to Earnings (P/E)	24.54	26.30	28.65	37.27	33.46	23.97	26.80	24.39	20.24	30.84	36.46
Dividend Yield	2.48%	2.62%	2.56%	2.39%	2.93%	4.10%	3.74%	3.59%	4.69%	3.88%	4.52%
Earnings Yield	4.08%	3.80%	3.49%	2.68%	2.99%	4.17%	3.73%	4.10%	4.94%	3.24%	2.74%
Enterprise Value to Invested Capital (EV/IC)	1.54	1.50	1.56	1.69	1.47	1.15	1.27	1.27	1.06	1.22	1.10
Enterprise Value to Revenue (EV/Rev)	1.39	1.34	1.35	1.44	1.21	0.94	1.03	1.03	0.88	0.97	0.88
Enterprise Value to EBITDA (EV/EBITDA)	10.46	10.67	11.03	12.10	10.71	8.40	9.29	9.13	7.85	9.14	9.04
Enterprise Value to EBIT (EV/EBIT)	18.90	20.26	21.18	23.71	22.01	17.28	19.35	18.30	16.13	20.16	22.42
Enterprise Value to NOPAT (EV/NOPAT)	25.08	26.91	28.37	34.97	30.52	23.98	26.61	25.44	22.48	28.61	32.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.07	9.44	8.35	8.86	7.50	6.29	7.52	10.51	13.83	10.29	10.87
Enterprise Value to Free Cash Flow (EV/FCFF)	9.25	8.74	6.77	6.92	7.32	6.13	7.01	9.26	13.53	9.62	11.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.68	0.68	0.63	0.56	0.52	0.60	0.59	0.61	0.53	0.51
Long-Term Debt to Equity	0.58	0.62	0.62	0.58	0.50	0.46	0.54	0.54	0.55	0.47	0.45
Financial Leverage	0.69	0.70	0.71	0.68	0.57	0.59	0.61	0.61	0.56	0.50	0.53
Leverage Ratio	2.43	2.44	2.49	2.47	2.44	2.47	2.60	2.57	2.57	2.52	2.60
Compound Leverage Factor	1.90	1.85	1.87	0.24	1.71	1.94	1.99	1.37	1.58	1.55	1.50
Debt to Total Capital	38.95%	40.46%	40.54%	38.78%	35.75%	34.21%	37.31%	37.24%	37.86%	34.43%	33.75%
Short-Term Debt to Total Capital	3.27%	3.34%	3.40%	3.52%	3.69%	3.71%	3.69%	3.65%	3.60%	3.94%	3.95%
Long-Term Debt to Total Capital	35.68%	37.13%	37.14%	35.26%	32.06%	30.51%	33.62%	33.59%	34.26%	30.49%	29.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.05%	59.54%	59.46%	61.22%	64.25%	65.79%	62.69%	62.76%	62.14%	65.57%	66.25%
Debt to EBITDA	2.71	2.89	2.90	2.80	2.64	2.52	2.78	2.70	2.86	2.64	2.81
Net Debt to EBITDA	2.54	2.83	2.82	2.77	2.53	2.46	2.62	2.66	2.73	2.48	2.73
Long-Term Debt to EBITDA	2.48	2.65	2.66	2.54	2.36	2.25	2.51	2.44	2.59	2.34	2.49
Debt to NOPAT	6.50	7.29	7.47	8.08	7.51	7.19	7.97	7.53	8.20	8.27	9.96
Net Debt to NOPAT	6.09	7.15	7.26	7.99	7.22	7.02	7.49	7.41	7.81	7.77	9.66
Long-Term Debt to NOPAT	5.95	6.69	6.84	7.35	6.74	6.41	7.18	6.80	7.42	7.32	8.80
Altman Z-Score	2.05	1.96	1.94	1.96	1.82	1.67	1.69	1.71	1.56	1.63	1.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.67	0.63	0.63	0.58	0.52	0.52	0.56	0.56	0.59	0.53	0.54
Quick Ratio	0.11	0.06	0.06	0.04	0.06	0.05	0.08	0.04	0.07	0.07	0.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	145	157	222	225	176	164	154	97	42	91	67
Operating Cash Flow to CapEx	1,030.91%	396.39%	883.56%	572.80%	1,091.46%	358.84%	1,516.08%	-81.94%	298.08%	0.00%	326.80%
Free Cash Flow to Firm to Interest Expense	25.67	27.51	37.26	38.32	33.76	34.09	30.47	19.60	8.10	17.69	15.78
Operating Cash Flow to Interest Expense	13.65	7.55	8.56	7.47	13.77	5.54	6.38	-1.06	4.98	12.18	3.48
Operating Cash Flow Less CapEx to Interest Expense	12.32	5.65	7.59	6.17	12.51	3.99	5.96	-2.36	3.31	13.10	2.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.74	0.73	0.73	0.73	0.74	0.72	0.74	0.72	0.72	0.71
Accounts Receivable Turnover	100.25	94.40	96.31	94.36	100.33	96.29	92.56	102.01	94.98	89.17	91.21
Inventory Turnover	6.00	5.90	5.69	5.54	6.33	6.02	5.51	5.47	5.25	5.08	4.63
Fixed Asset Turnover	4.34	4.33	4.31	4.27	4.29	4.34	4.32	4.36	4.31	4.35	4.38
Accounts Payable Turnover	6.41	5.80	5.12	4.42	3.96	3.65	3.23	3.21	2.87	2.71	2.58
Days Sales Outstanding (DSO)	3.64	3.87	3.79	3.87	3.64	3.79	3.94	3.58	3.84	4.09	4.00
Days Inventory Outstanding (DIO)	60.80	61.88	64.09	65.86	57.63	60.59	66.20	66.72	69.55	71.85	78.83
