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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Digital Realty (DLR). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.2× Academy Sports & Outdoors, Inc.). Digital Realty runs the higher net margin — 6.0% vs 5.2%, a 0.9% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 3.0%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% 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.

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

ASO vs DLR — Head-to-Head

Bigger by revenue
DLR
DLR
1.2× larger
DLR
$1.6B
$1.4B
ASO
Growing faster (revenue YoY)
DLR
DLR
+13.1% gap
DLR
16.1%
3.0%
ASO
Higher net margin
DLR
DLR
0.9% more per $
DLR
6.0%
5.2%
ASO
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ASO
ASO
DLR
DLR
Revenue
$1.4B
$1.6B
Net Profit
$71.6M
$98.6M
Gross Margin
35.7%
Operating Margin
7.3%
6.9%
Net Margin
5.2%
6.0%
Revenue YoY
3.0%
16.1%
Net Profit YoY
8.8%
-10.3%
EPS (diluted)
$1.05
$0.22

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
DLR
DLR
Q1 26
$1.6B
Q4 25
$1.4B
$1.6B
Q3 25
$1.6B
$1.6B
Q2 25
$1.4B
$1.5B
Q1 25
$1.7B
$1.4B
Q4 24
$1.3B
$1.4B
Q3 24
$1.5B
$1.4B
Q2 24
$1.4B
$1.4B
Net Profit
ASO
ASO
DLR
DLR
Q1 26
$98.6M
Q4 25
$71.6M
$98.6M
Q3 25
$125.4M
$67.8M
Q2 25
$46.1M
$1.0B
Q1 25
$133.6M
$110.0M
Q4 24
$65.8M
$189.6M
Q3 24
$142.6M
$51.2M
Q2 24
$76.5M
$80.2M
Gross Margin
ASO
ASO
DLR
DLR
Q1 26
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%
Operating Margin
ASO
ASO
DLR
DLR
Q1 26
6.9%
Q4 25
7.3%
6.9%
Q3 25
10.8%
8.8%
Q2 25
5.1%
14.2%
Q1 25
9.2%
13.9%
Q4 24
6.8%
10.1%
Q3 24
12.3%
11.8%
Q2 24
7.5%
0.7%
Net Margin
ASO
ASO
DLR
DLR
Q1 26
6.0%
Q4 25
5.2%
6.0%
Q3 25
7.8%
4.3%
Q2 25
3.4%
69.1%
Q1 25
8.0%
7.8%
Q4 24
4.9%
13.2%
Q3 24
9.2%
3.6%
Q2 24
5.6%
5.9%
EPS (diluted)
ASO
ASO
DLR
DLR
Q1 26
$0.22
Q4 25
$1.05
$0.22
Q3 25
$1.85
$0.15
Q2 25
$0.68
$2.94
Q1 25
$1.85
$0.27
Q4 24
$0.92
$0.50
Q3 24
$1.95
$0.09
Q2 24
$1.01
$0.20

Balance Sheet & Financial Strength

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

Metric
ASO
ASO
DLR
DLR
Cash + ST InvestmentsLiquidity on hand
$289.5M
$3.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$22.9B
Total Assets
$5.4B
$49.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
DLR
DLR
Q1 26
$3.5B
Q4 25
$289.5M
$3.5B
Q3 25
$300.9M
$3.3B
Q2 25
$285.1M
$3.6B
Q1 25
$288.9M
$2.3B
Q4 24
$296.0M
$3.9B
Q3 24
$324.6M
$2.2B
Q2 24
$378.1M
$2.3B
Stockholders' Equity
ASO
ASO
DLR
DLR
Q1 26
$22.9B
Q4 25
$2.1B
$22.9B
Q3 25
$2.1B
$23.0B
Q2 25
$1.9B
$22.9B
Q1 25
$2.0B
$21.3B
Q4 24
$2.0B
$21.3B
Q3 24
$2.0B
$21.2B
Q2 24
$1.9B
$20.5B
Total Assets
ASO
ASO
DLR
DLR
Q1 26
$49.4B
Q4 25
$5.4B
$49.4B
Q3 25
$5.3B
$48.7B
Q2 25
$5.2B
$48.7B
Q1 25
$4.9B
$45.1B
Q4 24
$5.1B
$45.3B
Q3 24
$4.9B
$45.3B
Q2 24
$4.9B
$43.6B

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
DLR
DLR
Operating Cash FlowLast quarter
$49.0M
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
DLR
DLR
Q1 26
Q4 25
$49.0M
$719.0M
Q3 25
$78.6M
$652.9M
Q2 25
$157.5M
$641.2M
Q1 25
$140.2M
$399.1M
Q4 24
$96.9M
$769.5M
Q3 24
$91.3M
$566.5M
Q2 24
$199.7M
$573.2M
Free Cash Flow
ASO
ASO
DLR
DLR
Q1 26
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
FCF Margin
ASO
ASO
DLR
DLR
Q1 26
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%
Capex Intensity
ASO
ASO
DLR
DLR
Q1 26
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%
Cash Conversion
ASO
ASO
DLR
DLR
Q1 26
Q4 25
0.68×
7.29×
Q3 25
0.63×
9.63×
Q2 25
3.42×
0.62×
Q1 25
1.05×
3.63×
Q4 24
1.47×
4.06×
Q3 24
0.64×
11.07×
Q2 24
2.61×
7.15×

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%

DLR
DLR

Segment breakdown not available.

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