CrossAmerica Partners (CAPL) Financials

$21.16 -0.34 (-1.60%)

Closing price 06/20/2025 03:58 PM Eastern

Extended Trading

$21.17 +0.01 (+0.07%)

As of 06/20/2025 04:04 PM Eastern

Annual Income Statements for CrossAmerica Partners

This table shows CrossAmerica Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-6.41	10	7.31	19	3.67	18	107	22	62	40	20
Consolidated Net Income / (Loss)	-6.17	11	11	23	5.25	18	107	22	64	43	22
Net Income / (Loss) Continuing Operations	-6.17	11	11	23	5.25	18	107	22	64	43	22
Total Pre-Tax Income	-7.53	7.92	10	4.94	2.51	17	100	18	64	45	19
Total Operating Income	8.64	15	16	32	35	43	112	36	96	88	71
Total Gross Profit	125	169	156	161	173	155	212	277	376	382	398
Total Revenue	2,665	2,226	1,870	2,095	2,446	2,149	1,932	3,579	4,967	4,386	4,098
Operating Revenue	2,665	2,226	1,870	2,095	2,446	2,149	1,932	3,579	4,967	4,386	4,098
Total Cost of Revenue	2,540	2,057	1,714	1,934	2,273	1,995	1,720	3,302	4,592	4,004	3,700
Operating Cost of Revenue	2,540	2,057	1,714	1,934	2,273	1,995	1,720	3,302	4,592	4,004	3,700
Total Operating Expenses	116	154	139	128	138	126	100	241	280	294	328
Selling, General & Admin Expense	85	108	85	89	80	69	112	165	200	222	257
Depreciation Expense	33	48	54	57	67	55	69	78	81	77	76
Other Special Charges / (Income)	-1.65	-2.72	-	-	-	-	-81	-2.04	-1.14	-4.74	-4.97
Total Other Income / (Expense), net	-16	-7.57	-5.86	-27	-32	-12	-13	-18	-32	-43	-52
Interest Expense	17	18	23	28	33	27	17	18	32	44	52
Other Income / (Expense), net	0.47	0.40	0.85	0.44	0.37	0.52	0.50	0.54	0.50	0.79	0.78
Income Tax Expense	-1.35	-3.54	-0.45	-18	-2.73	-1.23	-7.95	-3.23	0.71	2.53	-3.43
Preferred Stock Dividends Declared	-	-	-	-	-	-	0.00	0.00	1.73	2.49	2.56
Basic Earnings per Share	($0.32)	$0.35	$0.22	$0.56	$0.11	$0.51	$2.87	$0.57	$1.63	$1.06	$0.52
Weighted Average Basic Shares Outstanding	12.40M	21.46M	32.16M	33.84M	34.35M	34.45M	37.37M	37.88M	37.92M	37.96M	38.03M
Diluted Earnings per Share	($0.32)	$0.35	$0.22	$0.56	$0.11	$0.51	$2.87	$0.57	$1.63	$1.05	$0.52
Weighted Average Diluted Shares Outstanding	19.93M	21.56M	32.22M	33.84M	34.35M	34.48M	37.37M	37.88M	38.06M	38.12M	38.17M
Weighted Average Basic & Diluted Shares Outstanding	19.93M	7.53M	1.15M	33.84M	34.35M	34.45M	37.37M	37.88M	37.92M	37.98M	38.06M

