CrossAmerica Partners LP (CAPL) 10-Year Financial Performance & Capital Metrics

CAPL • • Industrial / General

EnergyOil Refining & MarketingFuel Distribution & RetailFuel Wholesalers & Distributors

AboutCrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites. The Retail segment is involved in the sale of convenience merchandise items; and retail sale of motor fuels at company operated retail sites and retail sites operated by commission agents. As of December 31, 2021, the company distributed motor fuel on a wholesale basis to approximately 1,750 sites located in 34 states; and owned or leased approximately 1,150 sites. CrossAmerica GP LLC operates as the general partner of the company. The company was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October 2014. The company was founded in 1992 and is based in Allentown, Pennsylvania.Show more

Revenue $4.1B -6.6%
EBITDA $147M -11.3%
Net Income $20M -50.4%
EPS (Diluted) 0.52 -50.5%
Gross Margin 9.72% +11.5%
EBITDA Margin 3.58% -5.1%
Operating Margin 1.72% -14.3%
Net Margin 0.49% -46.9%
ROE 666.62% +813.3%
ROIC 5.83% -14.3%
Debt/Equity -
Interest Coverage 1.35 -33.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 277.0%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.8%
✓Efficient asset utilization: 3.7x turnover

✗Weaknesses

✗Dividend payout exceeds 100% of earnings
✗Thin 5Y average net margin of 1.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.38%

5Y13.78%

3Y4.62%

TTM-10.27%

Profit (Net Income) CAGR

10Y-

5Y1.93%

3Y-2.79%

TTM135.94%

EPS CAGR

10Y-

5Y0%

3Y-3.01%

TTM155.32%

ROCE

10Y Avg6.18%

5Y Avg8.09%

3Y Avg8.01%

Latest7.15%

Peer Comparison

Fuel Wholesalers & Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CAPLCrossAmerica Partners LP	819.97M	21.51	41.37	-6.57%	1.21%	6.67%	7.5%
SUNSunoco LP	7.87B	57.60	9.60	-1.63%	1.84%	7.26%	2.61%	1.97

