vs
Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Circle Internet Group, Inc. (CRCL). 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 $739.8M, roughly 1.9× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 5.2%, a 23.8% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 3.0%). Academy Sports & Outdoors, Inc. produced more free cash flow last quarter ($-13.6M vs $-14.7M).
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.
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
ASO vs CRCL — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $739.8M |
| Net Profit | $71.6M | $214.4M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 11.0% |
| Net Margin | 5.2% | 29.0% |
| Revenue YoY | 3.0% | 5113.5% |
| Net Profit YoY | 8.8% | 202.0% |
| EPS (diluted) | $1.05 | $0.64 |
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 | — | ||
| Q3 25 | $1.6B | $739.8M | ||
| Q2 25 | $1.4B | $658.1M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | $6.8M | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $71.6M | — | ||
| Q3 25 | $125.4M | $214.4M | ||
| Q2 25 | $46.1M | $-482.1M | ||
| Q1 25 | $133.6M | — | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $142.6M | — | ||
| Q2 24 | $76.5M | $32.9M | ||
| Q1 24 | $168.2M | — |
| 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% | — |
| Q4 25 | 7.3% | — | ||
| Q3 25 | 10.8% | 11.0% | ||
| Q2 25 | 5.1% | -49.5% | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 11.4% | — |
| Q4 25 | 5.2% | — | ||
| Q3 25 | 7.8% | 29.0% | ||
| Q2 25 | 3.4% | -73.3% | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 5.6% | 486.5% | ||
| Q1 24 | 9.4% | — |
| Q4 25 | $1.05 | — | ||
| Q3 25 | $1.85 | $0.64 | ||
| Q2 25 | $0.68 | $-4.48 | ||
| Q1 25 | $1.85 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $1.95 | — | ||
| Q2 24 | $1.01 | $0.00 | ||
| Q1 24 | $2.19 | — |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $3.0B |
| Total Assets | $5.4B | $76.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | $1.3B | ||
| Q2 25 | $285.1M | $1.1B | ||
| Q1 25 | $288.9M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $324.6M | — | ||
| Q2 24 | $378.1M | $457.5M | ||
| Q1 24 | $347.9M | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | $460.9M | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.3B | $76.8B | ||
| Q2 25 | $5.2B | $64.2B | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.7B | — |
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 | $-10.7M |
| Free Cash FlowOCF − Capex | $-13.6M | $-14.7M |
| FCF MarginFCF / Revenue | -1.0% | -2.0% |
| Capex IntensityCapex / Revenue | 4.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 0.68× | -0.05× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | — | ||
| Q3 25 | $78.6M | $-10.7M | ||
| Q2 25 | $157.5M | $303.7M | ||
| Q1 25 | $140.2M | — | ||
| Q4 24 | $96.9M | — | ||
| Q3 24 | $91.3M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $234.7M | — |
| Q4 25 | $-13.6M | — | ||
| Q3 25 | $21.8M | $-14.7M | ||
| Q2 25 | $106.6M | $296.3M | ||
| Q1 25 | $76.4M | — | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | — | ||
| Q2 24 | $167.4M | — | ||
| Q1 24 | $178.9M | — |
| Q4 25 | -1.0% | — | ||
| Q3 25 | 1.4% | -2.0% | ||
| Q2 25 | 7.9% | 45.0% | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 10.0% | — |
| Q4 25 | 4.5% | — | ||
| Q3 25 | 3.5% | 0.5% | ||
| Q2 25 | 3.8% | 1.1% | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | -0.05× | ||
| 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
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
CRCL
Segment breakdown not available.
