Casey's General Stores, Inc. (CASY) AI Stock Analysis

Casey's General Stores, Inc., along with its subsidiaries, operates a network of convenience stores under the names Casey's and Casey's General Store. Its stores offer freshly prepared foods such as pizza, donuts, and sandwiches, alongside beverages, tobacco and nicotine items, health and beauty aids, automotive goods, and self-service gasoline and diesel motor fuel. The stores also stock soft drinks, coffee, beer, wine, spirits, snacks, dairy products, housewares, and lottery tickets. Headquartered in Ankeny, Iowa, the company operated 2,452 convenience stores, as well as specialized locations including two tobacco shops, one liquor store, and one grocery store.

Between FY2022 and FY2026, revenue increased from $12.95B to $17.56B, achieving a 5-year revenue CAGR of 15.1%. Net income increased from $339.8M in FY2022 to $714.4M in FY2026, while diluted EPS grew from $9.09 to $19.16. Over that timeframe, gross margin expanded from 21.3% to 24.6%, and operating margin rose from 3.8% to 5.9%. Revenue declined 1.5% in FY2024 before rebounding 7.3% in FY2025 and 10.2% in FY2026. In the latest quarter ended July 31, 2026, quarterly revenue grew 24.3% year-over-year and quarterly earnings grew 27.7%. Trailing twelve month revenue reached $18.67B with an operating margin of 6.5%.

As of July 31, 2026, Casey's held $384.1M in cash and short-term investments against total debt of $2.89B, resulting in net debt of $2.50B. Total assets stood at $9.12B, shareholders' equity was $4.09B, and the current ratio was 1.02, alongside a debt-to-equity ratio of 0.71. In FY2026, operating cash flow was $1.38B and free cash flow was $721.6M. Cash capital allocation during FY2026 included $655.9M for capital expenditures, $200.5M for share buybacks, and $83.1M for dividends.

CASY has a market capitalization of $25.47B and an enterprise value of $24.44B. The stock trades at a trailing P/E of 33.2x and a forward P/E of 29.1x, both higher than the median of its S&P 500 Consumer Cyclical peers at 19.7x and 15.6x, respectively. Its EV/EBITDA is 15.7x compared to the peer median of 13.2x, while its price-to-sales of 1.4x is below the peer median of 2.0x. Over the past year, CASY returned 23.2% versus 16.8% for the S&P 500, and over five years it gained 278.1% compared to 83.0% for the index.

Casey's pays a quarterly dividend with an annualized forward payout of $2.60 per share, representing a dividend yield of 0.38%. The payout ratio is 11.8%, and dividends have been paid for 37 consecutive years. Over the last five years, the dividend grew at an annualized rate of 10.8%. The company's last ex-dividend date was October 30, 2026.

Wall Street analysts cover CASY with 12 Strong Buy, 4 Buy, and 4 Hold ratings, with zero Sell or Strong Sell ratings. The mean price target is $788.68, which is 14.4% above the last close of $689.22. For the current fiscal year ending April 30, 2027, consensus estimates project revenue of $20.95B and EPS of $21.31, representing 11.2% EPS growth. Casey's has beaten EPS estimates in each of the last 4 quarters, and its next earnings date is December 8, 2026.

This page is an AI-written research summary of Casey's General Stores, Inc. (CASY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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