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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and NetEase, Inc. (NTES). 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 $4.0B, roughly 1.1× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 4.6%, a 26.4% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $176.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs 9.7%).
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...
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
CASY vs NTES — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $4.0B |
| Net Profit | $206.3M | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 6.1% | 28.3% |
| Net Margin | 4.6% | 31.0% |
| 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.
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.6B | $4.0B | ||
| Q2 25 | $4.0B | $3.9B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $4.1B | $3.7B | ||
| Q2 24 | $3.6B | $3.5B | ||
| Q1 24 | $3.3B | $3.7B |
| Q4 25 | $206.3M | — | ||
| Q3 25 | $215.4M | $1.2B | ||
| Q2 25 | $98.3M | $1.3B | ||
| Q1 25 | $87.1M | $1.5B | ||
| Q4 24 | $180.9M | — | ||
| Q3 24 | $180.2M | $955.7M | ||
| Q2 24 | $87.0M | $939.6M | ||
| Q1 24 | $86.9M | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.9% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 63.4% |
| Q4 25 | 6.1% | — | ||
| Q3 25 | 6.1% | 28.3% | ||
| Q2 25 | — | 32.5% | ||
| Q1 25 | 2.8% | 36.2% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 5.8% | 27.3% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | 3.4% | 28.4% |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.7% | 31.0% | ||
| Q2 25 | 2.5% | 32.6% | ||
| Q1 25 | 2.2% | 36.6% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 4.4% | 25.6% | ||
| Q2 24 | 2.4% | 26.8% | ||
| Q1 24 | 2.6% | 29.1% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $492.0M | $31.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $160.8B |
| Total Assets | $8.6B | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $492.0M | — | ||
| Q3 25 | $458.1M | $31.3B | ||
| Q2 25 | $326.7M | $54.4B | ||
| Q1 25 | $394.8M | $41.7B | ||
| Q4 24 | $351.7M | — | ||
| Q3 24 | $305.0M | $20.2B | ||
| Q2 24 | $206.5M | $19.0B | ||
| Q1 24 | $177.9M | $43.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.6B | $160.8B | ||
| Q2 25 | $3.5B | $154.0B | ||
| Q1 25 | $3.4B | $147.8B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.2B | $135.6B | ||
| Q2 24 | $3.0B | $134.2B | ||
| Q1 24 | $2.9B | $130.5B |
| Q4 25 | $8.6B | — | ||
| Q3 25 | $8.4B | $214.5B | ||
| Q2 25 | $8.2B | $208.5B | ||
| Q1 25 | $8.2B | $200.9B | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $6.5B | $184.9B | ||
| Q2 24 | $6.3B | $183.3B | ||
| Q1 24 | $6.2B | $195.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $347.1M | $1.8B |
| Free Cash FlowOCF − Capex | $176.0M | $1.8B |
| FCF MarginFCF / Revenue | 3.9% | 44.7% |
| Capex IntensityCapex / Revenue | 3.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.68× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.1M | — | ||
| Q3 25 | $372.4M | $1.8B | ||
| Q2 25 | $333.9M | $1.5B | ||
| Q1 25 | $204.9M | $1.7B | ||
| Q4 24 | $270.7M | — | ||
| Q3 24 | $281.4M | $1.5B | ||
| Q2 24 | $288.4M | $898.8M | ||
| Q1 24 | $122.8M | $1.3B |
| Q4 25 | $176.0M | — | ||
| Q3 25 | $262.4M | $1.8B | ||
| Q2 25 | $153.1M | $1.5B | ||
| Q1 25 | $90.7M | $1.6B | ||
| Q4 24 | $160.0M | — | ||
| Q3 24 | $180.8M | $1.5B | ||
| Q2 24 | $92.1M | $875.6M | ||
| Q1 24 | $-27.0M | $1.3B |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 5.7% | 44.7% | ||
| Q2 25 | 3.8% | 38.3% | ||
| Q1 25 | 2.3% | 40.4% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 4.4% | 38.9% | ||
| Q2 24 | 2.6% | 25.0% | ||
| Q1 24 | -0.8% | 34.0% |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.4% | 1.0% | ||
| Q2 25 | 4.5% | 0.7% | ||
| Q1 25 | 2.9% | 1.6% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 2.5% | 1.4% | ||
| Q2 24 | 5.5% | 0.7% | ||
| Q1 24 | 4.5% | 1.5% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.73× | 1.47× | ||
| Q2 25 | 3.40× | 1.20× | ||
| Q1 25 | 2.35× | 1.15× | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 1.56× | 1.58× | ||
| Q2 24 | 3.31× | 0.96× | ||
| Q1 24 | 1.41× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CASY
Segment breakdown not available.
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
