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 7.1× (Sep '26).
The price-to-sales ratio has fallen from 0.6× (Mar '23) to 0.4× (Sep '26).
The dividend yield has risen from 0.6% (Mar '23) to 1.3% (Sep '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?
As of Sep '26, Academy Sports & Outdoors, Inc. traded at a price-to-earnings ratio of about 7.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.