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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and EnerSys (ENS). 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 $919.1M, roughly 1.5× EnerSys). EnerSys runs the higher net margin — 9.8% vs 5.2%, a 4.7% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $-13.6M). Over the past eight quarters, EnerSys's revenue compounded faster (0.5% 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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
ASO vs ENS — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $919.1M |
| Net Profit | $71.6M | $90.4M |
| Gross Margin | 35.7% | 30.1% |
| Operating Margin | 7.3% | 13.5% |
| Net Margin | 5.2% | 9.8% |
| Revenue YoY | 3.0% | 1.4% |
| Net Profit YoY | 8.8% | -21.3% |
| EPS (diluted) | $1.05 | $2.40 |
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 | $919.1M | ||
| Q3 25 | $1.6B | $951.3M | ||
| Q2 25 | $1.4B | $893.0M | ||
| Q1 25 | $1.7B | $974.8M | ||
| Q4 24 | $1.3B | $906.2M | ||
| Q3 24 | $1.5B | $883.7M | ||
| Q2 24 | $1.4B | $852.9M | ||
| Q1 24 | $1.8B | $910.7M |
| Q4 25 | $71.6M | $90.4M | ||
| Q3 25 | $125.4M | $68.4M | ||
| Q2 25 | $46.1M | $57.5M | ||
| Q1 25 | $133.6M | $96.5M | ||
| Q4 24 | $65.8M | $114.8M | ||
| Q3 24 | $142.6M | $82.3M | ||
| Q2 24 | $76.5M | $70.1M | ||
| Q1 24 | $168.2M | $60.9M |
| Q4 25 | 35.7% | 30.1% | ||
| Q3 25 | 36.0% | 29.1% | ||
| Q2 25 | 34.0% | 28.4% | ||
| Q1 25 | 32.2% | 31.2% | ||
| Q4 24 | 34.0% | 32.9% | ||
| Q3 24 | 36.1% | 28.5% | ||
| Q2 24 | 33.4% | 27.9% | ||
| Q1 24 | 33.3% | 27.9% |
| Q4 25 | 7.3% | 13.5% | ||
| Q3 25 | 10.8% | 9.7% | ||
| Q2 25 | 5.1% | 9.7% | ||
| Q1 25 | 9.2% | 13.5% | ||
| Q4 24 | 6.8% | 15.7% | ||
| Q3 24 | 12.3% | 11.2% | ||
| Q2 24 | 7.5% | 10.7% | ||
| Q1 24 | 11.4% | 8.9% |
| Q4 25 | 5.2% | 9.8% | ||
| Q3 25 | 7.8% | 7.2% | ||
| Q2 25 | 3.4% | 6.4% | ||
| Q1 25 | 8.0% | 9.9% | ||
| Q4 24 | 4.9% | 12.7% | ||
| Q3 24 | 9.2% | 9.3% | ||
| Q2 24 | 5.6% | 8.2% | ||
| Q1 24 | 9.4% | 6.7% |
| Q4 25 | $1.05 | $2.40 | ||
| Q3 25 | $1.85 | $1.80 | ||
| Q2 25 | $0.68 | $1.46 | ||
| Q1 25 | $1.85 | $2.39 | ||
| Q4 24 | $0.92 | $2.88 | ||
| Q3 24 | $1.95 | $2.01 | ||
| Q2 24 | $1.01 | $1.71 | ||
| Q1 24 | $2.19 | $1.48 |
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 | $450.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $1.9B |
| Total Assets | $5.4B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $450.1M | ||
| Q3 25 | $300.9M | $388.6M | ||
| Q2 25 | $285.1M | $346.7M | ||
| Q1 25 | $288.9M | $343.1M | ||
| Q4 24 | $296.0M | $463.2M | ||
| Q3 24 | $324.6M | $407.9M | ||
| Q2 24 | $378.1M | $344.1M | ||
| Q1 24 | $347.9M | $333.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $802.0M |
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $2.0B | $1.8B |
| Q4 25 | $5.4B | $4.0B | ||
| Q3 25 | $5.3B | $4.1B | ||
| Q2 25 | $5.2B | $4.1B | ||
| Q1 25 | $4.9B | $4.0B | ||
| Q4 24 | $5.1B | $4.0B | ||
| Q3 24 | $4.9B | $4.0B | ||
| Q2 24 | $4.9B | $3.6B | ||
| Q1 24 | $4.7B | $3.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.46× |
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 | $184.6M |
| Free Cash FlowOCF − Capex | $-13.6M | $171.3M |
| FCF MarginFCF / Revenue | -1.0% | 18.6% |
| Capex IntensityCapex / Revenue | 4.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.68× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $184.6M | ||
| Q3 25 | $78.6M | $218.0M | ||
| Q2 25 | $157.5M | $968.0K | ||
| Q1 25 | $140.2M | $135.2M | ||
| Q4 24 | $96.9M | $81.1M | ||
| Q3 24 | $91.3M | $33.6M | ||
| Q2 24 | $199.7M | $10.4M | ||
| Q1 24 | $234.7M | — |
| Q4 25 | $-13.6M | $171.3M | ||
| Q3 25 | $21.8M | $197.1M | ||
| Q2 25 | $106.6M | $-32.1M | ||
| Q1 25 | $76.4M | $104.9M | ||
| Q4 24 | $34.4M | $56.8M | ||
| Q3 24 | $50.1M | $3.3M | ||
| Q2 24 | $167.4M | $-25.7M | ||
| Q1 24 | $178.9M | — |
| Q4 25 | -1.0% | 18.6% | ||
| Q3 25 | 1.4% | 20.7% | ||
| Q2 25 | 7.9% | -3.6% | ||
| Q1 25 | 4.6% | 10.8% | ||
| Q4 24 | 2.6% | 6.3% | ||
| Q3 24 | 3.2% | 0.4% | ||
| Q2 24 | 12.3% | -3.0% | ||
| Q1 24 | 10.0% | — |
| Q4 25 | 4.5% | 1.4% | ||
| Q3 25 | 3.5% | 2.2% | ||
| Q2 25 | 3.8% | 3.7% | ||
| Q1 25 | 3.8% | 3.1% | ||
| Q4 24 | 4.6% | 2.7% | ||
| Q3 24 | 2.7% | 3.4% | ||
| Q2 24 | 2.4% | 4.2% | ||
| Q1 24 | 3.1% | — |
| Q4 25 | 0.68× | 2.04× | ||
| Q3 25 | 0.63× | 3.19× | ||
| Q2 25 | 3.42× | 0.02× | ||
| Q1 25 | 1.05× | 1.40× | ||
| Q4 24 | 1.47× | 0.71× | ||
| Q3 24 | 0.64× | 0.41× | ||
| Q2 24 | 2.61× | 0.15× | ||
| 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% |
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
