Academy Sports and Outdoors, Inc.

ASONASDAQConsumer Cyclical● Active

$52.41

+$0.66(+1.27%)

Market Cap$3.4B

P/E Ratio—

52W High$62.445

52W Low$41.29

Avg Volume1.5M

Open$51.70

Beta1.03

Free Cash Flow Financials Revenue

Academy Sports and Outdoors, Inc. (ASO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ASO · free cash flow · updated Jun 8, 2026

Core FCF metrics

ASO · FCF · TTM · margin & CAGR

Free cash flow was $222.1M for FY2026 (fiscal year ending 2026-01-31), down 32.4% year-over-year The FCF margin was 3.7%. Five-year CAGR stands at -25.5%.

FY2026 Free Cash Flow$222.1M▼ -32.4% YoY

Trailing 12M (TTM)$222.0Mtrailing 4 quarters sum

FCF Margin3.7%$222.1M ÷ revenue

3-Year CAGR-20.6%FY2023 → FY2026

5-Year CAGR-25.5%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ASO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$434.8M(213M)$222.1M▼ 32.4%3.7%

FY2025$528.1M(200M)$328.5M▲ +0.3%—

FY2024$535.8M(208M)$327.5M▼ 26.1%—

FY2023$552.0M(109M)$443.2M▼ 25.8%—

FY2022$673.3M(76M)$597.2M▼ 38.4%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ASO · P/FCF · FCF yield · FCF per share

Academy Sports and Outdoors, Inc. (ASO) trades at a FCF yield of 6.65% and a price-to-free-cash-flow ratio of 15.7x. FCF per share stands at $3.33, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.65%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.33

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x19.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-31

Cash flow statement summary

ASO · cash flow statement · operating / investing / financing

For FY2026, Academy Sports and Outdoors, Inc. generated $434.8M in operating cash flow and spent 213M in capital expenditures, yielding $222.1M in free cash flow.

Operating Activities

+$434.8M

Cash from core business operations

2026-01-31

Investing Activities

−$172.0M

CapEx, acquisitions & investments

2026-01-31

Financing Activities

−$221.4M

Buybacks, dividends & debt

2026-01-31

FCF FormulaOperating CF ($434.8M) − |CapEx| (213M) = FCF ($222.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

ASO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Academy Sports and Outdoors, Inc.YOU

ASO

$222.1M-32.4%3.7%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Academy Sports and Outdoors, Inc. (ASO) reported free cash flow of $222.1M for FY2026 (fiscal year ending 2026-01-31), down 32.4% year-over-year. The FCF margin was 3.7%.

Based on available data, Academy Sports and Outdoors, Inc. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $970.3M in FY2021. The 5-year CAGR stands at -25.5%.

Academy Sports and Outdoors, Inc.'s FCF yield is 6.65% and price-to-FCF ratio is 15.7x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ASO free cash flow · 8 questions

Academy Sports and Outdoors, Inc. free cash flow was $222.1M for FY2026, down 32.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $222.0M.

ASO free cash flowASO FCFASO FCF 2026ASO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Academy Sports and Outdoors, Inc. · Academy Sports and Outdoors, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026