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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and MODINE MANUFACTURING CO (MOD). 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 $805.0M, roughly 1.7× MODINE MANUFACTURING CO). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -5.9%, a 11.1% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 3.0%). Academy Sports & Outdoors, Inc. produced more free cash flow last quarter ($-13.6M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
ASO vs MOD — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $805.0M |
| Net Profit | $71.6M | $-47.4M |
| Gross Margin | 35.7% | 23.1% |
| Operating Margin | 7.3% | 11.1% |
| Net Margin | 5.2% | -5.9% |
| Revenue YoY | 3.0% | 30.5% |
| Net Profit YoY | 8.8% | -215.6% |
| EPS (diluted) | $1.05 | $-0.90 |
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 | $805.0M | ||
| Q3 25 | $1.6B | $738.9M | ||
| Q2 25 | $1.4B | $682.8M | ||
| Q1 25 | $1.7B | $647.2M | ||
| Q4 24 | $1.3B | $616.8M | ||
| Q3 24 | $1.5B | $658.0M | ||
| Q2 24 | $1.4B | $661.5M | ||
| Q1 24 | $1.8B | $603.5M |
| Q4 25 | $71.6M | $-47.4M | ||
| Q3 25 | $125.4M | $44.4M | ||
| Q2 25 | $46.1M | $51.2M | ||
| Q1 25 | $133.6M | $49.6M | ||
| Q4 24 | $65.8M | $41.0M | ||
| Q3 24 | $142.6M | $46.1M | ||
| Q2 24 | $76.5M | $47.3M | ||
| Q1 24 | $168.2M | $25.8M |
| Q4 25 | 35.7% | 23.1% | ||
| Q3 25 | 36.0% | 22.3% | ||
| Q2 25 | 34.0% | 24.2% | ||
| Q1 25 | 32.2% | 25.6% | ||
| Q4 24 | 34.0% | 24.3% | ||
| Q3 24 | 36.1% | 25.2% | ||
| Q2 24 | 33.4% | 24.6% | ||
| Q1 24 | 33.3% | 22.4% |
| Q4 25 | 7.3% | 11.1% | ||
| Q3 25 | 10.8% | 9.9% | ||
| Q2 25 | 5.1% | 11.1% | ||
| Q1 25 | 9.2% | 11.5% | ||
| Q4 24 | 6.8% | 9.6% | ||
| Q3 24 | 12.3% | 11.4% | ||
| Q2 24 | 7.5% | 11.2% | ||
| Q1 24 | 11.4% | 7.8% |
| Q4 25 | 5.2% | -5.9% | ||
| Q3 25 | 7.8% | 6.0% | ||
| Q2 25 | 3.4% | 7.5% | ||
| Q1 25 | 8.0% | 7.7% | ||
| Q4 24 | 4.9% | 6.6% | ||
| Q3 24 | 9.2% | 7.0% | ||
| Q2 24 | 5.6% | 7.2% | ||
| Q1 24 | 9.4% | 4.3% |
| Q4 25 | $1.05 | $-0.90 | ||
| Q3 25 | $1.85 | $0.83 | ||
| Q2 25 | $0.68 | $0.95 | ||
| Q1 25 | $1.85 | $0.92 | ||
| Q4 24 | $0.92 | $0.76 | ||
| Q3 24 | $1.95 | $0.86 | ||
| Q2 24 | $1.01 | $0.88 | ||
| Q1 24 | $2.19 | $0.48 |
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 | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $2.1B | $1.1B |
| Total Assets | $5.4B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $98.7M | ||
| Q3 25 | $300.9M | $83.8M | ||
| Q2 25 | $285.1M | $124.5M | ||
| Q1 25 | $288.9M | $71.6M | ||
| Q4 24 | $296.0M | $83.8M | ||
| Q3 24 | $324.6M | $78.6M | ||
| Q2 24 | $378.1M | $72.9M | ||
| Q1 24 | $347.9M | $60.1M |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $2.0B | $910.2M | ||
| Q4 24 | $2.0B | $855.1M | ||
| Q3 24 | $2.0B | $858.8M | ||
| Q2 24 | $1.9B | $788.4M | ||
| Q1 24 | $2.0B | $747.6M |
| Q4 25 | $5.4B | $2.5B | ||
| Q3 25 | $5.3B | $2.4B | ||
| Q2 25 | $5.2B | $2.2B | ||
| Q1 25 | $4.9B | $1.9B | ||
| Q4 24 | $5.1B | $1.8B | ||
| Q3 24 | $4.9B | $1.9B | ||
| Q2 24 | $4.9B | $1.9B | ||
| Q1 24 | $4.7B | $1.9B |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| Free Cash FlowOCF − Capex | $-13.6M | $-17.1M |
| FCF MarginFCF / Revenue | -1.0% | -2.1% |
| Capex IntensityCapex / Revenue | 4.5% | 5.2% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $24.7M | ||
| Q3 25 | $78.6M | $1.4M | ||
| Q2 25 | $157.5M | $27.7M | ||
| Q1 25 | $140.2M | $54.8M | ||
| Q4 24 | $96.9M | $60.7M | ||
| Q3 24 | $91.3M | $57.3M | ||
| Q2 24 | $199.7M | $40.5M | ||
| Q1 24 | $234.7M | $39.6M |
| Q4 25 | $-13.6M | $-17.1M | ||
| Q3 25 | $21.8M | $-30.5M | ||
| Q2 25 | $106.6M | $200.0K | ||
| Q1 25 | $76.4M | $27.1M | ||
| Q4 24 | $34.4M | $44.7M | ||
| Q3 24 | $50.1M | $43.8M | ||
| Q2 24 | $167.4M | $13.7M | ||
| Q1 24 | $178.9M | $-4.3M |
| Q4 25 | -1.0% | -2.1% | ||
| Q3 25 | 1.4% | -4.1% | ||
| Q2 25 | 7.9% | 0.0% | ||
| Q1 25 | 4.6% | 4.2% | ||
| Q4 24 | 2.6% | 7.2% | ||
| Q3 24 | 3.2% | 6.7% | ||
| Q2 24 | 12.3% | 2.1% | ||
| Q1 24 | 10.0% | -0.7% |
| Q4 25 | 4.5% | 5.2% | ||
| Q3 25 | 3.5% | 4.3% | ||
| Q2 25 | 3.8% | 4.0% | ||
| Q1 25 | 3.8% | 4.3% | ||
| Q4 24 | 4.6% | 2.6% | ||
| Q3 24 | 2.7% | 2.1% | ||
| Q2 24 | 2.4% | 4.1% | ||
| Q1 24 | 3.1% | 7.3% |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 0.03× | ||
| Q2 25 | 3.42× | 0.54× | ||
| Q1 25 | 1.05× | 1.10× | ||
| Q4 24 | 1.47× | 1.48× | ||
| Q3 24 | 0.64× | 1.24× | ||
| Q2 24 | 2.61× | 0.86× | ||
| Q1 24 | 1.40× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
