Academy Sports and Outdoors (ASO) Financials

$53.55 -0.91 (-1.67%)

Closing price 04:00 PM Eastern

Extended Trading

$54.02 +0.47 (+0.89%)

As of 06:26 PM Eastern

Annual Income Statements for Academy Sports and Outdoors

This table shows Academy Sports and Outdoors' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	21	120	309	671	628	519	418	377
Consolidated Net Income / (Loss)	21	120	309	671	628	519	418	377
Net Income / (Loss) Continuing Operations	21	120	309	671	628	519	418	377
Total Pre-Tax Income	23	123	339	860	818	663	538	486
Total Operating Income	129	179	420	908	847	678	539	512
Total Gross Profit	1,368	1,431	1,734	2,351	2,213	2,110	2,011	2,106
Total Revenue	4,784	4,830	5,689	6,773	6,395	6,159	5,933	6,053
Operating Revenue	4,784	4,830	5,689	6,773	6,395	6,159	5,933	6,053
Total Cost of Revenue	3,416	3,399	3,955	4,422	4,183	4,049	3,922	3,948
Operating Cost of Revenue	3,416	3,399	3,955	4,422	4,183	4,049	3,922	3,948
Total Operating Expenses	1,239	1,252	1,314	1,443	1,366	1,432	1,473	1,593
Selling, General & Admin Expense	1,239	1,252	1,314	1,443	1,366	1,432	1,473	1,593
Total Other Income / (Expense), net	-106	-57	-81	-48	-28	-15	-0.41	-26
Interest Expense	109	59	83	51	48	48	37	36
Other Income / (Expense), net	3.10	2.48	1.65	2.82	20	33	37	10
Income Tax Expense	1.95	2.82	30	188	190	144	120	109
Basic Earnings per Share	$0.30	$1.66	$3.96	$7.38	$7.70	$6.89	$5.87	$5.66
Weighted Average Basic Shares Outstanding	72.43M	72.48M	77.99M	90.96M	81.59M	75.39M	71.34M	66.61M
Diluted Earnings per Share	$0.29	$1.60	$3.79	$7.12	$7.49	$6.70	$5.73	$5.54
Weighted Average Diluted Shares Outstanding	75.20M	74.80M	81.43M	94.28M	83.90M	77.47M	73.05M	68.03M
Weighted Average Basic & Diluted Shares Outstanding	-	-	91.30M	87.15M	76.95M	74.41M	67.00M	64.38M
Cash Dividends to Common per Share	-	-	-	-	$0.08	$0.09	$0.11	$0.13

This table shows Academy Sports and Outdoors' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	157	100	168	76	143	66	134	46	125	72	134
Consolidated Net Income / (Loss)	157	100	168	76	143	66	134	46	125	72	134
Net Income / (Loss) Continuing Operations	157	100	168	76	143	66	134	46	125	72	134
Total Pre-Tax Income	203	130	211	98	187	89	165	63	165	94	164
Total Operating Income	211	137	204	102	190	91	155	69	172	100	170
Total Gross Profit	563	483	597	456	559	457	540	459	577	493	577
Total Revenue	1,583	1,398	1,795	1,364	1,549	1,343	1,677	1,351	1,600	1,384	1,718
Operating Revenue	1,583	1,398	1,795	1,364	1,549	1,343	1,677	1,351	1,600	1,384	1,718
Total Cost of Revenue	1,020	915	1,198	908	990	887	1,137	893	1,023	890	1,142
Operating Cost of Revenue	1,020	915	1,198	908	990	887	1,137	893	1,023	890	1,142
Total Operating Expenses	352	346	393	353	369	365	386	390	404	393	406
Selling, General & Admin Expense	352	346	393	353	369	365	386	390	404	393	406
Total Other Income / (Expense), net	-7.69	-6.78	7.29	-4.73	-3.54	-2.74	11	-6.24	-7.55	-6.37	-5.98
Interest Expense	11	11	14	9.94	9.07	9.15	9.17	9.04	9.03	8.98	9.16
Other Income / (Expense), net	3.62	4.15	21	5.20	5.53	6.41	20	2.81	1.48	2.62	3.18
Income Tax Expense	46	30	43	21	44	23	32	17	39	22	30
Basic Earnings per Share	$2.06	$1.34	$2.27	$1.03	$1.99	$0.94	$1.91	$0.69	$1.89	$1.07	$2.01
Weighted Average Basic Shares Outstanding	76.10M	74.46M	75.39M	73.99M	71.83M	70.32M	71.34M	67.12M	66.54M	66.65M	66.61M
Diluted Earnings per Share	$2.01	$1.31	$2.19	$1.01	$1.95	$0.92	$1.85	$0.68	$1.85	$1.05	$1.96
Weighted Average Diluted Shares Outstanding	78.09M	76.06M	77.47M	75.80M	73.29M	71.77M	73.05M	68.17M	67.69M	67.96M	68.03M
Weighted Average Basic & Diluted Shares Outstanding	74.53M	74.15M	74.41M	72.13M	70.31M	69.40M	67.00M	66.48M	66.63M	66.68M	64.38M

This table details how cash moves in and out of Academy Sports and Outdoors' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Change in Cash & Equivalents	45	74	228	108	-149	11	-59	41
Net Cash From Operating Activities	198	264	1,012	673	552	536	528	435
Net Cash From Continuing Operating Activities	198	264	1,012	673	552	536	528	435
Net Income / (Loss) Continuing Operations	21	120	309	671	628	519	418	377
Consolidated Net Income / (Loss)	21	120	309	671	628	519	418	377
Depreciation Expense	133	117	105	105	107	111	118	123
Amortization Expense	4.16	3.72	5.52	5.52	3.05	2.74	2.57	2.59
Non-Cash Adjustments To Reconcile Net Income	5.29	-30	43	36	23	42	50	52
Changes in Operating Assets and Liabilities, net	35	53	548	-145	-209	-139	-61	-119
Net Cash From Investing Activities	-99	-67	-33	-76	-109	-206	-186	-172
Net Cash From Continuing Investing Activities	-99	-67	-33	-76	-109	-206	-186	-172
Purchase of Property, Plant & Equipment	-108	-63	-41	-76	-108	-208	-200	-213
Acquisitions	-	0.00	0.00	-0.22	-0.50	-0.52	-0.77	-0.76
Sale of Property, Plant & Equipment	10	0.02	-	0.00	0.00	2.15	14	41
Net Cash From Financing Activities	-55	-123	-750	-489	-592	-319	-401	-221
Net Cash From Continuing Financing Activities	-55	-123	-750	-489	-592	-319	-401	-221
Repayment of Debt	-583	-625	-1,975	-103	-103	-103	-13	7.47
Repurchase of Common Equity	-	0.00	0.00	-411	-489	-203	-365	-199
Payment of Dividends	0.00	0.00	-257	0.00	-25	-27	-31	-35
Issuance of Debt	527	503	1,296	-	0.00	0.00	3.90	0.00
Issuance of Common Equity	0.00	0.00	207	3.78	5.04	5.48	5.25	5.19
Other Financing Activities, net	1.25	0.10	-21	22	20	8.67	-1.14	-0.39
Cash Interest Paid	108	94	87	45	43	45	35	35
Cash Income Taxes Paid	2.45	2.59	16	125	168	132	88	38

