Academy Sports & Outdoors
Through the investors’ lenses
3 of 4 cleared8 of 9 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 4/4
| Measure | ASO | Checked against | |
|---|---|---|---|
| Owner earnings | $286.97m | positive | ✓ |
| Return on equity | 17.4% | US median 2.8% | ✓ |
| Debt to equity | 0.22x | US median 0.57x | ✓ |
| Operating margin | 8.5% | US median 3.1% | ✓ |
Passes 4 of 4. These are the measures Warren Buffett published, applied to Academy Sports & Outdoors’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 1/2
| Measure | ASO | Checked against | |
|---|---|---|---|
| Current ratio | 1.89x | 2.00x published | ✗ |
| Long-term debt to working capital | 0.52x | 1.00x published | ✓ |
Passes 1 of 2. These are the measures Benjamin Graham published, applied to Academy Sports & Outdoors’s own figures — their criteria, not their view of this company. What he looks at, and why →
Joel Greenblatt 1/1
| Measure | ASO | Checked against | |
|---|---|---|---|
| Return on capital employed | 19.3% | US median 5.1% | ✓ |
Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Academy Sports & Outdoors’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 2/2
| Measure | ASO | Checked against | |
|---|---|---|---|
| Debt to equity | 0.22x | US median 0.57x | ✓ |
| Net margin | 6.2% | US median 2.0% | ✓ |
Passes 2 of 2. These are the measures Peter Lynch published, applied to Academy Sports & Outdoors’s own figures — their criteria, not their view of this company. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 2.3% | whyThe figure most screeners publish. |
| Operating cash flow | 8.0% | whyAbsorbs working-capital swings that earnings do not. |
| Free cash flow | 15.6% | whyAfter maintaining the business. |
Spread between highest and lowest: 13.3 percentage points. Same filings, different denominators.
Coverage rating 60 / 100 — Adequate. ? Peer standing 44/50Direction 10/30Stability 6/20
Free cash flow payout, last 4 years
| Fiscal year | Payout |
|---|---|
| 2026-01-31 | 15.6% |
| 2025-02-01 | 9.6% |
| 2024-02-03 | 8.3% |
| 2023-01-28 | 5.6% |
Coverage has deteriorated three years running, 5.6% to 15.6%. Still covered, but moving the wrong way.
87% of the 62 consumer discretionary here pay out more — comfortable for the sector.
The arithmetic
- GAAP earnings — dividends declared per share $0.130 ÷ diluted EPS $5.54
- Operating cash flow — dividends paid $34.7m ÷ operating cash flow $435m
- Free cash flow — dividends paid $34.7m ÷ (operating cash flow $435m − capex $213m)
Where the figures came from
- 10-K filed 2026-03-17 · accession 0001817358-26-000031
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- DPS $0.13 filed as declared, but dividends paid imply $0.51 — one of the two underlying facts is wrong. The filed per-share figure is used.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated adequate · when it files.
Who else looks like this
Every figure above is computed from Academy Sports & Outdoors’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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