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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and CONDUENT Inc (CNDT). 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 $770.0M, roughly 1.8× CONDUENT Inc). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -4.3%, a 9.5% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -3.8%). CONDUENT Inc produced more free cash flow last quarter ($24.0M vs $-13.6M). Over the past eight quarters, CONDUENT Inc's revenue compounded faster (-8.6% 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.
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.
ASO vs CNDT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $770.0M |
| Net Profit | $71.6M | $-33.0M |
| Gross Margin | 35.7% | 19.0% |
| Operating Margin | 7.3% | -3.6% |
| Net Margin | 5.2% | -4.3% |
| Revenue YoY | 3.0% | -3.8% |
| Net Profit YoY | 8.8% | -175.0% |
| EPS (diluted) | $1.05 | $-0.25 |
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 | $770.0M | ||
| Q3 25 | $1.6B | $767.0M | ||
| Q2 25 | $1.4B | $754.0M | ||
| Q1 25 | $1.7B | $751.0M | ||
| Q4 24 | $1.3B | $800.0M | ||
| Q3 24 | $1.5B | $807.0M | ||
| Q2 24 | $1.4B | $828.0M | ||
| Q1 24 | $1.8B | $921.0M |
| Q4 25 | $71.6M | $-33.0M | ||
| Q3 25 | $125.4M | $-46.0M | ||
| Q2 25 | $46.1M | $-40.0M | ||
| Q1 25 | $133.6M | $-51.0M | ||
| Q4 24 | $65.8M | $-12.0M | ||
| Q3 24 | $142.6M | $123.0M | ||
| Q2 24 | $76.5M | $216.0M | ||
| Q1 24 | $168.2M | $99.0M |
| Q4 25 | 35.7% | 19.0% | ||
| Q3 25 | 36.0% | 17.7% | ||
| Q2 25 | 34.0% | 18.2% | ||
| Q1 25 | 32.2% | 17.7% | ||
| Q4 24 | 34.0% | 17.3% | ||
| Q3 24 | 36.1% | 18.7% | ||
| Q2 24 | 33.4% | 18.2% | ||
| Q1 24 | 33.3% | 20.2% |
| Q4 25 | 7.3% | -3.6% | ||
| Q3 25 | 10.8% | -5.0% | ||
| Q2 25 | 5.1% | -5.0% | ||
| Q1 25 | 9.2% | -7.5% | ||
| Q4 24 | 6.8% | -10.3% | ||
| Q3 24 | 12.3% | 19.7% | ||
| Q2 24 | 7.5% | 36.2% | ||
| Q1 24 | 11.4% | 13.8% |
| Q4 25 | 5.2% | -4.3% | ||
| Q3 25 | 7.8% | -6.0% | ||
| Q2 25 | 3.4% | -5.3% | ||
| Q1 25 | 8.0% | -6.8% | ||
| Q4 24 | 4.9% | -1.5% | ||
| Q3 24 | 9.2% | 15.2% | ||
| Q2 24 | 5.6% | 26.1% | ||
| Q1 24 | 9.4% | 10.7% |
| Q4 25 | $1.05 | $-0.25 | ||
| Q3 25 | $1.85 | $-0.30 | ||
| Q2 25 | $0.68 | $-0.26 | ||
| Q1 25 | $1.85 | $-0.33 | ||
| Q4 24 | $0.92 | $-0.02 | ||
| Q3 24 | $1.95 | $0.72 | ||
| Q2 24 | $1.01 | $1.07 | ||
| Q1 24 | $2.19 | $0.46 |
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 | $233.0M |
| Total DebtLower is stronger | — | $665.0M |
| Stockholders' EquityBook value | $2.1B | $685.0M |
| Total Assets | $5.4B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.97× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $233.0M | ||
| Q3 25 | $300.9M | $248.0M | ||
| Q2 25 | $285.1M | $275.0M | ||
| Q1 25 | $288.9M | $277.0M | ||
| Q4 24 | $296.0M | $366.0M | ||
| Q3 24 | $324.6M | $393.0M | ||
| Q2 24 | $378.1M | $300.0M | ||
| Q1 24 | $347.9M | $415.0M |
| Q4 25 | — | $665.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $685.0M | ||
| Q3 25 | $2.1B | $717.0M | ||
| Q2 25 | $1.9B | $777.0M | ||
| Q1 25 | $2.0B | $800.0M | ||
| Q4 24 | $2.0B | $839.0M | ||
| Q3 24 | $2.0B | $877.0M | ||
| Q2 24 | $1.9B | $751.0M | ||
| Q1 24 | $2.0B | $701.0M |
| Q4 25 | $5.4B | $2.4B | ||
| Q3 25 | $5.3B | $2.5B | ||
| Q2 25 | $5.2B | $2.5B | ||
| Q1 25 | $4.9B | $2.5B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $4.9B | $2.8B | ||
| Q2 24 | $4.9B | $2.8B | ||
| Q1 24 | $4.7B | $3.1B |
| Q4 25 | — | 0.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $39.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $24.0M |
| FCF MarginFCF / Revenue | -1.0% | 3.1% |
| Capex IntensityCapex / Revenue | 4.5% | 1.9% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $-132.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $39.0M | ||
| Q3 25 | $78.6M | $-39.0M | ||
| Q2 25 | $157.5M | $-15.0M | ||
| Q1 25 | $140.2M | $-58.0M | ||
| Q4 24 | $96.9M | $41.0M | ||
| Q3 24 | $91.3M | $-13.0M | ||
| Q2 24 | $199.7M | $-41.0M | ||
| Q1 24 | $234.7M | $-37.0M |
| Q4 25 | $-13.6M | $24.0M | ||
| Q3 25 | $21.8M | $-54.0M | ||
| Q2 25 | $106.6M | $-30.0M | ||
| Q1 25 | $76.4M | $-72.0M | ||
| Q4 24 | $34.4M | $30.0M | ||
| Q3 24 | $50.1M | $-21.0M | ||
| Q2 24 | $167.4M | $-59.0M | ||
| Q1 24 | $178.9M | $-50.0M |
| Q4 25 | -1.0% | 3.1% | ||
| Q3 25 | 1.4% | -7.0% | ||
| Q2 25 | 7.9% | -4.0% | ||
| Q1 25 | 4.6% | -9.6% | ||
| Q4 24 | 2.6% | 3.8% | ||
| Q3 24 | 3.2% | -2.6% | ||
| Q2 24 | 12.3% | -7.1% | ||
| Q1 24 | 10.0% | -5.4% |
| Q4 25 | 4.5% | 1.9% | ||
| Q3 25 | 3.5% | 2.0% | ||
| Q2 25 | 3.8% | 2.0% | ||
| Q1 25 | 3.8% | 1.9% | ||
| Q4 24 | 4.6% | 1.4% | ||
| Q3 24 | 2.7% | 1.0% | ||
| Q2 24 | 2.4% | 2.2% | ||
| Q1 24 | 3.1% | 1.4% |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | -0.11× | ||
| Q2 24 | 2.61× | -0.19× | ||
| Q1 24 | 1.40× | -0.37× |
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% |
CNDT
| Government Segment | $230.0M | 30% |
| Integrated Digital Solutions | $134.0M | 17% |
| Customer Experience Management | $127.0M | 16% |
| B Paa S | $116.0M | 15% |
| Government Services Solutions | $93.0M | 12% |
| Transferred At Point In Time | $36.0M | 5% |
| Other | $34.0M | 4% |
