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Sporting goods, outdoor and lifestyle retailer operating large-format stores concentrated in the Southern US.
Sporting goods, outdoor and lifestyle retailer operating large-format stores concentrated in the Southern US.
Earns the retail margin on goods bought from sporting brands, plus higher margins on its own private-label lines. It is based in Texas and has grown outward by opening stores in new states; hunting and fishing, including firearms and ammunition, makes it a destination in the rural South.
Moat: narrow (scale, distribution). Regional big-box scale and value pricing versus fragmented specialty sporting-goods rivals.
Headquarters: Katy, Texas, US · Founded: 1938 · Employees: 23,000
Size Academy Sports and Outdoors (ASO) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $4.14B, the 1326th largest of 3,117 United States companies the cockpit tracks. Shares closed at $67.27 on 6 Nov 2026.
Performance Over six months the shares gained 24.3%, against +1.6% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 3.7% over the last twelve months (peer median +2.4%); the operating margin is 9.6% (peer median 4.8%).
Valuation It trades at 9.9× forward earnings against a peer median of 15.9× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.9 points above its cost of capital (8.2% WACC).
Short interest Short interest is 15.2% of the free float (15 Oct 2026).
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.19B | $6.05B | $5.93B | $6.16B | $6.40B |
| Revenue growth | — | +2% | -4% | -4% | — |
| Gross profit | $2.22B | $2.11B | $1.89B | $2.00B | $2.11B |
| EBITDA | $714M | $634M | $656M | $788M | $953M |
| Net income | $396M | $377M | $418M | $519M | $628M |
| Free cash flow | $331M | $222M | $323M | $328M | $444M |
| Capital expenditure | $217M | $213M | $200M | $208M | $109M |
| Total debt | $1.97B | $1.89B | $1.79B | $1.70B | $1.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Academy Sports and Outdoors ASO | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% |
| Dick's Sporting Goods DKS | $12.5B | -35% | +54% | 6% | 11.8× | 8.7% |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Tractor Supply TSCO | $18.9B | +20% | +4% | 9% | 18.0× | 4.1% |
| JD Sports Fashion JD..L | $6.03B | +37% | +2% | 7% | 9.0× | 1.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +27.5% | +8.9% | 2nd highest of 21 |
| 6-month return | +24.3% | +1.6% | 5th highest of 21 |
| Distance from 52-week high | -3.4% | -20.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +3.7% | +2.4% | 10th highest of 21 |
| Operating margin | 9.6% | 4.8% | 4th highest of 21 |
| Forward P/E | 9.9× | 15.9× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.2% | 5.9% | 6th least demanding of 16 |
| Growth delivered (Del g) | +1.2% | +8.3% | 4th lowest of 16 |
| Hurdle (Req g minus delivered) | -2.4 pp | -2.4 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | +3.9 pp | +0.1 pp | 7th highest of 21 |
| EV / EBITDA | 8.1× | 11.2× | 7th cheapest of 19 |
| Net debt / EBITDA | 2.3× | 3.0× | 8th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Academy Sports and Outdoors ASO | United States | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% | +1.2% |
| Bath & Body Works BBWI | United States | $4.31B | +8% | -2% | 15% | 8.3× | -8.8% | +2.5% |
| Signet Jewelers SIG | United States | $4.37B | +34% | +1% | 7% | 9.4× | -1.3% | +5.4% |
| Endeavour EDV.AX | Australia | $4.48B | +10% | +1% | 4% | 21.4× | 14.9% | +1.0% |
| Asbury Automotive ABG | United States | $3.64B | +1% | -1% | 5% | 7.6× | -2.4% | +20.3% |
| PriceSmart PSMT | United States | $5.02B | +3% | +12% | 5% | 27.2× | 10.5% | +10.2% |
| MINISO 9896.HK | Hong Kong | $3.34B | -25% | +31% | 13% | 9.9× | 1.5% | +18.5% |
| Eagers Automotive APE.AX | Australia | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% | +8.3% |
| Warby Parker WRBY | United States | $3.15B | -14% | +11% | 0% | 57.8× | n/a | n/a |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| Rush Enterprises RUSHA | United States | $5.54B | +6% | -3% | 5% | 15.4× | 7.9% | +9.4% |
| Frasers FRAS.L | United Kingdom | $5.64B | +44% | +8% | 7% | 9.1× | n/a | n/a |
| AutoNation AN | United States | $5.88B | -11% | -2% | 5% | 8.3× | n/a | n/a |
| Ultrapar Participacoes S.A. Sponsored ADR UGP | United States | $6.12B | -11% | +20% | 5% | 7.0× | -12.6% | +12.2% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Kalyan Jewellers India KALYANKJIL.NS | India | $6.47B | +44% | +46% | 6% | 37.6× | n/a | n/a |
| Lithia Motors LAD | United States | $6.68B | +5% | +1% | 4% | 8.0× | n/a | n/a |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |