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

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $4.5B, roughly 1.8× CASEYS GENERAL STORES INC). Athene Holding Ltd. runs the higher net margin — 6.4% vs 4.6%, a 1.9% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 14.2%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 16.3%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

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...

ATHS vs CASY — Head-to-Head

Bigger by revenue
ATHS
ATHS
1.8× larger
ATHS
$8.1B
$4.5B
CASY
Growing faster (revenue YoY)
ATHS
ATHS
+100.9% gap
ATHS
115.1%
14.2%
CASY
Higher net margin
ATHS
ATHS
1.9% more per $
ATHS
6.4%
4.6%
CASY
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
16.3%
CASY

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ATHS
ATHS
CASY
CASY
Revenue
$8.1B
$4.5B
Net Profit
$523.0M
$206.3M
Gross Margin
Operating Margin
16.9%
6.1%
Net Margin
6.4%
4.6%
Revenue YoY
115.1%
14.2%
Net Profit YoY
-48.5%
14.0%
EPS (diluted)
$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
ATHS
ATHS
CASY
CASY
Q4 25
$8.1B
$4.5B
Q3 25
$8.0B
$4.6B
Q2 25
$5.4B
$4.0B
Q1 25
$4.2B
$3.9B
Q4 24
$3.8B
$3.9B
Q3 24
$6.5B
$4.1B
Q2 24
$4.7B
$3.6B
Q1 24
$5.7B
$3.3B
Net Profit
ATHS
ATHS
CASY
CASY
Q4 25
$523.0M
$206.3M
Q3 25
$1.3B
$215.4M
Q2 25
$464.0M
$98.3M
Q1 25
$465.0M
$87.1M
Q4 24
$1.0B
$180.9M
Q3 24
$625.0M
$180.2M
Q2 24
$629.0M
$87.0M
Q1 24
$1.2B
$86.9M
Operating Margin
ATHS
ATHS
CASY
CASY
Q4 25
16.9%
6.1%
Q3 25
26.8%
6.1%
Q2 25
12.2%
Q1 25
22.3%
2.8%
Q4 24
30.4%
6.1%
Q3 24
25.7%
5.8%
Q2 24
22.0%
Q1 24
31.1%
3.4%
Net Margin
ATHS
ATHS
CASY
CASY
Q4 25
6.4%
4.6%
Q3 25
15.7%
4.7%
Q2 25
8.7%
2.5%
Q1 25
11.1%
2.2%
Q4 24
26.8%
4.6%
Q3 24
9.6%
4.4%
Q2 24
13.5%
2.4%
Q1 24
20.8%
2.6%
EPS (diluted)
ATHS
ATHS
CASY
CASY
Q4 25
$5.53
Q3 25
$5.77
Q2 25
$2.63
Q1 25
$2.33
Q4 24
$4.85
Q3 24
$4.83
Q2 24
$2.34
Q1 24
$2.33

Balance Sheet & Financial Strength

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

Metric
ATHS
ATHS
CASY
CASY
Cash + ST InvestmentsLiquidity on hand
$492.0M
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$20.5B
$3.8B
Total Assets
$442.2B
$8.6B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHS
ATHS
CASY
CASY
Q4 25
$492.0M
Q3 25
$458.1M
Q2 25
$326.7M
Q1 25
$394.8M
Q4 24
$351.7M
Q3 24
$305.0M
Q2 24
$206.5M
Q1 24
$15.3B
$177.9M
Total Debt
ATHS
ATHS
CASY
CASY
Q4 25
$7.8B
Q3 25
$7.9B
Q2 25
$7.9B
$2.4B
Q1 25
$6.3B
Q4 24
$6.3B
Q3 24
$5.7B
Q2 24
$5.7B
$1.6B
Q1 24
$5.7B
Stockholders' Equity
ATHS
ATHS
CASY
CASY
Q4 25
$20.5B
$3.8B
Q3 25
$20.4B
$3.6B
Q2 25
$18.1B
$3.5B
Q1 25
$17.5B
$3.4B
Q4 24
$16.4B
$3.3B
Q3 24
$17.4B
$3.2B
Q2 24
$15.0B
$3.0B
Q1 24
$14.8B
$2.9B
Total Assets
ATHS
ATHS
CASY
CASY
Q4 25
$442.2B
$8.6B
Q3 25
$429.9B
$8.4B
Q2 25
$405.3B
$8.2B
Q1 25
$381.5B
$8.2B
Q4 24
$363.3B
$7.7B
Q3 24
$355.0B
$6.5B
Q2 24
$332.6B
$6.3B
Q1 24
$320.6B
$6.2B
Debt / Equity
ATHS
ATHS
CASY
CASY
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.43×
0.69×
Q1 25
0.36×
Q4 24
0.39×
Q3 24
0.33×
Q2 24
0.38×
0.52×
Q1 24
0.39×

Cash Flow & Capital Efficiency

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

Metric
ATHS
ATHS
CASY
CASY
Operating Cash FlowLast quarter
$3.0B
$347.1M
Free Cash FlowOCF − Capex
$176.0M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
5.82×
1.68×
TTM Free Cash FlowTrailing 4 quarters
$682.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
CASY
CASY
Q4 25
$3.0B
$347.1M
Q3 25
$636.0M
$372.4M
Q2 25
$1.1B
$333.9M
Q1 25
$426.0M
$204.9M
Q4 24
$386.0M
$270.7M
Q3 24
$780.0M
$281.4M
Q2 24
$525.0M
$288.4M
Q1 24
$185.0M
$122.8M
Free Cash Flow
ATHS
ATHS
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
ATHS
ATHS
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
ATHS
ATHS
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
ATHS
ATHS
CASY
CASY
Q4 25
5.82×
1.68×
Q3 25
0.51×
1.73×
Q2 25
2.28×
3.40×
Q1 25
0.92×
2.35×
Q4 24
0.38×
1.50×
Q3 24
1.25×
1.56×
Q2 24
0.83×
3.31×
Q1 24
0.16×
1.41×

Financial Flow Comparison

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

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