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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Kyndryl Holdings, Inc. (KD). 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 $3.9B, roughly 1.2× Kyndryl Holdings, Inc.). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs 1.5%, a 3.1% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 3.1%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($208.0M vs $176.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs 0.1%).
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...
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
CASY vs KD — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $3.9B |
| Net Profit | $206.3M | $57.0M |
| Gross Margin | — | 21.8% |
| Operating Margin | 6.1% | 2.4% |
| Net Margin | 4.6% | 1.5% |
| Revenue YoY | 14.2% | 3.1% |
| Net Profit YoY | 14.0% | -73.5% |
| EPS (diluted) | $5.53 | $0.25 |
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 | $3.9B | ||
| Q3 25 | $4.6B | $3.7B | ||
| Q2 25 | $4.0B | $3.7B | ||
| Q1 25 | $3.9B | $3.8B | ||
| Q4 24 | $3.9B | $3.7B | ||
| Q3 24 | $4.1B | $3.8B | ||
| Q2 24 | $3.6B | $3.7B | ||
| Q1 24 | $3.3B | $3.9B |
| Q4 25 | $206.3M | $57.0M | ||
| Q3 25 | $215.4M | $68.0M | ||
| Q2 25 | $98.3M | $56.0M | ||
| Q1 25 | $87.1M | $69.0M | ||
| Q4 24 | $180.9M | $215.0M | ||
| Q3 24 | $180.2M | $-43.0M | ||
| Q2 24 | $87.0M | $11.0M | ||
| Q1 24 | $86.9M | $-45.0M |
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 6.1% | 2.4% | ||
| Q3 25 | 6.1% | 2.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | 2.8% | 3.1% | ||
| Q4 24 | 6.1% | 6.9% | ||
| Q3 24 | 5.8% | -0.1% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | 3.4% | -0.1% |
| Q4 25 | 4.6% | 1.5% | ||
| Q3 25 | 4.7% | 1.8% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 2.2% | 1.8% | ||
| Q4 24 | 4.6% | 5.7% | ||
| Q3 24 | 4.4% | -1.1% | ||
| Q2 24 | 2.4% | 0.3% | ||
| Q1 24 | 2.6% | -1.2% |
| Q4 25 | $5.53 | $0.25 | ||
| Q3 25 | $5.77 | $0.29 | ||
| Q2 25 | $2.63 | $0.23 | ||
| Q1 25 | $2.33 | $0.30 | ||
| Q4 24 | $4.85 | $0.89 | ||
| Q3 24 | $4.83 | $-0.19 | ||
| Q2 24 | $2.34 | $0.05 | ||
| Q1 24 | $2.33 | $-0.19 |
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 | $1.3B |
| Total DebtLower is stronger | — | $2.3B |
| Stockholders' EquityBook value | $3.8B | $1.2B |
| Total Assets | $8.6B | $11.3B |
| Debt / EquityLower = less leverage | — | 1.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $492.0M | $1.3B | ||
| Q3 25 | $458.1M | $1.3B | ||
| Q2 25 | $326.7M | $1.5B | ||
| Q1 25 | $394.8M | $1.8B | ||
| Q4 24 | $351.7M | $1.5B | ||
| Q3 24 | $305.0M | $1.3B | ||
| Q2 24 | $206.5M | $1.3B | ||
| Q1 24 | $177.9M | $1.6B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | $2.4B | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $1.6B | $3.1B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | $3.8B | $1.2B | ||
| Q3 25 | $3.6B | $1.2B | ||
| Q2 25 | $3.5B | $1.2B | ||
| Q1 25 | $3.4B | $1.2B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.2B | $1.1B | ||
| Q2 24 | $3.0B | $996.0M | ||
| Q1 24 | $2.9B | $1.0B |
| Q4 25 | $8.6B | $11.3B | ||
| Q3 25 | $8.4B | $11.2B | ||
| Q2 25 | $8.2B | $11.5B | ||
| Q1 25 | $8.2B | $10.5B | ||
| Q4 24 | $7.7B | $9.9B | ||
| Q3 24 | $6.5B | $10.4B | ||
| Q2 24 | $6.3B | $10.2B | ||
| Q1 24 | $6.2B | $10.6B |
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | 0.69× | 2.44× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 2.81× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | 0.52× | 3.12× | ||
| Q1 24 | — | 3.07× |
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 | $428.0M |
| Free Cash FlowOCF − Capex | $176.0M | $208.0M |
| FCF MarginFCF / Revenue | 3.9% | 5.4% |
| Capex IntensityCapex / Revenue | 3.8% | 5.7% |
| Cash ConversionOCF / Net Profit | 1.68× | 7.51× |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | $299.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.1M | $428.0M | ||
| Q3 25 | $372.4M | $146.0M | ||
| Q2 25 | $333.9M | $-124.0M | ||
| Q1 25 | $204.9M | $581.0M | ||
| Q4 24 | $270.7M | $260.0M | ||
| Q3 24 | $281.4M | $149.0M | ||
| Q2 24 | $288.4M | $-48.0M | ||
| Q1 24 | $122.8M | $145.0M |
| Q4 25 | $176.0M | $208.0M | ||
| Q3 25 | $262.4M | $17.0M | ||
| Q2 25 | $153.1M | $-267.0M | ||
| Q1 25 | $90.7M | $341.0M | ||
| Q4 24 | $160.0M | $151.0M | ||
| Q3 24 | $180.8M | $15.0M | ||
| Q2 24 | $92.1M | $-170.0M | ||
| Q1 24 | $-27.0M | $-57.0M |
| Q4 25 | 3.9% | 5.4% | ||
| Q3 25 | 5.7% | 0.5% | ||
| Q2 25 | 3.8% | -7.1% | ||
| Q1 25 | 2.3% | 9.0% | ||
| Q4 24 | 4.1% | 4.0% | ||
| Q3 24 | 4.4% | 0.4% | ||
| Q2 24 | 2.6% | -4.5% | ||
| Q1 24 | -0.8% | -1.5% |
| Q4 25 | 3.8% | 5.7% | ||
| Q3 25 | 2.4% | 3.5% | ||
| Q2 25 | 4.5% | 3.8% | ||
| Q1 25 | 2.9% | 6.3% | ||
| Q4 24 | 2.8% | 2.9% | ||
| Q3 24 | 2.5% | 3.6% | ||
| Q2 24 | 5.5% | 3.3% | ||
| Q1 24 | 4.5% | 5.2% |
| Q4 25 | 1.68× | 7.51× | ||
| Q3 25 | 1.73× | 2.15× | ||
| Q2 25 | 3.40× | -2.21× | ||
| Q1 25 | 2.35× | 8.42× | ||
| Q4 24 | 1.50× | 1.21× | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 3.31× | -4.36× | ||
| 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.
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
