Academy Sports & Outdoors vs Five Below
Academy Sports & Outdoors is the larger business, with $6.05bn of revenue in fiscal 2026 against $4.76bn for Five Below (1.3 times as much). Five Below grew faster (22.9% against 2.0%). Five Below kept more of each dollar of sales as profit: a net margin of 7.5% against 6.2%.
| Latest fiscal year | Academy Sports & OutdoorsASO, 2026 | Five BelowFIVE, 2026 |
|---|---|---|
| Revenue | $6.05bn | $4.76bn |
| Revenue growth | 2.0% | 22.9% |
| Net income | $377m | $359m |
| Operating margin | — | 9.6% |
| Net margin | 6.2% | 7.5% |
| Return on equity | 18.0% | 17.9% |
| Free cash flow | $222m | $412m |
| Cash | $330m | $724m |
| Total debt | $484m | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | 0.9% | — |
| Share buybacks | $199m | $0 |
| Employees | 23,000 | — |
| Market value | $3.78bn | $13.06bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 66 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 11 sales | 1 buys, 51 sales |