CASEYS GENERAL STORES INC
CASY· Nasdaq· Retail-Auto Dealers & Gasoline Stations
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 4.1%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +15.1%
We record prices for the companies we cover; CASY is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 37.3M
- Revenue
- $17.6B
- Free cash flow
- $721.6M
- Owner earnings
- $658.2M
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- –
- Operating
- –
- Net
- 4.1%
- Free cash flow
- 4.1%
- Owner earnings
- 3.7%
- Stock pay
- 0.4%
Returns
- ROIC, FY2026
- –
- ROIC, 5 yr avg
- –
- ROE, FY2026
- 18.1%
- ROE, 5 yr avg
- 16.5%
Growth (CAGR)
- Revenue, 3 yr
- 5.2%
- Revenue, 5 yr
- 15.1%
- Revenue, 9 yr
- 9.9%
- Diluted EPS, 3 yr
- 17.2%
- Diluted EPS, 5 yr
- 18.0%
- Diluted EPS, 9 yr
- 17.5%
- Free cash flow, 3 yr
- 21.2%
- Free cash flow, 5 yr
- 14.7%
- Free cash flow, 9 yr
- 44.7%
Financial health · FY2026
- Cash and investments
- $523.0M
- Total debt
- $2.4B
- Net debt
- $1.9B
- Debt/Equity
- 0.6x
- Debt/FCF
- 3.4x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- 11.6%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.0%
Financials: ten years from the 10-Ks
Revenue
$17.6B
+9.9% a year over 9 years
FY2017FY2026
Margins
Gross–Net4.1%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$721.6MOwner earnings$658.2M
Free cash flow +44.7% a year
FY2017FY2026
Diluted shares
37.3M
-5.8% over 9 years, net buybacks
FY2017FY2026
Net debt (below zero)
-$1.9B
$1.9B more debt than cash
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $7.5B | $8.4B | $9.4B | $9.2B | $8.7B | $13.0B | $15.1B | $14.9B | $15.9B | $17.6B |
| Revenue growth | 5.4% | 11.8% | 11.5% | -1.9% | -5.1% | 48.8% | 16.5% | -1.5% | 7.3% | 10.2% |
| Gross margin | 22.4% | 21.1% | 20.9% | 23.4% | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $177.5M | $317.9M | $203.9M | $263.8M | $312.9M | $339.8M | $446.7M | $502.0M | $546.5M | $714.4M |
| Net margin | 2.4% | 3.8% | 2.2% | 2.9% | 3.6% | 2.6% | 3.0% | 3.4% | 3.4% | 4.1% |
| Diluted EPS | $4.48 | $8.34 | $5.51 | $7.10 | $8.38 | $9.10 | $11.91 | $13.43 | $14.64 | $19.16 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $459.3M | $419.8M | $530.6M | $504.3M | $804.1M | $788.7M | $882.0M | $893.0M | $1.1B | $1.4B |
| Capital expenditure | $433.4M | $577.4M | $394.7M | $439.0M | $441.3M | $326.5M | $476.6M | $522.0M | $506.2M | $655.9M |
| Free cash flow | $25.9M | -$157.6M | $135.9M | $65.3M | $362.8M | $462.3M | $405.4M | $370.9M | $584.6M | $721.6M |
| Stock-based compensation | $10.7M | $18.8M | $16.4M | $18.1M | $32.0M | $38.0M | $47.0M | $41.4M | $47.7M | $63.4M |
| Owner earnings? | $15.2M | -$176.4M | $119.5M | $47.2M | $330.9M | $424.3M | $358.4M | $329.6M | $536.9M | $658.2M |
| Free cash flow per share | $0.65 | $-4.13 | $3.68 | $1.76 | $9.71 | $12.37 | $10.80 | $9.93 | $15.66 | $19.36 |
| Capital allocation | ||||||||||
| Dividends paid | $36.8M | $38.8M | $41.4M | $46.0M | $48.0M | $51.2M | $55.6M | $62.9M | $72.3M | $83.1M |
| Share repurchases | $47.9M | $214.7M | $37.5M | $0 | $0 | $0 | $0 | $104.9M | $734.0K | $200.5M |
| Diluted shares | 39.6M | 38.1M | 37.0M | 37.2M | 37.4M | 37.4M | 37.5M | 37.4M | 37.3M | 37.3M |
| Share count change? | 0.4% | -3.7% | -3.0% | 0.6% | 0.5% | 0.0% | 0.4% | -0.4% | -0.1% | -0.2% |
| Balance sheet | ||||||||||
| Cash and equivalents | $76.7M | $53.7M | $63.3M | $78.3M | $336.5M | $158.9M | $378.9M | $206.5M | $326.7M | $523.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $922.8M | $1.3B | $1.3B | $1.3B | $1.4B | $1.7B | $1.7B | $1.6B | $2.5B | $2.4B |
| Net debt | $846.1M | $1.3B | $1.2B | $1.2B | $1.0B | $1.5B | $1.3B | $1.4B | $2.2B | $1.9B |
| Shareholders' equity | $1.2B | $1.3B | $1.4B | $1.6B | $1.9B | $2.2B | $2.7B | $3.0B | $3.5B | $4.0B |
Latest filings
| 2026-09-08 | 8-K | Earnings release |
| 2026-09-08 | 10-Q | Quarterly report |
| 2026-07-22 | DEF 14A | Proxy statement |
| 2026-06-22 | 10-K | Annual report |
| 2026-06-09 | 8-K | Earnings release |
| 2026-03-09 | 8-K | Earnings release |
| 2026-03-09 | 10-Q | Quarterly report |
| 2025-12-09 | 8-K | Earnings release |
| 2025-12-09 | 10-Q | Quarterly report |
| 2025-09-08 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
