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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 3.1%, a 2.0% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $-13.6M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
ASO vs SEE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $71.6M | $43.8M |
| Gross Margin | 35.7% | 28.6% |
| Operating Margin | 7.3% | 11.4% |
| Net Margin | 5.2% | 3.1% |
| Revenue YoY | 3.0% | 2.6% |
| Net Profit YoY | 8.8% | 700.0% |
| EPS (diluted) | $1.05 | $0.30 |
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 | $1.4B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
| Q4 25 | $71.6M | $43.8M | ||
| Q3 25 | $125.4M | $255.1M | ||
| Q2 25 | $46.1M | $93.1M | ||
| Q1 25 | $133.6M | $113.5M | ||
| Q4 24 | $65.8M | $-7.3M | ||
| Q3 24 | $142.6M | $91.7M | ||
| Q2 24 | $76.5M | $98.3M | ||
| Q1 24 | $168.2M | $82.0M |
| Q4 25 | 35.7% | 28.6% | ||
| Q3 25 | 36.0% | 29.8% | ||
| Q2 25 | 34.0% | 30.7% | ||
| Q1 25 | 32.2% | 30.9% | ||
| Q4 24 | 34.0% | 30.0% | ||
| Q3 24 | 36.1% | 30.1% | ||
| Q2 24 | 33.4% | 31.2% | ||
| Q1 24 | 33.3% | 30.3% |
| Q4 25 | 7.3% | 11.4% | ||
| Q3 25 | 10.8% | 13.8% | ||
| Q2 25 | 5.1% | 15.0% | ||
| Q1 25 | 9.2% | 14.5% | ||
| Q4 24 | 6.8% | 11.7% | ||
| Q3 24 | 12.3% | 13.9% | ||
| Q2 24 | 7.5% | 15.4% | ||
| Q1 24 | 11.4% | 14.0% |
| Q4 25 | 5.2% | 3.1% | ||
| Q3 25 | 7.8% | 19.0% | ||
| Q2 25 | 3.4% | 7.0% | ||
| Q1 25 | 8.0% | 9.0% | ||
| Q4 24 | 4.9% | -0.5% | ||
| Q3 24 | 9.2% | 6.9% | ||
| Q2 24 | 5.6% | 7.4% | ||
| Q1 24 | 9.4% | 6.2% |
| Q4 25 | $1.05 | $0.30 | ||
| Q3 25 | $1.85 | $1.73 | ||
| Q2 25 | $0.68 | $0.63 | ||
| Q1 25 | $1.85 | $0.77 | ||
| Q4 24 | $0.92 | $-0.05 | ||
| Q3 24 | $1.95 | $0.63 | ||
| Q2 24 | $1.01 | $0.67 | ||
| Q1 24 | $2.19 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $2.1B | $1.2B |
| Total Assets | $5.4B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $344.0M | ||
| Q3 25 | $300.9M | $282.5M | ||
| Q2 25 | $285.1M | $354.4M | ||
| Q1 25 | $288.9M | $335.2M | ||
| Q4 24 | $296.0M | $371.8M | ||
| Q3 24 | $324.6M | $386.0M | ||
| Q2 24 | $378.1M | $388.6M | ||
| Q1 24 | $347.9M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $1.9B | $953.1M | ||
| Q1 25 | $2.0B | $797.9M | ||
| Q4 24 | $2.0B | $624.5M | ||
| Q3 24 | $2.0B | $771.2M | ||
| Q2 24 | $1.9B | $650.1M | ||
| Q1 24 | $2.0B | $598.3M |
| Q4 25 | $5.4B | $7.0B | ||
| Q3 25 | $5.3B | $7.1B | ||
| Q2 25 | $5.2B | $7.2B | ||
| Q1 25 | $4.9B | $7.0B | ||
| Q4 24 | $5.1B | $7.0B | ||
| Q3 24 | $4.9B | $7.3B | ||
| Q2 24 | $4.9B | $7.3B | ||
| Q1 24 | $4.7B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $-13.6M | $257.7M |
| FCF MarginFCF / Revenue | -1.0% | 18.5% |
| Capex IntensityCapex / Revenue | 4.5% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.68× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $293.6M | ||
| Q3 25 | $78.6M | $165.9M | ||
| Q2 25 | $157.5M | $136.6M | ||
| Q1 25 | $140.2M | $31.9M | ||
| Q4 24 | $96.9M | $244.2M | ||
| Q3 24 | $91.3M | $170.5M | ||
| Q2 24 | $199.7M | $188.2M | ||
| Q1 24 | $234.7M | $125.1M |
| Q4 25 | $-13.6M | $257.7M | ||
| Q3 25 | $21.8M | $119.6M | ||
| Q2 25 | $106.6M | $93.2M | ||
| Q1 25 | $76.4M | $-12.0M | ||
| Q4 24 | $34.4M | $185.1M | ||
| Q3 24 | $50.1M | $115.2M | ||
| Q2 24 | $167.4M | $129.5M | ||
| Q1 24 | $178.9M | $78.0M |
| Q4 25 | -1.0% | 18.5% | ||
| Q3 25 | 1.4% | 8.9% | ||
| Q2 25 | 7.9% | 7.0% | ||
| Q1 25 | 4.6% | -0.9% | ||
| Q4 24 | 2.6% | 13.6% | ||
| Q3 24 | 3.2% | 8.6% | ||
| Q2 24 | 12.3% | 9.7% | ||
| Q1 24 | 10.0% | 5.9% |
| Q4 25 | 4.5% | 2.6% | ||
| Q3 25 | 3.5% | 3.4% | ||
| Q2 25 | 3.8% | 3.3% | ||
| Q1 25 | 3.8% | 3.5% | ||
| Q4 24 | 4.6% | 4.4% | ||
| Q3 24 | 2.7% | 4.1% | ||
| Q2 24 | 2.4% | 4.4% | ||
| Q1 24 | 3.1% | 3.6% |
| Q4 25 | 0.68× | 6.70× | ||
| Q3 25 | 0.63× | 0.65× | ||
| Q2 25 | 3.42× | 1.47× | ||
| Q1 25 | 1.05× | 0.28× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | 1.86× | ||
| Q2 24 | 2.61× | 1.91× | ||
| Q1 24 | 1.40× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
