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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× Academy Sports & Outdoors, Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 5.2%, a 40.9% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $-13.6M). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (-7.2% 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.
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
ASO vs OVV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $71.6M | $946.0M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 21.2% |
| Net Margin | 5.2% | 46.1% |
| Revenue YoY | 3.0% | -6.0% |
| Net Profit YoY | 8.8% | 1676.7% |
| EPS (diluted) | $1.05 | $3.64 |
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 | $2.1B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.8B | $2.4B |
| Q4 25 | $71.6M | $946.0M | ||
| Q3 25 | $125.4M | $148.0M | ||
| Q2 25 | $46.1M | $307.0M | ||
| Q1 25 | $133.6M | $-159.0M | ||
| Q4 24 | $65.8M | $-60.0M | ||
| Q3 24 | $142.6M | $507.0M | ||
| Q2 24 | $76.5M | $340.0M | ||
| Q1 24 | $168.2M | $338.0M |
| 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% | 21.2% | ||
| Q3 25 | 10.8% | 13.5% | ||
| Q2 25 | 5.1% | 23.1% | ||
| Q1 25 | 9.2% | -3.7% | ||
| Q4 24 | 6.8% | 0.1% | ||
| Q3 24 | 12.3% | 24.2% | ||
| Q2 24 | 7.5% | 25.4% | ||
| Q1 24 | 11.4% | 20.7% |
| Q4 25 | 5.2% | 46.1% | ||
| Q3 25 | 7.8% | 7.3% | ||
| Q2 25 | 3.4% | 13.9% | ||
| Q1 25 | 8.0% | -6.7% | ||
| Q4 24 | 4.9% | -2.7% | ||
| Q3 24 | 9.2% | 23.3% | ||
| Q2 24 | 5.6% | 15.5% | ||
| Q1 24 | 9.4% | 14.2% |
| Q4 25 | $1.05 | $3.64 | ||
| Q3 25 | $1.85 | $0.57 | ||
| Q2 25 | $0.68 | $1.18 | ||
| Q1 25 | $1.85 | $-0.61 | ||
| Q4 24 | $0.92 | $-0.22 | ||
| Q3 24 | $1.95 | $1.92 | ||
| Q2 24 | $1.01 | $1.27 | ||
| Q1 24 | $2.19 | $1.24 |
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 | $280.0M |
| Total DebtLower is stronger | — | $5.2B |
| Stockholders' EquityBook value | $2.1B | $11.2B |
| Total Assets | $5.4B | $20.4B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $280.0M | ||
| Q3 25 | $300.9M | $25.0M | ||
| Q2 25 | $285.1M | $20.0M | ||
| Q1 25 | $288.9M | $8.0M | ||
| Q4 24 | $296.0M | $42.0M | ||
| Q3 24 | $324.6M | $9.0M | ||
| Q2 24 | $378.1M | $8.0M | ||
| Q1 24 | $347.9M | $5.0M |
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.2B |
| Q4 25 | $2.1B | $11.2B | ||
| Q3 25 | $2.1B | $10.2B | ||
| Q2 25 | $1.9B | $10.4B | ||
| Q1 25 | $2.0B | $10.1B | ||
| Q4 24 | $2.0B | $10.3B | ||
| Q3 24 | $2.0B | $10.7B | ||
| Q2 24 | $1.9B | $10.3B | ||
| Q1 24 | $2.0B | $10.3B |
| Q4 25 | $5.4B | $20.4B | ||
| Q3 25 | $5.3B | $19.4B | ||
| Q2 25 | $5.2B | $19.7B | ||
| Q1 25 | $4.9B | $19.6B | ||
| Q4 24 | $5.1B | $19.3B | ||
| Q3 24 | $4.9B | $19.9B | ||
| Q2 24 | $4.9B | $19.8B | ||
| Q1 24 | $4.7B | $19.8B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.60× |
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 | $954.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $489.0M |
| FCF MarginFCF / Revenue | -1.0% | 23.8% |
| Capex IntensityCapex / Revenue | 4.5% | 22.6% |
| Cash ConversionOCF / Net Profit | 0.68× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $954.0M | ||
| Q3 25 | $78.6M | $812.0M | ||
| Q2 25 | $157.5M | $1.0B | ||
| Q1 25 | $140.2M | $873.0M | ||
| Q4 24 | $96.9M | $1.0B | ||
| Q3 24 | $91.3M | $1.0B | ||
| Q2 24 | $199.7M | $1.0B | ||
| Q1 24 | $234.7M | $659.0M |
| Q4 25 | $-13.6M | $489.0M | ||
| Q3 25 | $21.8M | $268.0M | ||
| Q2 25 | $106.6M | $492.0M | ||
| Q1 25 | $76.4M | $256.0M | ||
| Q4 24 | $34.4M | $468.0M | ||
| Q3 24 | $50.1M | $484.0M | ||
| Q2 24 | $167.4M | $398.0M | ||
| Q1 24 | $178.9M | $68.0M |
| Q4 25 | -1.0% | 23.8% | ||
| Q3 25 | 1.4% | 13.3% | ||
| Q2 25 | 7.9% | 22.2% | ||
| Q1 25 | 4.6% | 10.8% | ||
| Q4 24 | 2.6% | 21.4% | ||
| Q3 24 | 3.2% | 22.2% | ||
| Q2 24 | 12.3% | 18.1% | ||
| Q1 24 | 10.0% | 2.8% |
| Q4 25 | 4.5% | 22.6% | ||
| Q3 25 | 3.5% | 26.9% | ||
| Q2 25 | 3.8% | 23.5% | ||
| Q1 25 | 3.8% | 26.0% | ||
| Q4 24 | 4.6% | 25.3% | ||
| Q3 24 | 2.7% | 24.7% | ||
| Q2 24 | 2.4% | 28.4% | ||
| Q1 24 | 3.1% | 24.8% |
| Q4 25 | 0.68× | 1.01× | ||
| Q3 25 | 0.63× | 5.49× | ||
| Q2 25 | 3.42× | 3.30× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 2.02× | ||
| Q2 24 | 2.61× | 3.00× | ||
| Q1 24 | 1.40× | 1.95× |
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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
