CrossAmerica Partners LP (CAPL) Key Metrics
CAPL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $827.6M
- Enterprise value
- $1.66B
- P/E (TTM)
- 15.8 10-yr median 33.9
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 0.2
- Price / book
- 256.0 10-yr median 6.9
- EV / EBITDA
- 8.9 10-yr median 11.3
- Dividend yield
- 9.69% $2.10 a year
- Beta
- 0.32
CAPL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCAPL valuation Price multiples at each fiscal year-end price.
CAPL returns How much profit the business earns on the capital it uses.
CAPL per-share figures Results divided by the shares outstanding at year-end.
CAPL financial health Debt, liquidity and how easily interest is covered.
CAPL efficiency & capital use Working capital cycle and where the cash goes.
CAPL valuation history
CAPL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CAPL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CAPL cash returned to shareholders
CAPL price vs earnings per share
CAPL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $787.9M | $839.8M | $869.1M | $754.7M | $722.1M | $641.6M | $621.9M | $486.3M | $804.1M | $840.5M |
| Enterprise value | $1.69B | $1.74B | $1.77B | $1.68B | $1.71B | $1.34B | $1.28B | $1.08B | $1.41B | $1.38B |
| P/E ratio | 18.8 | 42.2 | 21.7 | 12.2 | 33.3 | 6.0 | 34.4 | 92.6 | 34.7 | 78.5 |
| Price / sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.4 | 0.4 |
| Price / book | — | — | 289.0 | 9.5 | 12.8 | 5.9 | 7.9 | 4.4 | 4.7 | 3.8 |
| Price / free cash flow | 14.1 | 13.7 | 10.5 | 5.8 | 13.5 | 9.5 | 13.0 | 6.4 | 10.5 | 14.3 |
| Price / operating cash flow | 8.6 | 9.6 | 7.4 | 4.7 | 7.6 | 6.1 | 8.6 | 5.4 | 9.0 | 10.6 |
| EV / sales | 0.5 | 0.4 | 0.4 | 0.3 | 0.5 | 0.7 | 0.6 | 0.4 | 0.7 | 0.7 |
| EV / EBITDA | 9.0 | 11.8 | 10.7 | 9.5 | 14.9 | 7.3 | 13.0 | 10.6 | 15.6 | 15.8 |
| EV / free cash flow | 30.4 | 28.4 | 21.5 | 12.8 | 31.9 | 19.9 | 26.8 | 14.2 | 18.4 | 23.6 |
| Earnings yield | 5.3% | 2.4% | 4.6% | 8.2% | 3.0% | 16.7% | 2.9% | 1.1% | 2.9% | 1.3% |
| Free cash flow yield | 7.1% | 7.3% | 9.5% | 17.4% | 7.4% | 10.5% | 7.7% | 15.6% | 9.5% | 7.0% |
| Dividend yield | 10.2% | 9.5% | 9.2% | 10.6% | 11.0% | 12.1% | 11.6% | 15.5% | 10.4% | 9.5% |
| Shareholder yield (dividends + buybacks) | 10.2% | 9.5% | 9.2% | 13.8% | 11.0% | 12.1% | 11.6% | 15.5% | 10.4% | 9.9% |
| Share price at fiscal year-end | $20.60 | $22.00 | $22.80 | $19.83 | $19.06 | $17.17 | $18.05 | $14.16 | $23.75 | $25.19 |
| Per share | ||||||||||
| Revenue per share | $95.76 | $107.36 | $115.07 | $130.52 | $94.48 | $51.71 | $62.38 | $71.22 | $61.88 | $56.04 |
| Earnings per share | $1.09 | $0.52 | $1.05 | $1.63 | $0.57 | $2.88 | $0.52 | $0.15 | $0.68 | $0.32 |
| Operating cash flow per share | $2.39 | $2.30 | $3.07 | $4.24 | $2.52 | $2.80 | $2.10 | $2.61 | $2.63 | $2.38 |
| Free cash flow per share | $1.46 | $1.61 | $2.16 | $3.44 | $1.42 | $1.80 | $1.38 | $2.21 | $2.26 | $1.76 |
| Cash per share | $0.08 | $0.09 | $0.13 | $0.42 | $0.20 | $0.01 | $0.05 | $0.09 | $0.12 | $0.04 |
| Book value per share | −$1.88 | −$0.65 | $0.08 | $2.08 | $1.49 | $2.93 | $2.28 | $3.23 | $5.05 | $6.62 |
| Tangible book value per share | −$6.09 | −$5.28 | −$5.03 | −$3.53 | −$4.17 | −$1.93 | −$1.61 | −$1.07 | $0.17 | $1.53 |
| Dividends per share | $2.10 | $2.09 | $2.09 | $2.09 | $2.10 | $2.08 | $2.10 | $2.20 | $2.47 | $2.40 |
| Capex per share | $0.93 | $0.69 | $0.91 | $0.80 | $1.10 | $0.99 | $0.71 | $0.40 | $0.37 | $0.62 |
