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Side-by-side financial comparison of ADVANCE AUTO PARTS INC (AAP) and M&T Bank (MTB). Click either name above to swap in a different company.

M&T Bank is the larger business by last-quarter revenue ($2.5B vs $2.0B, roughly 1.3× ADVANCE AUTO PARTS INC). M&T Bank runs the higher net margin — 30.7% vs 0.3%, a 30.4% gap on every dollar of revenue. On growth, ADVANCE AUTO PARTS INC posted the faster year-over-year revenue change (130.1% vs 3.8%). Over the past eight quarters, M&T Bank's revenue compounded faster (4.6% CAGR vs -15.7%).

Advance Auto Parts, Inc. is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves professional installer and do it yourself (DIY) customers.

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

AAP vs MTB — Head-to-Head

Bigger by revenue
MTB
MTB
1.3× larger
MTB
$2.5B
$2.0B
AAP
Growing faster (revenue YoY)
AAP
AAP
+126.3% gap
AAP
130.1%
3.8%
MTB
Higher net margin
MTB
MTB
30.4% more per $
MTB
30.7%
0.3%
AAP
Faster 2-yr revenue CAGR
MTB
MTB
Annualised
MTB
4.6%
-15.7%
AAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAP
AAP
MTB
MTB
Revenue
$2.0B
$2.5B
Net Profit
$6.0M
$759.0M
Gross Margin
44.1%
Operating Margin
2.2%
39.2%
Net Margin
0.3%
30.7%
Revenue YoY
130.1%
3.8%
Net Profit YoY
101.4%
11.5%
EPS (diluted)
$0.10
$4.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAP
AAP
MTB
MTB
Q1 26
$2.0B
Q4 25
$2.0B
$2.5B
Q3 25
$2.0B
$2.5B
Q2 25
$2.6B
$2.4B
Q1 25
$2.3B
Q4 24
$2.1B
$2.4B
Q3 24
$2.2B
$2.3B
Q2 24
$2.8B
$2.3B
Net Profit
AAP
AAP
MTB
MTB
Q1 26
$6.0M
Q4 25
$-1.0M
$759.0M
Q3 25
$15.0M
$792.0M
Q2 25
$24.0M
$716.0M
Q1 25
$584.0M
Q4 24
$-6.0M
$681.0M
Q3 24
$45.0M
$721.0M
Q2 24
$40.0M
$655.0M
Gross Margin
AAP
AAP
MTB
MTB
Q1 26
44.1%
Q4 25
43.3%
Q3 25
43.5%
Q2 25
42.9%
Q1 25
Q4 24
42.3%
Q3 24
43.6%
Q2 24
43.4%
Operating Margin
AAP
AAP
MTB
MTB
Q1 26
2.2%
Q4 25
1.1%
39.2%
Q3 25
1.1%
40.8%
Q2 25
-5.1%
39.0%
Q1 25
33.0%
Q4 24
37.0%
Q3 24
2.5%
39.0%
Q2 24
1.9%
37.1%
Net Margin
AAP
AAP
MTB
MTB
Q1 26
0.3%
Q4 25
-0.0%
30.7%
Q3 25
0.7%
31.5%
Q2 25
0.9%
29.9%
Q1 25
25.3%
Q4 24
-0.3%
28.6%
Q3 24
2.1%
30.9%
Q2 24
1.4%
28.5%
EPS (diluted)
AAP
AAP
MTB
MTB
Q1 26
$0.10
Q4 25
$-0.02
$4.62
Q3 25
$0.25
$4.82
Q2 25
$0.40
$4.24
Q1 25
$3.32
Q4 24
$-0.10
$3.87
Q3 24
$0.75
$4.02
Q2 24
$0.67
$3.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAP
AAP
MTB
MTB
Cash + ST InvestmentsLiquidity on hand
$3.1B
Total DebtLower is stronger
$3.4B
$10.9B
Stockholders' EquityBook value
$2.2B
$29.2B
Total Assets
$11.8B
$213.5B
Debt / EquityLower = less leverage
1.55×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAP
AAP
MTB
MTB
Q1 26
$3.1B
Q4 25
$3.2B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
Q4 24
$464.5M
Q3 24
$479.4M
Q2 24
$451.0M
Total Debt
AAP
AAP
MTB
MTB
Q1 26
$3.4B
Q4 25
$3.4B
$10.9B
Q3 25
$1.8B
$12.9B
Q2 25
$1.8B
$12.4B
Q1 25
$10.5B
Q4 24
$1.8B
$12.6B
Q3 24
$1.8B
$11.6B
Q2 24
$1.8B
$11.3B
Stockholders' Equity
AAP
AAP
MTB
MTB
Q1 26
$2.2B
Q4 25
$2.2B
$29.2B
Q3 25
$2.2B
$28.7B
Q2 25
$2.2B
$28.5B
Q1 25
$29.0B
Q4 24
$2.6B
$29.0B
Q3 24
$2.6B
$28.9B
Q2 24
$2.6B
$28.4B
Total Assets
AAP
AAP
MTB
MTB
Q1 26
$11.8B
Q4 25
$12.1B
$213.5B
Q3 25
$10.5B
$211.3B
Q2 25
$10.6B
$211.6B
Q1 25
$210.3B
Q4 24
$12.5B
$208.1B
Q3 24
$12.3B
$211.8B
Q2 24
$12.2B
$208.9B
Debt / Equity
AAP
AAP
MTB
MTB
Q1 26
1.55×
Q4 25
1.55×
0.37×
Q3 25
0.81×
0.45×
Q2 25
0.81×
0.43×
Q1 25
0.36×
Q4 24
0.69×
0.43×
Q3 24
0.69×
0.40×
Q2 24
0.70×
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAP
AAP
MTB
MTB
Operating Cash FlowLast quarter
$72.0M
$3.0B
Free Cash FlowOCF − Capex
$-21.0M
FCF MarginFCF / Revenue
-1.1%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
12.00×
3.96×
TTM Free Cash FlowTrailing 4 quarters
$-298.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAP
AAP
MTB
MTB
Q1 26
$72.0M
Q4 25
$-12.0M
$3.0B
Q3 25
$50.0M
$1.0B
Q2 25
$-156.0M
$844.0M
Q1 25
$635.0M
Q4 24
$70.0M
$3.6B
Q3 24
$85.0M
$-28.0M
Q2 24
$3.0M
$1.4B
Free Cash Flow
AAP
AAP
MTB
MTB
Q1 26
$-21.0M
Q4 25
$-76.0M
Q3 25
$-3.0M
Q2 25
$-198.0M
Q1 25
Q4 24
$27.0M
Q3 24
$44.0M
Q2 24
$-43.0M
FCF Margin
AAP
AAP
MTB
MTB
Q1 26
-1.1%
Q4 25
-3.7%
Q3 25
-0.1%
Q2 25
-7.7%
Q1 25
Q4 24
1.3%
Q3 24
2.0%
Q2 24
-1.6%
Capex Intensity
AAP
AAP
MTB
MTB
Q1 26
4.7%
Q4 25
3.1%
Q3 25
2.6%
Q2 25
1.6%
Q1 25
Q4 24
2.0%
Q3 24
1.9%
Q2 24
1.7%
Cash Conversion
AAP
AAP
MTB
MTB
Q1 26
12.00×
Q4 25
3.96×
Q3 25
3.33×
1.26×
Q2 25
-6.50×
1.18×
Q1 25
1.09×
Q4 24
5.30×
Q3 24
1.89×
-0.04×
Q2 24
0.07×
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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