CASYCasey's
Is the business good?
A genuinely good business: earnings fully cash-backed (1.2×) and margins widening.
Operating profit is fully backed by cash.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Efficiency-driven, thin margins turned over fast (the retail model). ROE 17% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CASY?
Casey's earns 20% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 11 points above what the capital costs: growth creates value
- Operating margin
- 8.3%
Operating margin · Specialty Retail median 8.1% · 12 months to Q1 2027
- Cash conversion
- 1.16×
Cash conversion · 1.21× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −0.56%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2021 | 8.3% |
| FY2022 | 6.2% |
| FY2023 | 6.3% |
| FY2024 | 7.1% |
| FY2025 | 7.5% |
| FY2026 | 8.5% |
Details›
- Gross margin12 months to Q1 2027
- 24%
- Operating margin12 months to Q1 2027
- 8.3%
- Net margin12 months to Q1 2027
- 4.1%
- Free cash flow margin
- 3.5%
- Revenue, trailing twelve months
- $18.7B
- Free cash flow, trailing twelve months
- $649M
- Net income, trailing twelve months
- $773M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 20%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Specialty Retail
The closest names by size in the same industry