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Side-by-side financial comparison of APA Corporation (APA) 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 $2.3B, roughly 1.9× APA Corporation). APA Corporation runs the higher net margin — 19.2% vs 4.6%, a 14.6% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs -11.7%). APA Corporation produced more free cash flow last quarter ($477.0M vs $176.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs -9.5%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
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...
APA vs CASY — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $4.5B |
| Net Profit | $446.0M | $206.3M |
| Gross Margin | — | — |
| Operating Margin | — | 6.1% |
| Net Margin | 19.2% | 4.6% |
| Revenue YoY | -11.7% | 14.2% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | $1.26 | $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.
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $4.5B | ||
| Q3 25 | $2.3B | $4.6B | ||
| Q2 25 | $2.3B | $4.0B | ||
| Q1 25 | $2.7B | $3.9B | ||
| Q4 24 | $2.9B | $3.9B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.8B | $3.6B |
| Q1 26 | $446.0M | — | ||
| Q4 25 | $331.0M | $206.3M | ||
| Q3 25 | $205.0M | $215.4M | ||
| Q2 25 | $603.0M | $98.3M | ||
| Q1 25 | $418.0M | $87.1M | ||
| Q4 24 | $425.0M | $180.9M | ||
| Q3 24 | $-223.0M | $180.2M | ||
| Q2 24 | $541.0M | $87.0M |
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | 6.1% | ||
| Q3 25 | 33.7% | 6.1% | ||
| Q2 25 | 31.8% | — | ||
| Q1 25 | 31.9% | 2.8% | ||
| Q4 24 | 31.4% | 6.1% | ||
| Q3 24 | -5.2% | 5.8% | ||
| Q2 24 | 34.4% | — |
| Q1 26 | 19.2% | — | ||
| Q4 25 | 15.0% | 4.6% | ||
| Q3 25 | 9.0% | 4.7% | ||
| Q2 25 | 26.0% | 2.5% | ||
| Q1 25 | 15.4% | 2.2% | ||
| Q4 24 | 14.6% | 4.6% | ||
| Q3 24 | -8.1% | 4.4% | ||
| Q2 24 | 19.0% | 2.4% |
| Q1 26 | $1.26 | — | ||
| Q4 25 | $0.79 | $5.53 | ||
| Q3 25 | $0.57 | $5.77 | ||
| Q2 25 | $1.67 | $2.63 | ||
| Q1 25 | $0.96 | $2.33 | ||
| Q4 24 | $0.97 | $4.85 | ||
| Q3 24 | $-0.60 | $4.83 | ||
| Q2 24 | $1.46 | $2.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $293.0K | $492.0M |
| Total DebtLower is stronger | $4.3M | — |
| Stockholders' EquityBook value | — | $3.8B |
| Total Assets | $18.1M | $8.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $293.0K | — | ||
| Q4 25 | $516.0M | $492.0M | ||
| Q3 25 | $475.0M | $458.1M | ||
| Q2 25 | $107.0M | $326.7M | ||
| Q1 25 | $67.0M | $394.8M | ||
| Q4 24 | $625.0M | $351.7M | ||
| Q3 24 | $64.0M | $305.0M | ||
| Q2 24 | $160.0M | $206.5M |
| Q1 26 | $4.3M | — | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | $2.4B | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $6.1B | $3.8B | ||
| Q3 25 | $6.0B | $3.6B | ||
| Q2 25 | $5.9B | $3.5B | ||
| Q1 25 | $5.4B | $3.4B | ||
| Q4 24 | $5.3B | $3.3B | ||
| Q3 24 | $5.1B | $3.2B | ||
| Q2 24 | $5.4B | $3.0B |
| Q1 26 | $18.1M | — | ||
| Q4 25 | $17.8B | $8.6B | ||
| Q3 25 | $17.7B | $8.4B | ||
| Q2 25 | $18.1B | $8.2B | ||
| Q1 25 | $18.5B | $8.2B | ||
| Q4 24 | $19.4B | $7.7B | ||
| Q3 24 | $19.4B | $6.5B | ||
| Q2 24 | $20.2B | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | 0.69× | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $554.0M | $347.1M |
| Free Cash FlowOCF − Capex | $477.0M | $176.0M |
| FCF MarginFCF / Revenue | 20.5% | 3.9% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 1.24× | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $682.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $554.0M | — | ||
| Q4 25 | $808.0M | $347.1M | ||
| Q3 25 | $1.5B | $372.4M | ||
| Q2 25 | $1.2B | $333.9M | ||
| Q1 25 | $1.1B | $204.9M | ||
| Q4 24 | $1.0B | $270.7M | ||
| Q3 24 | $1.3B | $281.4M | ||
| Q2 24 | $877.0M | $288.4M |
| Q1 26 | $477.0M | — | ||
| 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 26 | 20.5% | — | ||
| 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 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% |
| Q1 26 | 1.24× | — | ||
| Q4 25 | 2.44× | 1.68× | ||
| Q3 25 | 7.12× | 1.73× | ||
| Q2 25 | 1.96× | 3.40× | ||
| Q1 25 | 2.62× | 2.35× | ||
| Q4 24 | 2.44× | 1.50× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | 1.62× | 3.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil revenues | $1.6B | 71% |
| Purchased oil and gas sales | $385.0M | 17% |
| Natural gas revenues | $157.0M | 7% |
| Natural gas liquids revenues | $141.0M | 6% |
CASY
Segment breakdown not available.
