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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Smurfit Westrock (SW). Click either name above to swap in a different company.

Smurfit Westrock is the larger business by last-quarter revenue ($7.6B vs $4.5B, roughly 1.7× CASEYS GENERAL STORES INC). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs 1.3%, a 3.3% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 0.5%). Smurfit Westrock produced more free cash flow last quarter ($612.0M vs $176.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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...

Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.

CASY vs SW — Head-to-Head

Bigger by revenue
SW
SW
1.7× larger
SW
$7.6B
$4.5B
CASY
Growing faster (revenue YoY)
CASY
CASY
+13.6% gap
CASY
14.2%
0.5%
SW
Higher net margin
CASY
CASY
3.3% more per $
CASY
4.6%
1.3%
SW
More free cash flow
SW
SW
$436.0M more FCF
SW
$612.0M
$176.0M
CASY
Faster 2-yr revenue CAGR
SW
SW
Annualised
SW
60.8%
16.3%
CASY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CASY
CASY
SW
SW
Revenue
$4.5B
$7.6B
Net Profit
$206.3M
$97.0M
Gross Margin
18.2%
Operating Margin
6.1%
5.1%
Net Margin
4.6%
1.3%
Revenue YoY
14.2%
0.5%
Net Profit YoY
14.0%
-33.6%
EPS (diluted)
$5.53
$0.18

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
SW
SW
Q4 25
$4.5B
$7.6B
Q3 25
$4.6B
$8.0B
Q2 25
$4.0B
$7.9B
Q1 25
$3.9B
$7.7B
Q4 24
$3.9B
$7.5B
Q3 24
$4.1B
$7.7B
Q2 24
$3.6B
$3.0B
Q1 24
$3.3B
$2.9B
Net Profit
CASY
CASY
SW
SW
Q4 25
$206.3M
$97.0M
Q3 25
$215.4M
$246.0M
Q2 25
$98.3M
$-28.0M
Q1 25
$87.1M
$384.0M
Q4 24
$180.9M
$146.0M
Q3 24
$180.2M
$-150.0M
Q2 24
$87.0M
$132.0M
Q1 24
$86.9M
$191.0M
Gross Margin
CASY
CASY
SW
SW
Q4 25
18.2%
Q3 25
19.6%
Q2 25
19.1%
Q1 25
20.6%
Q4 24
19.1%
Q3 24
17.6%
Q2 24
23.3%
Q1 24
24.2%
Operating Margin
CASY
CASY
SW
SW
Q4 25
6.1%
5.1%
Q3 25
6.1%
6.6%
Q2 25
3.2%
Q1 25
2.8%
7.2%
Q4 24
6.1%
5.3%
Q3 24
5.8%
0.7%
Q2 24
8.2%
Q1 24
3.4%
10.5%
Net Margin
CASY
CASY
SW
SW
Q4 25
4.6%
1.3%
Q3 25
4.7%
3.1%
Q2 25
2.5%
-0.4%
Q1 25
2.2%
5.0%
Q4 24
4.6%
1.9%
Q3 24
4.4%
-2.0%
Q2 24
2.4%
4.4%
Q1 24
2.6%
6.5%
EPS (diluted)
CASY
CASY
SW
SW
Q4 25
$5.53
$0.18
Q3 25
$5.77
$0.47
Q2 25
$2.63
$-0.05
Q1 25
$2.33
$0.73
Q4 24
$4.85
$-0.12
Q3 24
$4.83
$-0.30
Q2 24
$2.34
$0.51
Q1 24
$2.33
$0.73

