Arhaus, Inc. (ARHS) vs Academy Sports and Outdoors, Inc. (ASO)

Arhaus, Inc. and Academy Sports and Outdoors, Inc. are both Specialty Retail companies. Academy Sports and Outdoors, Inc. is the larger, with a market value of $3.0B against $1.3B — 2.2× the size. Academy Sports and Outdoors, Inc. trades at the lower P/E: 8.0× against 19.6×. Arhaus, Inc. grew revenue faster over the last twelve months: 5.44% against 3.68%. Academy Sports and Outdoors, Inc. has the higher net margin (6.39% vs 4.91%) and the lower return on invested capital (15.6% vs 24.3%). Across the 22 metrics below, Academy Sports and Outdoors, Inc. leads on 14 and Arhaus, Inc. on 8.

Valuation

Metric ARHS ASO Specialty Retail median
P/E 19.58 8.03 17.14
P/S 0.98 0.49 0.48
P/B 3.31 1.41 1.71
Price to free cash flow 33.57 8.22 13.04
EV/EBITDA 5.35 4.55 8.92
EV/Sales 0.85 0.53 0.64
Earnings yield 5.11% 12.45% 3.85%
Free cash flow yield 2.98% 12.16% 3.02%

Profitability

Metric ARHS ASO Specialty Retail median
Gross margin 39.69% 35.78% 37.89%
Operating margin 6.61% 9.55% 3.66%
Net margin 4.91% 6.39% 1.42%
Free cash flow margin 2.90% 6.01% 1.44%
Return on equity 17.28% 18.61% 2.58%
Return on assets 5.00% 7.34% 0.25%
Return on invested capital 24.33% 15.57% 0.00%

Growth

Metric ARHS ASO Specialty Retail median
Revenue growth (TTM) 5.44% 3.68% 3.35%
EPS growth (last fiscal year) (2.04%) (3.32%) —
Revenue growth, 5-year CAGR 22.14% 1.25% 3.70%
Net income growth, 5-year CAGR 83.47% 4.06% 0.00%

Health

Metric ARHS ASO Specialty Retail median
Debt to equity 0.13 0.23 0.27
Current ratio 1.33 1.74 1.35
Net debt to EBITDA (0.97) 0.24 0.24

Dividend

Metric ARHS ASO Specialty Retail median
Dividend yield — 0.55% 1.73%
Payout ratio 0.00 0.05 0.00

Size

Metric ARHS ASO Specialty Retail median
Market cap 1.33b 2.96b 348.57m

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