Consumer Staples · Food Retail · US stock · price as of 16 Oct 2026
Key indicators
Price
$689.22
52-week range
$496.20 – $927.15
Market cap
$25.6B
P/E (trailing)
33.2×
EV / EBITDA
–
Free-cash-flow yield
2.5%
Dividend yield
0.3%
Revenue (last 12 months)
$18.7B
Revenue growth (3y a year)
5.2%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Blended fair value$421.15 book-value models
Versus priceOvervalued−39% to fair value
Peer multiples
$421.15
Model uncertainty
Medium
X-Ray Score
62/ 100 · Medium confidence · ahead of 83% of sector peers
Valuation23
Growth79
Profitability67
Financial health83
Dividends64
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Casey's General Stores runs convenience stores, mostly in small towns across the Midwest and nearby states. The stores offer motor fuel, packaged food and beverages, tobacco, and a well known prepared food menu that features pizza. The company also operates a central kitchen and distribution operations. Revenue comes mainly from fuel and in-store sales, with prepared food usually contributing more profit per sale.
Over the last twelve months Caseys General Stores Inc reported revenue of $18.7 billion. Over three years revenue has grown by 5.2% a year. It pays a dividend with a yield of 0.3%. Return on invested capital describes how much profit the business earns relative to the money put into it.
StocksXray gives Caseys General Stores Inc an X-Ray Score of 62 out of 100 (medium confidence), ahead of 83% of the S&P 500 stocks in its sector. Its strongest lens is financial health (83) and its weakest is valuation (23).
Our fair value blend is $421.15. At $689.22 the stock trades 64% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Caseys General Stores Inc (CASY)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$196.83
$225.28
$316.59
$459.98
$820.96
$689.22
Market cap
$7.4B
$8.5B
$11.8B
$17.2B
$30.6B
$25.6B
P/E
21.6×
18.9×
23.6×
31.4×
42.8×
33.2×
EV / revenue
0.7×
0.6×
0.9×
1.2×
1.9×
1.5×
EV / EBITDA
–
–
–
–
–
–
Price / free cash flow
15.9×
20.9×
31.9×
29.4×
42.4×
39.4×
Free-cash-flow yield
6.3%
4.8%
3.1%
3.4%
2.4%
2.5%
Price / book
3.3×
3.2×
3.9×
4.9×
7.7×
6.3×
Dividend yield
0.71%
0.67%
–
–
–
0.34%
Fundamentals checklist ● 5 Good · ● 2 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−6.8%Good
Free-cash-flow yield2.5%Bad
Risk models
Piotroski F-Score9 of 9Good
Growth
EPS growth (3y)17.2%Good
Free-cash-flow growth (3y)21.2%Average
Revenue growth (3y)5.2%Good
Growth consistency90%Good
Balance sheet
Current ratio1.0×Average
Valuation
Fair value vs price0.6×Bad
XStocksXray
Caseys General Stores Inc (CASY)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
12,953
15,094
14,863
15,941
17,561
18,672
Gross profit
–
–
–
–
–
–
Operating income
–
–
–
–
–
–
Net income
340
447
502
547
714
773
Diluted EPS ($)
9.10
11.91
13.43
14.64
19.16
20.75
Free cash flow
462
405
371
585
722
649
Gross margin
–
–
–
–
–
–
Operating margin
–
–
–
–
–
–
Net margin
2.6%
3.0%
3.4%
3.4%
4.1%
4.1%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
5,506
5,943
6,347
8,208
8,936
9,121
Cash
159
379
206
327
523
524
Total debt
1,688
1,673
1,636
2,509
2,432
2,431
Equity
2,241
2,661
3,015
3,509
3,952
4,094
Dividend per share ($)
1.39
1.52
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Apr 2025
Jul 2025
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Revenue ($M)
3,993
4,567
4,506
3,916
4,572
5,678
Growth vs a year earlier
+10.9%
+11.5%
+14.2%
+0.3%
+14.5%
+24.3%
Net income ($M)
98
215
206
130
163
274
Diluted EPS ($)
–
5.77
5.53
3.49
–
7.37
XStocksXray
Caseys General Stores Inc (CASY)
Peers in Food Retail
Company
X-Ray
CASY · Caseys General Stores Inc
62
Market Compass outlook for Consumer Staples: Neutral (41/100). It blends regime history, macro sensitivity, momentum and valuation.
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.