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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.8× Academy Sports & Outdoors, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 5.2%, a 5.2% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 3.0%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $-13.6M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% 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.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
ASO vs WDAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.4B |
| Net Profit | $71.6M | $252.0M |
| Gross Margin | 35.7% | — |
| Operating Margin | 7.3% | 10.6% |
| Net Margin | 5.2% | 10.4% |
| Revenue YoY | 3.0% | 12.6% |
| Net Profit YoY | 8.8% | 30.6% |
| EPS (diluted) | $1.05 | $0.94 |
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 | $2.4B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.8B | $1.9B |
| Q4 25 | $71.6M | $252.0M | ||
| Q3 25 | $125.4M | $228.0M | ||
| Q2 25 | $46.1M | $68.0M | ||
| Q1 25 | $133.6M | $94.0M | ||
| Q4 24 | $65.8M | $193.0M | ||
| Q3 24 | $142.6M | $132.0M | ||
| Q2 24 | $76.5M | $107.0M | ||
| Q1 24 | $168.2M | $1.2B |
| 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% | 10.6% | ||
| Q3 25 | 10.8% | 10.6% | ||
| Q2 25 | 5.1% | 1.7% | ||
| Q1 25 | 9.2% | 3.4% | ||
| Q4 24 | 6.8% | 7.6% | ||
| Q3 24 | 12.3% | 5.3% | ||
| Q2 24 | 7.5% | 3.2% | ||
| Q1 24 | 11.4% | 4.1% |
| Q4 25 | 5.2% | 10.4% | ||
| Q3 25 | 7.8% | 9.7% | ||
| Q2 25 | 3.4% | 3.0% | ||
| Q1 25 | 8.0% | 4.3% | ||
| Q4 24 | 4.9% | 8.9% | ||
| Q3 24 | 9.2% | 6.3% | ||
| Q2 24 | 5.6% | 5.4% | ||
| Q1 24 | 9.4% | 61.8% |
| Q4 25 | $1.05 | $0.94 | ||
| Q3 25 | $1.85 | $0.84 | ||
| Q2 25 | $0.68 | $0.25 | ||
| Q1 25 | $1.85 | $0.34 | ||
| Q4 24 | $0.92 | $0.72 | ||
| Q3 24 | $1.95 | $0.49 | ||
| Q2 24 | $1.01 | $0.40 | ||
| Q1 24 | $2.19 | $4.48 |
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 | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $8.9B |
| Total Assets | $5.4B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $6.8B | ||
| Q3 25 | $300.9M | $8.2B | ||
| Q2 25 | $285.1M | $8.0B | ||
| Q1 25 | $288.9M | $8.0B | ||
| Q4 24 | $296.0M | $7.2B | ||
| Q3 24 | $324.6M | $7.4B | ||
| Q2 24 | $378.1M | $7.2B | ||
| Q1 24 | $347.9M | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $2.1B | $8.9B | ||
| Q3 25 | $2.1B | $9.2B | ||
| Q2 25 | $1.9B | $8.9B | ||
| Q1 25 | $2.0B | $9.0B | ||
| Q4 24 | $2.0B | $8.6B | ||
| Q3 24 | $2.0B | $8.3B | ||
| Q2 24 | $1.9B | $8.2B | ||
| Q1 24 | $2.0B | $8.1B |
| Q4 25 | $5.4B | $17.8B | ||
| Q3 25 | $5.3B | $18.0B | ||
| Q2 25 | $5.2B | $17.2B | ||
| Q1 25 | $4.9B | $18.0B | ||
| Q4 24 | $5.1B | $16.4B | ||
| Q3 24 | $4.9B | $16.2B | ||
| Q2 24 | $4.9B | $15.9B | ||
| Q1 24 | $4.7B | $16.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $588.0M |
| Free Cash FlowOCF − Capex | $-13.6M | $550.0M |
| FCF MarginFCF / Revenue | -1.0% | 22.6% |
| Capex IntensityCapex / Revenue | 4.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.68× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $588.0M | ||
| Q3 25 | $78.6M | $616.0M | ||
| Q2 25 | $157.5M | $457.0M | ||
| Q1 25 | $140.2M | $1.1B | ||
| Q4 24 | $96.9M | $406.0M | ||
| Q3 24 | $91.3M | $571.0M | ||
| Q2 24 | $199.7M | $372.0M | ||
| Q1 24 | $234.7M | $995.6M |
| Q4 25 | $-13.6M | $550.0M | ||
| Q3 25 | $21.8M | $588.0M | ||
| Q2 25 | $106.6M | $421.0M | ||
| Q1 25 | $76.4M | $1.0B | ||
| Q4 24 | $34.4M | $359.0M | ||
| Q3 24 | $50.1M | $516.0M | ||
| Q2 24 | $167.4M | $291.0M | ||
| Q1 24 | $178.9M | $947.6M |
| Q4 25 | -1.0% | 22.6% | ||
| Q3 25 | 1.4% | 25.0% | ||
| Q2 25 | 7.9% | 18.8% | ||
| Q1 25 | 4.6% | 46.4% | ||
| Q4 24 | 2.6% | 16.6% | ||
| Q3 24 | 3.2% | 24.7% | ||
| Q2 24 | 12.3% | 14.6% | ||
| Q1 24 | 10.0% | 49.3% |
| Q4 25 | 4.5% | 1.6% | ||
| Q3 25 | 3.5% | 1.2% | ||
| Q2 25 | 3.8% | 1.6% | ||
| Q1 25 | 3.8% | 3.9% | ||
| Q4 24 | 4.6% | 2.2% | ||
| Q3 24 | 2.7% | 2.6% | ||
| Q2 24 | 2.4% | 4.1% | ||
| Q1 24 | 3.1% | 2.5% |
| Q4 25 | 0.68× | 2.33× | ||
| Q3 25 | 0.63× | 2.70× | ||
| Q2 25 | 3.42× | 6.72× | ||
| Q1 25 | 1.05× | 11.83× | ||
| Q4 24 | 1.47× | 2.10× | ||
| Q3 24 | 0.64× | 4.33× | ||
| Q2 24 | 2.61× | 3.48× | ||
| Q1 24 | 1.40× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
