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

Vistra Corp. is the larger business by last-quarter revenue ($4.8B vs $4.5B, roughly 1.1× CASEYS GENERAL STORES INC). Vistra Corp. runs the higher net margin — 4.8% vs 4.6%, a 0.3% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 14.2%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $176.0M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% 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...

Vistra may refer to either of two companies:Vistra, a corporate services company based in Hong Kong Vistra Corp, an energy company based in Texas

CASY vs VST — Head-to-Head

Bigger by revenue
VST
VST
1.1× larger
VST
$4.8B
$4.5B
CASY
Growing faster (revenue YoY)
VST
VST
+17.0% gap
VST
31.2%
14.2%
CASY
Higher net margin
VST
VST
0.3% more per $
VST
4.8%
4.6%
CASY
More free cash flow
VST
VST
$420.0M more FCF
VST
$596.0M
$176.0M
CASY
Faster 2-yr revenue CAGR
VST
VST
Annualised
VST
23.3%
16.3%
CASY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CASY
CASY
VST
VST
Revenue
$4.5B
$4.8B
Net Profit
$206.3M
$233.0M
Gross Margin
Operating Margin
6.1%
9.9%
Net Margin
4.6%
4.8%
Revenue YoY
14.2%
31.2%
Net Profit YoY
14.0%
-47.2%
EPS (diluted)
$5.53
$0.55

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
VST
VST
Q4 25
$4.5B
$4.8B
Q3 25
$4.6B
$4.8B
Q2 25
$4.0B
$3.8B
Q1 25
$3.9B
$4.3B
Q4 24
$3.9B
$3.7B
Q3 24
$4.1B
$4.3B
Q2 24
$3.6B
$3.6B
Q1 24
$3.3B
$3.2B
Net Profit
CASY
CASY
VST
VST
Q4 25
$206.3M
$233.0M
Q3 25
$215.4M
$652.0M
Q2 25
$98.3M
$327.0M
Q1 25
$87.1M
$-268.0M
Q4 24
$180.9M
$441.0M
Q3 24
$180.2M
$1.9B
Q2 24
$87.0M
$365.0M
Q1 24
$86.9M
$-35.0M
Operating Margin
CASY
CASY
VST
VST
Q4 25
6.1%
9.9%
Q3 25
6.1%
21.7%
Q2 25
13.7%
Q1 25
2.8%
-2.8%
Q4 24
6.1%
16.4%
Q3 24
5.8%
59.6%
Q2 24
22.5%
Q1 24
3.4%
2.7%
Net Margin
CASY
CASY
VST
VST
Q4 25
4.6%
4.8%
Q3 25
4.7%
13.6%
Q2 25
2.5%
8.7%
Q1 25
2.2%
-6.3%
Q4 24
4.6%
12.0%
Q3 24
4.4%
43.5%
Q2 24
2.4%
10.1%
Q1 24
2.6%
-1.1%
EPS (diluted)
CASY
CASY
VST
VST
Q4 25
$5.53
$0.55
Q3 25
$5.77
$1.75
Q2 25
$2.63
$0.81
Q1 25
$2.33
$-0.93
Q4 24
$4.85
$1.09
Q3 24
$4.83
$5.25
Q2 24
$2.34
$0.90
Q1 24
$2.33
$-0.24

