奥莱利 2025年度报告

FINANCIAL HIGHLIGHTSIn thousands, except earnings per share and ratio data and store count COMPARISON OF TEN-YEAR CUMULATIVE RETURN This graph shows the cumulative total shareholder return assuming the investment of $100 on December 31, 2015, and thereinvestment of dividends thereafter, if any, in the common stock of O’Reilly Automotive, Inc., the Standard and Poor’s S&P 500Retail Index and the Standard and Poor’s S&P 500 Index. Ourcommitmentto our customers and our team members: We areenthusiastic, hardworking professionalswho arededicatedtoteamwork,safety/wellness, andexcellent customer service. We will practiceexpense controlwhilesetting an example ofrespect,honesty, and awin-win attitudein everything we do. Fellow shareholders: We’re pleased to report that Team O’Reilly continued to build momentum in 2025,once again taking our business to the next level. We served more customers inmore places, tackled challenges, and continued living our culture. Our team delivered an industry-leading 4.7% increase in comparable store salesin 2025. Coupled with the continued successful execution of new store expansion,we drove a total sales increase of 6.4% to $17.8 billion. Our total 2025 sales reflectan increase of more than 50% in total sales volume during the last five years,representing growth of over $6 billion since 2020. With that track record, we continue to execute our plan for measured, sustainablegrowth, with our commitment to gain a strong return on every dollar spent. In 2025, we opened a greenfield distribution center (DC) in Stafford, Virginia,opening previously untapped markets for us in the heavily populated Mid-AtlanticI-95 corridor. Work also continues to expand our existing DC in Lakeland, Florida. THANK YOU, TEAM O’REILLYYour dedication to providing unsurpassed levels of customer service delivered our 33rdconsecutive year of sales and earnings growth. We opened 207 net, new stores in the U.S., Mexico, andCanada, which included reaching our 100th store inMexico in the summer, and our first greenfield store inCanada in December. Our industry remains strong, as miles driven per yearcontinues to rise and people hold on to their cars longer,understanding the value proposition in repairingand maintaining the vehicles they already own. Ourinvestments in team member training and in tools likeVeriScan, which reads our customers’ check engine lightcodes for free, helps our team provide extra value bypointing customers to potential repair solutions, whetherthey want to tackle the job themselves or want us to referthem to a trusted professional. Our exceptional team members will always be the driversof our success, and they were at the heart of our decisionto execute a 15-for-1 stock split in 2025. The split loweredthe price of a single share so they could buy whole sharesmore quickly, sharing in the success they’ve helpedcreate. We’re pleased to see that the split has achieved thedesired effect, generating excitement among our teammembers as more participate and become shareholders. As always, we tackled challenges head-on this year. Just one example was tornado damage to the roof at ourIndianapolis DC. To be able to continue servicing our stores, teams from across the organization workedquickly to set up alternate routes from other regional DCs, while our construction team tackled repairs. Ourculture values of teamwork, hard work, dedication, and excellent customer service were clearly on display. Intrue Team O’Reilly fashion, we didn’t look at whether we could continue our regular parts deliveries, but howwe could make it happen. In the end, our customers never saw a disruption in service. We’re taking that grit and determination into 2026, with plans to open 225 to 235 net, new stores acrossNorth America and earn more share of the automotive aftermarket business. We will continue our track recordof long-term profitable growth for you, our shareholders. Thank you for your faith in our company, and in themore than 93,000 O’Reilly team members who serve our customers. CUSTOMER SERVICE Coast to Coast Nova Scotia.................. 1Ontario......................... 4Prince Edward Island . 1Quebec....................... 15 CanadaNew Brunswick........... 2 Newfoundland andLabrador ...................... 3 United StatesAlabama................... 174 Nebraska ...................55Nevada.......................63New Hampshire........37New Mexico...............68New York....................58North Carolina........235North Dakota ............ 18Ohio ..........................231Oklahoma ................140Oregon .......................79Pennsylvania.............49Puerto Rico.................. 9Rhode Island ............. 18South Carolina ........135South Dakota ............24Tennessee................ 211Texas.........................878Utah............................81Vermont .....................24Virginia.....................107Washington .............172West Virginia.............25Wisconsin ....