Casey's General (CASY) AI Stock Analysis

• Market Cap: $18.52B
• Dividend Yield: 0.42%
• Average Volume (3M): 242.39K
• Price to Earnings (P/E): 34.0
• Beta (1Y): 0.47
• Revenue Growth: 7.25%
• EPS Growth: 9.12%
• Country: US
• Employees: 20,935
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Specialty Retail
• EPS (TTM): 2.63
• Shares Outstanding: 37,180,984
• 10 Day Avg. Volume: 246,915
• 30 Day Avg. Volume: 242,389
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 1.25
• Enterprise Value/Gross Profit: 5.31
• Enterprise Value/Ebitda: 16.61
• 1Y Price Target: $547.56
• Price Target Upside: 9.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 77 Outperform
• Price Target: $576.00 ▲(15.62% Upside)

Casey's General Stores demonstrates strong financial performance and positive earnings call sentiment, which are the most significant factors in its overall score. The technical analysis and valuation indicate some caution, with mixed signals and a relatively high P/E ratio. Corporate events further bolster the outlook with positive strategic moves.

Positive Factors

Competitive Positioning

Casey’s General Stores has a unique position in the U.S. convenience store landscape by focusing operations in small-town and rural markets, offering a meaningful competitive advantage.

Earnings

CASY delivered a sizable FQ4 beat with EPS 35% ahead of the consensus.

Guidance

Management issued its initial FY26 outlook, which suggests momentum from FY25 is expected to carry into FY26.

Negative Factors

Inside Sales

Inside same-store sales fell short of consensus expectations, affected by likely weather and calendar impacts.

Valuation

There was an inside sales miss and CASY's relatively rich valuation.

Casey's General Business Overview & Revenue Model

Company Description

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores that sells tobacco and nicotine products; one liquor store; and one grocery store. As of April 30, 2022, it operated 2,452 convenience stores. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

How the Company Makes Money

Casey's General Stores generates revenue through several key streams: fuel sales, grocery and convenience store merchandise, and prepared food services. A significant portion of its earnings comes from fuel sales, where the company benefits from selling gasoline to customers at competitive prices. Additionally, the grocery and convenience store merchandise includes snacks, beverages, and household goods, which contribute to overall sales. Prepared food services, particularly its popular pizza offerings, have become a crucial revenue driver, appealing to customers seeking quick meal options. The company also engages in strategic partnerships with suppliers and vendors to enhance its product offerings and improve operational efficiencies, further supporting its revenue growth.

Casey's General Financial Statement Overview

Summary

Casey's General exhibits solid financial health with strong profitability and cash flow metrics, bolstered by effective cost management and operational efficiency. The company's leverage is within reasonable limits, although the rising debt warrants monitoring. Continued attention to revenue growth and capital expenditure outcomes will be crucial to sustaining financial strength.

Income Statement

Casey's General shows strong revenue growth with a TTM (Trailing-Twelve-Months) revenue increase of 7.25% over the previous period. The gross profit margin stands at a healthy 22.86%, supported by efficient cost management. Net profit margin is robust at 3.43%, reflecting solid profitability. The company also maintains strong EBIT and EBITDA margins at 5.00% and 7.35% respectively, indicating operational efficiency. However, the slowdown in revenue growth compared to earlier years could be a concern.

Balance Sheet

The balance sheet is stable with a reasonable debt-to-equity ratio of 0.95, suggesting manageable leverage. The equity ratio is 42.74%, indicating a solid equity base. Return on equity (ROE) is commendable at 15.57%, showcasing effective utilization of equity. However, the increase in total debt over the years could pose a risk if not managed carefully.

Cash Flow

Casey's General demonstrates strong cash flow performance with a free cash flow growth rate of 57.67%, driven by operational efficiency. The operating cash flow to net income ratio is 1.96, indicating robust cash generation relative to net income. The free cash flow to net income ratio is 1.07, highlighting effective cash management. Yet, the negative investing cash flow suggests substantial capital expenditure, which may impact cash reserves if not yielding expected returns.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.94B	14.86B	15.09B	12.95B	8.71B
Gross Profit	3.75B	3.35B	3.07B	2.76B	2.36B
EBITDA	1.20B	1.06B	952.46M	801.24M	719.24M
Net Income	546.52M	501.97M	446.69M	339.79M	312.90M
Balance Sheet
Total Assets	8.44B	6.35B	5.94B	5.51B	4.46B
Cash, Cash Equivalents and Short-Term Investments	326.66M	206.48M	378.87M	158.88M	336.55M
Total Debt	2.96B	1.64B	1.67B	1.69B	1.36B
Total Liabilities	4.93B	3.33B	3.28B	3.26B	2.53B
Stockholders Equity	3.51B	3.02B	2.66B	2.24B	1.93B
Cash Flow
Free Cash Flow	584.63M	370.95M	405.38M	462.27M	362.84M
Operating Cash Flow	1.09B	892.95M	881.95M	788.74M	804.09M
Investing Cash Flow	-1.73B	-825.36M	-545.03M	-1.16B	-444.34M
Financing Cash Flow	755.99M	-239.98M	-116.93M	191.59M	-101.48M

Casey's General Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 498.18
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CASY, the sentiment is Neutral. The current price of 498.18 is below the 20-day moving average (MA) of 506.19, below the 50-day MA of 513.06, and above the 200-day MA of 449.53, indicating a neutral trend. The MACD of -4.59 indicates Positive momentum. The RSI at 40.72 is Neutral, neither overbought nor oversold. The STOCH value of 37.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CASY.

Casey's General Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSCO	80 Outperform	$32.60B	30.26	45.34%	1.50%	2.96%	-2.02%
DKS	79 Outperform	$16.76B	14.61	37.37%	2.08%	2.70%	4.58%
CASY	77 Outperform	$18.52B	34.03	16.75%	0.42%	7.25%	9.12%
BBY	70 Outperform	$15.74B	18.20	30.21%	4.91%	-3.23%	-28.11%
GPC	67 Neutral	$19.65B	23.47	17.50%	2.90%	2.65%	-32.91%
Sector *	61 Neutral	$17.96B	13.14	-5.29%	3.00%	1.25%	-13.95%
MUSA	59 Neutral	$7.19B	15.42	67.31%	0.54%	-7.95%	-2.60%

Casey's General Corporate Events

Casey’s General Approves Executive Incentives and Equity Awards

On June 4, 2025, Casey’s General Stores’ Compensation and Human Capital Committee approved significant fiscal measures for its executives, including 2025 fiscal year incentive payouts and 2026 long-term equity awards. The company reported a strong financial performance for the fiscal year ending April 30, 2025, with a 9% increase in diluted EPS and a record net income of $546.5 million. The company also expanded its store count significantly, acquiring 270 stores, including 198 CEFCO locations, and increased its quarterly dividend by 14%.