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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and VALMONT INDUSTRIES INC (VMI). 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 $1.0B, roughly 1.3× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 10.5% vs 5.2%, a 5.3% gap on every dollar of revenue. On growth, VALMONT INDUSTRIES INC posted the faster year-over-year revenue change (6.2% vs 3.0%). Over the past eight quarters, VALMONT INDUSTRIES INC's revenue compounded faster (-0.5% 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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
ASO vs VMI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.0B |
| Net Profit | $71.6M | $108.0M |
| Gross Margin | 35.7% | 30.8% |
| Operating Margin | 7.3% | 15.1% |
| Net Margin | 5.2% | 10.5% |
| Revenue YoY | 3.0% | 6.2% |
| Net Profit YoY | 8.8% | 23.8% |
| EPS (diluted) | $1.05 | $5.51 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.7B | $969.3M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $71.6M | $168.0M | ||
| Q3 25 | $125.4M | $99.0M | ||
| Q2 25 | $46.1M | $-4.0M | ||
| Q1 25 | $133.6M | $87.3M | ||
| Q4 24 | $65.8M | $77.7M | ||
| Q3 24 | $142.6M | $83.1M | ||
| Q2 24 | $76.5M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 35.7% | 29.8% | ||
| Q3 25 | 36.0% | 30.4% | ||
| Q2 25 | 34.0% | 30.6% | ||
| Q1 25 | 32.2% | 30.0% | ||
| Q4 24 | 34.0% | 30.2% | ||
| Q3 24 | 36.1% | 29.6% | ||
| Q2 24 | 33.4% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 7.3% | 11.2% | ||
| Q3 25 | 10.8% | 13.5% | ||
| Q2 25 | 5.1% | 2.8% | ||
| Q1 25 | 9.2% | 13.2% | ||
| Q4 24 | 6.8% | 11.6% | ||
| Q3 24 | 12.3% | 12.3% | ||
| Q2 24 | 7.5% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 5.2% | 16.2% | ||
| Q3 25 | 7.8% | 9.5% | ||
| Q2 25 | 3.4% | -0.4% | ||
| Q1 25 | 8.0% | 9.0% | ||
| Q4 24 | 4.9% | 7.5% | ||
| Q3 24 | 9.2% | 8.1% | ||
| Q2 24 | 5.6% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $1.05 | $9.02 | ||
| Q3 25 | $1.85 | $4.98 | ||
| Q2 25 | $0.68 | $-1.53 | ||
| Q1 25 | $1.85 | $4.32 | ||
| Q4 24 | $0.92 | $3.85 | ||
| Q3 24 | $1.95 | $4.11 | ||
| Q2 24 | $1.01 | $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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $1.7B |
| Total Assets | $5.4B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $289.5M | $187.1M | ||
| Q3 25 | $300.9M | $226.1M | ||
| Q2 25 | $285.1M | $208.5M | ||
| Q1 25 | $288.9M | $184.4M | ||
| Q4 24 | $296.0M | $164.3M | ||
| Q3 24 | $324.6M | $200.5M | ||
| Q2 24 | $378.1M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.9B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.4B | $3.4B | ||
| Q3 25 | $5.3B | $3.4B | ||
| Q2 25 | $5.2B | $3.3B | ||
| Q1 25 | $4.9B | $3.4B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $4.9B | $3.5B | ||
| Q2 24 | $4.9B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $-13.6M | — |
| FCF MarginFCF / Revenue | -1.0% | — |
| Capex IntensityCapex / Revenue | 4.5% | — |
| Cash ConversionOCF / Net Profit | 0.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.0M | $111.2M | ||
| Q3 25 | $78.6M | $112.5M | ||
| Q2 25 | $157.5M | $167.6M | ||
| Q1 25 | $140.2M | $65.1M | ||
| Q4 24 | $96.9M | $193.4M | ||
| Q3 24 | $91.3M | $225.1M | ||
| Q2 24 | $199.7M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.6M | $70.4M | ||
| Q3 25 | $21.8M | $70.6M | ||
| Q2 25 | $106.6M | $135.6M | ||
| Q1 25 | $76.4M | $34.8M | ||
| Q4 24 | $34.4M | $167.8M | ||
| Q3 24 | $50.1M | $204.6M | ||
| Q2 24 | $167.4M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 6.8% | ||
| Q3 25 | 1.4% | 6.7% | ||
| Q2 25 | 7.9% | 12.9% | ||
| Q1 25 | 4.6% | 3.6% | ||
| Q4 24 | 2.6% | 16.2% | ||
| Q3 24 | 3.2% | 20.1% | ||
| Q2 24 | 12.3% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 3.9% | ||
| Q3 25 | 3.5% | 4.0% | ||
| Q2 25 | 3.8% | 3.0% | ||
| Q1 25 | 3.8% | 3.1% | ||
| Q4 24 | 4.6% | 2.5% | ||
| Q3 24 | 2.7% | 2.0% | ||
| Q2 24 | 2.4% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 0.66× | ||
| Q3 25 | 0.63× | 1.14× | ||
| Q2 25 | 3.42× | — | ||
| Q1 25 | 1.05× | 0.75× | ||
| Q4 24 | 1.47× | 2.49× | ||
| Q3 24 | 0.64× | 2.71× | ||
| Q2 24 | 2.61× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