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.21B	1.87B	2.09B	2.45B	2.15B	1.93B	3.58B	4.97B	4.39B	4.1B
Revenue Growth %	-0.17%	-0.16%	0.12%	0.17%	-0.12%	-0.1%	0.85%	0.39%	-0.12%	-0.07%
Cost of Goods Sold+	2.06B	1.71B	1.93B	2.27B	1.99B	1.72B	3.3B	4.59B	4B	3.7B
COGS % of Revenue	0.93%	0.92%	0.92%	0.93%	0.93%	0.89%	0.92%	0.92%	0.91%	0.9%
Gross Profit+	157.52M	155.57M	160.77M	172.79M	154.64M	212.13M	276.95M	375.77M	382.27M	398.32M
Gross Margin %	0.07%	0.08%	0.08%	0.07%	0.07%	0.11%	0.08%	0.08%	0.09%	0.1%
Gross Profit Growth %	0.2%	-0.01%	0.03%	0.07%	-0.11%	0.37%	0.31%	0.36%	0.02%	0.04%
Operating Expenses+	144.75M	139.64M	146.65M	146.43M	111.31M	96.53M	240.82M	279.76M	294.2M	327.76M
OpEx % of Revenue	0.07%	0.07%	0.07%	0.06%	0.05%	0.05%	0.07%	0.06%	0.07%	0.08%
Selling, General & Admin	108.47M	85.23M	82.08M	17.97M	16.85M	20.99M	44.46M	40.83M	42.49M	46.2M
SG&A % of Revenue	0.05%	0.05%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	396K	848K	439K	373K	94.47M	75.54M	196.36M	238.94M	251.71M	281.56M
Operating Income+	26.02M	32.17M	32.42M	35.01M	43.32M	115.59M	36.13M	96.01M	88.07M	70.56M
Operating Margin %	0.01%	0.02%	0.02%	0.01%	0.02%	0.06%	0.01%	0.02%	0.02%	0.02%
Operating Income Growth %	2.01%	0.24%	0.01%	0.08%	0.24%	1.67%	-0.69%	1.66%	-0.08%	-0.2%
EBITDA+	74.24M	86.78M	89.96M	101.54M	98.35M	184.33M	113.98M	176.63M	165.23M	146.54M
EBITDA Margin %	0.03%	0.05%	0.04%	0.04%	0.05%	0.1%	0.03%	0.04%	0.04%	0.04%
EBITDA Growth %	0.78%	0.17%	0.04%	0.13%	-0.03%	0.87%	-0.38%	0.55%	-0.06%	-0.11%
D&A (Non-Cash Add-back)	48.23M	54.61M	57.54M	66.53M	55.03M	68.74M	77.85M	80.63M	77.16M	75.98M
EBIT	26.41M	33.02M	32.86M	35.38M	43.85M	116.09M	36.67M	96.51M	88.86M	71.34M
Net Interest Income+	-18.49M	-22.76M	-27.92M	-32.87M	-27M	-16.59M	-18.24M	-32.1M	-43.74M	-52.32M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	18.49M	22.76M	27.92M	32.87M	27M	16.59M	18.24M	32.1M	43.74M	52.32M
Other Income/Expense	-18.1M	-21.91M	-27.48M	-32.5M	-26.48M	-16.08M	-17.7M	-31.6M	-42.95M	-51.54M
Pretax Income+	7.92M	10.26M	4.94M	2.51M	16.85M	99.51M	18.43M	64.41M	45.12M	19.02M
Pretax Margin %	0%	0.01%	0%	0%	0.01%	0.05%	0.01%	0.01%	0.01%	0%
Income Tax+	-3.54M	-453K	-18.24M	-2.73M	-1.23M	-7.95M	-3.23M	714K	2.52M	-3.43M
Effective Tax Rate %	1.44%	1.04%	4.69%	2.09%	1.07%	1.08%	1.17%	0.96%	0.89%	1.05%
Net Income+	11.44M	10.7M	23.16M	5.25M	18.08M	107.46M	21.65M	61.97M	40.1M	19.89M
Net Margin %	0.01%	0.01%	0.01%	0%	0.01%	0.06%	0.01%	0.01%	0.01%	0%
Net Income Growth %	2.86%	-0.06%	1.16%	-0.77%	2.44%	4.94%	-0.8%	1.86%	-0.35%	-0.5%
Net Income (Continuing)	11.46M	10.71M	23.18M	5.25M	18.08M	107.46M	21.65M	63.7M	42.59M	22.45M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-135K	-233K	-318K	0	0	0	0	0	27.74M	0
EPS (Diluted)+	0.35	0.22	0.56	0.15	0.52	2.87	0.57	1.63	1.05	0.52
EPS Growth %	2.13%	-0.37%	1.55%	-0.73%	2.47%	4.52%	-0.8%	1.86%	-0.36%	-0.5%
EPS (Basic)	0.35	0.22	0.56	0.15	0.52	2.87	0.57	1.63	1.06	0.52
Diluted Shares Outstanding	29.09M	33.37M	33.86M	34.35M	34.45M	37.37M	37.88M	38.06M	38.12M	38.17M
Basic Shares Outstanding	28.99M	33.31M	33.84M	34.35M	34.45M	37.37M	37.88M	37.92M	37.96M	38.03M
Dividend Payout Ratio	5.64%	7.47%	3.62%	14.39%	4%	0.73%	3.67%	1.28%	1.99%	4.01%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	49.77M	65.41M	80.51M	50.86M	69.39M	74.82M	106.31M	118.41M	108.52M	118.83M
Cash & Short-Term Investments	1.19M	1.35M	3.9M	3.19M	1.78M	513K	7.65M	16.05M	4.99M	3.38M
Cash Only	1.19M	1.35M	3.9M	3.19M	1.78M	513K	7.65M	16.05M	4.99M	3.38M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	32.96M	42.23M	42.25M	25.86M	44.45M	30.75M	34.98M	35.67M	31.62M	33.04M
Days Sales Outstanding	5.43	8.24	7.36	3.86	7.55	5.81	3.57	2.62	2.63	2.94
Inventory	15.74M	13.16M	15.12M	14.08M	6.23M	23.25M	46.1M	47.31M	52.34M	63.17M
