Advance Auto Parts (0H9G.L) reported QQ2 2025 results characterized by a material top‑line decline and margin compression, against a backdrop of ongoing deleveraging and heavy working capital intensity. Revenue totaled $2.01 billion in Q2 2025, down 25.1% year over year and 22.2% quarter over quarter, while gross profit was $874 million for a gross margin of 43.48%. Operating income of $22 million yielded an operating margin of 1.09%, and net income reached $15 million (EPS $0.25), reflecting meaningful operating leverage improvements versus Q1 2025 but still well below levels achieved in the prior-year quarter. EBITDA stood at $97 million (EBITDA margin ~4.8%). Cash flow from operations was $50 million, with capital expenditures of $53 million, producing a negative free cash flow of about $3 million. The balance sheet shows a robust cash position of roughly $1.66 billion, but elevated debt load (total debt $3.65 billion; net debt $1.99 billion) and a relatively thin liquidity cushion (current ratio ~1.27; quick ratio ~0.45) imply heightened financial risk if demand deteriorates or working capital dynamics worsen. Management comments, where available, emphasized ongoing cost discipline, inventory management, and deleveraging as near-term priorities. Absent explicit quarterly guidance in the provided data, the forward outlook hinges on consumer demand, promotional strategies, and the pace of deleveraging, with investors closely watching debt maturities, working capital efficiency, and potential margin stabilization.