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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.4B, roughly 1.3× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 2.8%, a 2.4% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs 3.0%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-13.6M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% 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.
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
ASO vs PRIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.9B |
| Net Profit | $71.6M | $51.7M |
| Gross Margin | 35.7% | 9.4% |
| Operating Margin | 7.3% | 4.2% |
| Net Margin | 5.2% | 2.8% |
| Revenue YoY | 3.0% | 6.7% |
| Net Profit YoY | 8.8% | -4.2% |
| EPS (diluted) | $1.05 | $0.94 |
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 | $1.9B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.8B | $1.4B |
| Q4 25 | $71.6M | $51.7M | ||
| Q3 25 | $125.4M | $94.6M | ||
| Q2 25 | $46.1M | $84.3M | ||
| Q1 25 | $133.6M | $44.2M | ||
| Q4 24 | $65.8M | $54.0M | ||
| Q3 24 | $142.6M | $58.4M | ||
| Q2 24 | $76.5M | $49.5M | ||
| Q1 24 | $168.2M | $18.9M |
| Q4 25 | 35.7% | 9.4% | ||
| Q3 25 | 36.0% | 10.8% | ||
| Q2 25 | 34.0% | 12.3% | ||
| Q1 25 | 32.2% | 10.4% | ||
| Q4 24 | 34.0% | 10.6% | ||
| Q3 24 | 36.1% | 12.0% | ||
| Q2 24 | 33.4% | 11.9% | ||
| Q1 24 | 33.3% | 9.4% |
| Q4 25 | 7.3% | 4.2% | ||
| Q3 25 | 10.8% | 6.3% | ||
| Q2 25 | 5.1% | 6.7% | ||
| Q1 25 | 9.2% | 4.3% | ||
| Q4 24 | 6.8% | 5.0% | ||
| Q3 24 | 12.3% | 6.0% | ||
| Q2 24 | 7.5% | 5.5% | ||
| Q1 24 | 11.4% | 3.1% |
| Q4 25 | 5.2% | 2.8% | ||
| Q3 25 | 7.8% | 4.3% | ||
| Q2 25 | 3.4% | 4.5% | ||
| Q1 25 | 8.0% | 2.7% | ||
| Q4 24 | 4.9% | 3.1% | ||
| Q3 24 | 9.2% | 3.5% | ||
| Q2 24 | 5.6% | 3.2% | ||
| Q1 24 | 9.4% | 1.3% |
| Q4 25 | $1.05 | $0.94 | ||
| Q3 25 | $1.85 | $1.73 | ||
| Q2 25 | $0.68 | $1.54 | ||
| Q1 25 | $1.85 | $0.81 | ||
| Q4 24 | $0.92 | $0.98 | ||
| Q3 24 | $1.95 | $1.07 | ||
| Q2 24 | $1.01 | $0.91 | ||
| Q1 24 | $2.19 | $0.35 |
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 | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $2.1B | $1.7B |
| Total Assets | $5.4B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $535.5M | ||
| Q3 25 | $300.9M | $431.4M | ||
| Q2 25 | $285.1M | $390.3M | ||
| Q1 25 | $288.9M | $351.6M | ||
| Q4 24 | $296.0M | $455.8M | ||
| Q3 24 | $324.6M | $352.7M | ||
| Q2 24 | $378.1M | $207.4M | ||
| Q1 24 | $347.9M | $177.6M |
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | — | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M | ||
| Q1 24 | — | $951.7M |
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $2.0B | $1.2B |
| Q4 25 | $5.4B | $4.4B | ||
| Q3 25 | $5.3B | $4.6B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $4.9B | $4.2B | ||
| Q4 24 | $5.1B | $4.2B | ||
| Q3 24 | $4.9B | $4.2B | ||
| Q2 24 | $4.9B | $4.0B | ||
| Q1 24 | $4.7B | $4.0B |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.76× |
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 | $142.9M |
| Free Cash FlowOCF − Capex | $-13.6M | $121.1M |
| FCF MarginFCF / Revenue | -1.0% | 6.5% |
| Capex IntensityCapex / Revenue | 4.5% | 1.2% |
| Cash ConversionOCF / Net Profit | 0.68× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $142.9M | ||
| Q3 25 | $78.6M | $182.9M | ||
| Q2 25 | $157.5M | $78.5M | ||
| Q1 25 | $140.2M | $66.2M | ||
| Q4 24 | $96.9M | $298.3M | ||
| Q3 24 | $91.3M | $222.5M | ||
| Q2 24 | $199.7M | $16.1M | ||
| Q1 24 | $234.7M | $-28.5M |
| Q4 25 | $-13.6M | $121.1M | ||
| Q3 25 | $21.8M | $148.4M | ||
| Q2 25 | $106.6M | $45.3M | ||
| Q1 25 | $76.4M | $25.6M | ||
| Q4 24 | $34.4M | $270.0M | ||
| Q3 24 | $50.1M | $158.8M | ||
| Q2 24 | $167.4M | $-8.1M | ||
| Q1 24 | $178.9M | $-38.9M |
| Q4 25 | -1.0% | 6.5% | ||
| Q3 25 | 1.4% | 6.8% | ||
| Q2 25 | 7.9% | 2.4% | ||
| Q1 25 | 4.6% | 1.6% | ||
| Q4 24 | 2.6% | 15.5% | ||
| Q3 24 | 3.2% | 9.6% | ||
| Q2 24 | 12.3% | -0.5% | ||
| Q1 24 | 10.0% | -2.8% |
| Q4 25 | 4.5% | 1.2% | ||
| Q3 25 | 3.5% | 1.6% | ||
| Q2 25 | 3.8% | 1.8% | ||
| Q1 25 | 3.8% | 2.5% | ||
| Q4 24 | 4.6% | 1.6% | ||
| Q3 24 | 2.7% | 3.9% | ||
| Q2 24 | 2.4% | 1.5% | ||
| Q1 24 | 3.1% | 0.7% |
| Q4 25 | 0.68× | 2.76× | ||
| Q3 25 | 0.63× | 1.93× | ||
| Q2 25 | 3.42× | 0.93× | ||
| Q1 25 | 1.05× | 1.50× | ||
| Q4 24 | 1.47× | 5.53× | ||
| Q3 24 | 0.64× | 3.81× | ||
| Q2 24 | 2.61× | 0.32× | ||
| Q1 24 | 1.40× | -1.50× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
