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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Installed Building Products, Inc. (IBP). 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 $747.5M, roughly 1.9× Installed Building Products, Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 5.2%, a 5.1% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -0.4%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $-13.6M). Over the past eight quarters, Installed Building Products, Inc.'s revenue compounded faster (3.9% 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.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
ASO vs IBP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $747.5M |
| Net Profit | $71.6M | $76.6M |
| Gross Margin | 35.7% | 35.0% |
| Operating Margin | 7.3% | 14.6% |
| Net Margin | 5.2% | 10.2% |
| Revenue YoY | 3.0% | -0.4% |
| Net Profit YoY | 8.8% | 14.5% |
| EPS (diluted) | $1.05 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $1.6B | $778.2M | ||
| Q2 25 | $1.4B | $760.3M | ||
| Q1 25 | $1.7B | $684.8M | ||
| Q4 24 | $1.3B | $750.2M | ||
| Q3 24 | $1.5B | $760.6M | ||
| Q2 24 | $1.4B | $737.6M | ||
| Q1 24 | $1.8B | $692.9M |
| Q4 25 | $71.6M | $76.6M | ||
| Q3 25 | $125.4M | $74.4M | ||
| Q2 25 | $46.1M | $69.0M | ||
| Q1 25 | $133.6M | $45.4M | ||
| Q4 24 | $65.8M | $66.9M | ||
| Q3 24 | $142.6M | $68.6M | ||
| Q2 24 | $76.5M | $65.2M | ||
| Q1 24 | $168.2M | $55.9M |
| Q4 25 | 35.7% | 35.0% | ||
| Q3 25 | 36.0% | 34.0% | ||
| Q2 25 | 34.0% | 34.2% | ||
| Q1 25 | 32.2% | 32.7% | ||
| Q4 24 | 34.0% | 33.6% | ||
| Q3 24 | 36.1% | 33.8% | ||
| Q2 24 | 33.4% | 34.1% | ||
| Q1 24 | 33.3% | 33.8% |
| Q4 25 | 7.3% | 14.6% | ||
| Q3 25 | 10.8% | 13.7% | ||
| Q2 25 | 5.1% | 13.3% | ||
| Q1 25 | 9.2% | 10.2% | ||
| Q4 24 | 6.8% | 13.1% | ||
| Q3 24 | 12.3% | 13.3% | ||
| Q2 24 | 7.5% | 12.9% | ||
| Q1 24 | 11.4% | 12.7% |
| Q4 25 | 5.2% | 10.2% | ||
| Q3 25 | 7.8% | 9.6% | ||
| Q2 25 | 3.4% | 9.1% | ||
| Q1 25 | 8.0% | 6.6% | ||
| Q4 24 | 4.9% | 8.9% | ||
| Q3 24 | 9.2% | 9.0% | ||
| Q2 24 | 5.6% | 8.8% | ||
| Q1 24 | 9.4% | 8.1% |
| Q4 25 | $1.05 | $2.81 | ||
| Q3 25 | $1.85 | $2.74 | ||
| Q2 25 | $0.68 | $2.52 | ||
| Q1 25 | $1.85 | $1.64 | ||
| Q4 24 | $0.92 | $2.39 | ||
| Q3 24 | $1.95 | $2.44 | ||
| Q2 24 | $1.01 | $2.30 | ||
| Q1 24 | $2.19 | $1.97 |
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 | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $2.1B | $709.9M |
| Total Assets | $5.4B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $321.9M | ||
| Q3 25 | $300.9M | $333.3M | ||
| Q2 25 | $285.1M | $305.2M | ||
| Q1 25 | $288.9M | $298.7M | ||
| Q4 24 | $296.0M | $327.6M | ||
| Q3 24 | $324.6M | $406.2M | ||
| Q2 24 | $378.1M | $380.3M | ||
| Q1 24 | $347.9M | $399.9M |
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M | ||
| Q1 24 | — | $875.0M |
| Q4 25 | $2.1B | $709.9M | ||
| Q3 25 | $2.1B | $678.6M | ||
| Q2 25 | $1.9B | $664.5M | ||
| Q1 25 | $2.0B | $660.9M | ||
| Q4 24 | $2.0B | $705.3M | ||
| Q3 24 | $2.0B | $716.4M | ||
| Q2 24 | $1.9B | $685.3M | ||
| Q1 24 | $2.0B | $679.2M |
| Q4 25 | $5.4B | $2.1B | ||
| Q3 25 | $5.3B | $2.1B | ||
| Q2 25 | $5.2B | $2.0B | ||
| Q1 25 | $4.9B | $2.0B | ||
| Q4 24 | $5.1B | $2.1B | ||
| Q3 24 | $4.9B | $2.1B | ||
| Q2 24 | $4.9B | $2.0B | ||
| Q1 24 | $4.7B | $2.0B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $64.9M |
| Free Cash FlowOCF − Capex | $-13.6M | $49.3M |
| FCF MarginFCF / Revenue | -1.0% | 6.6% |
| Capex IntensityCapex / Revenue | 4.5% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.68× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $64.9M | ||
| Q3 25 | $78.6M | $124.0M | ||
| Q2 25 | $157.5M | $90.4M | ||
| Q1 25 | $140.2M | $92.1M | ||
| Q4 24 | $96.9M | $74.8M | ||
| Q3 24 | $91.3M | $101.4M | ||
| Q2 24 | $199.7M | $79.0M | ||
| Q1 24 | $234.7M | $84.8M |
| Q4 25 | $-13.6M | $49.3M | ||
| Q3 25 | $21.8M | $104.8M | ||
| Q2 25 | $106.6M | $74.8M | ||
| Q1 25 | $76.4M | $71.9M | ||
| Q4 24 | $34.4M | $52.9M | ||
| Q3 24 | $50.1M | $77.3M | ||
| Q2 24 | $167.4M | $58.2M | ||
| Q1 24 | $178.9M | $63.0M |
| Q4 25 | -1.0% | 6.6% | ||
| Q3 25 | 1.4% | 13.5% | ||
| Q2 25 | 7.9% | 9.8% | ||
| Q1 25 | 4.6% | 10.5% | ||
| Q4 24 | 2.6% | 7.1% | ||
| Q3 24 | 3.2% | 10.2% | ||
| Q2 24 | 12.3% | 7.9% | ||
| Q1 24 | 10.0% | 9.1% |
| Q4 25 | 4.5% | 2.1% | ||
| Q3 25 | 3.5% | 2.5% | ||
| Q2 25 | 3.8% | 2.1% | ||
| Q1 25 | 3.8% | 2.9% | ||
| Q4 24 | 4.6% | 2.9% | ||
| Q3 24 | 2.7% | 3.2% | ||
| Q2 24 | 2.4% | 2.8% | ||
| Q1 24 | 3.1% | 3.1% |
| Q4 25 | 0.68× | 0.85× | ||
| Q3 25 | 0.63× | 1.67× | ||
| Q2 25 | 3.42× | 1.31× | ||
| Q1 25 | 1.05× | 2.03× | ||
| Q4 24 | 1.47× | 1.12× | ||
| Q3 24 | 0.64× | 1.48× | ||
| Q2 24 | 2.61× | 1.21× | ||
| Q1 24 | 1.40× | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
