# Casey's General Stores Inc (CASY) — Stock CV

Casey's General Stores Inc is a $23.9B consumer company. Revenue grew 13.8% over the last year, and it keeps 4¢ of every dollar of sales as profit. It trades at 30.9× earnings — around the middle of its own history.

> Casey's General Stores Inc, along with its subsidiaries, operates convenience stores mainly under the names Casey's, GoodStop (by Casey's), and Casey's General Store throughout various states in the USA, approximately half of which are located in Iowa, Missouri, and Illinois.

## Identity

- **Ticker**: CASY
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Auto Dealers & Gasoline Stations
- **Headquarters**: ANKENY, IA
- **Employees**: 49 848
- **Website**: https://www.caseys.com
- **Market cap**: $23.9B
- **Last price**: $646.27
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $18.7B
- **Net income**: $773M
- **Free cash flow**: $649M
- **P/E**: 30.9
- **Revenue growth (YoY)**: 13.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 47 |
| Growth | 77 |
| Profitability | 31 |
| Health | 62 |
| Quality | 84 |
| Moat | 56 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +13.8% YoY
- [x] Profitable — $773M TTM
- [x] Profit growing — +17.2% YoY
- [x] Generates cash — $649M TTM
- [ ] Debt under control — current ratio 1.02
- [x] Established company — $23.9B market cap
- [x] Not printing shares — -0.1% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [x] Financially stable — Altman Z 4.3 — safe
- [x] Pays a dividend — yield 0.36%
- [x] Valuation not extreme — P/E 30.9

## Experience (career milestones)

- **FY2026** — Best year on record: $714M net income
- **2024** — The company acquired Buchanan Energy and became the owner of 94 Bucky's Convenience Stores
- **2023** — Casey's purchased 63 Minit Mart and Certified Oil locations in Kentucky and Middle Tennessee
- **FY2022** — Revenue crossed $10B: $13.0B for the year
- **2021** — Casey's purchased 38 Pilot Food Mart locations and two truck stop locations from Pilot Company
- **FY2019** — Positive free cash flow every year since: 8-year streak
- **2016** — The company launched a mobile app
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $7.12B in first reported year
- **2011** — The company acquired 11 stores in Minnesota
- **2010** — Alimentation Couche-Tard, operator of several convenience store chains, including Circle K, offered…
- **2010** — Casey's ended merger discussions with 7-Eleven
- **2006** — Casey's acquired Lincoln, Nebraska-based Gas 'N Shop, with 58 stores
- **1983** — Casey's became a public company via an initial public offering
- **1982** — Casey's opened its first Distribution Center in Urbandale, Iowa

## Strengths

- Revenue growing 13.8% year over year
- Interest covered 10.7× by operating earnings
- Piotroski F-Score 8/9 — fundamentally strong checklist
- Altman Z-Score 4.25 — low bankruptcy-risk zone

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $13.0B | $340M | $462M |
| FY2023 | $15.1B | $447M | $405M |
| FY2024 | $14.9B | $502M | $371M |
| FY2025 | $15.9B | $547M | $585M |
| FY2026 | $17.6B | $714M | $722M |

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Source: https://stockcv.com/CASY — derived from company filings; may be delayed or incomplete. Information, not investment advice.