Balance Sheet & Financial Strength

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

Metric
CASY
CASY
VST
VST
Cash + ST InvestmentsLiquidity on hand
$492.0M
$785.0M
Total DebtLower is stronger
$15.8B
Stockholders' EquityBook value
$3.8B
$5.1B
Total Assets
$8.6B
$41.5B
Debt / EquityLower = less leverage
3.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
VST
VST
Q4 25
$492.0M
$785.0M
Q3 25
$458.1M
$602.0M
Q2 25
$326.7M
$458.0M
Q1 25
$394.8M
$561.0M
Q4 24
$351.7M
$1.2B
Q3 24
$305.0M
$905.0M
Q2 24
$206.5M
$1.6B
Q1 24
$177.9M
$1.1B
Total Debt
CASY
CASY
VST
VST
Q4 25
$15.8B
Q3 25
$15.8B
Q2 25
$2.4B
$15.5B
Q1 25
$15.4B
Q4 24
$15.4B
Q3 24
$13.9B
Q2 24
$1.6B
$13.9B
Q1 24
$14.7B
Stockholders' Equity
CASY
CASY
VST
VST
Q4 25
$3.8B
$5.1B
Q3 25
$3.6B
$5.2B
Q2 25
$3.5B
$4.8B
Q1 25
$3.4B
$4.8B
Q4 24
$3.3B
$5.6B
Q3 24
$3.2B
$5.4B
Q2 24
$3.0B
$5.6B
Q1 24
$2.9B
$5.7B
Total Assets
CASY
CASY
VST
VST
Q4 25
$8.6B
$41.5B
Q3 25
$8.4B
$38.0B
Q2 25
$8.2B
$38.1B
Q1 25
$8.2B
$38.2B
Q4 24
$7.7B
$37.8B
Q3 24
$6.5B
$37.9B
Q2 24
$6.3B
$39.1B
Q1 24
$6.2B
$38.2B
Debt / Equity
CASY
CASY
VST
VST
Q4 25
3.11×
Q3 25
3.02×
Q2 25
0.69×
3.22×
Q1 25
3.20×
Q4 24
2.77×
Q3 24
2.56×
Q2 24
0.52×
2.49×
Q1 24
2.60×

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
VST
VST
Operating Cash FlowLast quarter
$347.1M
$1.4B
Free Cash FlowOCF − Capex
$176.0M
$596.0M
FCF MarginFCF / Revenue
3.9%
12.4%
Capex IntensityCapex / Revenue
3.8%
17.4%
Cash ConversionOCF / Net Profit
1.68×
6.15×
TTM Free Cash FlowTrailing 4 quarters
$682.2M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CASY
CASY
VST
VST
Q4 25
$347.1M
$1.4B
Q3 25
$372.4M
$1.5B
Q2 25
$333.9M
$572.0M
Q1 25
$204.9M
$599.0M
Q4 24
$270.7M
$1.4B
Q3 24
$281.4M
$1.7B
Q2 24
$288.4M
$1.2B
Q1 24
$122.8M
$312.0M
Free Cash Flow
CASY
CASY
VST
VST
Q4 25
$176.0M
$596.0M
Q3 25
$262.4M
$1.0B
Q2 25
$153.1M
$-118.0M
Q1 25
$90.7M
$-169.0M
Q4 24
$160.0M
$923.0M
Q3 24
$180.8M
$1.0B
Q2 24
$92.1M
$698.0M
Q1 24
$-27.0M
$-153.0M
FCF Margin
CASY
CASY
VST
VST
Q4 25
3.9%
12.4%
Q3 25
5.7%
21.1%
Q2 25
3.8%
-3.1%
Q1 25
2.3%
-4.0%
Q4 24
4.1%
25.2%
Q3 24
4.4%
23.4%
Q2 24
2.6%
19.4%
Q1 24
-0.8%
-4.8%
Capex Intensity
CASY
CASY
VST
VST
Q4 25
3.8%
17.4%
Q3 25
2.4%
9.6%
Q2 25
4.5%
18.4%
Q1 25
2.9%
18.1%
Q4 24
2.8%
11.7%
Q3 24
2.5%
15.8%
Q2 24
5.5%
13.8%
Q1 24
4.5%
14.7%
Cash Conversion
CASY
CASY
VST
VST
Q4 25
1.68×
6.15×
Q3 25
1.73×
2.25×
Q2 25
3.40×
1.75×
Q1 25
2.35×
Q4 24
1.50×
3.07×
Q3 24
1.56×
0.90×
Q2 24
3.31×
3.28×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CASY
CASY

Segment breakdown not available.

VST
VST

Retail Energy Charge In ERCOT$2.1B43%
Retail Energy Charge In Northeast Midwest$1.2B24%
East Segment$1.1B24%
Hedging Revenue Realized$170.0M4%
Revenue From Other Wholesale Contracts$116.0M2%
Transferable Production Tax Credit Revenues$78.0M2%
West Segment$77.0M2%
Intersegment Sales$25.0M1%

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