This table details how cash moves in and out of Academy Sports and Outdoors' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026
Net Change in Cash & Equivalents	16	-37	73	30	-54	-29	-7.07	-3.83	16	-11	41
Net Cash From Operating Activities	191	57	235	200	91	97	140	157	79	49	150
Net Cash From Continuing Operating Activities	191	57	235	200	91	97	140	157	79	49	150
Net Income / (Loss) Continuing Operations	157	100	168	76	143	66	134	46	125	72	134
Consolidated Net Income / (Loss)	157	100	168	76	143	66	134	46	125	72	134
Depreciation Expense	26	27	32	29	29	29	31	30	31	31	31
Amortization Expense	0.67	0.67	0.72	0.62	0.66	0.65	0.65	0.65	0.64	0.65	0.65
Non-Cash Adjustments To Reconcile Net Income	7.58	9.58	12	13	9.09	16	13	20	17	11	2.85
Changes in Operating Assets and Liabilities, net	0.34	-80	23	81	-90	-15	-38	60	-96	-66	-18
Net Cash From Investing Activities	-67	-42	-56	-32	-41	-63	-50	-51	-57	-58	-6.01
Net Cash From Continuing Investing Activities	-67	-42	-56	-32	-41	-63	-50	-51	-57	-58	-6.01
Purchase of Property, Plant & Equipment	-69	-42	-56	-32	-41	-62	-64	-51	-57	-63	-43
Acquisitions	-0.13	-0.14	-0.17	-0.13	-0.19	-0.27	-0.19	-0.16	-0.17	-0.26	-0.18
Sale of Property, Plant & Equipment	-	-	0.03	-	-	-	14	-	-	-	37
Net Cash From Financing Activities	-108	-52	-106	-137	-104	-63	-98	-110	-5.91	-2.26	-103
Net Cash From Continuing Financing Activities	-108	-52	-106	-137	-104	-63	-98	-110	-5.91	-2.26	-103
Repayment of Debt	-0.75	-0.75	-101	-10	-0.75	-0.75	-0.75	-0.75	-0.75	5.76	3.21
Repurchase of Common Equity	-106	-44	-2.72	-122	-98	-53	-91	-99	-	-	-100
Payment of Dividends	-6.90	-6.72	-6.68	-8.18	-7.92	-7.74	-7.62	-8.72	-8.65	-8.66	-8.63
Issuance of Common Equity	-	-	2.60	-	-	-	2.43	-	-	-	2.40
Other Financing Activities, net	2.86	-0.55	1.86	-0.05	0.21	-0.83	-0.48	-1.81	0.71	0.64	0.08
Cash Interest Paid	17	5.26	19	2.77	15	3.05	14	3.36	15	2.19	15
Cash Income Taxes Paid	69	37	26	0.01	46	-	43	0.00	34	4.05	-0.20

This table presents Academy Sports and Outdoors' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Total Assets	4,331	4,384	4,585	4,595	4,677	4,901	5,277
Total Current Assets	1,289	1,415	1,716	1,687	1,645	1,710	1,954
Cash & Equivalents	149	378	486	337	348	289	330
Accounts Receivable	14	17	20	17	19	17	35
Inventories, net	1,100	990	1,172	1,284	1,194	1,309	1,504
Prepaid Expenses	25	28	36	48	83	96	82
Other Current Assets	1.76	1.76	1.76	1.76	-	0.00	2.96
Plant, Property, & Equipment, net	441	378	346	351	445	525	584
Total Noncurrent Assets	2,600	2,591	2,523	2,557	2,587	2,666	2,739
Goodwill	862	862	862	862	862	862	862
Intangible Assets	577	577	577	578	578	579	580
Other Noncurrent Operating Assets	1,162	1,152	1,084	1,118	1,146	1,225	1,297
Total Liabilities & Shareholders' Equity	4,331	4,384	4,585	4,595	4,677	4,901	5,277
Total Liabilities	3,340	3,272	3,118	2,967	2,722	2,897	3,106
Total Current Liabilities	751	1,167	1,127	1,039	880	961	1,032
Short-Term Debt	34	4.00	3.00	3.00	3.00	3.00	3.00
Accounts Payable	429	791	738	686	541	612	638
Accrued Expenses	211	291	303	240	218	230	244
Other Current Liabilities	76	80	83	109	118	115	147
Total Noncurrent Liabilities	2,590	2,105	1,991	1,928	1,842	1,936	2,073
Long-Term Debt	1,429	781	684	584	485	483	481
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	139	217	259	255	257	301
Other Noncurrent Operating Liabilities	1,161	1,185	1,090	1,085	1,103	1,197	1,292
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	988	1,112	1,467	1,628	1,955	2,004	2,171
Total Preferred & Common Equity	988	1,112	1,467	1,628	1,955	2,004	2,171
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	988	1,112	1,467	1,628	1,955	2,004	2,171
Common Stock	996	128	199	217	243	248	257
Retained Earnings	0.00	987	1,268	1,411	1,712	1,756	1,914

