CASY vs MUSA vs ARKO Stock Comparison

Caseys General Stores, Murphy USA and Arko Prices as of Oct 23, 2026 Peers: Industry group

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CASY Caseys General Stores Inc

$699.26 +17.1% 1M +31.2% 1Y

Market cap: $25.91B
P/E: 33.5x
Revenue (TTM): $18.67B
Div. yield: –

7 wins

MUSA Murphy USA Inc.

$534.52 +5.6% 1M +41.2% 1Y

Market cap: $9.97B
P/E: 16.2x
Revenue (TTM): $21.48B
Div. yield: –

4 wins

ARKO ARKO Corp.

$3.81 -9.9% 1M -15.5% 1Y

Market cap: $435.84M
P/E: 48.2x
Revenue (TTM): $7.93B
Div. yield: 0.03%

Head to Head

11 decided of 12

Caseys General Stores leads on 7 of the 12 questions below (Caseys General Stores 7, Murphy USA 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

Question	CASY	MUSA	ARKO	Leader
Larger companyMarket capitalisation	$25.91B	$9.97B	$435.84M	CASY
Cheaper on earningsLower P/E, profitable companies only	33.5x	16.2x	48.2x	MUSA
Cheaper on forward earningsLower price / next fiscal year consensus EPS	33.8x	15.0x	34.6x	MUSA
Faster revenue growthRevenue growth, trailing twelve months	+13.8%	+10.3%	-2.1%	CASY
More profitableNet margin, trailing twelve months	4.1%	2.9%	0.1%	CASY
Better return on capitalReturn on invested capital	18.5%	24.3%	6.3%	MUSA
Less leveragedLower net debt / EBITDA	0.9x	1.7x	1.8x	CASY
Higher dividend yieldTrailing dividend yield	0.00%	0.00%	0.03%	–
Better 1-year returnPrice return, last 12 months	+31.2%	+41.2%	-15.5%	MUSA
Better 5-year returnAnnualised price return, 5 years	+29.5%/yr	+24.8%/yr	-17.2%/yr	CASY
Less volatileAnnualised volatility, 1 year	36.9%	39.7%	56.2%	CASY
Higher overall scoreMean of the five percentile scores vs peers	58/100	56/100	38/100	CASY

Percentile Scorecard

CASYMUSAARKO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

Axis	CASY	MUSA	ARKO
Valuation	21 #32 of 40	54 #19 of 40	97 #2 of 40
Growth	87 #6 of 38	65 #14 of 38	11 #34 of 38
Profitability	83 #7 of 37	78 #9 of 37	28 #27 of 37
Financial Health	69 #13 of 40	26 #30 of 40	33 #27 of 40
Shareholder Returns	30 #20 of 28	56 #13 of 28	19 #23 of 28
Overall	58	56	38

CASY ranked among 41 companies in Staples Retail
MUSA ranked among 41 companies in Staples Retail
ARKO ranked among 41 companies in Staples Retail

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

Period	CASY	MUSA	ARKO	SPY
1 month	+17.1%	+5.6%	-9.9%	-1.0%
3 months	-18.8%	-12.8%	-52.0%	+2.9%
6 months	-12.5%	+0.6%	-43.3%	+6.4%
Year to date	+26.5%	+32.5%	-16.1%	+11.4%
1 year	+31.2%	+41.2%	-15.5%	+13.1%
3 years	+162.9%	+51.3%	-49.2%	+79.4%
3 years, per year	+38.0%	+14.8%	-20.2%	+21.5%
5 years	+264.4%	+202.1%	-61.2%	+67.7%
5 years, per year	+29.5%	+24.8%	-17.2%	+10.9%
10 years	+509.9%	+679.1%	—	+255.2%
10 years, per year	+19.8%	+22.8%	—	+13.5%

Risk

Measure	CASY	MUSA	ARKO	SPY
Volatility, 1Y	36.9%	39.7%	56.2%	12.7%
Downside volatility, 1Y	35.1%	40.4%	63.9%	12.7%
Beta vs S&P 500, 1Y	-0.13	-0.64	0.61	1.00
Return / volatility, 1Y	0.85	1.04	-0.28	1.03
Max drawdown, 5Y	-36.2%	-35.8%	-65.4%	-25.4%
From 52-week high	-23.7%	-14.3%	-55.9%	-2.5%
52-week high	$916.28	$623.43	$8.64	$779.14
52-week low	$513.19	$356.57	$3.81	$631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

