CASY
Consumer CyclicalCasey's General Stores, Inc. · Specialty Retail · $31B
What is Casey's General Stores, Inc.?
Casey's General Stores operates a large network of convenience stores across the United States, primarily serving smaller towns and rural communities. The company combines fuel sales with an in-store food and grocery offering that sets it apart from typical gas station retailers.
Casey's earns revenue through two main channels: motor fuel sold on a self-service basis, and in-store merchandise and prepared food. The prepared food program — anchored by made-from-scratch pizza — is a meaningful traffic driver and margin contributor. Beyond food, stores carry everyday essentials including snacks, beverages, tobacco products, and health and beauty items. Casey's also operates distribution centers to support its store network and offers ancillary services such as ATMs, lottery, and car washes.
Casey's was founded in 1959 and is headquartered in Ankeny, Iowa.
- Made-from-scratch pizza, donuts, and breakfast items
- Self-service gasoline and diesel fuel
- Packaged beverages, snacks, and grocery staples
- Tobacco, nicotine, and alcohol products
- Car wash, ATM, and lottery services
Is CASY a Good Stock to Buy?
UQS Score rates CASY as Below Average overall, reflecting a mixed picture across the five quality pillars.
The Quality, Growth, and Risk pillars each land at Neutral, suggesting Casey's is a reasonably stable operator without glaring financial red flags. The business generates consistent revenue from both fuel and in-store sales, and its rural-focused store footprint faces less direct competition than urban convenience chains.
The Moat pillar scores Weak, indicating limited structural competitive advantages relative to the broader sector. Valuation is also Neutral, meaning the stock does not appear particularly cheap relative to its quality profile.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CASY pay dividends?
Yes — Casey's General Stores, Inc. pays a dividend.
Casey's pays a regular dividend, reflecting the company's relatively stable cash generation from its convenience store and fuel operations. The dividend has historically been modest in size, consistent with a business that also reinvests in store growth and acquisitions. Income-oriented investors may find the payout a useful complement to the core business story.
When does CASY report earnings?
Casey's General Stores reports earnings on a quarterly cadence, typical for US-listed equities.
Results tend to be influenced by fuel margin volatility, same-store sales trends in prepared food, and the pace of new store openings or acquisitions. Inside-the-store categories — particularly prepared food — have been a focus area for management as a driver of higher-margin growth.
For the most recent quarter's results, visit Casey's General Stores' investor relations page directly.
CASY Price History
+264.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Casey's General Stores, Inc.?
Based on Casey's General Stores, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CASY Long-term Outlook
With Growth and Risk both rated Neutral, Casey's fundamental trajectory appears steady rather than accelerating. The company's rural store concentration provides some insulation from competitive pressure, but fuel volume sensitivity and food cost fluctuations remain ongoing variables. The Weak Moat rating suggests the business may find it difficult to sustain above-average returns over a full market cycle without continued operational execution.
Growth drivers
- Expansion of the prepared food program driving higher in-store margins
- New store openings and bolt-on acquisitions in underserved rural markets
- Growth in private-label and loyalty program initiatives
Key risks
- Fuel margin volatility tied to commodity price swings
- Limited pricing power given the Weak Moat rating
- Consumer spending pressure in the convenience and discretionary food categories
CASY vs Peers
Casey's operates in the Consumer Cyclical sector alongside a range of specialty retailers that compete for discretionary consumer spending, though each serves a distinct niche.
Ulta focuses exclusively on beauty retail and salon services, giving it a differentiated loyalty ecosystem that Casey's convenience model does not replicate.
Tractor Supply targets rural lifestyle consumers with farm and ranch supplies, overlapping with Casey's rural geographic footprint but serving a different purchase occasion.
Williams-Sonoma serves the premium home furnishings market, operating at a higher average ticket and with a stronger e-commerce presence than Casey's store-based model.
Frequently Asked Questions
What does Casey's General Stores do?
Casey's operates convenience stores across the United States, with a particular focus on smaller towns and rural areas. Stores sell motor fuel, prepared food — most notably made-from-scratch pizza — packaged groceries, beverages, tobacco, and everyday essentials. The company also runs distribution centers and offers services like ATMs, lottery, and car washes.
Does CASY pay dividends?
Yes, Casey's General Stores pays a regular dividend. The payout reflects the company's relatively consistent cash generation from fuel and in-store sales. The dividend has historically been modest, with the company also directing capital toward store expansion and acquisitions.
