Academy Sports and Outdoors, Inc.

ASO Consumer Cyclical Specialty Retail

Academy Sports and Outdoors, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $6.1 billion, up 2.02% from fiscal 2025.

Revenue
+2.97%
EPS
+16.9%
Free cash flow
+435.2%
Total debt
+1.94%

Quarter to July 2026, against a year earlier

67.51 0.18 −0.27%
Market cap
$4.2B
P/E
11.0×
Fwd P/E
9.4×
Dividend yield
0.86%
F-score
7/9
Altman Z
2.89
Beneish M
−1.59
Dividend safety
85/100

Insider Decisions last twelve months

Sold, $m 7.01
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — — 1 — — 1 — 2 — —
Insider Ownership 2.56%

Capital & Financial Ratios $m

Size
Market Cap 4,180.00
Revenue ttm 6,191.46
Net income ttm 395.85
Free cash flow ttm 372.17
Net debt Q 195.95
Valuation
P/E 11.03
Forward P/E 9.40
Price / sales 0.68
Forward P/S Powerpack
Price / FCF 11.30
Price / book 1.93
Financial health
Current ratio Q 1.74 (at or above 1.5: strong)
Debt / equity Q 0.23 (at or below 0.5: strong)
Interest coverage Q 30.58
Growth
Revenue growth Q +2.97% (above 0%: growing)
Operating income growth Q +42.92% (above 0%: growing)
EPS, this year +16.22% (at or above 15%: strong)
EPS, next year A +5.71%
Revenue, next year A +4.44%
EPS, past 5 yrs +7.89%
EPS, next 5 yrs A +10.83%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 99.93%
10-year low 10-year high
P/S against its own 10 years 84.11%
10-year low 10-year high
P/B against its own 10 years 41.74%
10-year low 10-year high
EV/Sales against its own 10 years 82.85%
10-year low 10-year high
EV/FCF against its own 10 years 68.84%
10-year low 10-year high

Dividends

Yield
0.86%
Annual rate
0.58
Payout ratio
9.67%
Growth, 2022–26
+10.7%/yr
  1. 0.30 ’22
  2. 0.36 ’23 +20
  3. 0.44 ’24 +22
  4. 0.52 ’25 +18
  5. 0.45 ’26 −13
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 348 289 330 298
Receivables 19 17 35 23
Inventory 1,194 1,309 1,504 1,657
Other — — 3 3
1,645 1,710 1,954 2,071
2024 2025 2026 Q'26
Payables 541 612 638 752
ST’ Debt 3 3 3 —
Other — — — —
880 961 1,032 1,188