Multiple	CASY	MUSA	ARKO
P/E now vs peer median	33.4xmedian 21.6x	16.0xmedian 21.6x	47.3xmedian 21.6x
P/S now vs peer median	1.4xmedian 0.5x	0.5xmedian 0.5x	0.1xmedian 0.5x
EV/EBITDA now vs peer median	13.8xmedian 9.7x	9.8xmedian 9.7x	3.7xmedian 9.7x
P/FCF now vs peer median	39.8xmedian 17.8x	18.1xmedian 17.8x	11.6xmedian 17.8x
P/B now vs peer median	6.3xmedian 3.0x	12.6xmedian 3.0x	0.9xmedian 3.0x
PEG now vs peer median	1.76median 1.06	1.91median 1.06	-1.18median 1.06

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve months	CASY	MUSA	ARKO
Revenue	$18.67B	$21.48B	$7.93B
Gross profit	$4.45B	$2.62B	–
Operating income	$1.55B	$921.40M	$97.79M
Net income	$772.81M	$617.20M	$19.16M
Free cash flow	$648.93M	$541.50M	$36.75M
EPS (diluted)	$20.81	$33.27	$0.08
Cash & equivalents	$524.06M	$175.40M	$245.56M
Total debt	$9.79B	$2.19B	$3.20B
Shares (diluted)	37.14M	18.55M	115.88M
Enterprise value	$23.91B	$9.60B	-$721.90M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics

Metric	CASY	MUSA	ARKO
P/E	33.4x	16.0x	47.3x
P/FCF	39.8x	18.1x	11.6x
P/Operating cash flow	18.6x	10.0x	2.8x
P/S	1.4x	0.5x	0.1x
P/B	6.3x	12.6x	0.9x
P/Tangible book	6.3x	15.3x	1.3x
EV/EBITDA	13.8x	9.8x	3.7x
EV/EBIT	17.9x	12.8x	8.7x
EV/Revenue	1.5x	0.6x	0.1x
EV/FCF	42.8x	21.9x	23.1x
EV/Operating cash flow	20.0x	12.0x	5.5x
PEG (3Y EPS CAGR)	1.76	1.91	-1.18

Growth

14 metrics

Metric	CASY	MUSA	ARKO
Revenue growth (1Y)	13.8%	10.3%	-2.1%
Revenue CAGR (3Y)	8.8%	-1.1%	-4.8%
Gross profit growth (1Y)	13.8%	13.3%	–
Gross profit CAGR (3Y)	12.6%	4.1%	–
Operating income growth (1Y)	22.5%	26.6%	-3.1%
Operating income CAGR (3Y)	16.8%	2.9%	-12.9%
Net income growth (1Y)	32.9%	25.8%	29.4%
Net income CAGR (3Y)	18.6%	2.3%	-27.3%
EPS growth (1Y)	33.6%	34.1%	-0.6%
EPS CAGR (3Y)	19.0%	8.4%	-40.0%
Operating cash flow growth (1Y)	17.5%	18.1%	-32.8%
Operating cash flow CAGR (3Y)	18.5%	7.2%	-5.4%
Free cash flow growth (1Y)	-2.6%	48.5%	-60.2%
Free cash flow CAGR (3Y)	20.4%	3.1%	-22.7%

Profitability

14 metrics

Metric	CASY	MUSA	ARKO
Gross margin	23.8%	12.2%	–
EBITDA margin	10.8%	5.6%	2.9%
Operating margin	8.3%	4.3%	1.2%
Pretax margin	5.4%	3.8%	0.3%
Net margin	4.1%	2.9%	0.1%
FCF margin	3.5%	2.5%	0.5%
Operating cash flow margin	7.4%	4.6%	2.0%
Return on equity	19.2%	85.6%	4.1%
Return on assets	8.6%	12.4%	0.5%
Return on invested capital	18.5%	24.3%	6.3%
Return on capital employed	20.3%	23.7%	3.2%
Asset turnover	2.1x	4.3x	2.2x
Cash conversion (OCF / net income)	1.8x	1.6x	8.1x
Stock comp / revenue	0.3%	–	0.2%

