Casey's General Stores, Inc. (CASY) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↑
28.74
↑+125% vs avg
5yr avg: 12.77
30Y Low5.6·High16.6
P/FCF
↑
54.48
↑+123% vs avg
5yr avg: 24.41
30Y Low13.1·High171.4
P/B Ratio
↑
9.13
↑+131% vs avg
5yr avg: 3.95
30Y Low1.6·High4.9
ROE
↓
16.8%
-3% vs avg
5yr avg: 17.3%
30Y Low8%·High26%
Debt/EBITDA
↑
2.46
↑+26% vs avg
5yr avg: 1.95
30Y Low0.7·High2.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CASY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Casey's General Stores, Inc. trades at 58.6x earnings, 138% above its 5-year average of 24.6x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a premium of 199%. On a free-cash-flow basis, the stock trades at 54.5x P/FCF, 123% above the 5-year average of 24.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $31.9B | $17.3B | $11.9B | $8.6B | $7.5B | $8.3B | $5.6B | $4.9B | $3.7B | $4.4B | $4.4B |
| Enterprise Value | $34.5B | $19.9B | $13.4B | $9.9B | $9.0B | $9.3B | $7.0B | $6.2B | $5.0B | $5.3B | $5.2B |
| P/E Ratio → | 58.62 | 31.60 | 23.80 | 19.21 | 22.12 | 26.51 | 21.33 | 24.02 | 11.58 | 25.02 | 19.55 |
| P/S Ratio | 2.00 | 1.08 | 0.80 | 0.57 | 0.58 | 0.95 | 0.61 | 0.52 | 0.44 | 0.59 | 0.62 |
| P/B Ratio | 9.13 | 4.92 | 3.96 | 3.23 | 3.36 | 4.29 | 3.43 | 3.47 | 2.90 | 3.73 | 4.08 |
| P/FCF | 54.48 | 29.55 | 32.20 | 21.18 | 16.27 | 22.88 | 86.17 | 36.01 | — | 171.39 | 55.51 |
| P/OCF | 29.20 | 15.84 | 13.37 | 9.73 | 9.53 | 10.32 | 11.16 | 9.22 | 8.77 | 9.66 | 9.35 |
P/E links to full P/E history page with 30-year chart
CASY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Casey's General Stores, Inc.'s enterprise value stands at 28.7x EBITDA, 125% above its 5-year average of 12.8x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 153% premium 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 | — | 1.25 | 0.90 | 0.65 | 0.70 | 1.07 | 0.76 | 0.66 | 0.59 | 0.70 | 0.73 |
| EV / EBITDA | 28.74 | 16.59 | 12.62 | 10.37 | 11.29 | 12.97 | 10.76 | 11.01 | 10.23 | 10.38 | 9.25 |
| EV / EBIT | 43.30 | 24.99 | 18.84 | 15.45 | 18.18 | 20.54 | 17.59 | 19.45 | 18.75 | 16.97 | 13.31 |
| EV / FCF | — | 34.05 | 36.05 | 24.37 | 19.58 | 25.71 | 106.48 | 45.66 | — | 204.11 | 65.09 |
CASY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Casey's General Stores, Inc. earns an operating margin of 5.0%, above the Consumer Cyclical sector average of 2.9%. ROE of 16.8% indicates solid capital efficiency, compared to the sector median of 5.6%. ROIC of 11.3% represents solid returns on invested capital versus a sector median of 5.8%.
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 | 23.5% | 23.5% | 22.5% | 20.4% | 21.3% | 27.1% | 23.4% | 20.9% | 21.1% | 22.4% | 22.7% |
| Operating Margin | 5.0% | 5.0% | 4.8% | 4.2% | 3.8% | 5.2% | 4.3% | 3.4% | 3.2% | 4.1% | 5.5% |
| Net Profit Margin | 3.4% | 3.4% | 3.4% | 3.0% | 2.6% | 3.6% | 2.9% | 2.2% | 3.8% | 2.4% | 3.2% |
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 | 16.8% | 16.8% | 17.7% | 18.2% | 16.3% | 17.5% | 17.3% | 15.2% | 25.8% | 15.6% | 23.1% |
| ROA | 7.4% | 7.4% | 8.2% | 7.8% | 6.8% | 7.4% | 6.9% | 5.7% | 9.8% | 6.2% | 8.7% |
| ROIC | 11.3% | 11.3% | 12.7% | 12.4% | 11.1% | 11.5% | 10.4% | 9.1% | 8.7% | 12.0% | 16.5% |
| ROCE | 12.5% | 12.5% | 13.6% | 13.3% | 11.8% | 13.5% | 13.1% | 10.5% | 9.6% | 12.6% | 17.5% |
CASY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Casey's General Stores, Inc. carries a Debt/EBITDA ratio of 2.5x, which is manageable (44% below the sector average of 4.4x). Net debt stands at $2.6B ($3.0B total debt minus $327M cash). Interest coverage of 8.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.84 | 0.84 | 0.54 | 0.63 | 0.75 | 0.71 | 0.85 | 0.98 | 1.06 | 0.78 | 0.77 |
| Debt / EBITDA | 2.46 | 2.46 | 1.54 | 1.76 | 2.11 | 1.90 | 2.17 | 2.44 | 2.77 | 1.82 | 1.50 |
| Net Debt / Equity | — | 0.75 | 0.47 | 0.49 | 0.68 | 0.53 | 0.81 | 0.93 | 1.02 | 0.71 | 0.70 |
| Net Debt / EBITDA | 2.19 | 2.19 | 1.35 | 1.36 | 1.91 | 1.43 | 2.05 | 2.33 | 2.66 | 1.66 | 1.36 |
| Debt / FCF | — | 4.50 | 3.85 | 3.19 | 3.31 | 2.83 | 20.30 | 9.65 | — | 32.73 | 9.59 |