Days Inventory Outstanding	2.79	2.8	2.85	2.26	1.14	4.93	5.1	3.76	4.77	6.23
Other Current Assets	8.23M	8.67M	19.24M	7.73M	16.93M	20.3M	17.59M	19.38M	19.57M	19.24M
Total Non-Current Assets+	803.33M	866.58M	866.73M	816.06M	887.37M	1.01B	1.23B	1.14B	1.07B	995.89M
Property, Plant & Equipment	628.56M	677.33M	681M	647.41M	686.68M	738.72M	924.79M	893.32M	853.53M	792.73M
Fixed Asset Turnover	3.52x	2.76x	3.08x	3.78x	3.13x	2.62x	3.87x	5.56x	5.14x	5.17x
Goodwill	80.82M	89.11M	89.11M	88.76M	88.76M	88.76M	100.46M	99.41M	99.41M	99.41M
Intangible Assets	82.31M	80.76M	76.06M	59.06M	45M	92.91M	114.19M	113.92M	95.26M	77.24M
Long-Term Investments	800K	3.5M	3.2M	2.8M	0	0	0	3.4M	687K	5.13M
Other Non-Current Assets	11.63M	19.38M	-6.94M	20.82M	21.32M	19.13M	24.39M	26.14M	23.51M	20.38M
Total Assets+	853.09M	931.99M	947.24M	866.92M	956.75M	1.08B	1.34B	1.26B	1.18B	1.11B
Asset Turnover	2.60x	2.01x	2.21x	2.82x	2.25x	1.79x	2.67x	3.95x	3.71x	3.68x
Asset Growth %	0.41%	0.09%	0.02%	-0.08%	0.1%	0.13%	0.24%	-0.06%	-0.06%	-0.06%
Total Current Liabilities+	67.46M	75.13M	93.47M	88.45M	112.64M	146.95M	163.89M	175.3M	161.1M	162.85M
Accounts Payable	32.58M	34.9M	42.79M	36.93M	57.82M	69.36M	74.85M	84.85M	68.99M	81.72M
Days Payables Outstanding	5.78	7.43	8.08	5.93	10.58	14.72	8.27	6.74	6.29	8.06
Short-Term Debt	7.61M	2.1M	2.92M	2.3M	25.96M	34.59M	45.77M	46.5M	0	38.33M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	-12.73M	2.21M	2.87M	4.63M	28.77M	43M	43.27M	42.33M	45.92M	39.9M
Current Ratio	0.74x	0.87x	0.86x	0.58x	0.62x	0.51x	0.65x	0.68x	0.67x	0.73x
Quick Ratio	0.50x	0.70x	0.70x	0.42x	0.56x	0.35x	0.37x	0.41x	0.35x	0.34x
Cash Conversion Cycle	2.44	3.61	2.14	0.19	-1.89	-3.97	0.39	-0.36	1.11	1.11
Total Non-Current Liabilities+	516.78M	636.04M	682.74M	667.54M	765.72M	825.38M	1.12B	1B	989.84M	976.66M
Long-Term Debt	403.71M	465.12M	529.15M	519.28M	499.27M	485.85M	793.83M	750.57M	745.9M	759.26M
Capital Lease Obligations	26.92M	77.41M	76.45M	22.63M	135.65M	182.83M	156.96M	146.28M	126.7M	110.97M
Deferred Tax Liabilities	43.61M	42.92M	24.07M	19.93M	64.97M	82.67M	81.49M	13.37M	12.92M	7.42M
Other Non-Current Liabilities	42.54M	50.59M	53.08M	105.7M	65.83M	74.03M	86.57M	92.72M	104.31M	99.01M
Total Liabilities	584.24M	711.18M	776.22M	755.99M	878.36M	972.33M	1.28B	1.18B	1.15B	1.14B
Total Debt+	438.97M	545.49M	609.53M	596.88M	660.87M	703.27M	996.55M	943.35M	910.47M	908.56M
Net Debt	437.78M	544.14M	605.63M	593.69M	659.09M	702.75M	988.91M	927.3M	905.48M	905.18M
Debt / Equity	1.63x	2.47x	3.57x	5.38x	8.43x	6.41x	17.62x	11.92x	29.61x	-
Debt / EBITDA	5.91x	6.29x	6.78x	5.88x	6.72x	3.82x	8.74x	5.34x	5.51x	6.20x
Net Debt / EBITDA	5.90x	6.27x	6.73x	5.85x	6.70x	3.81x	8.68x	5.25x	5.48x	6.18x
Interest Coverage	1.41x	1.41x	1.16x	1.07x	1.60x	6.97x	1.98x	2.99x	2.01x	1.35x
Total Equity+	268.72M	220.58M	170.7M	110.93M	78.4M	109.67M	56.56M	79.13M	30.75M	-24.78M
Equity Growth %	0.41%	-0.18%	-0.23%	-0.35%	-0.29%	0.4%	-0.48%	0.4%	-0.61%	-1.81%
Book Value per Share	9.24	6.61	5.04	3.23	2.28	2.93	1.49	2.08	0.81	-0.65
Total Shareholders' Equity	268.86M	220.81M	171.02M	110.93M	78.4M	109.67M	56.56M	79.13M	3.01M	-24.78M
Common Stock	268.99M	221.04M	171.34M	110.93M	78.4M	112.12M	53.53M	36.51M	0	-61.37M
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-94.39M	-131.42M	-164.57M	-193.73M	0	-2.46M	3.03M	16.47M	5.4M	7.59M
Minority Interest	-135K	-233K	-318K	0	0	0	0	0	27.74M	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	64.49M	79.44M	88.96M	89.75M	72.33M	104.48M	95.47M	161.32M	117.08M	87.78M
Operating CF Margin %	0.03%	0.04%	0.04%	0.04%	0.03%	0.05%	0.03%	0.03%	0.03%	0.02%
Operating CF Growth %	1.26%	0.23%	0.12%	0.01%	-0.19%	0.44%	-0.09%	0.69%	-0.27%	-0.25%
Net Income	11.46M	10.71M	23.18M	5.25M	18.08M	107.46M	21.65M	63.7M	42.59M	22.45M
Depreciation & Amortization	48.23M	54.41M	57.47M	66.55M	55.03M	68.74M	77.85M	80.63M	77.16M	75.98M
