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Academy Sports & Outdoors, Inc. (ASO) Stock Fundamental Analysis & AI Rating 2026

ASO Nasdaq Retail-Miscellaneous Shopping Goods Stores DE CIK: 0001817358
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2026-01-31
Combined AI Rating
HOLD
70% Confidence
STRONG AGREEMENT
HOLD
62% Conf
HOLD
78% Conf

📊 ASO Key Takeaways

Revenue: $6.1B
Net Margin: 6.2%
Free Cash Flow: $222.1M
Current Ratio: 1.89x
Debt/Equity: 0.22x
EPS: $5.54
AI Rating: HOLD with 62% confidence
Academy Sports & Outdoors, Inc. (ASO) receives a HOLD rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $6.1B, net profit margin of 6.2%, and return on equity (ROE) of 17.4%, Academy Sports & Outdoors, Inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete ASO stock analysis for 2026.

Is Academy Sports & Outdoors, Inc. (ASO) a Good Investment?

Claude

Academy Sports exhibits solid operational execution with strong revenue growth, healthy profitability margins, and positive free cash flow generation. However, the extraordinary 16815.7% revenue growth suggests a data anomaly or significant one-time event requiring clarification, and modest net income decline combined with thin 6.2% net margins present concerns about earnings sustainability.

ChatGPT

Academy Sports & Outdoors shows solid core fundamentals with healthy profitability, positive free cash flow, and a conservative balance sheet supported by low leverage and adequate liquidity. However, earnings are declining modestly, free cash flow conversion is not especially strong for a retailer, and the extreme reported revenue growth figure appears low-quality or distorted, which reduces confidence in the growth profile.

Why Buy Academy Sports & Outdoors, Inc. Stock? ASO Key Strengths

Claude
  • + Strong free cash flow generation of $222.1M with 3.7% FCF margin demonstrates operational efficiency
  • + Solid profitability with 8.5% operating margin and 6.2% net margin in retail sector
  • + Healthy balance sheet with conservative 0.22x debt-to-equity ratio and $330.3M cash position
  • + Acceptable liquidity with 1.89x current ratio supporting operational needs
  • + Positive ROE of 17.4% and ROA of 7.1% indicate effective capital utilization
ChatGPT
  • + Solid profitability with 34.8% gross margin, 8.5% operating margin, and 6.2% net margin
  • + Healthy balance sheet with low debt-to-equity of 0.22x and meaningful cash reserves of $330.32M
  • + Positive operating cash flow and free cash flow, with strong returns on equity and assets

ASO Stock Risks: Academy Sports & Outdoors, Inc. Investment Risks

Claude
  • ! Exceptional 16815.7% revenue growth appears anomalous and likely represents restatement, acquisition, or accounting adjustment rather than organic growth, creating uncertainty around normalized performance
  • ! Net income declined 10% year-over-year despite massive revenue increase, suggesting margin compression and operational challenges
  • ! Thin 6.2% net margin leaves minimal buffer for operational disruptions in competitive retail environment
  • ! Quick ratio of 0.44x indicates potential working capital constraints and inventory-heavy asset base typical of retail sector
  • ! Long-term debt of $480.8M and missing interest coverage data obscure debt service capacity
ChatGPT
  • ! Net income and diluted EPS are declining year over year, indicating softer earnings momentum
  • ! Low quick ratio of 0.44x suggests heavy dependence on inventory turnover for near-term liquidity
  • ! Reported revenue growth appears distorted, making growth quality and trend interpretation less reliable

Key Metrics to Watch

Claude
  • * Normalized revenue growth rate excluding apparent one-time adjustment to understand true organic performance
  • * Trend in gross and net margins to assess pricing power and cost control
  • * Free cash flow sustainability and capital allocation priorities
  • * Debt service coverage ratio and interest expense trends
  • * Inventory turnover and working capital management
ChatGPT
  • * Comparable sales or normalized revenue growth
  • * Free cash flow generation and operating margin trend

Academy Sports & Outdoors, Inc. (ASO) Financial Metrics & Key Ratios

Revenue
$6.1B
Net Income
$376.8M
EPS (Diluted)
$5.54
Free Cash Flow
$222.1M
Total Assets
$5.3B
Cash Position
$330.3M

💡 AI Analyst Insight

The relatively thin 3.7% FCF margin may limit capital allocation flexibility.

