Casey's Valuation Multiples

Casey's Overview

About Casey's

Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey’s stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company’s gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey’s owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.

Founded

1967

HQ

Employees

49.3K

Website

caseys.com

Sectors

Specialty Stores

Financials (LTM)

Revenue: $17B

EBITDA: $1B

EV

$30B

Valuation Multiples

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Casey's Financials

Casey's reported last 12-month revenue of $17B and EBITDA of $1B.

In the same LTM period, Casey's generated $4B in gross profit, $1B in EBITDA, and $662M in net income.

Casey's P&L

In the most recent fiscal year, Casey's reported revenue of $16B and EBITDA of $1B.

Casey's expects next 12-month revenue of XXX and NTM EBITDA of XXX

Casey's Stock Performance

Casey's has current market cap of $28B, and enterprise value of $30B.

Casey's' stock price is $747.77.

Casey's Valuation Multiples

Casey's trades at 1.8x EV/Revenue multiple, and 21.1x EV/EBITDA.

Casey's Financial Valuation Multiples

As of April 9, 2026, Casey's has market cap of $28B and EV of $30B.

Equity research analysts estimate Casey's' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Casey's has a P/E ratio of 41.7x.

Casey's Margins & Growth Rates

Casey's' revenue in the last 12 month grew by 6%.

Casey's' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Casey's' rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Casey's' rule of X is 24% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Casey's Public Comps

See public comps and valuation multiples for other Specialty Stores comps.

Casey's M&A Activity

Casey's acquired XXX companies to date.

Last acquisition by Casey's was on XXXXXXXX, XXXXX. Casey's acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Casey's Investment Activity

Casey's invested in XXX companies to date.

Casey's made its latest investment on XXXXXXXX, XXXXX. Casey's invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).