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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Construction Partners, Inc. (ROAD). 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 $809.5M, roughly 1.7× Construction Partners, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 2.1%, a 3.0% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 3.0%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $-13.6M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
ASO vs ROAD — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $809.5M |
| Net Profit | $71.6M | $17.2M |
| Gross Margin | 35.7% | 15.0% |
| Operating Margin | 7.3% | 6.2% |
| Net Margin | 5.2% | 2.1% |
| Revenue YoY | 3.0% | 44.1% |
| Net Profit YoY | 8.8% | 663.9% |
| EPS (diluted) | $1.05 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $1.6B | $899.8M | ||
| Q2 25 | $1.4B | $779.3M | ||
| Q1 25 | $1.7B | $571.6M | ||
| Q4 24 | $1.3B | $561.6M | ||
| Q3 24 | $1.5B | $538.2M | ||
| Q2 24 | $1.4B | $517.8M | ||
| Q1 24 | $1.8B | $371.4M |
| Q4 25 | $71.6M | $17.2M | ||
| Q3 25 | $125.4M | $56.6M | ||
| Q2 25 | $46.1M | $44.0M | ||
| Q1 25 | $133.6M | $4.2M | ||
| Q4 24 | $65.8M | $-3.1M | ||
| Q3 24 | $142.6M | $29.3M | ||
| Q2 24 | $76.5M | $30.9M | ||
| Q1 24 | $168.2M | $-1.1M |
| Q4 25 | 35.7% | 15.0% | ||
| Q3 25 | 36.0% | 17.7% | ||
| Q2 25 | 34.0% | 16.9% | ||
| Q1 25 | 32.2% | 12.5% | ||
| Q4 24 | 34.0% | 13.6% | ||
| Q3 24 | 36.1% | 15.6% | ||
| Q2 24 | 33.4% | 16.1% | ||
| Q1 24 | 33.3% | 10.4% |
| Q4 25 | 7.3% | 6.2% | ||
| Q3 25 | 10.8% | 11.2% | ||
| Q2 25 | 5.1% | 10.6% | ||
| Q1 25 | 9.2% | 4.8% | ||
| Q4 24 | 6.8% | 2.5% | ||
| Q3 24 | 12.3% | 8.5% | ||
| Q2 24 | 7.5% | 8.8% | ||
| Q1 24 | 11.4% | 0.8% |
| Q4 25 | 5.2% | 2.1% | ||
| Q3 25 | 7.8% | 6.3% | ||
| Q2 25 | 3.4% | 5.7% | ||
| Q1 25 | 8.0% | 0.7% | ||
| Q4 24 | 4.9% | -0.5% | ||
| Q3 24 | 9.2% | 5.4% | ||
| Q2 24 | 5.6% | 6.0% | ||
| Q1 24 | 9.4% | -0.3% |
| Q4 25 | $1.05 | $0.31 | ||
| Q3 25 | $1.85 | $1.03 | ||
| Q2 25 | $0.68 | $0.79 | ||
| Q1 25 | $1.85 | $0.08 | ||
| Q4 24 | $0.92 | $-0.06 | ||
| Q3 24 | $1.95 | $0.55 | ||
| Q2 24 | $1.01 | $0.59 | ||
| Q1 24 | $2.19 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $969.1M |
| Total Assets | $5.4B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $104.1M | ||
| Q3 25 | $300.9M | $156.1M | ||
| Q2 25 | $285.1M | $114.3M | ||
| Q1 25 | $288.9M | $101.9M | ||
| Q4 24 | $296.0M | $132.5M | ||
| Q3 24 | $324.6M | $74.7M | ||
| Q2 24 | $378.1M | $56.3M | ||
| Q1 24 | $347.9M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $969.1M | ||
| Q3 25 | $2.1B | $912.0M | ||
| Q2 25 | $1.9B | $853.3M | ||
| Q1 25 | $2.0B | $807.9M | ||
| Q4 24 | $2.0B | $811.1M | ||
| Q3 24 | $2.0B | $573.7M | ||
| Q2 24 | $1.9B | $552.9M | ||
| Q1 24 | $2.0B | $525.0M |
| Q4 25 | $5.4B | $3.4B | ||
| Q3 25 | $5.3B | $3.2B | ||
| Q2 25 | $5.2B | $2.9B | ||
| Q1 25 | $4.9B | $2.8B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $4.9B | $1.5B | ||
| Q2 24 | $4.9B | $1.4B | ||
| Q1 24 | $4.7B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | $-13.6M | $47.1M |
| FCF MarginFCF / Revenue | -1.0% | 5.8% |
| Capex IntensityCapex / Revenue | 4.5% | 4.4% |
| Cash ConversionOCF / Net Profit | 0.68× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $82.6M | ||
| Q3 25 | $78.6M | $112.0M | ||
| Q2 25 | $157.5M | $83.0M | ||
| Q1 25 | $140.2M | $55.6M | ||
| Q4 24 | $96.9M | $40.7M | ||
| Q3 24 | $91.3M | $95.9M | ||
| Q2 24 | $199.7M | $34.6M | ||
| Q1 24 | $234.7M | $18.2M |
| Q4 25 | $-13.6M | $47.1M | ||
| Q3 25 | $21.8M | $78.9M | ||
| Q2 25 | $106.6M | $46.4M | ||
| Q1 25 | $76.4M | $14.2M | ||
| Q4 24 | $34.4M | $13.8M | ||
| Q3 24 | $50.1M | $78.4M | ||
| Q2 24 | $167.4M | $19.7M | ||
| Q1 24 | $178.9M | $-10.6M |
| Q4 25 | -1.0% | 5.8% | ||
| Q3 25 | 1.4% | 8.8% | ||
| Q2 25 | 7.9% | 5.9% | ||
| Q1 25 | 4.6% | 2.5% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 3.2% | 14.6% | ||
| Q2 24 | 12.3% | 3.8% | ||
| Q1 24 | 10.0% | -2.8% |
| Q4 25 | 4.5% | 4.4% | ||
| Q3 25 | 3.5% | 3.7% | ||
| Q2 25 | 3.8% | 4.7% | ||
| Q1 25 | 3.8% | 7.2% | ||
| Q4 24 | 4.6% | 4.8% | ||
| Q3 24 | 2.7% | 3.3% | ||
| Q2 24 | 2.4% | 2.9% | ||
| Q1 24 | 3.1% | 7.7% |
| Q4 25 | 0.68× | 4.80× | ||
| Q3 25 | 0.63× | 1.98× | ||
| Q2 25 | 3.42× | 1.88× | ||
| Q1 25 | 1.05× | 13.20× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 3.27× | ||
| Q2 24 | 2.61× | 1.12× | ||
| Q1 24 | 1.40× | — |
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% |
ROAD
Segment breakdown not available.
