vs
Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and CVR ENERGY INC (CVI). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.4× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -8.1%, a 13.3% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 3.0%). CVR ENERGY INC produced more free cash flow last quarter ($21.0M vs $-13.6M). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (0.3% 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.
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
ASO vs CVI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.0B |
| Net Profit | $71.6M | $-160.0M |
| Gross Margin | 35.7% | -5.2% |
| Operating Margin | 7.3% | — |
| Net Margin | 5.2% | -8.1% |
| Revenue YoY | 3.0% | 20.3% |
| Net Profit YoY | 8.8% | -56.1% |
| EPS (diluted) | $1.05 | $-1.91 |
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 | — | $2.0B | ||
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.4B | $2.0B |
| Q1 26 | — | $-160.0M | ||
| Q4 25 | $71.6M | $-110.0M | ||
| Q3 25 | $125.4M | $374.0M | ||
| Q2 25 | $46.1M | $-114.0M | ||
| Q1 25 | $133.6M | $-123.0M | ||
| Q4 24 | $65.8M | $28.0M | ||
| Q3 24 | $142.6M | $-124.0M | ||
| Q2 24 | $76.5M | $21.0M |
| Q1 26 | — | -5.2% | ||
| Q4 25 | 35.7% | -3.1% | ||
| Q3 25 | 36.0% | 28.8% | ||
| Q2 25 | 34.0% | -3.7% | ||
| Q1 25 | 32.2% | -5.5% | ||
| Q4 24 | 34.0% | 3.0% | ||
| Q3 24 | 36.1% | -3.9% | ||
| Q2 24 | 33.4% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | -5.3% | ||
| Q3 25 | 10.8% | 26.3% | ||
| Q2 25 | 5.1% | -5.8% | ||
| Q1 25 | 9.2% | -8.0% | ||
| Q4 24 | 6.8% | 1.1% | ||
| Q3 24 | 12.3% | -6.2% | ||
| Q2 24 | 7.5% | 1.4% |
| Q1 26 | — | -8.1% | ||
| Q4 25 | 5.2% | -6.1% | ||
| Q3 25 | 7.8% | 19.2% | ||
| Q2 25 | 3.4% | -6.5% | ||
| Q1 25 | 8.0% | -7.5% | ||
| Q4 24 | 4.9% | 1.4% | ||
| Q3 24 | 9.2% | -6.8% | ||
| Q2 24 | 5.6% | 1.1% |
| Q1 26 | — | $-1.91 | ||
| Q4 25 | $1.05 | $-1.09 | ||
| Q3 25 | $1.85 | $3.72 | ||
| Q2 25 | $0.68 | $-1.14 | ||
| Q1 25 | $1.85 | $-1.22 | ||
| Q4 24 | $0.92 | $0.28 | ||
| Q3 24 | $1.95 | $-1.24 | ||
| Q2 24 | $1.01 | $0.21 |
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 | $512.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $5.4B | $3.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $289.5M | $511.0M | ||
| Q3 25 | $300.9M | $670.0M | ||
| Q2 25 | $285.1M | $596.0M | ||
| Q1 25 | $288.9M | $695.0M | ||
| Q4 24 | $296.0M | $987.0M | ||
| Q3 24 | $324.6M | $534.0M | ||
| Q2 24 | $378.1M | $586.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $730.0M | ||
| Q3 25 | $2.1B | $840.0M | ||
| Q2 25 | $1.9B | $466.0M | ||
| Q1 25 | $2.0B | $580.0M | ||
| Q4 24 | $2.0B | $703.0M | ||
| Q3 24 | $2.0B | $675.0M | ||
| Q2 24 | $1.9B | $849.0M |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $5.4B | $3.7B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $5.2B | $4.0B | ||
| Q1 25 | $4.9B | $4.3B | ||
| Q4 24 | $5.1B | $4.3B | ||
| Q3 24 | $4.9B | $3.9B | ||
| Q2 24 | $4.9B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.33× | ||
| Q2 24 | — | 1.86× |
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 | — |
| Free Cash FlowOCF − Capex | $-13.6M | $21.0M |
| FCF MarginFCF / Revenue | -1.0% | 1.1% |
| Capex IntensityCapex / Revenue | 4.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.0M | $0 | ||
| Q3 25 | $78.6M | $163.0M | ||
| Q2 25 | $157.5M | $176.0M | ||
| Q1 25 | $140.2M | $-195.0M | ||
| Q4 24 | $96.9M | $98.0M | ||
| Q3 24 | $91.3M | $48.0M | ||
| Q2 24 | $199.7M | $81.0M |
| Q1 26 | — | $21.0M | ||
| Q4 25 | $-13.6M | — | ||
| Q3 25 | $21.8M | $125.0M | ||
| Q2 25 | $106.6M | $135.0M | ||
| Q1 25 | $76.4M | $-246.0M | ||
| Q4 24 | $34.4M | $43.0M | ||
| Q3 24 | $50.1M | $14.0M | ||
| Q2 24 | $167.4M | $38.0M |
| Q1 26 | — | 1.1% | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | 1.4% | 6.4% | ||
| Q2 25 | 7.9% | 7.7% | ||
| Q1 25 | 4.6% | -14.9% | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 3.2% | 0.8% | ||
| Q2 24 | 12.3% | 1.9% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 4.5% | 3.0% | ||
| Q3 25 | 3.5% | 2.0% | ||
| Q2 25 | 3.8% | 2.3% | ||
| Q1 25 | 3.8% | 3.1% | ||
| Q4 24 | 4.6% | 2.8% | ||
| Q3 24 | 2.7% | 1.9% | ||
| Q2 24 | 2.4% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 0.44× | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 3.50× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | 3.86× |
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% |
CVI
Segment breakdown not available.
