Academy Sports and Outdoors, In (ASO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Academy Sports and Outdoors, In

NasdaqGS•Consumer Cyclical•Specialty Retail

$48.29-1.39(-0.03%)Market closed

Market Cap

$3.01B

P/E

7.6x

P/S

0.5x

P/B

1.4x

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.

How this company scores

GoodMetricSide Score: 73/100

Strongest: Profitability (20/25); weakest: Growth (16/25).

Profitability20/25

Growth16/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality20/25

Strengths

Rising free cash flowHigh ROELow leverageImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.6x5y range 6.8x – 9.7x

Currently near its 20-quarter median.

P/S · 0.5x5y range 0.4x – 0.8x

Currently below its 20-quarter median.

P/B · 1.4x5y range 1.3x – 4.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.01B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.19B
Q. Revenue: $1.65B
TTM EBITDA: $714.46M
TTM Op. Income: $591.56M
Q. Op. Income: $246.36M
TTM Net Income: $395.85M
Q. Net Income: $137.90M
EPS: $2.21
Shares Out.: $62.29M

$6.19B in TTM revenue grew 3.7% YoY, reaching $1.65B last quarter. TTM EBITDA of $714.46M and TTM operating income of $591.56M show growth is flowing through to the bottom line. TTM net income of $395.85M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.4%
EBITDA Margin: 16.8%
Op. Margin: 15.0%
Net Margin: 8.4%

Op. margin of 15.0% is up 4.2% YoY — cost efficiency is improving. Net margin at 8.4% and gross margin of 40.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 39% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.6x
P/S Ratio: 0.5x
P/B Ratio: 1.4x

At 7.6x P/E, the stock trades below typical market levels. P/S of 0.5x and P/B of 1.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.51B
Cash: $298.21M
Long-Term Debt: $494.16M
Book Value: $2.18B
D/E Ratio: 0.2
Debt/EBITDA: 1.8

With $5.51B in assets and $494.16M in long-term debt, D/E is 0.2and book value is $2.18B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $188.42M
TTM Free Cash Flow: $331.42M
FCF Margin: 5.4%
FCF / Net Income: 0.8

TTM FCF of $331.42M on $188.42M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.