Murphy USA Inc. (MUSA)
Extended size range · 0.44x market cap
Convenience stores & fuel retail. Retail fuel and convenience stores; fuel exposure is higher than Casey's prepared-food mix.
No Charged Alpha episode is linked for this listing yet.
CASY · NasdaqGS
Casey's General Stores, Inc.
Specialty Retail · United States
USD 597.48-1.6% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$22.08B
- Trailing P/E
- 28.77x
- Forward P/E
- 25.48x
- Quarterly revenue growth
- 24.3%
- Trailing net margin
- 4.1%
- Indicated dividend yield
- 0.4%
Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-08 (provider estimate, not issuer-confirmed).
Company background
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, hot breakfast items, and sandwiches; and beverages, 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; health and beauty aids, automotive products, electronic accessories, and housewares. In addition, its stores offer motor fuel for sale on a self-service basis; gasoline and diesel fuel; and ATM, lotto/lottery, and prepaid cards, as well as car wash services. The company also operates distribution centers. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.
Company websiteQ1 FY2027
Go beyond the headline.
CASY Stock: A 15% Drop Still Leaves a Premium — Q1 FY2027 — Animated Studio Edition
Published 2026-09-09
Short takes Q1 FY2027
CASY Stock: Profit Jumps, Cash After Capex Falls — Q1 FY2027
Watch Short on YouTube
Q1 FY2027 REPORT HIGHLIGHTS
What’s changed for CASY
Casey’s Q1 FY2027 research: fuel spreads, softer inside growth, weaker cash after capex, and three transparent valuation routes behind a HOLD call.
The beat is real.
$7.37 EPS exceeded the dated $6.78 FMP estimate by 8.7%; revenue beat 2.1%.
Durability is the question.
Fuel spreads were high; inside comparable sales slowed.
Cash is the counterweight.
Capex rose 76.6%, taking residual cash down 27.7%.
Guidance was maintained.
EBITDA growth 8–10% is not an EPS forecast.
Price still matters.
$620.50 exceeds our $530 base despite the sharp intraday decline.
Comparable businesses
CASY peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | CASYCasey's General Stores, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 | MUSAMurphy USA Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | ATD.TOAlimentation Couche-Tard Inc.Snapshot 2026-09-20Financial period: 2026-07-19 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$22.08B | US$9.67B | US$51.90B | US$30.79Bn=2 |
| Forward P/EProvider forward earnings estimate | 25.48x | 17.15x | 15.65x | 16.40xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 15.63x | 9.96x | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 24.3% | 40.8% | 25.1% | 33.0%n=2 |
| Operating marginLatest reported quarter | 6.5% | 4.9% | 5.6% | 5.3%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 2.3% | 4.0% | — | — |
| Net debt / EBITDANet debt / trailing EBITDA | 1.51x | 2.10x | 1.91x | 2.00xn=2 |
| Debt / equityTotal debt / positive book equity | 0.71x | 3.53x | 0.92x | 2.22xn=2 |
| Trailing P/ETrailing twelve-month earnings | 28.77x | 16.10x | 16.43x | 16.27xn=2 |
| Price / bookPrice / positive book equity per share | 5.40x | 12.35x | 3.25x | 7.80xn=2 |
| EV / salesEnterprise value / trailing revenue | 1.31x | 0.64x | — | — |
| Earnings growthLatest quarter vs prior-year quarter | 27.7% | 53.1% | 9.8% | 31.5%n=2 |
| Gross marginTrailing twelve months | 23.8% | 8.1% | 18.2% | 13.1%n=2 |
| Net marginTrailing twelve months | 4.1% | 3.2% | 3.9% | 3.6%n=2 |
| Return on equityProvider trailing return; positive equity only | 20.0% | 86.4% | 19.6% | 53.0%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 2.7% | 2.0% | 3.4% | 2.7%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.4% | 0.5% | 1.1% | 0.8%n=2 |
| Earnings payoutProvider trailing dividend payout | 11.4% | 7.4% | 17.5% | 12.5%n=2 |
| Current ratioCurrent assets / current liabilities | 1.02x | 0.93x | 1.26x | 1.09xn=2 |
| BetaProvider historical market sensitivity | 0.59 | 0.25 | 0.71 | 0.48n=2 |
Alimentation Couche-Tard Inc. (ATD.TO)
Extended size range · 2.35x market cap
Convenience stores & fuel retail. Global convenience and fuel retail; broader international exposure than Casey's.
No Charged Alpha episode is linked for this listing yet.
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for CASY
Q1 FY20272026-09-09
FREE RESEARCH PACKET · Q1 FY2027
CASY: a strong quarter still leaves a demanding price
Casey’s Q1 FY2027 research: fuel spreads, softer inside growth, weaker cash after capex, and three transparent valuation routes behind a HOLD call.
Research published September 9, 2026 · Download original report
Read Research PacketCASY Stock: A 15% Drop Still Leaves a Premium — Q1 FY2027 — Animated Studio Edition
Studio edition · 2026-09-09 · YouTube
CASY Stock: A 15% Drop Still Leaves a Premium — Q1 FY2027
Presentation · 2026-09-09 · YouTube
Short takes Q1 FY2027
CASY Stock: Profit Jumps, Cash After Capex Falls — Q1 FY2027
Watch Short on YouTube
Q4 FY20262026-06-10
CASY Stock: A Gas-Station Pizza Chain Just Beat by 30% Q4 FY2026
Presentation · 2026-06-10 · YouTube