When does CASY report earnings?
Casey's reports on a quarterly cadence, as is standard for US-listed companies. Specific upcoming dates are not provided here — check Casey's investor relations page for the current earnings calendar.
Is CASY a good stock to buy?
UQS Score rates CASY as Below Average overall. The Quality, Growth, and Risk pillars are each Neutral, while the Moat pillar is Weak. This profile suggests a stable but competitively limited business. Whether it fits your portfolio depends on your own investment criteria — the full pillar breakdown is available to UQS Pro members.
Is CASY overvalued?
The UQS Valuation pillar for CASY is rated Neutral, meaning the stock does not appear obviously cheap or expensive relative to its quality profile. Investors seeking a margin of safety may want to review the detailed metrics available in the full UQS Pro report.
How does CASY compare to its competitors?
Casey's occupies a distinct niche — rural convenience stores with a strong prepared food program — that differs from peers like Tractor Supply, Ulta Beauty, and Williams-Sonoma. Each competitor serves a different consumer need and operates a different business model, making direct comparisons more about sector dynamics than head-to-head rivalry.
What is CASY's market cap bracket?
Casey's General Stores is classified as a large-cap company. This places it among the more established and widely followed names in the Consumer Cyclical sector, with greater liquidity than mid- or small-cap convenience retail operators.
Who founded Casey's General Stores?
Casey's General Stores was founded by Donald Lamberti, who opened the first store in Iowa. The company has grown from a single location into one of the largest convenience store chains in the United States, maintaining its headquarters in Ankeny, Iowa.
Is CASY a long-term quality investment?
As a long-term quality indicator, the UQS Score rates CASY Below Average. The Weak Moat score suggests limited structural advantages that could sustain above-average returns over a full cycle. Neutral scores across Quality, Growth, and Risk indicate stability without standout characteristics. Pro members can view the complete analysis to assess fit for a long-term portfolio.
What is the main competitive advantage of Casey's General Stores?
Casey's primary advantage is its focus on rural and small-town markets where competition from larger convenience chains is limited. Its made-from-scratch food program — particularly pizza — also drives repeat visits and higher in-store margins compared to typical convenience retailers. However, the UQS Moat pillar rates this advantage as Weak on a sector-relative basis.
What sector does CASY belong to?
Casey's General Stores is classified in the Consumer Cyclical sector. This reflects the company's exposure to consumer spending patterns, fuel price cycles, and discretionary food purchases — all of which can fluctuate with broader economic conditions.
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Pro Analysis
CASY — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 41.7 | 46.6 | 33.0 | 48.0 | 51.2 | 30.1 | +0.4 |
| May 20, 2026 | 41.3 | 46.6 | 33.0 | 47.1 | 51.2 | 28.6 | +0.1 |
| May 19, 2026 | 41.2 | 46.6 | 33.0 | 47.1 | 51.2 | 28.4 | -0.1 |
| May 16, 2026 | 41.3 | 46.6 | 33.0 | 47.1 | 51.2 | 28.5 | +0.2 |
| May 15, 2026 | 41.1 | 46.6 | 33.0 | 47.1 | 51.2 | 27.2 | +0.1 |
| May 14, 2026 | 41.0 | 46.6 | 33.0 | 47.1 | 51.2 | 26.6 | -0.1 |
| May 13, 2026 | 41.1 | 46.6 | 33.0 | 46.9 | 51.2 | 27.5 | +0.1 |
| May 12, 2026 | 41.0 | 46.6 | 33.0 | 46.9 | 51.2 | 27.0 | -0.1 |
| May 11, 2026 | 41.1 | 46.6 | 33.0 | 46.9 | 51.2 | 28.0 | +1.5 |
| May 10, 2026 | 39.6 | 35.9 | 33.0 | 46.9 | 51.2 | 35.6 | +0.2 |
CASY — Pillar Breakdown
Quality
— 46.6/100 (25%)Casey's General Stores, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 48.0/100 (20%)Casey's General Stores, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 51.2/100 (15%)Casey's General Stores, Inc. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 30.1/100 (15%)Casey's General Stores, Inc. appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 33/100 (25%)Casey's General Stores, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CASY.
Score Composition
Financial Data
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How is the CASY UQS Score Calculated?
The UQS (Unified Quality Score) for Casey's General Stores, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Casey's General Stores, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Casey's General Stores, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.