Academy Sports and Outdoors, Inc. (ASO) Stock

Academy Sports and Outdoors, Inc. (ASO) is a Consumer Discretionary stock trading at $45.60 (as of 2026-08-20), with a market capitalization of $2.83B and a trailing P/E of 9.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Academy Sports and Outdoors, Inc. and its subsidiaries operate a U.S. retailer of sporting goods and outdoor recreation products. It sells categories including outdoor and camping equipment, marine and fishing gear, firearms and hunting-related items, sports and fitness equipment and apparel, and related accessories and outdoor home items.

Understand Academy Sports and Outdoors, Inc.: how it makes money

Academy Sports and Outdoors sells sporting goods and outdoor recreational products in the United States, and it makes money primarily through retail sales of items across categories like camping gear, marine and fishing equipment, firearms and hunting equipment, team sports equipment, and fitness products.

As a retailer, its profits are mainly driven by how much gross profit it earns on inventory sold (gross margin), and how efficiently it turns that gross profit into operating profit after operating expenses (operating margin).

Business quality (Mixed): The snapshot provided includes company-level revenue and margins, but there is no official reportable segment breakdown or any operational KPI labels to evaluate ongoing trading drivers.

Valuation: At 9× earnings, ASO trades 53% below the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

  • Gross margin at 33.2%: The company is generating gross profit on its sold merchandise, which supports its ability to cover operating costs and produce operating income.
  • Positive operating margin at 5.2%: Even with a modest operating margin, the business model is translating gross profit into operating profit.

Bear case

  • Operating margin is only 5.2%: With a relatively thin operating margin, the business can be sensitive to unfavorable changes in costs or margins, even if revenue is stable.
  • No segment or operational KPI detail provided: Without segment splits and operational metrics, it is harder to pinpoint which parts of the business are driving performance or deterioration.
Valuation — source: SEC EDGAR (first-party)
Price$45.60
Market Cap$2.83B
P/E Ratio9.6
EV / EBITDA5.5
Price / Book1.33
Price / Sales0.49
FCF Yield16.7%
DCF Value (model)$117.34
DCF Upside vs Price157.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.05B
Net Margin6.2%
Revenue Growth (YoY)2.0%
EPS Growth (YoY)-3.6%
FCF Growth (YoY)-32.4%
Financial Health — source: SEC EDGAR
Altman Z-Score2.75 (grey)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E9.6
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Retail)19.5
vs Sector-53.3%
vs Industry-51.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($563.50M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRetail
CEOSteven Paul Lawrence
Employees9,900
CountryUS
IPO Date2020-10-02

Related Companies (Business model: Brick-and-Mortar Retail (incl. Omnichannel); 8 closest by market cap; US-domiciled)

  • DICK'S Sporting Goods, Inc. (DKS)
  • Guardian Pharmacy Services, Inc. (GRDN)
  • Bath & Body Works, Inc. (BBWI)
  • EZCORP, Inc. (EZPW)
  • Savers Value Village, Inc. (SVV)
  • Build-A-Bear Workshop, Inc. (BBW)
  • Barnes & Noble Education, Inc. (BNED)
  • Envela Corporation (ELA)
ASO earnings history · ASO institutional & insider holders · ASO KPIs & operating metrics · ASO financials · ASO investor presentations & press releases · ASO SEC filings · ASO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.