| Interest Coverage | 8.21 | 8.21 | 10.89 | 10.72 | 8.73 | 9.69 | 7.29 | 5.67 | 5.05 | 7.39 | 9.64 |
CASY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.92x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.48x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 0.99x to 0.92x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.92 | 0.92 | 0.87 | 0.99 | 0.80 | 1.18 | 0.36 | 0.69 | 0.78 | 0.82 | 0.84 |
| Quick Ratio | 0.48 | 0.48 | 0.42 | 0.59 | 0.36 | 0.71 | 0.14 | 0.23 | 0.31 | 0.35 | 0.31 |
| Cash Ratio | 0.30 | 0.30 | 0.22 | 0.41 | 0.18 | 0.55 | 0.07 | 0.11 | 0.11 | 0.18 | 0.20 |
| Asset Turnover | — | 1.89 | 2.34 | 2.54 | 2.35 | 1.95 | 2.33 | 2.51 | 2.42 | 2.49 | 2.61 |
| Inventory Turnover | 25.39 | 25.39 | 26.86 | 31.97 | 25.72 | 22.16 | 29.79 | 27.10 | 27.40 | 28.89 | 26.87 |
| Days Sales Outstanding | — | 4.16 | 4.15 | 3.48 | 4.29 | 3.74 | 2.51 | 2.60 | 4.16 | 3.07 | 2.16 |
CASY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Casey's General Stores, Inc. returns 0.2% to shareholders annually — split between a 0.2% dividend yield and 0.0% buyback yield. The payout ratio of 13.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.7% (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 | 0.2% | 0.4% | 0.5% | 0.6% | 0.7% | 0.6% | 0.8% | 0.8% | 1.1% | 0.8% | 0.8% |
| Payout Ratio | 13.2% | 13.2% | 12.5% | 12.5% | 15.1% | 15.3% | 17.4% | 20.3% | 12.2% | 20.7% | 14.8% |
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 | 1.7% | 3.2% | 4.2% | 5.2% | 4.5% | 3.8% | 4.7% | 4.2% | 8.6% | 4.0% | 5.1% |
| FCF Yield | 1.8% | 3.4% | 3.1% | 4.7% | 6.1% | 4.4% | 1.2% | 2.8% | — | 0.6% | 1.8% |
| Buyback Yield | 0.0% | 0.0% | 0.9% | 0.2% | 0.2% | 0.1% | 0.1% | 0.8% | 5.8% | 1.1% | 0.0% |
| Total Shareholder Yield | 0.2% | 0.4% | 1.4% | 0.8% | 0.9% | 0.7% | 0.9% | 1.6% | 6.9% | 1.9% | 0.8% |
| Shares Outstanding | — | $37M | $37M | $38M | $37M | $37M | $37M | $37M | $38M | $40M | $39M |
Peer Comparison
Compare CASY 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 |
|---|---|---|---|---|---|---|---|---|---|
 CASYYou | $32B | 58.6 | 28.7 | 54.5 | 23.5% | 5.0% | 16.8% | 11.3% | 2.5 |
 MUSA | $11B | 23.9 | 13.6 | 28.5 | 5.0% | 3.8% | 64.3% | 15.8% | 3.2 |
 ARKO | $731M | 43.5 | 18.5 | 11.2 | 3.4% | 1.3% | 6.1% | 2.3% | 16.7 |
 CAPL | $790M | 19.0 | 5.7 | 14.2 | 9.2% | 5.6% | — | 18.1% | 3.1 |
 SUN | $9B | 18.3 | 15.1 | 14.8 | 8.3% | 3.7% | 8.7% | 4.0% | 10.0 |
 NTB | $2B | 10.3 | 2.5 | 8.8 | 75.9% | 29.8% | 21.4% | 14.9% | 0.1 |
 DRVN | $2B | -7.3 | 125.0 | — | 52.4% | -6.0% | -38.6% | -2.2% | 83.0 |
 IMKTA | $2B | 20.1 | 7.7 | 42.4 | 23.9% | 2.2% | 5.3% | 5.0% | 2.3 |
 COKE | $18B | 30.9 | 17.4 | 28.2 | 39.7% | 13.2% | 168.3% | 34.2% | 2.6 |
 SBUX | $121B | 65.3 | 27.5 | 49.7 | 24.2% | 9.6% | — | 17.7% | 5.1 |
 DPZ | $11B | 18.5 | 15.0 | 16.3 | 40.0% | 19.3% | — | 73.5% | 5.0 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCASY — Frequently Asked Questions
Quick answers to the most common questions about buying CASY stock.
What is Casey's General Stores, Inc.'s P/E ratio?
Casey's General Stores, Inc.'s current P/E ratio is 58.6x. The historical average is 20.1x. This places it at the 100th percentile of its historical range.
What is Casey's General Stores, Inc.'s EV/EBITDA?
Casey's General Stores, Inc.'s current EV/EBITDA is 28.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.2x.
What is Casey's General Stores, Inc.'s ROE?
Casey's General Stores, Inc.'s return on equity (ROE) is 16.8%. The historical average is 15.4%.
Is CASY stock overvalued?
Based on historical data, Casey's General Stores, Inc. is trading at a P/E of 58.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Casey's General Stores, Inc.'s dividend yield?
Casey's General Stores, Inc.'s current dividend yield is 0.23% with a payout ratio of 13.2%.
What are Casey's General Stores, Inc.'s profit margins?
Casey's General Stores, Inc. has 23.5% gross margin and 5.0% operating margin.
How much debt does Casey's General Stores, Inc. have?
Casey's General Stores, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.