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Side-by-side financial comparison of Amazon (AMZN) and Academy Sports & Outdoors, Inc. (ASO). Click either name above to swap in a different company.
Amazon is the larger business by last-quarter revenue ($213.4B vs $1.4B, roughly 154.2× Academy Sports & Outdoors, Inc.). Amazon runs the higher net margin — 9.9% vs 5.2%, a 4.8% gap on every dollar of revenue. On growth, Amazon posted the faster year-over-year revenue change (13.6% vs 3.0%). Amazon produced more free cash flow last quarter ($14.9B vs $-13.6M). Over the past eight quarters, Amazon's revenue compounded faster (22.0% CAGR vs -12.2%).
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire ...
Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.
AMZN vs ASO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2026
| Metric | | |
|---|---|---|
| Revenue | $213.4B | $1.4B |
| Net Profit | $21.2B | $71.6M |
| Gross Margin | 48.5% | 35.7% |
| Operating Margin | 11.7% | 7.3% |
| Net Margin | 9.9% | 5.2% |
| Revenue YoY | 13.6% | 3.0% |
| Net Profit YoY | 5.9% | 8.8% |
| EPS (diluted) | $1.95 | $1.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $213.4B | $1.4B | ||
| Q3 25 | $180.2B | $1.6B | ||
| Q2 25 | $167.7B | $1.4B | ||
| Q1 25 | $155.7B | $1.7B | ||
| Q4 24 | $187.8B | $1.3B | ||
| Q3 24 | $158.9B | $1.5B | ||
| Q2 24 | $148.0B | $1.4B | ||
| Q1 24 | $143.3B | $1.8B |
| Q4 25 | $21.2B | $71.6M | ||
| Q3 25 | $21.2B | $125.4M | ||
| Q2 25 | $18.2B | $46.1M | ||
| Q1 25 | $17.1B | $133.6M | ||
| Q4 24 | $20.0B | $65.8M | ||
| Q3 24 | $15.3B | $142.6M | ||
| Q2 24 | $13.5B | $76.5M | ||
| Q1 24 | $10.4B | $168.2M |
| Q4 25 | 48.5% | 35.7% | ||
| Q3 25 | 50.8% | 36.0% | ||
| Q2 25 | 51.8% | 34.0% | ||
| Q1 25 | 50.6% | 32.2% | ||
| Q4 24 | 47.3% | 34.0% | ||
| Q3 24 | 49.0% | 36.1% | ||
| Q2 24 | 50.1% | 33.4% | ||
| Q1 24 | 49.3% | 33.3% |
| Q4 25 | 11.7% | 7.3% | ||
| Q3 25 | 9.7% | 10.8% | ||
| Q2 25 | 11.4% | 5.1% | ||
| Q1 25 | 11.8% | 9.2% | ||
| Q4 24 | 11.3% | 6.8% | ||
| Q3 24 | 11.0% | 12.3% | ||
| Q2 24 | 9.9% | 7.5% | ||
| Q1 24 | 10.7% | 11.4% |
| Q4 25 | 9.9% | 5.2% | ||
| Q3 25 | 11.8% | 7.8% | ||
| Q2 25 | 10.8% | 3.4% | ||
| Q1 25 | 11.0% | 8.0% | ||
| Q4 24 | 10.7% | 4.9% | ||
| Q3 24 | 9.6% | 9.2% | ||
| Q2 24 | 9.1% | 5.6% | ||
| Q1 24 | 7.3% | 9.4% |
| Q4 25 | $1.95 | $1.05 | ||
| Q3 25 | $1.95 | $1.85 | ||
| Q2 25 | $1.68 | $0.68 | ||
| Q1 25 | $1.59 | $1.85 | ||
| Q4 24 | $1.86 | $0.92 | ||
| Q3 24 | $1.43 | $1.95 | ||
| Q2 24 | $1.26 | $1.01 | ||
| Q1 24 | $0.98 | $2.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $123.0B | $289.5M |
| Total DebtLower is stronger | $68.8B | — |
| Stockholders' EquityBook value | $411.1B | $2.1B |
| Total Assets | $818.0B | $5.4B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.0B | $289.5M | ||
