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Side-by-side financial comparison of CASEYS GENERAL STORES INC (CASY) and Zoetis (ZTS). 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 $2.4B, roughly 1.9× Zoetis). Zoetis runs the higher net margin — 25.3% vs 4.6%, a 20.7% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 3.0%). Zoetis produced more free cash flow last quarter ($732.0M vs $176.0M). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% CAGR vs 4.4%).

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...

Zoetis Inc. (/zō-EH-tis/) is an American drug company, the world's largest producer of medicine and vaccinations for pets and livestock. The company was a subsidiary of Pfizer, the world's largest drug maker, but with Pfizer's spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries. Operations outside the United States accounted for 50% of the total re...

CASY vs ZTS — Head-to-Head

Bigger by revenue
CASY
CASY
1.9× larger
CASY
$4.5B
$2.4B
ZTS
Growing faster (revenue YoY)
CASY
CASY
+11.2% gap
CASY
14.2%
3.0%
ZTS
Higher net margin
ZTS
ZTS
20.7% more per $
ZTS
25.3%
4.6%
CASY
More free cash flow
ZTS
ZTS
$556.0M more FCF
ZTS
$732.0M
$176.0M
CASY
Faster 2-yr revenue CAGR
CASY
CASY
Annualised
CASY
16.3%
4.4%
ZTS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CASY
CASY
ZTS
ZTS
Revenue
$4.5B
$2.4B
Net Profit
$206.3M
$603.0M
Gross Margin
70.2%
Operating Margin
6.1%
31.9%
Net Margin
4.6%
25.3%
Revenue YoY
14.2%
3.0%
Net Profit YoY
14.0%
3.8%
EPS (diluted)
$5.53
$1.37

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
ZTS
ZTS
Q4 25
$4.5B
$2.4B
Q3 25
$4.6B
$2.4B
Q2 25
$4.0B
$2.5B
Q1 25
$3.9B
$2.2B
Q4 24
$3.9B
$2.3B
Q3 24
$4.1B
$2.4B
Q2 24
$3.6B
$2.4B
Q1 24
$3.3B
$2.2B
Net Profit
CASY
CASY
ZTS
ZTS
Q4 25
$206.3M
$603.0M
Q3 25
$215.4M
$721.0M
Q2 25
$98.3M
$718.0M
Q1 25
$87.1M
$631.0M
Q4 24
$180.9M
$581.0M
Q3 24
$180.2M
$682.0M
Q2 24
$87.0M
$624.0M
Q1 24
$86.9M
$599.0M
Gross Margin
CASY
CASY
ZTS
ZTS
Q4 25
70.2%
Q3 25
71.5%
Q2 25
73.6%
Q1 25
72.0%
Q4 24
69.5%
Q3 24
70.6%
Q2 24
71.7%
Q1 24
70.6%
Operating Margin
CASY
CASY
ZTS
ZTS
Q4 25
6.1%
31.9%
Q3 25
6.1%
37.0%
Q2 25
36.7%
Q1 25
2.8%
36.5%
Q4 24
6.1%
31.6%
Q3 24
5.8%
36.6%
Q2 24
33.0%
Q1 24
3.4%
34.1%
Net Margin
CASY
CASY
ZTS
ZTS
Q4 25
4.6%
25.3%
Q3 25
4.7%
30.0%
Q2 25
2.5%
29.2%
Q1 25
2.2%
28.4%
Q4 24
4.6%
25.1%
Q3 24
4.4%
28.6%
Q2 24
2.4%
26.4%
Q1 24
2.6%
27.4%
EPS (diluted)
CASY
CASY
ZTS
ZTS
Q4 25
$5.53
$1.37
Q3 25
$5.77
$1.63
Q2 25
$2.63
$1.61
Q1 25
$2.33
$1.41
Q4 24
$4.85
$1.29
Q3 24
$4.83
$1.50
Q2 24
$2.34
$1.37
Q1 24
$2.33
$1.31

