Reading the tape
NASDAQ: CASY
Casey's General Stores, Inc.
Consumer Cyclical · Specialty Retail
Market Cap
$30.98B
52w High
$836.71
52w Low
$430.00
P/E
47.62
Volume
377.40K
Outstanding Shares
37.07M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 83.5%Revenue (TTM): 9.22%FCF (TTM): 27.46%P/FCF: 81st pct
What changed
The stock rose 83.5% over the last year. Revenue grew 9.22% over the trailing twelve months. Operating margin moved from 4.94% to 6.29%. Free cash flow grew 27.46% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (81st percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 6.29% — continued expansion would be needed to justify the premium. Revenue growth of 9.22% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names in the United States.
CEODarren Rebelez
SectorConsumer Cyclical
IndustrySpecialty Retail
Employees23,338
IPO dateOct 20, 1983
Valuation
Forward P/E—
EV/EBITDA16.50
Enterprise value$19.8B
Stock splits
Feb 17, 1998↑ Forward
Every 1 shares became 2
Feb 16, 1994↑ Forward
Every 1 shares became 2
Aug 5, 1986↑ Forward
Every 1 shares became 2
Jun 25, 1985↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth0.32%
Gross margin23.89%▲4.50%vs FY2024
Operating margin6.29%▲4.64%vs FY2024
ROE15.58%▼6.43%vs FY2024
Analyst consensus
RatingBuy
Target price$688.10▼17.68%
15
Buy
9
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 8, 2026
Q2 FY26 · EPS est $3.30 · Revenue est $4.2B
View
Dividends
$2.28/shareQuarterlyDividend Aristocrat · 35yrSafeCASY pays a dividend with a 0.27% dividend yield, 35 consecutive years of growth, growing at 11.55% annually, covered 8.1× by free cash flow.
Dividend Yield
0.27%
Annual Div / Share
$2.28
5yr CAGR
+11.55%
Doubles every ~6.3yr
Payout Ratio
12.4%
Safe
Dividend Growth Rate
3yr CAGR
+14.47%
5yr CAGR
+11.55%
10yr CAGR
+9.99%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.28+14.0%
2025$2.00+16.3%
2024$1.72+13.2%
2023$1.52+9.4%
2022$1.39+5.3%
2021$1.32+3.1%
2020$1.28+10.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$3/yr
$0/mo
In 5 yrs
$5/yr+73%
$0/mo
In 10 yrs
$8/yr+198%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$3/yr $0/mo | $5/yr+73% $0/mo | $8/yr+198% $1/mo |
Yield-on-cost grows from 0.27% → 0.81% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
CASY has raised its dividend for 35 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 8.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 11.55% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in CASY
STOCK Act disclosures from senators and representatives.
Rick Larsen
WAhouseDemocratPurchase2026-04-07$1,001 - $15,000+9d to disclose