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← CockpitCompetitor Analysis › YSWY Yesway, Inc. Class AOpen in the cockpit ↗

Yesway, Inc. Class AYSWYCompetitor analysis, valuation and peers

United States · USD·Consumer Staples›Food Retail

Operates convenience stores and fuel centers, mainly across the central US Midwest.

Momentum strong 78
Mkt cap
$1.56B
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$6.17M
20-day average traded
Fwd P/E
21.2×
forward earnings
ROIC−WACC
-6.0 pp
WACC 6.0%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · USD$24.69
1D-1.6%
1W-0.3%
1M+18.1%
3M+16.0%
6M-4.2%
YTDn/a
1Yn/a
ATR %3.7%
52w lowhigh15.1% off high

What Yesway does

Operates convenience stores and fuel centers, mainly across the central US Midwest.

Like most convenience chains, it uses fuel to draw drivers in and relies on in-store sales of drinks, snacks and prepared food for the higher margins, while fuel earns a thinner per-gallon return. Many stores sit in small towns, and the company has grown largely by buying existing stores and chains.

Products and services

  • Convenience store merchandise
  • Fuel sales
  • Foodservice (prepared food)

Customers

  • Motorists/commuters
  • Local consumers

Where it sits in the supply chain

  • Consumer staples
  • Convenience store retail
  • Fuel and food/beverage retail

What could go right

  • Fuel margin/foodservice mix improvement
  • Acquisition-driven consolidation of independent stores

What could go wrong

  • Fuel margin volatility
  • EV adoption reducing fuel volume long-term

Moat: none (scale, distribution). Store network scale helps purchasing/logistics, but convenience retail is fragmented and price-competitive.

Headquarters: West Des Moines, Iowa, US · Employees: 5,662

Named competitors

Yesway at a glance

Size Yesway (YSWY) is a United States Consumer Staples company (Food Retail) with a market value of $1.56B, the 1966th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.69 on 6 Nov 2026.

Performance Over six months the shares fell 4.2%, against -4.8% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.

Valuation It trades at 21.2× forward earnings against a peer median of 15.9× (6th most expensive of 16).

Capital Return on invested capital runs 6.0 points below its cost of capital (6.0% WACC).

Short interest Short interest is 6.3% of the free float (15 Oct 2026).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 96YSWY 92
Six months, rebased to 100: Yesway against the median of its 20 peers (local-currency closes).

Yesway financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a$0$0$0$0
Revenue growth—————
Gross profitn/a$0$0$0$0
EBITDAn/a-$79,450-$1,130-$51,320-$970
Net incomen/a-$79,453-$1,128-$51,323-$968
Free cash flown/a-$79,450-$1,130-$51,320-$970
Capital expendituren/a$0$0$0$0
Total debt$952M$0$0$0n/a

Quarterly statements and history in the cockpit →

Yesway competitor charts

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.

Performance: 6-month against 1-month return

-20%-10%0%+10%0%+10%IMKTA8194002251282330GOARYN9948WMK6007299956590360082726596038663222417A605188OV8YSWY6-month return →1-month return →
Up and to the right = strong over both horizons. Yesway is the large dot.

Yesway competitors and peer comparison

Head to head with its named competitors (YSWY vs CASY vs MUSA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Yesway YSWY$1.56B-4%n/an/a21.2×n/a
Casey's CASY$25.4B-20%+14%6%32.3×11.1%
Murphy USA MUSA$9.45B-10%+20%4%17.5×-9.4%

How Yesway compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Yesway against its 20 peers (data as of 6 Nov 2026)
MeasureYSWYPeer medianRank in peer set
1-month return+18.1%+1.9%highest of 21
6-month return-4.2%-4.8%10th highest of 21
Distance from 52-week high-15.1%-14.4%10th lowest of 21
Forward P/E21.2×15.9×6th most expensive of 16
ROIC minus cost of capital-6.0 pp+2.1 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Yesway YSWYUnited States$1.56B-4%n/an/a21.2×n/an/a
Ingles Markets IMKTAUnited States$1.53B-5%+1%3%n/a-1.4%+3.0%
Life 8194.TJapan$1.43B+1%+3%3%12.1×-11.0%+3.0%
Better Life Commercial Chain Share 002251.SZChina$1.34B-19%+11%5%42.1×10.8%-23.1%
BGF Retail 282330.KSSouth Korea$1.82B+9%+5%3%10.8×-18.3%+7.9%
Grocery Outlet GOUnited States$1.29B+59%+5%4%21.6×4.4%+8.4%
Aryzta ARYN.SWSwitzerland$1.28B-26%-3%7%13.0×-6.6%+3.0%
Arcs 9948.TJapan$1.27B+5%+2%3%15.9×-10.6%+2.4%
Weis Markets WMKUnited States$1.92B+10%+4%2%n/a4.3%+3.8%
Chongqing Chongbai Technology 600729.SSChina$1.26B-9%-11%4%11.3×-10.4%-6.9%
Valor 9956.TJapan$1.25B-6%+9%3%8.8×-2.7%+4.8%
Taiwan FamilyMart 5903.TWOTaiwan$1.23B-4%+7%2%23.4×-2.4%+5.2%
Shanghai Bailian 600827.SSChina$1.99B-5%-9%-2%15.9×-3.5%-6.7%
San-a 2659.TJapan$1.22B-2%+6%7%16.4×-12.3%+3.9%
Fuji 8278.TJapan$1.11B-1%-1%1%n/a2.6%+20.9%
Toly Bread 603866.SSChina$1.01B-15%-2%8%24.1×0.5%-1.8%
Chengdu Hongqi Chain 002697.SZChina$1.01B-5%-1%5%14.3×-17.5%+1.1%
United Super Markets 3222.TJapan$999M-7%+11%0%n/a31.5%+5.6%
Blue Zones 417A.TJapan$2.56B+11%+12%4%15.8×-4.0%+9.9%
Jiangxi Guoguang Commercial Chains 605188.SSChina$908M-26%+3%1%n/a27.5%+4.6%
Sheng Siong OV8.SISingapore$2.77B-22%+10%10%21.6×-1.6%+2.4%

Questions

Who are Yesway's main competitors?
Named competitors: Casey's General Stores (CASY), Murphy USA (MUSA). The cockpit's measured peer set (industry) also includes Ingles Markets (IMKTA), Life (8194.T), Better Life Commercial Chain Share (002251.SZ), BGF Retail (282330.KS), Grocery Outlet (GO), Aryzta (ARYN.SW).
Is Yesway expensive compared with its peers?
On forward p/e it trades at 21.2× against a peer median of 15.9×, 6th most expensive of 16 in its peer set.
How has Yesway stock performed?
Over six months to 6 Nov 2026 the shares returned -4.2% against -4.8% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.