What is Academy Sports & Outdoors, Inc.'s earnings per share (EPS)?

Academy Sports & Outdoors, Inc. (ASO) reported diluted earnings per share of $5.54 for fiscal year 2026. This represents a -3.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Academy Sports & Outdoors, Inc. Financials

ASO

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Academy Sports & Outdoors, Inc. (ASO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

1.15x

For every $1 of reported earnings, Academy Sports & Outdoors, Inc. generates $1.15 in operating cash flow ($434.8M OCF vs $376.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

14.1x

Academy Sports & Outdoors, Inc. earns $14.1 in operating income for every $1 of interest expense ($512.2M vs $36.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.1B

YoY+2.0%

5Y CAGR+1.2%

Academy Sports & Outdoors, Inc. generated $6.1B in revenue in fiscal year 2026. This represents an increase of 2.0% from the prior year.

EBITDA

$635.0M

YoY-3.3%

5Y CAGR+3.8%

Academy Sports & Outdoors, Inc.'s EBITDA was $635.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.3% from the prior year.

Net Income

$376.8M

YoY-10.0%

5Y CAGR+4.1%

Academy Sports & Outdoors, Inc. reported $376.8M in net income in fiscal year 2026. This represents a decrease of 10.0% from the prior year.

EPS (Diluted)

$5.54

YoY-3.3%

5Y CAGR+7.9%

Academy Sports & Outdoors, Inc. earned $5.54 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 3.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$222.1M

YoY-32.4%

5Y CAGR-25.5%

Academy Sports & Outdoors, Inc. generated $222.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 32.4% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.13

YoY+18.2%

Academy Sports & Outdoors, Inc. paid $0.13 per share in dividends in fiscal year 2026. This represents an increase of 18.2% from the prior year.

Shares Outstanding

64M

YoY-3.9%

5Y CAGR-6.7%

Academy Sports & Outdoors, Inc. had 64M shares outstanding in fiscal year 2026. This represents a decrease of 3.9% from the prior year.

Margins & Returns

Gross Margin

34.8%

YoY+0.9pp

5Y CAGR+4.3pp

Academy Sports & Outdoors, Inc.'s gross margin was 34.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.

Operating Margin

8.5%

YoY-0.6pp

5Y CAGR+1.1pp

Academy Sports & Outdoors, Inc.'s operating margin was 8.5% in fiscal year 2026, reflecting core business profitability. This is down 0.6 percentage points from the prior year.

Net Margin

6.2%

YoY-0.8pp

5Y CAGR+0.8pp

Academy Sports & Outdoors, Inc.'s net profit margin was 6.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$199.0M

YoY-45.5%

Academy Sports & Outdoors, Inc. spent $199.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 45.5% from the prior year.

Capital Expenditures

$212.7M

YoY+6.6%

5Y CAGR+38.8%

Academy Sports & Outdoors, Inc. invested $212.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 6.6% from the prior year.

ASO Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$6.1B+2.0%	$5.9B-3.7%	$6.2B-3.7%	$6.4B-5.6%	$6.8B+19.1%	$5.7B
Cost of Revenue	$3.9B+0.7%	$3.9B-3.1%	$4.0B-3.2%	$4.2B-5.4%	$4.4B+11.8%	$4.0B
Gross Profit	$2.1B+4.7%	$2.0B-4.7%	$2.1B-4.6%	$2.2B-5.9%	$2.4B+35.6%	$1.7B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.6B+8.2%	$1.5B+2.8%	$1.4B+4.9%	$1.4B-5.3%	$1.4B+9.9%	$1.3B
Operating Income	$512.2M-4.9%	$538.6M-20.5%	$677.9M-19.9%	$846.5M-6.8%	$907.9M+116.0%	$420.4M
Interest Expense	-$36.2M+1.8%	-$36.9M+19.9%	-$46.1M+0.8%	-$46.4M+5.2%	-$49.0M+43.4%	-$86.5M
Income Tax	$109.3M-8.8%	$119.8M-16.8%	$144.0M-24.4%	$190.3M+1.1%	$188.2M+519.8%	$30.4M
Net Income	$376.8M-10.0%	$418.4M-19.4%	$519.2M-17.3%	$628.0M-6.5%	$671.4M+117.4%	$308.8M
EPS (Diluted)	$5.54-3.3%	$5.73-14.5%	$6.70-10.5%	$7.49+5.2%	$7.12+87.9%	$3.79

