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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and CIVITAS RESOURCES, INC. (CIVI). 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 $1.2B, roughly 1.2× CIVITAS RESOURCES, INC.). On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -8.2%). Over the past eight quarters, CIVITAS RESOURCES, INC.'s revenue compounded faster (1.8% 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.

Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.

ASO vs CIVI — Head-to-Head

Bigger by revenue
ASO
ASO
1.2× larger
ASO
$1.4B
$1.2B
CIVI
Growing faster (revenue YoY)
ASO
ASO
+11.2% gap
ASO
3.0%
-8.2%
CIVI
Faster 2-yr revenue CAGR
CIVI
CIVI
Annualised
CIVI
1.8%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
ASO
ASO
CIVI
CIVI
Revenue
$1.4B
$1.2B
Net Profit
$71.6M
Gross Margin
35.7%
Operating Margin
7.3%
20.0%
Net Margin
5.2%
Revenue YoY
3.0%
-8.2%
Net Profit YoY
8.8%
EPS (diluted)
$1.05
$1.99

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.

Revenue
ASO
ASO
CIVI
CIVI
Q4 25
$1.4B
Q3 25
$1.6B
$1.2B
Q2 25
$1.4B
$1.1B
Q1 25
$1.7B
$1.2B
Q4 24
$1.3B
$1.3B
Q3 24
$1.5B
$1.3B
Q2 24
$1.4B
$1.3B
Q1 24
$1.8B
$1.3B
Net Profit
ASO
ASO
CIVI
CIVI
Q4 25
$71.6M
Q3 25
$125.4M
Q2 25
$46.1M
Q1 25
$133.6M
Q4 24
$65.8M
Q3 24
$142.6M
Q2 24
$76.5M
Q1 24
$168.2M
Gross Margin
ASO
ASO
CIVI
CIVI
Q4 25
35.7%
Q3 25
36.0%
Q2 25
34.0%
Q1 25
32.2%
Q4 24
34.0%
Q3 24
36.1%
Q2 24
33.4%
Q1 24
33.3%
Operating Margin
ASO
ASO
CIVI
CIVI
Q4 25
7.3%
Q3 25
10.8%
20.0%
Q2 25
5.1%
15.3%
Q1 25
9.2%
20.7%
Q4 24
6.8%
15.4%
Q3 24
12.3%
30.6%
Q2 24
7.5%
21.6%
Q1 24
11.4%
15.9%
Net Margin
ASO
ASO
CIVI
CIVI
Q4 25
5.2%
Q3 25
7.8%
Q2 25
3.4%
Q1 25
8.0%
Q4 24
4.9%
Q3 24
9.2%
Q2 24
5.6%
Q1 24
9.4%
EPS (diluted)
ASO
ASO
CIVI
CIVI
Q4 25
$1.05
Q3 25
$1.85
$1.99
Q2 25
$0.68
$1.34
Q1 25
$1.85
$1.99
Q4 24
$0.92
$1.56
Q3 24
$1.95
$3.01
Q2 24
$1.01
$2.15
Q1 24
$2.19
$1.74

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASO
ASO
CIVI
CIVI
Cash + ST InvestmentsLiquidity on hand
$289.5M
$56.0M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$2.1B
$6.7B
Total Assets
$5.4B
$15.1B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
CIVI
CIVI
Q4 25
$289.5M
Q3 25
$300.9M
$56.0M
Q2 25
$285.1M
$69.0M
Q1 25
$288.9M
$20.0M
Q4 24
$296.0M
$76.0M
Q3 24
$324.6M
$47.1M
Q2 24
$378.1M
$91.9M
Q1 24
$347.9M
$52.1M
Total Debt
ASO
ASO
CIVI
CIVI
Q4 25
Q3 25
$5.1B
Q2 25
$5.4B
Q1 25
$5.1B
Q4 24
$4.5B
Q3 24
$4.8B
Q2 24
$4.9B
Q1 24
$4.4B
Stockholders' Equity
ASO
ASO
CIVI
CIVI
Q4 25
$2.1B
Q3 25
$2.1B
$6.7B
Q2 25
$1.9B
$6.8B
Q1 25
$2.0B
$6.7B
Q4 24
$2.0B
$6.6B
Q3 24
$2.0B
$6.7B
Q2 24
$1.9B
$6.6B
Q1 24
$2.0B
$6.6B
Total Assets
ASO
ASO
CIVI
CIVI
Q4 25
$5.4B
Q3 25
$5.3B
$15.1B
Q2 25
$5.2B
$15.4B
Q1 25
$4.9B
$15.3B
Q4 24
$5.1B
$14.9B
Q3 24
$4.9B
$15.0B
Q2 24
$4.9B
$15.0B
Q1 24
$4.7B
$15.1B
Debt / Equity
ASO
ASO
CIVI
CIVI
Q4 25
Q3 25
0.77×
Q2 25
0.79×
Q1 25
0.76×
Q4 24
0.68×
Q3 24
0.73×
Q2 24
0.74×
Q1 24
0.67×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASO
ASO
CIVI
CIVI
Operating Cash FlowLast quarter
$49.0M
$860.0M
Free Cash FlowOCF − Capex
$-13.6M
FCF MarginFCF / Revenue
-1.0%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$191.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASO
ASO
CIVI
CIVI
Q4 25
$49.0M
Q3 25
$78.6M
$860.0M
Q2 25
$157.5M
$298.0M
Q1 25
$140.2M
$719.0M
Q4 24
$96.9M
$858.2M
Q3 24
$91.3M
$835.0M
Q2 24
$199.7M
$359.0M
Q1 24
$234.7M
$813.0M
Free Cash Flow
ASO
ASO
CIVI
CIVI
Q4 25
$-13.6M
Q3 25
$21.8M
Q2 25
$106.6M
Q1 25
$76.4M
Q4 24
$34.4M
Q3 24
$50.1M
Q2 24
$167.4M
Q1 24
$178.9M
FCF Margin
ASO
ASO
CIVI
CIVI
Q4 25
-1.0%
Q3 25
1.4%
Q2 25
7.9%
Q1 25
4.6%
Q4 24
2.6%
Q3 24
3.2%
Q2 24
12.3%
Q1 24
10.0%
Capex Intensity
ASO
ASO
CIVI
CIVI
Q4 25
4.5%
Q3 25
3.5%
Q2 25
3.8%
Q1 25
3.8%
Q4 24
4.6%
Q3 24
2.7%
Q2 24
2.4%
Q1 24
3.1%
Cash Conversion
ASO
ASO
CIVI
CIVI
Q4 25
0.68×
Q3 25
0.63×
Q2 25
3.42×
Q1 25
1.05×
Q4 24
1.47×
Q3 24
0.64×
Q2 24
2.61×
Q1 24
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASO
ASO

Outdoors$445.1M32%
Apparel$349.8M25%
Footwear$292.4M21%
Sports And Recreation$288.7M21%
Other$7.6M1%

CIVI
CIVI

Crude Oil Natural Gas And Natural Gas Liquids$1.2B99%
Oil And Gas Operation And Maintenance$8.0M1%
Natural Gas Reserves$2.0M0%

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