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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and PPL Corporation (PPL). 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 $2.3B, roughly 1.9× PPL Corporation). PPL Corporation runs the higher net margin — 11.3% vs 4.6%, a 6.7% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 7.2%). CASEYS GENERAL STORES INC produced more free cash flow last quarter ($176.0M vs $-614.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs 1.0%).

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...

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

CASY vs PPL — Head-to-Head

Bigger by revenue
CASY
CASY
1.9× larger
CASY
$4.5B
$2.3B
PPL
Growing faster (revenue YoY)
CASY
CASY
+7.0% gap
CASY
14.2%
7.2%
PPL
Higher net margin
PPL
PPL
6.7% more per $
PPL
11.3%
4.6%
CASY
More free cash flow
CASY
CASY
$790.0M more FCF
CASY
$176.0M
$-614.0M
PPL
Faster 2-yr revenue CAGR
CASY
CASY
Annualised
CASY
16.3%
1.0%
PPL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CASY
CASY
PPL
PPL
Revenue
$4.5B
$2.3B
Net Profit
$206.3M
$266.0M
Gross Margin
Operating Margin
6.1%
20.3%
Net Margin
4.6%
11.3%
Revenue YoY
14.2%
7.2%
Net Profit YoY
14.0%
50.3%
EPS (diluted)
$5.53
$0.35

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
PPL
PPL
Q4 25
$4.5B
$2.3B
Q3 25
$4.6B
$2.2B
Q2 25
$4.0B
$2.0B
Q1 25
$3.9B
$2.5B
Q4 24
$3.9B
$2.2B
Q3 24
$4.1B
$2.1B
Q2 24
$3.6B
$1.9B
Q1 24
$3.3B
$2.3B
Net Profit
CASY
CASY
PPL
PPL
Q4 25
$206.3M
$266.0M
Q3 25
$215.4M
$318.0M
Q2 25
$98.3M
$183.0M
Q1 25
$87.1M
$414.0M
Q4 24
$180.9M
$177.0M
Q3 24
$180.2M
$214.0M
Q2 24
$87.0M
$190.0M
Q1 24
$86.9M
$307.0M
Operating Margin
CASY
CASY
PPL
PPL
Q4 25
6.1%
20.3%
Q3 25
6.1%
25.4%
Q2 25
19.9%
Q1 25
2.8%
26.6%
Q4 24
6.1%
17.2%
Q3 24
5.8%
20.6%
Q2 24
20.8%
Q1 24
3.4%
23.7%
Net Margin
CASY
CASY
PPL
PPL
Q4 25
4.6%
11.3%
Q3 25
4.7%
14.2%
Q2 25
2.5%
9.0%
Q1 25
2.2%
16.3%
Q4 24
4.6%
8.1%
Q3 24
4.4%
10.3%
Q2 24
2.4%
10.1%
Q1 24
2.6%
13.3%
EPS (diluted)
CASY
CASY
PPL
PPL
Q4 25
$5.53
$0.35
Q3 25
$5.77
$0.43
Q2 25
$2.63
$0.25
Q1 25
$2.33
$0.56
Q4 24
$4.85
$0.23
Q3 24
$4.83
$0.29
Q2 24
$2.34
$0.26
Q1 24
$2.33
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CASY
CASY
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$492.0M
$1.1B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$3.8B
$14.9B
Total Assets
$8.6B
$45.2B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
PPL
PPL
Q4 25
$492.0M
$1.1B
Q3 25
$458.1M
$1.1B
Q2 25
$326.7M
$294.0M
Q1 25
$394.8M
$312.0M
Q4 24
$351.7M
$306.0M
Q3 24
$305.0M
$542.0M
Q2 24
$206.5M
$282.0M
Q1 24
$177.9M
$276.0M
Total Debt
CASY
CASY
PPL
PPL
Q4 25
$18.9B
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
$16.5B
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
CASY
CASY
PPL
PPL
Q4 25
$3.8B
$14.9B
Q3 25
$3.6B
$14.4B
Q2 25
$3.5B
$14.3B
Q1 25
$3.4B
$14.3B
Q4 24
$3.3B
$14.1B
Q3 24
$3.2B
$14.1B
Q2 24
$3.0B
$14.1B
Q1 24
$2.9B
$14.1B
Total Assets
CASY
CASY
PPL
PPL
Q4 25
$8.6B
$45.2B
Q3 25
$8.4B
$43.9B
Q2 25
$8.2B
$42.4B
Q1 25
$8.2B
$41.8B
Q4 24
$7.7B
$41.1B
Q3 24
$6.5B
$40.5B
Q2 24
$6.3B
$39.8B
Q1 24
$6.2B
$39.6B
Debt / Equity
CASY
CASY
PPL
PPL
Q4 25
1.27×
Q3 25
Q2 25
0.69×
Q1 25
Q4 24
1.17×
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
PPL
PPL
Operating Cash FlowLast quarter
$347.1M
$548.0M
Free Cash FlowOCF − Capex
$176.0M
$-614.0M
FCF MarginFCF / Revenue
3.9%
-26.1%
Capex IntensityCapex / Revenue
3.8%
49.5%
Cash ConversionOCF / Net Profit
1.68×
2.06×
TTM Free Cash FlowTrailing 4 quarters
$682.2M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CASY
CASY
PPL
PPL
Q4 25
$347.1M
$548.0M
Q3 25
$372.4M
$966.0M
Q2 25
$333.9M
$602.0M
Q1 25
$204.9M
$513.0M
Q4 24
$270.7M
$511.0M
Q3 24
$281.4M
$781.0M
Q2 24
$288.4M
$766.0M
Q1 24
$122.8M
$282.0M
Free Cash Flow
CASY
CASY
PPL
PPL
Q4 25
$176.0M
$-614.0M
Q3 25
$262.4M
$-179.0M
Q2 25
$153.1M
$-328.0M
Q1 25
$90.7M
$-280.0M
Q4 24
$160.0M
$-349.0M
Q3 24
$180.8M
$102.0M
Q2 24
$92.1M
$96.0M
Q1 24
$-27.0M
$-314.0M
FCF Margin
CASY
CASY
PPL
PPL
Q4 25
3.9%
-26.1%
Q3 25
5.7%
-8.0%
Q2 25
3.8%
-16.1%
Q1 25
2.3%
-11.0%
Q4 24
4.1%
-15.9%
Q3 24
4.4%
4.9%
Q2 24
2.6%
5.1%
Q1 24
-0.8%
-13.6%
Capex Intensity
CASY
CASY
PPL
PPL
Q4 25
3.8%
49.5%
Q3 25
2.4%
51.2%
Q2 25
4.5%
45.6%
Q1 25
2.9%
31.2%
Q4 24
2.8%
39.3%
Q3 24
2.5%
32.7%
Q2 24
5.5%
35.8%
Q1 24
4.5%
25.9%
Cash Conversion
CASY
CASY
PPL
PPL
Q4 25
1.68×
2.06×
Q3 25
1.73×
3.04×
Q2 25
3.40×
3.29×
Q1 25
2.35×
1.24×
Q4 24
1.50×
2.89×
Q3 24
1.56×
3.65×
Q2 24
3.31×
4.03×
Q1 24
1.41×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CASY
CASY

Segment breakdown not available.

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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