| Debt per share | $23.74 | $23.80 | $23.88 | $24.79 | $26.31 | $18.82 | $19.18 | $17.38 | $18.00 | $16.35 |
| Shares outstanding | 38.2M | 38.2M | 38.1M | 38.1M | 37.9M | 37.4M | 34.5M | 34.3M | 33.9M | 33.4M |
| Change in shares outstanding | +0.2% | +0.1% | +0.2% | +0.5% | +1.4% | +8.5% | +0.3% | +1.4% | +1.5% | +14.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | 97.6% | 91.3% | 26.1% | 114.3% | 19.1% | 3.7% | 11.8% | 4.4% |
| Return on invested capital (ROIC) | 20.1% | 7.9% | 8.7% | 9.3% | 3.9% | 14.9% | 6.0% | 4.7% | 4.2% | 4.4% |
| Return on assets (ROA) | 4.0% | 1.7% | 3.3% | 4.8% | 1.8% | 10.5% | 2.0% | 0.6% | 2.5% | 1.2% |
| Return on tangible assets | 5.2% | 2.1% | 4.1% | 5.9% | 1.9% | 11.9% | 2.2% | 0.7% | 3.0% | 1.4% |
| Free cash flow margin | 1.5% | 1.5% | 1.9% | 2.6% | 1.5% | 3.5% | 2.2% | 3.1% | 3.7% | 3.1% |
| Income quality (OCF / net income) | 2.19 | 4.41 | 2.92 | 2.60 | 4.41 | 0.97 | 4.00 | 17.09 | 3.84 | 7.42 |
| Financial health | ||||||||||
| Total debt | $907.9M | $908.6M | $910.5M | $943.4M | $996.6M | $703.3M | $660.9M | $596.9M | $609.5M | $545.5M |
| Cash & short-term investments | $3.1M | $3.4M | $5.0M | $16.1M | $7.6M | $513,000 | $1.8M | $3.2M | $3.9M | $1.4M |
| Net debt | $904.8M | $905.2M | $905.5M | $927.3M | $988.9M | $702.8M | $659.1M | $593.7M | $605.6M | $544.1M |
| Debt / equity | — | — | 302.78 | 11.92 | 17.62 | 6.41 | 8.43 | 5.38 | 3.56 | 2.47 |
| Debt / assets | 0.94 | 0.82 | 0.77 | 0.75 | 0.74 | 0.65 | 0.69 | 0.69 | 0.64 | 0.59 |
| Net debt / EBITDA | 4.82 | 6.14 | 5.45 | 5.23 | 8.63 | 3.80 | 6.67 | 5.82 | 6.70 | 6.22 |
| Current ratio | 0.72 | 0.73 | 0.67 | 0.68 | 0.65 | 0.51 | 0.62 | 0.58 | 0.86 | 0.87 |
| Quick ratio | 0.33 | 0.34 | 0.35 | 0.41 | 0.37 | 0.35 | 0.56 | 0.42 | 0.70 | 0.70 |
| Interest coverage | 4.3 | 1.3 | 2.0 | 3.0 | 2.0 | 7.0 | 1.6 | 1.1 | 1.2 | 1.4 |
| Working capital | −$44.1M | −$44.0M | −$52.6M | −$56.9M | −$57.6M | −$72.1M | −$43.2M | −$37.6M | −$13.0M | −$9.7M |
| Invested capital | $832.7M | $880.4M | $908.5M | $1.01B | $1.05B | $812.4M | $737.5M | $704.6M | $776.7M | $764.9M |
| Tangible asset value | −$233.1M | −$201.4M | −$191.7M | −$134.2M | −$158.1M | −$72.0M | −$55.4M | −$36.9M | $5.8M | $50.9M |
| Net current asset value | −$925.7M | −$1.02B | −$1.07B | −$1.06B | −$1.18B | −$897.5M | −$809.0M | −$705.1M | −$695.7M | −$645.8M |
| Graham number | — | — | $1.37 | $8.73 | $4.38 | $13.78 | $5.18 | $3.33 | $8.82 | $6.91 |
| Graham net-net per share | −$25.66 | −$28.29 | −$29.48 | −$29.21 | −$32.36 | −$25.08 | −$24.38 | −$21.15 | −$21.65 | −$20.13 |
| Capital allocation | ||||||||||
| Dividends paid | $80.3M | $79.9M | $79.7M | $79.6M | $79.6M | $77.8M | $72.3M | $75.6M | $83.8M | $80.0M |
| Share buybacks (net) | — | — | — | $24.4M | — | — | — | $0 | $0 | $3.3M |
| Dividend payout ratio | 191.9% | 401.4% | 198.8% | 128.5% | 367.4% | 72.4% | 400.2% | — | 361.7% | 747.5% |
| Dividends + buybacks / free cash flow | 144.0% | 129.9% | 96.7% | 79.5% | 148.4% | 115.3% | 151.6% | 99.4% | 109.5% | 141.9% |
| Capex / revenue | 1.0% | 0.6% | 0.8% | 0.6% | 1.2% | 1.9% | 1.1% | 0.6% | 0.6% | 1.1% |
| Capex / operating cash flow | 39.0% | 30.0% | 29.6% | 18.8% | 43.8% | 35.5% | 34.0% | 15.3% | 14.0% | 26.2% |
| Capex / depreciation | 0.40 | 0.35 | 0.45 | 0.38 | 0.54 | 0.54 | 0.45 | 0.21 | 0.22 | 0.38 |
| Stock-based compensation / revenue | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.1% | 0.2% |
