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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and Zoetis (ZTS). Click either name above to swap in a different company.
Zoetis is the larger business by last-quarter revenue ($2.3B vs $1.4B, roughly 1.6× Academy Sports & Outdoors, Inc.). Zoetis runs the higher net margin — 26.6% vs 5.2%, a 21.4% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs 2.9%). Over the past eight quarters, Zoetis's revenue compounded faster (-2.1% 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.
Zoetis Inc. (/zō-EH-tis/) is an American drug company, the world's largest producer of medicine and vaccinations for pets and livestock. The company was a subsidiary of Pfizer, the world's largest drug maker, but with Pfizer's spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries. Operations outside the United States accounted for 50% of the total re...
ASO vs ZTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.3B |
| Net Profit | $71.6M | $601.0M |
| Gross Margin | 35.7% | 71.7% |
| Operating Margin | 7.3% | — |
| Net Margin | 5.2% | 26.6% |
| Revenue YoY | 3.0% | 2.9% |
| Net Profit YoY | 8.8% | -0.2% |
| EPS (diluted) | $1.05 | $1.42 |
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 | — | $2.3B | ||
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B |
| Q1 26 | — | $601.0M | ||
| Q4 25 | $71.6M | $603.0M | ||
| Q3 25 | $125.4M | $721.0M | ||
| Q2 25 | $46.1M | $718.0M | ||
| Q1 25 | $133.6M | $631.0M | ||
| Q4 24 | $65.8M | $581.0M | ||
| Q3 24 | $142.6M | $682.0M | ||
| Q2 24 | $76.5M | $624.0M |
| Q1 26 | — | 71.7% | ||
| Q4 25 | 35.7% | 70.2% | ||
| Q3 25 | 36.0% | 71.5% | ||
| Q2 25 | 34.0% | 73.6% | ||
| Q1 25 | 32.2% | 72.0% | ||
| Q4 24 | 34.0% | 69.5% | ||
| Q3 24 | 36.1% | 70.6% | ||
| Q2 24 | 33.4% | 71.7% |
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | 31.9% | ||
| Q3 25 | 10.8% | 37.0% | ||
| Q2 25 | 5.1% | 36.7% | ||
| Q1 25 | 9.2% | 36.5% | ||
| Q4 24 | 6.8% | 31.6% | ||
| Q3 24 | 12.3% | 36.6% | ||
| Q2 24 | 7.5% | 33.0% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | 5.2% | 25.3% | ||
| Q3 25 | 7.8% | 30.0% | ||
| Q2 25 | 3.4% | 29.2% | ||
| Q1 25 | 8.0% | 28.4% | ||
| Q4 24 | 4.9% | 25.1% | ||
| Q3 24 | 9.2% | 28.6% | ||
| Q2 24 | 5.6% | 26.4% |
| Q1 26 | — | $1.42 | ||
| Q4 25 | $1.05 | $1.37 | ||
| Q3 25 | $1.85 | $1.63 | ||
| Q2 25 | $0.68 | $1.61 | ||
| Q1 25 | $1.85 | $1.41 | ||
| Q4 24 | $0.92 | $1.29 | ||
| Q3 24 | $1.95 | $1.50 | ||
| Q2 24 | $1.01 | $1.37 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $5.4B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $289.5M | — | ||
| Q3 25 | $300.9M | $2.1B | ||
| Q2 25 | $285.1M | $1.4B | ||
| Q1 25 | $288.9M | $1.7B | ||
| Q4 24 | $296.0M | $2.0B | ||
| Q3 24 | $324.6M | $1.7B | ||
| Q2 24 | $378.1M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | $2.1B | $5.4B | ||
| Q2 25 | $1.9B | $5.0B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $2.0B | $4.8B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $1.9B | $5.0B |
| Q1 26 | — | — | ||
| Q4 25 | $5.4B | $15.5B | ||
| Q3 25 | $5.3B | $15.2B | ||
| Q2 25 | $5.2B | $14.5B | ||
| Q1 25 | $4.9B | $14.1B | ||
| Q4 24 | $5.1B | $14.2B | ||
| Q3 24 | $4.9B | $14.4B | ||
| Q2 24 | $4.9B | $14.2B |
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 | $893.0M | ||
| Q3 25 | $78.6M | $938.0M | ||
| Q2 25 | $157.5M | $486.0M | ||
| Q1 25 | $140.2M | $587.0M | ||
| Q4 24 | $96.9M | $905.0M | ||
| Q3 24 | $91.3M | $951.0M | ||
| Q2 24 | $199.7M | $502.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-13.6M | $732.0M | ||
| Q3 25 | $21.8M | $805.0M | ||
| Q2 25 | $106.6M | $308.0M | ||
| Q1 25 | $76.4M | $438.0M | ||
| Q4 24 | $34.4M | $689.0M | ||
| Q3 24 | $50.1M | $784.0M | ||
| Q2 24 | $167.4M | $370.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 30.7% | ||
| Q3 25 | 1.4% | 33.5% | ||
| Q2 25 | 7.9% | 12.5% | ||
| Q1 25 | 4.6% | 19.7% | ||
| Q4 24 | 2.6% | 29.7% | ||
| Q3 24 | 3.2% | 32.8% | ||
| Q2 24 | 12.3% | 15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 6.7% | ||
| Q3 25 | 3.5% | 5.5% | ||
| Q2 25 | 3.8% | 7.2% | ||
| Q1 25 | 3.8% | 6.7% | ||
| Q4 24 | 4.6% | 9.3% | ||
| Q3 24 | 2.7% | 7.0% | ||
| Q2 24 | 2.4% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.48× | ||
| Q3 25 | 0.63× | 1.30× | ||
| Q2 25 | 3.42× | 0.68× | ||
| Q1 25 | 1.05× | 0.93× | ||
| Q4 24 | 1.47× | 1.56× | ||
| Q3 24 | 0.64× | 1.39× | ||
| Q2 24 | 2.61× | 0.80× |
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% |
ZTS
| Companion Animal | $1.5B | 67% |
| Livestock | $720.0M | 32% |
| Contract Manufacturing & Human Health | $23.0M | 1% |
