vs

Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Fresenius Medical Care AG (FMS). Click either name above to swap in a different company.

Fresenius Medical Care AG is the larger business by last-quarter revenue ($5.5B vs $4.5B, roughly 1.2× CASEYS GENERAL STORES INC). Fresenius Medical Care AG runs the higher net margin — 7.9% vs 4.6%, a 3.4% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs -0.3%).

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...

Fresenius Medical Care AG & Co. KGaA is a German healthcare company which provides kidney dialysis services through a network of 4,171 outpatient dialysis centers, serving 345,425 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo dialysis 3 times per week for the rest of their lives.

CASY vs FMS — Head-to-Head

Bigger by revenue
FMS
FMS
1.2× larger
FMS
$5.5B
$4.5B
CASY
Growing faster (revenue YoY)
CASY
CASY
+14.5% gap
CASY
14.2%
-0.3%
FMS
Higher net margin
FMS
FMS
3.4% more per $
FMS
7.9%
4.6%
CASY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CASY
CASY
FMS
FMS
Revenue
$4.5B
$5.5B
Net Profit
$206.3M
$434.2M
Gross Margin
27.4%
Operating Margin
6.1%
11.7%
Net Margin
4.6%
7.9%
Revenue YoY
14.2%
-0.3%
Net Profit YoY
14.0%
240.4%
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
CASY
CASY
FMS
FMS
Q4 25
$4.5B
$5.5B
Q3 25
$4.6B
Q2 25
$4.0B
Q1 25
$3.9B
Q4 24
$3.9B
$5.5B
Q3 24
$4.1B
Q2 24
$3.6B
Q1 24
$3.3B
Net Profit
CASY
CASY
FMS
FMS
Q4 25
$206.3M
$434.2M
Q3 25
$215.4M
Q2 25
$98.3M
Q1 25
$87.1M
Q4 24
$180.9M
$127.6M
Q3 24
$180.2M
Q2 24
$87.0M
Q1 24
$86.9M
Gross Margin
CASY
CASY
FMS
FMS
Q4 25
27.4%
Q3 25
Q2 25
Q1 25
Q4 24
25.0%
Q3 24
Q2 24
Q1 24
Operating Margin
CASY
CASY
FMS
FMS
Q4 25
6.1%
11.7%
Q3 25
6.1%
Q2 25
Q1 25
2.8%
Q4 24
6.1%
5.1%
Q3 24
5.8%
Q2 24
Q1 24
3.4%
Net Margin
CASY
CASY
FMS
FMS
Q4 25
4.6%
7.9%
Q3 25
4.7%
Q2 25
2.5%
Q1 25
2.2%
Q4 24
4.6%
2.3%
Q3 24
4.4%
Q2 24
2.4%
Q1 24
2.6%
EPS (diluted)
CASY
CASY
FMS
FMS
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
CASY
CASY
FMS
FMS
Cash + ST InvestmentsLiquidity on hand
$492.0M
$1.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.8B
$15.4B
Total Assets
$8.6B
$33.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
FMS
FMS
Q4 25
$492.0M
$1.7B
Q3 25
$458.1M
Q2 25
$326.7M
Q1 25
$394.8M
Q4 24
$351.7M
$1.3B
Q3 24
$305.0M
Q2 24
$206.5M
Q1 24
$177.9M
Total Debt
CASY
CASY
FMS
FMS
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
CASY
CASY
FMS
FMS
Q4 25
$3.8B
$15.4B
Q3 25
$3.6B
Q2 25
$3.5B
Q1 25
$3.4B
Q4 24
$3.3B
$17.0B
Q3 24
$3.2B
Q2 24
$3.0B
Q1 24
$2.9B
Total Assets
CASY
CASY
FMS
FMS
Q4 25
$8.6B
$33.5B
Q3 25
$8.4B
Q2 25
$8.2B
Q1 25
$8.2B
Q4 24
$7.7B
$36.3B
Q3 24
$6.5B
Q2 24
$6.3B
Q1 24
$6.2B
Debt / Equity
CASY
CASY
FMS
FMS
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
CASY
CASY
FMS
FMS
Operating Cash FlowLast quarter
$347.1M
$2.9B
Free Cash FlowOCF − Capex
$176.0M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.68×
6.67×
TTM Free Cash FlowTrailing 4 quarters
$682.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CASY
CASY
FMS
FMS
Q4 25
$347.1M
$2.9B
Q3 25
$372.4M
Q2 25
$333.9M
Q1 25
$204.9M
Q4 24
$270.7M
$2.6B
Q3 24
$281.4M
Q2 24
$288.4M
Q1 24
$122.8M
Free Cash Flow
CASY
CASY
FMS
FMS
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
CASY
CASY
FMS
FMS
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
CASY
CASY
FMS
FMS
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
CASY
CASY
FMS
FMS
Q4 25
1.68×
6.67×
Q3 25
1.73×
Q2 25
3.40×
Q1 25
2.35×
Q4 24
1.50×
20.20×
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.

Related Comparisons