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Side-by-side financial comparison of Brookfield Business Partners L.P. (BBU) and CASEYS GENERAL STORES INC (CASY). Click either name above to swap in a different company.

Brookfield Business Partners L.P. is the larger business by last-quarter revenue ($6.7B vs $4.5B, roughly 1.5× CASEYS GENERAL STORES INC). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs 2.0%, a 2.6% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs -44.0%).

Brookfield Business Partners L.P. is a publicly traded limited partnership and the primary public vehicle through which Brookfield Corporation, its parent company, owns and operates the business services and industrial operations of its private equity group. It was formed through a spin-off from Brookfield Asset Management in June 2016.

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...

BBU vs CASY — Head-to-Head

Bigger by revenue
BBU
BBU
1.5× larger
BBU
$6.7B
$4.5B
CASY
Growing faster (revenue YoY)
CASY
CASY
+58.1% gap
CASY
14.2%
-44.0%
BBU
Higher net margin
CASY
CASY
2.6% more per $
CASY
4.6%
2.0%
BBU

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BBU
BBU
CASY
CASY
Revenue
$6.7B
$4.5B
Net Profit
$135.0M
$206.3M
Gross Margin
Operating Margin
6.1%
Net Margin
2.0%
4.6%
Revenue YoY
-44.0%
14.2%
Net Profit YoY
107.7%
14.0%
EPS (diluted)
$0.12
$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
BBU
BBU
CASY
CASY
Q4 25
$4.5B
Q3 25
$4.6B
Q2 25
$6.7B
$4.0B
Q1 25
$3.9B
Q4 24
$3.9B
Q3 24
$4.1B
Q2 24
$11.9B
$3.6B
Q1 24
$3.3B
Net Profit
BBU
BBU
CASY
CASY
Q4 25
$206.3M
Q3 25
$215.4M
Q2 25
$135.0M
$98.3M
Q1 25
$87.1M
Q4 24
$180.9M
Q3 24
$180.2M
Q2 24
$65.0M
$87.0M
Q1 24
$86.9M
Operating Margin
BBU
BBU
CASY
CASY
Q4 25
6.1%
Q3 25
6.1%
Q2 25
Q1 25
2.8%
Q4 24
6.1%
Q3 24
5.8%
Q2 24
Q1 24
3.4%
Net Margin
BBU
BBU
CASY
CASY
Q4 25
4.6%
Q3 25
4.7%
Q2 25
2.0%
2.5%
Q1 25
2.2%
Q4 24
4.6%
Q3 24
4.4%
Q2 24
0.5%
2.4%
Q1 24
2.6%
EPS (diluted)
BBU
BBU
CASY
CASY
Q4 25
$5.53
Q3 25
$5.77
Q2 25
$0.12
$2.63
Q1 25
$2.33
Q4 24
$4.85
Q3 24
$4.83
Q2 24
$-0.10
$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
BBU
BBU
CASY
CASY
Cash + ST InvestmentsLiquidity on hand
$3.3B
$492.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3B
$3.8B
Total Assets
$75.3B
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBU
BBU
CASY
CASY
Q4 25
$492.0M
Q3 25
$458.1M
Q2 25
$3.3B
$326.7M
Q1 25
$394.8M
Q4 24
$351.7M
Q3 24
$305.0M
Q2 24
$3.0B
$206.5M
Q1 24
$177.9M
Total Debt
BBU
BBU
CASY
CASY
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
BBU
BBU
CASY
CASY
Q4 25
$3.8B
Q3 25
$3.6B
Q2 25
$15.3B
$3.5B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$18.2B
$3.0B
Q1 24
$2.9B
Total Assets
BBU
BBU
CASY
CASY
Q4 25
$8.6B
Q3 25
$8.4B
Q2 25
$75.3B
$8.2B
Q1 25
$8.2B
Q4 24
$7.7B
Q3 24
$6.5B
Q2 24
$81.5B
$6.3B
Q1 24
$6.2B
Debt / Equity
BBU
BBU
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
BBU
BBU
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
BBU
BBU
CASY
CASY
Q4 25
$347.1M
Q3 25
$372.4M
Q2 25
$333.9M
Q1 25
$204.9M
Q4 24
$270.7M
Q3 24
$281.4M
Q2 24
$288.4M
Q1 24
$122.8M
Free Cash Flow
BBU
BBU
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
BBU
BBU
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
BBU
BBU
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
BBU
BBU
CASY
CASY
Q4 25
1.68×
Q3 25
1.73×
Q2 25
3.40×
Q1 25
2.35×
Q4 24
1.50×
Q3 24
1.56×
Q2 24
3.31×
Q1 24
1.41×

Financial Flow Comparison

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

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