| SG&A / revenue | 0.8% | 1.1% | 5.4% | 0.8% | 1.2% | 1.1% | 0.8% | 0.7% | 3.9% | 4.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 3.1 | 2.9 | 2.8 | 2.6 | 3.4 | 7.1 | 6.0 | 5.1 | 7.4 | 7.3 |
| Days of inventory on hand | 6.7 | 5.7 | 4.5 | 3.7 | 3.8 | 3.1 | 1.9 | 2.3 | 2.7 | 3.1 |
| Days payables outstanding | 8.0 | 7.9 | 7.5 | 6.3 | 8.0 | 13.5 | 8.7 | 6.4 | 7.3 | 7.2 |
| Cash conversion cycle (days) | 1.9 | 0.6 | -0.1 | -0.0 | -0.8 | -3.3 | -0.8 | 1.0 | 2.7 | 3.2 |
| Receivables turnover | 116.47 | 126.77 | 130.37 | 140.62 | 108.91 | 51.39 | 61.14 | 71.82 | 49.60 | 49.74 |
| Payables turnover | 45.84 | 46.00 | 48.83 | 57.50 | 45.80 | 27.05 | 42.10 | 57.03 | 49.79 | 50.81 |
| Inventory turnover | 54.18 | 64.06 | 80.36 | 98.31 | 95.23 | 116.69 | 196.41 | 155.67 | 136.75 | 118.62 |
| Asset turnover | 3.52 | 3.57 | 3.60 | 3.83 | 2.96 | 1.90 | 2.36 | 2.70 | 2.23 | 2.09 |
| Average receivables | $31.4M | $32.3M | $33.6M | $35.3M | $32.9M | $37.6M | $35.2M | $34.1M | $42.2M | $37.6M |
| Average payables | $72.6M | $80.4M | $82.0M | $79.8M | $72.1M | $63.6M | $47.4M | $39.9M | $38.8M | $33.7M |
| Average inventory | $61.4M | $57.8M | $49.8M | $46.7M | $34.7M | $14.7M | $10.2M | $14.6M | $14.1M | $14.5M |
| Intangibles / total assets | 16.7% | 15.8% | 16.5% | 17.0% | 16.0% | 16.8% | 14.0% | 17.1% | 17.4% | 18.2% |
Computed from CAPL's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CAPL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), CrossAmerica Partners traded at 18.8 times earnings, against a 10-year median of 33.9. Based on the latest twelve months, the trailing P/E is 15.8. CrossAmerica Partners earned a return on invested capital of 20.1% in fiscal 2025. It ended the year with $907.9 million of debt and $3.1 million in cash and short-term investments, net debt of $904.8 million. It returned $80.3 million to shareholders: $80.3 million in dividends and $0 in share buybacks, 144% of free cash flow. The share count rose 14.6% from 33.4M to 38.2M over 9 years.
See the CAPL income statement, the CAPL chart for price history, or the CAPL stock overview for the latest quote and news.
CAPL key metrics FAQ
What is CrossAmerica Partners's P/E ratio?
CrossAmerica Partners's trailing P/E ratio is 15.8 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 18.8, compared with a 10-year median of 33.9.
What is CrossAmerica Partners's EV/EBITDA?
CrossAmerica Partners's enterprise value was 9.0 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $187.8 million); the current EV/EBITDA is 8.9.
What is CrossAmerica Partners's ROIC?
CrossAmerica Partners's return on invested capital was 20.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does CrossAmerica Partners have?
CrossAmerica Partners had total debt of $907.9 million at the end of fiscal 2025 and $904.8 million of net debt (4.82 times EBITDA).
What is CrossAmerica Partners's dividend yield?
CrossAmerica Partners's forward dividend yield is 9.69%. CrossAmerica Partners paid $80.3 million in dividends in fiscal 2025 ($2.10 per share), a payout ratio of 191.9%.
What is CrossAmerica Partners's free cash flow yield?
CrossAmerica Partners generated $55.8 million of free cash flow in fiscal 2025, a free cash flow yield of 7.1% on its market value at year-end ($787.9 million).
What is CrossAmerica Partners's current ratio?
CrossAmerica Partners's current ratio was 0.72 at the end of fiscal 2025: current assets were 0.72 times current liabilities.