This table shows CrossAmerica Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	27	17	-1.58	14	12	16	-18	12	10	16	-7.78
Consolidated Net Income / (Loss)	28	17	-0.98	15	12	17	-18	12	11	17	-7.12
Net Income / (Loss) Continuing Operations	28	17	-0.98	15	12	17	-18	12	11	17	-7.12
Total Pre-Tax Income	31	16	-2.64	17	14	17	-23	14	13	15	-11
Total Operating Income	40	26	9.11	28	24	27	-13	28	27	28	2.00
Total Gross Profit	115	93	82	98	100	102	81	105	111	101	90
Total Revenue	1,274	1,125	1,016	1,145	1,210	1,015	942	1,133	1,079	944	862
Operating Revenue	1,274	1,125	1,016	1,145	1,210	1,015	942	1,133	1,079	944	862
Total Cost of Revenue	1,160	1,032	934	1,048	1,110	913	860	1,029	968	843	773
Operating Cost of Revenue	1,160	1,032	934	1,048	1,110	913	860	1,029	968	843	773
Total Operating Expenses	75	68	73	70	76	75	94	77	84	73	88
Selling, General & Admin Expense	53	50	51	57	57	56	59	64	68	66	67
Depreciation Expense	21	19	20	19	19	19	19	18	21	18	26
Other Special Charges / (Income)	0.32	-1.76	1.77	-6.70	-0.29	0.48	17	-5.58	-4.68	-12	-5.04
Total Other Income / (Expense), net	-8.23	-9.62	-12	-11	-10	-10	-10	-14	-14	-13	-13
Interest Expense	8.35	9.77	12	11	11	10	11	14	14	13	13
Other Income / (Expense), net	0.12	0.15	0.26	0.16	0.17	0.19	0.25	0.16	0.20	0.18	0.13
Income Tax Expense	3.82	-1.13	-1.66	2.80	1.47	-0.08	-5.80	1.70	2.42	-1.76	-3.60
Preferred Stock Dividends Declared	0.58	0.59	0.60	0.62	0.63	0.64	0.66	0.67	0.58	0.65	0.67
Basic Earnings per Share	$0.71	$0.44	($0.04)	$0.37	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)
Weighted Average Basic Shares Outstanding	37.93M	37.92M	37.94M	37.95M	37.97M	37.96M	37.99M	38.03M	38.04M	38.03M	38.07M
Diluted Earnings per Share	$0.71	$0.44	($0.04)	$0.36	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)
Weighted Average Diluted Shares Outstanding	39.04M	38.06M	37.94M	38.15M	38.14M	38.12M	37.99M	38.20M	38.20M	38.17M	38.07M
Weighted Average Basic & Diluted Shares Outstanding	37.93M	37.92M	37.94M	37.97M	37.97M	37.98M	38.03M	38.05M	38.05M	38.06M	38.10M

This table details how cash moves in and out of CrossAmerica Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	11	-14	0.16	2.55	-0.71	-1.41	-1.27	7.14	8.41	-11	-1.61
Net Cash From Operating Activities	29	64	79	89	90	72	104	95	161	117	88
Net Cash From Continuing Operating Activities	29	64	79	89	90	72	104	95	161	117	88
Net Income / (Loss) Continuing Operations	-6.17	11	11	23	5.25	18	107	22	64	43	22
Consolidated Net Income / (Loss)	-6.17	11	11	23	5.25	18	107	22	64	43	22
Depreciation Expense	33	48	54	57	67	55	69	78	81	77	76
Amortization Expense	3.02	1.87	1.86	1.78	1.51	1.03	1.04	1.86	2.79	3.29	1.94
Non-Cash Adjustments To Reconcile Net Income	11	12	16	12	11	3.26	-88	-4.23	1.38	-1.67	-3.30
Changes in Operating Assets and Liabilities, net	-12	-8.88	-3.65	-5.30	5.76	-5.06	15	-1.67	13	-4.29	-9.29
Net Cash From Investing Activities	-156	-312	-97	-60	-6.78	-16	-20	-299	-46	-28	-16
Net Cash From Continuing Investing Activities	-156	-312	-97	-60	-6.78	-16	-20	-299	-46	-28	-16
Purchase of Property, Plant & Equipment	-14	-10	-21	-12	-14	-25	-37	-42	-30	-35	-26
Acquisitions	-164	-310	-97	-76	-0.49	0.00	-28	-273	-30	0.00	0.00
Sale of Property, Plant & Equipment	3.50	6.41	2.68	28	6.64	4.86	45	15	13	6.23	35
Sale and/or Maturity of Investments	2.18	1.96	18	0.45	0.78	1.10	0.97	0.79	0.20	0.21	0.15
Other Investing Activities, net	5.70	-	-	-	-	3.15	-	-	0.00	0.00	-26
Net Cash From Financing Activities	139	233	18	-26	-84	-58	-86	210	-107	-100	-73
Net Cash From Continuing Financing Activities	139	233	18	-26	-84	-58	-86	210	-107	-99	-73
Repayment of Debt	-308	-214	-135	-144	-141	-97	-112	-85	-164	-257	-102
Payment of Dividends	-41	-66	-84	-88	-77	-73	-78	-80	-80	-80	-81
Issuance of Debt	353	372	215	205	128	114	106	377	115	241	113
Issuance of Preferred Equity	-	-	-	-	-	-	0.00	0.00	24	0.00	0.00
Other Financing Activities, net	-0.53	-	25	0.33	6.31	-2.30	-2.46	-2.60	-2.72	-2.89	-3.08

