Academy Sports and Outdoors, Inc. (ASO) Key Metrics
ASO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.61B
- Enterprise value
- $4.64B
- P/E (TTM)
- 9.8 10-yr median 8.5
- Forward P/E
- 7.3
- PEG ratio
- 0.60
- Price / sales
- 0.6 10-yr median 0.6
- Price / book
- 1.4 10-yr median 2.2
- EV / EBITDA
- 7.0 10-yr median 7.2
- Dividend yield
- 1.02% $0.60 a year
- Beta
- 0.98
ASO key metrics, FY2018–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsASO valuation Price multiples at each fiscal year-end price.
ASO returns How much profit the business earns on the capital it uses.
ASO per-share figures Results divided by the shares outstanding at year-end.
ASO financial health Debt, liquidity and how easily interest is covered.
ASO efficiency & capital use Working capital cycle and where the cash goes.
ASO valuation history
ASO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASO cash returned to shareholders
ASO price vs earnings per share
ASO key metrics
FY2018–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $3.74B | $3.82B | $4.86B | $4.90B | $3.67B | $1.96B | — | — | — |
| Enterprise value | $5.30B | $5.32B | $6.21B | $6.33B | $5.03B | $3.59B | — | — | — |
| P/E ratio | 9.9 | 9.1 | 9.4 | 7.8 | 5.5 | 6.3 | — | — | — |
| Price / sales | 0.6 | 0.6 | 0.8 | 0.8 | 0.5 | 0.3 | — | — | — |
| Price / book | 1.7 | 1.9 | 2.5 | 3.0 | 2.5 | 1.8 | — | — | — |
| Price / free cash flow | 16.8 | 11.6 | 14.8 | 11.1 | 6.1 | 2.0 | — | — | — |
| Price / operating cash flow | 8.6 | 7.2 | 9.1 | 8.9 | 5.4 | 1.9 | — | — | — |
| EV / sales | 0.9 | 0.9 | 1.0 | 1.0 | 0.7 | 0.6 | — | — | — |
| EV / EBITDA | 8.2 | 7.7 | 7.6 | 6.5 | 5.0 | 6.9 | — | — | — |
| EV / free cash flow | 23.9 | 16.2 | 19.0 | 14.3 | 8.4 | 3.7 | — | — | — |
| Earnings yield | 10.1% | 11.0% | 10.7% | 12.8% | 18.3% | 15.8% | — | — | — |
| Free cash flow yield | 5.9% | 8.6% | 6.7% | 9.0% | 16.3% | 49.5% | — | — | — |
| Dividend yield | 0.9% | 0.8% | 0.6% | 0.5% | 0.0% | 13.1% | — | — | — |
| Shareholder yield (dividends + buybacks) | 6.2% | 10.4% | 4.7% | 10.5% | 11.2% | 13.1% | — | — | — |
| Share price at fiscal year-end | $55.01 | $52.31 | $62.73 | $58.42 | $38.90 | $21.50 | — | — | — |
| Per share | |||||||||
| Revenue per share | $88.98 | $81.23 | $79.51 | $76.23 | $71.84 | $62.44 | $53.40 | $60.89 | $56.67 |
| Earnings per share | $5.54 | $5.73 | $6.70 | $7.49 | $7.12 | $3.39 | $1.33 | $0.27 | $0.69 |
| Operating cash flow per share | $6.39 | $7.23 | $6.92 | $6.58 | $7.14 | $11.10 | $2.92 | $2.53 | $0.98 |
| Free cash flow per share | $3.26 | $4.50 | $4.23 | $5.28 | $6.33 | $10.65 | $2.22 | $1.15 | −$0.57 |
| Cash per share | $4.86 | $3.96 | $4.49 | $4.02 | $5.15 | $4.14 | $1.65 | $0.96 | — |
| Book value per share | $31.92 | $27.43 | $25.23 | $19.41 | $15.56 | $12.20 | −$0.09 | $0.11 | — |
| Tangible book value per share | $10.73 | $7.71 | $6.64 | $2.25 | $0.29 | −$3.59 | −$16.00 | −$18.40 | — |
| Dividends per share | $0.51 | $0.43 | $0.35 | $0.29 | $0.01 | $2.82 | $2.84 | $3.27 | $3.01 |
| Capex per share | $3.13 | $2.73 | $2.69 | $1.30 | $0.81 | $0.45 | $0.69 | $1.37 | $1.55 |
| Debt per share | $27.82 | $24.46 | $21.90 | $21.08 | $19.56 | $22.08 | $29.64 | $20.68 | — |
| Shares outstanding | 68.0M | 73.0M | 77.5M | 83.9M | 94.3M | 91.1M | 90.4M | 78.6M | 85.3M |
| Change in shares outstanding | −6.9% | −5.7% | −7.7% | −11.0% | +3.5% | +0.7% | +15.1% | −7.9% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 18.0% | 21.1% | 29.0% | 40.6% | 52.1% | 55.9% | — | 253.8% | — |
