vs

Side-by-side financial comparison of Automatic Data Processing (ADP) and CASEYS GENERAL STORES INC (CASY). Click either name above to swap in a different company.

Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $4.5B, roughly 1.2× CASEYS GENERAL STORES INC). Automatic Data Processing runs the higher net margin — 19.8% vs 4.6%, a 15.2% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 6.2%). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs 1.0%).

Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.

Casey's Retail Company is a chain of convenience stores in the Midwestern and Southern United States. The company is headquartered in Ankeny, Iowa, a suburb of Des Moines. As of October 1, 2023, Casey's had 2,500 stores in 16 states. Following 7-Eleven's purchase of Speedway, Casey's is the third-largest convenience store chain in the United States and the largest that is wholly American-owned. It is one of two Iowa-based Fortune 500 companies. Casey's is famous for their pizza, including a b...

ADP vs CASY — Head-to-Head

Bigger by revenue
ADP
ADP
1.2× larger
ADP
$5.4B
$4.5B
CASY
Growing faster (revenue YoY)
CASY
CASY
+8.0% gap
CASY
14.2%
6.2%
ADP
Higher net margin
ADP
ADP
15.2% more per $
ADP
19.8%
4.6%
CASY
Faster 2-yr revenue CAGR
CASY
CASY
Annualised
CASY
16.3%
1.0%
ADP

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
ADP
ADP
CASY
CASY
Revenue
$5.4B
$4.5B
Net Profit
$1.1B
$206.3M
Gross Margin
46.1%
Operating Margin
25.8%
6.1%
Net Margin
19.8%
4.6%
Revenue YoY
6.2%
14.2%
Net Profit YoY
10.3%
14.0%
EPS (diluted)
$2.62
$5.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADP
ADP
CASY
CASY
Q4 25
$5.4B
$4.5B
Q3 25
$5.2B
$4.6B
Q2 25
$5.1B
$4.0B
Q1 25
$5.6B
$3.9B
Q4 24
$5.0B
$3.9B
Q3 24
$4.8B
$4.1B
Q2 24
$4.8B
$3.6B
Q1 24
$5.3B
$3.3B
Net Profit
ADP
ADP
CASY
CASY
Q4 25
$1.1B
$206.3M
Q3 25
$1.0B
$215.4M
Q2 25
$910.7M
$98.3M
Q1 25
$1.2B
$87.1M
Q4 24
$963.2M
$180.9M
Q3 24
$956.3M
$180.2M
Q2 24
$829.3M
$87.0M
Q1 24
$1.2B
$86.9M
Gross Margin
ADP
ADP
CASY
CASY
Q4 25
46.1%
Q3 25
45.2%
Q2 25
45.1%
Q1 25
47.7%
Q4 24
45.7%
Q3 24
45.5%
Q2 24
44.8%
Q1 24
47.3%
Operating Margin
ADP
ADP
CASY
CASY
Q4 25
25.8%
6.1%
Q3 25
25.3%
6.1%
Q2 25
23.2%
Q1 25
29.2%
2.8%
Q4 24
25.0%
6.1%
Q3 24
25.6%
5.8%
Q2 24
22.8%
Q1 24
29.4%
3.4%
Net Margin
ADP
ADP
CASY
CASY
Q4 25
19.8%
4.6%
Q3 25
19.6%
4.7%
Q2 25
17.8%
2.5%
Q1 25
22.5%
2.2%
Q4 24
19.1%
4.6%
Q3 24
19.8%
4.4%
Q2 24
17.4%
2.4%
Q1 24
22.6%
2.6%
EPS (diluted)
ADP
ADP
CASY
CASY
Q4 25
$2.62
$5.53
Q3 25
$2.49
$5.77
Q2 25
$2.23
$2.63
Q1 25
$3.06
$2.33
Q4 24
$2.35
$4.85
Q3 24
$2.34
$4.83
Q2 24
$2.01
$2.34
Q1 24
$2.88
$2.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADP
ADP
CASY
CASY
Cash + ST InvestmentsLiquidity on hand
$2.5B
$492.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.4B
$3.8B
Total Assets
$84.6B
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADP
ADP
CASY
CASY
Q4 25
$2.5B
$492.0M
Q3 25
$7.9B
$458.1M
Q2 25
$7.8B
$326.7M
Q1 25
$2.7B
$394.8M
Q4 24
$2.2B
$351.7M
Q3 24
$7.3B
$305.0M
Q2 24
$3.3B
$206.5M
Q1 24
$3.3B
$177.9M
Total Debt
ADP
ADP
CASY
CASY
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
ADP
ADP
CASY
CASY
Q4 25
$6.4B
$3.8B
Q3 25
$6.4B
$3.6B
Q2 25
$6.2B
$3.5B
Q1 25
$5.9B
$3.4B
Q4 24
$5.1B
$3.3B
Q3 24
$5.3B
$3.2B
Q2 24
$4.5B
$3.0B
Q1 24
$4.6B
$2.9B
Total Assets
ADP
ADP
CASY
CASY
Q4 25
$84.6B
$8.6B
Q3 25
$54.3B
$8.4B
Q2 25
$53.4B
$8.2B
Q1 25
$56.4B
$8.2B
Q4 24
$64.1B
$7.7B
Q3 24
$49.5B
$6.5B
Q2 24
$54.4B
$6.3B
Q1 24
$64.2B
$6.2B
Debt / Equity
ADP
ADP
CASY
CASY
Q4 25
Q3 25
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
0.52×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADP
ADP
CASY
CASY
Operating Cash FlowLast quarter
$1.1B
$347.1M
Free Cash FlowOCF − Capex
$176.0M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.07×
1.68×
TTM Free Cash FlowTrailing 4 quarters
$682.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADP
ADP
CASY
CASY
Q4 25
$1.1B
$347.1M
Q3 25
$642.3M
$372.4M
Q2 25
$1.4B
$333.9M
Q1 25
$1.5B
$204.9M
Q4 24
$1.2B
$270.7M
Q3 24
$824.4M
$281.4M
Q2 24
$1.3B
$288.4M
Q1 24
$1.5B
$122.8M
Free Cash Flow
ADP
ADP
CASY
CASY
Q4 25
$176.0M
Q3 25
$262.4M
Q2 25
$153.1M
Q1 25
$90.7M
Q4 24
$160.0M
Q3 24
$180.8M
Q2 24
$92.1M
Q1 24
$-27.0M
FCF Margin
ADP
ADP
CASY
CASY
Q4 25
3.9%
Q3 25
5.7%
Q2 25
3.8%
Q1 25
2.3%
Q4 24
4.1%
Q3 24
4.4%
Q2 24
2.6%
Q1 24
-0.8%
Capex Intensity
ADP
ADP
CASY
CASY
Q4 25
3.8%
Q3 25
2.4%
Q2 25
4.5%
Q1 25
2.9%
Q4 24
2.8%
Q3 24
2.5%
Q2 24
5.5%
Q1 24
4.5%
Cash Conversion
ADP
ADP
CASY
CASY
Q4 25
1.07×
1.68×
Q3 25
0.63×
1.73×
Q2 25
1.58×
3.40×
Q1 25
1.22×
2.35×
Q4 24
1.19×
1.50×
Q3 24
0.86×
1.56×
Q2 24
1.57×
3.31×
Q1 24
1.26×
1.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADP
ADP

HCM$2.2B42%
PEO Zero Margin Benefits Pass Throughs$1.1B21%
HRO$979.3M18%
Global$709.3M13%
Interest On Funds Held For Clients$308.6M6%

CASY
CASY

Segment breakdown not available.

Related Comparisons