AI Takeaway
Casey's General Stores (CASY) delivered strong FY2026 results with revenue rising 10.2% to $17.6B and net income surging 30.7% to $714.4M, driven by robust operating cash flow generation and disciplined capital allocation.
Revenue
$17.56B
++10.16% YoY
EPS (Basic)
$19.28
++30.98% YoY
Filed · Source: SEC EDGAR 10-K filing
Total revenue grew 10.2% year-over-year to $17.56B in FY2026 (from $15.94B in FY2025), reflecting continued expansion of Casey's store network and strong consumer demand at its convenience stores and fuel operations.
Source: Source: 10-K Income Statement
Net income jumped 30.7% to $714.4M, with diluted EPS rising from $14.64 to $19.16, indicating meaningful operating leverage and improved profitability beyond just top-line growth.
Source: Source: 10-K Income Statement
Operating cash flow increased 26.3% to $1.38B in FY2026, providing ample liquidity to fund capital expenditures, debt service, dividends, and a substantially increased share repurchase program.
Source: Source: 10-K Cash Flow Statement
2 more insights available
Upgrade to unlockAs a convenience store operator with significant fuel sales, Casey's revenue and margins are highly sensitive to fluctuations in wholesale fuel prices. A sharp decline in retail fuel prices could compress fuel gross profit per gallon, while rapid price increases may suppress consumer demand and volumes.
Source: Source: 10-K Risk Factors (inferred from business model and revenue base)
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $4.37 versus the $3.36 analyst consensus — a +30.0% beat for FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $17.56B | $15.94B | +10.16% |
Net Income | $714.45M | $546.52M | +30.73% |
EPS (Basic) | $19.28 | $14.72 | +30.98% |
EPS (Diluted) | $19.16 | $14.64 | +30.87% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $8.94B | $8.21B | +8.87% |
Current Assets | $1.36B | $1.01B | +34.67% |
Total Liabilities | $4.98B | $4.7B | +6.06% |
Current Liabilities | $1.35B | $1.1B | +22.59% |
Stockholders' Equity | $3.95B | $3.51B | +12.63% |
Cash & Equivalents | $522.99M | $326.66M | +60.10% |
Long-Term Debt | $2.32B | $2.41B | -3.51% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $1.38B | $1.09B | +26.28% |
Investing Cash Flow | $-755.43M | $-1.73B | +56.25% |
Financing Cash Flow | $-425.78M | $755.99M | -156.32% |
Dividends Paid | $83.14M | $72.31M | +14.97% |
Share Buybacks | $200.5M | $734,000 | +27216.76% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Margin | 4.1% | — | — |
ROE | 18.1% | — | — |
ROA | 8.0% | — | — |
Current Ratio | $1.01 | — | — |
Debt to Equity | $1.261 | — | — |
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Casey's General Stores delivered strong FY2026 results with revenue of $17.56B (+10.2% YoY) and net income of $714.4M (+30.7% YoY). Diluted EPS rose to $19.16 from $14.64 in the prior year, reflecting significant earnings growth.
Casey's revenue grew 10.2% to $17.56B in FY2026, consistent with the company's ongoing store network expansion and strong consumer activity at its convenience stores and fuel locations. Operating cash flow also surged 26.3% to $1.38B, underscoring the quality of earnings growth.
Yes, Casey's dramatically increased its share repurchase activity in FY2026, spending $200.5M on buybacks compared to just $0.7M in FY2025 — an increase of over 27,000%. Combined with $83.1M in dividends, the company returned approximately $283.6M to shareholders during the fiscal year.
Casey's balance sheet shows total assets of $8.94B and stockholders' equity of $3.95B (+12.6% YoY), with cash and equivalents rising 60.1% to $523M. The current ratio of 1.01 is tight but manageable, and long-term debt declined slightly to $2.32B, suggesting a stable financial position.
Key risks include fuel price volatility, which can significantly impact revenue and margins given Casey's large fuel retail business, and a thin net margin of ~4.1% that leaves limited buffer against cost pressures. Additionally, a debt-to-equity ratio of 1.26 and a current ratio barely above 1.0 highlight the need for continued strong cash generation to maintain financial flexibility.