| Return on invested capital (ROIC) | 11.0% | 12.3% | 16.7% | 22.1% | 25.5% | 14.5% | 8.6% | 7.6% | — |
| Return on assets (ROA) | 7.4% | 8.7% | 11.2% | 13.7% | 15.0% | 7.1% | 3.2% | 0.7% | — |
| Return on tangible assets | 9.8% | 12.1% | 16.0% | 19.9% | 21.3% | 10.5% | 4.2% | 1.2% | — |
| Free cash flow margin | 3.7% | 5.5% | 5.3% | 6.9% | 8.8% | 17.1% | 4.2% | 1.9% | −1.0% |
| Income quality (OCF / net income) | 1.15 | 1.26 | 1.03 | 0.88 | 1.00 | 3.28 | 2.20 | 9.26 | 1.42 |
| Financial health | |||||||||
| Total debt | $1.89B | $1.79B | $1.70B | $1.77B | $1.84B | $2.01B | $2.68B | $1.63B | — |
| Cash & short-term investments | $330.3M | $288.9M | $347.9M | $337.1M | $486.0M | $377.6M | $149.4M | $75.7M | — |
| Net debt | $1.56B | $1.50B | $1.35B | $1.43B | $1.36B | $1.63B | $2.53B | $1.55B | — |
| Debt / equity | 0.87 | 0.89 | 0.87 | 1.09 | 1.26 | 1.81 | — | 192.36 | — |
| Debt / assets | 0.36 | 0.36 | 0.36 | 0.38 | 0.40 | 0.46 | 0.62 | 0.50 | — |
| Net debt / EBITDA | 2.42 | 2.16 | 1.64 | 1.47 | 1.34 | 3.14 | 7.41 | 5.88 | — |
| Current ratio | 1.89 | 1.78 | 1.87 | 1.62 | 1.52 | 1.21 | 1.72 | 1.85 | — |
| Quick ratio | 0.44 | 0.42 | 0.51 | 0.39 | 0.48 | 0.36 | 0.25 | 0.19 | — |
| Interest coverage | 14.1 | 14.6 | 14.7 | 18.2 | 18.5 | 4.9 | 1.8 | 1.2 | 1.5 |
| Working capital | $922.0M | $749.3M | $765.0M | $648.0M | $588.6M | $247.9M | $538.8M | $582.8M | — |
| Invested capital | $3.73B | $3.50B | $3.30B | $3.06B | $2.83B | $2.75B | $2.52B | $1.56B | — |
| Tangible asset value | $729.7M | $563.1M | $514.5M | $188.7M | $27.8M | −$326.9M | −$450.7M | −$596.9M | — |
| Net current asset value | −$1.15B | −$1.19B | −$1.08B | −$1.28B | −$1.40B | −$1.86B | −$2.05B | −$1.11B | — |
| Graham number | $63.06 | $59.46 | $61.68 | $57.17 | $49.93 | $30.50 | — | $0.81 | — |
| Graham net-net per share | −$29.36 | −$26.57 | −$22.75 | −$23.55 | −$21.54 | −$26.20 | −$29.11 | −$21.99 | — |
| Capital allocation | |||||||||
| Dividends paid | $34.7M | $31.5M | $27.2M | $24.6M | $501,000 | $257.0M | $257.0M | $257.0M | $257.0M |
| Share buybacks (net) | $199.0M | $364.9M | $202.8M | $489.5M | $411.4M | $0 | $473,000 | $0 | $0 |
| Dividend payout ratio | 9.2% | 7.5% | 5.2% | 3.9% | 0.1% | 83.2% | 214.1% | — | 439.3% |
| Dividends + buybacks / free cash flow | 105.2% | 120.7% | 70.2% | 116.0% | 69.0% | 26.5% | 128.2% | 283.7% | — |
| Capex / revenue | 3.5% | 3.4% | 3.4% | 1.7% | 1.1% | 0.7% | 1.3% | 2.3% | 2.7% |
| Capex / operating cash flow | 48.9% | 37.8% | 38.9% | 19.7% | 11.3% | 4.1% | 23.8% | 54.4% | 158.5% |
| Capex / depreciation | 1.73 | 1.69 | 1.88 | 1.02 | 0.72 | 0.39 | 0.54 | 0.81 | 0.99 |
| Stock-based compensation / revenue | 0.3% | 0.4% | 0.4% | 0.3% | 0.6% | 0.6% | 0.2% | 0.1% | 0.1% |
| SG&A / revenue | 26.3% | 24.8% | 23.3% | 21.4% | 21.3% | 23.1% | 25.9% | 25.9% | 25.7% |
| Efficiency | |||||||||
| Days sales outstanding | 1.6 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 1.1 | 1.2 | — |
| Days of inventory on hand | 130.0 | 116.5 | 111.7 | 107.1 | 89.2 | 96.4 | 120.0 | 121.2 | — |
| Days payables outstanding | 57.8 | 53.7 | 55.3 | 62.1 | 63.1 | 56.3 | 46.2 | 46.2 | — |
| Cash conversion cycle (days) | 73.8 | 63.9 | 57.4 | 46.0 | 27.1 | 41.1 | 74.9 | 76.2 | — |
| Receivables turnover | 235.02 | 328.45 | 343.38 | 353.11 | 365.88 | 363.47 | 324.98 | 304.22 | — |
