ASO
Academy Sports and Outdoors, Inc.
ASO has a slight edge over LCID overall, supported by lower modeled downside.
LCID
Lucid Group, Inc.
LCID offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
ASO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
ASO's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
LCID Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
LCID's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
ASO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $39.11 | -42% |
| Fair | 8.2x | $48.95 | -27% |
| Expensive | 9.6x | $57.29 | -15% |
| Forward | 9.7x | $67.29 | — |
| Current | 11x | $67.29 | — |
Historical ranges are pointers, not guarantees.
ASO's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 9.7x next year's earnings.
LCID PE Valuation
LCID has no meaningful PE right now: it lost money over the past year.
ASO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect ASO's earnings to grow, with its revenue and profitability holding steady.
LCID Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect LCID's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
ASO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.94 | +16% |
| Q3 2026 | $5.98 | +12% |
| Q2 2026 | $5.66 | +4% |
| Q1 2026 | $5.54 | -4% |
| Q4 2025 | $5.47 | -10% |
| Q3 2025 | $5.34 | -18% |
| Q2 2025 | $5.44 | -17% |
| Q1 2025 | $5.77 | -14% |
| Q4 2024 | $6.09 | -6% |
ASO has the edge over LCID on earnings quality, reporting a profit while its opponent remains loss making.
LCID Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$13.08 | -$2.57 |
| Q2 2026 | -$13.65 | -$2.35 |
| Q1 2026 | -$13.15 | -$1.25 |
| Q4 2025 | -$12.09 | +$0.41 |
| Q3 2025 | -$10.51 | +$2.49 |
| Q2 2025 | -$11.30 | +$0.40 |
| Q1 2025 | -$11.90 | +$0.40 |
| Q4 2024 | -$12.50 | +$1.10 |
LCID is still losing money, but less than at its worst: $13.08 per share over the past year, against $16.50 at its worst in mid-2023.
ASO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +3% |
| Q2 2026 | $1.4B | +6.7% |
| Q1 2026 | $1.7B | +2.5% |
| Q4 2025 | $1.4B | +3% |
| Q3 2025 | $1.6B | +3.3% |
| Q2 2025 | $1.4B | -0.9% |
| Q1 2025 | $1.7B | -6.6% |
| Q4 2024 | $1.3B | -3.9% |
ASO's revenue grew through 2022 and has held roughly level since: $1.6B last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +4.2 points |
| Q2 2026 | 5.2% | 0 points |
| Q1 2026 | 9.9% | +0.7 points |
| Q4 2025 | 7.3% | +0.5 points |
| Q3 2025 | 11% | -1.5 points |
| Q2 2025 | 5.1% | -2.4 points |
| Q1 2025 | 9.2% | -2.1 points |
| Q4 2024 | 6.8% | -3 points |
ASO has the edge over LCID on profitability, with a higher operating margin.
LCID Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $350.3M | +4.1% |
| Q2 2026 | $405.3M | +56% |
| Q1 2026 | $282.5M | +20% |
| Q4 2025 | $522.7M | +123% |
| Q3 2025 | $336.6M | +68% |
| Q2 2025 | $259.4M | +29% |
| Q1 2025 | $235M | +36% |
| Q4 2024 | $234.5M | +49% |
LCID has the edge over ASO on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -245% | +35 points |
| Q2 2026 | -267% | +43 points |
| Q1 2026 | -350% | -56 points |
| Q4 2025 | -204% | +109 points |
| Q3 2025 | -280% | +105 points |
| Q2 2025 | -310% | +83 points |
| Q1 2025 | -294% | +128 points |
| Q4 2024 | -313% | +156 points |
LCID's operating margin was −245% last quarter, up 35 points from the same quarter a year ago, near the top of its range since 2020.
ASO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $116.1M | +432% |
| Q2 2026 | $121.7M | +14% |
| Q1 2026 | $107.2M | +40% |
| Q4 2025 | -$13.6M | -139% |
| Q3 2025 | $21.8M | -56% |
| Q2 2025 | $106.6M | -36% |
| Q1 2025 | $76.4M | -57% |
| Q4 2024 | $34.4M | +126% |
ASO has the edge over LCID on cash generation, producing positive trailing cash flow while its opponent burns cash.
