Is the business good?
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.
20%
Return on invested capital · cost of capital 9.0% · 11 points above what the capital costs: growth creates value
- Operating margin
- 8.5%
Operating margin · Specialty Retail median 8.4% · 12 months to Q4 2026
- Cash conversion
- 1.01×
Cash conversion · 1.07× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 25%
Gross margin
| 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 Q4 2026
- 25%
- Operating margin12 months to Q4 2026
- 8.5%
- Net margin12 months to Q4 2026
- 4.1%
- Free cash flow margin
- 4.1%
- Revenue, trailing twelve months
- $17.6B
- Free cash flow, trailing twelve months
- $722M
- Net income, trailing twelve months
- $714M
- 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 from the cash flow statement.
Specialty Retail
Ranks #17 of 18 by Smart Score