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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and UPBOUND GROUP, INC. (UPBD). 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 1.2× UPBOUND GROUP, INC.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 1.7%, a 3.5% gap on every dollar of revenue. On growth, UPBOUND GROUP, INC. posted the faster year-over-year revenue change (10.9% vs 3.0%). UPBOUND GROUP, INC. produced more free cash flow last quarter ($24.0M vs $-13.6M). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
ASO vs UPBD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $71.6M | $19.7M |
| Gross Margin | 35.7% | 49.0% |
| Operating Margin | 7.3% | 4.8% |
| Net Margin | 5.2% | 1.7% |
| Revenue YoY | 3.0% | 10.9% |
| Net Profit YoY | 8.8% | -36.3% |
| EPS (diluted) | $1.05 | $0.35 |
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 | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.8B | $1.1B |
| Q4 25 | $71.6M | $19.7M | ||
| Q3 25 | $125.4M | $13.2M | ||
| Q2 25 | $46.1M | $15.5M | ||
| Q1 25 | $133.6M | $24.8M | ||
| Q4 24 | $65.8M | $31.0M | ||
| Q3 24 | $142.6M | $30.9M | ||
| Q2 24 | $76.5M | $33.9M | ||
| Q1 24 | $168.2M | $27.7M |
| Q4 25 | 35.7% | 49.0% | ||
| Q3 25 | 36.0% | 48.3% | ||
| Q2 25 | 34.0% | 49.4% | ||
| Q1 25 | 32.2% | 46.8% | ||
| Q4 24 | 34.0% | 47.1% | ||
| Q3 24 | 36.1% | 47.8% | ||
| Q2 24 | 33.4% | 49.4% | ||
| Q1 24 | 33.3% | 48.3% |
| Q4 25 | 7.3% | 4.8% | ||
| Q3 25 | 10.8% | 4.5% | ||
| Q2 25 | 5.1% | 4.4% | ||
| Q1 25 | 9.2% | 5.3% | ||
| Q4 24 | 6.8% | 7.3% | ||
| Q3 24 | 12.3% | 6.6% | ||
| Q2 24 | 7.5% | 7.5% | ||
| Q1 24 | 11.4% | 5.6% |
| Q4 25 | 5.2% | 1.7% | ||
| Q3 25 | 7.8% | 1.1% | ||
| Q2 25 | 3.4% | 1.3% | ||
| Q1 25 | 8.0% | 2.1% | ||
| Q4 24 | 4.9% | 2.9% | ||
| Q3 24 | 9.2% | 2.9% | ||
| Q2 24 | 5.6% | 3.2% | ||
| Q1 24 | 9.4% | 2.5% |
| Q4 25 | $1.05 | $0.35 | ||
| Q3 25 | $1.85 | $0.22 | ||
| Q2 25 | $0.68 | $0.26 | ||
| Q1 25 | $1.85 | $0.42 | ||
| Q4 24 | $0.92 | $0.55 | ||
| Q3 24 | $1.95 | $0.55 | ||
| Q2 24 | $1.01 | $0.61 | ||
| Q1 24 | $2.19 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $695.7M |
| Total Assets | $5.4B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $120.5M | ||
| Q3 25 | $300.9M | $107.0M | ||
| Q2 25 | $285.1M | $106.8M | ||
| Q1 25 | $288.9M | $107.3M | ||
| Q4 24 | $296.0M | $60.9M | ||
| Q3 24 | $324.6M | $85.1M | ||
| Q2 24 | $378.1M | $82.5M | ||
| Q1 24 | $347.9M | $84.8M |
| Q4 25 | $2.1B | $695.7M | ||
| Q3 25 | $2.1B | $687.3M | ||
| Q2 25 | $1.9B | $685.5M | ||
| Q1 25 | $2.0B | $679.2M | ||
| Q4 24 | $2.0B | $629.0M | ||
| Q3 24 | $2.0B | $611.8M | ||
| Q2 24 | $1.9B | $596.3M | ||
| Q1 24 | $2.0B | $578.3M |
| Q4 25 | $5.4B | $3.3B | ||
| Q3 25 | $5.3B | $3.2B | ||
| Q2 25 | $5.2B | $3.1B | ||
| Q1 25 | $4.9B | $3.0B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $4.9B | $2.6B | ||
| Q2 24 | $4.9B | $2.6B | ||
| Q1 24 | $4.7B | $2.6B |
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 | $41.6M |
| Free Cash FlowOCF − Capex | $-13.6M | $24.0M |
| FCF MarginFCF / Revenue | -1.0% | 2.0% |
| Capex IntensityCapex / Revenue | 4.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.68× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $41.6M | ||
| Q3 25 | $78.6M | $118.4M | ||
| Q2 25 | $157.5M | $7.8M | ||
| Q1 25 | $140.2M | $137.7M | ||
| Q4 24 | $96.9M | $-61.9M | ||
| Q3 24 | $91.3M | $106.2M | ||
| Q2 24 | $199.7M | $15.0M | ||
| Q1 24 | $234.7M | $45.4M |
| Q4 25 | $-13.6M | $24.0M | ||
| Q3 25 | $21.8M | $97.9M | ||
| Q2 25 | $106.6M | $-10.4M | ||
| Q1 25 | $76.4M | $127.2M | ||
| Q4 24 | $34.4M | $-74.0M | ||
| Q3 24 | $50.1M | $88.3M | ||
| Q2 24 | $167.4M | $613.0K | ||
| Q1 24 | $178.9M | $33.6M |
| Q4 25 | -1.0% | 2.0% | ||
| Q3 25 | 1.4% | 8.4% | ||
| Q2 25 | 7.9% | -0.9% | ||
| Q1 25 | 4.6% | 10.8% | ||
| Q4 24 | 2.6% | -6.9% | ||
| Q3 24 | 3.2% | 8.3% | ||
| Q2 24 | 12.3% | 0.1% | ||
| Q1 24 | 10.0% | 3.1% |
| Q4 25 | 4.5% | 1.5% | ||
| Q3 25 | 3.5% | 1.8% | ||
| Q2 25 | 3.8% | 1.6% | ||
| Q1 25 | 3.8% | 0.9% | ||
| Q4 24 | 4.6% | 1.1% | ||
| Q3 24 | 2.7% | 1.7% | ||
| Q2 24 | 2.4% | 1.3% | ||
| Q1 24 | 3.1% | 1.1% |
| Q4 25 | 0.68× | 2.11× | ||
| Q3 25 | 0.63× | 8.96× | ||
| Q2 25 | 3.42× | 0.50× | ||
| Q1 25 | 1.05× | 5.56× | ||
| Q4 24 | 1.47× | -2.00× | ||
| Q3 24 | 0.64× | 3.44× | ||
| Q2 24 | 2.61× | 0.44× | ||
| Q1 24 | 1.40× | 1.64× |
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% |
UPBD
Segment breakdown not available.
