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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and BWX Technologies, Inc. (BWXT). 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 $860.2M, roughly 1.6× BWX Technologies, Inc.). BWX Technologies, Inc. runs the higher net margin — 10.6% vs 5.2%, a 5.4% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 3.0%). BWX Technologies, Inc. produced more free cash flow last quarter ($50.1M vs $-13.6M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (12.4% 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.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
ASO vs BWXT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $860.2M |
| Net Profit | $71.6M | $91.2M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 12.4% |
| Net Margin | 5.2% | 10.6% |
| Revenue YoY | 3.0% | 26.1% |
| Net Profit YoY | 8.8% | 20.7% |
| EPS (diluted) | $1.05 | $0.99 |
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.
| Q1 26 | — | $860.2M | ||
| Q4 25 | $1.4B | $885.8M | ||
| Q3 25 | $1.6B | $866.3M | ||
| Q2 25 | $1.4B | $764.0M | ||
| Q1 25 | $1.7B | $682.3M | ||
| Q4 24 | $1.3B | $746.3M | ||
| Q3 24 | $1.5B | $672.0M | ||
| Q2 24 | $1.4B | $681.5M |
| Q1 26 | — | $91.2M | ||
| Q4 25 | $71.6M | $93.0M | ||
| Q3 25 | $125.4M | $82.1M | ||
| Q2 25 | $46.1M | $78.4M | ||
| Q1 25 | $133.6M | $75.5M | ||
| Q4 24 | $65.8M | $71.0M | ||
| Q3 24 | $142.6M | $69.5M | ||
| Q2 24 | $76.5M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | — | ||
| Q3 25 | 36.0% | 21.8% | ||
| Q2 25 | 34.0% | 25.1% | ||
| Q1 25 | 32.2% | 24.2% | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 36.1% | 24.4% | ||
| Q2 24 | 33.4% | 24.7% |
| Q1 26 | — | 12.4% | ||
| Q4 25 | 7.3% | 10.4% | ||
| Q3 25 | 10.8% | 13.1% | ||
| Q2 25 | 5.1% | 13.4% | ||
| Q1 25 | 9.2% | 14.2% | ||
| Q4 24 | 6.8% | 12.4% | ||
| Q3 24 | 12.3% | 14.4% | ||
| Q2 24 | 7.5% | 14.5% |
| Q1 26 | — | 10.6% | ||
| Q4 25 | 5.2% | 10.5% | ||
| Q3 25 | 7.8% | 9.5% | ||
| Q2 25 | 3.4% | 10.3% | ||
| Q1 25 | 8.0% | 11.1% | ||
| Q4 24 | 4.9% | 9.5% | ||
| Q3 24 | 9.2% | 10.3% | ||
| Q2 24 | 5.6% | 10.7% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $1.05 | $1.02 | ||
| Q3 25 | $1.85 | $0.89 | ||
| Q2 25 | $0.68 | $0.85 | ||
| Q1 25 | $1.85 | $0.82 | ||
| Q4 24 | $0.92 | $0.77 | ||
| Q3 24 | $1.95 | $0.76 | ||
| Q2 24 | $1.01 | $0.79 |
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 | $512.4M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $2.1B | $1.3B |
| Total Assets | $5.4B | $4.3B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.4M | ||
| Q4 25 | $289.5M | $499.8M | ||
| Q3 25 | $300.9M | $79.6M | ||
| Q2 25 | $285.1M | $37.0M | ||
| Q1 25 | $288.9M | $55.4M | ||
| Q4 24 | $296.0M | $74.1M | ||
| Q3 24 | $324.6M | $35.5M | ||
| Q2 24 | $378.1M | $48.3M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.9B | $998.5M |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $5.4B | $4.3B | ||
| Q3 25 | $5.3B | $3.8B | ||
| Q2 25 | $5.2B | $3.7B | ||
| Q1 25 | $4.9B | $3.1B | ||
| Q4 24 | $5.1B | $2.9B | ||
| Q3 24 | $4.9B | $2.9B | ||
| Q2 24 | $4.9B | $2.8B |
| Q1 26 | — | 1.58× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $92.6M |
| Free Cash FlowOCF − Capex | $-13.6M | $50.1M |
| FCF MarginFCF / Revenue | -1.0% | 5.8% |
| Capex IntensityCapex / Revenue | 4.5% | 4.9% |
| Cash ConversionOCF / Net Profit | 0.68× | 1.02× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $328.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $92.6M | ||
| Q4 25 | $49.0M | $127.0M | ||
| Q3 25 | $78.6M | $143.2M | ||
| Q2 25 | $157.5M | $159.0M | ||
| Q1 25 | $140.2M | $50.6M | ||
| Q4 24 | $96.9M | $276.9M | ||
| Q3 24 | $91.3M | $32.6M | ||
| Q2 24 | $199.7M | $65.9M |
| Q1 26 | — | $50.1M | ||
| Q4 25 | $-13.6M | $56.8M | ||
| Q3 25 | $21.8M | $94.9M | ||
| Q2 25 | $106.6M | $126.3M | ||
| Q1 25 | $76.4M | $17.3M | ||
| Q4 24 | $34.4M | $224.4M | ||
| Q3 24 | $50.1M | $-7.7M | ||
| Q2 24 | $167.4M | $35.5M |
| Q1 26 | — | 5.8% | ||
| Q4 25 | -1.0% | 6.4% | ||
| Q3 25 | 1.4% | 11.0% | ||
| Q2 25 | 7.9% | 16.5% | ||
| Q1 25 | 4.6% | 2.5% | ||
| Q4 24 | 2.6% | 30.1% | ||
| Q3 24 | 3.2% | -1.1% | ||
| Q2 24 | 12.3% | 5.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 4.5% | 7.9% | ||
| Q3 25 | 3.5% | 5.6% | ||
| Q2 25 | 3.8% | 4.3% | ||
| Q1 25 | 3.8% | 4.9% | ||
| Q4 24 | 4.6% | 7.0% | ||
| Q3 24 | 2.7% | 6.0% | ||
| Q2 24 | 2.4% | 4.5% |
| Q1 26 | — | 1.02× | ||
| Q4 25 | 0.68× | 1.37× | ||
| Q3 25 | 0.63× | 1.74× | ||
| Q2 25 | 3.42× | 2.03× | ||
| Q1 25 | 1.05× | 0.67× | ||
| Q4 24 | 1.47× | 3.90× | ||
| Q3 24 | 0.64× | 0.47× | ||
| Q2 24 | 2.61× | 0.90× |
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% |
BWXT
Segment breakdown not available.
