Academy Sports and OutdoorsASO -5.58%80 Gross Margin % is 33.24% as of Apr. 2026, which is 2% below its 10-year median of 33.90. GuruFocus rates ASO with a GF Score™ of 80/100 and a GF Value™ of $59.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,117 Retail - Cyclical companies, Academy Sports and Outdoors ranks worse than 53.18% on this metric.
Academy Sports and Outdoors (NAS:ASO) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Academy Sports and Outdoors had a gross margin of 33.24% for the quarter that ended in Apr. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Academy Sports and Outdoors Gross Margin % Related Terms
Academy Sports and Outdoors Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Retail subindustry, Academy Sports and Outdoors's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Academy Sports and Outdoors Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Academy Sports and Outdoors (ASO) has a Gross Margin % of 33.24% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Academy Sports and Outdoors and its competitors. This is near median its historical median of 33.90. Over the past decade, Academy Sports and Outdoors' Gross Margin % has ranged from 28.59 to 34.78. According to the industry distribution chart, Academy Sports and Outdoors ranks #594 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 53.2%.
Is Academy Sports and Outdoors' Gross Margin % too high?
Academy Sports and Outdoors' current Gross Margin % of 33.24% is near median its 10-year median of 33.90. Over the past 10 years, this metric has ranged from a low of 28.59 to a high of 34.78. The Retail - Cyclical industry median Gross Margin % is 36.23. Academy Sports and Outdoors' value of 33.24% is 8.3% below this industry median. Based on the distribution chart, Academy Sports and Outdoors ranks #594 out of 1117 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Academy Sports and Outdoors has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Academy Sports and Outdoors' Gross Margin % compare to MNSO and RH?
According to the Retail - Cyclical industry distribution chart, Academy Sports and Outdoors ranks #594 out of 1117 companies for Gross Margin %. This places Academy Sports and Outdoors in the lower half of its industry. The industry median Gross Margin % is 36.23. Academy Sports and Outdoors' value of 33.24% is 8.3% below this benchmark. Historically, Academy Sports and Outdoors' own Gross Margin % has ranged from 28.59 to 34.78 over the past decade. While the company's 10-year median is 33.90 vs. the industry median of 36.23, Academy Sports and Outdoors has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.23, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Academy Sports and Outdoors's current Gross Margin % of 33.24% is 8.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Academy Sports and Outdoors and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Academy Sports and Outdoors's current Gross Margin % is 33.24%, which is near median its own 10-year median of 33.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Academy Sports and Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Academy Sports and Outdoors (ASO) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.39, compared to a current price of $48.36 — trading 18.6% below its estimated fair value. The current Gross Margin % is 33.24%, which is near median its 10-year median of 33.90 and 8.3% below the Retail - Cyclical industry median of 36.23. Academy Sports and Outdoors' overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Academy Sports and Outdoors (ASO), the current Gross Margin % is 33.24% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Academy Sports and Outdoors (ASO) Overvalued in 2026?
Based on GuruFocus' analysis, Academy Sports and Outdoors stock appears to be undervalued.
The current stock price of $48.36 is trading 18.6% below its estimated GF Value™ of $59.39.
GuruFocus considers Academy Sports and Outdoors to be Modestly Undervalued.
Key valuation signals for ASO:
Gross Margin %: 33.24% (near median its 10-year median of 33.90)
GF Value™: $59.39 vs. price of $48.36 (18.6% below fair value)
Industry Position: 8.3% below the Retail - Cyclical median (#594 of 1117)
No single metric tells the full story. See the ASO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.
80GF Score
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