8 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.2% per year over the past 5 years.
Net income has grown faster than revenue (4.1% vs 1.2% per year).
Operating margin has expanded, at 8.5% in the latest year.
Free cash flow has declined 25.5% per year over the past 5 years.
Financial health
Total debt ($484M) exceeds cash ($330M); net debt is $153M.
Total debt has grown slower than revenue (-9.2% vs 1.2% per year).
Total debt is 0.8× EBITDA.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 9.2% of earnings and 15.6% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$6.1B
$377M
34.8%
8.5%
17.4%
7.1%
$222M
$484M
$330M
2025
$5.9B
$418M
33.9%
9.1%
20.9%
8.5%
$328M
$486M
$289M
2024
$6.2B
$519M
34.3%
11.0%
26.6%
11.1%
$328M
$488M
$348M
2023
$6.4B
$628M
34.6%
13.2%
38.6%
13.7%
$444M
$587M
$337M
2022
$6.8B
$671M
34.7%
13.4%
45.8%
14.6%
$597M
$687M
$486M
2021
$5.7B
$309M
30.5%
7.4%
27.8%
7.0%
$970M
$785M
$378M
2020
$4.8B
$120M
29.6%
3.7%
—
2.8%
$201M
$1.5B
$149M
2019
$4.8B
$21M
28.6%
2.7%
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Aug '26
$1.6B
$138M
40.4%
15.0%
6.3%
2.5%
$116M
$494M
$298M
May '26
$1.4B
$53M
33.2%
5.2%
2.5%
1.0%
$122M
$483M
$338M
Jan '26
$1.7B
$134M
33.6%
9.9%
6.2%
2.5%
$107M
$484M
$330M
Nov '25
$1.4B
$72M
35.7%
7.3%
3.3%
1.3%
-$14M
$484M
$289M
Aug '25
$1.6B
$125M
36.0%
10.8%
6.0%
2.4%
$22M
$485M
$301M
May '25
$1.4B
$46M
34.0%
5.1%
2.4%
0.9%
$107M
$485M
$285M
Feb '25
$1.7B
$134M
32.2%
9.2%
6.7%
2.7%
$76M
$486M
$289M
Nov '24
$1.3B
$66M
34.0%
6.8%
3.4%
1.3%
$34M
$486M
$296M
Aug '24
$1.5B
$143M
36.1%
12.3%
7.3%
2.9%
$50M
$487M
$325M
May '24
$1.4B
$76M
33.4%
7.5%
4.0%
1.6%
$167M
$487M
$378M
Feb '24
$1.8B
$168M
33.3%
11.4%
8.6%
3.6%
$179M
$488M
$348M
Oct '23
$1.4B
$100M
34.5%
9.8%
5.6%
2.0%
$15M
$586M
$275M
Jul '23
$1.6B
$157M
35.6%
13.3%
9.0%
3.4%
$122M
$587M
$311M
Apr '23
$1.4B
$94M
33.8%
9.1%
5.6%
2.0%
$12M
$587M
$296M
Jan '23
$1.7B
$158M
32.8%
11.7%
9.7%
3.4%
$214M
$587M
$337M
Oct '22
$1.5B
$132M
35.0%
12.0%
8.5%
2.8%
$19M
$686M
$318M
Jul '22
$1.7B
$189M
35.3%
15.2%
12.4%
4.1%
$131M
$686M
$400M
Apr '22
$1.5B
$150M
35.5%
14.0%
9.8%
3.2%
$80M
$686M
$472M
Jan '22
$1.8B
$142M
32.3%
11.0%
9.7%
3.1%
$141M
$687M
$486M
Oct '21
$1.6B
$161M
35.2%
13.6%
11.7%
3.4%
$85M
$687M
$401M
Valuation over time
How the market has priced ASO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 6.4× (Mar '23) to 10.1× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 0.6× (Nov '26).
The dividend yield has risen from 0.6% (Mar '23) to 0.9% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ASO growing its revenue and profit?
Over the past 5 years, Academy Sports & Outdoors, Inc.'s revenue has grown 1.2% per year, and net income grown 4.1% per year. These are computed facts, not advice.
How much debt does ASO have?
As of FY2026, Academy Sports & Outdoors, Inc. reported $484M of total debt against $330M of cash.
What is ASO's profit margin?
In FY2026, gross margin was 34.8%, operating margin 8.5%, and net margin 6.2%.
What is ASO's P/E ratio?
Academy Sports & Outdoors, Inc.'s P/E (TTM) is 9.62 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ASO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 10.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.