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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -3.1%, a 8.3% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -11.9%). RXO, Inc. produced more free cash flow last quarter ($-9.0M vs $-13.6M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
ASO vs RXO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $71.6M | $-46.0M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | -2.9% |
| Net Margin | 5.2% | -3.1% |
| Revenue YoY | 3.0% | -11.9% |
| Net Profit YoY | 8.8% | -84.0% |
| EPS (diluted) | $1.05 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $930.0M | ||
| Q1 24 | $1.8B | $913.0M |
| Q4 25 | $71.6M | $-46.0M | ||
| Q3 25 | $125.4M | $-14.0M | ||
| Q2 25 | $46.1M | $-9.0M | ||
| Q1 25 | $133.6M | $-31.0M | ||
| Q4 24 | $65.8M | $-25.0M | ||
| Q3 24 | $142.6M | $-243.0M | ||
| Q2 24 | $76.5M | $-7.0M | ||
| Q1 24 | $168.2M | $-15.0M |
| 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% | -2.9% | ||
| Q3 25 | 10.8% | -0.5% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 9.2% | -2.1% | ||
| Q4 24 | 6.8% | -1.4% | ||
| Q3 24 | 12.3% | -1.9% | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 11.4% | -1.3% |
| Q4 25 | 5.2% | -3.1% | ||
| Q3 25 | 7.8% | -1.0% | ||
| Q2 25 | 3.4% | -0.6% | ||
| Q1 25 | 8.0% | -2.2% | ||
| Q4 24 | 4.9% | -1.5% | ||
| Q3 24 | 9.2% | -23.4% | ||
| Q2 24 | 5.6% | -0.8% | ||
| Q1 24 | 9.4% | -1.6% |
| Q4 25 | $1.05 | $-0.28 | ||
| Q3 25 | $1.85 | $-0.08 | ||
| Q2 25 | $0.68 | $-0.05 | ||
| Q1 25 | $1.85 | $-0.18 | ||
| Q4 24 | $0.92 | $-0.17 | ||
| Q3 24 | $1.95 | $-1.81 | ||
| Q2 24 | $1.01 | $-0.06 | ||
| Q1 24 | $2.19 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $2.1B | $1.5B |
| Total Assets | $5.4B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $17.0M | ||
| Q3 25 | $300.9M | $25.0M | ||
| Q2 25 | $285.1M | $18.0M | ||
| Q1 25 | $288.9M | $16.0M | ||
| Q4 24 | $296.0M | $35.0M | ||
| Q3 24 | $324.6M | $55.0M | ||
| Q2 24 | $378.1M | $7.0M | ||
| Q1 24 | $347.9M | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.9B | $579.0M | ||
| Q1 24 | $2.0B | $582.0M |
| Q4 25 | $5.4B | $3.3B | ||
| Q3 25 | $5.3B | $3.2B | ||
| Q2 25 | $5.2B | $3.2B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $5.1B | $3.4B | ||
| Q3 24 | $4.9B | $3.4B | ||
| Q2 24 | $4.9B | $1.8B | ||
| Q1 24 | $4.7B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| 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 | $7.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $-9.0M |
| FCF MarginFCF / Revenue | -1.0% | -0.6% |
| Capex IntensityCapex / Revenue | 4.5% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $7.0M | ||
| Q3 25 | $78.6M | $23.0M | ||
| Q2 25 | $157.5M | $23.0M | ||
| Q1 25 | $140.2M | $-2.0M | ||
| Q4 24 | $96.9M | $-7.0M | ||
| Q3 24 | $91.3M | $-7.0M | ||
| Q2 24 | $199.7M | $-5.0M | ||
| Q1 24 | $234.7M | $7.0M |
| Q4 25 | $-13.6M | $-9.0M | ||
| Q3 25 | $21.8M | $9.0M | ||
| Q2 25 | $106.6M | $9.0M | ||
| Q1 25 | $76.4M | $-17.0M | ||
| Q4 24 | $34.4M | $-19.0M | ||
| Q3 24 | $50.1M | $-18.0M | ||
| Q2 24 | $167.4M | $-16.0M | ||
| Q1 24 | $178.9M | $-4.0M |
| Q4 25 | -1.0% | -0.6% | ||
| Q3 25 | 1.4% | 0.6% | ||
| Q2 25 | 7.9% | 0.6% | ||
| Q1 25 | 4.6% | -1.2% | ||
| Q4 24 | 2.6% | -1.1% | ||
| Q3 24 | 3.2% | -1.7% | ||
| Q2 24 | 12.3% | -1.7% | ||
| Q1 24 | 10.0% | -0.4% |
| Q4 25 | 4.5% | 1.1% | ||
| Q3 25 | 3.5% | 1.0% | ||
| Q2 25 | 3.8% | 1.0% | ||
| Q1 25 | 3.8% | 1.0% | ||
| Q4 24 | 4.6% | 0.7% | ||
| Q3 24 | 2.7% | 1.1% | ||
| Q2 24 | 2.4% | 1.2% | ||
| Q1 24 | 3.1% | 1.2% |
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