Compound Annual Growth %

10y 5y 3y
Sales — 1.25% (1.81%)
Cash Flow — (15.54%) (7.65%)
Earnings — 4.06% (15.66%)
Book Value — 14.32% 10.07%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Apr Jul Oct Jan Year
’26 0.80 2.17 — — —
’26 0.68 1.85 1.05 1.98 5.54
’25 1.01 1.95 0.92 1.89 5.73
’24 1.19 2.01 1.31 2.21 6.70
’23 1.69 2.22 1.62 1.97 7.49
’22 1.84 1.99 1.72 1.57 7.12
’21 (0.14) 2.25 0.74 0.97 3.79
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 1,442 1,647 — — —
’26 1,351 1,600 1,384 1,718 6,053
’25 1,364 1,549 1,343 1,677 5,933
’24 1,384 1,583 1,398 1,795 6,159
’23 1,468 1,687 1,494 1,747 6,395
’22 1,580 1,792 1,593 1,808 6,773
’21 1,136 1,606 1,349 1,597 5,689
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 161 188 — — —
’26 157 79 49 150 435
’25 200 91 97 140 528
’24 52 191 57 235 536
’23 97 161 51 243 552
’22 219 186 109 158 673
’21 91 683 84 154 1,012
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 122 116 — — —
’26 106 22 (9) 144 263
’25 167 50 34 90 342
’24 12 124 15 179 330
’23 80 130 19 214 443
’22 202 169 84 141 597
’21 81 679 76 135 970
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — 4,836 4,784 4,830 5,689 6,773 6,395 6,159 5,933 6,053 6,191 +2.8% 6,322 6,626 6,943 +4.7%
Gross margin, % — 26.22 28.59 29.63 30.48 34.71 34.60 34.26 33.90 34.78 35.78 +8.6 pt
EBT — 61 23 123 339 860 818 663 538 486 505 +29.6%
EBT margin, % — 1.26 0.49 2.54 5.96 12.69 12.80 10.77 9.07 8.03 8.16 +6.8 pt
Net income — 0 0 120 309 671 628 519 418 377 396 n/m
Per share, $
Per share, $ Revenue — 53.73 66.05 66.64 72.94 74.47 78.38 81.70 83.17 90.88 99.39 +6.8%
Earnings — 0.65 0.30 1.66 3.96 7.38 7.70 6.89 5.87 5.66 6.12 +31.1%
Cash flow — 0.93 2.74 3.64 12.97 7.40 6.77 7.11 7.40 6.53 8.79 +27.6%
Capex — 0.00 (1.35) (0.87) (0.53) (0.84) (1.33) (2.73) (2.61) (2.58) (2.82) n/m
Free cash flow — 0.93 1.39 2.77 12.44 6.57 5.43 4.37 4.79 3.94 5.97 +19.9%
Book value — 0.00 0.00 13.63 14.26 16.13 19.96 25.93 28.09 32.60 34.97 n/m
Shares, m — 90 72 72 78 91 82 75 71 67 65 (3.7%)
Valuation, ×
Valuation, × P/E — 4.52 4.52 4.52 5.57 5.28 7.58 9.10 8.88 9.90 11.03 6.7
P/S — 0.00 0.00 0.00 0.30 0.52 0.75 0.77 0.63 0.62 0.68 0.4
P/B — 0.82 0.82 0.82 1.55 2.41 2.93 2.42 1.86 1.72 1.93 1.7
EV/Sales — 0.00 0.00 0.00 0.37 0.55 0.78 0.79 0.66 0.64 0.71 0.4
EV/FCF — 1.55 1.55 1.55 2.20 6.26 11.32 14.77 11.49 14.82 11.83 7.3
Cash, $m
Cash, $m Operating cash flow — 83 198 264 1,012 673 552 536 528 435 548 +22.9%
Capex — (132) (97) (63) (41) (76) (109) (206) (186) (172) (176) +3.4%
Free cash flow — 83 101 201 970 597 443 330 342 263 372 +15.4%
Balance, $m
Balance, $m Working capital — — 583 539 248 589 648 765 749 922 883 +6.8%
Net debt — — 1,549 1,313 408 201 250 140 197 153 196 (28.1%)
Shareholders’ equity — — — 988 1,112 1,467 1,628 1,955 2,004 2,171 2,178 +14.0%
Returns, %
Returns, % ROA — 0.00 0.00 5.54 7.09 14.97 13.68 11.20 8.74 7.40 7.34 +7.4 pt
ROIC — — 5.20 4.87 17.29 34.03 28.16 20.23 15.30 13.77 15.57 +8.6 pt
ROE — 0.00 2.32 13.01 29.40 52.07 40.58 28.98 21.14 18.05 18.61 +18.1 pt
People
People Employees — — 21,000 — 22,000 22,000 22,000 22,000 22,000 23,000 — +1.3%
Revenue/emp, $m — 0.00 0.00 0.00 0.26 0.31 0.29 0.28 0.27 0.26 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Academy Sports and Outdoors, Inc. vs peers in Specialty Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MUSA Murphy USA Inc. $9.3B 14.3× 15.3× +34.83% (above 0%: growing) +41.29% (above 0%: growing) +185.48% (above 0%: growing) 10.36% 3.78% Compare
BBWI Bath & Body Works, Inc. $4.5B 5.7× 7.5× −2.26% (below 0%: shrinking) +93.33% (above 0%: growing) +123.23% (above 0%: growing) 45.71% 14.27% Compare
ASO Academy Sports and Outdoors, Inc. $4.2B 11.0× 9.4× +2.97% (above 0%: growing) +16.93% (above 0%: growing) +435.22% (above 0%: growing) 40.42% 14.96%
MNSO MINISO Group Holding Limited Unsponsored ADR $3.2B 18.7× 9.5× +23.53% (above 0%: growing) n/m +219.06% (above 0%: growing) 45.26% 2.04% Compare
RH RH $2.6B 23.3× 21.6× +2.56% (above 0%: growing) +15.22% (above 0%: growing) +23.83% (above 0%: growing) 48.24% 11.67% Compare
BOBS Bob's Discount Furniture, Inc. $2.5B 16.7× 15.4× +19.47% (above 0%: growing) +0.03% (above 0%: growing) +685.84% (above 0%: growing) 46.45% 8.68% Compare
ARHS Arhaus, Inc. $1.8B 27.5× 23.2× +6.83% (above 0%: growing) −33.33% (below 0%: shrinking) +303.70% (above 0%: growing) 39.23% 2.74% Compare
SBH Sally Beauty Holdings, Inc. $1.8B 9.4× 8.8× +0.23% (above 0%: growing) +23.91% (above 0%: growing) +25.44% (above 0%: growing) 52.41% 9.24% Compare
SVV Savers Value Village, Inc. $1.4B 22.5× 21.7× +8.47% (above 0%: growing) n/m +563.29% (above 0%: growing) 56.89% 9.83% Compare
Median of peers $2.6B 17.7× 15.4× +7.65% +19.57% +202.27% 46.08% 8.96%

All 45 Specialty Retail stocks →

Pay and ownership Proxy statement filed 21 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 9.56m 6.90m 264.15

Ownership

Directors and executive officers, together 4.08%
FMR LLC 17.24%
BlackRock, Inc. 14.70%
Dimensional Fund Advisors LP 5.73%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Academy Sports and Outdoors, Inc. (ASO) Latest News

ASO metrics, ten years each

stockrow.com/ASO · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com