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$1.4B-13.5%	$1.6B+18.4%	$1.4B-19.4%	$1.7B+24.8%	$1.3B-13.3%	$1.5B+13.5%	$1.4B-24.0%	$1.8B
Cost of Revenue	$890.3M-13.0%	$1.0B+14.6%	$892.5M	N/A	$886.6M-10.5%	$990.3M+9.0%	$908.4M	N/A
Gross Profit	$493.4M-14.4%	$576.7M+25.7%	$458.9M-15.1%	$540.2M+18.3%	$456.7M-18.3%	$558.7M+22.6%	$455.8M-23.7%	$597.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$393.0M-2.8%	$404.4M+3.8%	$389.6M	N/A	$365.2M-0.9%	$368.6M+4.3%	$353.4M	N/A
Operating Income	$100.4M-41.8%	$172.4M+148.9%	$69.3M-55.2%	$154.7M+69.1%	$91.5M-51.9%	$190.1M+85.7%	$102.4M-49.8%	$204.0M
Interest Expense	-$9.0M+0.5%	-$9.0M+0.2%	-$9.0M	N/A	-$9.1M-0.9%	-$9.1M+4.4%	-$9.5M	N/A
Income Tax	$22.5M-43.0%	$39.4M+132.5%	$16.9M	N/A	$23.0M-47.8%	$44.0M+107.5%	$21.2M	N/A
Net Income	$71.6M-42.9%	$125.4M+172.2%	$46.1M-65.5%	$133.6M+103.2%	$65.8M-53.9%	$142.6M+86.5%	$76.5M-54.5%	$168.2M
EPS (Diluted)	$1.05-43.2%	$1.85+172.1%	$0.68-64.0%	$1.89+105.4%	$0.92-52.8%	$1.95+93.1%	$1.01-54.3%	$2.21

ASO Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$5.2B+6.3%	$4.9B+5.0%	$4.6B-1.6%	$4.7B+1.3%	$4.7B
Current Assets	N/A	$1.9B+5.8%	$1.8B+5.1%	$1.7B-6.6%	$1.9B+7.8%	$1.7B
Cash & Equivalents	N/A	$285.1M-24.6%	$378.1M+28.0%	$295.5M-37.4%	$472.4M-20.4%	$593.3M
Inventory	N/A	$1.6B+15.0%	$1.4B-2.1%	$1.4B+4.7%	$1.3B+22.5%	$1.1B
Accounts Receivable	N/A	$16.9M+23.1%	$13.7M+31.6%	$10.4M-17.8%	$12.7M+16.9%	$10.8M
Goodwill	N/A	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M
Total Liabilities	N/A	$3.2B+8.9%	$3.0B+0.2%	$3.0B-7.2%	$3.2B-4.6%	$3.3B
Current Liabilities	N/A	$1.3B+12.5%	$1.1B+6.9%	$1.0B-11.7%	$1.2B-4.1%	$1.2B
Long-Term Debt	N/A	$482.2M-0.4%	$484.1M-17.1%	$584.1M-14.5%	$683.3M-12.5%	$781.0M
Total Equity	N/A	$1.9B+2.2%	$1.9B+13.4%	$1.7B+10.0%	$1.5B+16.3%	$1.3B
Retained Earnings	N/A	$1.7B+2.3%	$1.7B+14.7%	$1.5B+9.2%	$1.3B+14.0%	$1.2B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$5.4B+2.6%	$5.3B+1.8%	$5.2B+5.7%	$4.9B-3.7%	$5.1B+4.5%	$4.9B0.0%	$4.9B+4.2%	$4.7B
Current Assets	$2.1B+5.4%	$2.0B+3.3%	$1.9B+12.4%	$1.7B-10.4%	$1.9B+5.3%	$1.8B-0.3%	$1.8B+10.5%	$1.6B
Cash & Equivalents	$289.5M-3.8%	$300.9M+5.5%	$285.1M-1.3%	$288.9M-2.4%	$296.0M-8.8%	$324.6M-14.2%	$378.1M+8.7%	$347.9M
Inventory	$1.7B+7.2%	$1.6B+1.8%	$1.6B+19.2%	$1.3B-14.2%	$1.5B+11.6%	$1.4B+0.7%	$1.4B+13.6%	$1.2B
Accounts Receivable	$17.5M-8.7%	$19.2M+13.7%	$16.9M+0.7%	$16.8M-7.5%	$18.1M+41.5%	$12.8M-6.5%	$13.7M-29.3%	$19.4M
Goodwill	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M0.0%	$861.9M
Total Liabilities	$3.3B+2.1%	$3.2B-1.0%	$3.2B+11.6%	$2.9B-7.5%	$3.1B+7.1%	$2.9B-1.6%	$3.0B+9.0%	$2.7B
Current Liabilities	$1.2B+1.2%	$1.2B-4.0%	$1.3B+31.4%	$960.9M-20.7%	$1.2B+11.1%	$1.1B-2.7%	$1.1B+27.5%	$879.9M
Long-Term Debt	$481.3M-0.1%	$481.7M-0.1%	$482.2M-0.1%	$482.7M-0.1%	$483.1M-0.1%	$483.6M-0.1%	$484.1M-0.1%	$484.6M
Total Equity	$2.1B+3.4%	$2.1B+6.6%	$1.9B-2.8%	$2.0B+2.2%	$2.0B+0.5%	$2.0B+2.5%	$1.9B-2.5%	$2.0B
Retained Earnings	$1.9B+3.5%	$1.8B+6.9%	$1.7B-3.1%	$1.8B+2.4%	$1.7B+0.5%	$1.7B+2.6%	$1.7B-2.8%	$1.7B