ASO Profit Margin, ROE & Profitability Analysis

Gross Margin 34.8%
Operating Margin 8.5%
Net Margin 6.2%
ROE 17.4%
ROA 7.1%
FCF Margin 3.7%

ASO vs Consumer Sector: How Academy Sports & Outdoors, Inc. Compares

How Academy Sports & Outdoors, Inc. compares to Consumer sector averages

Net Margin
ASO 6.2%
vs
Sector Avg 8.0%
ASO Sector
ROE
ASO 17.4%
vs
Sector Avg 18.0%
ASO Sector
Current Ratio
ASO 1.9x
vs
Sector Avg 1.5x
ASO Sector
Debt/Equity
ASO 0.2x
vs
Sector Avg 0.8x
ASO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Academy Sports & Outdoors, Inc. Stock Overvalued? ASO Valuation Analysis 2026

Based on fundamental analysis, Academy Sports & Outdoors, Inc. has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
17.4%
Sector avg: 18%
Net Profit Margin
6.2%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.22x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Academy Sports & Outdoors, Inc. Balance Sheet: ASO Debt, Cash & Liquidity

Current Ratio
1.89x
Quick Ratio
0.44x
Debt/Equity
0.22x
Debt/Assets
58.9%
Interest Coverage
N/A
Long-term Debt
$480.8M

ASO Revenue & Earnings Growth: 5-Year Financial Trend

ASO 5-year financial data: Year 2021: Revenue $6.8B, Net Income $120.0M, EPS $1.60. Year 2022: Revenue $6.8B, Net Income $308.8M, EPS $3.79. Year 2023: Revenue $6.8B, Net Income $671.4M, EPS $7.12. Year 2024: Revenue $6.4B, Net Income $628.0M, EPS $7.49. Year 2025: Revenue $6.2B, Net Income $519.2M, EPS $6.70.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Academy Sports & Outdoors, Inc.'s revenue has remained relatively flat over the 5-year period, with a 9% decline. The most recent EPS of $6.70 reflects profitable operations.

ASO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
3.7%
Free cash flow / Revenue

ASO Quarterly Earnings & Performance

Quarterly financial performance data for Academy Sports & Outdoors, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $1.3B $46.1M $0.92
Q2 2025 $1.5B $46.1M $1.85
Q1 2025 $1.4B $46.1M $0.68
Q3 2024 $1.3B $65.8M $0.92
Q2 2024 $1.5B $76.5M $1.95
Q1 2024 $1.4B $76.5M $1.01
Q3 2023 $1.4B $94.0M $1.31
Q2 2023 $1.6B $94.0M $2.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Academy Sports & Outdoors, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$434.8M
Cash generated from operations
Stock Buybacks
$199.0M
Shares repurchased (TTM)
Capital Expenditures
$212.7M
Investment in assets
Dividends Paid
$34.7M
Returned to shareholders

ASO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Academy Sports & Outdoors, Inc. (CIK: 0001817358)

📋 Recent SEC Filings

Date Form Document Action
Apr 7, 2026 8-K aso-20260407.htm View →
Mar 31, 2026 8-K aso-20260331.htm View →
Mar 26, 2026 4 xslF345X06/wk-form4_1774567653.xml View →
Mar 26, 2026 4 xslF345X06/wk-form4_1774567553.xml View →
Mar 26, 2026 4 xslF345X06/wk-form4_1774567467.xml View →

Frequently Asked Questions about ASO

What is the AI rating for ASO?

Academy Sports & Outdoors, Inc. (ASO) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ASO's key strengths?

Claude: Strong free cash flow generation of $222.1M with 3.7% FCF margin demonstrates operational efficiency. Solid profitability with 8.5% operating margin and 6.2% net margin in retail sector. ChatGPT: Solid profitability with 34.8% gross margin, 8.5% operating margin, and 6.2% net margin. Healthy balance sheet with low debt-to-equity of 0.22x and meaningful cash reserves of $330.32M.

What are the risks of investing in ASO?

Claude: Exceptional 16815.7% revenue growth appears anomalous and likely represents restatement, acquisition, or accounting adjustment rather than organic growth, creating uncertainty around normalized performance. Net income declined 10% year-over-year despite massive revenue increase, suggesting margin compression and operational challenges. ChatGPT: Net income and diluted EPS are declining year over year, indicating softer earnings momentum. Low quick ratio of 0.44x suggests heavy dependence on inventory turnover for near-term liquidity.

What is ASO's revenue and growth?

Academy Sports & Outdoors, Inc. reported revenue of $6.1B.

Does ASO pay dividends?

Academy Sports & Outdoors, Inc. pays dividends, with $34.7M distributed to shareholders in the trailing twelve months.

Where can I find ASO SEC filings?

Official SEC filings for Academy Sports & Outdoors, Inc. (CIK: 0001817358) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ASO's EPS?

Academy Sports & Outdoors, Inc. has a diluted EPS of $5.54.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ASO a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Academy Sports & Outdoors, Inc. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ASO stock overvalued or undervalued?

Valuation metrics for ASO: ROE of 17.4% (sector avg: 18%), net margin of 6.2% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

Should I buy ASO stock in 2026?

Our dual AI analysis gives Academy Sports & Outdoors, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ASO's free cash flow?

Academy Sports & Outdoors, Inc.'s operating cash flow is $434.8M, with capital expenditures of $212.7M. FCF margin is 3.7%.

How does ASO compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 6.2% (avg: 8%), ROE 17.4% (avg: 18%), current ratio 1.89 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2026-01-31 | Powered by Claude AI