This table presents Academy Sports and Outdoors' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/29/2022	4/29/2023	7/29/2023	10/28/2023	5/4/2024	8/3/2024	11/2/2024	5/3/2025	8/2/2025	11/1/2025
Total Assets	4,782	4,642	4,675	4,921	4,874	4,874	5,092	5,180	5,276	5,414
Total Current Assets	1,876	1,729	1,715	1,896	1,817	1,812	1,908	1,922	1,986	2,094
Cash & Equivalents	318	296	311	275	378	325	296	285	301	289
Accounts Receivable	16	10	15	18	14	13	18	17	19	18
Inventories, net	1,495	1,386	1,309	1,492	1,357	1,367	1,525	1,560	1,588	1,701
Prepaid Expenses	44	35	80	111	68	108	69	60	78	65
Other Current Assets	1.76	1.76	-	-	-	-	0.00	-	-	21
Plant, Property, & Equipment, net	354	365	405	430	457	471	503	551	584	591
Total Noncurrent Assets	2,553	2,548	2,555	2,596	2,600	2,591	2,681	2,707	2,706	2,729
Goodwill	862	862	862	862	862	862	862	862	862	862
Intangible Assets	578	578	578	578	578	579	579	579	579	580
Other Noncurrent Operating Assets	1,113	1,108	1,115	1,156	1,160	1,151	1,240	1,266	1,265	1,288
Total Liabilities & Shareholders' Equity	4,782	4,642	4,675	4,921	4,874	4,874	5,092	5,180	5,276	5,414
Total Liabilities	3,224	2,961	2,937	3,128	2,968	2,922	3,130	3,233	3,201	3,268
Total Current Liabilities	1,191	1,049	1,020	1,173	1,122	1,091	1,212	1,263	1,212	1,227
Short-Term Debt	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Accounts Payable	841	713	670	820	736	705	764	850	803	794
Accrued Expenses	259	221	234	232	262	259	314	272	266	306
Other Current Liabilities	88	112	113	117	121	125	130	138	140	125
Total Noncurrent Liabilities	2,032	1,912	1,918	1,956	1,846	1,831	1,918	1,970	1,989	2,041
Long-Term Debt	683	584	584	583	484	484	483	482	482	481
Noncurrent Deferred & Payable Income Tax Liabilities	243	257	261	265	253	253	251	256	271	273
Other Noncurrent Operating Liabilities	1,107	1,070	1,073	1,108	1,109	1,094	1,184	1,232	1,237	1,287
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,559	1,681	1,738	1,793	1,906	1,952	1,962	1,947	2,075	2,146
Total Preferred & Common Equity	1,559	1,681	1,738	1,793	1,906	1,952	1,962	1,947	2,075	2,146
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,559	1,681	1,738	1,793	1,906	1,952	1,962	1,947	2,075	2,146
Common Stock	205	230	238	240	241	245	246	245	256	264
Retained Earnings	1,354	1,451	1,501	1,553	1,664	1,707	1,715	1,702	1,819	1,882