ASO Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$434.8M-17.7%	$528.1M-1.4%	$535.8M-2.9%	$552.0M-18.0%	$673.3M-33.4%	$1.0B
Capital Expenditures	$212.7M+6.6%	$199.6M-3.9%	$207.8M+91.8%	$108.3M+42.9%	$75.8M+83.7%	$41.3M
Free Cash Flow	$222.1M-32.4%	$328.5M+0.1%	$328.0M-26.1%	$443.7M-25.7%	$597.5M-38.4%	$970.3M
Investing Cash Flow	-$172.0M+7.6%	-$186.1M+9.7%	-$206.1M-89.5%	-$108.8M-43.1%	-$76.0M-129.4%	-$33.1M
Financing Cash Flow	-$221.4M+44.8%	-$401.0M-25.7%	-$318.9M+46.1%	-$592.1M-21.1%	-$488.9M+34.8%	-$750.2M
Dividends Paid	$34.7M+10.2%	$31.5M+15.6%	$27.2M+10.5%	$24.6M	$0	$0
Share Buybacks	$199.0M-45.5%	$364.9M+79.9%	$202.8M-58.6%	$489.5M+19.0%	$411.4M	$0

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$49.0M-37.6%	$78.6M-50.1%	$157.5M+12.3%	$140.2M+44.7%	$96.9M+6.1%	$91.3M-54.3%	$199.7M-14.9%	$234.7M
Capital Expenditures	$62.6M+10.3%	$56.7M+11.6%	$50.8M-20.2%	$63.7M+2.1%	$62.4M+51.6%	$41.2M+27.8%	$32.2M-42.3%	$55.8M
Free Cash Flow	-$13.6M-162.1%	$21.8M-79.5%	$106.6M+39.5%	$76.4M+121.9%	$34.4M-31.3%	$50.1M-70.1%	$167.4M-6.4%	$178.9M
Investing Cash Flow	-$58.1M-2.1%	-$56.9M-11.6%	-$51.0M-2.6%	-$49.7M+20.8%	-$62.7M-51.5%	-$41.4M-27.9%	-$32.4M+42.2%	-$55.9M
Financing Cash Flow	-$2.3M+61.7%	-$5.9M+94.6%	-$110.3M-13.1%	-$97.6M-55.5%	-$62.8M+39.4%	-$103.5M+24.5%	-$137.1M-29.7%	-$105.7M
Dividends Paid	$8.7M+0.2%	$8.6M-0.8%	$8.7M+14.4%	$7.6M-1.5%	$7.7M-2.3%	$7.9M-3.2%	$8.2M+22.6%	$6.7M
Share Buybacks	$0	$0-100.0%	$99.0M+8.7%	$91.1M+70.6%	$53.4M-45.4%	$97.9M-20.0%	$122.4M+4394.3%	$2.7M

