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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and PACS Group, Inc. (PACS). 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 $1.4B, roughly 1.0× PACS Group, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 4.4%, a 0.8% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 3.0%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
ASO vs PACS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $71.6M | $59.7M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 7.0% |
| Net Margin | 5.2% | 4.4% |
| Revenue YoY | 3.0% | 18.4% |
| Net Profit YoY | 8.8% | 3022.5% |
| EPS (diluted) | $1.05 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $981.4M | ||
| Q1 24 | $1.8B | $934.3M |
| Q4 25 | $71.6M | $59.7M | ||
| Q3 25 | $125.4M | $52.4M | ||
| Q2 25 | $46.1M | $51.0M | ||
| Q1 25 | $133.6M | $28.5M | ||
| Q4 24 | $65.8M | $1.9M | ||
| Q3 24 | $142.6M | $15.6M | ||
| Q2 24 | $76.5M | $-10.9M | ||
| Q1 24 | $168.2M | $49.1M |
| Q4 25 | 35.7% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 34.0% | — | ||
| Q3 24 | 36.1% | 17.1% | ||
| Q2 24 | 33.4% | 22.3% | ||
| Q1 24 | 33.3% | 21.2% |
| Q4 25 | 7.3% | 7.0% | ||
| Q3 25 | 10.8% | 6.4% | ||
| Q2 25 | 5.1% | 6.2% | ||
| Q1 25 | 9.2% | 3.8% | ||
| Q4 24 | 6.8% | 1.7% | ||
| Q3 24 | 12.3% | 2.2% | ||
| Q2 24 | 7.5% | 0.1% | ||
| Q1 24 | 11.4% | 8.6% |
| Q4 25 | 5.2% | 4.4% | ||
| Q3 25 | 7.8% | 3.9% | ||
| Q2 25 | 3.4% | 3.9% | ||
| Q1 25 | 8.0% | 2.2% | ||
| Q4 24 | 4.9% | 0.2% | ||
| Q3 24 | 9.2% | 1.5% | ||
| Q2 24 | 5.6% | -1.1% | ||
| Q1 24 | 9.4% | 5.3% |
| Q4 25 | $1.05 | $0.42 | ||
| Q3 25 | $1.85 | $0.32 | ||
| Q2 25 | $0.68 | $0.31 | ||
| Q1 25 | $1.85 | $0.17 | ||
| Q4 24 | $0.92 | $-0.03 | ||
| Q3 24 | $1.95 | $0.10 | ||
| Q2 24 | $1.01 | $-0.07 | ||
| Q1 24 | $2.19 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | $2.1B | $946.8M |
| Total Assets | $5.4B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $197.0M | ||
| Q3 25 | $300.9M | $355.7M | ||
| Q2 25 | $285.1M | $294.2M | ||
| Q1 25 | $288.9M | $287.5M | ||
| Q4 24 | $296.0M | $157.7M | ||
| Q3 24 | $324.6M | $49.5M | ||
| Q2 24 | $378.1M | $73.4M | ||
| Q1 24 | $347.9M | $81.2M |
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $946.8M | ||
| Q3 25 | $2.1B | $871.3M | ||
| Q2 25 | $1.9B | $806.8M | ||
| Q1 25 | $2.0B | $750.2M | ||
| Q4 24 | $2.0B | $709.6M | ||
| Q3 24 | $2.0B | $660.0M | ||
| Q2 24 | $1.9B | $572.1M | ||
| Q1 24 | $2.0B | $128.0M |
| Q4 25 | $5.4B | $5.6B | ||
| Q3 25 | $5.3B | $5.6B | ||
| Q2 25 | $5.2B | $5.5B | ||
| Q1 25 | $4.9B | $5.5B | ||
| Q4 24 | $5.1B | $5.2B | ||
| Q3 24 | $4.9B | $4.5B | ||
| Q2 24 | $4.9B | $3.9B | ||
| Q1 24 | $4.7B | $3.9B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.4M |
| Free Cash FlowOCF − Capex | $-13.6M | — |
| FCF MarginFCF / Revenue | -1.0% | — |
| Capex IntensityCapex / Revenue | 4.5% | — |
| Cash ConversionOCF / Net Profit | 0.68× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $-3.4M | ||
| Q3 25 | $78.6M | $204.8M | ||
| Q2 25 | $157.5M | $52.6M | ||
| Q1 25 | $140.2M | $150.2M | ||
| Q4 24 | $96.9M | $64.6M | ||
| Q3 24 | $91.3M | $209.2M | ||
| Q2 24 | $199.7M | $34.8M | ||
| Q1 24 | $234.7M | $58.8M |
| Q4 25 | $-13.6M | — | ||
| Q3 25 | $21.8M | — | ||
| Q2 25 | $106.6M | — | ||
| Q1 25 | $76.4M | — | ||
| Q4 24 | $34.4M | — | ||
| Q3 24 | $50.1M | — | ||
| Q2 24 | $167.4M | — | ||
| Q1 24 | $178.9M | — |
| Q4 25 | -1.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 10.0% | — |
| Q4 25 | 4.5% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | 0.68× | -0.06× | ||
| Q3 25 | 0.63× | 3.91× | ||
| Q2 25 | 3.42× | 1.03× | ||
| Q1 25 | 1.05× | 5.28× | ||
| Q4 24 | 1.47× | 33.78× | ||
| Q3 24 | 0.64× | 13.39× | ||
| Q2 24 | 2.61× | — | ||
| Q1 24 | 1.40× | 1.20× |
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% |
PACS
Segment breakdown not available.
