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CASYCasey's General Stores, Inc.
$687.64$25.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CASY logo

Casey's General Stores, Inc.

CASY
NASDAQ · Specialty Retail Stores
$687.64
At close - Nov 6, 4:00 PM EST - USD
Market Cap$25.49B
P/E33.0x
52W High$927.85
Volume360.88K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Acquisition-Driven Growth Masking Margin Sustainability Concerns

Casey's is executing an aggressive growth strategy, with revenue accelerating to 24.3% YoY growth in Q1 2027 fueled by significant acquisitions, as evidenced by a $43.9M deal spend.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CASY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+99% Peers

P/E is 99% above peer median

03

Market leadership

RS 46 · Lag

Laggard (Underperforming 54% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Dec 8
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has accelerated sharply to 24.3% YoY, yet the recent gross margin contraction to 19.8% from a consistent 23-26% range warrants scrutiny for its impact on the 6.5% operating margin achieved.

Analyst Consensus+18.9% target
Buy(26 analysts)
19 Buy7 Hold0 Sell

The Bull Case

Upside Catalysts

Strong earnings growth

Casey's reported 14% Q2 fiscal 2026 earnings growth, demonstrating robust financial performance.

Aggressive store expansion

The company achieved 9% store expansion, indicating successful physical footprint growth.

Upward EBITDA guidance

Management guided to 15-17% EBITDA growth for the full fiscal year, signaling confidence in profitability.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CASY+24.06%
S&P 500 (^GSPC)+7.63%
1-Year Return
CASY+31.93%
S&P 500 (^GSPC)+9.69%
3-Year Return
CASY+154.38%
S&P 500 (^GSPC)+68.24%
5-Year Return
CASY+246.23%
S&P 500 (^GSPC)+56.30%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
33.0x
Forward P/EExpansion
32.2x
EV/EBITDA80th %ile
17.9x
FCF YieldCash Flow
2.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
33.0x
23.8x
80th· High
EV/EBITDA
17.9x
12.7x
80th· High
Price/FCF
39.3x
29.5x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$116.36-83.1%
Base (Fair)$335.16-51.3%
Bull$493.30-28.3%
$116.36 Bear$335.16 Base$493.30 Bull
Current Market Price: $687.64
Trades at a 105.2% premium to Base DCF ($335.16)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$17.56B+10.2% YoY
Net income FY26
$714M+30.7% YoY
Free cash flow FY26
$722M+23.4% YoY
Operating margin FY26
5.9%+0.9 pts YoY
ROIC (FY26)12.4%
Avg ROIC 5Y11.9%
ROE (TTM)19.7%
Piotroski Score9 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 8, 2026
$7.37+8.7%
vs $6.78
$5.7B+2.1%
vs $5.6B
Q3 2026
Jun 9, 2026
$4.37+32.0%
vs $3.31
$4.6B+5.7%
vs $4.3B
Q2 2026
Mar 9, 2026
$3.49+16.3%
vs $3.00
$3.9B-3.1%
vs $4.0B
Q4 2025
Dec 9, 2025
$5.53+6.6%
vs $5.19
$4.5B+0.3%
vs $4.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 26, 2026
Casey's All-New Pan Pizza Is Now Closer to Home for Millions Across Casey's Country

ANKENY, Iowa--(BUSINESS WIRE)--Casey's (Nasdaq: CASY), the nation's third largest convenience retailer and fifth-largest pizza chain, today announces that its first-ever pan pizza, featuring a fluffy, golden-brown square crust and edge-to-edge toppings, will arrive on its menu beginning Wednesday, Oct. 28. Casey's adds pan pizza to its permanent menu as the crust type remains hard to find close to home for many Americans. One in four in the U.S. surveyed by Casey's said that getting pan pizza r.

Seeking Alpha·Oct 24, 2026
Dividend Champion, Contender, And Challenger Highlights: Week October 25

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies that changed their dividends. Companies with upcoming ex-dividend dates.

