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Casey's General Stores

CASY
42
Specialty Retail · Consumer Cyclical
Price
$859.12
+32.08 (+3.88%)
Market Cap
$31.79B
Exchange
NASDAQ
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores also provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers;

Winston Score History

Politician Trades

5 trades / 12mo

3 Congressional buys and 2 sells on CASY in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+49.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

0.7%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$465M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Casey's General Stores is growing revenue at 0% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.2% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 37.4M (2022) → 37.3M (2026)

Score breakdown

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Quality

Gross Margin
25.7%
Modest — 25.7% gross margin
Operating Margin
7.9%
Modest — 7.9% operating margin
ROCE
4.9%
Weak — 4.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+5.7%
Slow sales growth (5.7% YoY)
EPS YoY
-8.4%
Earnings shrinking (-8.4% YoY)

Slight earnings drop. Typical near a cyclical low.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
220%
Turns 220% of profit into real cash
FCF Margin
3.0%
Thin free cash flow (3.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.63
Moderate — manageable debt (0.63)
Interest Cover
10.98x
Comfortably covers interest (11.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
61.1x
Expensive — P/E 61.1

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward
+29.4
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (61.1 → 31.7)

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Dividends

Dividend Yield
0.28%
Small dividend — 0.28% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+14.0%
Dividend growing fast (14.0% YoY)

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