Casey's General Stores, Inc. (CASY) Key Metrics
CASY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $25.47B
- Enterprise value
- $24.44B
- P/E (TTM)
- 33.2 10-yr median 23.9
- Forward P/E
- 29.1
- PEG ratio
- 2.70
- Price / sales
- 1.4 10-yr median 0.6
- Price / book
- 5.4 10-yr median 3.6
- EV / EBITDA
- 15.7 10-yr median 11.2
- Dividend yield
- 0.38% $2.60 a year
- Beta
- 0.58
CASY key metrics, FY2017–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsCASY valuation Price multiples at each fiscal year-end price.
CASY returns How much profit the business earns on the capital it uses.
CASY per-share figures Results divided by the shares outstanding at year-end.
CASY financial health Debt, liquidity and how easily interest is covered.
CASY efficiency & capital use Working capital cycle and where the cash goes.
CASY valuation history
CASY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CASY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CASY cash returned to shareholders
CASY price vs earnings per share
CASY key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $30.65B | $17.27B | $11.94B | $8.59B | $7.52B | $8.30B | $5.63B | $4.89B | $3.68B | $4.44B |
| Enterprise value | $33.03B | $19.91B | $13.49B | $9.88B | $9.05B | $9.33B | $6.96B | $6.21B | $4.98B | $5.28B |
| P/E ratio | 42.9 | 31.6 | 23.8 | 19.2 | 22.1 | 26.5 | 21.3 | 24.0 | 11.6 | 25.0 |
| Price / sales | 1.7 | 1.1 | 0.8 | 0.6 | 0.6 | 1.0 | 0.6 | 0.5 | 0.4 | 0.6 |
| Price / book | 7.8 | 4.9 | 4.0 | 3.2 | 3.4 | 4.3 | 3.4 | 3.5 | 2.9 | 3.7 |
| Price / free cash flow | 42.5 | 29.5 | 32.2 | 21.2 | 16.3 | 22.9 | 86.2 | 36.0 | — | 171.4 |
| Price / operating cash flow | 22.3 | 15.8 | 13.4 | 9.7 | 9.5 | 10.3 | 11.2 | 9.2 | 8.8 | 9.7 |
| EV / sales | 1.9 | 1.2 | 0.9 | 0.7 | 0.7 | 1.1 | 0.8 | 0.7 | 0.6 | 0.7 |
| EV / EBITDA | 23.8 | 16.4 | 12.6 | 10.3 | 11.3 | 13.0 | 10.8 | 11.0 | 10.2 | 10.4 |
| EV / free cash flow | 45.8 | 34.0 | 36.4 | 24.4 | 19.6 | 25.7 | 106.5 | 45.7 | — | 204.1 |
| Earnings yield | 2.3% | 3.2% | 4.2% | 5.2% | 4.5% | 3.8% | 4.7% | 4.2% | 8.6% | 4.0% |
| Free cash flow yield | 2.4% | 3.4% | 3.1% | 4.7% | 6.1% | 4.4% | 1.2% | 2.8% | −4.3% | 0.6% |
| Dividend yield | 0.3% | 0.4% | 0.5% | 0.6% | 0.7% | 0.6% | 0.8% | 0.8% | 1.1% | 0.8% |
| Shareholder yield (dividends + buybacks) | 0.9% | 0.4% | 1.4% | 0.8% | 0.7% | 0.6% | 0.8% | 1.6% | 6.9% | 1.9% |
| Share price at fiscal year-end | $822.15 | $462.59 | $319.58 | $228.82 | $201.30 | $222.19 | $151.41 | $132.35 | $96.60 | $112.07 |
| Per share | ||||||||||
| Revenue per share | $471.04 | $426.88 | $397.72 | $402.30 | $346.72 | $233.09 | $246.74 | $252.95 | $220.05 | $189.66 |
| Earnings per share | $19.16 | $14.64 | $13.43 | $11.91 | $9.10 | $8.38 | $7.10 | $5.51 | $8.34 | $4.48 |
| Operating cash flow per share | $36.95 | $29.21 | $23.89 | $23.51 | $21.11 | $21.53 | $13.56 | $14.35 | $11.01 | $11.60 |
| Free cash flow per share | $19.36 | $15.66 | $9.93 | $10.80 | $12.37 | $9.71 | $1.76 | $3.68 | −$4.13 | $0.65 |
| Cash per share | $14.03 | $8.75 | $5.53 | $10.10 | $4.25 | $9.01 | $2.10 | $1.71 | $1.41 | $1.94 |
| Book value per share | $106.00 | $93.96 | $80.69 | $70.91 | $59.98 | $51.74 | $44.19 | $38.10 | $33.34 | $30.08 |
| Tangible book value per share | $71.97 | $58.28 | $61.72 | $52.66 | $41.69 | $47.42 | $39.86 | $33.09 | $25.98 | $23.37 |
| Dividends per share | $2.23 | $1.94 | $1.68 | $1.48 | $1.37 | $1.28 | $1.24 | $1.12 | $1.02 | $0.93 |
| Capex per share | $17.59 | $13.56 | $13.97 | $12.70 | $8.74 | $11.81 | $11.80 | $10.67 | $15.14 | $10.95 |
| Debt per share | $77.92 | $79.21 | $46.86 | $44.60 | $45.18 | $36.51 | $37.78 | $37.20 | $35.32 | $23.34 |
| Shares outstanding | 37.3M | 37.3M | 37.4M | 37.5M | 37.4M | 37.4M | 37.2M | 37.0M | 38.1M | 39.6M |
| Change in shares outstanding | −0.2% | −0.1% | −0.4% | +0.4% | +0.0% | +0.5% | +0.6% | −3.0% | −3.7% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.2% | 16.8% | 17.7% | 18.2% | 16.3% | 17.5% | 17.3% | 15.2% | 25.8% | 15.6% |
| Return on invested capital (ROIC) | 12.6% | 11.4% | 12.8% | 12.6% | 11.4% | 11.8% | 10.7% | 9.3% | 11.5% | 10.5% |
| Return on assets (ROA) | 8.2% | 7.4% | 8.2% | 7.8% | 6.8% | 7.4% | 6.9% | 5.7% | 9.8% | 6.2% |
| Return on tangible assets | 9.3% | 7.7% | 8.9% | 8.5% | 7.0% | 7.3% | 7.0% | 5.7% | 10.0% | 6.4% |
| Free cash flow margin | 4.1% | 3.7% | 2.5% | 2.7% | 3.6% | 4.2% | 0.7% | 1.5% | −1.9% | 0.3% |
| Income quality (OCF / net income) | 1.93 | 2.00 | 1.78 | 1.97 | 2.32 | 2.57 | 1.91 | 2.60 | 1.32 | 2.59 |
| Financial health | ||||||||||
| Total debt | $2.91B | $2.96B | $1.75B | $1.67B | $1.69B | $1.36B | $1.40B | $1.38B | $1.35B | $923.7M |
| Cash & short-term investments | $523.0M | $326.7M | $206.5M | $378.9M | $158.9M | $336.5M | $78.3M | $63.3M | $53.7M | $76.7M |
| Net debt | $2.38B | $2.63B | $1.54B | $1.29B | $1.53B | $1.03B | $1.33B | $1.31B | $1.29B | $847.0M |
| Debt / equity | 0.74 | 0.84 | 0.58 | 0.63 | 0.75 | 0.71 | 0.85 | 0.98 | 1.06 | 0.78 |
| Debt / assets | 0.33 | 0.35 | 0.28 | 0.28 | 0.31 | 0.31 | 0.36 | 0.37 | 0.39 | 0.31 |
| Net debt / EBITDA | 1.72 | 2.17 | 1.44 | 1.35 | 1.91 | 1.43 | 2.05 | 2.33 | 2.66 | 1.66 |
| Current ratio | 1.01 | 0.92 | 0.87 | 0.99 | 0.80 | 1.18 | 0.36 | 0.69 | 0.78 | 0.82 |
| Quick ratio | 0.60 | 0.48 | 0.42 | 0.59 | 0.36 | 0.71 | 0.14 | 0.23 | 0.31 | 0.35 |
| Interest coverage | — | 8.2 | 10.9 | 10.7 | 8.7 | 9.7 | 7.3 | 5.7 | 5.1 | 7.4 |
| Working capital | $13.4M | −$88.8M | −$123.6M | −$6.2M | −$179.6M | $110.9M | −$676.2M | −$180.4M | −$111.0M | −$76.7M |
| Invested capital | $6.33B | $6.14B | $4.56B | $3.96B | $3.77B | $2.96B | $2.97B | $2.72B | $2.56B | $2.04B |
| Tangible asset value | $2.68B | $2.18B | $2.31B | $1.98B | $1.56B | $1.77B | $1.48B | $1.22B | $990.6M | $925.0M |
| Net current asset value | −$3.62B | −$3.92B | −$2.50B | −$2.36B | −$2.54B | −$1.80B | −$1.91B | −$1.91B | −$1.80B | −$1.48B |
| Graham number | $213.78 | $175.90 | $156.16 | $137.82 | $110.80 | $98.74 | $83.99 | $68.75 | $79.08 | $55.09 |
| Graham net-net per share | −$107.30 | −$113.19 | −$74.51 | −$69.50 | −$74.79 | −$53.03 | −$55.32 | −$56.06 | −$51.02 | −$40.54 |
| Capital allocation | ||||||||||
| Dividends paid | $83.1M | $72.3M | $62.9M | $55.6M | $51.2M | $48.0M | $46.0M | $41.4M | $38.8M | $36.8M |
| Share buybacks (net) | $200.5M | $734,000 | $104.9M | $16.4M | $0 | $0 | $0 | $37.5M | $214.7M | $47.9M |
| Dividend payout ratio | 11.6% | 13.2% | 12.5% | 12.5% | 15.1% | 15.3% | 17.4% | 20.3% | 12.2% | 20.7% |
| Dividends + buybacks / free cash flow | 39.3% | 12.5% | 45.2% | 17.8% | 11.1% | 13.2% | 70.3% | 58.1% | — | 327.1% |
| Capex / revenue | 3.7% | 3.2% | 3.5% | 3.2% | 2.5% | 5.1% | 4.8% | 4.2% | 6.9% | 5.8% |
| Capex / operating cash flow | 47.6% | 46.4% | 58.5% | 54.0% | 41.4% | 54.9% | 87.0% | 74.4% | 137.5% | 94.4% |
| Capex / depreciation | 1.46 | 1.25 | 1.49 | 1.52 | 1.08 | 1.66 | 1.75 | 1.62 | 2.61 | 2.19 |
| Stock-based compensation / revenue | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.2% | 0.2% | 0.2% | 0.1% |
| SG&A / revenue | 1.6% | — | — | — | — | — | — | 14.9% | 0.0% | 15.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 4.4 | 4.0 | 3.8 | 3.6 | 3.4 | 3.2 | 2.6 | 3.2 | 3.5 | 2.6 |
| Days of inventory on hand | 14.3 | 13.6 | 12.8 | 11.7 | 12.2 | 15.0 | 13.2 | 12.7 | 12.2 | 12.7 |
| Days payables outstanding | 19.9 | 17.8 | 17.9 | 17.4 | 16.9 | 15.5 | 13.5 | 16.2 | 17.0 | 16.8 |
| Cash conversion cycle (days) | -1.2 | -0.2 | -1.3 | -2.1 | -1.3 | 2.7 | 2.3 | -0.3 | -1.3 | -1.5 |
| Receivables turnover | 82.64 | 90.99 | 95.05 | 101.99 | 107.32 | 114.24 | 141.25 | 115.13 | 105.63 | 142.63 |
| Payables turnover | 18.33 | 20.49 | 20.38 | 20.92 | 21.58 | 23.51 | 27.04 | 22.53 | 21.52 | 21.77 |
| Inventory turnover | 25.53 | 26.82 | 28.62 | 31.13 | 29.85 | 24.30 | 27.62 | 28.75 | 29.87 | 28.65 |
| Asset turnover | 2.02 | 2.16 | 2.42 | 2.64 | 2.60 | 2.07 | 2.39 | 2.60 | 2.59 | 2.61 |
| Average receivables | $212.5M | $175.2M | $156.4M | $148.0M | $120.7M | $76.2M | $65.0M | $81.2M | $79.4M | $52.6M |
| Average payables | $722.1M | $595.0M | $565.0M | $574.7M | $472.1M | $270.1M | $260.0M | $328.3M | $307.7M | $267.6M |
| Average inventory | $518.6M | $454.4M | $402.4M | $386.1M | $341.4M | $261.3M | $254.5M | $257.4M | $221.7M | $203.3M |
| Intangibles / total assets | 14.2% | 15.8% | 11.2% | 11.5% | 12.4% | 3.6% | 4.1% | 5.0% | 8.1% | 8.8% |
Computed from CASY's annual financial statements (latest annual report filed June 22, 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.
CASY valuation and financial ratios
At the end of fiscal 2026 (April 30, 2026), Casey's traded at 42.9 times earnings, against a 10-year median of 23.9. Based on the latest twelve months, the trailing P/E is 33.2 and the forward P/E is 29.1. Casey's earned a return on equity of 19.2% and a return on invested capital of 12.6% in fiscal 2026. It ended the year with $2.9 billion of debt and $523.0 million in cash and short-term investments, net debt of $2.4 billion. It returned $283.6 million to shareholders: $83.1 million in dividends and $200.5 million in share buybacks, 39% of free cash flow. The share count fell 5.8% from 39.6M to 37.3M over 9 years.
See the CASY income statement, the CASY chart for price history, or the CASY stock overview for the latest quote and news.
CASY key metrics FAQ
What is Casey's's P/E ratio?
Casey's's trailing P/E ratio is 33.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 29.1. At the end of fiscal 2026 it was 42.9, compared with a 10-year median of 23.9.
What is Casey's's EV/EBITDA?
Casey's's enterprise value was 23.8 times EBITDA at the end of fiscal 2026 (enterprise value $33.0 billion, EBITDA $1.4 billion); the current EV/EBITDA is 15.7.
What is Casey's's return on equity?
Casey's's return on equity (ROE) was 19.2% in fiscal 2026: net income of $714.4 million on average shareholders' equity of $3.7 billion.
What is Casey's's ROIC?
Casey's's return on invested capital was 12.6% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Casey's have?
Casey's had total debt of $2.9 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.74 and $2.4 billion of net debt (1.72 times EBITDA).
What is Casey's's dividend yield?
Casey's's forward dividend yield is 0.38%. Casey's paid $83.1 million in dividends in fiscal 2026 ($2.23 per share), a payout ratio of 11.6%.
Does Casey's buy back its shares?
Yes. Casey's spent $200.5 million on net share repurchases in fiscal 2026 Shares outstanding changed −0.2% over the year, to 37.3M..
What is Casey's's free cash flow yield?
Casey's generated $721.6 million of free cash flow in fiscal 2026, a free cash flow yield of 2.4% on its market value at year-end ($30.7 billion).
What is Casey's's current ratio?
Casey's's current ratio was 1.01 at the end of fiscal 2026: current assets were 1.01 times current liabilities.