Balance Sheet & Financial Strength

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

Metric
CASY
CASY
SW
SW
Cash + ST InvestmentsLiquidity on hand
$492.0M
$892.0M
Total DebtLower is stronger
$13.4B
Stockholders' EquityBook value
$3.8B
$18.3B
Total Assets
$8.6B
$45.2B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
SW
SW
Q4 25
$492.0M
$892.0M
Q3 25
$458.1M
$851.0M
Q2 25
$326.7M
$778.0M
Q1 25
$394.8M
$797.0M
Q4 24
$351.7M
$855.0M
Q3 24
$305.0M
Q2 24
$206.5M
$26.8K
Q1 24
$177.9M
$108
Total Debt
CASY
CASY
SW
SW
Q4 25
$13.4B
Q3 25
$13.3B
Q2 25
$2.4B
$13.3B
Q1 25
$12.9B
Q4 24
$12.5B
Q3 24
$13.2B
Q2 24
$1.6B
Q1 24
Stockholders' Equity
CASY
CASY
SW
SW
Q4 25
$3.8B
$18.3B
Q3 25
$3.6B
$18.4B
Q2 25
$3.5B
$18.3B
Q1 25
$3.4B
$17.9B
Q4 24
$3.3B
$17.4B
Q3 24
$3.2B
$18.0B
Q2 24
$3.0B
$14.5K
Q1 24
$2.9B
$108
Total Assets
CASY
CASY
SW
SW
Q4 25
$8.6B
$45.2B
Q3 25
$8.4B
$45.6B
Q2 25
$8.2B
$45.7B
Q1 25
$8.2B
$44.6B
Q4 24
$7.7B
$43.8B
Q3 24
$6.5B
$45.0B
Q2 24
$6.3B
$26.8K
Q1 24
$6.2B
$108
Debt / Equity
CASY
CASY
SW
SW
Q4 25
0.73×
Q3 25
0.72×
Q2 25
0.69×
0.73×
Q1 25
0.72×
Q4 24
0.72×
Q3 24
0.73×
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
SW
SW
Operating Cash FlowLast quarter
$347.1M
$1.2B
Free Cash FlowOCF − Capex
$176.0M
$612.0M
FCF MarginFCF / Revenue
3.9%
8.1%
Capex IntensityCapex / Revenue
3.8%
7.7%
Cash ConversionOCF / Net Profit
1.68×
12.32×
TTM Free Cash FlowTrailing 4 quarters
$682.2M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CASY
CASY
SW
SW
Q4 25
$347.1M
$1.2B
Q3 25
$372.4M
$1.1B
Q2 25
$333.9M
$829.0M
Q1 25
$204.9M
$235.0M
Q4 24
$270.7M
$781.0M
Q3 24
$281.4M
$320.0M
Q2 24
$288.4M
$340.0M
Q1 24
$122.8M
$42.0M
Free Cash Flow
CASY
CASY
SW
SW
Q4 25
$176.0M
$612.0M
Q3 25
$262.4M
$523.0M
Q2 25
$153.1M
$307.0M
Q1 25
$90.7M
$-242.0M
Q4 24
$160.0M
$212.0M
Q3 24
$180.8M
$-192.0M
Q2 24
$92.1M
$163.0M
Q1 24
$-27.0M
$-166.0M
FCF Margin
CASY
CASY
SW
SW
Q4 25
3.9%
8.1%
Q3 25
5.7%
6.5%
Q2 25
3.8%
3.9%
Q1 25
2.3%
-3.2%
Q4 24
4.1%
2.8%
Q3 24
4.4%
-2.5%
Q2 24
2.6%
5.5%
Q1 24
-0.8%
-5.7%
Capex Intensity
CASY
CASY
SW
SW
Q4 25
3.8%
7.7%
Q3 25
2.4%
7.6%
Q2 25
4.5%
6.6%
Q1 25
2.9%
6.2%
Q4 24
2.8%
7.5%
Q3 24
2.5%
6.7%
Q2 24
5.5%
6.0%
Q1 24
4.5%
7.1%
Cash Conversion
CASY
CASY
SW
SW
Q4 25
1.68×
12.32×
Q3 25
1.73×
4.61×
Q2 25
3.40×
Q1 25
2.35×
0.61×
Q4 24
1.50×
5.35×
Q3 24
1.56×
Q2 24
3.31×
2.58×
Q1 24
1.41×
0.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CASY
CASY

Segment breakdown not available.

SW
SW

Packaging$3.3B43%
Other$3.2B43%
Paper$1.1B14%

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