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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.

Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $4.5B, roughly 1.1× CASEYS GENERAL STORES INC). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs 0.2%, a 4.4% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 14.2%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $176.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 16.3%).

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...

Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. Flutter is the world's largest online betting company.

CASY vs FLUT — Head-to-Head

Bigger by revenue
FLUT
FLUT
1.1× larger
FLUT
$4.7B
$4.5B
CASY
Growing faster (revenue YoY)
FLUT
FLUT
+10.7% gap
FLUT
24.9%
14.2%
CASY
Higher net margin
CASY
CASY
4.4% more per $
CASY
4.6%
0.2%
FLUT
More free cash flow
FLUT
FLUT
$216.0M more FCF
FLUT
$392.0M
$176.0M
CASY
Faster 2-yr revenue CAGR
FLUT
FLUT
Annualised
FLUT
18.1%
16.3%
CASY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CASY
CASY
FLUT
FLUT
Revenue
$4.5B
$4.7B
Net Profit
$206.3M
$10.0M
Gross Margin
44.5%
Operating Margin
6.1%
5.4%
Net Margin
4.6%
0.2%
Revenue YoY
14.2%
24.9%
Net Profit YoY
14.0%
-93.6%
EPS (diluted)
$5.53
$0.00

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
CASY
CASY
FLUT
FLUT
Q4 25
$4.5B
$4.7B
Q3 25
$4.6B
$3.8B
Q2 25
$4.0B
$4.2B
Q1 25
$3.9B
$3.7B
Q4 24
$3.9B
$3.8B
Q3 24
$4.1B
$3.2B
Q2 24
$3.6B
$3.6B
Q1 24
$3.3B
$3.4B
Net Profit
CASY
CASY
FLUT
FLUT
Q4 25
$206.3M
$10.0M
Q3 25
$215.4M
$-789.0M
Q2 25
$98.3M
$37.0M
Q1 25
$87.1M
$335.0M
Q4 24
$180.9M
$156.0M
Q3 24
$180.2M
$-114.0M
Q2 24
$87.0M
$297.0M
Q1 24
$86.9M
$-177.0M
Gross Margin
CASY
CASY
FLUT
FLUT
Q4 25
44.5%
Q3 25
42.9%
Q2 25
46.8%
Q1 25
46.6%
Q4 24
48.2%
Q3 24
46.1%
Q2 24
49.2%
Q1 24
47.2%
Operating Margin
CASY
CASY
FLUT
FLUT
Q4 25
6.1%
5.4%
Q3 25
6.1%
-22.0%
Q2 25
9.3%
Q1 25
2.8%
6.1%
Q4 24
6.1%
7.4%
Q3 24
5.8%
3.0%
Q2 24
10.2%
Q1 24
3.4%
3.7%
Net Margin
CASY
CASY
FLUT
FLUT
Q4 25
4.6%
0.2%
Q3 25
4.7%
-20.8%
Q2 25
2.5%
0.9%
Q1 25
2.2%
9.1%
Q4 24
4.6%
4.1%
Q3 24
4.4%
-3.5%
Q2 24
2.4%
8.2%
Q1 24
2.6%
-5.2%
EPS (diluted)
CASY
CASY
FLUT
FLUT
Q4 25
$5.53
$0.00
Q3 25
$5.77
$-3.91
Q2 25
$2.63
$0.59
Q1 25
$2.33
$1.57
Q4 24
$4.85
$0.47
Q3 24
$4.83
$-0.58
Q2 24
$2.34
$1.45
Q1 24
$2.33
$-1.10

