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

CASEYS GENERAL STORES INC is the larger business by last-quarter revenue ($4.5B vs $4.3B, roughly 1.0× Aflac). Aflac runs the higher net margin — 23.4% vs 4.6%, a 18.9% gap on every dollar of revenue. On growth, Aflac posted the faster year-over-year revenue change (27.9% vs 14.2%). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs -8.0%).

Aflac Incorporated is an American insurance company and is the largest provider of supplemental insurance in the United States. It was founded in 1955 and is based in Columbus, Georgia. In the U.S., it underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays cash benefits when a policyholder has a covered accident or illness. The company states it "provides financial protection to more than 50 million people worldwide".

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...

AFL vs CASY — Head-to-Head

Bigger by revenue
CASY
CASY
1.0× larger
CASY
$4.5B
$4.3B
AFL
Growing faster (revenue YoY)
AFL
AFL
+13.7% gap
AFL
27.9%
14.2%
CASY
Higher net margin
AFL
AFL
18.9% more per $
AFL
23.4%
4.6%
CASY
Faster 2-yr revenue CAGR
CASY
CASY
Annualised
CASY
16.3%
-8.0%
AFL

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
AFL
AFL
CASY
CASY
Revenue
$4.3B
$4.5B
Net Profit
$1.0B
$206.3M
Gross Margin
Operating Margin
6.1%
Net Margin
23.4%
4.6%
Revenue YoY
27.9%
14.2%
Net Profit YoY
14.0%
EPS (diluted)
$1.98
$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
AFL
AFL
CASY
CASY
Q1 26
$4.3B
Q4 25
$4.9B
$4.5B
Q3 25
$4.7B
$4.6B
Q2 25
$4.2B
$4.0B
Q1 25
$3.4B
$3.9B
Q4 24
$5.4B
$3.9B
Q3 24
$2.9B
$4.1B
Q2 24
$5.1B
$3.6B
Net Profit
AFL
AFL
CASY
CASY
Q1 26
$1.0B
Q4 25
$1.4B
$206.3M
Q3 25
$1.6B
$215.4M
Q2 25
$599.0M
$98.3M
Q1 25
$29.0M
$87.1M
Q4 24
$1.9B
$180.9M
Q3 24
$-93.0M
$180.2M
Q2 24
$1.8B
$87.0M
Operating Margin
AFL
AFL
CASY
CASY
Q1 26
Q4 25
32.3%
6.1%
Q3 25
42.1%
6.1%
Q2 25
19.8%
Q1 25
4.3%
2.8%
Q4 24
39.5%
6.1%
Q3 24
3.1%
5.8%
Q2 24
39.3%
Net Margin
AFL
AFL
CASY
CASY
Q1 26
23.4%
Q4 25
28.3%
4.6%
Q3 25
34.6%
4.7%
Q2 25
14.4%
2.5%
Q1 25
0.9%
2.2%
Q4 24
35.2%
4.6%
Q3 24
-3.2%
4.4%
Q2 24
34.2%
2.4%
EPS (diluted)
AFL
AFL
CASY
CASY
Q1 26
$1.98
Q4 25
$2.58
$5.53
Q3 25
$3.08
$5.77
Q2 25
$1.11
$2.63
Q1 25
$0.05
$2.33
Q4 24
$3.45
$4.85
Q3 24
$-0.17
$4.83
Q2 24
$3.10
$2.34

Balance Sheet & Financial Strength

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

Metric
AFL
AFL
CASY
CASY
Cash + ST InvestmentsLiquidity on hand
$5.1B
$492.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$30.0B
$3.8B
Total Assets
$116.3B
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFL
AFL
CASY
CASY
Q1 26
$5.1B
Q4 25
$6.2B
$492.0M
Q3 25
$6.8B
$458.1M
Q2 25
$7.0B
$326.7M
Q1 25
$5.2B
$394.8M
Q4 24
$6.2B
$351.7M
Q3 24
$5.6B
$305.0M
Q2 24
$6.1B
$206.5M
Total Debt
AFL
AFL
CASY
CASY
Q1 26
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Stockholders' Equity
AFL
AFL
CASY
CASY
Q1 26
$30.0B
Q4 25
$29.5B
$3.8B
Q3 25
$28.7B
$3.6B
Q2 25
$27.2B
$3.5B
Q1 25
$26.3B
$3.4B
Q4 24
$26.1B
$3.3B
Q3 24
$24.8B
$3.2B
Q2 24
$26.0B
$3.0B
Total Assets
AFL
AFL
CASY
CASY
Q1 26
$116.3B
Q4 25
$116.5B
$8.6B
Q3 25
$122.3B
$8.4B
Q2 25
$124.7B
$8.2B
Q1 25
$120.3B
$8.2B
Q4 24
$117.6B
$7.7B
Q3 24
$128.4B
$6.5B
Q2 24
$120.2B
$6.3B
Debt / Equity
AFL
AFL
CASY
CASY
Q1 26
Q4 25
Q3 25
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
0.52×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFL
AFL
CASY
CASY
Q1 26
Q4 25
$315.0M
$347.1M
Q3 25
$1.3B
$372.4M
Q2 25
$399.0M
$333.9M
Q1 25
$589.0M
$204.9M
Q4 24
$333.0M
$270.7M
Q3 24
$1.3B
$281.4M
Q2 24
$255.0M
$288.4M
Free Cash Flow
AFL
AFL
CASY
CASY
Q1 26
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
FCF Margin
AFL
AFL
CASY
CASY
Q1 26
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%
Capex Intensity
AFL
AFL
CASY
CASY
Q1 26
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%
Cash Conversion
AFL
AFL
CASY
CASY
Q1 26
Q4 25
0.23×
1.68×
Q3 25
0.76×
1.73×
Q2 25
0.67×
3.40×
Q1 25
20.31×
2.35×
Q4 24
0.18×
1.50×
Q3 24
1.56×
Q2 24
0.15×
3.31×

Financial Flow Comparison

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

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