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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Talen Energy Corp (TLN). 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 $758.0M, roughly 1.8× Talen Energy Corp). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs -47.9%, a 53.1% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs 3.0%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $-13.6M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% 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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

ASO vs TLN — Head-to-Head

Bigger by revenue
ASO
ASO
1.8× larger
ASO
$1.4B
$758.0M
TLN
Growing faster (revenue YoY)
TLN
TLN
+111.7% gap
TLN
114.7%
3.0%
ASO
Higher net margin
ASO
ASO
53.1% more per $
ASO
5.2%
-47.9%
TLN
More free cash flow
TLN
TLN
$267.6M more FCF
TLN
$254.0M
$-13.6M
ASO
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ASO
ASO
TLN
TLN
Revenue
$1.4B
$758.0M
Net Profit
$71.6M
$-363.0M
Gross Margin
35.7%
Operating Margin
7.3%
-41.3%
Net Margin
5.2%
-47.9%
Revenue YoY
3.0%
114.7%
Net Profit YoY
8.8%
-542.7%
EPS (diluted)
$1.05
$-7.60

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.

Revenue
ASO
ASO
TLN
TLN
Q4 25
$1.4B
$758.0M
Q3 25
$1.6B
$697.0M
Q2 25
$1.4B
$409.0M
Q1 25
$1.7B
$654.0M
Q4 24
$1.3B
$353.0M
Q3 24
$1.5B
$459.0M
Q2 24
$1.4B
$346.0M
Q1 24
$1.8B
$416.0M
Net Profit
ASO
ASO
TLN
TLN
Q4 25
$71.6M
$-363.0M
Q3 25
$125.4M
$207.0M
Q2 25
$46.1M
$72.0M
Q1 25
$133.6M
$-135.0M
Q4 24
$65.8M
$82.0M
Q3 24
$142.6M
$168.0M
Q2 24
$76.5M
$454.0M
Q1 24
$168.2M
$294.0M
Gross Margin
ASO
ASO
TLN
TLN
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%
Operating Margin
ASO
ASO
TLN
TLN
Q4 25
7.3%
-41.3%
Q3 25
10.8%
37.7%
Q2 25
5.1%
16.1%
Q1 25
9.2%
-16.2%
Q4 24
6.8%
4.5%
Q3 24
12.3%
34.4%
Q2 24
7.5%
7.8%
Q1 24
11.4%
6.0%
Net Margin
ASO
ASO
TLN
TLN
Q4 25
5.2%
-47.9%
Q3 25
7.8%
29.7%
Q2 25
3.4%
17.6%
Q1 25
8.0%
-20.6%
Q4 24
4.9%
23.2%
Q3 24
9.2%
36.6%
Q2 24
5.6%
131.2%
Q1 24
9.4%
70.7%
EPS (diluted)
ASO
ASO
TLN
TLN
Q4 25
$1.05
$-7.60
Q3 25
$1.85
$4.25
Q2 25
$0.68
$1.50
Q1 25
$1.85
$-2.94
Q4 24
$0.92
$2.07
Q3 24
$1.95
$3.16
Q2 24
$1.01
$7.60
Q1 24
$2.19
$4.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASO
ASO
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$289.5M
$689.0M
Total DebtLower is stronger
$6.8B
Stockholders' EquityBook value
$2.1B
$1.1B
Total Assets
$5.4B
$10.9B
Debt / EquityLower = less leverage
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
TLN
TLN
Q4 25
$289.5M
$689.0M
Q3 25
$300.9M
$497.0M
Q2 25
$285.1M
$122.0M
Q1 25
$288.9M
$295.0M
Q4 24
$296.0M
$328.0M
Q3 24
$324.6M
$648.0M
Q2 24
$378.1M
$632.0M
Q1 24
$347.9M
Total Debt
ASO
ASO
TLN
TLN
Q4 25
$6.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
Stockholders' Equity
ASO
ASO
TLN
TLN
Q4 25
$2.1B
$1.1B
Q3 25
$2.1B
$1.5B
Q2 25
$1.9B
$1.2B
Q1 25
$2.0B
$1.2B
Q4 24
$2.0B
$1.4B
Q3 24
$2.0B
$2.4B
Q2 24
$1.9B
$2.5B
Q1 24
$2.0B
$2.8B
Total Assets
ASO
ASO
TLN
TLN
Q4 25
$5.4B
$10.9B
Q3 25
$5.3B
$6.1B
Q2 25
$5.2B
$5.8B
Q1 25
$4.9B
$5.9B
Q4 24
$5.1B
$6.1B
Q3 24
$4.9B
$6.8B
Q2 24
$4.9B
$7.1B
Q1 24
$4.7B
Debt / Equity
ASO
ASO
TLN
TLN
Q4 25
6.23×
Q3 25
2.03×
Q2 25
2.40×
Q1 25
2.54×
Q4 24
2.17×
Q3 24
1.10×
Q2 24
1.05×
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
ASO
ASO
TLN
TLN
Operating Cash FlowLast quarter
$49.0M
$280.0M
Free Cash FlowOCF − Capex
$-13.6M
$254.0M
FCF MarginFCF / Revenue
-1.0%
33.5%
Capex IntensityCapex / Revenue
4.5%
3.4%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$191.4M
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASO
ASO
TLN
TLN
Q4 25
$49.0M
$280.0M
Q3 25
$78.6M
$489.0M
Q2 25
$157.5M
$-184.0M
Q1 25
$140.2M
$119.0M
Q4 24
$96.9M
Q3 24
$91.3M
$96.0M
Q2 24
$199.7M
$-23.0M
Q1 24
$234.7M
$173.0M
Free Cash Flow
ASO
ASO
TLN
TLN
Q4 25
$-13.6M
$254.0M
Q3 25
$21.8M
$468.0M
Q2 25
$106.6M
$-217.0M
Q1 25
$76.4M
$101.0M
Q4 24
$34.4M
Q3 24
$50.1M
$83.0M
Q2 24
$167.4M
$-43.0M
Q1 24
$178.9M
$148.0M
FCF Margin
ASO
ASO
TLN
TLN
Q4 25
-1.0%
33.5%
Q3 25
1.4%
67.1%
Q2 25
7.9%
-53.1%
Q1 25
4.6%
15.4%
Q4 24
2.6%
Q3 24
3.2%
18.1%
Q2 24
12.3%
-12.4%
Q1 24
10.0%
35.6%
Capex Intensity
ASO
ASO
TLN
TLN
Q4 25
4.5%
3.4%
Q3 25
3.5%
3.0%
Q2 25
3.8%
8.1%
Q1 25
3.8%
2.8%
Q4 24
4.6%
Q3 24
2.7%
2.8%
Q2 24
2.4%
5.8%
Q1 24
3.1%
6.0%
Cash Conversion
ASO
ASO
TLN
TLN
Q4 25
0.68×
Q3 25
0.63×
2.36×
Q2 25
3.42×
-2.56×
Q1 25
1.05×
Q4 24
1.47×
Q3 24
0.64×
0.57×
Q2 24
2.61×
-0.05×
Q1 24
1.40×
0.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASO
ASO

Outdoors$445.1M32%
Apparel$349.8M25%
Footwear$292.4M21%
Sports And Recreation$288.7M21%
Other$7.6M1%

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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