Stock-Based Compensation	5.12M	3.93M	1.93M	481K	1.25M	172K	1.31M	2.29M	3.03M	1.51M
Deferred Taxes	-6.12M	-686K	-18.85M	-4.26M	3.57M	-4.44M	-3.76M	-1.75M	1.57M	-6.15M
Other Non-Cash Items	8.56M	14.04M	11.68M	11.72M	3.04M	-86.66M	78K	1.88M	-1.41M	-2.87M
Working Capital Changes	-2.77M	-2.97M	13.56M	10.02M	-8.63M	19.21M	-1.67M	14.58M	-5.86M	-3.14M
Change in Receivables	10.96M	-8.16M	597K	16.79M	-12.95M	10.87M	-5.55M	1.25M	430K	-837K
Change in Inventory	9.86M	4.96M	863K	362K	7.24M	-777K	-10.31M	-873K	0	-2.67M
Change in Payables	-12.34M	281K	15.66M	-5.01M	-519K	11.08M	4.73M	9.23M	-6.43M	-1.73M
Cash from Investing+	-311.52M	-96.91M	-60.11M	-6.78M	-15.51M	-19.55M	-298.69M	-46.4M	-28.18M	-16.31M
Capital Expenditures	-1.32M	-20.78M	-12.49M	-13.72M	-24.61M	-37.06M	-41.86M	-30.35M	-34.63M	-26.32M
CapEx % of Revenue	0%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.37M	21M	28M	7.42M	9.1M	45.75M	16.15M	13.55M	6.45M	10.01M
Cash from Financing+	233.05M	17.62M	-26.3M	-83.68M	-58.23M	-86.2M	210.36M	-106.51M	-99.97M	-73.08M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-64.57M	-80.01M	-83.76M	-75.56M	-72.34M	-77.92M	-79.55M	-79.63M	-79.71M	-79.85M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	937K	-4.24M	-4.14M	3.77M	-4.59M	-173K	-7.34M	-676K	-8.25M	-1.65M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	63.17M	58.66M	76.47M	76.03M	47.72M	67.43M	53.61M	130.97M	82.45M	61.46M
FCF Margin %	0.03%	0.03%	0.04%	0.03%	0.02%	0.03%	0.01%	0.03%	0.02%	0.01%
FCF Growth %	3.34%	-0.07%	0.3%	-0.01%	-0.37%	0.41%	-0.2%	1.44%	-0.37%	-0.25%
FCF per Share	2.17	1.76	2.26	2.21	1.38	1.80	1.42	3.44	2.16	1.61
FCF Conversion (FCF/Net Income)	5.64x	7.42x	3.84x	17.09x	4.00x	0.97x	4.41x	2.60x	2.92x	4.41x
Interest Paid	16.69M	21.13M	25.98M	31.2M	26.34M	16M	16.2M	29.03M	40.05M	49.9M
Taxes Paid	5.02M	808K	1.76M	1.58M	3.3M	759K	331K	0	2.85M	10K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.98%	4.38%	11.84%	3.73%	19.09%	114.28%	26.05%	91.34%	72.99%	666.62%
Return on Invested Capital (ROIC)	3.33%	3.28%	3.16%	3.55%	4.51%	11.19%	2.92%	7.02%	6.8%	5.83%
Gross Margin	7.11%	8.32%	7.67%	7.06%	7.19%	10.98%	7.74%	7.56%	8.72%	9.72%
Net Margin	0.52%	0.57%	1.11%	0.21%	0.84%	5.56%	0.6%	1.25%	0.91%	0.49%
Debt / Equity	1.63x	2.47x	3.57x	5.38x	8.43x	6.41x	17.62x	11.92x	29.61x	-
Interest Coverage	1.41x	1.41x	1.16x	1.07x	1.60x	6.97x	1.98x	2.99x	2.01x	1.35x
FCF Conversion	5.64x	7.42x	3.84x	17.09x	4.00x	0.97x	4.41x	2.60x	2.92x	4.41x
Revenue Growth	-17.03%	-15.58%	12.03%	16.76%	-12.12%	-10.1%	85.23%	38.78%	-11.7%	-6.57%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fuel Sales To External Customers	-	-	-	2.26B	2.01B	1.72B	3.27B	4.58B	3.97B	3.61B
Fuel Sales To External Customers Growth	-	-	-	-	-11.17%	-14.36%	90.48%	40.01%	-13.46%	-8.93%
Food And Merchandise Sales	-	-	-	97.6M	49.38M	123.3M	209.12M	280.19M	315.96M	390.14M
Food And Merchandise Sales Growth	-	-	-	-	-49.41%	149.68%	69.61%	33.98%	12.76%	23.48%
Product and Service, Other	-	-	-	-	-	-	-	19.06M	21.02M	24.07M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	10.26%	14.51%
Product And Service Other	-	-	-	3.38M	2.89M	6.97M	12.88M	-	-	-
Product And Service Other Growth	-	-	-	-	-14.69%	141.43%	84.79%	-	-	-
Wholesale	1.9B	1.64B	1.88B	-	-	-	-	-	-	-
Wholesale Growth	-	-13.53%	14.59%	-	-	-	-	-	-	-
Retail	672.02M	467.48M	491.72M	-	-	-	-	-	-	-
Retail Growth	-	-30.44%	5.18%	-	-	-	-	-	-	-
Unallocated	-359.29M	242.4M	-	-	-	-	-	-	-	-
Unallocated Growth	-	167.47%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Unallocated	-359.29M	242.4M	-	-	-	-	-	-	-	-
Unallocated Growth	-	167.47%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CrossAmerica Partners LP (CAPL) has a price-to-earnings (P/E) ratio of 41.4x. This suggests investors expect higher future growth.