ASO Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	34.8%+0.9pp	33.9%-0.4pp	34.3%-0.3pp	34.6%-0.1pp	34.7%+4.2pp	30.5%
Operating Margin	8.5%-0.6pp	9.1%-1.9pp	11.0%-2.2pp	13.2%-0.2pp	13.4%+6.0pp	7.4%
Net Margin	6.2%-0.8pp	7.0%-1.4pp	8.4%-1.4pp	9.8%-0.1pp	9.9%+4.5pp	5.4%
Return on Equity	N/A	21.5%-5.8pp	27.3%-10.1pp	37.4%-6.6pp	43.9%+20.4pp	23.5%
Return on Assets	N/A	8.1%-2.6pp	10.7%-2.9pp	13.5%-0.7pp	14.2%+7.6pp	6.6%
Current Ratio	N/A	1.52-0.1	1.62-0.0	1.65+0.1	1.56+0.2	1.39
Debt-to-Equity	N/A	0.250.0	0.25-0.1	0.35-0.1	0.45-0.1	0.59
FCF Margin	3.7%-1.9pp	5.5%+0.2pp	5.3%-1.6pp	6.9%-1.9pp	8.8%-8.2pp	17.1%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	35.7%-0.4pp	36.0%+2.1pp	34.0%+1.7pp	32.2%-1.8pp	34.0%-2.1pp	36.1%+2.7pp	33.4%+0.2pp	33.3%
Operating Margin	7.3%-3.5pp	10.8%+5.6pp	5.1%-4.1pp	9.2%+2.4pp	6.8%-5.5pp	12.3%+4.8pp	7.5%-3.9pp	11.4%
Net Margin	5.2%-2.7pp	7.8%+4.4pp	3.4%-4.6pp	8.0%+3.1pp	4.9%-4.3pp	9.2%+3.6pp	5.6%-3.8pp	9.4%
Return on Equity	3.3%-2.7pp	6.0%+3.7pp	2.4%-4.3pp	6.7%+3.3pp	3.4%-3.9pp	7.3%+3.3pp	4.0%-4.6pp	8.6%
Return on Assets	1.3%-1.1pp	2.4%+1.5pp	0.9%-1.8pp	2.7%+1.4pp	1.3%-1.6pp	2.9%+1.4pp	1.6%-2.0pp	3.6%
Current Ratio	1.71+0.1	1.64+0.1	1.52-0.3	1.78+0.2	1.57-0.1	1.66+0.0	1.62-0.3	1.87
Debt-to-Equity	0.220.0	0.23-0.0	0.250.0	0.240.0	0.250.0	0.250.0	0.250.0	0.25
FCF Margin	-1.0%-2.3pp	1.4%-6.5pp	7.9%+3.3pp	4.6%+2.0pp	2.6%-0.7pp	3.2%-9.0pp	12.3%+2.3pp	10.0%

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Frequently Asked Questions

What is Academy Sports & Outdoors, Inc.'s annual revenue?

Academy Sports & Outdoors, Inc. (ASO) reported $6.1B in total revenue for fiscal year 2026. This represents a 2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Academy Sports & Outdoors, Inc.'s revenue growing?

Academy Sports & Outdoors, Inc. (ASO) revenue grew by 2% year-over-year, from $5.9B to $6.1B in fiscal year 2026.

Is Academy Sports & Outdoors, Inc. profitable?

Yes, Academy Sports & Outdoors, Inc. (ASO) reported a net income of $376.8M in fiscal year 2026, with a net profit margin of 6.2%.

What is Academy Sports & Outdoors, Inc.'s EBITDA?

Academy Sports & Outdoors, Inc. (ASO) had EBITDA of $635.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Academy Sports & Outdoors, Inc.'s gross margin?

Academy Sports & Outdoors, Inc. (ASO) had a gross margin of 34.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Academy Sports & Outdoors, Inc.'s operating margin?

Academy Sports & Outdoors, Inc. (ASO) had an operating margin of 8.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Academy Sports & Outdoors, Inc.'s net profit margin?

Academy Sports & Outdoors, Inc. (ASO) had a net profit margin of 6.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Academy Sports & Outdoors, Inc. pay dividends?

Yes, Academy Sports & Outdoors, Inc. (ASO) paid $0.13 per share in dividends during fiscal year 2026.

What is Academy Sports & Outdoors, Inc.'s free cash flow?

Academy Sports & Outdoors, Inc. (ASO) generated $222.1M in free cash flow during fiscal year 2026. This represents a -32.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Academy Sports & Outdoors, Inc.'s operating cash flow?

Academy Sports & Outdoors, Inc. (ASO) generated $434.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Academy Sports & Outdoors, Inc.'s capital expenditures?

Academy Sports & Outdoors, Inc. (ASO) invested $212.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Academy Sports & Outdoors, Inc. buy back shares?

Yes, Academy Sports & Outdoors, Inc. (ASO) spent $199.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Academy Sports & Outdoors, Inc. have outstanding?

Academy Sports & Outdoors, Inc. (ASO) had 64M shares outstanding as of fiscal year 2026.

Are Academy Sports & Outdoors, Inc.'s earnings high quality?

Academy Sports & Outdoors, Inc. (ASO) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Academy Sports & Outdoors, Inc. cover its interest payments?

Academy Sports & Outdoors, Inc. (ASO) has an interest coverage ratio of 14.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.