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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Sea Ltd (SE). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $4.5B, roughly 5.1× CASEYS GENERAL STORES INC). Sea Ltd runs the higher net margin — 7.0% vs 4.6%, a 2.4% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs 14.2%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% 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...
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
CASY vs SE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $22.9B |
| Net Profit | $206.3M | $1.6B |
| Gross Margin | — | 44.7% |
| Operating Margin | 6.1% | 8.7% |
| Net Margin | 4.6% | 7.0% |
| Revenue YoY | 14.2% | 363.4% |
| Net Profit YoY | 14.0% | — |
| EPS (diluted) | $5.53 | $2.52 |
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 | $22.9B | ||
| Q3 25 | $4.6B | $6.0B | ||
| Q2 25 | $4.0B | $5.3B | ||
| Q1 25 | $3.9B | $4.8B | ||
| Q4 24 | $3.9B | $5.0B | ||
| Q3 24 | $4.1B | $4.3B | ||
| Q2 24 | $3.6B | $3.8B | ||
| Q1 24 | $3.3B | $3.7B |
| Q4 25 | $206.3M | $1.6B | ||
| Q3 25 | $215.4M | $375.0M | ||
| Q2 25 | $98.3M | $414.2M | ||
| Q1 25 | $87.1M | $-7.8M | ||
| Q4 24 | $180.9M | — | ||
| Q3 24 | $180.2M | — | ||
| Q2 24 | $87.0M | — | ||
| Q1 24 | $86.9M | $-23.0M |
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 41.6% |
| Q4 25 | 6.1% | 8.7% | ||
| Q3 25 | 6.1% | 8.0% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | 2.8% | 9.4% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.4% | 1.9% |
| Q4 25 | 4.6% | 7.0% | ||
| Q3 25 | 4.7% | 6.3% | ||
| Q2 25 | 2.5% | 7.9% | ||
| Q1 25 | 2.2% | -0.2% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 2.6% | -0.6% |
| Q4 25 | $5.53 | $2.52 | ||
| Q3 25 | $5.77 | $0.59 | ||
| Q2 25 | $2.63 | $0.65 | ||
| Q1 25 | $2.33 | $0.65 | ||
| 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 | $10.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $12.6B |
| Total Assets | $8.6B | $29.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $492.0M | $10.6B | ||
| Q3 25 | $458.1M | — | ||
| Q2 25 | $326.7M | — | ||
| Q1 25 | $394.8M | — | ||
| Q4 24 | $351.7M | $8.6B | ||
| Q3 24 | $305.0M | — | ||
| Q2 24 | $206.5M | — | ||
| Q1 24 | $177.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | $12.6B | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | $8.4B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | $8.6B | $29.4B | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.2B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $7.7B | $22.6B | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $6.3B | — | ||
| Q1 24 | $6.2B | — |
| 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 | $5.0B |
| Free Cash FlowOCF − Capex | $176.0M | — |
| FCF MarginFCF / Revenue | 3.9% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.68× | 3.12× |
| TTM Free Cash FlowTrailing 4 quarters | $682.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.1M | $5.0B | ||
| Q3 25 | $372.4M | $3.5B | ||
| Q2 25 | $333.9M | $2.4B | ||
| Q1 25 | $204.9M | $756.9M | ||
| Q4 24 | $270.7M | — | ||
| Q3 24 | $281.4M | — | ||
| Q2 24 | $288.4M | — | ||
| Q1 24 | $122.8M | $468.5M |
| Q4 25 | $176.0M | — | ||
| Q3 25 | $262.4M | — | ||
| Q2 25 | $153.1M | — | ||
| Q1 25 | $90.7M | — | ||
| Q4 24 | $160.0M | — | ||
| Q3 24 | $180.8M | — | ||
| Q2 24 | $92.1M | — | ||
| Q1 24 | $-27.0M | — |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | -0.8% | — |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 4.5% | — |
| Q4 25 | 1.68× | 3.12× | ||
| Q3 25 | 1.73× | 9.46× | ||
| Q2 25 | 3.40× | 5.73× | ||
| Q1 25 | 2.35× | — | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 3.31× | — | ||
| Q1 24 | 1.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