Growth & Financials

CrossAmerica Partners LP (CAPL) reported $3.74B in revenue for fiscal year 2024. This represents a 130% increase from $1.63B in 2011.

CrossAmerica Partners LP (CAPL) saw revenue decline by 6.6% over the past year.

Yes, CrossAmerica Partners LP (CAPL) is profitable, generating $45.3M in net income for fiscal year 2024 (0.5% net margin).

Dividend & Returns

Yes, CrossAmerica Partners LP (CAPL) pays a dividend with a yield of 9.73%. This makes it attractive for income-focused investors.

CrossAmerica Partners LP (CAPL) has a return on equity (ROE) of 666.6%. This is excellent, indicating efficient use of shareholder capital.

CrossAmerica Partners LP (CAPL) generated $37.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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CrossAmerica Partners LP (CAPL) 10-Year Financial Performance & Capital Metrics

CAPL • • Industrial / General

EnergyOil Refining & MarketingFuel Distribution & RetailFuel Wholesalers & Distributors

Revenue $4.1B -6.6%
EBITDA $147M -11.3%
Net Income $20M -50.4%
EPS (Diluted) 0.52 -50.5%
Gross Margin 9.72% +11.5%
EBITDA Margin 3.58% -5.1%
Operating Margin 1.72% -14.3%
Net Margin 0.49% -46.9%
ROE 666.62% +813.3%
ROIC 5.83% -14.3%
Debt/Equity -
Interest Coverage 1.35 -33.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 277.0%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.8%
✓Efficient asset utilization: 3.7x turnover

✗Weaknesses

✗Dividend payout exceeds 100% of earnings
✗Thin 5Y average net margin of 1.8%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.38%

5Y13.78%

3Y4.62%

TTM-10.27%

Profit (Net Income) CAGR

10Y-

5Y1.93%

3Y-2.79%

TTM135.94%

EPS CAGR

10Y-

5Y0%

3Y-3.01%

TTM155.32%

ROCE

10Y Avg6.18%

5Y Avg8.09%

3Y Avg8.01%

Latest7.15%

Peer Comparison

Fuel Wholesalers & Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CAPLCrossAmerica Partners LP	819.97M	21.51	41.37	-6.57%	1.21%	6.67%	7.5%
SUNSunoco LP	7.87B	57.60	9.60	-1.63%	1.84%	7.26%	2.61%	1.97