Financial Health

11 metrics

Metric	CASY	MUSA	ARKO
Debt / assets	26.6%	43.0%	19.0%
Debt / equity	0.6x	2.8x	1.4x
Net debt / EBITDA	0.9x	1.7x	1.8x
Debt / FCF	3.7x	4.0x	18.4x
Liabilities / assets	55.1%	84.6%	86.8%
Equity / assets	44.9%	15.4%	13.2%
Interest coverage	16.9x	7.9x	1.1x
Current ratio	1.0x	0.9x	1.6x
Quick ratio	0.6x	0.5x	0.9x
Cash ratio	0.4x	0.2x	0.5x
Altman Z-score	6.33	7.41	2.53

Shareholder Returns

7 metrics

Metric	CASY	MUSA	ARKO
Dividend yield	0.3%	0.5%	3.1%
Net buyback yield	0.8%	4.5%	-45.5%
Shareholder yield	1.2%	4.9%	-42.4%
Payout ratio (earnings)	–	–	70.2%
Payout ratio (FCF)	–	–	36.6%
Dividend growth (1Y)	–	–	-3.0%
Dividend CAGR (3Y)	–	–	0.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

Consensus	CASY	MUSA	ARKO
Forward P/E	33.8xFY2026	15.0xFY2026	34.6xFY2026
EPS, next fiscal year	$20.68FY2026	$35.71FY2026	$0.11FY2026
EPS growth, next FY	+7.9%FY2026	+43.5%FY2026	-26.7%FY2026
EPS growth, the year after	+16.7%	-8.0%	+18.2%
Revenue, next fiscal year	$20.14BFY2026	$22.74BFY2026	$8.25BFY2026
Revenue growth, next FY	+14.7%FY2026	+17.3%FY2026	+8.0%FY2026
Revenue growth, the year after	-0.8%	-6.2%	-2.0%

CASY estimates →MUSA estimates →ARKO estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026

Holders	CASY	MUSA	ARKO
Held by institutions	88.9%	83.0%	64.6%
Institutions holding	1,081	606	152
Change in shares held, QoQ	+3.8%	-2.2%	+7.5%
Institutions buying	554	310	87
Institutions selling	385	190	48
Buyers to sellers	1.44	1.63	1.81

CASY holders →MUSA holders →ARKO holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

	CASY	MUSA	ARKO
CASY	1.00	0.43	0.21
MUSA	0.43	1.00	0.16
ARKO	0.21	0.16	1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, CASY, MUSA and ARKO?

Caseys General Stores (CASY) is the largest by market capitalisation: Caseys General Stores (CASY) $25.91B, Murphy USA (MUSA) $9.97B, Arko (ARKO) $435.84M.

Which stock is cheaper, CASY, MUSA and ARKO?

Murphy USA (MUSA) trades on the lowest price-to-earnings ratio (Caseys General Stores (CASY) 33.5x, Murphy USA (MUSA) 16.2x, Arko (ARKO) 48.2x). On next year's consensus earnings, Murphy USA (MUSA) is cheapest (Caseys General Stores (CASY) 33.8x, Murphy USA (MUSA) 15.0x, Arko (ARKO) 34.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Caseys General Stores (CASY) grew revenue fastest over the trailing twelve months: Caseys General Stores (CASY) +13.8%, Murphy USA (MUSA) +10.3%, Arko (ARKO) -2.1%.

Which company is more profitable?

Caseys General Stores (CASY) has the highest net margin (Caseys General Stores (CASY) 4.1%, Murphy USA (MUSA) 2.9%, Arko (ARKO) 0.1%). On return on invested capital, Murphy USA (MUSA) leads (Caseys General Stores (CASY) 18.5%, Murphy USA (MUSA) 24.3%, Arko (ARKO) 6.3%).

Which stock has performed better?

Over the past year Murphy USA (MUSA) returned the most: Caseys General Stores (CASY) +31.2%, Murphy USA (MUSA) +41.2%, Arko (ARKO) -15.5%. Over five years, Caseys General Stores (CASY) compounded fastest (Caseys General Stores (CASY) +29.5%/yr, Murphy USA (MUSA) +24.8%/yr, Arko (ARKO) -17.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Caseys General Stores (CASY) 0.00%, Murphy USA (MUSA) 0.00%, Arko (ARKO) 0.03%. Caseys General Stores (CASY) and Murphy USA (MUSA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Caseys General Stores (CASY) has been the steadiest (Caseys General Stores (CASY) 36.9%, Murphy USA (MUSA) 39.7%, Arko (ARKO) 56.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CASY, MUSA and ARKO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Caseys General Stores (CASY) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.