ASOAcademy Sports & Outdoors, Inc.
Retail-Miscellaneous Shopping Goods Stores
- Revenue
- $6.1B
- 2.0% YoY
- Operating margin
- 8.5%
- 6.8% YoY
- EBITDA
- $635M
- 3.3% YoY
- Market cap
- $3.7B
- Employees
- 23,000
- $263K revenue each
- Net debt / EBITDA
- 0.3×
- $196M net debt
- AI in 10-K
- 2.7
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$10M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo115% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo54% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo16% of assetsOver 40% of assets
- Shareholder dissentNo99% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$263K · 39th pctBottom quartile of its SIC industry
- Quiet on AINo2.7 per 10K words · 66th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.3× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.7B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$7M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.8B | $6.4B | $6.2B | $5.9B | $6.1B | 2.0% |
| Operating income | $908M | $847M | $678M | $539M | $512M | 4.9% |
| Net income | $671M | $628M | $519M | $418M | $377M | 10.0% |
| Operating cash flow | $673M | $552M | $536M | $528M | $435M | 18% |
| Capex | $76M | $108M | $208M | $200M | $213M | 6.6% |
| Stock-based comp | $39M | $21M | $24M | $27M | $21M | 20% |
| Buybacks | $411M | $489M | $203M | $365M | $199M | 45% |
| Dividends | $0 | $25M | $27M | $31M | $35M | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $7M · 11
- Net
- −$7M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $10M | $7M | 264 | 168 |
| FY2025 | — | — | 249 | 162 |
| FY2024 | — | — | 304 | 121 |
| FY2023 | — | — | 261 | 89 |
| FY2022 | — | — | 175 | 105 |