Academy Sports and Outdoors, Inc. (ASO) Financial Ratios
8 years of historical data (2018–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↑
7.02
-0% vs avg
5yr avg: 7.06
30Y Low5.1·High8.1
P/FCF
↑
15.21
↑+26% vs avg
5yr avg: 12.10
30Y Low2.0·High16.8
P/B Ratio
↓
1.63
↓-30% vs avg
5yr avg: 2.33
30Y Low1.7·High3.0
ROE
↓
18.0%
↑-44% vs avg
5yr avg: 32.2%
30Y Low18%·High254%
Debt/EBITDA
↑
2.22
+2% vs avg
5yr avg: 2.17
30Y Low1.9·High8.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ASO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Academy Sports and Outdoors, Inc. trades at 9.4x earnings, 13% above its 5-year average of 8.3x, sitting at the 83rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.3x, the stock trades at a discount of 51%. On a free-cash-flow basis, the stock trades at 15.2x P/FCF, 26% above the 5-year average of 12.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $3.7B | $3.8B | $4.9B | $4.9B | $3.7B | $2.0B | — | — |
| Enterprise Value | $4.5B | $4.8B | $5.3B | $6.2B | $6.3B | $5.1B | $3.7B | — | — |
| P/E Ratio → | 9.39 | 9.93 | 9.13 | 9.36 | 7.80 | 5.46 | 6.34 | — | — |
| P/S Ratio | 0.56 | 0.62 | 0.64 | 0.79 | 0.77 | 0.54 | 0.34 | — | — |
| P/B Ratio | 1.63 | 1.72 | 1.91 | 2.49 | 3.01 | 2.50 | 1.76 | — | — |
| P/FCF | 15.21 | 16.85 | 11.63 | 14.84 | 11.06 | 6.14 | 2.02 | — | — |
| P/OCF | 7.77 | 8.61 | 7.24 | 9.07 | 8.88 | 5.45 | 1.94 | — | — |
P/E links to full P/E history page with 30-year chart
ASO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Academy Sports and Outdoors, Inc.'s enterprise value stands at 7.0x EBITDA, roughly in line with its 5-year average of 7.1x. The Consumer Cyclical sector median is 11.3x, placing the stock at a 38% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.80 | 0.90 | 1.01 | 0.99 | 0.75 | 0.65 | — | — |
| EV / EBITDA | 7.02 | 7.60 | 8.10 | 7.87 | 6.64 | 5.07 | 6.81 | — | — |
| EV / EBIT | 8.71 | 9.42 | 9.25 | 8.75 | 7.32 | 5.65 | 8.85 | — | — |
| EV / FCF | — | 21.72 | 16.19 | 18.96 | 14.29 | 8.56 | 3.79 | — | — |
ASO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Academy Sports and Outdoors, Inc. earns an operating margin of 8.5%, above the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 11.0% to 8.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 18.0% indicates solid capital efficiency, compared to the sector median of 5.8%. ROIC of 11.4% represents solid returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8% | 34.8% | 33.9% | 34.3% | 34.6% | 34.7% | 30.5% | 29.6% | 28.6% |
| Operating Margin | 8.5% | 8.5% | 9.1% | 11.0% | 13.2% | 13.4% | 7.4% | 3.7% | 2.7% |
| Net Profit Margin | 6.2% | 6.2% | 7.1% | 8.4% | 9.8% | 9.9% | 5.4% | 2.5% | 0.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.0% | 18.0% | 21.1% | 29.0% | 40.6% | 52.1% | 55.9% | 62849.7% | 253.8% |
| ROA | 7.4% | 7.4% | 8.7% | 11.2% | 13.7% | 15.0% | 7.1% | 3.2% | 0.7% |
| ROIC | 11.4% | 11.4% | 11.9% | 16.0% | 21.3% | 23.7% | 11.8% | 6.6% | 6.2% |
| ROCE | 12.5% | 12.5% | 13.9% | 18.4% | 24.1% | 27.2% | 12.4% | 5.8% | 5.0% |
ASO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Academy Sports and Outdoors, Inc. carries a Debt/EBITDA ratio of 2.2x, which is manageable (48% below the sector average of 4.3x). Net debt stands at $1.1B ($1.4B total debt minus $330M cash). Interest coverage of 14.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.65 | 0.65 | 0.89 | 0.87 | 1.09 | 1.32 | 1.89 | — | 192.36 |
| Debt / EBITDA | 2.22 | 2.22 | 2.72 | 2.15 | 1.86 | 1.92 | 3.88 | 8.92 | 6.18 |
| Net Debt / Equity | — | 0.50 | 0.75 | 0.69 | 0.88 | 0.98 | 1.55 | — | 183.40 |
| Net Debt / EBITDA | 1.70 | 1.70 | 2.28 | 1.71 | 1.50 | 1.43 | 3.18 | 8.42 | 5.89 |
| Debt / FCF | — | 4.87 | 4.56 | 4.12 | 3.23 | 2.42 | 1.77 | 12.60 | 17.11 |