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.21B	1.87B	2.09B	2.45B	2.15B	1.93B	3.58B	4.97B	4.39B	4.1B
Revenue Growth %	-0.17%	-0.16%	0.12%	0.17%	-0.12%	-0.1%	0.85%	0.39%	-0.12%	-0.07%
Cost of Goods Sold+	2.06B	1.71B	1.93B	2.27B	1.99B	1.72B	3.3B	4.59B	4B	3.7B
COGS % of Revenue	0.93%	0.92%	0.92%	0.93%	0.93%	0.89%	0.92%	0.92%	0.91%	0.9%
Gross Profit+	157.52M	155.57M	160.77M	172.79M	154.64M	212.13M	276.95M	375.77M	382.27M	398.32M
Gross Margin %	0.07%	0.08%	0.08%	0.07%	0.07%	0.11%	0.08%	0.08%	0.09%	0.1%
Gross Profit Growth %	0.2%	-0.01%	0.03%	0.07%	-0.11%	0.37%	0.31%	0.36%	0.02%	0.04%
Operating Expenses+	144.75M	139.64M	146.65M	146.43M	111.31M	96.53M	240.82M	279.76M	294.2M	327.76M
OpEx % of Revenue	0.07%	0.07%	0.07%	0.06%	0.05%	0.05%	0.07%	0.06%	0.07%	0.08%
Selling, General & Admin	108.47M	85.23M	82.08M	17.97M	16.85M	20.99M	44.46M	40.83M	42.49M	46.2M
SG&A % of Revenue	0.05%	0.05%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	396K	848K	439K	373K	94.47M	75.54M	196.36M	238.94M	251.71M	281.56M
Operating Income+	26.02M	32.17M	32.42M	35.01M	43.32M	115.59M	36.13M	96.01M	88.07M	70.56M
Operating Margin %	0.01%	0.02%	0.02%	0.01%	0.02%	0.06%	0.01%	0.02%	0.02%	0.02%
Operating Income Growth %	2.01%	0.24%	0.01%	0.08%	0.24%	1.67%	-0.69%	1.66%	-0.08%	-0.2%
EBITDA+	74.24M	86.78M	89.96M	101.54M	98.35M	184.33M	113.98M	176.63M	165.23M	146.54M
EBITDA Margin %	0.03%	0.05%	0.04%	0.04%	0.05%	0.1%	0.03%	0.04%	0.04%	0.04%
EBITDA Growth %	0.78%	0.17%	0.04%	0.13%	-0.03%	0.87%	-0.38%	0.55%	-0.06%	-0.11%
D&A (Non-Cash Add-back)	48.23M	54.61M	57.54M	66.53M	55.03M	68.74M	77.85M	80.63M	77.16M	75.98M
EBIT	26.41M	33.02M	32.86M	35.38M	43.85M	116.09M	36.67M	96.51M	88.86M	71.34M
Net Interest Income+	-18.49M	-22.76M	-27.92M	-32.87M	-27M	-16.59M	-18.24M	-32.1M	-43.74M	-52.32M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	18.49M	22.76M	27.92M	32.87M	27M	16.59M	18.24M	32.1M	43.74M	52.32M
Other Income/Expense	-18.1M	-21.91M	-27.48M	-32.5M	-26.48M	-16.08M	-17.7M	-31.6M	-42.95M	-51.54M
Pretax Income+	7.92M	10.26M	4.94M	2.51M	16.85M	99.51M	18.43M	64.41M	45.12M	19.02M
Pretax Margin %	0%	0.01%	0%	0%	0.01%	0.05%	0.01%	0.01%	0.01%	0%
Income Tax+	-3.54M	-453K	-18.24M	-2.73M	-1.23M	-7.95M	-3.23M	714K	2.52M	-3.43M
Effective Tax Rate %	1.44%	1.04%	4.69%	2.09%	1.07%	1.08%	1.17%	0.96%	0.89%	1.05%
Net Income+	11.44M	10.7M	23.16M	5.25M	18.08M	107.46M	21.65M	61.97M	40.1M	19.89M
Net Margin %	0.01%	0.01%	0.01%	0%	0.01%	0.06%	0.01%	0.01%	0.01%	0%
Net Income Growth %	2.86%	-0.06%	1.16%	-0.77%	2.44%	4.94%	-0.8%	1.86%	-0.35%	-0.5%
Net Income (Continuing)	11.46M	10.71M	23.18M	5.25M	18.08M	107.46M	21.65M	63.7M	42.59M	22.45M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-135K	-233K	-318K	0	0	0	0	0	27.74M	0
EPS (Diluted)+	0.35	0.22	0.56	0.15	0.52	2.87	0.57	1.63	1.05	0.52
EPS Growth %	2.13%	-0.37%	1.55%	-0.73%	2.47%	4.52%	-0.8%	1.86%	-0.36%	-0.5%
EPS (Basic)	0.35	0.22	0.56	0.15	0.52	2.87	0.57	1.63	1.06	0.52
Diluted Shares Outstanding	29.09M	33.37M	33.86M	34.35M	34.45M	37.37M	37.88M	38.06M	38.12M	38.17M
Basic Shares Outstanding	28.99M	33.31M	33.84M	34.35M	34.45M	37.37M	37.88M	37.92M	37.96M	38.03M
Dividend Payout Ratio	5.64%	7.47%	3.62%	14.39%	4%	0.73%	3.67%	1.28%	1.99%	4.01%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	49.77M	65.41M	80.51M	50.86M	69.39M	74.82M	106.31M	118.41M	108.52M	118.83M
Cash & Short-Term Investments	1.19M	1.35M	3.9M	3.19M	1.78M	513K	7.65M	16.05M	4.99M	3.38M
Cash Only	1.19M	1.35M	3.9M	3.19M	1.78M	513K	7.65M	16.05M	4.99M	3.38M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	32.96M	42.23M	42.25M	25.86M	44.45M	30.75M	34.98M	35.67M	31.62M	33.04M
Days Sales Outstanding	5.43	8.24	7.36	3.86	7.55	5.81	3.57	2.62	2.63	2.94
Inventory	15.74M	13.16M	15.12M	14.08M	6.23M	23.25M	46.1M	47.31M	52.34M	63.17M
Days Inventory Outstanding	2.79	2.8	2.85	2.26	1.14	4.93	5.1	3.76	4.77	6.23
Other Current Assets	8.23M	8.67M	19.24M	7.73M	16.93M	20.3M	17.59M	19.38M	19.57M	19.24M
Total Non-Current Assets+	803.33M	866.58M	866.73M	816.06M	887.37M	1.01B	1.23B	1.14B	1.07B	995.89M