Days Payable Outstanding (DPO)	56.93	62.94	71.36	82.66	92.18	99.90	113.16	113.67	127.12	134.84	141.34
Cash Conversion Cycle (CCC)	7.51	2.80	-3.47	-12.94	-30.91	-35.52	-43.01	-43.38	-53.72	-58.90	-58.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,230	1,203	1,166	1,130	1,067	1,055	1,029	1,040	1,035	973	969
Invested Capital Turnover	1.06	1.06	1.06	1.07	1.13	1.15	1.16	1.18	1.18	1.21	1.21
Increase / (Decrease) in Invested Capital	-129	-140	-204	-221	-163	-147	-138	-90	-32	-82	-59
Enterprise Value (EV)	1,896	1,810	1,817	1,905	1,572	1,214	1,310	1,316	1,094	1,184	1,062
Market Capitalization	1,435	1,329	1,352	1,469	1,200	859	942	932	714	863	742
Book Value per Share	$22.94	$22.42	$22.29	$22.13	$22.13	$22.28	$20.98	$21.96	$21.88	$21.79	$21.67
Tangible Book Value per Share	$0.60	($0.83)	($1.48)	($1.85)	($1.81)	($1.63)	($2.89)	($3.11)	($3.16)	($3.22)	($3.29)
Total Capital	1,261	1,212	1,179	1,135	1,082	1,064	1,052	1,046	1,053	994	980
Total Debt	491	491	478	440	387	364	393	390	399	342	331
Total Long-Term Debt	450	450	438	400	347	325	354	351	361	303	292
Net Debt	460	481	465	435	372	355	369	383	380	322	320
Capital Expenditures (CapEx)	7.49	11	5.76	7.65	6.57	7.41	2.12	6.43	8.60	-4.72	4.53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-112	-114	-132	-156	-205	-194	-200	-170	-171	-216	-206
Debt-free Net Working Capital (DFNWC)	-81	-104	-119	-151	-190	-185	-176	-164	-153	-196	-195
Net Working Capital (NWC)	-122	-144	-159	-191	-230	-225	-215	-202	-191	-235	-234
Net Nonoperating Expense (NNE)	3.37	4.12	4.24	3.59	3.73	3.49	3.70	3.02	3.61	3.47	3.27
Net Nonoperating Obligations (NNO)	460	481	465	435	372	355	369	383	380	322	320
Total Depreciation and Amortization (D&A)	20	19	19	19	18	18	18	18	18	17	17
Debt-free, Cash-free Net Working Capital to Revenue	-8.19%	-8.43%	-9.81%	-11.74%	-15.77%	-14.99%	-15.65%	-13.33%	-13.78%	-17.70%	-16.98%
Debt-free Net Working Capital to Revenue	-5.95%	-7.70%	-8.84%	-11.37%	-14.59%	-14.29%	-13.78%	-12.82%	-12.28%	-16.00%	-16.14%
Net Working Capital to Revenue	-8.96%	-10.70%	-11.83%	-14.39%	-17.66%	-17.34%	-16.82%	-15.81%	-15.33%	-19.20%	-19.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$0.40	$0.41	$0.02	$0.28	$0.40	$0.38	$0.12	$0.19	$0.18	$0.15
Adjusted Weighted Average Basic Shares Outstanding	33.48M	32.20M	31.47M	32.14M	31.42M	31.43M	30.93M	30.90M	29.92M	29.93M	29.95M
Adjusted Diluted Earnings per Share	$0.37	$0.40	$0.41	$0.02	$0.28	$0.40	$0.38	$0.12	$0.19	$0.18	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	33.99M	32.73M	31.99M	32.65M	31.95M	32.27M	32.19M	31.89M	31.22M	31.22M	31.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.20M	31.46M	31.40M	31.42M	31.42M	31.45M	29.90M	29.92M	29.92M	29.95M	29.95M
Normalized Net Operating Profit after Tax (NOPAT)	16	17	17	4.00	13	16	16	6.72	9.48	9.12	7.85
Normalized NOPAT Margin	4.54%	5.23%	5.15%	1.29%	3.84%	5.08%	4.99%	2.17%	3.23%	3.03%	2.57%
Pre Tax Income Margin	5.92%	5.42%	5.37%	0.20%	3.73%	5.46%	5.16%	1.84%	2.80%	2.71%	1.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.65	4.13	4.02	1.11	3.34	4.66	4.25	2.15	2.59	2.59	2.37
NOPAT to Interest Expense	2.80	3.02	2.90	0.68	2.41	3.41	3.15	1.36	1.84	1.78	1.85
EBIT Less CapEx to Interest Expense	3.33	2.23	3.06	-0.20	2.08	3.12	3.83	0.85	0.92	3.51	1.30
NOPAT Less CapEx to Interest Expense	1.48	1.12	1.93	-0.62	1.15	1.87	2.73	0.06	0.17	2.69	0.78
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.65%	71.76%	77.12%	93.23%	101.33%	101.58%	104.19%	94.50%	101.99%	128.14%	174.46%
Augmented Payout Ratio	91.15%	212.76%	282.22%	341.43%	101.33%	174.72%	232.68%	211.73%	101.99%	290.53%	174.46%

