CrossAmerica Partners LP (CAPL) Financial Ratios
16 years of historical data (2010–2025) · Energy · Oil & Gas Refining & Marketing
EV/EBITDA
↓
5.90
↓-44% vs avg
5yr avg: 10.58
30Y Low5.7·High25.9
P/FCF
↑
15.06
↑+31% vs avg
5yr avg: 11.51
30Y Low5.8·High55.1
P/B Ratio
↑
N/A
—
5yr avg: 16.86
30Y Low2.8·High28.3
ROE
↑
N/A
—
5yr avg: 214.3%
30Y Low-25%·High114%
Debt/EBITDA
↓
3.07
↓-47% vs avg
5yr avg: 5.77
30Y Low3.1·High12.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CAPL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CrossAmerica Partners LP trades at 20.2x earnings, 21% below its 5-year average of 25.7x, sitting at the 25th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a premium of 31%. On a free-cash-flow basis, the stock trades at 15.1x P/FCF, 31% above the 5-year average of 11.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $840M | $788M | $840M | $869M | $755M | $722M | $642M | $622M | $486M | $804M | $841M |
| Enterprise Value | $1.7B | $1.7B | $1.7B | $1.8B | $1.7B | $1.7B | $1.3B | $1.3B | $1.1B | $1.4B | $1.4B |
| P/E Ratio → | 20.20 | 18.90 | 42.31 | 21.71 | 12.17 | 33.44 | 5.98 | 34.71 | 94.40 | 42.41 | 114.50 |
| P/S Ratio | 0.23 | 0.22 | 0.20 | 0.20 | 0.15 | 0.20 | 0.33 | 0.29 | 0.20 | 0.38 | 0.45 |
| P/B Ratio | — | — | — | 28.26 | 9.54 | 12.77 | 5.85 | 7.93 | 4.38 | 4.71 | 3.81 |
| P/FCF | 15.06 | 14.13 | 13.66 | 10.54 | 5.76 | 13.47 | 9.52 | 13.03 | 6.40 | 10.51 | 14.33 |
| P/OCF | 9.18 | 8.61 | 9.57 | 7.42 | 4.68 | 7.56 | 6.14 | 8.60 | 5.42 | 9.04 | 10.58 |
P/E links to full P/E history page with 30-year chart
CAPL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CrossAmerica Partners LP's enterprise value stands at 5.9x EBITDA, 44% below its 5-year average of 10.6x. The Energy sector median is 7.8x, placing the stock at a 25% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.46 | 0.43 | 0.40 | 0.34 | 0.48 | 0.70 | 0.60 | 0.44 | 0.67 | 0.74 |
| EV / EBITDA | 5.90 | 5.72 | 11.91 | 10.74 | 9.52 | 15.01 | 7.29 | 13.02 | 10.64 | 15.67 | 15.96 |
| EV / EBIT | 8.46 | 17.23 | 24.46 | 19.97 | 17.43 | 46.65 | 11.58 | 29.22 | 30.52 | 42.90 | 41.94 |
| EV / FCF | — | 30.35 | 28.39 | 21.52 | 12.84 | 31.92 | 19.94 | 26.85 | 14.20 | 18.43 | 23.60 |
CAPL Profitability
Margins and return-on-capital ratios measuring operating efficiency
CrossAmerica Partners LP earns an operating margin of 5.6%, below the Energy sector average of 13.8%. Operating margins have expanded from 2.0% to 5.6% over the past 3 years, signaling improving operational efficiency. ROIC of 18.1% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.2% | 9.2% | 9.7% | 8.7% | 7.6% | 7.7% | 11.0% | 7.2% | 7.1% | 7.7% | 8.3% |
| Operating Margin | 5.6% | 5.6% | 1.7% | 2.0% | 1.9% | 1.0% | 6.0% | 2.0% | 1.4% | 1.5% | 1.7% |
| Net Profit Margin | 1.1% | 1.1% | 0.5% | 0.9% | 1.2% | 0.6% | 5.6% | 0.8% | 0.2% | 1.1% | 0.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | 666.6% | 73.0% | 91.3% | 26.1% | 114.3% | 19.1% | 3.7% | 11.8% | 4.4% |
| ROA | 4.0% | 4.0% | 1.7% | 3.3% | 4.8% | 1.8% | 10.5% | 2.0% | 0.6% | 2.5% | 1.2% |
| ROIC | 18.1% | 18.1% | 5.8% | 6.8% | 7.0% | 2.9% | 11.2% | 4.5% | 3.5% | 3.2% | 3.3% |
| ROCE | 23.4% | 23.4% | 7.2% | 8.4% | 8.5% | 3.4% | 13.0% | 5.3% | 4.3% | 3.8% | 3.9% |
CAPL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CrossAmerica Partners LP carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (18% above the sector average of 2.6x). Net debt stands at $905M ($908M total debt minus $3M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 29.61 | 11.92 | 17.62 | 6.41 | 8.43 | 5.38 | 3.57 | 2.47 |
| Debt / EBITDA | 3.07 | 3.07 | 6.20 | 5.51 | 5.34 | 8.74 | 3.82 | 6.72 | 5.88 | 6.78 | 6.29 |
| Net Debt / Equity | — | — | — | 29.45 | 11.72 | 17.48 | 6.41 | 8.41 | 5.35 | 3.55 | 2.47 |
