Casey's (CASY)
Consumer Staples · $21.4B market cap · SEC CIK 0000726958
fundamentals score out of 100
Next reports on Mar 8, 2027, with analysts expecting $4.04 in earnings per share.
The case for CASY
- Revenue growing 13.8% year over year.
- Earnings per share up 33.4%.
- A PEG of 0.83: a P/E of 27.7× is low for EPS growing 33%.
- Has compounded revenue at 15.1% a year over five years.
- Return on equity of 20%.
- Moves less than the market (beta 0.58).
The case against
- Value is weak (42/100): 27.7× earnings, 1.1× sales, 3.4% free-cash yield.
- The price trend is weak (28/100): +7.0% over a year, -30.5% over three months, 20% of the way up its 52-week range.
- Long-term debt of $2.3B against $465M of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 42 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 85 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 50 |
| Momentumhow the price has behaved lately | 28 |
| Stabilityhow violently it moves, what it owes and what it pays you | 43 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 27.7× |
|---|---|
| Price / book | 7.87× |
| Price / sales | 1.1× |
| Revenue growth (YoY) | +13.8% |
| EPS growth (YoY) | +33.4% |
| Gross margin | 24% |
| Operating margin | 6% |
| Net margin | 4% |
| Return on equity | 20% |
| Debt / equity | 0.59× |
| Current ratio | 1.02 |
| Dividend yield | 0.62% |
| Beta | 0.58 |
| 52-week range | $497.38 – $927.85 |
| Position in that range | 20% of the way up |
| 3-month return | -30.5% |
| 1-year return | +7.0% |
Five years of financials, as filed
Pulled from Casey's's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $17.6B | $15.9B | $14.9B | $15.1B | $13.0B |
| Net income | $714M | $547M | $502M | $447M | $340M |
| Operating cash flow | $1.4B | $1.1B | $893M | $882M | $789M |
| Capital expenditure | $656M | $506M | $522M | $477M | $326M |
| Total assets | $8.6B | $8.2B | $6.2B | $5.8B | $5.4B |
| Total liabilities | $4.7B | $4.8B | $3.3B | $3.2B | $3.2B |
| Shareholder equity | $3.9B | $3.4B | $2.9B | $2.6B | $2.2B |
| Cash | $465M | $395M | $178M | $413M | $187M |
| Long-term debt | $2.3B | $2.4B | $1.6B | $1.6B | $1.8B |
| Free cash flow | $722M | $585M | $371M | $405M | $462M |
| Net margin | 4.1% | 3.4% | 3.4% | 3.0% | 2.6% |
| Diluted shares | 37.3M | 37.3M | 37.4M | 37.5M | 37.4M |
Share count is essentially flat over 4 years.
What Casey's says it does
The Company As of April 30, 2026, Casey’s General Stores, Inc. and its direct and indirect wholly-owned subsidiaries operate convenience stores primarily under the names "Casey's" and "Casey’s General Store" (collectively, with the stores below referenced as "GoodStop (by Casey's)" or "CEFCO", referred to as "Casey's" or the "Company") throughout 19 states, approximately half of which are located in Iowa, Missouri and Illinois. As of April 30, 2026, there were 2,944 stores in operation. Approximately 71% of all stores were opened in areas with populations of fewer than 20,000 persons. The Company competes on the basis of traditional features of convenience store operations such as location, extended hours, product offerings, price and quality of service. All stores carry a broad selection of food items (which at most stores includes, but is not limited to, prepared foods such as regular and breakfast pizza, donuts, hot breakfast items,…
Risk factors CASY lists in its 10-K
- Risks Related to Our Business Operations
- We may be adversely impacted by increases in the cost of food ingredients and other related costs
- We could be adversely affected if we experience difficulties in, or are unable to recruit, hire or retain, members of our leadership team and other distribution, field and store Team Members
- Any failure to anticipate and respond to changes in consumer preferences, or to introduce and promote innovative technology for guest interaction, could adversely affect our financial results
- We rely on our information technology systems, and a number of third-party software and technology providers, to support numerous aspects of our business, and a disruption of these systems could adversely affect our business
- Increased credit card expenses could lead to higher operating expenses and other costs for the Company
- Our operations present hazards and risks which may not be fully covered by insurance, if insured
- The dangers inherent in the storage and transport of fuel could cause disruptions and could expose to us potentially significant losses, costs or liabilities
- Consumer or other litigation could adversely affect our financial condition and results of operations
- Covenants in our Senior Notes and credit facility agreements require us to comply with certain covenants and meet financial maintenance tests. Failure to comply with these requirements could have a material impact to us
- Risks Related to Governmental Actions, Regulations, and Oversight
- Compliance with and changes in tax laws could adversely affect our performance
- We are subject to extensive governmental regulations
- Governmental action and campaigns to discourage tobacco and nicotine use and other tobacco products may have a material adverse effect on our revenues and gross profit