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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). Click either name above to swap in a different company.
AMERICAN AXLE & MANUFACTURING HOLDINGS INC is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -5.4%, a 10.6% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-13.6M). Over the past eight quarters, AMERICAN AXLE & MANUFACTURING HOLDINGS INC's revenue compounded faster (-7.2% 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.
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
ASO vs AXL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $71.6M | $-75.3M |
| Gross Margin | 35.7% | 10.2% |
| Operating Margin | 7.3% | -2.4% |
| Net Margin | 5.2% | -5.4% |
| Revenue YoY | 3.0% | 0.2% |
| Net Profit YoY | 8.8% | -449.6% |
| EPS (diluted) | $1.05 | $-0.62 |
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 | $1.4B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.8B | $1.6B |
| Q4 25 | $71.6M | $-75.3M | ||
| Q3 25 | $125.4M | $9.2M | ||
| Q2 25 | $46.1M | $39.3M | ||
| Q1 25 | $133.6M | $7.1M | ||
| Q4 24 | $65.8M | $-13.7M | ||
| Q3 24 | $142.6M | $10.0M | ||
| Q2 24 | $76.5M | $18.2M | ||
| Q1 24 | $168.2M | $20.5M |
| Q4 25 | 35.7% | 10.2% | ||
| Q3 25 | 36.0% | 12.6% | ||
| Q2 25 | 34.0% | 13.1% | ||
| Q1 25 | 32.2% | 12.3% | ||
| Q4 24 | 34.0% | 11.2% | ||
| Q3 24 | 36.1% | 11.4% | ||
| Q2 24 | 33.4% | 13.3% | ||
| Q1 24 | 33.3% | 12.4% |
| Q4 25 | 7.3% | -2.4% | ||
| Q3 25 | 10.8% | 3.2% | ||
| Q2 25 | 5.1% | 3.6% | ||
| Q1 25 | 9.2% | 3.0% | ||
| Q4 24 | 6.8% | 2.6% | ||
| Q3 24 | 12.3% | 2.8% | ||
| Q2 24 | 7.5% | 5.3% | ||
| Q1 24 | 11.4% | 4.8% |
| Q4 25 | 5.2% | -5.4% | ||
| Q3 25 | 7.8% | 0.6% | ||
| Q2 25 | 3.4% | 2.6% | ||
| Q1 25 | 8.0% | 0.5% | ||
| Q4 24 | 4.9% | -1.0% | ||
| Q3 24 | 9.2% | 0.7% | ||
| Q2 24 | 5.6% | 1.1% | ||
| Q1 24 | 9.4% | 1.3% |
| Q4 25 | $1.05 | $-0.62 | ||
| Q3 25 | $1.85 | $0.07 | ||
| Q2 25 | $0.68 | $0.32 | ||
| Q1 25 | $1.85 | $0.06 | ||
| Q4 24 | $0.92 | $-0.11 | ||
| Q3 24 | $1.95 | $0.08 | ||
| Q2 24 | $1.01 | $0.15 | ||
| Q1 24 | $2.19 | $0.17 |
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 | $708.9M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $2.1B | $640.0M |
| Total Assets | $5.4B | $6.7B |
| Debt / EquityLower = less leverage | — | 6.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $708.9M | ||
| Q3 25 | $300.9M | $714.1M | ||
| Q2 25 | $285.1M | $586.5M | ||
| Q1 25 | $288.9M | $549.2M | ||
| Q4 24 | $296.0M | $552.9M | ||
| Q3 24 | $324.6M | $542.5M | ||
| Q2 24 | $378.1M | $519.9M | ||
| Q1 24 | $347.9M | $469.8M |
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | $2.1B | $640.0M | ||
| Q3 25 | $2.1B | $718.4M | ||
| Q2 25 | $1.9B | $673.0M | ||
| Q1 25 | $2.0B | $596.3M | ||
| Q4 24 | $2.0B | $562.8M | ||
| Q3 24 | $2.0B | $616.3M | ||
| Q2 24 | $1.9B | $609.6M | ||
| Q1 24 | $2.0B | $621.4M |
| Q4 25 | $5.4B | $6.7B | ||
| Q3 25 | $5.3B | $5.3B | ||
| Q2 25 | $5.2B | $5.3B | ||
| Q1 25 | $4.9B | $5.1B | ||
| Q4 24 | $5.1B | $5.1B | ||
| Q3 24 | $4.9B | $5.3B | ||
| Q2 24 | $4.9B | $5.3B | ||
| Q1 24 | $4.7B | $5.4B |
| Q4 25 | — | 6.31× | ||
| Q3 25 | — | 3.61× | ||
| Q2 25 | — | 3.86× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | — | 4.58× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 4.42× | ||
| Q1 24 | — | 4.40× |
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 | $120.5M |
| Free Cash FlowOCF − Capex | $-13.6M | $54.7M |
| FCF MarginFCF / Revenue | -1.0% | 4.0% |
| Capex IntensityCapex / Revenue | 4.5% | 4.8% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $155.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $120.5M | ||
| Q3 25 | $78.6M | $143.3M | ||
| Q2 25 | $157.5M | $91.9M | ||
| Q1 25 | $140.2M | $55.9M | ||
| Q4 24 | $96.9M | $151.2M | ||
| Q3 24 | $91.3M | $143.6M | ||
| Q2 24 | $199.7M | $142.8M | ||
| Q1 24 | $234.7M | $17.8M |
| Q4 25 | $-13.6M | $54.7M | ||
| Q3 25 | $21.8M | $79.2M | ||
| Q2 25 | $106.6M | $34.6M | ||
| Q1 25 | $76.4M | $-13.4M | ||
| Q4 24 | $34.4M | $73.2M | ||
| Q3 24 | $50.1M | $70.4M | ||
| Q2 24 | $167.4M | $94.0M | ||
| Q1 24 | $178.9M | $-30.2M |
| Q4 25 | -1.0% | 4.0% | ||
| Q3 25 | 1.4% | 5.3% | ||
| Q2 25 | 7.9% | 2.3% | ||
| Q1 25 | 4.6% | -0.9% | ||
| Q4 24 | 2.6% | 5.3% | ||
| Q3 24 | 3.2% | 4.7% | ||
| Q2 24 | 12.3% | 5.8% | ||
| Q1 24 | 10.0% | -1.9% |
| Q4 25 | 4.5% | 4.8% | ||
| Q3 25 | 3.5% | 4.3% | ||
| Q2 25 | 3.8% | 3.7% | ||
| Q1 25 | 3.8% | 4.9% | ||
| Q4 24 | 4.6% | 5.6% | ||
| Q3 24 | 2.7% | 4.9% | ||
| Q2 24 | 2.4% | 3.0% | ||
| Q1 24 | 3.1% | 3.0% |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 15.58× | ||
| Q2 25 | 3.42× | 2.34× | ||
| Q1 25 | 1.05× | 7.87× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 14.36× | ||
| Q2 24 | 2.61× | 7.85× | ||
| 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% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
