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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and OPEN TEXT CORP (OTEX). 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 $1.3B, roughly 1.0× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 5.2%, a 7.5% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-13.6M). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% 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.
Open Text Corporation is a global software company that develops and sells information management software.
ASO vs OTEX — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $71.6M | $168.1M |
| Gross Margin | 35.7% | 74.0% |
| Operating Margin | 7.3% | 22.0% |
| Net Margin | 5.2% | 12.7% |
| Revenue YoY | 3.0% | -0.6% |
| Net Profit YoY | 8.8% | -26.9% |
| EPS (diluted) | $1.05 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.8B | $1.4B |
| Q4 25 | $71.6M | $168.1M | ||
| Q3 25 | $125.4M | $146.6M | ||
| Q2 25 | $46.1M | $28.8M | ||
| Q1 25 | $133.6M | $92.8M | ||
| Q4 24 | $65.8M | $229.9M | ||
| Q3 24 | $142.6M | $84.4M | ||
| Q2 24 | $76.5M | $248.2M | ||
| Q1 24 | $168.2M | $98.3M |
| Q4 25 | 35.7% | 74.0% | ||
| Q3 25 | 36.0% | 72.8% | ||
| Q2 25 | 34.0% | 72.3% | ||
| Q1 25 | 32.2% | 71.6% | ||
| Q4 24 | 34.0% | 73.3% | ||
| Q3 24 | 36.1% | 71.7% | ||
| Q2 24 | 33.4% | 72.5% | ||
| Q1 24 | 33.3% | 73.0% |
| Q4 25 | 7.3% | 22.0% | ||
| Q3 25 | 10.8% | 21.0% | ||
| Q2 25 | 5.1% | 13.9% | ||
| Q1 25 | 9.2% | 16.7% | ||
| Q4 24 | 6.8% | 22.2% | ||
| Q3 24 | 12.3% | 16.3% | ||
| Q2 24 | 7.5% | 14.2% | ||
| Q1 24 | 11.4% | 15.7% |
| Q4 25 | 5.2% | 12.7% | ||
| Q3 25 | 7.8% | 11.4% | ||
| Q2 25 | 3.4% | 2.2% | ||
| Q1 25 | 8.0% | 7.4% | ||
| Q4 24 | 4.9% | 17.2% | ||
| Q3 24 | 9.2% | 6.6% | ||
| Q2 24 | 5.6% | 18.2% | ||
| Q1 24 | 9.4% | 6.8% |
| Q4 25 | $1.05 | $0.66 | ||
| Q3 25 | $1.85 | $0.58 | ||
| Q2 25 | $0.68 | $0.11 | ||
| Q1 25 | $1.85 | $0.35 | ||
| Q4 24 | $0.92 | $0.87 | ||
| Q3 24 | $1.95 | $0.32 | ||
| Q2 24 | $1.01 | $0.91 | ||
| Q1 24 | $2.19 | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $2.1B | $4.0B |
| Total Assets | $5.4B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $1.3B | ||
| Q3 25 | $300.9M | $1.1B | ||
| Q2 25 | $285.1M | $1.2B | ||
| Q1 25 | $288.9M | $1.3B | ||
| Q4 24 | $296.0M | $1.1B | ||
| Q3 24 | $324.6M | $1.0B | ||
| Q2 24 | $378.1M | $1.3B | ||
| Q1 24 | $347.9M | $1.1B |
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $2.1B | $4.0B | ||
| Q3 25 | $2.1B | $4.0B | ||
| Q2 25 | $1.9B | $3.9B | ||
| Q1 25 | $2.0B | $4.1B | ||
| Q4 24 | $2.0B | $4.2B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $2.0B | $4.1B |
| Q4 25 | $5.4B | $13.6B | ||
| Q3 25 | $5.3B | $13.5B | ||
| Q2 25 | $5.2B | $13.8B | ||
| Q1 25 | $4.9B | $13.8B | ||
| Q4 24 | $5.1B | $13.7B | ||
| Q3 24 | $4.9B | $13.8B | ||
| Q2 24 | $4.9B | $14.2B | ||
| Q1 24 | $4.7B | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $-13.6M | $279.4M |
| FCF MarginFCF / Revenue | -1.0% | 21.1% |
| Capex IntensityCapex / Revenue | 4.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.68× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $318.7M | ||
| Q3 25 | $78.6M | $147.8M | ||
| Q2 25 | $157.5M | $158.2M | ||
| Q1 25 | $140.2M | $402.2M | ||
| Q4 24 | $96.9M | $348.0M | ||
| Q3 24 | $91.3M | $-77.8M | ||
| Q2 24 | $199.7M | $185.2M | ||
| Q1 24 | $234.7M | $384.7M |
| Q4 25 | $-13.6M | $279.4M | ||
| Q3 25 | $21.8M | $101.2M | ||
| Q2 25 | $106.6M | $124.0M | ||
| Q1 25 | $76.4M | $373.8M | ||
| Q4 24 | $34.4M | $306.7M | ||
| Q3 24 | $50.1M | $-117.1M | ||
| Q2 24 | $167.4M | $145.2M | ||
| Q1 24 | $178.9M | $348.2M |
| Q4 25 | -1.0% | 21.1% | ||
| Q3 25 | 1.4% | 7.9% | ||
| Q2 25 | 7.9% | 9.5% | ||
| Q1 25 | 4.6% | 29.8% | ||
| Q4 24 | 2.6% | 23.0% | ||
| Q3 24 | 3.2% | -9.2% | ||
| Q2 24 | 12.3% | 10.7% | ||
| Q1 24 | 10.0% | 24.1% |
| Q4 25 | 4.5% | 3.0% | ||
| Q3 25 | 3.5% | 3.6% | ||
| Q2 25 | 3.8% | 2.6% | ||
| Q1 25 | 3.8% | 2.3% | ||
| Q4 24 | 4.6% | 3.1% | ||
| Q3 24 | 2.7% | 3.1% | ||
| Q2 24 | 2.4% | 2.9% | ||
| Q1 24 | 3.1% | 2.5% |
| Q4 25 | 0.68× | 1.90× | ||
| Q3 25 | 0.63× | 1.01× | ||
| Q2 25 | 3.42× | 5.49× | ||
| Q1 25 | 1.05× | 4.33× | ||
| Q4 24 | 1.47× | 1.51× | ||
| Q3 24 | 0.64× | -0.92× | ||
| Q2 24 | 2.61× | 0.75× | ||
| Q1 24 | 1.40× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
