Academy Sports and Outdoors, Inc.
Rank #148ValueASO · Nasdaq · Consumer Cyclical
Academy Sports and Outdoors, Inc. (ASO) — Rank #148 by gross profitability (GP/assets 0.38) · ROE 17.3% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001817358 · all metrics point-in-time as of the filing date.
About
Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States.
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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.
- Industry
- Specialty Retail
- Sector
- Consumer Cyclical
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- January 31
- Website
- academy.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$3.23B
P/E (annual)
9.5
P/S (annual)
0.5
P/B
1.5
P/OCF (annual)
7.4
Shareholder Yield
7.9%
Employees
22,000
Industry
Specialty Retail
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
4.7%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -6.9% — per-share value needs a total required return of -2.1% once share-count change is priced in.
vs. own 6-year median revenue growth: -0.8%
Cost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
0.6%
r = 10% (base)
4.7%
r = 12%
8.3%
Net debt / market cap: 5.5%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.38
Primary signal (Novy-Marx).
10th of 14 SIC 59 peers
Return on equity
17.3%
Gross margin
34.8%
8th of 14 SIC 59 peers
Revenue growth (YoY)
2.0%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-1.8%
Revenue CAGR (5Y)
1.2%
Earnings CAGR (3Y)
-15.7%
FCF CAGR (3Y)
-20.6%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.53
7th of 10 SIC 59 peers (best = lowest)
Current ratio
1.74×
7th of 14 SIC 59 peers
Quick ratio
0.27×
Net cash
-$195.94M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$222.13M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.41
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.3%
Stock-based comp intensity.
Dividend safety
Composite score
3.2 / 5
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).