ASO vs. BOOT

Last updated Apr 1, 2026

Compare and contrast key facts about Academy Sports and Outdoors, Inc. (ASO) and Boot Barn Holdings, Inc. (BOOT).

Performance

ASO vs. BOOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Sports and Outdoors, Inc. (ASO) and Boot Barn Holdings, Inc. (BOOT). The values are adjusted to include any dividend payments, if applicable.

ASO vs. BOOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ASO Academy Sports and Outdoors, Inc.	13.31%	-12.23%	-12.18%	26.44%	20.55%	111.77%	59.58%
BOOT Boot Barn Holdings, Inc.	-17.06%	16.24%	97.79%	22.78%	-49.19%	183.79%	40.19%

Fundamentals

Market Cap ASO : $3.82B BOOT : $4.50B
EPS ASO : $5.55 BOOT : $7.12
PE Ratio ASO : 10.17 BOOT : 20.55
PS Ratio ASO : 0.63 BOOT : 2.07
PB Ratio ASO : 1.76 BOOT : 3.50
Total Revenue (TTM) ASO : $6.05B BOOT : $2.17B
Gross Profit (TTM) ASO : $2.11B BOOT : $831.18M
EBITDA (TTM) ASO : $512.18M BOOT : $347.67M

Returns By Period

In the year-to-date period, ASO achieves a 13.31% return, which is significantly higher than BOOT's -17.06% return.

ASO

• 1D: 4.02%
• 1M: -5.85%
• YTD: 13.31%
• 6M: 13.45%
• 1Y: 25.12%
• 3Y*: -3.88%
• 5Y*: 15.01%
• 10Y*: —

BOOT

• 1D: 4.59%
• 1M: -22.65%
• YTD: -17.06%
• 6M: -11.68%
• 1Y: 36.24%
• 3Y*: 24.07%
• 5Y*: 18.82%
• 10Y*: 31.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ASO vs. BOOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASO

ASO Risk / Return Rank: 59
ASO Sharpe Ratio Rank: 60
ASO Sortino Ratio Rank: 58
ASO Omega Ratio Rank: 56
ASO Calmar Ratio Rank: 61
ASO Martin Ratio Rank: 62

BOOT

BOOT Risk / Return Rank: 67
BOOT Sharpe Ratio Rank: 67
BOOT Sortino Ratio Rank: 66
BOOT Omega Ratio Rank: 62
BOOT Calmar Ratio Rank: 68
BOOT Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASO vs. BOOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Sports and Outdoors, Inc. (ASO) and Boot Barn Holdings, Inc. (BOOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ASO	BOOT	Difference
Sharpe ratio Return per unit of total volatility	0.47	0.72	-0.25
Sortino ratio Return per unit of downside risk	1.05	1.38	-0.33
Omega ratio Gain probability vs. loss probability	1.14	1.16	-0.03
Calmar ratio Return relative to maximum drawdown	0.84	1.24	-0.40
Martin ratio Return relative to average drawdown	2.01	4.03	-2.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASO vs. BOOT - Sharpe Ratio Comparison

The current ASO Sharpe Ratio is 0.47, which is lower than the BOOT Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of ASO and BOOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASO	BOOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.72	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.38	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.33	+0.34

Correlation

The correlation between ASO and BOOT is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ASO vs. BOOT - Dividend Comparison

ASO's dividend yield for the trailing twelve months is around 0.96%, while BOOT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
ASO Academy Sports and Outdoors, Inc.	0.96%	1.04%	0.76%	0.55%	0.57%
BOOT Boot Barn Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ASO vs. BOOT - Drawdown Comparison

The maximum ASO drawdown since its inception was -54.17%, smaller than the maximum BOOT drawdown of -83.73%. Use the drawdown chart below to compare losses from any high point for ASO and BOOT.

Drawdown Indicators

	ASO	BOOT	Difference
Max Drawdown Largest peak-to-trough decline	-54.17%	-83.73%	+29.56%
Max Drawdown (1Y) Largest decline over 1 year	-28.41%	-32.71%	+4.30%
Max Drawdown (5Y) Largest decline over 5 years	-54.17%	-60.62%	+6.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.88%	—
Current Drawdown Current decline from peak	-23.31%	-29.63%	+6.32%
Average Drawdown Average peak-to-trough decline	-19.00%	-32.48%	+13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.89%	10.05%	+1.84%

Volatility

ASO vs. BOOT - Volatility Comparison

Academy Sports and Outdoors, Inc. (ASO) has a higher volatility of 15.93% compared to Boot Barn Holdings, Inc. (BOOT) at 12.00%. This indicates that ASO's price experiences larger fluctuations and is considered to be riskier than BOOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASO	BOOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.93%	12.00%	+3.93%
Volatility (6M) Calculated over the trailing 6-month period	32.06%	29.98%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	53.21%	50.59%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.74%	49.75%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.17%	57.78%	-10.61%

Financials

ASO vs. BOOT - Profitability Comparison

The chart below illustrates the profitability comparison between Academy Sports and Outdoors, Inc. and Boot Barn Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ASO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Academy Sports and Outdoors, Inc. reported a gross profit of 576.60M and revenue of 1.72B. Therefore, the gross margin over that period was 33.6%.

BOOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Boot Barn Holdings, Inc. reported a gross profit of 281.24M and revenue of 705.64M. Therefore, the gross margin over that period was 39.9%.

ASO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Academy Sports and Outdoors, Inc. reported an operating income of 170.15M and revenue of 1.72B, resulting in an operating margin of 9.9%.

BOOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Boot Barn Holdings, Inc. reported an operating income of 114.78M and revenue of 705.64M, resulting in an operating margin of 16.3%.

ASO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Academy Sports and Outdoors, Inc. reported a net income of 133.69M and revenue of 1.72B, resulting in a net margin of 7.8%.

BOOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Boot Barn Holdings, Inc. reported a net income of 85.81M and revenue of 705.64M, resulting in a net margin of 12.2%.