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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and GREIF, INC (GEF). 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 $994.8M, roughly 1.4× GREIF, INC). GREIF, INC runs the higher net margin — 17.6% vs 5.2%, a 12.4% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -21.4%). Over the past eight quarters, GREIF, INC's revenue compounded faster (-9.2% 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.

Greif, Inc. is a global leader in industrial packaging products and services based in Delaware, Ohio. Originally a manufacturer of barrels, the company is now focused on producing steel, fiber and plastic drums, IBCs, jerrycans, plastic bottles, closures, containerboard, corrugated products and adhesives. In 2018, the company ranked 617 on the Fortune 1000.

ASO vs GEF — Head-to-Head

Bigger by revenue
ASO
ASO
1.4× larger
ASO
$1.4B
$994.8M
GEF
Growing faster (revenue YoY)
ASO
ASO
+24.4% gap
ASO
3.0%
-21.4%
GEF
Higher net margin
GEF
GEF
12.4% more per $
GEF
17.6%
5.2%
ASO
Faster 2-yr revenue CAGR
GEF
GEF
Annualised
GEF
-9.2%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ASO
ASO
GEF
GEF
Revenue
$1.4B
$994.8M
Net Profit
$71.6M
$174.6M
Gross Margin
35.7%
20.4%
Operating Margin
7.3%
25.8%
Net Margin
5.2%
17.6%
Revenue YoY
3.0%
-21.4%
Net Profit YoY
8.8%
1930.2%
EPS (diluted)
$1.05

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
GEF
GEF
Q4 25
$1.4B
$994.8M
Q3 25
$1.6B
$1.1B
Q2 25
$1.4B
$1.4B
Q1 25
$1.7B
$1.3B
Q4 24
$1.3B
$1.4B
Q3 24
$1.5B
$1.5B
Q2 24
$1.4B
$1.4B
Q1 24
$1.8B
$1.2B
Net Profit
ASO
ASO
GEF
GEF
Q4 25
$71.6M
$174.6M
Q3 25
$125.4M
$64.0M
Q2 25
$46.1M
$47.3M
Q1 25
$133.6M
$8.6M
Q4 24
$65.8M
$70.1M
Q3 24
$142.6M
$87.1M
Q2 24
$76.5M
$44.4M
Q1 24
$168.2M
$67.2M
Gross Margin
ASO
ASO
GEF
GEF
Q4 25
35.7%
20.4%
Q3 25
36.0%
22.7%
Q2 25
34.0%
23.1%
Q1 25
32.2%
19.4%
Q4 24
34.0%
20.4%
Q3 24
36.1%
20.0%
Q2 24
33.4%
19.7%
Q1 24
33.3%
18.4%
Operating Margin
ASO
ASO
GEF
GEF
Q4 25
7.3%
25.8%
Q3 25
10.8%
6.4%
Q2 25
5.1%
8.6%
Q1 25
9.2%
4.7%
Q4 24
6.8%
8.9%
Q3 24
12.3%
11.8%
Q2 24
7.5%
7.2%
Q1 24
11.4%
5.7%
Net Margin
ASO
ASO
GEF
GEF
Q4 25
5.2%
17.6%
Q3 25
7.8%
5.6%
Q2 25
3.4%
3.4%
Q1 25
8.0%
0.7%
Q4 24
4.9%
4.9%
Q3 24
9.2%
6.0%
Q2 24
5.6%
3.2%
Q1 24
9.4%
5.6%
EPS (diluted)
ASO
ASO
GEF
GEF
Q4 25
$1.05
Q3 25
$1.85
Q2 25
$0.68
Q1 25
$1.85
Q4 24
$0.92
Q3 24
$1.95
Q2 24
$1.01
Q1 24
$2.19

Balance Sheet & Financial Strength

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

Metric
ASO
ASO
GEF
GEF
Cash + ST InvestmentsLiquidity on hand
$289.5M
$243.5M
Total DebtLower is stronger
$655.1M
Stockholders' EquityBook value
$2.1B
$2.9B
Total Assets
$5.4B
$5.5B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
GEF
GEF
Q4 25
$289.5M
$243.5M
Q3 25
$300.9M
$285.2M
Q2 25
$285.1M
$252.7M
Q1 25
$288.9M
$201.1M
Q4 24
$296.0M
$197.7M
Q3 24
$324.6M
$194.2M
Q2 24
$378.1M
$196.0M
Q1 24
$347.9M
$179.3M
Total Debt
ASO
ASO
GEF
GEF
Q4 25
$655.1M
Q3 25
$2.3B
Q2 25
$2.4B
Q1 25
$2.5B
Q4 24
$2.7B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.3B
Stockholders' Equity
ASO
ASO
GEF
GEF
Q4 25
$2.1B
$2.9B
Q3 25
$2.1B
$2.2B
Q2 25
$1.9B
$2.1B
Q1 25
$2.0B
$2.0B
Q4 24
$2.0B
$2.1B
Q3 24
$2.0B
$2.1B
Q2 24
$1.9B
$2.0B
Q1 24
$2.0B
$2.0B
Total Assets
ASO
ASO
GEF
GEF
Q4 25
$5.4B
$5.5B
Q3 25
$5.3B
$6.7B
Q2 25
$5.2B
$6.8B
Q1 25
$4.9B
$6.6B
Q4 24
$5.1B
$6.6B
Q3 24
$4.9B
$6.8B
Q2 24
$4.9B
$6.8B
Q1 24
$4.7B
$6.0B
Debt / Equity
ASO
ASO
GEF
GEF
Q4 25
0.22×
Q3 25
1.06×
Q2 25
1.12×
Q1 25
1.24×
Q4 24
1.31×
Q3 24
1.41×
Q2 24
1.44×
Q1 24
1.15×

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
GEF
GEF
Operating Cash FlowLast quarter
$49.0M
$-24.4M
Free Cash FlowOCF − Capex
$-13.6M
FCF MarginFCF / Revenue
-1.0%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
0.68×
-0.14×
TTM Free Cash FlowTrailing 4 quarters
$191.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASO
ASO
GEF
GEF
Q4 25
$49.0M
$-24.4M
Q3 25
$78.6M
$197.7M
Q2 25
$157.5M
$136.4M
Q1 25
$140.2M
$-30.8M
Q4 24
$96.9M
$187.2M
Q3 24
$91.3M
$76.8M
Q2 24
$199.7M
$87.5M
Q1 24
$234.7M
$4.5M
Free Cash Flow
ASO
ASO
GEF
GEF
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
Q1 24
$178.9M
FCF Margin
ASO
ASO
GEF
GEF
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%
Q1 24
10.0%
Capex Intensity
ASO
ASO
GEF
GEF
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%
Q1 24
3.1%
Cash Conversion
ASO
ASO
GEF
GEF
Q4 25
0.68×
-0.14×
Q3 25
0.63×
3.09×
Q2 25
3.42×
2.88×
Q1 25
1.05×
-3.58×
Q4 24
1.47×
2.67×
Q3 24
0.64×
0.88×
Q2 24
2.61×
1.97×
Q1 24
1.40×
0.07×

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%

GEF
GEF

Other$501.0M50%
Sustainable Fiber Solutions Segment$300.4M30%
Customized Polymer Solutions Segment$124.8M13%
Durable Metal Solutions Segment$62.5M6%
Innovative Closure Solutions Segment$6.1M1%

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