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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and AVIENT CORP (AVNT). Click either name above to swap in a different company.
Academy Sports & Outdoors, Inc. is the larger business by last-quarter revenue ($1.4B vs $760.6M, roughly 1.8× AVIENT CORP). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 2.2%, a 2.9% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs 1.9%). AVIENT CORP produced more free cash flow last quarter ($125.4M vs $-13.6M). Over the past eight quarters, AVIENT CORP's revenue compounded faster (-4.2% CAGR vs -12.2%).
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.
Avient Corporation is a global materials solutions company headquartered in Avon Lake, Ohio, United States, employing approximately 9,000 people worldwide. Its products include colorants, advanced composites, functional additives and engineered materials.
ASO vs AVNT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $760.6M |
| Net Profit | $71.6M | $16.9M |
| Gross Margin | 35.7% | 30.2% |
| Operating Margin | 7.3% | 5.2% |
| Net Margin | 5.2% | 2.2% |
| Revenue YoY | 3.0% | 1.9% |
| Net Profit YoY | 8.8% | -65.0% |
| EPS (diluted) | $1.05 | $0.18 |
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 | $1.4B | $760.6M | ||
| Q3 25 | $1.6B | $806.5M | ||
| Q2 25 | $1.4B | $866.5M | ||
| Q1 25 | $1.7B | $826.6M | ||
| Q4 24 | $1.3B | $746.5M | ||
| Q3 24 | $1.5B | $815.2M | ||
| Q2 24 | $1.4B | $849.7M | ||
| Q1 24 | $1.8B | $829.0M |
| Q4 25 | $71.6M | $16.9M | ||
| Q3 25 | $125.4M | $32.6M | ||
| Q2 25 | $46.1M | $52.6M | ||
| Q1 25 | $133.6M | $-20.2M | ||
| Q4 24 | $65.8M | $48.3M | ||
| Q3 24 | $142.6M | $38.2M | ||
| Q2 24 | $76.5M | $33.6M | ||
| Q1 24 | $168.2M | $49.4M |
| Q4 25 | 35.7% | 30.2% | ||
| Q3 25 | 36.0% | 30.4% | ||
| Q2 25 | 34.0% | 32.1% | ||
| Q1 25 | 32.2% | 31.8% | ||
| Q4 24 | 34.0% | 34.8% | ||
| Q3 24 | 36.1% | 32.1% | ||
| Q2 24 | 33.4% | 30.3% | ||
| Q1 24 | 33.3% | 33.6% |
| Q4 25 | 7.3% | 5.2% | ||
| Q3 25 | 10.8% | 8.3% | ||
| Q2 25 | 5.1% | 11.1% | ||
| Q1 25 | 9.2% | 0.1% | ||
| Q4 24 | 6.8% | 11.5% | ||
| Q3 24 | 12.3% | 9.5% | ||
| Q2 24 | 7.5% | 8.5% | ||
| Q1 24 | 11.4% | 11.3% |
| Q4 25 | 5.2% | 2.2% | ||
| Q3 25 | 7.8% | 4.0% | ||
| Q2 25 | 3.4% | 6.1% | ||
| Q1 25 | 8.0% | -2.4% | ||
| Q4 24 | 4.9% | 6.5% | ||
| Q3 24 | 9.2% | 4.7% | ||
| Q2 24 | 5.6% | 4.0% | ||
| Q1 24 | 9.4% | 6.0% |
| Q4 25 | $1.05 | $0.18 | ||
| Q3 25 | $1.85 | $0.36 | ||
| Q2 25 | $0.68 | $0.57 | ||
| Q1 25 | $1.85 | $-0.22 | ||
| Q4 24 | $0.92 | $0.53 | ||
| Q3 24 | $1.95 | $0.41 | ||
| Q2 24 | $1.01 | $0.36 | ||
| Q1 24 | $2.19 | $0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $289.5M | — |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.1B | $2.4B |
| Total Assets | $5.4B | $6.0B |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | — | ||
| Q2 25 | $285.1M | — | ||
| Q1 25 | $288.9M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $324.6M | — | ||
| Q2 24 | $378.1M | — | ||
| Q1 24 | $347.9M | — |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $1.9B | $2.3B | ||
| Q1 24 | $2.0B | $2.3B |
| Q4 25 | $5.4B | $6.0B | ||
| Q3 25 | $5.3B | $6.1B | ||
| Q2 25 | $5.2B | $6.1B | ||
| Q1 25 | $4.9B | $5.8B | ||
| Q4 24 | $5.1B | $5.8B | ||
| Q3 24 | $4.9B | $6.0B | ||
| Q2 24 | $4.9B | $5.9B | ||
| Q1 24 | $4.7B | $5.9B |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.90× |
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 | $49.0M | $167.8M |
| Free Cash FlowOCF − Capex | $-13.6M | $125.4M |
| FCF MarginFCF / Revenue | -1.0% | 16.5% |
| Capex IntensityCapex / Revenue | 4.5% | 5.6% |
| Cash ConversionOCF / Net Profit | 0.68× | 9.93× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $195.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $167.8M | ||
| Q3 25 | $78.6M | $72.1M | ||
| Q2 25 | $157.5M | $112.8M | ||
| Q1 25 | $140.2M | $-51.1M | ||
| Q4 24 | $96.9M | $122.6M | ||
| Q3 24 | $91.3M | $71.1M | ||
| Q2 24 | $199.7M | $105.9M | ||
| Q1 24 | $234.7M | $-42.8M |
| Q4 25 | $-13.6M | $125.4M | ||
| Q3 25 | $21.8M | $47.4M | ||
| Q2 25 | $106.6M | $85.8M | ||
| Q1 25 | $76.4M | $-63.6M | ||
| Q4 24 | $34.4M | $81.5M | ||
| Q3 24 | $50.1M | $46.1M | ||
| Q2 24 | $167.4M | $74.5M | ||
| Q1 24 | $178.9M | $-67.2M |
| Q4 25 | -1.0% | 16.5% | ||
| Q3 25 | 1.4% | 5.9% | ||
| Q2 25 | 7.9% | 9.9% | ||
| Q1 25 | 4.6% | -7.7% | ||
| Q4 24 | 2.6% | 10.9% | ||
| Q3 24 | 3.2% | 5.7% | ||
| Q2 24 | 12.3% | 8.8% | ||
| Q1 24 | 10.0% | -8.1% |
| Q4 25 | 4.5% | 5.6% | ||
| Q3 25 | 3.5% | 3.1% | ||
| Q2 25 | 3.8% | 3.1% | ||
| Q1 25 | 3.8% | 1.5% | ||
| Q4 24 | 4.6% | 5.5% | ||
| Q3 24 | 2.7% | 3.1% | ||
| Q2 24 | 2.4% | 3.7% | ||
| Q1 24 | 3.1% | 2.9% |
| Q4 25 | 0.68× | 9.93× | ||
| Q3 25 | 0.63× | 2.21× | ||
| Q2 25 | 3.42× | 2.14× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 2.54× | ||
| Q3 24 | 0.64× | 1.86× | ||
| Q2 24 | 2.61× | 3.15× | ||
| Q1 24 | 1.40× | -0.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
