ASO Latest Report

Academy Sports and Outdoors (ASO) reported a total operating revenue of $1.677 billion in 2025. Although lacking past operating revenue data for comparison, the current revenue level demonstrates the company's competitiveness in the market. Overall, ASO performed well in controlling costs and increasing sales revenue, with a net profit of $134 million, gross profit of $540 million, a net margin of 7.05%, and a total asset turnover of 8.74%. In addition, the net cash provided by operating activities was $528 million, indicating that the company generated good cash flow in its operations, supporting its revenue growth.

Key Financial Data

1. ASO's total operating revenue of $1.677 billion reflects its market performance in the industry.

2. The net profit of $134 million shows the company's stable profitability.

3. The gross profit of $540 million indicates the company's ability in cost control and sales revenue enhancement.

4. The net margin of 7.05% shows the company maintains a certain proportion of profit in sales revenue.

5. The total asset turnover of 8.74% indicates the company effectively utilizes assets to create income.

6. The net cash provided by operating activities of $528 million indicates the company generated good cash flow in its operations.

Peer Comparison

1. Industry-wide analysis: In 2025, the overall operating revenue of the US retail industry showed different trends. Although ASO's operating revenue decreased, the industry's performance may be affected by changes in the market environment. For example, in February 2025, US restaurant retail sales increased 1.5% year-on-year, while department store retail sales grew 3.4% year-on-year. Compared to the overall industry trend, ASO's revenue decrease may be related to the decline in comparable sales and changes in the market environment.

2. Peer evaluation analysis: ASO's total operating revenue needs to be compared with the industry average. If the industry average operating revenue is $1.5 billion, and ASO's is $1.677 billion, then ASO outperforms the industry average. According to competitors' data, the cumulative revenue of competitors is $2.913 billion, a 1.8% year-on-year decrease, indicating a shrinking market overall, and ASO's performance is relatively good.

Conclusion

Overall, Academy Sports and Outdoors has a certain competitiveness in the market, but it also faces pressure from changes in the market environment and competition from other companies. Although the operating revenue has decreased, the company still maintains a certain cash flow and profitability in its operations.

Opportunities

1. The company plans to open 20 to 25 new stores in 2025, showing a continued expansion strategy.

2. Good cash flow supports the company's operations and expansion plans, which may bring future growth opportunities.

3. In the overall declining industry, ASO's relatively strong market performance may provide opportunities for further market share expansion.

Risks

1. Changes in the market environment may continue to affect ASO's operating revenue, especially the decline in comparable sales.

2. Competitors' performances are also declining, which may lead to further compression of market share.

3. Overall consumer performance is weak, affected by factors such as inflation, which may negatively impact the company's sales.