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Operates convenience stores with in-house-made pizza and prepared foods across the rural Midwest US, alongside fuel sales.
Operates convenience stores with in-house-made pizza and prepared foods across the rural Midwest US, alongside fuel sales.
Earns higher margins on prepared food and grocery than on fuel, which draws traffic; pizza is a signature item. It runs its own distribution center, and since buying CEFCO stores from Fikes Wholesale in 2024 it has stretched into Texas and nearby states.
Moat: narrow (scale, brand, distribution). Dense rural Midwest store network and a differentiated in-house food program build local loyalty other convenience chains lack.
Headquarters: Ankeny, Iowa, United States · Founded: 1968 · Employees: 49,848
Size Casey's (CASY) is a United States Consumer Staples company (Specialty Stores) with a market value of $25.4B, the 421st largest of 3,117 United States companies the cockpit tracks. Shares closed at $687.64 on 6 Nov 2026.
Performance Over six months the shares fell 20.0%, against +7.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +3.8%); the operating margin is 5.9% (peer median 11.5%).
Valuation It trades at 32.3× forward earnings against a peer median of 16.6× (most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.9 points above its cost of capital (7.6% WACC).
Short interest Short interest is 5.1% of the free float (15 Oct 2026).
Next results Next results expected around 14 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $18.7B | $17.6B | $15.9B | $14.9B | $15.1B |
| Revenue growth | — | +10% | +7% | -2% | — |
| Gross profit | $3.99B | $3.87B | $3.35B | $3.00B | $2.76B |
| EBITDA | $1.55B | $1.49B | $1.23B | $1.07B | $956M |
| Net income | $773M | $714M | $547M | $502M | $447M |
| Free cash flow | $649M | $722M | $579M | $371M | $401M |
| Capital expenditure | $740M | $656M | $506M | $522M | $477M |
| Total debt | $2.89B | $2.91B | $2.96B | $1.75B | $1.78B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Casey's CASY | $25.4B | -20% | +14% | 6% | 32.3× | 11.1% |
| Seven & I 3382.T | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% |
| Alimentation Couche-Tard ATD.TO | $54.5B | +5% | +12% | 6% | 18.3× | 1.3% |
| Murphy USA MUSA | $9.45B | -10% | +20% | 4% | 17.5× | -9.4% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CASY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +9.5% | 5th lowest of 21 |
| 6-month return | -20.0% | +7.0% | 2nd lowest of 21 |
| Distance from 52-week high | -25.9% | -12.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +13.8% | +3.8% | 3rd highest of 21 |
| Operating margin | 5.9% | 11.5% | 9th lowest of 21 |
| Forward P/E | 32.3× | 16.6× | most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 11.1% | -1.3% | 4th most demanding of 20 |
| Growth delivered (Del g) | +18.1% | +4.7% | highest of 20 |
| Hurdle (Req g minus delivered) | -7.0 pp | -5.7 pp | 10th least demanding of 20 |
| ROIC minus cost of capital | +5.9 pp | +4.8 pp | 9th highest of 21 |
| EV / EBITDA | 17.9× | 11.0× | 2nd most expensive of 16 |
| Net debt / EBITDA | 1.5× | 2.5× | 4th least indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Casey's CASY | United States | $25.4B | -20% | +14% | 6% | 32.3× | 11.1% | +18.1% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Dollar Tree DLTR | United States | $24.6B | +39% | -8% | 11% | 19.1× | 0.1% | -5.3% |
| Constellation Brands STZ | United States | $24.0B | -4% | -4% | 30% | 11.9× | -4.5% | +1.2% |
| US Foods USFD | United States | $23.1B | +26% | +4% | 3% | 20.8× | 11.7% | +11.5% |
| Kraft Heinz KHC | United States | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% | -1.0% |
| Dollar General DG | United States | $29.5B | +18% | +5% | 6% | 16.6× | 0.9% | +4.8% |
| Tyson Foods TSN | United States | $20.6B | -13% | +3% | 3% | 17.4× | 6.7% | +4.7% |
| Archer Daniels Midland ADM | United States | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% | +4.5% |
| Bunge Global BG | United States | $19.0B | -20% | +55% | 4% | 9.2× | n/a | n/a |
| General Mills GIS | United States | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% | +0.3% |
| Hershey Company (The) HSY | United States | $35.8B | -3% | +7% | 20% | 19.2× | -5.0% | +7.5% |
| Sysco SYY | United States | $37.8B | +7% | +4% | 4% | 14.9× | -0.4% | +10.5% |
| Performance Food PFGC | United States | $17.0B | +15% | +6% | 1% | 18.3× | 14.7% | +17.4% |
| Estée Lauder Companies (The) EL | United States | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% | -1.5% |
| Kroger KR | United States | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% | +2.2% |
| Ambev SA Sponsored ADR ABEV | United States | $43.2B | -15% | +4% | 23% | 14.5× | -5.5% | +6.9% |
| Brown–Forman BF-B | United States | $14.2B | +11% | 0% | 29% | 17.9× | -5.1% | +2.7% |
| J.M. Smucker Company (The) SJM | United States | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% | +2.5% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |