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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Delek US Holdings, Inc. (DK). 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 $2.4B, roughly 1.9× Delek US Holdings, Inc.). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs 3.2%, a 1.4% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 2.3%). Delek US Holdings, Inc. produced more free cash flow last quarter ($382.8M vs $176.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs -11.9%).
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...
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
CASY vs DK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $2.4B |
| Net Profit | $206.3M | $78.3M |
| Gross Margin | — | 9.3% |
| Operating Margin | 6.1% | 6.8% |
| Net Margin | 4.6% | 3.2% |
| Revenue YoY | 14.2% | 2.3% |
| Net Profit YoY | 14.0% | 118.9% |
| EPS (diluted) | $5.53 | $1.23 |
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 | $2.4B | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $4.0B | $2.8B | ||
| Q1 25 | $3.9B | $2.6B | ||
| Q4 24 | $3.9B | $2.4B | ||
| Q3 24 | $4.1B | $3.0B | ||
| Q2 24 | $3.6B | $3.3B | ||
| Q1 24 | $3.3B | $3.1B |
| Q4 25 | $206.3M | $78.3M | ||
| Q3 25 | $215.4M | $178.0M | ||
| Q2 25 | $98.3M | $-106.4M | ||
| Q1 25 | $87.1M | $-172.7M | ||
| Q4 24 | $180.9M | $-413.8M | ||
| Q3 24 | $180.2M | $-76.8M | ||
| Q2 24 | $87.0M | $-37.2M | ||
| Q1 24 | $86.9M | $-32.6M |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | -5.7% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 6.1% | 6.8% | ||
| Q3 25 | 6.1% | 10.2% | ||
| Q2 25 | — | -1.2% | ||
| Q1 25 | 2.8% | -4.8% | ||
| Q4 24 | 6.1% | -17.0% | ||
| Q3 24 | 5.8% | -4.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 3.4% | 0.9% |
| Q4 25 | 4.6% | 3.2% | ||
| Q3 25 | 4.7% | 6.2% | ||
| Q2 25 | 2.5% | -3.8% | ||
| Q1 25 | 2.2% | -6.5% | ||
| Q4 24 | 4.6% | -17.4% | ||
| Q3 24 | 4.4% | -2.5% | ||
| Q2 24 | 2.4% | -1.1% | ||
| Q1 24 | 2.6% | -1.0% |
| Q4 25 | $5.53 | $1.23 | ||
| Q3 25 | $5.77 | $2.93 | ||
| Q2 25 | $2.63 | $-1.76 | ||
| Q1 25 | $2.33 | $-2.78 | ||
| Q4 24 | $4.85 | $-6.48 | ||
| Q3 24 | $4.83 | $-1.20 | ||
| Q2 24 | $2.34 | $-0.58 | ||
| Q1 24 | $2.33 | $-0.51 |
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 | $625.8M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $3.8B | $547.3M |
| Total Assets | $8.6B | $6.8B |
| Debt / EquityLower = less leverage | — | 5.91× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $492.0M | $625.8M | ||
| Q3 25 | $458.1M | $630.9M | ||
| Q2 25 | $326.7M | $615.5M | ||
| Q1 25 | $394.8M | $623.8M | ||
| Q4 24 | $351.7M | $735.6M | ||
| Q3 24 | $305.0M | $1.0B | ||
| Q2 24 | $206.5M | $657.9M | ||
| Q1 24 | $177.9M | $753.4M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $2.4B | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $1.6B | $2.5B | ||
| Q1 24 | — | $2.5B |
| Q4 25 | $3.8B | $547.3M | ||
| Q3 25 | $3.6B | $444.8M | ||
| Q2 25 | $3.5B | $294.9M | ||
| Q1 25 | $3.4B | $429.4M | ||
| Q4 24 | $3.3B | $575.2M | ||
| Q3 24 | $3.2B | $875.4M | ||
| Q2 24 | $3.0B | $982.8M | ||
| Q1 24 | $2.9B | $1.0B |
| Q4 25 | $8.6B | $6.8B | ||
| Q3 25 | $8.4B | $7.1B | ||
| Q2 25 | $8.2B | $7.1B | ||
| Q1 25 | $8.2B | $6.9B | ||
| Q4 24 | $7.7B | $6.7B | ||
| Q3 24 | $6.5B | $7.0B | ||
| Q2 24 | $6.3B | $6.9B | ||
| Q1 24 | $6.2B | $7.2B |
| Q4 25 | — | 5.91× | ||
| Q3 25 | — | 7.14× | ||
| Q2 25 | 0.69× | 10.51× | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | — | 4.81× | ||
| Q3 24 | — | 3.19× | ||
| Q2 24 | 0.52× | 2.50× | ||
| Q1 24 | — | 2.41× |
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 | $502.8M |
| Free Cash FlowOCF − Capex | $176.0M | $382.8M |
| FCF MarginFCF / Revenue | 3.9% | 15.8% |
| Capex IntensityCapex / Revenue | 3.8% | 4.9% |
| Cash ConversionOCF / Net Profit | 1.68× | 6.42× |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | $6.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.1M | $502.8M | ||
| Q3 25 | $372.4M | $44.0M | ||
| Q2 25 | $333.9M | $51.4M | ||
| Q1 25 | $204.9M | $-62.4M | ||
| Q4 24 | $270.7M | $-163.5M | ||
| Q3 24 | $281.4M | $-21.6M | ||
| Q2 24 | $288.4M | $-48.4M | ||
| Q1 24 | $122.8M | $166.7M |
| Q4 25 | $176.0M | $382.8M | ||
| Q3 25 | $262.4M | $-64.0M | ||
| Q2 25 | $153.1M | $-114.4M | ||
| Q1 25 | $90.7M | $-198.1M | ||
| Q4 24 | $160.0M | $-354.0M | ||
| Q3 24 | $180.8M | $-140.6M | ||
| Q2 24 | $92.1M | $-128.3M | ||
| Q1 24 | $-27.0M | $128.4M |
| Q4 25 | 3.9% | 15.8% | ||
| Q3 25 | 5.7% | -2.2% | ||
| Q2 25 | 3.8% | -4.1% | ||
| Q1 25 | 2.3% | -7.5% | ||
| Q4 24 | 4.1% | -14.9% | ||
| Q3 24 | 4.4% | -4.6% | ||
| Q2 24 | 2.6% | -3.9% | ||
| Q1 24 | -0.8% | 4.1% |
| Q4 25 | 3.8% | 4.9% | ||
| Q3 25 | 2.4% | 3.7% | ||
| Q2 25 | 4.5% | 6.0% | ||
| Q1 25 | 2.9% | 5.1% | ||
| Q4 24 | 2.8% | 8.0% | ||
| Q3 24 | 2.5% | 3.9% | ||
| Q2 24 | 5.5% | 2.4% | ||
| Q1 24 | 4.5% | 1.2% |
| Q4 25 | 1.68× | 6.42× | ||
| Q3 25 | 1.73× | 0.25× | ||
| 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.
Revenue Breakdown by Segment
CASY
Segment breakdown not available.
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
