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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and CDW Corporation (CDW). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $4.5B, roughly 1.2× CASEYS GENERAL STORES INC). On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 6.3%). CDW Corporation produced more free cash flow last quarter ($395.9M vs $176.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs 6.3%).
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...
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
CASY vs CDW — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $5.5B |
| Net Profit | $206.3M | — |
| Gross Margin | — | 22.8% |
| Operating Margin | 6.1% | 7.8% |
| Net Margin | 4.6% | — |
| Revenue YoY | 14.2% | 6.3% |
| Net Profit YoY | 14.0% | — |
| EPS (diluted) | $5.53 | $2.13 |
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.
| Q4 25 | $4.5B | $5.5B | ||
| Q3 25 | $4.6B | $5.7B | ||
| Q2 25 | $4.0B | $6.0B | ||
| Q1 25 | $3.9B | $5.2B | ||
| Q4 24 | $3.9B | $5.2B | ||
| Q3 24 | $4.1B | $5.5B | ||
| Q2 24 | $3.6B | $5.4B | ||
| Q1 24 | $3.3B | $4.9B |
| Q4 25 | $206.3M | — | ||
| Q3 25 | $215.4M | $291.0M | ||
| Q2 25 | $98.3M | $271.2M | ||
| Q1 25 | $87.1M | $224.9M | ||
| Q4 24 | $180.9M | — | ||
| Q3 24 | $180.2M | $316.4M | ||
| Q2 24 | $87.0M | $281.1M | ||
| Q1 24 | $86.9M | $216.1M |
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 21.8% |
| Q4 25 | 6.1% | 7.8% | ||
| Q3 25 | 6.1% | 7.7% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | 2.8% | 7.0% | ||
| Q4 24 | 6.1% | 7.9% | ||
| Q3 24 | 5.8% | 8.7% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | 3.4% | 6.7% |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.7% | 5.1% | ||
| Q2 25 | 2.5% | 4.5% | ||
| Q1 25 | 2.2% | 4.3% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 4.4% | 5.7% | ||
| Q2 24 | 2.4% | 5.2% | ||
| Q1 24 | 2.6% | 4.4% |
| Q4 25 | $5.53 | $2.13 | ||
| Q3 25 | $5.77 | $2.21 | ||
| Q2 25 | $2.63 | $2.05 | ||
| Q1 25 | $2.33 | $1.69 | ||
| Q4 24 | $4.85 | $1.97 | ||
| Q3 24 | $4.83 | $2.34 | ||
| Q2 24 | $2.34 | $2.07 | ||
| Q1 24 | $2.33 | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $492.0M | $618.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $2.6B |
| Total Assets | $8.6B | $16.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $492.0M | $618.7M | ||
| Q3 25 | $458.1M | $452.9M | ||
| Q2 25 | $326.7M | $481.0M | ||
| Q1 25 | $394.8M | $688.1M | ||
| Q4 24 | $351.7M | $717.7M | ||
| Q3 24 | $305.0M | $1.2B | ||
| Q2 24 | $206.5M | $665.3M | ||
| Q1 24 | $177.9M | $803.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $3.6B | $2.5B | ||
| Q2 25 | $3.5B | $2.5B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $3.2B | $2.3B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $2.1B |
| Q4 25 | $8.6B | $16.0B | ||
| Q3 25 | $8.4B | $15.2B | ||
| Q2 25 | $8.2B | $15.3B | ||
| Q1 25 | $8.2B | $15.0B | ||
| Q4 24 | $7.7B | $14.7B | ||
| Q3 24 | $6.5B | $14.4B | ||
| Q2 24 | $6.3B | $13.6B | ||
| Q1 24 | $6.2B | $13.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $347.1M | $433.8M |
| Free Cash FlowOCF − Capex | $176.0M | $395.9M |
| FCF MarginFCF / Revenue | 3.9% | 7.2% |
| Capex IntensityCapex / Revenue | 3.8% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.1M | $433.8M | ||
| Q3 25 | $372.4M | $328.3M | ||
| Q2 25 | $333.9M | $155.9M | ||
| Q1 25 | $204.9M | $287.2M | ||
| Q4 24 | $270.7M | $345.3M | ||
| Q3 24 | $281.4M | $342.1M | ||
| Q2 24 | $288.4M | $149.9M | ||
| Q1 24 | $122.8M | $440.0M |
| Q4 25 | $176.0M | $395.9M | ||
| Q3 25 | $262.4M | $298.5M | ||
| Q2 25 | $153.1M | $133.4M | ||
| Q1 25 | $90.7M | $260.3M | ||
| Q4 24 | $160.0M | $316.7M | ||
| Q3 24 | $180.8M | $308.5M | ||
| Q2 24 | $92.1M | $119.0M | ||
| Q1 24 | $-27.0M | $410.5M |
| Q4 25 | 3.9% | 7.2% | ||
| Q3 25 | 5.7% | 5.2% | ||
| Q2 25 | 3.8% | 2.2% | ||
| Q1 25 | 2.3% | 5.0% | ||
| Q4 24 | 4.1% | 6.1% | ||
| Q3 24 | 4.4% | 5.6% | ||
| Q2 24 | 2.6% | 2.2% | ||
| Q1 24 | -0.8% | 8.4% |
| Q4 25 | 3.8% | 0.7% | ||
| Q3 25 | 2.4% | 0.5% | ||
| Q2 25 | 4.5% | 0.4% | ||
| Q1 25 | 2.9% | 0.5% | ||
| Q4 24 | 2.8% | 0.6% | ||
| Q3 24 | 2.5% | 0.6% | ||
| Q2 24 | 5.5% | 0.6% | ||
| Q1 24 | 4.5% | 0.6% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.73× | 1.13× | ||
| Q2 25 | 3.40× | 0.57× | ||
| Q1 25 | 2.35× | 1.28× | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 1.56× | 1.08× | ||
| Q2 24 | 3.31× | 0.53× | ||
| Q1 24 | 1.41× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