Seeking Alpha·Oct 23, 2026
The Dividend Aristocrats Ranked By Quality Scores (October 2026)

I rank all 69 S&P 500 Dividend Aristocrats by my 9F Quality Scores, segmenting them into undervalued, fairly valued, and overvalued groups. My consensus fair value estimates, blending up to 40 data points per stock, highlight 12 undervalued and 18 fairly valued Aristocrats, with 39 currently overvalued. Investment candidates vary by style: ADP, BRO, and NDSN for growth; NEE for total return; PEP and O for income; CAT and GWW for past performance.

Zacks Investment Research·Oct 23, 2026
Are Retail-Wholesale Stocks Lagging Casey's General Stores (CASY) This Year?

Here is how Casey's General Stores (CASY) and Alliance Laundry Holdings (ALH) have performed compared to their sector so far this year.

Filtered for Casey's General Stores, Inc.More Headlines
04

Compare before deciding

Benchmark CASY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Casey's General Stores, Inc. (CASY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CASY logoCASYCasey's General Stores, Inc.Current
$687.64$25.49B33.0510.16%4.14%19.68%0.32%
MUSA logoMUSAMurphy USA Inc.
$521.89$9.64B14.45-4.25%2.85%92.81%0.41%
ARKO logoARKOArko Corp.
$3.97$445.38M38.25-12.47%0.15%2.32%2.98%
CAPL logoCAPLCrossAmerica Partners LP
$19.77$754.31M15.88-10.63%1.17%—10.62%
SUN logoSUNSunoco LP
$69.00$9.44B2379.3111.05%2.9%18.07%6.94%
NTB logoNTBThe Bank of N.T. Butterfield & Son Limited
$54.74$2.17B9.474.27%42.12%20.62%3.35%

Compare CASY vs Peers

Casey's General Stores, Inc. (CASY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MUSA

Most directly comparable listed peer for CASY.

Scale Benchmark

vs WMT

Larger-name benchmark to compare CASY against a more recognizable public peer.

Peer Set

Compare Top 5

vs MUSA, ARKO, CAPL, SUN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CASY SEC Filings & Documents

Casey's General Stores, Inc. (CASY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Sep 8, 2026·SEC

Material company update

Jun 9, 2026·SEC

Material company update

Jun 8, 2026·SEC

10-K Annual Reports

4
FY 2025

Jun 23, 2025·SEC

FY 2024

Jun 24, 2024·SEC

FY 2023

Jun 23, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Sep 8, 2026·SEC

FY 2026

Mar 9, 2026·SEC

FY 2025

Dec 9, 2025·SEC

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CASY Frequently Asked Questions

Casey's General Stores, Inc. (CASY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Casey's General Stores, Inc.'s revenue?

Casey's General Stores, Inc. (CASY) reported $18.67B in revenue over the trailing twelve months. Revenue was $17.56B in fiscal year 2026. That is 1484% more than the $1.11B of fiscal year 1997.

How fast is Casey's General Stores, Inc. growing?

Casey's General Stores, Inc. (CASY) grew revenue by 13.8% over the trailing twelve months, compared with the twelve months before.

Is CASY profitable?

Yes. Casey's General Stores, Inc. (CASY) earned $772.8M in net income over the trailing twelve months (a 4.1% net margin).

Dividend & Returns
Does CASY pay dividends?

Yes. Casey's General Stores, Inc. (CASY) pays a dividend that yields 0.32% at the current price, a small yield.

What is CASY's return on equity?

Casey's General Stores, Inc. (CASY) had a return on equity (ROE) of 19.7% over the trailing twelve months. That is above the market's typical 10-15%.

What is Casey's General Stores, Inc.'s free cash flow?

Casey's General Stores, Inc. (CASY) generated $648.9M in free cash flow over the trailing twelve months.

What if you invested $1,000 in CASY back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →