CASEYS GENERAL STORES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CASEYS GENERAL STORES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	7,507	8,391	9,353	9,175	8,707	12,953	15,094	14,863	15,941	17,561
Cost of revenue	5,825	6,622	7,398	7,031	6,351	10,190	12,022	11,515	12,188	13,240
Gross profit	1,681	1,769	1,955	2,145	2,356	2,763	3,072	3,348	3,752	4,321
Operating expenses	1,172	1,283	1,391	1,498	1,637	1,961	2,120	2,289	2,552	2,837
Interest expense	41.5	50.9	55.7	53.4	46.7	57	51.8	53.4	84	96.6
Pre-tax income	270	214	263
Income tax	92.2	-103	59.5	78.2	94.5	101	141	154	166	223
Net income	177	318	204	264	313	340	447	502	547	714
EPS, basic	4.54	8.41	5.55	7.14	8.44	9.14	11.99	13.51	14.72	19.28
EPS, diluted	4.48	8.34	5.51	7.10	8.38	9.10	11.91	13.43	14.64	19.16
Shares, basic (weighted)	39.1	37.8	36.7	37	37.1	37.2	37.3	37.2	37.1	37.1
Shares, diluted (weighted)	39.6	38.1	37	37.2	37.4	37.4	37.5	37.4	37.3	37.3
Dividend per share	0.96	1.04	1.16	1.28	1.32	1.39	1.52

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	76.7	53.7	63.3	78.3	337	159	379	206	327	523
Receivables	43.2	45	37.9
Inventory	202	242	273	236	287	396	376	429	480	557
Other current assets	9.18	5.77	7.49	9.8	11.2	17.9	22.1	25.8	24.6	29.8
Total current assets	351	397	411	387	724	725	921	830	1,013	1,364
Property, plant and equipment	2,513	2,903	3,122	3,324	3,493	3,981	4,215	4,669	5,413	5,749
Lease right-of-use assets				21.1	20.1	105	108	116	417	433
Goodwill	133	140	157	161	161	613	615	653	1,245	1,269
Other non-current assets	23.5	29.9	41.2	71.8	82.1	187	192	79.7	120	121
Total assets	3,020	3,470	3,731	3,944	4,460	5,506	5,943	6,347	8,208	8,936
Accounts payable	294	321	335	185	355	589	561	570	620	824
Accrued liabilities	136	131	163	188	255	291	314	331	386	425
Short-term debt	15.4	15.4	17.2	570	2.35	24.5	52.9	53.2	94.9	101
Total current liabilities	427	508	591	1,063	613	905	927	953	1,102	1,351
Long-term debt	907	1,292	1,283	715	1,361	1,663	1,621	1,583	2,414	2,330
Lease liabilities								111	435	459
Other non-current liabilities	19.7	21.6	24.1	50.7	72.4	148	159	57.8	69.4	72.2
Total liabilities	1,829	2,199	2,323	2,301	2,528	3,265	3,283	3,332	4,699	4,984
Total debt	923	1,307	1,300	1,269	1,350	1,616	1,580	1,536	2,405	2,321
Retained earnings	1,151	1,271	1,393	1,610	1,874	2,161	2,551	2,988	3,459	3,952
Shareholders' equity	1,191	1,271	1,409	1,643	1,933	2,241	2,661	3,015	3,509	3,952
Total equity	1,191	1,271	1,409	1,643	1,933	2,241	2,661	3,015	3,509	3,952
Total liabilities and equity	3,020	3,470	3,731	3,944	4,460	5,506	5,943	6,347	8,208	8,936
Shares outstanding	38.8	36.9	36.7	36.8	36.9	37.1	37.3	37	37.1	36.9

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	177	318	204	264	313	340	447	502	547	714
Depreciation and amortization	198	221	244	251	265	304	313	350	404	450
Stock-based compensation	10.7	18.8	16.4	18.1	32	38	47	41.4	47.7	63.4
Deferred income tax	45.2	-98.2	45.3	49.8	4.12	82.7	23.1	53.3	60	94.8
Change in receivables	-15.5	-1.8	7.19	-10.6	-26.3	-33	-12.5	-31.2	-1.3	-60.1
Change in inventory	4.4	-38.4	-29.6	37.7	-50.3	-98.3	-0.14	-51.8	-7.76	-90.1
Change in payables	40.3	14.8	12.5	-140	167	166	-9.48	-8.73	-20.8	159
Cash from operations	459	420	531	504	804	789	882	893	1,091	1,378
Capital expenditures	-433	-577	-395	-439	-441	-326	-477	-522	-506	-656
Acquisitions	-25.5	-37.2	-68.2	-32.7	-9.36	-902	-85.6	-330	-1,239	-142
Cash from investing	-455	-609	-458	-467	-444	-1,158	-545	-825	-1,727	-755
Debt issued	100	400	0	0	650	450	0	0	1,100	0
Debt repaid	-15.4	-15.7	-16	-17.5	-572	-189	-41	-53.7	-239	-94.9
Stock issued	2.36	1.38	2.29	2.96	1.78	0.13	0	0
Share buybacks	-47.9	-215	-37.5	0	0	0	0	-105	-0.73	-201
Dividends paid	-36.8	-38.8	-41.4	-46	-48	-51.2	-55.6	-62.9	-72.3	-83.1
Cash from financing	-3.61	167	-63.2	-22.7	-101	192	-117	-240	756	-426
Net change in cash	0.94	-23	9.62	15	258	-178	220	-172	120	196
Free cash flow	25.9	-158	136	65.3	363	462	405	371	585	722
Interest paid	41.3	48.8	56.3	54.3	48.5	54.5	56.8	63.4	86.6	111
Income taxes paid	53	24.3	-11.4	9.36	80.9	49.6	90.4	105	89.8	138

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $598.46 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	23.8%	Gross profit / revenue.
Net margin	4.1%	Net income / revenue.
FCF margin	3.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	7.4%	Cash from operations / revenue.
Return on equity (ROE)	18.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.5%	Net income / average total assets.
Stock-based pay / revenue	0.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	4.0%	Capital expenditures / revenue.
D&A / revenue	2.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	15.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	15.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	12.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	12.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	30.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	16.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	18.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	30.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	17.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	18.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	26.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	16.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	11.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	23.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	21.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	14.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	12.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	14.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	15.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	14.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.02x	Current assets / current liabilities.
Quick ratio	0.38x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.38x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.59x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	26.6%	Total debt / total assets.
Liabilities / assets	55.1%	Total liabilities / total assets.
Net debt	$1.91B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$25.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	14.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.81B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	2.05x	Revenue / average total assets.
Fixed asset turnover	3.18x	Revenue / average property, plant and equipment.
Inventory turnover	25.5x	Cost of revenue / average inventory.
Days inventory	14 days	365 x average inventory / cost of revenue.
Days payables	22 days	365 x average accounts payable / cost of revenue.
FCF conversion	84.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	53.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$20.81	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$502.73	Revenue / diluted weighted shares.
FCF per share	$17.47	Free cash flow / diluted weighted shares.
Operating cash flow per share	$37.40	Cash from operations / diluted weighted shares.
Book value per share	$110.22	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$75.65	Tangible book value / shares outstanding.
Cash per share	$14.11	(Cash + short-term investments) / shares outstanding.
Payout ratio	11.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	13.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	33.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$22.15B	Share price x shares outstanding.
Enterprise value	$24.05B	Market cap + total debt - cash - short-term investments.
P/E	28.7x	Market cap / net income. Only when net income is positive.
P/S	1.19x	Market cap / revenue.
P/B	5.41x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	7.88x	Market cap / tangible book value, when positive.
P/FCF	34.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	15.9x	Market cap / cash from operations, when positive.
EV/Sales	1.29x	Enterprise value / revenue.
EV/FCF	37.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.9%	Free cash flow / market cap.
Earnings yield	3.5%	Net income / market cap (the inverse of P/E).
Dividend yield	0.4%	Dividends paid over the period / market cap.
Shareholder yield	1.4%	(Dividends paid + share buybacks) / market cap.
PEG	1.67x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was CASEYS GENERAL STORES INC's revenue in fiscal 2026?

CASEYS GENERAL STORES INC reported revenue of $17.56B for fiscal 2026, 10.2% higher than the year before.

Was CASEYS GENERAL STORES INC profitable in fiscal 2026?

Yes. Net income was $714.4M, a net margin of 4.1%.

How much free cash flow did CASEYS GENERAL STORES INC generate in fiscal 2026?

Cash from operations of $1.38B minus capital expenditures of $655.9M left free cash flow of $721.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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