Balance Sheet & Financial Strength

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

Metric
CASY
CASY
FLUT
FLUT
Cash + ST InvestmentsLiquidity on hand
$492.0M
$1.8B
Total DebtLower is stronger
$12.3B
Stockholders' EquityBook value
$3.8B
$9.0B
Total Assets
$8.6B
$29.3B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
FLUT
FLUT
Q4 25
$492.0M
$1.8B
Q3 25
$458.1M
$1.7B
Q2 25
$326.7M
$1.7B
Q1 25
$394.8M
$1.5B
Q4 24
$351.7M
$1.5B
Q3 24
$305.0M
$1.5B
Q2 24
$206.5M
$1.5B
Q1 24
$177.9M
$1.4B
Total Debt
CASY
CASY
FLUT
FLUT
Q4 25
$12.3B
Q3 25
$12.1B
Q2 25
$2.4B
$10.0B
Q1 25
$6.8B
Q4 24
$6.7B
Q3 24
$6.9B
Q2 24
$1.6B
$6.8B
Q1 24
$6.8B
Stockholders' Equity
CASY
CASY
FLUT
FLUT
Q4 25
$3.8B
$9.0B
Q3 25
$3.6B
$9.2B
Q2 25
$3.5B
$10.2B
Q1 25
$3.4B
$9.9B
Q4 24
$3.3B
$9.3B
Q3 24
$3.2B
$10.2B
Q2 24
$3.0B
$9.9B
Q1 24
$2.9B
$9.5B
Total Assets
CASY
CASY
FLUT
FLUT
Q4 25
$8.6B
$29.3B
Q3 25
$8.4B
$29.3B
Q2 25
$8.2B
$29.9B
Q1 25
$8.2B
$24.8B
Q4 24
$7.7B
$24.5B
Q3 24
$6.5B
$25.5B
Q2 24
$6.3B
$24.3B
Q1 24
$6.2B
$24.4B
Debt / Equity
CASY
CASY
FLUT
FLUT
Q4 25
1.36×
Q3 25
1.31×
Q2 25
0.69×
0.97×
Q1 25
0.69×
Q4 24
0.72×
Q3 24
0.67×
Q2 24
0.52×
0.69×
Q1 24
0.72×

Cash Flow & Capital Efficiency

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

Metric
CASY
CASY
FLUT
FLUT
Operating Cash FlowLast quarter
$347.1M
$428.0M
Free Cash FlowOCF − Capex
$176.0M
$392.0M
FCF MarginFCF / Revenue
3.9%
8.3%
Capex IntensityCapex / Revenue
3.8%
0.8%
Cash ConversionOCF / Net Profit
1.68×
42.80×
TTM Free Cash FlowTrailing 4 quarters
$682.2M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CASY
CASY
FLUT
FLUT
Q4 25
$347.1M
$428.0M
Q3 25
$372.4M
$209.0M
Q2 25
$333.9M
$359.0M
Q1 25
$204.9M
$188.0M
Q4 24
$270.7M
$652.0M
Q3 24
$281.4M
$290.0M
Q2 24
$288.4M
$323.0M
Q1 24
$122.8M
$337.0M
Free Cash Flow
CASY
CASY
FLUT
FLUT
Q4 25
$176.0M
$392.0M
Q3 25
$262.4M
$196.0M
Q2 25
$153.1M
$322.0M
Q1 25
$90.7M
$169.0M
Q4 24
$160.0M
$595.0M
Q3 24
$180.8M
$253.0M
Q2 24
$92.1M
$295.0M
Q1 24
$-27.0M
$315.0M
FCF Margin
CASY
CASY
FLUT
FLUT
Q4 25
3.9%
8.3%
Q3 25
5.7%
5.2%
Q2 25
3.8%
7.7%
Q1 25
2.3%
4.6%
Q4 24
4.1%
15.7%
Q3 24
4.4%
7.8%
Q2 24
2.6%
8.2%
Q1 24
-0.8%
9.3%
Capex Intensity
CASY
CASY
FLUT
FLUT
Q4 25
3.8%
0.8%
Q3 25
2.4%
0.3%
Q2 25
4.5%
0.9%
Q1 25
2.9%
0.5%
Q4 24
2.8%
1.5%
Q3 24
2.5%
1.1%
Q2 24
5.5%
0.8%
Q1 24
4.5%
0.6%
Cash Conversion
CASY
CASY
FLUT
FLUT
Q4 25
1.68×
42.80×
Q3 25
1.73×
Q2 25
3.40×
9.70×
Q1 25
2.35×
0.56×
Q4 24
1.50×
4.18×
Q3 24
1.56×
Q2 24
3.31×
1.09×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CASY
CASY

Segment breakdown not available.

FLUT
FLUT

Other$2.6B55%
Sports Book$1.5B32%
Igaming$586.0M12%
Service Other$59.0M1%

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