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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and News Corp (Class A) (NWSA). Click either name above to swap in a different company.

News Corp (Class A) is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× Academy Sports & Outdoors, Inc.). News Corp (Class A) runs the higher net margin — 8.2% vs 5.2%, a 3.0% gap on every dollar of revenue. On growth, News Corp (Class A) posted the faster year-over-year revenue change (5.5% vs 3.0%). News Corp (Class A) produced more free cash flow last quarter ($132.0M vs $-13.6M). Over the past eight quarters, News Corp (Class A)'s revenue compounded faster (-1.3% 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.

News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called "hard news" to differentiate it from soft media.

ASO vs NWSA — Head-to-Head

Bigger by revenue
NWSA
NWSA
1.7× larger
NWSA
$2.4B
$1.4B
ASO
Growing faster (revenue YoY)
NWSA
NWSA
+2.5% gap
NWSA
5.5%
3.0%
ASO
Higher net margin
NWSA
NWSA
3.0% more per $
NWSA
8.2%
5.2%
ASO
More free cash flow
NWSA
NWSA
$145.6M more FCF
NWSA
$132.0M
$-13.6M
ASO
Faster 2-yr revenue CAGR
NWSA
NWSA
Annualised
NWSA
-1.3%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
ASO
ASO
NWSA
NWSA
Revenue
$1.4B
$2.4B
Net Profit
$71.6M
$193.0M
Gross Margin
35.7%
Operating Margin
7.3%
Net Margin
5.2%
8.2%
Revenue YoY
3.0%
5.5%
Net Profit YoY
8.8%
-10.2%
EPS (diluted)
$1.05
$0.34

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
NWSA
NWSA
Q4 25
$1.4B
$2.4B
Q3 25
$1.6B
$2.1B
Q2 25
$1.4B
$1.6B
Q1 25
$1.7B
$2.0B
Q4 24
$1.3B
$2.2B
Q3 24
$1.5B
$2.6B
Q2 24
$1.4B
$2.6B
Q1 24
$1.8B
$2.4B
Net Profit
ASO
ASO
NWSA
NWSA
Q4 25
$71.6M
$193.0M
Q3 25
$125.4M
$112.0M
Q2 25
$46.1M
$743.0M
Q1 25
$133.6M
$103.0M
Q4 24
$65.8M
$215.0M
Q3 24
$142.6M
$119.0M
Q2 24
$76.5M
$50.0M
Q1 24
$168.2M
$30.0M
Gross Margin
ASO
ASO
NWSA
NWSA
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%
Operating Margin
ASO
ASO
NWSA
NWSA
Q4 25
7.3%
Q3 25
10.8%
Q2 25
5.1%
8.5%
Q1 25
9.2%
7.5%
Q4 24
6.8%
19.2%
Q3 24
12.3%
7.9%
Q2 24
7.5%
4.3%
Q1 24
11.4%
2.6%
Net Margin
ASO
ASO
NWSA
NWSA
Q4 25
5.2%
8.2%
Q3 25
7.8%
5.2%
Q2 25
3.4%
45.6%
Q1 25
8.0%
5.1%
Q4 24
4.9%
9.6%
Q3 24
9.2%
4.6%
Q2 24
5.6%
1.9%
Q1 24
9.4%
1.2%
EPS (diluted)
ASO
ASO
NWSA
NWSA
Q4 25
$1.05
$0.34
Q3 25
$1.85
$0.20
Q2 25
$0.68
$1.30
Q1 25
$1.85
$0.18
Q4 24
$0.92
$0.38
Q3 24
$1.95
$0.21
Q2 24
$1.01
$0.09
Q1 24
$2.19
$0.05

