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Academy Sports & Outdoors vs Sportsman'S Warehouse: revenue, profit, margins and growth compared

Academy Sports & Outdoors brought in $6.1B of revenue in fiscal 2025, Sportsman'S Warehouse $1.2B in fiscal 2025. Revenue changed by +2.0% at Academy Sports & Outdoors and +1.0% at Sportsman'S Warehouse on the year before, so Academy Sports & Outdoors grew faster. Academy Sports & Outdoors kept 6.2% of its revenue as net profit, Sportsman'S Warehouse -4.1%. Free cash flow was $222.1M at Academy Sports & Outdoors and $8.9M at Sportsman'S Warehouse.

Side by side, latest fiscal year

ASOSPWH
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$6.1B$1.2B
Revenue growth+2.0%+1.0%
Net income$376.8M-$50.1M
Net margin6.2%-4.1%
Free cash flow$222.1M$8.9M
Free cash flow margin3.7%0.7%
Earnings per share (diluted)$5.54-$1.30
Cash$330.3M$1.7M
Debt$483.8M$44.2M
Price to earnings8.9n/a
Market value$3B$46M
Dividend yield0.26%n/a
Rank by revenue in sector#177 of 778 · Consumer discretionary#435 of 778 · Consumer discretionary

Over the years

Revenue
ASO FY2020: $4.8BASO FY2020: $4.8BASO FY2020: $5.7BASO FY2021: $6.8BASO FY2022: $6.4BASO FY2023: $6.2BASO FY2024: $5.9BASO FY2025: $6.1BSPWH FY2018: $849.1MSPWH FY2019: $886.4MSPWH FY2020: $1.5BSPWH FY2021: $1.5BSPWH FY2022: $1.4BSPWH FY2023: $1.3BSPWH FY2025: $1.2BSPWH FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
ASO $6.1BSPWH $1.2B
Net income
ASO FY2020: $21.4MASO FY2020: $120MASO FY2020: $308.8MASO FY2021: $671.4MASO FY2022: $628MASO FY2023: $519.2MASO FY2024: $418.4MASO FY2025: $376.8MSPWH FY2018: $23.8MSPWH FY2019: $20.2MSPWH FY2020: $91.4MSPWH FY2021: $108.5MSPWH FY2022: $40.5MSPWH FY2023: -$29MSPWH FY2025: -$33.1MSPWH FY2025: -$50.1MFY18FY19FY20FY21FY22FY23FY24FY25
ASO $376.8MSPWH -$50.1M
Net margin
ASO FY2020: 0.4%ASO FY2020: 2.5%ASO FY2020: 5.4%ASO FY2021: 9.9%ASO FY2022: 9.8%ASO FY2023: 8.4%ASO FY2024: 7.1%ASO FY2025: 6.2%SPWH FY2018: 2.8%SPWH FY2019: 2.3%SPWH FY2020: 6.3%SPWH FY2021: 7.2%SPWH FY2022: 2.9%SPWH FY2023: -2.3%SPWH FY2025: -2.8%SPWH FY2025: -4.1%FY18FY19FY20FY21FY22FY23FY24FY25
ASO 6.2%SPWH -4.1%
Revenue growth
ASO FY2020: +1.0%ASO FY2020: +17.8%ASO FY2021: +19.1%ASO FY2022: -5.6%ASO FY2023: -3.7%ASO FY2024: -3.7%ASO FY2025: +2.0%SPWH FY2019: +4.4%SPWH FY2020: +63.8%SPWH FY2021: +3.7%SPWH FY2022: -7.1%SPWH FY2023: -8.0%SPWH FY2025: -7.0%SPWH FY2025: +1.0%FY19FY20FY21FY22FY23FY24FY25
ASO +2.0%SPWH +1.0%
Free cash flow
ASO FY2020: $90.6MASO FY2020: $200.9MASO FY2020: $970.3MASO FY2021: $597.5MASO FY2022: $443.7MASO FY2023: $328MASO FY2024: $328.5MASO FY2025: $222.1MSPWH FY2018: $14.2MSPWH FY2019: $47.5MSPWH FY2020: $219.1MSPWH FY2021: -$75.1MSPWH FY2022: -$16.7MSPWH FY2023: -$27.6MSPWH FY2025: $19.6MSPWH FY2025: $8.9MFY18FY19FY20FY21FY22FY23FY24FY25
ASO $222.1MSPWH $8.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Academy Sports & Outdoors and Sportsman'S Warehouse

Which is bigger by revenue, Academy Sports & Outdoors or Sportsman'S Warehouse?

Academy Sports & Outdoors is bigger by revenue: $6.1B in fiscal 2025, against $1.2B for Sportsman'S Warehouse in fiscal 2025.

Which keeps more of its revenue as profit, Academy Sports & Outdoors or Sportsman'S Warehouse?

Academy Sports & Outdoors had a net margin of 6.2% in fiscal 2025; Sportsman'S Warehouse had -4.1% in fiscal 2025.

Which grew revenue faster, Academy Sports & Outdoors or Sportsman'S Warehouse?

In their latest fiscal years revenue changed by +2.0% at Academy Sports & Outdoors and +1.0% at Sportsman'S Warehouse.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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