CASEYS GENERAL STORES INC
CASY · Retail-Auto Dealers & Gasoline Stations · 37.0M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $64M (gross $105M, SBC $41M)
Reference price $665.43 · est. market cap ~$24.6B — last insider purchase, 2026-03-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Scaled, well-run convenience-store franchise with above-average returns, strong margins and double-digit EPS growth.
Strengths
- ROE 18.1% (71st), ROA 8.0% (81st), net margin 4.1% (83rd) — clearly above sector
- Net income +30.7%, strong OCF margin (91.7th) and $722M FCF; growing store base
Risks
- Tight current/quick ratios and fuel-margin/commodity-cost cyclicality
- Integration of Fikes/CEFCO and competitive c-store pricing
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~59% of revenue from one customer/distributor — Prepared food and dispensed beverage revenue less related cost of goods sold (excluding depreciation and amortization) increased to 58
- Strong balance sheetStrong balance sheet — $523M cash & investments
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$366,027, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
4.1%
Return on equity
18.1%
Return on assets
8.0%
Revenue growth (QoQ)
16.7%
Net-income growth
30.7%
Debt / equity
0.6×
Current ratio
1.0×
Free cash flow
$722M
Tangible book value
$2.7B
Cash & investments
$523M
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Brennan Thomas P JR | Option exercise | 318 | — |
| 2026-06-15 | REBELEZ DARREN M | Option exercise | 1.9K | — |
| 2026-06-15 | REBELEZ DARREN M | Option exercise | 1.7K | — |
| 2026-06-15 | REBELEZ DARREN M | Grant | 54K | — |
| 2026-06-15 | REBELEZ DARREN M | Tax withheld | 26K | $872.39 |
| 2026-06-15 | Bramlage Stephen P JR | Grant | 15K | — |
| 2026-06-15 | Bramlage Stephen P JR | Option exercise | 676 | — |
| 2026-06-15 | Bramlage Stephen P JR | Option exercise | 487 | — |
| 2026-06-15 | Bramlage Stephen P JR | Option exercise | 492 | — |
| 2026-06-15 | Bramlage Stephen P JR | Tax withheld | 7.3K | $872.39 |
| 2026-06-15 | Brennan Thomas P JR | Option exercise | 411 | — |
| 2026-06-15 | Brennan Thomas P JR | Option exercise | 297 | — |
| 2026-06-15 | REBELEZ DARREN M | Option exercise | 2.4K | — |
| 2026-06-15 | Brennan Thomas P JR | Grant | 9.2K | — |
| 2026-06-15 | Brennan Thomas P JR | Tax withheld | 4.4K | $872.39 |
| 2026-06-15 | FRAZELL CHAD MICHAEL | Option exercise | 344 | — |
| 2026-06-15 | FRAZELL CHAD MICHAEL | Option exercise | 245 | — |
| 2026-06-15 | FRAZELL CHAD MICHAEL | Option exercise | 298 | — |
| 2026-06-15 | FRAZELL CHAD MICHAEL | Grant | 7.7K | — |
| 2026-06-15 | FRAZELL CHAD MICHAEL | Tax withheld | 3.6K | $872.39 |
| 2026-06-15 | Koschel Williams Ena | Option exercise | 676 | — |
| 2026-06-15 | Koschel Williams Ena | Option exercise | 536 | — |
| 2026-06-15 | Koschel Williams Ena | Option exercise | 529 | — |
| 2026-06-15 | Koschel Williams Ena | Grant | 15K | — |
| 2026-06-15 | Koschel Williams Ena | Tax withheld | 7.2K | $872.39 |
| 2026-06-15 | Lindsey Katrina S | Option exercise | 316 | — |
| 2026-06-15 | Lindsey Katrina S | Option exercise | 245 | — |
| 2026-06-15 | Lindsey Katrina S | Option exercise | 271 | — |
| 2026-06-15 | Lindsey Katrina S | Grant | 7.1K | — |
