The Filing Desk

Academy Sports + Outdoors vs MarineMax

Academy Sports + Outdoors ASO · MarineMax HZO · Specialty Stores

Academy Sports + Outdoors reported revenue of $6.1 billion in fiscal 2025, 2.6 times MarineMax's $2.3 billion in fiscal 2025. Academy Sports + Outdoors' revenue grew 2.0% in its latest year, and MarineMax's fell 5.0%. Academy Sports + Outdoors had an operating margin of 8.5%, against 1.5% at MarineMax. Free cash flow was $222 million at Academy Sports + Outdoors and $12 million at MarineMax. Their fiscal years end in different months (January 31 and September 30), so the periods don't line up exactly.

Side by side

Academy Sports + OutdoorsMarineMax
Latest fiscal yearFY2025, Jan 31, 2026FY2025, Sep 30, 2025
Revenue$6.1B$2.3B
Revenue growth2.0%−5.0%
Revenue growth a year, last 5 years1.2%8.9%
Gross margin34.8%32.5%
Operating margin8.5%1.5%
Net margin6.2%−1.4%
Free cash flow$222M$12M
Free cash flow margin3.7%0.5%
Return on capital17.6%1.4%
Net debt to EBITDA0.2x11.3x
Dividends and buybacks$234M$28M
Change in diluted share count−6.9%−4.2%
Last close$59.61$52.45
P/E at the last close10.0×—
Insider trades, last 12 monthssold $7.0 million—
Piotroski F-score7 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Academy Sports + OutdoorsMarineMax
Operating margin
Percent of revenue
Academy Sports + OutdoorsMarineMax
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Academy Sports + OutdoorsMarineMax

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Academy Sports + Outdoors and MarineMax pages.