Balance Sheet & Financial Strength

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

Metric
ASO
ASO
NWSA
NWSA
Cash + ST InvestmentsLiquidity on hand
$289.5M
$2.1B
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$2.1B
$8.8B
Total Assets
$5.4B
$15.5B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
NWSA
NWSA
Q4 25
$289.5M
$2.1B
Q3 25
$300.9M
$2.2B
Q2 25
$285.1M
$2.4B
Q1 25
$288.9M
$2.1B
Q4 24
$296.0M
$1.8B
Q3 24
$324.6M
$1.8B
Q2 24
$378.1M
$2.0B
Q1 24
$347.9M
$1.9B
Total Debt
ASO
ASO
NWSA
NWSA
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.9B
Stockholders' Equity
ASO
ASO
NWSA
NWSA
Q4 25
$2.1B
$8.8B
Q3 25
$2.1B
$8.7B
Q2 25
$1.9B
$8.8B
Q1 25
$2.0B
$8.2B
Q4 24
$2.0B
$8.1B
Q3 24
$2.0B
$8.3B
Q2 24
$1.9B
$8.1B
Q1 24
$2.0B
$8.1B
Total Assets
ASO
ASO
NWSA
NWSA
Q4 25
$5.4B
$15.5B
Q3 25
$5.3B
$15.3B
Q2 25
$5.2B
$15.5B
Q1 25
$4.9B
$16.6B
Q4 24
$5.1B
$16.2B
Q3 24
$4.9B
$16.9B
Q2 24
$4.9B
$16.7B
Q1 24
$4.7B
$16.5B
Debt / Equity
ASO
ASO
NWSA
NWSA
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.24×
Q3 24
0.35×
Q2 24
0.36×
Q1 24
0.36×

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
NWSA
NWSA
Operating Cash FlowLast quarter
$49.0M
$231.0M
Free Cash FlowOCF − Capex
$-13.6M
$132.0M
FCF MarginFCF / Revenue
-1.0%
5.6%
Capex IntensityCapex / Revenue
4.5%
4.2%
Cash ConversionOCF / Net Profit
0.68×
1.20×
TTM Free Cash FlowTrailing 4 quarters
$191.4M
$586.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASO
ASO
NWSA
NWSA
Q4 25
$49.0M
$231.0M
Q3 25
$78.6M
$85.0M
Q2 25
$157.5M
$189.0M
Q1 25
$140.2M
$511.0M
Q4 24
$96.9M
$252.0M
Q3 24
$91.3M
$64.0M
Q2 24
$199.7M
$254.0M
Q1 24
$234.7M
$539.0M
Free Cash Flow
ASO
ASO
NWSA
NWSA
Q4 25
$-13.6M
$132.0M
Q3 25
$21.8M
$4.0M
Q2 25
$106.6M
$32.0M
Q1 25
$76.4M
$418.0M
Q4 24
$34.4M
$190.0M
Q3 24
$50.1M
$-31.0M
Q2 24
$167.4M
$111.0M
Q1 24
$178.9M
$422.0M
FCF Margin
ASO
ASO
NWSA
NWSA
Q4 25
-1.0%
5.6%
Q3 25
1.4%
0.2%
Q2 25
7.9%
2.0%
Q1 25
4.6%
20.8%
Q4 24
2.6%
8.5%
Q3 24
3.2%
-1.2%
Q2 24
12.3%
4.3%
Q1 24
10.0%
17.4%
Capex Intensity
ASO
ASO
NWSA
NWSA
Q4 25
4.5%
4.2%
Q3 25
3.5%
3.8%
Q2 25
3.8%
9.6%
Q1 25
3.8%
4.6%
Q4 24
4.6%
2.8%
Q3 24
2.7%
3.7%
Q2 24
2.4%
5.5%
Q1 24
3.1%
4.8%
Cash Conversion
ASO
ASO
NWSA
NWSA
Q4 25
0.68×
1.20×
Q3 25
0.63×
0.76×
Q2 25
3.42×
0.25×
Q1 25
1.05×
4.96×
Q4 24
1.47×
1.17×
Q3 24
0.64×
0.54×
Q2 24
2.61×
5.08×
Q1 24
1.40×
17.97×

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%

NWSA
NWSA

Book Publishing Segment$633.0M27%
Consumer$607.0M26%
News And Information Services Segment$570.0M24%
Real Estate$401.0M17%
Other Product Or Service$173.0M7%

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