O'Reilly Automotive Reports 6% Revenue Growth to $4.53 Billion in Q2 2025

O'Reilly Automotive, Inc. reported a solid financial performance for the second quarter of 2025, with revenues reaching $4.53 billion, a 6% increase from $4.27 billion in the same period last year. For the first half of 2025, total sales amounted to $8.66 billion, up 5% from $8.25 billion in the prior year. The company's net income for the quarter was $669 million, reflecting a 7% increase compared to $623 million in the second quarter of 2024. Earnings per share for the quarter rose to $0.78, an 11% increase from $0.70 in the previous year.

The company experienced notable changes in its operational metrics, including a 4.1% increase in comparable store sales for the second quarter, compared to a 2.3% increase in the same quarter of 2024. O'Reilly opened 67 new stores in the second quarter and 105 in the first half of 2025, compared to 27 and 64, respectively, in the same periods of the previous year. The total number of stores now stands at 6,360 in the U.S. and Puerto Rico, with additional locations in Canada and Mexico. The company anticipates opening between 200 to 210 new stores throughout 2025.

O'Reilly's gross profit for the second quarter increased by 7% to $2.33 billion, representing 51.4% of sales, up from 50.7% in the prior year. This growth was attributed to improved acquisition costs and operational efficiencies, despite a higher sales mix from professional service providers, which typically yield lower margins than do-it-yourself sales. Selling, general, and administrative expenses rose by 8% to $1.41 billion, primarily due to increased staffing and operational costs associated with the expanded store count.

The company’s balance sheet showed total assets of $15.82 billion as of June 30, 2025, up from $14.89 billion at the end of 2024. Cash and cash equivalents increased to $198.6 million, while long-term debt rose to $5.82 billion from $5.52 billion. O'Reilly's liquidity remains strong, with a consolidated fixed charge coverage ratio of 6.02 times and a consolidated leverage ratio of 1.95 times, both indicating compliance with debt covenants.

Looking ahead, O'Reilly remains optimistic about its growth trajectory, driven by its dual market strategy and ongoing investments in store expansion and customer service enhancements. The company is also evaluating the potential impacts of recent tax reforms on its financial position and operations. Overall, O'Reilly Automotive is positioned to capitalize on the increasing demand for automotive aftermarket products, supported by a growing vehicle population and rising average vehicle age.