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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× Academy Sports & Outdoors, Inc.). UGI CORP runs the higher net margin — 14.4% vs 5.2%, a 9.2% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs 3.0%). Academy Sports & Outdoors, Inc. produced more free cash flow last quarter ($-13.6M vs $-155.0M). Over the past eight quarters, UGI CORP's revenue compounded faster (-7.5% 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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
ASO vs UGI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.1B |
| Net Profit | $71.6M | $297.0M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 22.0% |
| Net Margin | 5.2% | 14.4% |
| Revenue YoY | 3.0% | 3.9% |
| Net Profit YoY | 8.8% | -20.8% |
| EPS (diluted) | $1.05 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.8B | $2.4B |
| Q4 25 | $71.6M | $297.0M | ||
| Q3 25 | $125.4M | $-13.0M | ||
| Q2 25 | $46.1M | $-163.0M | ||
| Q1 25 | $133.6M | $479.0M | ||
| Q4 24 | $65.8M | $375.0M | ||
| Q3 24 | $142.6M | $-273.0M | ||
| Q2 24 | $76.5M | $-48.0M | ||
| Q1 24 | $168.2M | $496.0M |
| 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% | 22.0% | ||
| Q3 25 | 10.8% | 1.1% | ||
| Q2 25 | 5.1% | -6.8% | ||
| Q1 25 | 9.2% | 26.6% | ||
| Q4 24 | 6.8% | 24.5% | ||
| Q3 24 | 12.3% | -20.4% | ||
| Q2 24 | 7.5% | 5.0% | ||
| Q1 24 | 11.4% | 29.7% |
| Q4 25 | 5.2% | 14.4% | ||
| Q3 25 | 7.8% | -1.1% | ||
| Q2 25 | 3.4% | -12.0% | ||
| Q1 25 | 8.0% | 18.2% | ||
| Q4 24 | 4.9% | 18.9% | ||
| Q3 24 | 9.2% | -22.6% | ||
| Q2 24 | 5.6% | -3.6% | ||
| Q1 24 | 9.4% | 20.6% |
| Q4 25 | $1.05 | $1.34 | ||
| Q3 25 | $1.85 | $-0.08 | ||
| Q2 25 | $0.68 | $-0.76 | ||
| Q1 25 | $1.85 | $2.19 | ||
| Q4 24 | $0.92 | $1.74 | ||
| Q3 24 | $1.95 | $-1.26 | ||
| Q2 24 | $1.01 | $-0.23 | ||
| Q1 24 | $2.19 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | — | $6.0B |
| Stockholders' EquityBook value | $2.1B | $5.0B |
| Total Assets | $5.4B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $251.0M | ||
| Q3 25 | $300.9M | $335.0M | ||
| Q2 25 | $285.1M | $350.0M | ||
| Q1 25 | $288.9M | $426.0M | ||
| Q4 24 | $296.0M | $240.0M | ||
| Q3 24 | $324.6M | $213.0M | ||
| Q2 24 | $378.1M | $183.0M | ||
| Q1 24 | $347.9M | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $2.1B | $5.0B | ||
| Q3 25 | $2.1B | $4.8B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $2.0B | $5.0B | ||
| Q4 24 | $2.0B | $4.6B | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $1.9B | $4.7B | ||
| Q1 24 | $2.0B | $4.8B |
| Q4 25 | $5.4B | $15.8B | ||
| Q3 25 | $5.3B | $15.5B | ||
| Q2 25 | $5.2B | $15.4B | ||
| Q1 25 | $4.9B | $15.7B | ||
| Q4 24 | $5.1B | $15.4B | ||
| Q3 24 | $4.9B | $15.1B | ||
| Q2 24 | $4.9B | $15.1B | ||
| Q1 24 | $4.7B | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $-155.0M |
| FCF MarginFCF / Revenue | -1.0% | -7.5% |
| Capex IntensityCapex / Revenue | 4.5% | 10.7% |
| Cash ConversionOCF / Net Profit | 0.68× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $66.0M | ||
| Q3 25 | $78.6M | $90.0M | ||
| Q2 25 | $157.5M | $289.0M | ||
| Q1 25 | $140.2M | $684.0M | ||
| Q4 24 | $96.9M | $164.0M | ||
| Q3 24 | $91.3M | $151.0M | ||
| Q2 24 | $199.7M | $390.0M | ||
| Q1 24 | $234.7M | $522.0M |
| Q4 25 | $-13.6M | $-155.0M | ||
| Q3 25 | $21.8M | $-168.0M | ||
| Q2 25 | $106.6M | $67.0M | ||
| Q1 25 | $76.4M | $538.0M | ||
| Q4 24 | $34.4M | $-47.0M | ||
| Q3 24 | $50.1M | $-115.0M | ||
| Q2 24 | $167.4M | $185.0M | ||
| Q1 24 | $178.9M | $353.0M |
| Q4 25 | -1.0% | -7.5% | ||
| Q3 25 | 1.4% | -14.4% | ||
| Q2 25 | 7.9% | 4.9% | ||
| Q1 25 | 4.6% | 20.4% | ||
| Q4 24 | 2.6% | -2.4% | ||
| Q3 24 | 3.2% | -9.5% | ||
| Q2 24 | 12.3% | 13.7% | ||
| Q1 24 | 10.0% | 14.6% |
| Q4 25 | 4.5% | 10.7% | ||
| Q3 25 | 3.5% | 22.1% | ||
| Q2 25 | 3.8% | 16.3% | ||
| Q1 25 | 3.8% | 5.5% | ||
| Q4 24 | 4.6% | 10.6% | ||
| Q3 24 | 2.7% | 22.0% | ||
| Q2 24 | 2.4% | 15.2% | ||
| Q1 24 | 3.1% | 7.0% |
| Q4 25 | 0.68× | 0.22× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | 1.43× | ||
| Q4 24 | 1.47× | 0.44× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — | ||
| Q1 24 | 1.40× | 1.05× |
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% |
UGI
Segment breakdown not available.