| Interest Coverage | 14.14 | 14.14 | 14.61 | 14.72 | 18.23 | 18.53 | 4.86 | 1.77 | 1.19 |
ASO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.89x means Academy Sports and Outdoors, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.44x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.89 | 1.89 | 1.78 | 1.87 | 1.62 | 1.52 | 1.21 | 1.72 | 1.85 |
| Quick Ratio | 0.44 | 0.44 | 0.42 | 0.51 | 0.39 | 0.48 | 0.36 | 0.25 | 0.19 |
| Cash Ratio | 0.32 | 0.32 | 0.30 | 0.40 | 0.32 | 0.43 | 0.32 | 0.20 | 0.11 |
| Asset Turnover | — | 1.15 | 1.21 | 1.32 | 1.39 | 1.48 | 1.30 | 1.12 | 1.48 |
| Inventory Turnover | 2.63 | 2.63 | 3.00 | 3.39 | 3.26 | 3.77 | 4.00 | 3.09 | 3.01 |
| Days Sales Outstanding | — | 2.10 | 1.03 | 1.15 | 0.94 | 1.06 | 1.11 | 1.06 | 1.20 |
ASO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Academy Sports and Outdoors, Inc. returns 6.9% to shareholders annually — split between a 1.0% dividend yield and 5.9% buyback yield. The payout ratio of 9.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 0.9% | 0.8% | 0.6% | 0.5% | — | 13.1% | — | — |
| Payout Ratio | 9.2% | 9.2% | 7.5% | 5.2% | 3.9% | — | 83.2% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.7% | 10.1% | 11.0% | 10.7% | 12.8% | 18.3% | 15.8% | — | — |
| FCF Yield | 6.6% | 5.9% | 8.6% | 6.7% | 9.0% | 16.3% | 49.5% | — | — |
| Buyback Yield | 5.9% | 5.3% | 9.5% | 4.2% | 10.0% | 11.2% | 0.0% | — | — |
| Total Shareholder Yield | 6.9% | 6.2% | 10.4% | 4.7% | 10.5% | 11.2% | 13.1% | — | — |
| Shares Outstanding | — | $68M | $73M | $77M | $84M | $94M | $91M | $90M | $79M |
Peer Comparison
Compare ASO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ASOYou | $3B | 9.4 | 7.0 | 15.2 | 34.8% | 8.5% | 18.0% | 11.4% | 2.2 |
 DKS | $20B | 21.6 | 12.3 | 0.0 | 32.9% | 7.7% | 30.6% | 0.0% | 2.5 |
 BOOT | $5B | 28.2 | 18.4 | — | 37.5% | 12.5% | 17.4% | 12.1% | 1.9 |
 CATO | $53M | -3.0 | — | — | 31.3% | -4.2% | -10.5% | -6.7% | — |
 WMT | $1.0T | 47.9 | 25.0 | 25.1 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
 TGT | $59B | 15.8 | 7.4 | 20.7 | 27.9% | 4.9% | 24.0% | 16.7% | 0.7 |
 COST | $451B | 55.8 | 34.7 | 57.5 | 12.8% | 3.8% | 30.7% | 34.5% | 0.6 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 PRKS | $2B | 11.2 | 3.3 | 7.1 | 92.3% | 22.0% | — | 25.5% | — |
 NKE | $51B | 19.9 | 12.2 | 15.7 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 UAA | $1B | -13.3 | — | — | 47.9% | -3.6% | -10.0% | -5.1% | — |
| Consumer Cyclical Median | — | 19.3 | 11.3 | 14.6 | 37.9% | 2.9% | 5.8% | 5.8% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonASO — Frequently Asked Questions
Quick answers to the most common questions about buying ASO stock.
What is Academy Sports and Outdoors, Inc.'s P/E ratio?
Academy Sports and Outdoors, Inc.'s current P/E ratio is 9.4x. The historical average is 8.0x. This places it at the 83th percentile of its historical range.
What is Academy Sports and Outdoors, Inc.'s EV/EBITDA?
Academy Sports and Outdoors, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.0x.
What is Academy Sports and Outdoors, Inc.'s ROE?
Academy Sports and Outdoors, Inc.'s return on equity (ROE) is 18.0%. The historical average is 67.2%.
Is ASO stock overvalued?
Based on historical data, Academy Sports and Outdoors, Inc. is trading at a P/E of 9.4x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Academy Sports and Outdoors, Inc.'s dividend yield?
Academy Sports and Outdoors, Inc.'s current dividend yield is 0.98% with a payout ratio of 9.2%.
What are Academy Sports and Outdoors, Inc.'s profit margins?
Academy Sports and Outdoors, Inc. has 34.8% gross margin and 8.5% operating margin.
How much debt does Academy Sports and Outdoors, Inc. have?
Academy Sports and Outdoors, Inc.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.