Property, Plant & Equipment	628.56M	677.33M	681M	647.41M	686.68M	738.72M	924.79M	893.32M	853.53M	792.73M
Fixed Asset Turnover	3.52x	2.76x	3.08x	3.78x	3.13x	2.62x	3.87x	5.56x	5.14x	5.17x
Goodwill	80.82M	89.11M	89.11M	88.76M	88.76M	88.76M	100.46M	99.41M	99.41M	99.41M
Intangible Assets	82.31M	80.76M	76.06M	59.06M	45M	92.91M	114.19M	113.92M	95.26M	77.24M
Long-Term Investments	800K	3.5M	3.2M	2.8M	0	0	0	3.4M	687K	5.13M
Other Non-Current Assets	11.63M	19.38M	-6.94M	20.82M	21.32M	19.13M	24.39M	26.14M	23.51M	20.38M
Total Assets+	853.09M	931.99M	947.24M	866.92M	956.75M	1.08B	1.34B	1.26B	1.18B	1.11B
Asset Turnover	2.60x	2.01x	2.21x	2.82x	2.25x	1.79x	2.67x	3.95x	3.71x	3.68x
Asset Growth %	0.41%	0.09%	0.02%	-0.08%	0.1%	0.13%	0.24%	-0.06%	-0.06%	-0.06%
Total Current Liabilities+	67.46M	75.13M	93.47M	88.45M	112.64M	146.95M	163.89M	175.3M	161.1M	162.85M
Accounts Payable	32.58M	34.9M	42.79M	36.93M	57.82M	69.36M	74.85M	84.85M	68.99M	81.72M
Days Payables Outstanding	5.78	7.43	8.08	5.93	10.58	14.72	8.27	6.74	6.29	8.06
Short-Term Debt	7.61M	2.1M	2.92M	2.3M	25.96M	34.59M	45.77M	46.5M	0	38.33M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	-12.73M	2.21M	2.87M	4.63M	28.77M	43M	43.27M	42.33M	45.92M	39.9M
Current Ratio	0.74x	0.87x	0.86x	0.58x	0.62x	0.51x	0.65x	0.68x	0.67x	0.73x
Quick Ratio	0.50x	0.70x	0.70x	0.42x	0.56x	0.35x	0.37x	0.41x	0.35x	0.34x
Cash Conversion Cycle	2.44	3.61	2.14	0.19	-1.89	-3.97	0.39	-0.36	1.11	1.11
Total Non-Current Liabilities+	516.78M	636.04M	682.74M	667.54M	765.72M	825.38M	1.12B	1B	989.84M	976.66M
Long-Term Debt	403.71M	465.12M	529.15M	519.28M	499.27M	485.85M	793.83M	750.57M	745.9M	759.26M
Capital Lease Obligations	26.92M	77.41M	76.45M	22.63M	135.65M	182.83M	156.96M	146.28M	126.7M	110.97M
Deferred Tax Liabilities	43.61M	42.92M	24.07M	19.93M	64.97M	82.67M	81.49M	13.37M	12.92M	7.42M
Other Non-Current Liabilities	42.54M	50.59M	53.08M	105.7M	65.83M	74.03M	86.57M	92.72M	104.31M	99.01M
Total Liabilities	584.24M	711.18M	776.22M	755.99M	878.36M	972.33M	1.28B	1.18B	1.15B	1.14B
Total Debt+	438.97M	545.49M	609.53M	596.88M	660.87M	703.27M	996.55M	943.35M	910.47M	908.56M
Net Debt	437.78M	544.14M	605.63M	593.69M	659.09M	702.75M	988.91M	927.3M	905.48M	905.18M
Debt / Equity	1.63x	2.47x	3.57x	5.38x	8.43x	6.41x	17.62x	11.92x	29.61x	-
Debt / EBITDA	5.91x	6.29x	6.78x	5.88x	6.72x	3.82x	8.74x	5.34x	5.51x	6.20x
Net Debt / EBITDA	5.90x	6.27x	6.73x	5.85x	6.70x	3.81x	8.68x	5.25x	5.48x	6.18x
Interest Coverage	1.41x	1.41x	1.16x	1.07x	1.60x	6.97x	1.98x	2.99x	2.01x	1.35x
Total Equity+	268.72M	220.58M	170.7M	110.93M	78.4M	109.67M	56.56M	79.13M	30.75M	-24.78M
Equity Growth %	0.41%	-0.18%	-0.23%	-0.35%	-0.29%	0.4%	-0.48%	0.4%	-0.61%	-1.81%
Book Value per Share	9.24	6.61	5.04	3.23	2.28	2.93	1.49	2.08	0.81	-0.65
Total Shareholders' Equity	268.86M	220.81M	171.02M	110.93M	78.4M	109.67M	56.56M	79.13M	3.01M	-24.78M
Common Stock	268.99M	221.04M	171.34M	110.93M	78.4M	112.12M	53.53M	36.51M	0	-61.37M
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-94.39M	-131.42M	-164.57M	-193.73M	0	-2.46M	3.03M	16.47M	5.4M	7.59M
Minority Interest	-135K	-233K	-318K	0	0	0	0	0	27.74M	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	64.49M	79.44M	88.96M	89.75M	72.33M	104.48M	95.47M	161.32M	117.08M	87.78M
Operating CF Margin %	0.03%	0.04%	0.04%	0.04%	0.03%	0.05%	0.03%	0.03%	0.03%	0.02%
Operating CF Growth %	1.26%	0.23%	0.12%	0.01%	-0.19%	0.44%	-0.09%	0.69%	-0.27%	-0.25%
Net Income	11.46M	10.71M	23.18M	5.25M	18.08M	107.46M	21.65M	63.7M	42.59M	22.45M
Depreciation & Amortization	48.23M	54.41M	57.47M	66.55M	55.03M	68.74M	77.85M	80.63M	77.16M	75.98M
Stock-Based Compensation	5.12M	3.93M	1.93M	481K	1.25M	172K	1.31M	2.29M	3.03M	1.51M
Deferred Taxes	-6.12M	-686K	-18.85M	-4.26M	3.57M	-4.44M	-3.76M	-1.75M	1.57M	-6.15M
Other Non-Cash Items	8.56M	14.04M	11.68M	11.72M	3.04M	-86.66M	78K	1.88M	-1.41M	-2.87M
Working Capital Changes	-2.77M	-2.97M	13.56M	10.02M	-8.63M	19.21M	-1.67M	14.58M	-5.86M	-3.14M
Change in Receivables	10.96M	-8.16M	597K	16.79M	-12.95M	10.87M	-5.55M	1.25M	430K	-837K
Change in Inventory	9.86M	4.96M	863K	362K	7.24M	-777K	-10.31M	-873K	0	-2.67M
