CASEYS GENERAL STORES INC (CASY) — payout ratio, three ways
Fiscal year ending 2026-04-30 · sector Consumer discretionary · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 11.6% | The figure most screeners publish. |
| Operating cash flow | 6.0% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 11.5% | What is left after maintaining the business. |
Spread between highest and lowest: 6 percentage points. Same filings, different denominators.
Coverage rating 79 / 100 — Adequate. ? Peer standing 44/50Direction 18/30Stability 17/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2026-04-30 | 11.5% |
| 2025-04-30 | 12.4% |
| 2024-04-30 | 17.0% |
| 2023-04-30 | 13.7% |
| 2022-04-30 | 11.1% |
| 2021-04-30 | 13.2% |
Among the 45 consumer discretionary companies here, 89% pay out a larger share on this basis — this is comfortable for the sector.
The arithmetic
- GAAP earnings — dividends declared per share $2.23 ÷ diluted EPS $19.16
- Operating cash flow — dividends paid $83.1m ÷ operating cash flow $1,377.5m
- Free cash flow — dividends paid $83.1m ÷ (operating cash flow $1,377.5m − capex $655.9m)
Where the figures came from
- 10-K filed 2026-06-22 · accession
0000726958-26-000046
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
- DPS derived from dividends paid ($2.23); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.