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CASY

Casey's General Stores, Inc.

CASY

Casey's General Stores, Inc. • NASDAQ
$570.46 ▼ -0.13% (-0.72)
Market Cap $21.21 B
52w High $573.76
52w Low $372.09
Dividend Yield 2.14%
P/E 36.64
Volume 84.77K
Outstanding Shares 37.18M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $4.567B ▲ $698.176M ▼ $215.355M ▲ 4.715% ▲ $5.8 ▲ $414.27M ▲
Q4-2025 $3.993B ▲ $770.446M ▼ $98.307M ▲ 2.462% ▲ $2.65 ▲ $263.017M ▲
Q3-2025 $3.904B ▼ $775.403M ▲ $87.097M ▼ 2.231% ▼ $2.35 ▼ $242.368M ▼
Q2-2025 $3.947B ▼ $706.271M ▲ $180.918M ▲ 4.584% ▲ $4.87 ▲ $348.88M ▲
Q1-2025 $4.098B $703.883M $180.198M 4.398% $4.86 $345.782M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $458.073M ▲ $8.371B ▼ $4.73B ▼ $3.641B ▲
Q4-2025 $326.662M ▼ $8.438B ▲ $4.929B ▲ $3.509B ▲
Q3-2025 $394.815M ▲ $8.22B ▲ $4.803B ▲ $3.417B ▲
Q2-2025 $351.723M ▲ $7.726B ▲ $4.388B ▲ $3.337B ▲
Q1-2025 $304.988M $6.496B $3.334B $3.163B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $215.355M ▲ $372.417M ▲ $-102.042M ▲ $-138.964M ▲ $131.411M ▲ $262.371M ▲
Q4-2025 $98.307M ▲ $333.858M ▲ $-204.131M ▲ $-197.88M ▼ $-68.153M ▲ $153.133M ▲
Q3-2025 $87.097M ▼ $204.939M ▼ $-1.277B ▼ $-45.275M ▼ $-1.117B ▼ $90.666M ▼
Q2-2025 $180.918M ▲ $270.703M ▼ $-133.858M ▼ $1.07B ▲ $1.207B ▲ $160.041M ▼
Q1-2025 $180.198M $281.354M $-111.989M $-70.859M $98.506M $180.79M

Revenue by Products

Product Q4-2018Q4-2019Q4-2020Q1-2026
Reportable Segment
Reportable Segment
 $0 ▲$0 ▲$0 ▲$4.57Bn ▲
Gasoline
Gasoline
 $1.32Bn ▲$1.35Bn ▲$1.00Bn ▼$0 ▼
Grocery And Other Merchandise
Grocery And Other Merchandise
 $510.00M ▲$560.00M ▲$570.00M ▲$0 ▼
Prepared Food And Fountain
Prepared Food And Fountain
 $240.00M ▲$250.00M ▲$230.00M ▼$0 ▼
Other Products And Services
Other Products And Services
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Casey’s income statement shows a business that has grown steadily while becoming more profitable. Sales have climbed strongly over the past five years, and profits have risen even faster, suggesting better mix, scale, and cost control. Higher-margin inside-store and prepared food sales appear to be playing a larger role, helping offset the volatility of fuel. The main risk is that food input costs, wages, and fuel spreads can swing, which could pressure margins if not carefully managed.

Balance Sheet

Balance Sheet The balance sheet reflects sizable growth and ongoing investment in the network of stores and distribution assets. Shareholders’ equity has increased meaningfully, indicating that profits are being retained and reinvested. Debt has stepped up in the most recent year, likely tied to expansion and acquisitions, so leverage is higher than in the past even though it still looks manageable. Cash on hand is modest, which is typical for this kind of retailer, but it does mean disciplined capital allocation and stable cash generation remain important.

Cash Flow

Cash Flow Casey’s generates solid and consistently rising cash from operations, which comfortably covers its capital spending. Free cash flow has remained positive even as the company spends heavily on new stores, remodels, and infrastructure, suggesting the core business is funding its own growth. Capital expenditures have trended higher, signaling a deliberate push to expand and upgrade the network rather than a need to simply maintain aging assets. The key watchpoint is whether future investments continue to earn strong returns, especially if economic conditions soften.

Competitive Edge

Competitive Edge The company’s competitive position is anchored in smaller and rural communities where it often faces fewer direct rivals, giving it local scale and strong brand recognition. Its prepared food business—especially pizza—differentiates it from typical convenience stores and even lets it compete with fast-food chains, which supports higher margins and customer loyalty. Vertical integration in distribution and a large store base create cost and availability advantages that can be hard for smaller players to match. Risks include intensifying competition from national convenience chains, quick-service restaurants, and evolving consumer preferences around food and fuel (including the gradual shift toward electric vehicles).

Innovation and R&D

Innovation and R&D Innovation at Casey’s is less about traditional R&D and more about improving offerings, operations, and customer engagement. The digital rewards program and mobile app deepen loyalty and provide data that can refine pricing, promotions, and product mix. The company is pushing private-label products, menu innovation in prepared foods, and selective new services like EV charging and car washes, all aimed at higher margins and future relevance. A large planned store expansion and ongoing “innovation” efforts in food and merchandising present attractive growth potential but also execution risk if new locations or product ideas underperform.

Summary

Overall, Casey’s looks like a steadily growing, cash-generative retailer that has turned a rural convenience-store model into a differentiated, food-led platform. Financial trends point to rising sales, improving profitability, and reinvestment at scale, supported by a stronger but more leveraged balance sheet. Its moat rests on geography, prepared foods, vertical integration, and increasingly on digital engagement and private labels. Key things to monitor are debt levels, returns on new store investments, resilience of prepared food demand, and how effectively the company adapts to changing fuel and transportation trends.

NEWS

November 19, 2025 · 9:00 AM UTC

Casey's and PEPSI® Team Up to Celebrate the Ultimate Duo: Pizza and Pepsi

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November 18, 2025 · 2:00 PM UTC

Casey's Announces Timing of Second Quarter Earnings Release and Conference Call

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November 17, 2025 · 9:00 AM UTC

Casey's and Dr Pepper® Kickoff Fansville $100,000 Tuition Giveaway

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November 5, 2025 · 9:00 AM UTC

Casey's Proudly Stands with Military Servicemembers, Invites Guests to Round-up in Support of America's Heroes and Their Families

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October 13, 2025 · 9:00 AM UTC

Casey's Annual Cash for Classroom Campaign Raises $1.3 Million

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