| Q3 25 | $94.2B | $300.9M | ||
| Q2 25 | $93.2B | $285.1M | ||
| Q1 25 | $94.6B | $288.9M | ||
| Q4 24 | $101.2B | $296.0M | ||
| Q3 24 | $88.1B | $324.6M | ||
| Q2 24 | $89.1B | $378.1M | ||
| Q1 24 | $85.1B | $347.9M |
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | — | ||
| Q2 25 | $56.1B | — | ||
| Q1 25 | $58.8B | — | ||
| Q4 24 | $58.0B | — | ||
| Q3 24 | $60.5B | — | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
| Q4 25 | $411.1B | $2.1B | ||
| Q3 25 | $369.6B | $2.1B | ||
| Q2 25 | $333.8B | $1.9B | ||
| Q1 25 | $305.9B | $2.0B | ||
| Q4 24 | $286.0B | $2.0B | ||
| Q3 24 | $259.2B | $2.0B | ||
| Q2 24 | $236.4B | $1.9B | ||
| Q1 24 | $216.7B | $2.0B |
| Q4 25 | $818.0B | $5.4B | ||
| Q3 25 | $727.9B | $5.3B | ||
| Q2 25 | $682.2B | $5.2B | ||
| Q1 25 | $643.3B | $4.9B | ||
| Q4 24 | $624.9B | $5.1B | ||
| Q3 24 | $584.6B | $4.9B | ||
| Q2 24 | $554.8B | $4.9B | ||
| Q1 24 | $531.0B | $4.7B |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.31× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $54.5B | $49.0M |
| Free Cash FlowOCF − Capex | $14.9B | $-13.6M |
| FCF MarginFCF / Revenue | 7.0% | -1.0% |
| Capex IntensityCapex / Revenue | 18.5% | 4.5% |
| Cash ConversionOCF / Net Profit | 2.57× | 0.68× |
| TTM Free Cash FlowTrailing 4 quarters | $7.7B | $191.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.5B | $49.0M | ||
| Q3 25 | $35.5B | $78.6M | ||
| Q2 25 | $32.5B | $157.5M | ||
| Q1 25 | $17.0B | $140.2M | ||
| Q4 24 | $45.6B | $96.9M | ||
| Q3 24 | $26.0B | $91.3M | ||
| Q2 24 | $25.3B | $199.7M | ||
| Q1 24 | $19.0B | $234.7M |
| Q4 25 | $14.9B | $-13.6M | ||
| Q3 25 | $430.0M | $21.8M | ||
| Q2 25 | $332.0M | $106.6M | ||
| Q1 25 | $-8.0B | $76.4M | ||
| Q4 24 | $17.8B | $34.4M | ||
| Q3 24 | $3.4B | $50.1M | ||
| Q2 24 | $7.7B | $167.4M | ||
| Q1 24 | $4.1B | $178.9M |
| Q4 25 | 7.0% | -1.0% | ||
| Q3 25 | 0.2% | 1.4% | ||
| Q2 25 | 0.2% | 7.9% | ||
| Q1 25 | -5.1% | 4.6% | ||
| Q4 24 | 9.5% | 2.6% | ||
| Q3 24 | 2.1% | 3.2% | ||
| Q2 24 | 5.2% | 12.3% | ||
| Q1 24 | 2.8% | 10.0% |
| Q4 25 | 18.5% | 4.5% | ||
| Q3 25 | 19.5% | 3.5% | ||
| Q2 25 | 19.2% | 3.8% | ||
| Q1 25 | 16.1% | 3.8% | ||
| Q4 24 | 14.8% | 4.6% | ||
| Q3 24 | 14.2% | 2.7% | ||
| Q2 24 | 11.9% | 2.4% | ||
| Q1 24 | 10.4% | 3.1% |
| Q4 25 | 2.57× | 0.68× | ||
| Q3 25 | 1.68× | 0.63× | ||
| Q2 25 | 1.79× | 3.42× | ||
| Q1 25 | 0.99× | 1.05× | ||
| Q4 24 | 2.28× | 1.47× | ||
| Q3 24 | 1.69× | 0.64× | ||
| Q2 24 | 1.87× | 2.61× | ||
| Q1 24 | 1.82× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMZN
| Products | $90.0B | 42% |
| Third Party Seller Services | $52.8B | 25% |
| Other | $49.9B | 23% |
| Subscription Services | $13.1B | 6% |
| Physical Stores | $5.9B | 3% |
| Other Services | $1.7B | 1% |
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