| 2026-06-15 | Lindsey Katrina S | Tax withheld | 3.3K | $872.39 |
| 2026-03-17 | REBELEZ DARREN M | Gift | 7.3K | — |
| 2026-03-13 | Spanos Mike | Buy | 300 | $665.43 |
| 2026-03-11 | Lindsey Katrina S | Sell | 200 | $683.04 |
| 2026-01-05 | Castanon Moats Maria | Buy | 300 | $554.66 |
| 2025-12-30 | FRAZELL CHAD MICHAEL | Gift | 180 | — |
| 2025-12-18 | Bramlage Stephen P JR | Gift | 200 | — |
| 2025-12-17 | REBELEZ DARREN M | Gift | 8.8K | — |
| 2025-12-16 | Brennan Thomas P JR | Gift | 178 | — |
| 2025-12-12 | Frieson Donald | Gift | 458 | — |
| 2025-09-29 | FRAZELL CHAD MICHAEL | Sell | 3.5K | $555.40 |
| 2025-09-10 | Spanos Mike | Grant | 186 | $539.51 |
| 2025-09-03 | Frieson Donald | Option exercise | 442 | — |
| 2025-09-03 | LENHARDT DAVID K | Option exercise | 442 | — |
| 2025-09-03 | Spanos Mike | Option exercise | 442 | — |
| 2025-09-03 | Wing Allison M. | Option exercise | 442 | — |
| 2025-09-03 | RENDA LARREE M | Option exercise | 442 | — |
| 2025-09-03 | Donthi Sri | Option exercise | 442 | — |
| 2025-09-03 | Trojan Greg | Option exercise | 442 | — |
| 2025-09-03 | Castanon Moats Maria | Option exercise | 442 | — |
| 2025-09-03 | SCHMELING JUDY | Option exercise | 442 | — |
| 2025-09-03 | Heiden Cara Kay | Option exercise | 442 | — |
| 2025-07-02 | Bramlage Stephen P JR | Sell | 760 | $507.56 |
| 2025-06-30 | Spanos Mike | Buy | 200 | $503.18 |
| 2025-06-17 | FRAZELL CHAD MICHAEL | Sell | 5 | $505.43 |
| 2025-06-17 | Lindsey Katrina S | Sell | 2.0K | $506.07 |
| 2025-06-17 | Lindsey Katrina S | Gift | 397 | — |
| 2025-06-17 | REBELEZ DARREN M | Sell | 463 | $503.43 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 1.6K | $505.08 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 3.0K | $506.13 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 3.5K | $507.17 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 6.0K | $508.10 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 2.4K | $509.08 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 1.1K | $510.04 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 1.5K | $511.00 |
| 2025-06-17 | REBELEZ DARREN M | Sell | 483 | $511.80 |
| 2025-06-17 | Koschel Williams Ena | Sell | 1.5K | $506.32 |
| 2025-06-17 | Koschel Williams Ena | Sell | 3.0K | $507.55 |
| 2025-06-17 | Koschel Williams Ena | Sell | 2.2K | $508.06 |
| 2025-06-17 | Koschel Williams Ena | Sell | 589 | $509.90 |
| 2025-06-17 | Koschel Williams Ena | Sell | 376 | $511.17 |
| 2025-06-17 | Koschel Williams Ena | Sell | 309 | $511.96 |
| 2025-06-17 | FRAZELL CHAD MICHAEL | Sell | 3.1K | $503.53 |
| 2025-06-17 | FRAZELL CHAD MICHAEL | Sell | 1.7K | $504.78 |
| 2025-06-17 | Bramlage Stephen P JR | Sell | 7.8K | $509.12 |
| 2025-06-17 | Bramlage Stephen P JR | Sell | 643 | $510.25 |
| 2025-06-16 | Lindsey Katrina S | Tax withheld | 3.1K | $506.39 |
| 2025-06-16 | Brennan Thomas P JR | Tax withheld | 4.9K | $506.39 |
| 2025-06-16 | FRAZELL CHAD MICHAEL | Tax withheld | 3.3K | $506.39 |
| 2025-06-16 | Bramlage Stephen P JR | Tax withheld | 7.2K | $506.39 |
| 2025-06-16 | Koschel Williams Ena | Tax withheld | 7.8K | $506.39 |
| 2025-06-16 | REBELEZ DARREN M | Tax withheld | 27K | $506.39 |
| 2025-06-16 | Brennan Thomas P JR | Sell | 6.6K | $506.03 |
| 2025-06-15 | Brennan Thomas P JR | Option exercise | 297 | — |
