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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Snap-on (SNA). 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 $1.2B, roughly 1.1× Snap-on). Snap-on runs the higher net margin — 21.3% vs 5.2%, a 16.1% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs 2.7%). Snap-on produced more free cash flow last quarter ($254.6M vs $-13.6M). Over the past eight quarters, Snap-on's revenue compounded faster (2.0% 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.
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
ASO vs SNA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $71.6M | $260.7M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 27.8% |
| Net Margin | 5.2% | 21.3% |
| Revenue YoY | 3.0% | 2.7% |
| Net Profit YoY | 8.8% | 1.0% |
| EPS (diluted) | $1.05 | $4.94 |
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 | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
| Q4 25 | $71.6M | $260.7M | ||
| Q3 25 | $125.4M | $265.4M | ||
| Q2 25 | $46.1M | $250.3M | ||
| Q1 25 | $133.6M | $240.5M | ||
| Q4 24 | $65.8M | $258.1M | ||
| Q3 24 | $142.6M | $251.1M | ||
| Q2 24 | $76.5M | $271.2M | ||
| Q1 24 | $168.2M | $263.5M |
| 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% | 27.8% | ||
| Q3 25 | 10.8% | 29.4% | ||
| Q2 25 | 5.1% | 28.0% | ||
| Q1 25 | 9.2% | 27.7% | ||
| Q4 24 | 6.8% | 27.9% | ||
| Q3 24 | 12.3% | 28.4% | ||
| Q2 24 | 7.5% | 29.9% | ||
| Q1 24 | 11.4% | 28.9% |
| Q4 25 | 5.2% | 21.3% | ||
| Q3 25 | 7.8% | 22.5% | ||
| Q2 25 | 3.4% | 21.4% | ||
| Q1 25 | 8.0% | 21.2% | ||
| Q4 24 | 4.9% | 21.7% | ||
| Q3 24 | 9.2% | 22.0% | ||
| Q2 24 | 5.6% | 23.1% | ||
| Q1 24 | 9.4% | 22.4% |
| Q4 25 | $1.05 | $4.94 | ||
| Q3 25 | $1.85 | $5.02 | ||
| Q2 25 | $0.68 | $4.72 | ||
| Q1 25 | $1.85 | $4.51 | ||
| Q4 24 | $0.92 | $4.83 | ||
| Q3 24 | $1.95 | $4.70 | ||
| Q2 24 | $1.01 | $5.07 | ||
| Q1 24 | $2.19 | $4.91 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $5.4B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | $1.5B | ||
| Q2 25 | $285.1M | $1.5B | ||
| Q1 25 | $288.9M | $1.4B | ||
| Q4 24 | $296.0M | $1.4B | ||
| Q3 24 | $324.6M | $1.3B | ||
| Q2 24 | $378.1M | $1.2B | ||
| Q1 24 | $347.9M | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $1.9B | $5.7B | ||
| Q1 25 | $2.0B | $5.5B | ||
| Q4 24 | $2.0B | $5.4B | ||
| Q3 24 | $2.0B | $5.5B | ||
| Q2 24 | $1.9B | $5.3B | ||
| Q1 24 | $2.0B | $5.1B |
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.3B | $8.4B | ||
| Q2 25 | $5.2B | $8.2B | ||
| Q1 25 | $4.9B | $8.1B | ||
| Q4 24 | $5.1B | $7.9B | ||
| Q3 24 | $4.9B | $8.0B | ||
| Q2 24 | $4.9B | $7.8B | ||
| Q1 24 | $4.7B | $7.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| 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 | $268.1M |
| Free Cash FlowOCF − Capex | $-13.6M | $254.6M |
| FCF MarginFCF / Revenue | -1.0% | 20.8% |
| Capex IntensityCapex / Revenue | 4.5% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.68× | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $268.1M | ||
| Q3 25 | $78.6M | $277.9M | ||
| Q2 25 | $157.5M | $237.2M | ||
| Q1 25 | $140.2M | $298.5M | ||
| Q4 24 | $96.9M | $293.5M | ||
| Q3 24 | $91.3M | $274.2M | ||
| Q2 24 | $199.7M | $301.1M | ||
| Q1 24 | $234.7M | $348.7M |
| Q4 25 | $-13.6M | $254.6M | ||
| Q3 25 | $21.8M | $258.0M | ||
| Q2 25 | $106.6M | $217.5M | ||
| Q1 25 | $76.4M | $275.6M | ||
| Q4 24 | $34.4M | $275.4M | ||
| Q3 24 | $50.1M | $253.8M | ||
| Q2 24 | $167.4M | $277.9M | ||
| Q1 24 | $178.9M | $326.9M |
| Q4 25 | -1.0% | 20.8% | ||
| Q3 25 | 1.4% | 21.8% | ||
| Q2 25 | 7.9% | 18.6% | ||
| Q1 25 | 4.6% | 24.3% | ||
| Q4 24 | 2.6% | 23.1% | ||
| Q3 24 | 3.2% | 22.3% | ||
| Q2 24 | 12.3% | 23.7% | ||
| Q1 24 | 10.0% | 27.8% |
| Q4 25 | 4.5% | 1.1% | ||
| Q3 25 | 3.5% | 1.7% | ||
| Q2 25 | 3.8% | 1.7% | ||
| Q1 25 | 3.8% | 2.0% | ||
| Q4 24 | 4.6% | 1.5% | ||
| Q3 24 | 2.7% | 1.8% | ||
| Q2 24 | 2.4% | 2.0% | ||
| Q1 24 | 3.1% | 1.9% |
| Q4 25 | 0.68× | 1.03× | ||
| Q3 25 | 0.63× | 1.05× | ||
| Q2 25 | 3.42× | 0.95× | ||
| Q1 25 | 1.05× | 1.24× | ||
| Q4 24 | 1.47× | 1.14× | ||
| Q3 24 | 0.64× | 1.09× | ||
| Q2 24 | 2.61× | 1.11× | ||
| Q1 24 | 1.40× | 1.32× |
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% |
SNA
Segment breakdown not available.
