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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Noble Corp plc (NE). 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 $764.4M, roughly 1.8× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 5.2%, a 6.2% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $-13.6M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
ASO vs NE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $764.4M |
| Net Profit | $71.6M | $86.6M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 5.6% |
| Net Margin | 5.2% | 11.3% |
| Revenue YoY | 3.0% | -17.6% |
| Net Profit YoY | 8.8% | -10.4% |
| EPS (diluted) | $1.05 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $1.6B | $798.0M | ||
| Q2 25 | $1.4B | $848.7M | ||
| Q1 25 | $1.7B | $874.5M | ||
| Q4 24 | $1.3B | $927.3M | ||
| Q3 24 | $1.5B | $800.5M | ||
| Q2 24 | $1.4B | $692.8M | ||
| Q1 24 | $1.8B | $637.1M |
| Q4 25 | $71.6M | $86.6M | ||
| Q3 25 | $125.4M | $-21.1M | ||
| Q2 25 | $46.1M | $42.9M | ||
| Q1 25 | $133.6M | $108.3M | ||
| Q4 24 | $65.8M | $96.6M | ||
| Q3 24 | $142.6M | $61.2M | ||
| Q2 24 | $76.5M | $195.0M | ||
| Q1 24 | $168.2M | $95.5M |
| Q4 25 | 35.7% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 36.1% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.3% | — |
| Q4 25 | 7.3% | 5.6% | ||
| Q3 25 | 10.8% | 6.3% | ||
| Q2 25 | 5.1% | 15.9% | ||
| Q1 25 | 9.2% | 21.4% | ||
| Q4 24 | 6.8% | 18.4% | ||
| Q3 24 | 12.3% | 14.4% | ||
| Q2 24 | 7.5% | 30.3% | ||
| Q1 24 | 11.4% | 16.9% |
| Q4 25 | 5.2% | 11.3% | ||
| Q3 25 | 7.8% | -2.6% | ||
| Q2 25 | 3.4% | 5.1% | ||
| Q1 25 | 8.0% | 12.4% | ||
| Q4 24 | 4.9% | 10.4% | ||
| Q3 24 | 9.2% | 7.6% | ||
| Q2 24 | 5.6% | 28.1% | ||
| Q1 24 | 9.4% | 15.0% |
| Q4 25 | $1.05 | $0.54 | ||
| Q3 25 | $1.85 | $-0.13 | ||
| Q2 25 | $0.68 | $0.27 | ||
| Q1 25 | $1.85 | $0.67 | ||
| Q4 24 | $0.92 | $0.56 | ||
| Q3 24 | $1.95 | $0.40 | ||
| Q2 24 | $1.01 | $1.34 | ||
| Q1 24 | $2.19 | $0.66 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $4.5B |
| Total Assets | $5.4B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $471.4M | ||
| Q3 25 | $300.9M | $477.9M | ||
| Q2 25 | $285.1M | $338.2M | ||
| Q1 25 | $288.9M | $303.8M | ||
| Q4 24 | $296.0M | $247.3M | ||
| Q3 24 | $324.6M | $391.9M | ||
| Q2 24 | $378.1M | $162.9M | ||
| Q1 24 | $347.9M | $212.5M |
| Q4 25 | $2.1B | $4.5B | ||
| Q3 25 | $2.1B | $4.5B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $2.0B | $4.7B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $2.0B | $3.9B |
| Q4 25 | $5.4B | $7.5B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.2B | $7.7B | ||
| Q1 25 | $4.9B | $7.9B | ||
| Q4 24 | $5.1B | $8.0B | ||
| Q3 24 | $4.9B | $8.0B | ||
| Q2 24 | $4.9B | $5.6B | ||
| Q1 24 | $4.7B | $5.4B |
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 | $187.1M |
| Free Cash FlowOCF − Capex | $-13.6M | $35.4M |
| FCF MarginFCF / Revenue | -1.0% | 4.6% |
| Capex IntensityCapex / Revenue | 4.5% | 19.9% |
| Cash ConversionOCF / Net Profit | 0.68× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $187.1M | ||
| Q3 25 | $78.6M | $277.1M | ||
| Q2 25 | $157.5M | $216.4M | ||
| Q1 25 | $140.2M | $271.1M | ||
| Q4 24 | $96.9M | $136.2M | ||
| Q3 24 | $91.3M | $283.8M | ||
| Q2 24 | $199.7M | $106.8M | ||
| Q1 24 | $234.7M | $128.7M |
| Q4 25 | $-13.6M | $35.4M | ||
| Q3 25 | $21.8M | $139.5M | ||
| Q2 25 | $106.6M | $99.8M | ||
| Q1 25 | $76.4M | $157.5M | ||
| Q4 24 | $34.4M | $-4.4M | ||
| Q3 24 | $50.1M | $156.8M | ||
| Q2 24 | $167.4M | $-34.3M | ||
| Q1 24 | $178.9M | $-37.9M |
| Q4 25 | -1.0% | 4.6% | ||
| Q3 25 | 1.4% | 17.5% | ||
| Q2 25 | 7.9% | 11.8% | ||
| Q1 25 | 4.6% | 18.0% | ||
| Q4 24 | 2.6% | -0.5% | ||
| Q3 24 | 3.2% | 19.6% | ||
| Q2 24 | 12.3% | -4.9% | ||
| Q1 24 | 10.0% | -6.0% |
| Q4 25 | 4.5% | 19.9% | ||
| Q3 25 | 3.5% | 17.3% | ||
| Q2 25 | 3.8% | 13.7% | ||
| Q1 25 | 3.8% | 13.0% | ||
| Q4 24 | 4.6% | 15.2% | ||
| Q3 24 | 2.7% | 15.9% | ||
| Q2 24 | 2.4% | 20.4% | ||
| Q1 24 | 3.1% | 26.2% |
| Q4 25 | 0.68× | 2.16× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | 5.05× | ||
| Q1 25 | 1.05× | 2.50× | ||
| Q4 24 | 1.47× | 1.41× | ||
| Q3 24 | 0.64× | 4.64× | ||
| Q2 24 | 2.61× | 0.55× | ||
| Q1 24 | 1.40× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
