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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and PPG Industries (PPG). 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 1.1× PPG Industries). PPG Industries runs the higher net margin — 9.8% vs 4.6%, a 5.2% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 6.7%). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs -9.5%).
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...
PPG Industries, Inc. is an American supplier of paints, coatings, and specialty materials based in Pittsburgh, Pennsylvania. It operates in more than 70 countries globally. A member of the Fortune 500, PPG is the second largest coatings company in the world by revenue, behind Sherwin-Williams. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.
CASY vs PPG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $3.9B |
| Net Profit | $206.3M | $385.0M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | — |
| Net Margin | 4.6% | 9.8% |
| Revenue YoY | 14.2% | 6.7% |
| Net Profit YoY | 14.0% | 1.9% |
| 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.
| Q1 26 | — | $3.9B | ||
| Q4 25 | $4.5B | $3.9B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $4.0B | $4.2B | ||
| Q1 25 | $3.9B | $3.7B | ||
| Q4 24 | $3.9B | $2.2B | ||
| Q3 24 | $4.1B | $4.6B | ||
| Q2 24 | $3.6B | $4.8B |
| Q1 26 | — | $385.0M | ||
| Q4 25 | $206.3M | $300.0M | ||
| Q3 25 | $215.4M | $453.0M | ||
| Q2 25 | $98.3M | $450.0M | ||
| Q1 25 | $87.1M | $373.0M | ||
| Q4 24 | $180.9M | $-280.0M | ||
| Q3 24 | $180.2M | $468.0M | ||
| Q2 24 | $87.0M | $528.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 40.6% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | — | 41.8% | ||
| Q2 24 | — | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 9.9% | ||
| Q3 25 | 6.1% | 16.9% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | 2.8% | 16.5% | ||
| Q4 24 | 6.1% | 0.5% | ||
| Q3 24 | 5.8% | 15.6% | ||
| Q2 24 | — | 17.3% |
| Q1 26 | — | 9.8% | ||
| Q4 25 | 4.6% | 7.7% | ||
| Q3 25 | 4.7% | 11.1% | ||
| Q2 25 | 2.5% | 10.7% | ||
| Q1 25 | 2.2% | 10.1% | ||
| Q4 24 | 4.6% | -12.9% | ||
| Q3 24 | 4.4% | 10.2% | ||
| Q2 24 | 2.4% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | $5.53 | $1.33 | ||
| Q3 25 | $5.77 | $2.00 | ||
| Q2 25 | $2.63 | $1.98 | ||
| Q1 25 | $2.33 | $1.63 | ||
| Q4 24 | $4.85 | $-1.18 | ||
| Q3 24 | $4.83 | $2.00 | ||
| Q2 24 | $2.34 | $2.24 |
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 | $1.6B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $3.8B | — |
| Total Assets | $8.6B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $492.0M | $2.2B | ||
| Q3 25 | $458.1M | $1.9B | ||
| Q2 25 | $326.7M | $1.6B | ||
| Q1 25 | $394.8M | $1.9B | ||
| Q4 24 | $351.7M | $1.4B | ||
| Q3 24 | $305.0M | $1.3B | ||
| Q2 24 | $206.5M | $1.2B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | — | $7.3B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | $2.4B | $7.3B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | $1.6B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $7.9B | ||
| Q3 25 | $3.6B | $7.8B | ||
| Q2 25 | $3.5B | $7.6B | ||
| Q1 25 | $3.4B | $6.9B | ||
| Q4 24 | $3.3B | $6.8B | ||
| Q3 24 | $3.2B | $7.8B | ||
| Q2 24 | $3.0B | $7.8B |
| Q1 26 | — | — | ||
| Q4 25 | $8.6B | $22.1B | ||
| Q3 25 | $8.4B | $22.1B | ||
| Q2 25 | $8.2B | $22.1B | ||
| Q1 25 | $8.2B | $21.1B | ||
| Q4 24 | $7.7B | $19.4B | ||
| Q3 24 | $6.5B | $21.9B | ||
| Q2 24 | $6.3B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | 0.69× | 0.97× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | 0.52× | 0.82× |
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 | — |
| Free Cash FlowOCF − Capex | $176.0M | — |
| FCF MarginFCF / Revenue | 3.9% | — |
| Capex IntensityCapex / Revenue | 3.8% | 5.0% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $347.1M | $887.0M | ||
| Q3 25 | $372.4M | $685.0M | ||
| Q2 25 | $333.9M | $387.0M | ||
| Q1 25 | $204.9M | $-18.0M | ||
| Q4 24 | $270.7M | $346.0M | ||
| Q3 24 | $281.4M | $769.0M | ||
| Q2 24 | $288.4M | $365.0M |
| Q1 26 | — | — | ||
| Q4 25 | $176.0M | $586.0M | ||
| Q3 25 | $262.4M | $538.0M | ||
| Q2 25 | $153.1M | $266.0M | ||
| Q1 25 | $90.7M | $-227.0M | ||
| Q4 24 | $160.0M | $148.0M | ||
| Q3 24 | $180.8M | $620.0M | ||
| Q2 24 | $92.1M | $247.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 15.0% | ||
| Q3 25 | 5.7% | 13.2% | ||
| Q2 25 | 3.8% | 6.3% | ||
| Q1 25 | 2.3% | -6.2% | ||
| Q4 24 | 4.1% | 6.8% | ||
| Q3 24 | 4.4% | 13.6% | ||
| Q2 24 | 2.6% | 5.2% |
| Q1 26 | — | 5.0% | ||
| Q4 25 | 3.8% | 7.7% | ||
| Q3 25 | 2.4% | 3.6% | ||
| Q2 25 | 4.5% | 2.9% | ||
| Q1 25 | 2.9% | 5.7% | ||
| Q4 24 | 2.8% | 9.1% | ||
| Q3 24 | 2.5% | 3.3% | ||
| Q2 24 | 5.5% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 2.96× | ||
| Q3 25 | 1.73× | 1.51× | ||
| Q2 25 | 3.40× | 0.86× | ||
| Q1 25 | 2.35× | -0.05× | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 1.56× | 1.64× | ||
| Q2 24 | 3.31× | 0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
