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CASEYS GENERAL STORES INC（CASY）与Murphy USA Inc.（MUSA）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.的季度营收约是CASEYS GENERAL STORES INC的1.1倍（$4.7B vs $4.5B）。CASEYS GENERAL STORES INC净利率更高（4.6% vs 3.0%，领先1.6%）。CASEYS GENERAL STORES INC同比增速更快（14.2% vs 0.7%）。CASEYS GENERAL STORES INC自由现金流更多（$176.0M vs $128.8M）。过去两年CASEYS GENERAL STORES INC的营收复合增速更高（16.3% vs -1.0%）
凯西零售是美国中西部及南部的连锁便利店企业，总部位于爱荷华州得梅因市郊的安克尼。截至2023年10月1日，品牌在16个州共开设2500家门店，是美国第三大、全美资最大的便利店连锁品牌，也是爱荷华州仅有的两家财富500强企业之一，旗下披萨等食品广受消费者欢迎。
墨菲美国是总部位于美国阿肯色州埃尔多拉多的企业，2013年由墨菲石油分拆后独立运营，主营连锁零售加油站业务，旗下站点大多毗邻沃尔玛门店开设，为消费者提供燃油及配套零售服务。
CASY vs MUSA — 直观对比
营收规模更大
MUSA
是对方的1.1倍
$4.5B
营收增速更快
CASY
高出13.5%
0.7%
净利率更高
CASY
高出1.6%
3.0%
自由现金流更多
CASY
多$47.2M
$128.8M
两年增速更快
CASY
近两年复合增速
-1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.7B |
| 净利润 | $206.3M | $141.9M |
| 毛利率 | — | — |
| 营业利润率 | 6.1% | 4.4% |
| 净利率 | 4.6% | 3.0% |
| 营收同比 | 14.2% | 0.7% |
| 净利润同比 | 14.0% | -0.4% |
| 每股收益（稀释后） | $5.53 | $7.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CASYMUSA
| Q4 25 | $4.5B | $4.7B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.0B | $5.0B | ||
| Q1 25 | $3.9B | $4.5B | ||
| Q4 24 | $3.9B | $4.7B | ||
| Q3 24 | $4.1B | $5.2B | ||
| Q2 24 | $3.6B | $5.5B | ||
| Q1 24 | $3.3B | $4.8B |
净利润CASYMUSA
| Q4 25 | $206.3M | $141.9M | ||
| Q3 25 | $215.4M | $129.9M | ||
| Q2 25 | $98.3M | $145.6M | ||
| Q1 25 | $87.1M | $53.2M | ||
| Q4 24 | $180.9M | $142.5M | ||
| Q3 24 | $180.2M | $149.2M | ||
| Q2 24 | $87.0M | $144.8M | ||
| Q1 24 | $86.9M | $66.0M |
营业利润率CASYMUSA
| Q4 25 | 6.1% | 4.4% | ||
| Q3 25 | 6.1% | 3.9% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | 2.8% | 1.9% | ||
| Q4 24 | 6.1% | 4.2% | ||
| Q3 24 | 5.8% | 4.2% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | 3.4% | 2.2% |
净利率CASYMUSA
| Q4 25 | 4.6% | 3.0% | ||
| Q3 25 | 4.7% | 2.5% | ||
| Q2 25 | 2.5% | 2.9% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 4.6% | 3.0% | ||
| Q3 24 | 4.4% | 2.8% | ||
| Q2 24 | 2.4% | 2.7% | ||
| Q1 24 | 2.6% | 1.4% |
每股收益（稀释后）CASYMUSA
| Q4 25 | $5.53 | $7.35 | ||
| Q3 25 | $5.77 | $6.76 | ||
| Q2 25 | $2.63 | $7.36 | ||
| Q1 25 | $2.33 | $2.63 | ||
| Q4 24 | $4.85 | $6.87 | ||
| Q3 24 | $4.83 | $7.20 | ||
| Q2 24 | $2.34 | $6.92 | ||
| Q1 24 | $2.33 | $3.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $492.0M | $28.9M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $3.8B | $623.5M |
| 总资产 | $8.6B | $4.7B |
| 负债/权益比越低杠杆越低 | — | 3.47× |
8季度趋势，按日历期对齐
现金及短期投资CASYMUSA
| Q4 25 | $492.0M | $28.9M | ||
| Q3 25 | $458.1M | $42.8M | ||
| Q2 25 | $326.7M | $54.1M | ||
