# Academy Sports and Outdoors, Inc. (ASO) — Stock CV

Academy Sports and Outdoors, Inc. is a $3.29B consumer company. Revenue shrank 15.4% over the last year, it keeps 6¢ of every dollar of sales as profit, and its net debt equals ~2.0 years of free cash flow. It trades at 8.3× earnings — around the middle of its own history.

> Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.

## Identity

- **Ticker**: ASO
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Miscellaneous Shopping Goods Stores
- **Headquarters**: KATY, TX
- **Employees**: 23 000
- **Website**: https://www.academy.com
- **Market cap**: $3.29B
- **Last price**: $53.49
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $13.7B
- **Net income**: $811M
- **Free cash flow**: $819M
- **Net debt**: $1.67B
- **P/E**: 8.3
- **Revenue growth (YoY)**: -15.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 80 |
| Growth | 20 |
| Profitability | 50 |
| Health | 66 |
| Quality | 75 |
| Moat | 76 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -15.4% YoY
- [x] Profitable — $811M TTM
- [ ] Profit growing — -9.6% YoY
- [x] Generates cash — $819M TTM
- [x] Debt under control — ~2.0y of cash flow to repay
- [x] Established company — $3.29B market cap
- [x] Not printing shares — -26.1% shares over ~5y
- [x] Proven track record — 8/8 profitable years
- [x] Financially stable — Altman Z 2.0 — grey
- [x] Pays a dividend — yield 1.10%
- [x] Valuation not extreme — P/E 8.3

## Experience (career milestones)

- **FY2021** — Revenue crossed $10B: $16.7B for the year
- **FY2021** — Best year on record: $1.75B net income
- **FY2020** — Profitable every year on record: 8 consecutive profitable years in our data
- **FY2020** — Revenue already above $1B: $9.78B in first reported year
- **FY2020** — Positive free cash flow every year since: 8-year streak

## Strengths

- Interest covered 14.4× by operating earnings

## Watch-outs

- Revenue shrinking 15.4% year over year
- Net debt would take ~7.5 years of free cash flow to repay

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $14.9B | $1.22B | $623M |
| FY2024 | $14.5B | $1.03B | $882M |
| FY2025 | $14.7B | $837M | $572M |
| FY2026 | $14.9B | $863M | $697M |
| FY2027 | $4.53B | $243M | $359M |

---

Source: https://stockcv.com/ASO — derived from company filings; may be delayed or incomplete. Information, not investment advice.