| Payables turnover | 6.32 | 6.80 | 6.60 | 5.87 | 5.78 | 6.48 | 7.90 | 7.91 | — |
| Inventory turnover | 2.81 | 3.13 | 3.27 | 3.41 | 4.09 | 3.79 | 3.04 | 3.01 | — |
| Asset turnover | 1.19 | 1.24 | 1.33 | 1.39 | 1.51 | 1.31 | 1.28 | 1.48 | — |
| Average receivables | $25.8M | $18.1M | $17.9M | $18.1M | $18.5M | $15.7M | $14.9M | $15.7M | — |
| Average payables | $625.1M | $576.8M | $613.8M | $712.1M | $764.6M | $610.1M | $430.4M | $432.0M | — |
| Average inventory | $1.41B | $1.25B | $1.24B | $1.23B | $1.08B | $1.04B | $1.12B | $1.13B | — |
| Intangibles / total assets | 27.3% | 29.4% | 30.8% | 31.3% | 31.4% | 32.8% | 33.2% | 44.9% | — |
Computed from ASO's annual financial statements (latest annual report filed March 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ASO valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Academy Sports and Outdoors traded at 9.9 times earnings, against a 9-year median of 8.5. Based on the latest twelve months, the trailing P/E is 9.8 and the forward P/E is 7.3. Academy Sports and Outdoors earned a return on equity of 18.0% and a return on invested capital of 11.0% in fiscal 2026. It ended the year with $1.9 billion of debt and $330.3 million in cash and short-term investments, net debt of $1.6 billion. It returned $233.6 million to shareholders: $34.7 million in dividends and $199.0 million in share buybacks, 105% of free cash flow. The share count fell 20.3% from 85.3M to 68.0M over 8 years.
See the ASO income statement, the ASO chart for price history, or the ASO stock overview for the latest quote and news.
ASO key metrics FAQ
What is Academy Sports and Outdoors's P/E ratio?
Academy Sports and Outdoors's trailing P/E ratio is 9.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 7.3. At the end of fiscal 2026 it was 9.9, compared with a 9-year median of 8.5.
What is Academy Sports and Outdoors's EV/EBITDA?
Academy Sports and Outdoors's enterprise value was 8.2 times EBITDA at the end of fiscal 2026 (enterprise value $5.3 billion, EBITDA $645.1 million); the current EV/EBITDA is 7.0.
What is Academy Sports and Outdoors's return on equity?
Academy Sports and Outdoors's return on equity (ROE) was 18.0% in fiscal 2026: net income of $376.8 million on average shareholders' equity of $2.1 billion.
What is Academy Sports and Outdoors's ROIC?
Academy Sports and Outdoors's return on invested capital was 11.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Academy Sports and Outdoors have?
Academy Sports and Outdoors had total debt of $1.9 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.87 and $1.6 billion of net debt (2.42 times EBITDA).
What is Academy Sports and Outdoors's dividend yield?
Academy Sports and Outdoors's forward dividend yield is 1.02%. Academy Sports and Outdoors paid $34.7 million in dividends in fiscal 2026 ($0.51 per share), a payout ratio of 9.2%.
Does Academy Sports and Outdoors buy back its shares?
Yes. Academy Sports and Outdoors spent $199.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −6.9% over the year, to 68.0M..
What is Academy Sports and Outdoors's free cash flow yield?
Academy Sports and Outdoors generated $222.1 million of free cash flow in fiscal 2026, a free cash flow yield of 5.9% on its market value at year-end ($3.7 billion).
What is Academy Sports and Outdoors's current ratio?
Academy Sports and Outdoors's current ratio was 1.89 at the end of fiscal 2026: current assets were 1.89 times current liabilities.