Income Statement Snapshot

Academy Sports and Outdoors, Inc.’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2026

41.9% CAGR

$6.1B

CAGR 41.9% (FY2022 to FY2026)

Gross Profit

FY2026

41.7% CAGR

$2.1B

CAGR 41.7% (FY2022 to FY2026)

Operating Income

FY2026

30.0% CAGR

$512.2M

CAGR 30.0% (FY2022 to FY2026)

Net Income

FY2026

30.0% CAGR

$376.8M

CAGR 30.0% (FY2022 to FY2026)

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for Academy Sports and Outdoors, Inc..
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2026	2025	2024	2023	2022
Total Revenue	$6,053	$5,933	$6,159	$1,398	$1,494
Cost of Revenue	$3,948	$3,922	$4,049	$4,183	$4,422
Gross Profit	$2,106	$2,011	$2,110	$483	$522
Selling, General & Administrative	$1,593	$1,473	$1,432	$1,366	$1,443
Operating Income	$512	$539	$678	$137	$180
Other Non-Operating Income (Expense)	$10	$37	$33	$20	$3
Pretax Income	$486	$538	$663	$818	$860
Income Tax Expense (Benefit)	$109	$120	$144	$190	$188
Net Income	$377	$418	$519	$100	$132
Basic EPS	$5.66	$5.87	$6.89	$1.34	$1.67
Diluted EPS	$5.54	$5.73	$6.70	$1.31	$1.62
Basic Average Shares	66.6M	71.3M	75.4M	74.5M	79.1M
Diluted Average Shares	68.0M	73.0M	77.5M	76.1M	81.4M
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for Academy Sports and Outdoors, Inc.

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2026

vs FY2022

34.8%

Change vs FY2022: -19 bps

Operating Margin

FY2026

vs FY2022

8.5%

Change vs FY2022: -356 bps

Net Margin

FY2026

vs FY2022

6.2%

Change vs FY2022: -259 bps

Observation Window

FY2022 to FY2026

5 years

5 Years

Profitability profile tracked across FY2022 through FY2026.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2026 vs FY2025

YoY change

+2.0%

FY2026 versus FY2025

Gross Profit YoY

FY2026 vs FY2025

YoY change

+4.7%

FY2026 versus FY2025

Op. Income YoY

FY2026 vs FY2025

YoY change

-4.9%

FY2026 versus FY2025

Net Income YoY

FY2026 vs FY2025

YoY change

-10.0%

FY2026 versus FY2025

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2026	2025	2024	2023	2022
Revenue Growth %	+2.0%	-3.7%	+340.6%	-6.4%	N/A
Gross Profit Growth %	+4.7%	-4.7%	+337.2%	-7.6%	N/A
Operating Income Growth %	-4.9%	-20.5%	+395.8%	-23.8%	N/A
Net Income Growth %	-10.0%	-19.4%	+419.3%	-24.1%	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2022 to FY2026, useful for filtering out one-year noise.

Revenue CAGR

FY2022 to FY2026

4-yr CAGR

41.9%

Compounded annual growth across FY2022 to FY2026.

Gross Profit CAGR

FY2022 to FY2026

4-yr CAGR

41.7%

Compounded annual growth across FY2022 to FY2026.

Op. Income CAGR

FY2022 to FY2026

4-yr CAGR

30.0%

Compounded annual growth across FY2022 to FY2026.

Net Income CAGR

FY2022 to FY2026

4-yr CAGR

30.0%

Compounded annual growth across FY2022 to FY2026.

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Income Statement Snapshot

Academy Sports and Outdoors, Inc.’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2026

41.9% CAGR

$6.1B

CAGR 41.9% (FY2022 to FY2026)

Gross Profit

FY2026

41.7% CAGR

$2.1B

CAGR 41.7% (FY2022 to FY2026)

Operating Income

FY2026

30.0% CAGR

$512.2M

CAGR 30.0% (FY2022 to FY2026)

Net Income

FY2026

30.0% CAGR

$376.8M

CAGR 30.0% (FY2022 to FY2026)

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for Academy Sports and Outdoors, Inc..
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2026	2025	2024	2023	2022
Total Revenue	$6,053	$5,933	$6,159	$1,398	$1,494
Cost of Revenue	$3,948	$3,922	$4,049	$4,183	$4,422
Gross Profit	$2,106	$2,011	$2,110	$483	$522
Selling, General & Administrative	$1,593	$1,473	$1,432	$1,366	$1,443
Operating Income	$512	$539	$678	$137	$180
Other Non-Operating Income (Expense)	$10	$37	$33	$20	$3
Pretax Income	$486	$538	$663	$818	$860
Income Tax Expense (Benefit)	$109	$120	$144	$190	$188
Net Income	$377	$418	$519	$100	$132
Basic EPS	$5.66	$5.87	$6.89	$1.34	$1.67
Diluted EPS	$5.54	$5.73	$6.70	$1.31	$1.62
Basic Average Shares	66.6M	71.3M	75.4M	74.5M	79.1M
Diluted Average Shares	68.0M	73.0M	77.5M	76.1M	81.4M
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for Academy Sports and Outdoors, Inc.

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2026

vs FY2022

34.8%

Change vs FY2022: -19 bps

Operating Margin

FY2026

vs FY2022

8.5%

Change vs FY2022: -356 bps

Net Margin

FY2026

vs FY2022

6.2%

Change vs FY2022: -259 bps

Observation Window

FY2022 to FY2026

5 years

5 Years

Profitability profile tracked across FY2022 through FY2026.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2026 vs FY2025

YoY change

+2.0%

FY2026 versus FY2025

Gross Profit YoY

FY2026 vs FY2025

YoY change

+4.7%

FY2026 versus FY2025

Op. Income YoY

FY2026 vs FY2025

YoY change

-4.9%

FY2026 versus FY2025

Net Income YoY

FY2026 vs FY2025

YoY change

-10.0%

FY2026 versus FY2025

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2026	2025	2024	2023	2022
Revenue Growth %	+2.0%	-3.7%	+340.6%	-6.4%	N/A
Gross Profit Growth %	+4.7%	-4.7%	+337.2%	-7.6%	N/A
Operating Income Growth %	-4.9%	-20.5%	+395.8%	-23.8%	N/A
Net Income Growth %	-10.0%	-19.4%	+419.3%	-24.1%	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2022 to FY2026, useful for filtering out one-year noise.

Revenue CAGR

FY2022 to FY2026

4-yr CAGR

41.9%

Compounded annual growth across FY2022 to FY2026.

Gross Profit CAGR

FY2022 to FY2026

4-yr CAGR

41.7%

Compounded annual growth across FY2022 to FY2026.

Op. Income CAGR

FY2022 to FY2026

4-yr CAGR

30.0%

Compounded annual growth across FY2022 to FY2026.

Net Income CAGR

FY2022 to FY2026

4-yr CAGR

30.0%

Compounded annual growth across FY2022 to FY2026.

Commentary on Academy Sports and Outdoors, Inc. Performance

Commentary is being prepared and will appear soon.

This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.

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Academy Sports & Outdoors, Inc.

ASO Income Statement

Income Statement Snapshot

Income Statement Snapshot

Commentary on Academy Sports and Outdoors, Inc. Performance

Commentary on Academy Sports and Outdoors, Inc. Performance