Frequently Asked Questions About Monro's Financials

When does Monro's financial year end?

According to the most recent income statement we have on file, Monro's fiscal year ends in March. Their fiscal year 2024 ended on March 30, 2024.

How has Monro's net income changed over the last 2 years?

Monro's net income appears to be on a downward trend, with a most recent value of $37.57 million in 2024, falling from $61.57 million in 2022. The previous period was $39.05 million in 2023.

What is Monro's operating income?

Monro's total operating income in 2024 was $71.43 million, based on the following breakdown:

Total Gross Profit: $452.10 million
Total Operating Expenses: $380.68 million

How has Monro revenue changed over the last 2 years?

Over the last 2 years, Monro's total revenue changed from $1.36 billion in 2022 to $1.28 billion in 2024, a change of -6.1%.

How much debt does Monro have?

Monro's total liabilities were at $1.04 billion at the end of 2024, a 4.2% decrease from 2023, and a 4.8% decrease since 2022.

How much cash does Monro have?

In the past 2 years, Monro's cash and equivalents has ranged from $4.88 million in 2023 to $7.95 million in 2022, and is currently $6.56 million as of their latest financial filing in 2024.

How has Monro's book value per share changed over the last 2 years?

Over the last 2 years, Monro's book value per share changed from 23.34 in 2022 to 21.96 in 2024, a change of -5.9%.

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This page (NASDAQ:MNRO) was last updated on 4/30/2025 by MarketBeat.com Staff

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Monro (MNRO) Financials

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Monro (MNRO) Financials

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