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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and GFL Environmental Inc. (GFL). Click either name above to swap in a different company.

GFL Environmental Inc. is the larger business by last-quarter revenue ($4.9B vs $4.5B, roughly 1.1× CASEYS GENERAL STORES INC). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs -13.9%, a 18.5% gap on every dollar of revenue.

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...

GFL Environmental Inc. is an American-Canadian waste management company founded in Vaughan, Ontario, with headquarters in Miami Beach, Florida. Founded in 2007, GFL operates in all provinces in Canada and much of the United States, and currently employs more than 20,000 people. The company provides environmental services to municipal, residential, commercial, industrial and institutional customers.

CASY vs GFL — Head-to-Head

Bigger by revenue
GFL
GFL
1.1× larger
GFL
$4.9B
$4.5B
CASY
Higher net margin
CASY
CASY
18.5% more per $
CASY
4.6%
-13.9%
GFL

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
CASY
CASY
GFL
GFL
Revenue
$4.5B
$4.9B
Net Profit
$206.3M
$-686.1M
Gross Margin
Operating Margin
6.1%
Net Margin
4.6%
-13.9%
Revenue YoY
14.2%
Net Profit YoY
14.0%
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
GFL
GFL
Q4 25
$4.5B
Q3 25
$4.6B
$4.9B
Q2 25
$4.0B
$3.2B
Q1 25
$3.9B
$1.6B
Q4 24
$3.9B
Q3 24
$4.1B
$5.9B
Q2 24
$3.6B
$3.9B
Q1 24
$3.3B
$1.8B
Net Profit
CASY
CASY
GFL
GFL
Q4 25
$206.3M
Q3 25
$215.4M
$-686.1M
Q2 25
$98.3M
$-727.7M
Q1 25
$87.1M
$-195.8M
Q4 24
$180.9M
Q3 24
$180.2M
$94.3M
Q2 24
$87.0M
Q1 24
$86.9M
$-217.8M
Operating Margin
CASY
CASY
GFL
GFL
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
CASY
CASY
GFL
GFL
Q4 25
4.6%
Q3 25
4.7%
-13.9%
Q2 25
2.5%
-22.5%
Q1 25
2.2%
-12.6%
Q4 24
4.6%
Q3 24
4.4%
1.6%
Q2 24
2.4%
Q1 24
2.6%
-12.1%
EPS (diluted)
CASY
CASY
GFL
GFL
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
GFL
GFL
Cash + ST InvestmentsLiquidity on hand
$492.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.8B
Total Assets
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
GFL
GFL
Q4 25
$492.0M
Q3 25
$458.1M
Q2 25
$326.7M
Q1 25
$394.8M
Q4 24
$351.7M
Q3 24
$305.0M
Q2 24
$206.5M
Q1 24
$177.9M
Total Debt
CASY
CASY
GFL
GFL
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
CASY
CASY
GFL
GFL
Q4 25
$3.8B
Q3 25
$3.6B
Q2 25
$3.5B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$3.0B
Q1 24
$2.9B
Total Assets
CASY
CASY
GFL
GFL
Q4 25
$8.6B
Q3 25
$8.4B
Q2 25
$8.2B
Q1 25
$8.2B
Q4 24
$7.7B
Q3 24
$6.5B
Q2 24
$6.3B
Q1 24
$6.2B
Debt / Equity
CASY
CASY
GFL
GFL
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
GFL
GFL
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
CASY
CASY
GFL
GFL
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
CASY
CASY
GFL
GFL
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
GFL
GFL
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
GFL
GFL
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
GFL
GFL
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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