| 2025-06-15 | Bramlage Stephen P JR | Grant | 15K | — |
| 2025-06-15 | FRAZELL CHAD MICHAEL | Option exercise | 320 | — |
| 2025-06-15 | FRAZELL CHAD MICHAEL | Option exercise | 344 | — |
| 2025-06-15 | FRAZELL CHAD MICHAEL | Option exercise | 245 | — |
| 2025-06-15 | Koschel Williams Ena | Grant | 17K | — |
| 2025-06-15 | Koschel Williams Ena | Option exercise | 737 | — |
| 2025-06-15 | Koschel Williams Ena | Option exercise | 676 | — |
| 2025-06-15 | Koschel Williams Ena | Option exercise | 535 | — |
| 2025-06-15 | Lindsey Katrina S | Grant | 6.4K | — |
| 2025-06-15 | Lindsey Katrina S | Option exercise | 286 | — |
| 2025-06-15 | Lindsey Katrina S | Option exercise | 315 | — |
| 2025-06-15 | Lindsey Katrina S | Option exercise | 245 | — |
| 2025-06-15 | REBELEZ DARREN M | Grant | 56K | — |
| 2025-06-15 | REBELEZ DARREN M | Option exercise | 2.5K | — |
| 2025-06-15 | REBELEZ DARREN M | Option exercise | 2.4K | — |
| 2025-06-15 | REBELEZ DARREN M | Option exercise | 1.9K | — |
| 2025-06-15 | FRAZELL CHAD MICHAEL | Grant | 7.2K | — |
| 2025-06-15 | Bramlage Stephen P JR | Option exercise | 663 | — |
| 2025-06-15 | Bramlage Stephen P JR | Option exercise | 676 | — |
| 2025-06-15 | Bramlage Stephen P JR | Option exercise | 487 | — |
| 2025-06-15 | Brennan Thomas P JR | Grant | 10K | — |
| 2025-06-15 | Brennan Thomas P JR | Option exercise | 450 | — |
| 2025-06-15 | Brennan Thomas P JR | Option exercise | 411 | — |
| 2025-06-12 | Brennan Thomas P JR | Gift | 200 | — |
| 2025-06-12 | Wing Allison M. | Sell | 1.0K | $502.16 |
| 2025-04-04 | Lindsey Katrina S | Sell | 198 | $436.81 |
| 2025-04-04 | Lindsey Katrina S | Sell | 52 | $437.75 |
| 2025-03-26 | RENDA LARREE M | Sell | 4.8K | $421.88 |
| 2025-03-13 | Spanos Mike | Buy | 256 | $390.54 |
| 2025-03-02 | Lindsey Katrina S | Option exercise | 102 | — |
| 2025-03-02 | Lindsey Katrina S | Tax withheld | 39 | $408.00 |
| 2025-01-03 | Bramlage Stephen P JR | Gift | 325 | — |
| 2025-01-03 | Lindsey Katrina S | Option exercise | 716 | — |
| 2025-01-03 | Lindsey Katrina S | Tax withheld | 283 | $397.93 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | Reg FDExhibits | filing ↗ |
| 2026-06-09 | ResultsExec/director change5.03OtherExhibits | filing ↗ |
| 2026-06-08 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-09 | ResultsExhibits | filing ↗ |
| 2025-12-09 | ResultsExhibits | filing ↗ |
| 2025-09-08 | ResultsShareholder voteExhibits | filing ↗ |
| 2025-06-09 | ResultsExec/director changeExhibits | filing ↗ |
| 2025-03-11 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-24 | 0001140361-26-026167 ↗ |
| 10-K | 2026-06-22 | 2026-04-30 | 0000726958-26-000046 ↗ |
| 8-K | 2026-06-09 | 2026-06-03 | 0000726958-26-000033 ↗ |
| 8-K | 2026-06-08 | 2026-06-04 | 0001140361-26-024465 ↗ |
| 10-Q | 2026-03-09 | 2026-01-31 | 0000726958-26-000010 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0000726958-26-000012 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0000726958-25-000116 ↗ |
| 10-Q | 2025-12-09 | 2025-10-31 | 0000726958-25-000114 ↗ |
| 10-Q | 2025-09-08 | 2025-07-31 | 0000726958-25-000101 ↗ |
| 8-K | 2025-09-08 | 2025-09-03 | 0000726958-25-000102 ↗ |
| 10-K | 2025-06-23 | 2025-04-30 | 0000726958-25-000065 ↗ |
| 8-K | 2025-06-09 | 2025-06-04 | 0000726958-25-000032 ↗ |