Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company's outdoors division comprises camping products, such as coolers and drinkware, camping accessories and equipment, and watersports and equipment; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment, including baseball, football, basketball, soccer, golf, racket sports, volleyball, backpacks, and sports bags; recreation products, which includes patio furniture, outdoor cooking, trampolines, and play sets, as well as wheeled goods that include bicycles, skateboards, and other ride-on toys; and electronics, watches, and sunglasses, as well as front-end products, such as consumables, batteries, etc. The company's apparel division provides outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, accessories, and outerwear; boys and girls outdoor, and athletic apparel and swimwear; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, Freely, R.O.W., Redfield, and H2OX brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $6.1B | $645M | $377M | $221M | 17.4% | 2.0% | -10.0% |
| 2025 | $5.9B | $693M | $418M | $328M | 20.9% | -3.7% | -19.4% |
| 2024 | $6.2B | $820M | $519M | $327M | 26.6% | -3.7% | -17.3% |
| 2023 | $6.4B | $972M | $628M | $443M | 38.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,395.07 | 6,159.29 | 5,933.45 | 6,053.41 |
| Operating Revenue | - | 6,357.82 | 6,125.88 | 5,896.73 | 6,017.83 |
| Cost Of Revenue | - | 4,182.57 | 4,049.08 | 3,921.99 | 3,947.80 |
| Gross Profit | - | 2,212.50 | 2,110.21 | 2,011.46 | 2,105.61 |
| Operating Expense | - | 1,365.95 | 1,432.36 | 1,472.82 | 1,593.43 |
| Selling General And Administration | - | 1,365.95 | 1,432.36 | 1,472.82 | 1,593.43 |
| Total Expenses | - | 5,548.52 | 5,481.44 | 5,394.81 | 5,541.23 |
| Operating Income | - | 846.55 | 677.86 | 538.64 | 512.18 |
| Total Operating Income As Reported | - | 846.55 | 677.86 | 538.64 | 512.18 |
| EBITDA | - | 971.52 | 820.14 | 693.17 | 645.14 |
| Normalized EBITDA | - | 973.49 | 821.67 | 693.62 | 645.14 |
| EBIT | - | 864.76 | 709.21 | 575.10 | 522.27 |
| Interest Expense | - | 46.44 | 46.05 | 36.87 | 36.21 |
| Net Interest Income | - | -46.44 | -46.05 | -36.87 | -36.21 |
| Other Non Operating Income Expenses | - | 20.18 | 32.88 | 36.91 | 10.09 |
| Other Income Expense | - | 18.21 | 31.35 | 36.46 | 10.09 |
| Interest Expense Non Operating | - | 46.44 | 46.05 | 36.87 | 36.21 |
| Net Non Operating Interest Income Expense | - | -46.44 | -46.05 | -36.87 | -36.21 |
| Pretax Income | - | 818.32 | 663.16 | 538.22 | 486.06 |
| Tax Provision | - | 190.32 | 143.97 | 119.78 | 109.29 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.46 | -0.33 | -0.10 | 0 |
| Net Income Continuous Operations | - | 628 | 519.19 | 418.45 | 376.77 |
| Net Income From Continuing And Discontinued Operation | - | 628 | 519.19 | 418.45 | 376.77 |
| Net Income From Continuing Operation Net Minority Interest | - | 628 | 519.19 | 418.45 | 376.77 |
| Net Income | - | 628 | 519.19 | 418.45 | 376.77 |
| Net Income Common Stockholders | - | 628 | 519.19 | 418.45 | 376.77 |
| Net Income Including Noncontrolling Interests | - | 628 | 519.19 | 418.45 | 376.77 |
| Normalized Income | - | 629.51 | 520.38 | 418.80 | 376.77 |
| Diluted NI Availto Com Stockholders | - | 628 | 519.19 | 418.45 | 376.77 |
| Basic Average Shares | - | 81.59 | 75.39 | 71.34 | 66.61 |
| Diluted Average Shares | - | 83.90 | 77.47 | 73.05 | 68.03 |
| Reconciled Depreciation | - | 106.76 | 110.94 | 118.07 | 122.87 |
| Reconciled Cost Of Revenue | - | 4,182.57 | 4,049.08 | 3,921.99 | 3,947.80 |
| Total Unusual Items | - | -1.96 | -1.52 | -0.45 | 0 |
| Total Unusual Items Excluding Goodwill | - | -1.96 | -1.52 | -0.45 | 0 |
| Special Income Charges | - | -1.96 | -1.52 | -0.45 | 0 |
| Other Special Charges | 2.24 | 1.96 | 1.52 | 0.45 | - |
| Impairment Of Capital Assets | - | 1.96 | 1.52 | 0.45 | 0 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Academy Sports and Outdoors, Inc.this co. | ASO | $3.3B | 8.75β discount | 1.52 | 17.4% | 7.53 |
| M/I Homes, Inc. | MHO | $3.6B | 8.85 | 1.13 | 12.7% | 6.84 |
| Versigent PLC | VGNT | $3.6B | 7.23 | 2.16 | 29.8% | 3.93 |
| Asbury Automotive Group, Inc. | ABG | $3.5B | 7.20 | 0.91 | 12.6% | 9.38 |
| Signet Jewelers Limited | SIG |
| 2022 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $3.4B |
| 11.60 |
| 1.74 |
| 15.0% |
| 5.67 |
| Advance Auto Parts, Inc. | AAP | $3.4B | 76.63 | 1.53 | 2.0% | 17.10 |
| Steven Madden, Ltd. | SHOO | $3.2B | 72.72 | 3.75 | 5.2% | 29.33 |
| The Cheesecake Factory Incorporated | CAKE | $3.2B | 21.37 | 7.27 | 34.0% | 18.01 |
| PHINIA Inc. | PHIN | $3.0B | 23.42 | 1.92 | 8.2% | 8.50 |
| Peer Median | - | 16.48 | 1.83 | 12.7% | 8.94 | |