| Q1 25 | $394.8M | $49.4M | ||
| Q4 24 | $351.7M | $47.0M | ||
| Q3 24 | $305.0M | $52.5M | ||
| Q2 24 | $206.5M | $79.8M | ||
| Q1 24 | $177.9M | $56.7M |
总债务CASYMUSA
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | — | $1.8B |
股东权益CASYMUSA
| Q4 25 | $3.8B | $623.5M | ||
| Q3 25 | $3.6B | $546.0M | ||
| Q2 25 | $3.5B | $646.1M | ||
| Q1 25 | $3.4B | $719.6M | ||
| Q4 24 | $3.3B | $840.1M | ||
| Q3 24 | $3.2B | $830.1M | ||
| Q2 24 | $3.0B | $811.3M | ||
| Q1 24 | $2.9B | $781.6M |
总资产CASYMUSA
| Q4 25 | $8.6B | $4.7B | ||
| Q3 25 | $8.4B | $4.7B | ||
| Q2 25 | $8.2B | $4.6B | ||
| Q1 25 | $8.2B | $4.5B | ||
| Q4 24 | $7.7B | $4.5B | ||
| Q3 24 | $6.5B | $4.4B | ||
| Q2 24 | $6.3B | $4.4B | ||
| Q1 24 | $6.2B | $4.3B |
负债/权益比CASYMUSA
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 4.07× | ||
| Q2 25 | 0.69× | 3.20× | ||
| Q1 25 | — | 2.74× | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | 2.19× | ||
| Q2 24 | 0.52× | 2.20× | ||
| Q1 24 | — | 2.28× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $347.1M | $245.5M |
| 自由现金流经营现金流 - 资本支出 | $176.0M | $128.8M |
| 自由现金流率自由现金流/营收 | 3.9% | 2.7% |
| 资本支出强度资本支出/营收 | 3.8% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.73× |
| 过去12个月自由现金流最近4个季度 | $682.2M | $374.3M |
8季度趋势，按日历期对齐
经营现金流CASYMUSA
| Q4 25 | $347.1M | $245.5M | ||
| Q3 25 | $372.4M | $184.8M | ||
| Q2 25 | $333.9M | $255.1M | ||
| Q1 25 | $204.9M | $128.5M | ||
| Q4 24 | $270.7M | $248.7M | ||
| Q3 24 | $281.4M | $202.1M | ||
| Q2 24 | $288.4M | $260.8M | ||
| Q1 24 | $122.8M | $136.0M |
自由现金流CASYMUSA
| Q4 25 | $176.0M | $128.8M | ||
| Q3 25 | $262.4M | $67.7M | ||
| Q2 25 | $153.1M | $137.1M | ||
| Q1 25 | $90.7M | $40.7M | ||
| Q4 24 | $160.0M | $121.7M | ||
| Q3 24 | $180.8M | $65.2M | ||
| Q2 24 | $92.1M | $142.8M | ||
| Q1 24 | $-27.0M | $59.8M |
自由现金流率CASYMUSA
| Q4 25 | 3.9% | 2.7% | ||
| Q3 25 | 5.7% | 1.3% | ||
| Q2 25 | 3.8% | 2.7% | ||
| Q1 25 | 2.3% | 0.9% | ||
| Q4 24 | 4.1% | 2.6% | ||
| Q3 24 | 4.4% | 1.2% | ||
| Q2 24 | 2.6% | 2.6% | ||
| Q1 24 | -0.8% | 1.2% |
资本支出强度CASYMUSA
| Q4 25 | 3.8% | 2.5% | ||
| Q3 25 | 2.4% | 2.3% | ||
| Q2 25 | 4.5% | 2.4% | ||
| Q1 25 | 2.9% | 1.9% | ||
| Q4 24 | 2.8% | 2.7% | ||
| Q3 24 | 2.5% | 2.6% | ||
| Q2 24 | 5.5% | 2.2% | ||
| Q1 24 | 4.5% | 1.6% |
现金转化率CASYMUSA
| Q4 25 | 1.68× | 1.73× | ||
| Q3 25 | 1.73× | 1.42× | ||
| Q2 25 | 3.40× | 1.75× | ||
| Q1 25 | 2.35× | 2.42× | ||
| Q4 24 | 1.50× | 1.75× | ||
| Q3 24 | 1.56× | 1.35× | ||
| Q2 24 | 3.31× | 1.80× | ||
| Q1 24 | 1.41× | 2.06× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CASY
暂无分部数据
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
