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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $4.5B, roughly 1.1× CASEYS GENERAL STORES INC). LPL Financial Holdings Inc. runs the higher net margin — 6.1% vs 4.6%, a 1.5% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (40.4% vs 14.2%). LPL Financial Holdings Inc. produced more free cash flow last quarter ($613.3M vs $176.0M). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (32.0% 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...
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
CASY vs LPLA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $4.9B |
| Net Profit | $206.3M | $300.7M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | 8.1% |
| Net Margin | 4.6% | 6.1% |
| Revenue YoY | 14.2% | 40.4% |
| Net Profit YoY | 14.0% | 11.1% |
| EPS (diluted) | $5.53 | $3.65 |
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 | $4.9B | ||
| Q3 25 | $4.6B | $4.6B | ||
| Q2 25 | $4.0B | $3.8B | ||
| Q1 25 | $3.9B | $3.7B | ||
| Q4 24 | $3.9B | $3.5B | ||
| Q3 24 | $4.1B | $3.1B | ||
| Q2 24 | $3.6B | $2.9B | ||
| Q1 24 | $3.3B | $2.8B |
| Q4 25 | $206.3M | $300.7M | ||
| Q3 25 | $215.4M | $-29.5M | ||
| Q2 25 | $98.3M | $273.2M | ||
| Q1 25 | $87.1M | $318.6M | ||
| Q4 24 | $180.9M | $270.7M | ||
| Q3 24 | $180.2M | $255.3M | ||
| Q2 24 | $87.0M | $243.8M | ||
| Q1 24 | $86.9M | $288.8M |
| Q4 25 | 6.1% | 8.1% | ||
| Q3 25 | 6.1% | -0.7% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | 2.8% | 11.4% | ||
| Q4 24 | 6.1% | 9.7% | ||
| Q3 24 | 5.8% | 11.2% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | 3.4% | 13.2% |
| Q4 25 | 4.6% | 6.1% | ||
| Q3 25 | 4.7% | -0.6% | ||
| Q2 25 | 2.5% | 7.1% | ||
| Q1 25 | 2.2% | 8.7% | ||
| Q4 24 | 4.6% | 7.7% | ||
| Q3 24 | 4.4% | 8.2% | ||
| Q2 24 | 2.4% | 8.3% | ||
| Q1 24 | 2.6% | 10.2% |
| Q4 25 | $5.53 | $3.65 | ||
| Q3 25 | $5.77 | $-0.37 | ||
| Q2 25 | $2.63 | $3.40 | ||
| Q1 25 | $2.33 | $4.24 | ||
| Q4 24 | $4.85 | $3.58 | ||
| Q3 24 | $4.83 | $3.39 | ||
| Q2 24 | $2.34 | $3.23 | ||
| Q1 24 | $2.33 | $3.83 |
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 | $1.1B |
| Total DebtLower is stronger | — | $7.3B |
| Stockholders' EquityBook value | $3.8B | $5.3B |
| Total Assets | $8.6B | $18.5B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $492.0M | $1.1B | ||
| Q3 25 | $458.1M | $1.6B | ||
| Q2 25 | $326.7M | $4.3B | ||
| Q1 25 | $394.8M | $1.4B | ||
| Q4 24 | $351.7M | $1.0B | ||
| Q3 24 | $305.0M | $1.6B | ||
| Q2 24 | $206.5M | $1.4B | ||
| Q1 24 | $177.9M | $1.2B |
| Q4 25 | — | $7.3B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | $2.4B | $7.2B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | $1.6B | $4.4B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $3.8B | $5.3B | ||
| Q3 25 | $3.6B | $5.0B | ||
| Q2 25 | $3.5B | $5.1B | ||
| Q1 25 | $3.4B | $3.1B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.2B | $2.8B | ||
| Q2 24 | $3.0B | $2.5B | ||
| Q1 24 | $2.9B | $2.3B |
| Q4 25 | $8.6B | $18.5B | ||
| Q3 25 | $8.4B | $18.0B | ||
| Q2 25 | $8.2B | $17.5B | ||
| Q1 25 | $8.2B | $14.0B | ||
| Q4 24 | $7.7B | $13.3B | ||
| Q3 24 | $6.5B | $11.9B | ||
| Q2 24 | $6.3B | $11.5B | ||
| Q1 24 | $6.2B | $11.0B |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 0.69× | 1.41× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | 0.52× | 1.77× | ||
| Q1 24 | — | 1.70× |
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 | $785.0M |
| Free Cash FlowOCF − Capex | $176.0M | $613.3M |
| FCF MarginFCF / Revenue | 3.9% | 12.4% |
| Capex IntensityCapex / Revenue | 3.8% | 3.5% |
| Cash ConversionOCF / Net Profit | 1.68× | 2.61× |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | $-981.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.1M | $785.0M | ||
| Q3 25 | $372.4M | $-1.7B | ||
| Q2 25 | $333.9M | $193.3M | ||
| Q1 25 | $204.9M | $339.8M | ||
| Q4 24 | $270.7M | $-178.8M | ||
| Q3 24 | $281.4M | $209.3M | ||
| Q2 24 | $288.4M | $-178.9M | ||
| Q1 24 | $122.8M | $425.9M |
| Q4 25 | $176.0M | $613.3M | ||
| Q3 25 | $262.4M | $-1.9B | ||
| Q2 25 | $153.1M | $56.3M | ||
| Q1 25 | $90.7M | $220.3M | ||
| Q4 24 | $160.0M | $-344.3M | ||
| Q3 24 | $180.8M | $62.3M | ||
| Q2 24 | $92.1M | $-307.8M | ||
| Q1 24 | $-27.0M | $304.9M |
| Q4 25 | 3.9% | 12.4% | ||
| Q3 25 | 5.7% | -41.1% | ||
| Q2 25 | 3.8% | 1.5% | ||
| Q1 25 | 2.3% | 6.0% | ||
| Q4 24 | 4.1% | -9.8% | ||
| Q3 24 | 4.4% | 2.0% | ||
| Q2 24 | 2.6% | -10.5% | ||
| Q1 24 | -0.8% | 10.8% |
| Q4 25 | 3.8% | 3.5% | ||
| Q3 25 | 2.4% | 3.1% | ||
| Q2 25 | 4.5% | 3.6% | ||
| Q1 25 | 2.9% | 3.3% | ||
| Q4 24 | 2.8% | 4.7% | ||
| Q3 24 | 2.5% | 4.7% | ||
| Q2 24 | 5.5% | 4.4% | ||
| Q1 24 | 4.5% | 4.3% |
| Q4 25 | 1.68× | 2.61× | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 3.40× | 0.71× | ||
| Q1 25 | 2.35× | 1.07× | ||
| Q4 24 | 1.50× | -0.66× | ||
| Q3 24 | 1.56× | 0.82× | ||
| Q2 24 | 3.31× | -0.73× | ||
| Q1 24 | 1.41× | 1.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