This table displays calculated financial ratios and metrics derived from Academy Sports and Outdoors' official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	66,681,300.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	66,681,300.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	5.65
Growth Metrics	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	118	175	383	709	650	531	419	397
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	29.32%	21.73%	16.82%	14.95%
Earnings before Interest and Taxes (EBIT)	132	182	422	911	867	711	576	522
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	269	303	533	1,022	977	824	696	648
Valuation Ratios	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,129	1,167	562	439	315	312	273
Efficiency Ratios	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,304	1,520	1,668	1,879	2,094	2,201	2,325
Increase / (Decrease) in Invested Capital	0.00	2,304	-784	148	211	216	107	124
Book Value per Share	$0.00	$13.63	$12.37	$16.57	$20.84	$26.36	$28.88	$32.56
Tangible Book Value per Share	$0.00	($6.22)	($3.64)	$0.31	$2.41	$6.94	$8.11	$10.94
Total Capital	0.00	2,454	1,897	2,154	2,216	2,442	2,490	2,655
Total Debt	0.00	1,463	785	687	587	488	486	484
Total Long-Term Debt	0.00	1,429	781	684	584	485	483	481
Net Debt	0.00	1,313	408	201	250	140	197	153
Capital Expenditures (CapEx)	97	63	41	76	108	206	185	171
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	424	-126	106	314	420	463	595
Debt-free Net Working Capital (DFNWC)	0.00	573	252	592	651	768	752	925
Net Working Capital (NWC)	0.00	539	248	589	648	765	749	922
Net Nonoperating Expense (NNE)	97	55	74	38	22	12	0.32	20
Net Nonoperating Obligations (NNO)	0.00	1,313	408	201	250	140	197	153
Total Depreciation and Amortization (D&A)	137	121	111	111	110	114	121	125
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$3.96	$7.38	$0.00	$6.89	$5.87	$5.66
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	77.99M	90.96M	0.00	75.39M	71.34M	66.61M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$3.79	$7.12	$0.00	$6.70	$5.73	$5.54
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	81.43M	94.28M	0.00	77.47M	73.05M	68.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	91.30M	87.15M	0.00	74.41M	67.00M	64.38M
Normalized Net Operating Profit after Tax (NOPAT)	118	175	383	709	650	531	419	397
Debt Service Ratios	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Academy Sports and Outdoors' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	66,681,300.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	66,681,300.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	163	105	162	80	145	68	125	51	131	76	139
Return On Investment Capital (ROIC_SIMPLE)	-	4.42%	6.65%	-	-	2.77%	5.02%	2.08%	5.12%	2.90%	5.22%
Earnings before Interest and Taxes (EBIT)	215	141	225	108	196	98	174	72	174	103	173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	241	169	258	137	225	128	206	103	206	135	205
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-43	-73	-53	38	44	21	19	-82	-13	-113	14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,013	2,105	2,094	2,014	2,114	2,152	2,201	2,147	2,259	2,341	2,325
Increase / (Decrease) in Invested Capital	206	178	216	42	101	47	107	133	145	189	124
Book Value per Share	$22.73	$24.06	$26.36	$25.61	$27.07	$27.90	$28.88	$29.06	$31.22	$32.21	$32.56
Tangible Book Value per Share	$3.90	$4.74	$6.94	$6.25	$7.10	$7.41	$8.11	$7.55	$9.54	$10.58	$10.94
Total Capital	2,325	2,379	2,442	2,393	2,439	2,448	2,490	2,432	2,560	2,631	2,655
Total Debt	587	586	488	487	487	486	486	485	485	484	484
Total Long-Term Debt	584	583	485	484	484	483	483	482	482	481	481
Net Debt	275	312	140	109	162	190	197	200	184	195	153
Capital Expenditures (CapEx)	69	42	56	32	41	62	49	51	57	63	5.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	387	451	420	320	400	403	463	377	476	580	595
Debt-free Net Working Capital (DFNWC)	699	726	768	698	724	699	752	662	777	870	925
Net Working Capital (NWC)	696	723	765	695	721	696	749	659	774	867	922
Net Nonoperating Expense (NNE)	5.94	5.22	-5.80	3.70	2.71	2.03	-8.57	4.56	5.74	4.85	4.87
Net Nonoperating Obligations (NNO)	275	312	140	109	162	190	197	200	184	195	153
Total Depreciation and Amortization (D&A)	26	28	32	29	30	30	32	31	32	32	31
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.06	$1.34	$2.27	$1.03	$1.99	$0.94	$1.91	$0.69	$1.89	$1.07	$2.01
Adjusted Weighted Average Basic Shares Outstanding	76.10M	74.46M	75.39M	73.99M	71.83M	70.32M	71.34M	67.12M	66.54M	66.65M	66.61M
Adjusted Diluted Earnings per Share	$2.01	$1.31	$2.19	$1.01	$1.95	$0.92	$1.85	$0.68	$1.85	$1.05	$1.96
Adjusted Weighted Average Diluted Shares Outstanding	78.09M	76.06M	77.47M	75.80M	73.29M	71.77M	73.05M	68.17M	67.69M	67.96M	68.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	74.53M	74.15M	74.41M	72.13M	70.31M	69.40M	67.00M	66.48M	66.63M	66.68M	64.38M
Normalized Net Operating Profit after Tax (NOPAT)	163	105	162	80	145	68	125	51	131	76	139
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Academy Sports & Outdoors (ASO) quarterly statements over the last four years (through Q4 2025). The focus is on meaningful trends in revenue, profitability, cash flow, and balance sheet health that may matter to retail investors.

