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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and WEBSTER FINANCIAL CORP (WBS). 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 $735.9M, roughly 1.9× WEBSTER FINANCIAL CORP). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs 5.2%, a 28.3% gap on every dollar of revenue. Over the past eight quarters, WEBSTER FINANCIAL CORP's revenue compounded faster (9.4% 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.

Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.

ASO vs WBS — Head-to-Head

Bigger by revenue
ASO
ASO
1.9× larger
ASO
$1.4B
$735.9M
WBS
Higher net margin
WBS
WBS
28.3% more per $
WBS
33.5%
5.2%
ASO
Faster 2-yr revenue CAGR
WBS
WBS
Annualised
WBS
9.4%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ASO
ASO
WBS
WBS
Revenue
$1.4B
$735.9M
Net Profit
$71.6M
$246.2M
Gross Margin
35.7%
Operating Margin
7.3%
Net Margin
5.2%
33.5%
Revenue YoY
3.0%
Net Profit YoY
8.8%
8.5%
EPS (diluted)
$1.05
$1.50

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
WBS
WBS
Q1 26
$735.9M
Q4 25
$1.4B
$746.2M
Q3 25
$1.6B
$732.6M
Q2 25
$1.4B
$715.8M
Q1 25
$1.7B
$704.8M
Q4 24
$1.3B
$661.0M
Q3 24
$1.5B
$647.6M
Q2 24
$1.4B
$614.6M
Net Profit
ASO
ASO
WBS
WBS
Q1 26
$246.2M
Q4 25
$71.6M
$255.8M
Q3 25
$125.4M
$261.2M
Q2 25
$46.1M
$258.8M
Q1 25
$133.6M
$226.9M
Q4 24
$65.8M
$177.8M
Q3 24
$142.6M
$193.0M
Q2 24
$76.5M
$181.6M
Gross Margin
ASO
ASO
WBS
WBS
Q1 26
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%
Operating Margin
ASO
ASO
WBS
WBS
Q1 26
Q4 25
7.3%
48.6%
Q3 25
10.8%
51.3%
Q2 25
5.1%
51.7%
Q1 25
9.2%
51.2%
Q4 24
6.8%
48.5%
Q3 24
12.3%
46.1%
Q2 24
7.5%
47.0%
Net Margin
ASO
ASO
WBS
WBS
Q1 26
33.5%
Q4 25
5.2%
34.3%
Q3 25
7.8%
35.7%
Q2 25
3.4%
36.2%
Q1 25
8.0%
32.2%
Q4 24
4.9%
26.9%
Q3 24
9.2%
29.8%
Q2 24
5.6%
29.6%
EPS (diluted)
ASO
ASO
WBS
WBS
Q1 26
$1.50
Q4 25
$1.05
$1.54
Q3 25
$1.85
$1.54
Q2 25
$0.68
$1.52
Q1 25
$1.85
$1.30
Q4 24
$0.92
$1.01
Q3 24
$1.95
$1.10
Q2 24
$1.01
$1.03

Balance Sheet & Financial Strength

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

Metric
ASO
ASO
WBS
WBS
Cash + ST InvestmentsLiquidity on hand
$289.5M
Total DebtLower is stronger
$738.3M
Stockholders' EquityBook value
$2.1B
$9.6B
Total Assets
$5.4B
$85.6B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
WBS
WBS
Q1 26
Q4 25
$289.5M
Q3 25
$300.9M
Q2 25
$285.1M
Q1 25
$288.9M
Q4 24
$296.0M
Q3 24
$324.6M
Q2 24
$378.1M
Total Debt
ASO
ASO
WBS
WBS
Q1 26
$738.3M
Q4 25
$739.5M
Q3 25
$1.2B
Q2 25
$905.6M
Q1 25
$907.4M
Q4 24
$909.2M
Q3 24
$911.0M
Q2 24
$912.7M
Stockholders' Equity
ASO
ASO
WBS
WBS
Q1 26
$9.6B
Q4 25
$2.1B
$9.5B
Q3 25
$2.1B
$9.5B
Q2 25
$1.9B
$9.3B
Q1 25
$2.0B
$9.2B
Q4 24
$2.0B
$9.1B
Q3 24
$2.0B
$9.2B
Q2 24
$1.9B
$8.8B
Total Assets
ASO
ASO
WBS
WBS
Q1 26
$85.6B
Q4 25
$5.4B
$84.1B
Q3 25
$5.3B
$83.2B
Q2 25
$5.2B
$81.9B
Q1 25
$4.9B
$80.3B
Q4 24
$5.1B
$79.0B
Q3 24
$4.9B
$79.5B
Q2 24
$4.9B
$76.8B
Debt / Equity
ASO
ASO
WBS
WBS
Q1 26
0.08×
Q4 25
0.08×
Q3 25
0.13×
Q2 25
0.10×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
Q2 24
0.10×

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
WBS
WBS
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.

Operating Cash Flow
ASO
ASO
WBS
WBS
Q1 26
Q4 25
$49.0M
$1.1B
Q3 25
$78.6M
$374.7M
Q2 25
$157.5M
$270.9M
Q1 25
$140.2M
$94.9M
Q4 24
$96.9M
$1.4B
Q3 24
$91.3M
$45.3M
Q2 24
$199.7M
$224.0M
Free Cash Flow
ASO
ASO
WBS
WBS
Q1 26
Q4 25
$-13.6M
$1.0B
Q3 25
$21.8M
$362.5M
Q2 25
$106.6M
$257.7M
Q1 25
$76.4M
$86.6M
Q4 24
$34.4M
$1.4B
Q3 24
$50.1M
$35.3M
Q2 24
$167.4M
$215.6M
FCF Margin
ASO
ASO
WBS
WBS
Q1 26
Q4 25
-1.0%
135.2%
Q3 25
1.4%
49.5%
Q2 25
7.9%
36.0%
Q1 25
4.6%
12.3%
Q4 24
2.6%
207.0%
Q3 24
3.2%
5.4%
Q2 24
12.3%
35.1%
Capex Intensity
ASO
ASO
WBS
WBS
Q1 26
Q4 25
4.5%
6.6%
Q3 25
3.5%
1.7%
Q2 25
3.8%
1.8%
Q1 25
3.8%
1.2%
Q4 24
4.6%
5.4%
Q3 24
2.7%
1.5%
Q2 24
2.4%
1.4%
Cash Conversion
ASO
ASO
WBS
WBS
Q1 26
Q4 25
0.68×
4.14×
Q3 25
0.63×
1.43×
Q2 25
3.42×
1.05×
Q1 25
1.05×
0.42×
Q4 24
1.47×
7.90×
Q3 24
0.64×
0.23×
Q2 24
2.61×
1.23×

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%

WBS
WBS

Net Interest Income$634.4M86%
Noninterest Income$101.5M14%

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