Academy Sports & Outdoors, Inc. ASO

Consumer discretionary SIC 5940 - Retail-Miscellaneous Shopping Goods Stores NAICS Retail Trade › Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers derived Nasdaq

Academy Sports + Outdoors is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, we now operate 322 stores across 21 contiguous states as of January 31, 2026. Our mission is to provide "Fun for All" and we fulfill this mission with a localized merchandising strategy and value proposition that deeply connect with a broad range of consumers. Our product assortment focuses on key categories of outdoor, sports & recreation, apparel, and footwear (representing 31%, 22%, 27% and 20% of our 2025 net sales, respectively) through both leading national brands and a portfolio of 19 private label brands, which go well beyond traditional sporting goods and apparel offerings.

Last close 60.33 2026-10-23
Market cap $3.74B 2026-05-02 share count
52-week range 41.29 - 62.45

Valuation FY2025 figures against the last close

P/S0.6x
P/E10.9x
P/FCF16.8x
EV/EBITDA6.1x
Dividend yield0.9%
Diluted EPS5.54

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $6.05B$5.93B$6.16B$6.40B$6.77B$5.69B$4.83B$4.78B—
Cost of revenue $3.95B$3.92B$4.05B$4.18B$4.42B$3.96B$3.40B$3.42B—
Gross profit $2.11B$2.01B$2.11B$2.21B$2.35B$1.73B$1.43B$1.37B—
SG&A $1.59B$1.47B$1.43B$1.37B$1.44B$1.31B$1.25B$1.24B—
Operating income $512.2M$538.6M$677.9M$846.5M$907.9M$420.4M$179.4M$128.9M—
Interest expense $36.2M$36.9M$46.1M$46.4M$49.0M$86.5M$101.3M$108.7M—
Pre-tax income $486.1M$538.2M$663.2M$818.3M$859.5M$339.1M$122.9M$23.4M—
Income tax $109.3M$119.8M$144.0M$190.3M$188.2M$30.4M$2.8M$2.0M—
Net income $376.8M$418.4M$519.2M$628.0M$671.4M$308.8M$120.0M$21.4M—
EPS, basic 5.665.876.897.707.383.961.660.30—
EPS, diluted 5.545.736.707.497.123.791.600.29—
Shares, diluted (wtd. avg.) 68.0M73.0M77.5M83.9M94.3M81.4M74.8M75.2M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $330.3M$288.9M$347.9M$337.1M$486.0M$377.6M$149.4M$75.7M$31.0M
Receivables $34.8M$16.8M$19.4M$16.5M$19.7M$17.3M$14.0M——
Inventory $1.50B$1.31B$1.19B$1.28B$1.17B$990.0M$1.10B——
Total current assets $1.95B$1.71B$1.64B$1.69B$1.72B$1.42B$1.29B——
Property, plant and equipment $584.1M$525.1M$445.2M$351.4M$345.8M$378.3M$441.4M——
Goodwill $861.9M$861.9M$861.9M$861.9M$861.9M$861.9M$861.9M——
Other intangibles $579.8M$579.0M$578.2M$577.7M$577.2M$577.0M$577.0M——
Total assets $5.28B$4.90B$4.68B$4.60B$4.58B$4.38B$4.33B——
Accounts payable $637.9M$612.4M$541.1M$686.5M$737.8M$791.4M$428.8M——
Short-term debt $3.0M$3.0M$3.0M$3.0M$3.0M$4.0M$34.1M——
Total current liabilities $1.03B$960.9M$879.9M$1.04B$1.13B$1.17B$750.6M——
Long-term debt $480.8M$482.7M$484.6M$584.5M$683.6M$781.5M$1.43B——
Total liabilities $3.11B$2.90B$2.72B$2.97B$3.12B$3.27B$3.34B——
Retained earnings $1.91B$1.76B$1.71B$1.41B$1.27B$987.2M———
Total equity $2.17B$2.00B$1.95B$1.63B$1.47B$1.11B———

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $434.8M$528.1M$535.8M$552.0M$673.3M$1.01B$263.7M$198.5M—
Depreciation and amortisation $122.9M$118.1M$110.9M$106.8M$105.3M$105.5M$117.3M$132.8M—
Stock-based compensation $21.2M$26.6M$24.4M$21.2M$39.3M$24.9M$7.9M$4.6M—
Capital expenditure $212.7M$199.6M$207.8M$108.3M$75.8M$41.3M$62.8M$107.9M—
Investing cash flow -$172.0M-$186.1M-$206.1M-$108.8M-$76.0M-$33.1M-$66.8M-$99.0M—
Financing cash flow -$221.4M-$401.0M-$318.9M-$592.1M-$488.9M-$750.2M-$123.2M-$54.8M—
Dividends paid $34.7M$31.5M$27.2M$24.6M$0$0———
Buybacks $199.0M$364.9M$202.8M$489.5M$411.4M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001817358-26-000063.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2018: 4.8B Gross profit, FY2018: 1.4B Net income, FY2018: 21.4M Revenue, FY2019: 4.8B Gross profit, FY2019: 1.4B Net income, FY2019: 120M Revenue, FY2020: 5.7B Gross profit, FY2020: 1.7B Net income, FY2020: 308.8M Revenue, FY2021: 6.8B Gross profit, FY2021: 2.4B Net income, FY2021: 671.4M Revenue, FY2022: 6.4B Gross profit, FY2022: 2.2B Net income, FY2022: 628M Revenue, FY2023: 6.2B Gross profit, FY2023: 2.1B Net income, FY2023: 519.2M Revenue, FY2024: 5.9B Gross profit, FY2024: 2B Net income, FY2024: 418.4M Revenue, FY2025: 6.1B Gross profit, FY2025: 2.1B Net income, FY2025: 376.8M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $4.78B $4.83B $5.69B $6.77B $6.40B $6.16B $5.93B $6.05B
Gross profit — $1.37B $1.43B $1.73B $2.35B $2.21B $2.11B $2.01B $2.11B
Net income — $21.4M $120.0M $308.8M $671.4M $628.0M $519.2M $418.4M $376.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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