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Casey's key statistics and ratios

In fiscal 2026, Casey's had return on equity of 19.2% and a net margin of 4.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Apr 20102011Apr 20112012Apr 20122013Apr 20132014Apr 20142015Apr 20152016Apr 20162017Apr 20172018Apr 20182019Apr 20192020Apr 20202021Apr 20212022Apr 20222023Apr 20232024Apr 20242025Apr 20252026Apr 2026LTMJul 2026
Net margin2.5%1.7%1.6%1.4%1.6%2.3%3.2%2.4%3.8%2.2%2.9%3.6%2.6%3.0%3.4%3.4%4.1%4.1%
Return on equity14.2%15.4%25.3%18.9%19.6%22.9%23.1%15.6%25.8%15.2%17.3%17.5%16.3%18.2%17.7%16.8%19.2%19.2%
Return on assets8.4%6.3%6.8%5.5%5.9%7.6%8.7%6.2%9.8%5.7%6.9%7.4%6.8%7.8%8.2%7.5%8.3%8.6%
Effective tax rate35.6%37.4%36.3%36.6%34.5%36.0%35.2%34.2%−48.3%22.6%————————
Dividends ÷ net income14.8%21.6%19.9%23.8%21.4%16.7%14.8%20.7%12.2%20.3%17.4%15.3%15.1%12.5%12.5%13.2%11.6%11.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · July 31, 2026
What it owns · $9.1bn
Short-term assets $1.4bnLonger-term assets $7.7bn
What it owes, and who funded it · $9.1bn
Short-term liabilities $1.4bnLonger-term liabilities $3.7bnShareholders' equity $4.1bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $1.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $3.7bn of longer-dated liabilities.
  • More cash than debt $524m of cash against $2.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 59% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 81% to 59% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $2.4bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Casey's's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

52 /100

Moderate moat

How hard Casey's's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Net income has been a median 6.8% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 19.7%, moving by 3.4 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Net margin has been a median 3.2%; its worst year was 2.2%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 2.6% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.4% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CASY vs SFMCASY vs IMKTACASY vs WMKACI vs CASY

More: Food Retail stocks compared, Consumer Staples sector, rankings of US companies

Figures from Casey's's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Casey's.