Caseys General Stores (CASY)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $22.3B, Caseys General Stores's free cash flow of $722M (fiscal 2026) would need to grow about 11% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Caseys General Stores's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from CASY's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Caseys General Stores's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $13.0B | $15.1B | $14.9B | $15.9B | $17.6B |
| Net income | $340M | $447M | $502M | $547M | $714M |
| Free cash flow | $462M | $405M | $371M | $585M | $722M |
| EPS (diluted) | $9.10 | $11.91 | $13.43 | $14.64 | $19.16 |
| Operating margin | — | — | — | — | — |
Where the revenue comes from
Revenue by products, fiscal 2020.
Superinvestors who own CASY
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Trimmed | $276M | 0.23% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $165M | 0.06% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $42M | 0.10% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Trimmed | $27M | 0.02% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Added | $953,748 | 0.00% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $501,512 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Caseys General Stores's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Apr 7, 2026 | Rick Larsen |
0 | $741.82 | — |
| Apr 7, 2026 | Rick Larsen |
0 | $741.82 | — |
| Mar 13, 2026 | Mike Spanos |
300 | $665.43 | $199,629 |
| Jan 5, 2026 | Moats Maria Castanon |
300 | $554.66 | $166,398 |
| Oct 30, 2025 | Lisa C. Mcclain |
0 | $518.54 | — |
| Oct 30, 2025 | Lisa C. Mcclain |
0 | $518.54 | — |
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In the full deep dive
Questions
What growth does Caseys General Stores's stock price imply?
At a market value of $22.3B, Caseys General Stores would need its free cash flow to grow about 11% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 45% a year.
Are Caseys General Stores insiders buying the stock?
6 open-market insider purchases of CASY in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Caseys General Stores?
6 of the superinvestors Investingly tracks hold CASY in their latest 13F, including Hersh Cohen, Cliff Asness, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.