This table details how cash moves in and out of CrossAmerica Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	8.22	4.27	-8.54	-3.03	1.30	-0.80	1.29	-0.79	2.28	-4.38	3.37
Net Cash From Operating Activities	72	35	12	36	32	38	5.82	29	42	11	15
Net Cash From Continuing Operating Activities	72	35	12	36	32	38	5.82	29	42	11	15
Net Income / (Loss) Continuing Operations	28	17	-0.98	15	12	17	-18	12	11	17	-7.12
Consolidated Net Income / (Loss)	28	17	-0.98	15	12	17	-18	12	11	17	-7.12
Depreciation Expense	21	19	20	19	19	19	19	18	21	18	26
Amortization Expense	0.68	0.74	1.85	0.48	0.48	0.48	0.48	0.49	0.48	0.49	0.49
Non-Cash Adjustments To Reconcile Net Income	3.86	-0.98	2.37	-6.14	0.67	1.43	17	-5.13	-4.12	-11	-4.22
Changes in Operating Assets and Liabilities, net	18	-1.09	-12	7.55	-0.82	0.49	-13	2.68	14	-13	-0.40
Net Cash From Investing Activities	-9.74	-22	-5.38	-1.31	-9.85	-12	-26	-0.15	-0.45	10	-1.34
Net Cash From Continuing Investing Activities	-9.74	-22	-5.38	-1.31	-9.85	-12	-26	-0.15	-0.45	10	-1.34
Purchase of Property, Plant & Equipment	-10	-3.57	-6.00	-5.33	-10	-13	-6.11	-5.31	-7.72	-7.19	-10
Sale of Property, Plant & Equipment	0.61	8.95	0.57	3.97	0.45	1.25	0.00	11	7.24	17	8.75
Sale and/or Maturity of Investments	0.04	0.10	0.05	0.05	0.06	0.05	0.05	0.04	0.04	0.04	0.03
Other Investing Activities, net	-	-	0.00	-	-	-	-20	-5.61	-	-	0.00
Net Cash From Financing Activities	-54	-8.36	-15	-37	-21	-27	21	-30	-39	-26	-10
Net Cash From Continuing Financing Activities	-54	-8.36	-15	-37	-21	-26	21	-30	-39	-26	-10
Repayment of Debt	-40	-37	-181	-35	-15	-26	-6.81	-30	-38	-27	-19
Payment of Dividends	-20	-20	-20	-20	-21	-19	-20	-20	-21	-20	-20
Issuance of Debt	7.00	50	187	19	16	19	49	21	21	22	29
Other Financing Activities, net	-0.69	-0.69	-0.70	-0.72	-0.73	-0.74	-0.74	-0.77	-0.78	-0.79	-0.79