| Net Debt / EBITDA | 3.06 | 3.06 | 6.18 | 5.48 | 5.25 | 8.68 | 3.81 | 6.70 | 5.85 | 6.73 | 6.27 |
| Debt / FCF | — | 16.22 | 14.73 | 10.98 | 7.08 | 18.45 | 10.42 | 13.81 | 7.81 | 7.92 | 9.28 |
| Interest Coverage | 2.04 | 2.04 | 1.36 | 2.03 | 3.01 | 2.01 | 7.00 | 1.62 | 1.08 | 1.18 | 1.45 |
CAPL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.72x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.33x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.72 | 0.73 | 0.67 | 0.68 | 0.65 | 0.51 | 0.62 | 0.58 | 0.86 | 0.87 |
| Quick Ratio | 0.33 | 0.33 | 0.34 | 0.35 | 0.41 | 0.37 | 0.35 | 0.56 | 0.42 | 0.70 | 0.70 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.09 | 0.05 | 0.00 | 0.02 | 0.04 | 0.04 | 0.02 |
| Asset Turnover | — | 3.80 | 3.68 | 3.71 | 3.95 | 2.67 | 1.79 | 2.25 | 2.82 | 2.21 | 2.01 |
| Inventory Turnover | 55.80 | 55.80 | 58.57 | 76.49 | 97.06 | 71.63 | 73.98 | 320.19 | 161.41 | 127.90 | 130.22 |
| Days Sales Outstanding | — | 2.85 | 2.94 | 2.63 | 2.62 | 3.57 | 5.81 | 7.55 | 3.86 | 7.36 | 8.24 |
CAPL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CrossAmerica Partners LP returns 9.5% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 191.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.5% | 10.2% | 9.5% | 9.2% | 10.6% | 11.0% | 12.1% | 11.6% | 15.5% | 10.4% | 9.5% |
| Payout Ratio | 191.9% | 191.9% | 401.4% | 198.8% | 128.5% | 367.4% | 72.5% | 400.2% | 1439.0% | 361.7% | 747.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 5.3% | 2.4% | 4.6% | 8.2% | 3.0% | 16.7% | 2.9% | 1.1% | 2.4% | 0.9% |
| FCF Yield | 6.6% | 7.1% | 7.3% | 9.5% | 17.4% | 7.4% | 10.5% | 7.7% | 15.6% | 9.5% | 7.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% |
| Total Shareholder Yield | 9.5% | 10.2% | 9.5% | 9.2% | 10.6% | 11.0% | 12.1% | 11.6% | 15.5% | 10.4% | 9.9% |
| Shares Outstanding | — | $38M | $38M | $38M | $38M | $38M | $37M | $34M | $34M | $34M | $33M |
Peer Comparison
Compare CAPL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CAPLYou | $840M | 20.2 | 5.9 | 15.1 | 9.2% | 5.6% | — | 18.1% | 3.1 |
 MMLP | $95M | -6.6 | 6.4 | 6.8 | 12.4% | 6.5% | — | 8.0% | 5.4 |
 SUNS | $114M | 8.9 | 13.6 | — | 90.7% | 64.2% | 8.2% | 6.0% | 7.2 |
 NGL | $2B | -4.6 | 8.3 | 13.8 | 23.7% | 12.2% | -52.1% | 8.1% | 5.2 |
 GLP | $1B | 20.2 | 9.1 | 7.5 | 2.6% | 1.0% | 11.4% | 5.7% | 4.8 |
 DINO | $12B | 20.7 | 7.5 | 13.4 | 5.2% | 3.5% | 6.2% | 6.1% | 1.8 |
 CASY | $31B | 44.0 | 22.9 | 43.3 | 24.6% | 5.9% | 19.2% | 12.0% | 2.2 |
 MUSA | $10B | 22.9 | 13.2 | 27.2 | 5.0% | 3.8% | 64.3% | 15.8% | 3.2 |
 ARKO | $840M | 49.9 | 19.0 | 12.9 | 5.2% | 1.3% | 6.1% | 2.3% | 16.7 |
 IMKTA | $2B | 19.9 | 7.6 | 41.9 | 23.9% | 2.2% | 5.3% | 5.0% | 2.3 |
 SUN | $9B | 17.3 | 14.8 | 14.1 | 8.3% | 3.7% | 8.7% | 4.0% | 10.0 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
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CAPL — Frequently Asked Questions
Quick answers to the most common questions about buying CAPL stock.
What is CrossAmerica Partners LP's P/E ratio?
CrossAmerica Partners LP's current P/E ratio is 20.2x. The historical average is 43.2x. This places it at the 25th percentile of its historical range.
What is CrossAmerica Partners LP's EV/EBITDA?
CrossAmerica Partners LP's current EV/EBITDA is 5.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
Is CAPL stock overvalued?
Based on historical data, CrossAmerica Partners LP is trading at a P/E of 20.2x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is CrossAmerica Partners LP's dividend yield?
CrossAmerica Partners LP's current dividend yield is 9.53% with a payout ratio of 191.9%.
What are CrossAmerica Partners LP's profit margins?
CrossAmerica Partners LP has 9.2% gross margin and 5.6% operating margin.
How much debt does CrossAmerica Partners LP have?
CrossAmerica Partners LP's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.