LCID Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1B | -$84.2M |
| Q2 2026 | -$1.5B | -$463.2M |
| Q1 2026 | -$1.4B | -$849M |
| Q4 2025 | -$1.2B | -$417.1M |
| Q3 2025 | -$955.5M | -$333M |
| Q2 2025 | -$1B | -$271.6M |
| Q1 2025 | -$589.9M | +$125.1M |
| Q4 2024 | -$824.8M | -$77.6M |
LCID has burned cash in almost every quarter: −$5.2B over the past year, against −$3.4B the year before.
ASO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.6% | -2.4M shares |
| 1 year | -6.1% | -4.1M shares |
| 3 years | -19% | -14.5M shares |
| 5 years | -34% | -32.3M shares |
| Available history | -19% | -15M shares |
ASO has the edge over LCID on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $82.1M |
| Q2 2026 | $98.4M |
| Q1 2026 | $99.9M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $99M |
| Q1 2025 | $91.1M |
| Q4 2024 | $53.4M |
ASO spent $280M buying back its own shares over the past year, up 15% from the year before.
LCID Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.3% | +12.5M shares |
| 1 year | +26% | +82.4M shares |
| 3 years | +73% | +166M shares |
LCID has 395M diluted shares, up 26% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | $2.2M |
| Q1 2020 | — |
ASO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
ASO's net debt is less than a year of its operating earnings (EBITDA).
LCID Net Leverage
LCID's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ASO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.7 | Neutral |
| Stochastic | 88.0 | Overbought |
ASO's weekly RSI is 69 (neutral) and its Stochastic is 88 (overbought).
LCID Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.9 | Neutral |
| Stochastic | 7.1 | Oversold |
LCID's weekly RSI is 33 (neutral) and its Stochastic is 7 (oversold).
ASO PE vs Consumer Cyclical Sector
| Metric | ASO | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 18x | 38% below |
| PE % | 99 | 48 | 51 pts above |
ASO is trading at 11x earnings, a 38% discount to the Consumer Cyclical sector's median of 18x.
LCID PE vs Consumer Cyclical Sector
LCID has no meaningful PE right now: it lost money over the past year.
ASO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $58.0 | 16% above |
| 20 week MA | $51.7 | 30% above |
| 50 week MA | $53.6 | 26% above |
| 100 week MA | $50.9 | 32% above |
| 200 week MA | $53.7 | 25% above |
ASO has the edge over LCID on trend strength, trading above more of its moving averages.
LCID Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.53 | 7.9% below |
| 20 week MA | $4.88 | 33% below |
| 50 week MA | $7.33 | 56% below |
| 100 week MA | $15.4 | 79% below |
| 200 week MA | $31.9 | 90% below |
LCID is in a downtrend: it's below all five of its weekly moving averages, and 90% below its 200-week average.
ASO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.0 | $20.1 | +55% |
| 2021 | $20.1 | $40.1 | +99% |
| 2022 | $40.1 | $51.4 | +28% |
| 2023 | $51.4 | $66.0 | +28% |
| 2024 | $66.0 | $60.1 | -9% |
| 2025 | $60.1 | $50.9 | -15% |
| 2026 YTD | $50.9 | $67.3 | +32% |
ASO has the edge over LCID on returns for 2026, with the stronger performance.
LCID Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $98.9 | $100.4 | +1.5% |
| 2021 | $100.4 | $376.4 | +275% |
| 2022 | $376.4 | $67.0 | -82% |
| 2023 | $67.0 | $42.1 | -37% |
| 2024 | $42.1 | $32.0 | -24% |
| 2025 | $32.0 | $11.4 | -64% |
| 2026 YTD | $11.4 | $3.25 | -72% |
LCID has finished four years in a row lower, and it's down 72% so far in 2026.