This table presents CrossAmerica Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	597	861	932	947	867	911	1,014	1,270	1,257	1,182	1,115
Total Current Assets	75	58	65	81	51	69	75	106	118	109	119
Cash & Equivalents	15	1.19	1.35	3.90	3.19	1.78	0.51	7.65	16	4.99	3.38
Accounts Receivable	38	33	42	42	26	42	29	34	32	32	32
Inventories, net	12	16	13	15	14	6.23	23	46	47	52	63
Other Current Assets	7.17	4.94	6.56	7.53	5.51	5.80	12	13	22	19	11
Other Current Nonoperating Assets	2.58	3.29	2.11	12	2.22	13	9.90	4.91	0.98	0.40	8.99
Plant, Property, & Equipment, net	391	629	677	681	647	566	571	755	728	705	656
Total Noncurrent Assets	130	175	189	186	169	276	369	405	408	368	340
Goodwill	40	81	89	89	89	89	89	100	99	99	99
Intangible Assets	78	82	81	76	59	45	93	114	114	95	77
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	0.76	1.00
Other Noncurrent Operating Assets	12	12	19	21	21	142	187	191	194	173	162
Total Liabilities & Shareholders' Equity	597	861	932	947	867	911	1,014	1,270	1,257	1,182	1,115
Total Liabilities	406	593	711	776	756	833	905	1,214	1,178	1,151	1,140
Total Current Liabilities	94	75	75	93	88	113	147	164	175	161	163
Short-Term Debt	29	7.61	2.10	2.92	2.30	2.47	2.63	11	11	3.08	3.27
Accounts Payable	34	41	45	61	58	58	69	75	85	79	82
Accrued Expenses	21	17	16	17	18	16	23	21	23	24	24
Other Taxes Payable	-	-	12	12	11	12	20	23	21	20	19
Other Current Liabilities	-	-	-	-	0.00	23	32	35	35	35	35
Total Noncurrent Liabilities	312	518	636	683	668	799	758	1,050	1,003	986	976
Long-Term Debt	254	404	465	529	-	-	-	811	762	754	764
Asset Retirement Reserve & Litigation Obligation	-	23	28	31	33	36	41	45	46	48	48
Noncurrent Deferred & Payable Income Tax Liabilities	23	44	43	24	20	19	15	12	13	13	7.42
Other Noncurrent Operating Liabilities	35	47	100	98	96	209	174	181	182	172	157
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	0.00	26	28	29
Total Equity & Noncontrolling Interests	190	269	221	171	111	0.00	110	57	53	3.01	-54
Total Preferred & Common Equity	191	269	221	171	111	0.00	110	57	53	3.01	-54
Total Common Equity	191	269	221	171	111	0.00	110	57	53	3.01	-54
Common Stock	191	269	221	171	111	-	112	54	37	-2.39	-61
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	0.00	-2.46	3.03	16	5.40	7.60

This table presents CrossAmerica Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,275	1,247	1,224	1,218	1,217	1,179	1,165	1,130	1,087
Total Current Assets	135	123	111	116	123	123	126	126	151
Cash & Equivalents	3.57	12	7.52	4.49	5.79	6.28	5.49	7.77	6.75
Accounts Receivable	50	34	29	35	39	36	39	33	29
Inventories, net	57	47	48	52	54	58	64	61	61
Other Current Assets	21	22	25	23	24	18	15	13	13
Other Current Nonoperating Assets	4.65	7.10	2.01	1.00	1.14	4.64	2.49	12	42
Plant, Property, & Equipment, net	746	738	717	709	706	693	685	665	606
Total Noncurrent Assets	394	386	394	392	388	363	354	339	329
Goodwill	99	99	99	99	99	99	99	99	99
Intangible Assets	100	95	108	103	99	90	86	82	73
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	1.43	0.82	0.08	1.76
Other Noncurrent Operating Assets	195	191	187	189	190	172	168	158	154
Total Liabilities & Shareholders' Equity	1,275	1,247	1,224	1,218	1,217	1,179	1,165	1,130	1,087
Total Liabilities	1,204	1,164	1,168	1,162	1,168	1,181	1,173	1,161	1,143
Total Current Liabilities	179	176	157	170	177	160	165	173	164
Short-Term Debt	41	8.38	2.94	38	38	3.13	3.18	38	38
Accounts Payable	95	89	75	86	90	78	83	89	81
Accrued Expenses	21	23	24	25	28	25	24	26	26
Other Taxes Payable	21	21	20	21	21	19	20	19	18
Other Current Liabilities	-	35	35	-	-	35	35	0.22	0.15
Total Noncurrent Liabilities	1,026	988	1,011	992	991	1,020	1,007	988	979
Long-Term Debt	788	752	777	760	761	796	787	769	774
Capital Lease Obligations	135	-	-	127	123	-	-	108	102
Asset Retirement Reserve & Litigation Obligation	46	46	47	47	48	48	49	49	48
Noncurrent Deferred & Payable Income Tax Liabilities	9.51	12	8.53	11	12	7.65	7.88	7.47	4.88
Other Noncurrent Operating Liabilities	47	177	178	46	47	169	164	55	50
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	25	26	27	27	27	28	29	28	30
Total Equity & Noncontrolling Interests	46	57	29	28	22	-30	-37	-59	-86
Total Preferred & Common Equity	46	57	29	28	22	-30	-37	-59	-86
Total Common Equity	46	57	29	28	22	-30	-37	-59	-86
Common Stock	32	40	15	9.22	1.23	-40	-48	-57	-89
Accumulated Other Comprehensive Income / (Loss)	14	17	14	19	21	9.40	11	-1.63	2.75