Improved gross and operating margins in Q4 2025 versus Q4 2024. Gross margin rose to roughly 33.6% (576,602,000 on 1,718,471,000 revenue) from about 32.2% in Q4 2024 (540,229,000 on 1,676,920,000 revenue). Operating margin also improved to about 9.9% (170,146,000 on 1,718,471,000 revenue) versus about 9.2% in Q4 2024 (154,696,000 on 1,676,920,000).
Earnings per share increased in Q4 2025. Basic EPS was 2.01 and Diluted EPS 1.96, up from Q4 2024 (Basic 1.91, Diluted 1.85). This aligns with a higher net income and improved operating performance.
Stronger quarterly cash from operations in Q4 2025. Net cash from continuing operating activities was 149,732,000 in Q4 2025 vs 140,170,000 in Q4 2024, highlighting improved cash generation from core operations.
Capital discipline on a quarterly basis—lower capex in Q4 2025. Purchase of property, plant & equipment was 42,514,000 in Q4 2025, down from 63,724,000 in Q4 2024, which frees up cash in the near term.
Revenue trend at the quarterly level remains mixed. Q4 2025 revenue was 1,718,471,000, a modest decrease from Q4 2024’s 1,676,920,000? Actually 1,746,503,000 is the Q4 2024 reading for total revenue; the year-over-year Q4 figure shows a slight dip.
Operating efficiency offset by higher selling, general, & admin costs. SG&A expense rose to 406,456,000 in Q4 2025 from 385,533,000 in Q4 2024, contributing to SG&A as a larger portion of revenue in some periods.
Inventory levels expanded in 2025. Inventories, net rose to about 1,701,163,000 in Q3 2025 from roughly 1,523,900,000 in Q3 2024, signaling higher working capital tied up in stock (potential upside is better assortment; potential downside is cash conversion).
Persistent cash outflows from financing activities. Net cash from financing activities was -102,891,000 in Q4 2025, down from -194,863,000 in Q4 2024, indicating ongoing cash use for items like debt repayment and share-related activity.
Debt and leverage remain relatively steady but elevated. Long-term debt hovered around 481–483 million across 2024–2025 quarters, with total liabilities remaining substantial; this suggests ongoing leverage that investors may monitor against cash generation.
Sustained higher current liabilities in the period with inventory and working capital pressures. Total current liabilities were in the 1.2–1.3 billion range in mid-2025 periods, supporting liquidity but also indicating ongoing near-term obligations that require continued cash flow strength.

05/07/26 04:16 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Academy Sports and Outdoors' Financials

When does Academy Sports and Outdoors' financial year end?

According to the most recent income statement we have on file, Academy Sports and Outdoors' fiscal year ends in January. Their fiscal year 2026 ended on January 31, 2026.

How has Academy Sports and Outdoors' net income changed over the last 7 years?

Academy Sports and Outdoors' net income appears to be on an upward trend, with a most recent value of $376.77 million in 2025, rising from $21.44 million in 2018. The previous period was $418.45 million in 2024. See where experts think Academy Sports and Outdoors is headed by visiting Academy Sports and Outdoors' forecast page.

What is Academy Sports and Outdoors' operating income?

Academy Sports and Outdoors' total operating income in 2025 was $512.18 million, based on the following breakdown:

Total Gross Profit: $2.11 billion
Total Operating Expenses: $1.59 billion

How has Academy Sports and Outdoors' revenue changed over the last 7 years?

Over the last 7 years, Academy Sports and Outdoors' total revenue changed from $4.78 billion in 2018 to $6.05 billion in 2025, a change of 26.5%.

How much debt does Academy Sports and Outdoors have?

Academy Sports and Outdoors' total liabilities were at $3.11 billion at the end of 2025, a 7.2% increase from 2024, and a 7.0% decrease since 2019.

How much cash does Academy Sports and Outdoors have?

In the past 6 years, Academy Sports and Outdoors' cash and equivalents has ranged from $149.39 million in 2019 to $486.00 million in 2021, and is currently $330.32 million as of their latest financial filing in 2025.

How has Academy Sports and Outdoors' book value per share changed over the last 7 years?

Over the last 7 years, Academy Sports and Outdoors' book value per share changed from 0.00 in 2018 to 32.56 in 2025, a change of 3,256.4%.

Related Companies

Financial statements for NASDAQ:ASO last updated on 3/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Academy Sports and Outdoors (ASO) Financials

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Academy Sports and Outdoors (ASO) Financials

Annual Income Statements for Academy Sports and Outdoors

Quarterly Income Statements for Academy Sports and Outdoors

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Annual Balance Sheets for Academy Sports and Outdoors

Quarterly Balance Sheets for Academy Sports and Outdoors

Annual Metrics And Ratios for Academy Sports and Outdoors

Quarterly Metrics And Ratios for Academy Sports and Outdoors

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Key Financial Trends

Frequently Asked Questions About Academy Sports and Outdoors' Financials

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