Balance Sheet & Financial Strength

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

Metric
CASY
CASY
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$492.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.8B
$3.3B
Total Assets
$8.6B
$15.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CASY
CASY
ZTS
ZTS
Q4 25
$492.0M
Q3 25
$458.1M
$2.1B
Q2 25
$326.7M
$1.4B
Q1 25
$394.8M
$1.7B
Q4 24
$351.7M
$2.0B
Q3 24
$305.0M
$1.7B
Q2 24
$206.5M
$1.6B
Q1 24
$177.9M
$2.0B
Total Debt
CASY
CASY
ZTS
ZTS
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
CASY
CASY
ZTS
ZTS
Q4 25
$3.8B
$3.3B
Q3 25
$3.6B
$5.4B
Q2 25
$3.5B
$5.0B
Q1 25
$3.4B
$4.7B
Q4 24
$3.3B
$4.8B
Q3 24
$3.2B
$5.2B
Q2 24
$3.0B
$5.0B
Q1 24
$2.9B
$5.1B
Total Assets
CASY
CASY
ZTS
ZTS
Q4 25
$8.6B
$15.5B
Q3 25
$8.4B
$15.2B
Q2 25
$8.2B
$14.5B
Q1 25
$8.2B
$14.1B
Q4 24
$7.7B
$14.2B
Q3 24
$6.5B
$14.4B
Q2 24
$6.3B
$14.2B
Q1 24
$6.2B
$14.3B
Debt / Equity
CASY
CASY
ZTS
ZTS
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
CASY
CASY
ZTS
ZTS
Operating Cash FlowLast quarter
$347.1M
$893.0M
Free Cash FlowOCF − Capex
$176.0M
$732.0M
FCF MarginFCF / Revenue
3.9%
30.7%
Capex IntensityCapex / Revenue
3.8%
6.7%
Cash ConversionOCF / Net Profit
1.68×
1.48×
TTM Free Cash FlowTrailing 4 quarters
$682.2M
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CASY
CASY
ZTS
ZTS
Q4 25
$347.1M
$893.0M
Q3 25
$372.4M
$938.0M
Q2 25
$333.9M
$486.0M
Q1 25
$204.9M
$587.0M
Q4 24
$270.7M
$905.0M
Q3 24
$281.4M
$951.0M
Q2 24
$288.4M
$502.0M
Q1 24
$122.8M
$595.0M
Free Cash Flow
CASY
CASY
ZTS
ZTS
Q4 25
$176.0M
$732.0M
Q3 25
$262.4M
$805.0M
Q2 25
$153.1M
$308.0M
Q1 25
$90.7M
$438.0M
Q4 24
$160.0M
$689.0M
Q3 24
$180.8M
$784.0M
Q2 24
$92.1M
$370.0M
Q1 24
$-27.0M
$455.0M
FCF Margin
CASY
CASY
ZTS
ZTS
Q4 25
3.9%
30.7%
Q3 25
5.7%
33.5%
Q2 25
3.8%
12.5%
Q1 25
2.3%
19.7%
Q4 24
4.1%
29.7%
Q3 24
4.4%
32.8%
Q2 24
2.6%
15.7%
Q1 24
-0.8%
20.8%
Capex Intensity
CASY
CASY
ZTS
ZTS
Q4 25
3.8%
6.7%
Q3 25
2.4%
5.5%
Q2 25
4.5%
7.2%
Q1 25
2.9%
6.7%
Q4 24
2.8%
9.3%
Q3 24
2.5%
7.0%
Q2 24
5.5%
5.6%
Q1 24
4.5%
6.4%
Cash Conversion
CASY
CASY
ZTS
ZTS
Q4 25
1.68×
1.48×
Q3 25
1.73×
1.30×
Q2 25
3.40×
0.68×
Q1 25
2.35×
0.93×
Q4 24
1.50×
1.56×
Q3 24
1.56×
1.39×
Q2 24
3.31×
0.80×
Q1 24
1.41×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CASY
CASY

Segment breakdown not available.

ZTS
ZTS

Other$1.3B56%
Livestock$234.0M10%
Pain Sedation$209.0M9%
Other Pharmaceuticals$188.0M8%
Swine$125.0M5%
Poultry$117.0M5%
Fish$81.0M3%
Other Non Pharmaceuticals$70.0M3%
Manufactured Product Other$18.0M1%
Medicated Feed Additives$12.0M1%

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