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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and PHINIA INC. (PHIN). 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 $889.0M, roughly 1.6× PHINIA INC.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 3.0%). PHINIA INC. produced more free cash flow last quarter ($67.0M vs $-13.6M). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% 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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
ASO vs PHIN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $889.0M |
| Net Profit | $71.6M | — |
| Gross Margin | 35.7% | 21.7% |
| Operating Margin | 7.3% | 7.8% |
| Net Margin | 5.2% | — |
| Revenue YoY | 3.0% | 6.7% |
| Net Profit YoY | 8.8% | — |
| EPS (diluted) | $1.05 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $1.6B | $908.0M | ||
| Q2 25 | $1.4B | $890.0M | ||
| Q1 25 | $1.7B | $796.0M | ||
| Q4 24 | $1.3B | $833.0M | ||
| Q3 24 | $1.5B | $839.0M | ||
| Q2 24 | $1.4B | $868.0M | ||
| Q1 24 | $1.8B | $863.0M |
| Q4 25 | $71.6M | — | ||
| Q3 25 | $125.4M | $13.0M | ||
| Q2 25 | $46.1M | $46.0M | ||
| Q1 25 | $133.6M | $26.0M | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $142.6M | $31.0M | ||
| Q2 24 | $76.5M | $14.0M | ||
| Q1 24 | $168.2M | $29.0M |
| Q4 25 | 35.7% | 21.7% | ||
| Q3 25 | 36.0% | 22.0% | ||
| Q2 25 | 34.0% | 22.1% | ||
| Q1 25 | 32.2% | 21.6% | ||
| Q4 24 | 34.0% | 22.7% | ||
| Q3 24 | 36.1% | 22.3% | ||
| Q2 24 | 33.4% | 21.7% | ||
| Q1 24 | 33.3% | 22.2% |
| Q4 25 | 7.3% | 7.8% | ||
| Q3 25 | 10.8% | 3.7% | ||
| Q2 25 | 5.1% | 10.0% | ||
| Q1 25 | 9.2% | 7.8% | ||
| Q4 24 | 6.8% | 6.1% | ||
| Q3 24 | 12.3% | 7.9% | ||
| Q2 24 | 7.5% | 8.2% | ||
| Q1 24 | 11.4% | 8.2% |
| Q4 25 | 5.2% | — | ||
| Q3 25 | 7.8% | 1.4% | ||
| Q2 25 | 3.4% | 5.2% | ||
| Q1 25 | 8.0% | 3.3% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 9.2% | 3.7% | ||
| Q2 24 | 5.6% | 1.6% | ||
| Q1 24 | 9.4% | 3.4% |
| Q4 25 | $1.05 | $1.14 | ||
| Q3 25 | $1.85 | $0.33 | ||
| Q2 25 | $0.68 | $1.14 | ||
| Q1 25 | $1.85 | $0.63 | ||
| Q4 24 | $0.92 | $0.13 | ||
| Q3 24 | $1.95 | $0.70 | ||
| Q2 24 | $1.01 | $0.31 | ||
| Q1 24 | $2.19 | $0.62 |
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 | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $2.1B | $1.6B |
| Total Assets | $5.4B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $359.0M | ||
| Q3 25 | $300.9M | $349.0M | ||
| Q2 25 | $285.1M | $347.0M | ||
| Q1 25 | $288.9M | $373.0M | ||
| Q4 24 | $296.0M | $484.0M | ||
| Q3 24 | $324.6M | $477.0M | ||
| Q2 24 | $378.1M | $339.0M | ||
| Q1 24 | $347.9M | $325.0M |
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | — | $706.0M |
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B | ||
| Q1 24 | $2.0B | $1.9B |
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $4.9B | $3.7B | ||
| Q4 24 | $5.1B | $3.8B | ||
| Q3 24 | $4.9B | $4.0B | ||
| Q2 24 | $4.9B | $3.9B | ||
| Q1 24 | $4.7B | $4.0B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
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 | $96.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $67.0M |
| FCF MarginFCF / Revenue | -1.0% | 7.5% |
| Capex IntensityCapex / Revenue | 4.5% | 3.3% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $96.0M | ||
| Q3 25 | $78.6M | $119.0M | ||
| Q2 25 | $157.5M | $57.0M | ||
| Q1 25 | $140.2M | $40.0M | ||
| Q4 24 | $96.9M | $73.0M | ||
| Q3 24 | $91.3M | $95.0M | ||
| Q2 24 | $199.7M | $109.0M | ||
| Q1 24 | $234.7M | $31.0M |
| Q4 25 | $-13.6M | $67.0M | ||
| Q3 25 | $21.8M | $93.0M | ||
| Q2 25 | $106.6M | $23.0M | ||
| Q1 25 | $76.4M | $5.0M | ||
| Q4 24 | $34.4M | $53.0M | ||
| Q3 24 | $50.1M | $70.0M | ||
| Q2 24 | $167.4M | $92.0M | ||
| Q1 24 | $178.9M | $-12.0M |
| Q4 25 | -1.0% | 7.5% | ||
| Q3 25 | 1.4% | 10.2% | ||
| Q2 25 | 7.9% | 2.6% | ||
| Q1 25 | 4.6% | 0.6% | ||
| Q4 24 | 2.6% | 6.4% | ||
| Q3 24 | 3.2% | 8.3% | ||
| Q2 24 | 12.3% | 10.6% | ||
| Q1 24 | 10.0% | -1.4% |
| Q4 25 | 4.5% | 3.3% | ||
| Q3 25 | 3.5% | 2.9% | ||
| Q2 25 | 3.8% | 3.8% | ||
| Q1 25 | 3.8% | 4.4% | ||
| Q4 24 | 4.6% | 2.4% | ||
| Q3 24 | 2.7% | 3.0% | ||
| Q2 24 | 2.4% | 2.0% | ||
| Q1 24 | 3.1% | 5.0% |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | 9.15× | ||
| Q2 25 | 3.42× | 1.24× | ||
| Q1 25 | 1.05× | 1.54× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 3.06× | ||
| Q2 24 | 2.61× | 7.79× | ||
| Q1 24 | 1.40× | 1.07× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
