Academy Sports & Outdoors (ASO) Operating Margin (2019 - 2026)
Academy Sports & Outdoors (ASO) reported Operating Margin of 9.9% for Q1 2026, up 68.0% year-over-year from 5.89% in Q1 2025, and up 36.46% quarter-over-quarter from 7.26% in Q4 2025.
Academy Sports & Outdoors (ASO) Operating Margin (2019 - 2026) Analysis & Trends
Academy Sports & Outdoors (ASO) has 8 years of Operating Margin data on file, last reported at 9.9% in Q1 2026.
- Operating Margin for Q1 2026 came in at 9.9%, up 68.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 8.46% (down 62.0% YoY), and the FY2026 annual result was 8.46%, down 62.0% from the prior year.
- Operating Margin climbed to 9.9% in Q1 2026 per ASO's latest filing, from 7.26% in the prior quarter.
- Over five years, Operating Margin peaked at 15.22% in Q3 2022 and troughed at 5.13% in Q2 2025.
- A 5-year average of 10.38% and a median of 10.77% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 213 bps in 2022, then tumbled 488 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 12.02% in 2022, then dropped by 19 bps to 9.78% in 2023, then plunged by 30 bps to 6.81% in 2024, then climbed by 7 bps to 7.26% in 2025, then soared by 36 bps to 9.9% in 2026.
- Business Quant data shows ASO's Operating Margin at 9.9% in Q1 2026, 7.26% in Q4 2025, and 10.77% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 7.89% |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 20.27% |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 12.23% |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 2.96% |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 6.50% |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 4.14% |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 17.99% |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 4.26% |
| 10 | Academy Sports & Outdoors | 3.44 Bn | 3.11 Bn | 576.60 Mn | 9.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 9.90% |
| Nov 1, 2025 | 7.26% |
| Aug 2, 2025 | 10.77% |
| May 3, 2025 | 5.13% |
| Feb 1, 2025 | 9.23% |
| Nov 2, 2024 | 6.81% |
| Aug 3, 2024 | 12.27% |
| May 4, 2024 | 7.50% |
| Feb 3, 2024 | 11.36% |
| Oct 28, 2023 | 9.78% |
| Jul 29, 2023 | 13.33% |
| Apr 29, 2023 | 9.12% |
| Jan 28, 2023 | 11.73% |
| Oct 29, 2022 | 12.02% |
| Jul 30, 2022 | 15.22% |
| Apr 30, 2022 | 14.00% |
| Jan 29, 2022 | 10.96% |
| Oct 30, 2021 | 13.57% |
| Jul 31, 2021 | 14.21% |
| May 1, 2021 | 15.13% |