Change in Payables	-12.34M	281K	15.66M	-5.01M	-519K	11.08M	4.73M	9.23M	-6.43M	-1.73M
Cash from Investing+	-311.52M	-96.91M	-60.11M	-6.78M	-15.51M	-19.55M	-298.69M	-46.4M	-28.18M	-16.31M
Capital Expenditures	-1.32M	-20.78M	-12.49M	-13.72M	-24.61M	-37.06M	-41.86M	-30.35M	-34.63M	-26.32M
CapEx % of Revenue	0%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.37M	21M	28M	7.42M	9.1M	45.75M	16.15M	13.55M	6.45M	10.01M
Cash from Financing+	233.05M	17.62M	-26.3M	-83.68M	-58.23M	-86.2M	210.36M	-106.51M	-99.97M	-73.08M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-64.57M	-80.01M	-83.76M	-75.56M	-72.34M	-77.92M	-79.55M	-79.63M	-79.71M	-79.85M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	937K	-4.24M	-4.14M	3.77M	-4.59M	-173K	-7.34M	-676K	-8.25M	-1.65M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	63.17M	58.66M	76.47M	76.03M	47.72M	67.43M	53.61M	130.97M	82.45M	61.46M
FCF Margin %	0.03%	0.03%	0.04%	0.03%	0.02%	0.03%	0.01%	0.03%	0.02%	0.01%
FCF Growth %	3.34%	-0.07%	0.3%	-0.01%	-0.37%	0.41%	-0.2%	1.44%	-0.37%	-0.25%
FCF per Share	2.17	1.76	2.26	2.21	1.38	1.80	1.42	3.44	2.16	1.61
FCF Conversion (FCF/Net Income)	5.64x	7.42x	3.84x	17.09x	4.00x	0.97x	4.41x	2.60x	2.92x	4.41x
Interest Paid	16.69M	21.13M	25.98M	31.2M	26.34M	16M	16.2M	29.03M	40.05M	49.9M
Taxes Paid	5.02M	808K	1.76M	1.58M	3.3M	759K	331K	0	2.85M	10K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.98%	4.38%	11.84%	3.73%	19.09%	114.28%	26.05%	91.34%	72.99%	666.62%
Return on Invested Capital (ROIC)	3.33%	3.28%	3.16%	3.55%	4.51%	11.19%	2.92%	7.02%	6.8%	5.83%
Gross Margin	7.11%	8.32%	7.67%	7.06%	7.19%	10.98%	7.74%	7.56%	8.72%	9.72%
Net Margin	0.52%	0.57%	1.11%	0.21%	0.84%	5.56%	0.6%	1.25%	0.91%	0.49%
Debt / Equity	1.63x	2.47x	3.57x	5.38x	8.43x	6.41x	17.62x	11.92x	29.61x	-
Interest Coverage	1.41x	1.41x	1.16x	1.07x	1.60x	6.97x	1.98x	2.99x	2.01x	1.35x
FCF Conversion	5.64x	7.42x	3.84x	17.09x	4.00x	0.97x	4.41x	2.60x	2.92x	4.41x
Revenue Growth	-17.03%	-15.58%	12.03%	16.76%	-12.12%	-10.1%	85.23%	38.78%	-11.7%	-6.57%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fuel Sales To External Customers	-	-	-	2.26B	2.01B	1.72B	3.27B	4.58B	3.97B	3.61B
Fuel Sales To External Customers Growth	-	-	-	-	-11.17%	-14.36%	90.48%	40.01%	-13.46%	-8.93%
Food And Merchandise Sales	-	-	-	97.6M	49.38M	123.3M	209.12M	280.19M	315.96M	390.14M
Food And Merchandise Sales Growth	-	-	-	-	-49.41%	149.68%	69.61%	33.98%	12.76%	23.48%
Product and Service, Other	-	-	-	-	-	-	-	19.06M	21.02M	24.07M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	10.26%	14.51%
Product And Service Other	-	-	-	3.38M	2.89M	6.97M	12.88M	-	-	-
Product And Service Other Growth	-	-	-	-	-14.69%	141.43%	84.79%	-	-	-
Wholesale	1.9B	1.64B	1.88B	-	-	-	-	-	-	-
Wholesale Growth	-	-13.53%	14.59%	-	-	-	-	-	-	-
Retail	672.02M	467.48M	491.72M	-	-	-	-	-	-	-
Retail Growth	-	-30.44%	5.18%	-	-	-	-	-	-	-
Unallocated	-359.29M	242.4M	-	-	-	-	-	-	-	-
Unallocated Growth	-	167.47%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Unallocated	-359.29M	242.4M	-	-	-	-	-	-	-	-
Unallocated Growth	-	167.47%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CrossAmerica Partners LP (CAPL) has a price-to-earnings (P/E) ratio of 41.4x. This suggests investors expect higher future growth.

Growth & Financials

CrossAmerica Partners LP (CAPL) reported $3.74B in revenue for fiscal year 2024. This represents a 130% increase from $1.63B in 2011.

CrossAmerica Partners LP (CAPL) saw revenue decline by 6.6% over the past year.

Yes, CrossAmerica Partners LP (CAPL) is profitable, generating $45.3M in net income for fiscal year 2024 (0.5% net margin).

Dividend & Returns

Yes, CrossAmerica Partners LP (CAPL) pays a dividend with a yield of 9.73%. This makes it attractive for income-focused investors.

CrossAmerica Partners LP (CAPL) has a return on equity (ROE) of 666.6%. This is excellent, indicating efficient use of shareholder capital.

CrossAmerica Partners LP (CAPL) generated $37.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.