Academy Sports & Outdoors vs Bath & Body Works
Bath & Body Works is the larger business, with $7.29bn of revenue in fiscal 2026 against $6.05bn for Academy Sports & Outdoors (1.2 times as much). Academy Sports & Outdoors grew faster (2.0% against -0.2%). Bath & Body Works kept more of each dollar of sales as profit: a net margin of 8.9% against 6.2%.
| Latest fiscal year | Academy Sports & OutdoorsASO, 2026 | Bath & Body WorksBBWI, 2026 |
|---|---|---|
| Revenue | $6.05bn | $7.29bn |
| Revenue growth | 2.0% | -0.2% |
| Net income | $377m | $649m |
| Operating margin | — | 15.4% |
| Net margin | 6.2% | 8.9% |
| Return on equity | 18.0% | — |
| Free cash flow | $222m | $865m |
| Cash | $330m | $953m |
| Total debt | $484m | $3.89bn |
| Debt to equity | — | — |
| Dividend per share | — | $0.80 |
| Dividend yield | 0.9% | 3.5% |
| Share buybacks | $199m | $401m |
| Employees | 23,000 | — |
| Market value | $3.78bn | $4.58bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 66 (Moderate) | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 11 sales | 6 buys, 0 sales |