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Academy Sports & Outdoors, Inc. ASO

Nasdaq · stock · Retail-Miscellaneous Shopping Goods Stores · website · IPO 2020-10-02

Academy Sports & Outdoors, Inc. statistics & valuation

Market cap$3.0B
P / E8.0×
P / S0.5×
P / B1.4×
P / FCF13.5×
Dividend yield1.15%
Net margin6.2%
Return on equity17.4%
FCF margin3.7%
Net debt$150.5M
Net debt / EBITDA0.2×
Enterprise value USD$3.2B
EV / EBITDA5×
Earnings yield EBIT/EV16.2%
Return on capital12.1%
Graham number +28.1%$63.07

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($63.07); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.50% 5.40% 9.90% 9.80% 8.40% 7.10% 6.20% 2020202120222023202420252026
Gross margin (%)
29.60% 30.50% 34.70% 34.60% 34.30% 33.90% 34.80% 2020202120222023202420252026
Operating margin (%)
3.70% 7.40% 13.40% 13.20% 11.00% 9.10% 8.50% 2020202120222023202420252026
Return on equity (%)
27.80% 45.80% 38.60% 26.60% 20.90% 17.40% 2020202120222023202420252026
Shares outstanding
74.8M 91.1M 94.3M 83.9M 77.5M 73.0M 68.0M 2020202120222023202420252026
Net debt ($)
$1.28B $403.9M $197.6M $247.3M $136.6M $193.8M $150.5M 2020202120222023202420252026
Share buybacks ($)
2020202120222023202420252026
Return on assets (%)
2.80% 7.00% 14.60% 13.70% 11.10% 8.50% 7.10% 2020202120222023202420252026
Free cash flow margin (%)
4.20% 17.10% 8.80% 6.90% 5.30% 5.50% 3.70% 2020202120222023202420252026
Debt / equity (×)
0.70× 0.47× 0.36× 0.25× 0.24× 0.22× 2020202120222023202420252026
EPS ($)
$1.60 $3.79 $7.12 $7.49 $6.70 $5.73 $5.54 2020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Academy Sports & Outdoors, Inc. trades at about 8.9× earnings — near its 10-year norm (10-year range 4.5×–11.2×, median 8.7×).

4.5× 11.2×

Shaded band = 10-year range (4.5×–11.2×); dot = today's 8.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin34.8%33.9%34.3%34.6%34.7%30.5%29.6%
Operating margin8.5%9.1%11.0%13.2%13.4%7.4%3.7%
Net margin6.2%7.1%8.4%9.8%9.9%5.4%2.5%
FCF margin3.7%5.5%5.3%6.9%8.8%17.1%4.2%
Return on assets7.1%8.5%11.1%13.7%14.6%7.0%2.8%
Return on equity17.4%20.9%26.6%38.6%45.8%27.8%—
Debt / equity0.22×0.24×0.25×0.36×0.47×0.70×—
Current ratio1.891.781.871.621.521.211.72

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.