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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× Academy Sports & Outdoors, Inc.). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 5.2%, a 8.0% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 3.0%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $-13.6M). Over the past eight quarters, MERCURY GENERAL CORP'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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
ASO vs MCY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $71.6M | $202.5M |
| Gross Margin | 35.7% | 99.7% |
| Operating Margin | 7.3% | 16.2% |
| Net Margin | 5.2% | 13.2% |
| Revenue YoY | 3.0% | 12.4% |
| Net Profit YoY | 8.8% | 100.4% |
| EPS (diluted) | $1.05 | $3.66 |
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 | $1.5B | ||
| 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 | $1.5B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
| Q4 25 | $71.6M | $202.5M | ||
| Q3 25 | $125.4M | $280.4M | ||
| Q2 25 | $46.1M | $166.5M | ||
| Q1 25 | $133.6M | $-108.3M | ||
| Q4 24 | $65.8M | $101.1M | ||
| Q3 24 | $142.6M | $230.9M | ||
| Q2 24 | $76.5M | $62.6M | ||
| Q1 24 | $168.2M | $73.5M |
| Q4 25 | 35.7% | 99.7% | ||
| Q3 25 | 36.0% | 99.8% | ||
| Q2 25 | 34.0% | 99.8% | ||
| Q1 25 | 32.2% | 99.7% | ||
| Q4 24 | 34.0% | 99.7% | ||
| Q3 24 | 36.1% | 99.8% | ||
| Q2 24 | 33.4% | 99.8% | ||
| Q1 24 | 33.3% | 99.7% |
| Q4 25 | 7.3% | 16.2% | ||
| Q3 25 | 10.8% | 22.1% | ||
| Q2 25 | 5.1% | 14.0% | ||
| Q1 25 | 9.2% | -10.2% | ||
| Q4 24 | 6.8% | 9.0% | ||
| Q3 24 | 12.3% | 18.8% | ||
| Q2 24 | 7.5% | 5.8% | ||
| Q1 24 | 11.4% | 7.0% |
| Q4 25 | 5.2% | 13.2% | ||
| Q3 25 | 7.8% | 17.7% | ||
| Q2 25 | 3.4% | 11.3% | ||
| Q1 25 | 8.0% | -7.8% | ||
| Q4 24 | 4.9% | 7.4% | ||
| Q3 24 | 9.2% | 15.1% | ||
| Q2 24 | 5.6% | 4.8% | ||
| Q1 24 | 9.4% | 5.8% |
| Q4 25 | $1.05 | $3.66 | ||
| Q3 25 | $1.85 | $5.06 | ||
| Q2 25 | $0.68 | $3.01 | ||
| Q1 25 | $1.85 | $-1.96 | ||
| Q4 24 | $0.92 | $1.82 | ||
| Q3 24 | $1.95 | $4.17 | ||
| Q2 24 | $1.01 | $1.13 | ||
| Q1 24 | $2.19 | $1.33 |
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 | — |
| Total DebtLower is stronger | — | $575.0M |
| Stockholders' EquityBook value | $2.1B | $2.4B |
| Total Assets | $5.4B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | — | ||
| Q2 25 | $285.1M | — | ||
| Q1 25 | $288.9M | — | ||
| Q4 24 | $296.0M | — | ||
| Q3 24 | $324.6M | — | ||
| Q2 24 | $378.1M | — | ||
| Q1 24 | $347.9M | — |
| Q4 25 | — | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $2.0B | $1.8B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $2.0B | $1.6B |
| Q4 25 | $5.4B | $9.6B | ||
| Q3 25 | $5.3B | $9.4B | ||
| Q2 25 | $5.2B | $9.1B | ||
| Q1 25 | $4.9B | $9.0B | ||
| Q4 24 | $5.1B | $8.3B | ||
| Q3 24 | $4.9B | $8.2B | ||
| Q2 24 | $4.9B | $7.7B | ||
| Q1 24 | $4.7B | $7.4B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $287.9M |
| Free Cash FlowOCF − Capex | $-13.6M | $273.9M |
| FCF MarginFCF / Revenue | -1.0% | 17.8% |
| Capex IntensityCapex / Revenue | 4.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.68× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $287.9M | ||
| Q3 25 | $78.6M | $496.4M | ||
| Q2 25 | $157.5M | $371.6M | ||
| Q1 25 | $140.2M | $-68.7M | ||
| Q4 24 | $96.9M | $248.3M | ||
| Q3 24 | $91.3M | $318.1M | ||
| Q2 24 | $199.7M | $278.0M | ||
| Q1 24 | $234.7M | $192.6M |
| Q4 25 | $-13.6M | $273.9M | ||
| Q3 25 | $21.8M | $479.5M | ||
| Q2 25 | $106.6M | $357.2M | ||
| Q1 25 | $76.4M | $-81.9M | ||
| Q4 24 | $34.4M | $236.0M | ||
| Q3 24 | $50.1M | $306.2M | ||
| Q2 24 | $167.4M | $266.5M | ||
| Q1 24 | $178.9M | $182.4M |
| Q4 25 | -1.0% | 17.8% | ||
| Q3 25 | 1.4% | 30.3% | ||
| Q2 25 | 7.9% | 24.2% | ||
| Q1 25 | 4.6% | -5.9% | ||
| Q4 24 | 2.6% | 17.3% | ||
| Q3 24 | 3.2% | 20.0% | ||
| Q2 24 | 12.3% | 20.4% | ||
| Q1 24 | 10.0% | 14.3% |
| Q4 25 | 4.5% | 0.9% | ||
| Q3 25 | 3.5% | 1.1% | ||
| Q2 25 | 3.8% | 1.0% | ||
| Q1 25 | 3.8% | 0.9% | ||
| Q4 24 | 4.6% | 0.9% | ||
| Q3 24 | 2.7% | 0.8% | ||
| Q2 24 | 2.4% | 0.9% | ||
| Q1 24 | 3.1% | 0.8% |
| Q4 25 | 0.68× | 1.42× | ||
| Q3 25 | 0.63× | 1.77× | ||
| Q2 25 | 3.42× | 2.23× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 2.46× | ||
| Q3 24 | 0.64× | 1.38× | ||
| Q2 24 | 2.61× | 4.44× | ||
| Q1 24 | 1.40× | 2.62× |
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% |
MCY
Segment breakdown not available.