This table displays calculated financial ratios and metrics derived from CrossAmerica Partners' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.64%	-16.46%	-16.01%	12.03%	16.76%	-12.14%	-10.08%	85.23%	38.78%	-11.70%	-6.57%
EBITDA Growth	-16.32%	45.31%	11.01%	25.75%	12.31%	-3.42%	82.85%	-36.29%	54.59%	-5.90%	-11.84%
EBIT Growth	-70.18%	74.45%	6.84%	93.61%	7.69%	23.91%	157.48%	-67.52%	163.16%	-7.93%	-19.72%
NOPAT Growth	-81.86%	270.64%	-24.90%	803.64%	-51.95%	-36.40%	161.09%	-65.02%	123.65%	-12.43%	0.19%
Net Income Growth	-134.15%	285.74%	-6.52%	116.29%	-77.36%	244.57%	494.47%	-79.85%	194.15%	-33.13%	-47.28%
EPS Growth	-127.12%	209.38%	-37.14%	154.55%	-80.36%	363.64%	462.75%	-80.14%	185.96%	-35.58%	-50.48%
Operating Cash Flow Growth	-3.68%	126.02%	23.19%	11.98%	0.89%	-19.41%	44.46%	-8.63%	68.97%	-27.42%	-25.03%
Free Cash Flow Firm Growth	0.00%	-56.15%	104.04%	1,773.70%	-10.55%	13.33%	-90.41%	-1,417.49%	165.70%	3.10%	7.28%
Invested Capital Growth	40.82%	48.11%	1.31%	0.42%	-8.78%	-16.71%	20.46%	37.11%	-3.54%	-5.56%	-7.06%
Revenue Q/Q Growth	4.13%	-5.25%	1.83%	2.50%	-0.22%	-1.62%	2.08%	17.24%	0.96%	-2.45%	-1.69%
EBITDA Q/Q Growth	-13.71%	18.68%	2.79%	28.20%	3.72%	-14.37%	-1.65%	15.88%	4.29%	0.60%	0.33%
EBIT Q/Q Growth	-58.64%	203.44%	-1.78%	145.08%	11.04%	-27.94%	-3.86%	44.46%	10.74%	1.63%	1.93%
NOPAT Q/Q Growth	-87.31%	574.45%	0.20%	280.15%	-99.62%	-27.71%	-0.63%	18.30%	10.07%	-0.79%	10.92%
Net Income Q/Q Growth	-154.12%	278.73%	-15.04%	431.68%	-71.95%	-15.93%	4.58%	16.21%	8.72%	-0.81%	0.53%
EPS Q/Q Growth	-151.61%	163.64%	-40.54%	5,500.00%	-77.08%	-16.39%	1.41%	90.00%	0.00%	-1.87%	0.00%
Operating Cash Flow Q/Q Growth	164.27%	-6.54%	0.20%	8.25%	12.48%	-29.08%	16.97%	1.29%	10.75%	2.84%	-23.51%
Free Cash Flow Firm Q/Q Growth	-84.87%	29.44%	233.17%	-4.26%	-99.30%	1,385.88%	-93.55%	0.91%	7.39%	328.87%	-20.52%
Invested Capital Q/Q Growth	5.29%	-5.62%	-7.33%	10.37%	-3.95%	-28.35%	0.46%	0.90%	0.94%	-18.54%	-15.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	4.69%	7.61%	8.32%	7.67%	7.06%	7.20%	10.98%	7.74%	7.56%	8.72%	9.72%
EBITDA Margin	1.70%	2.96%	3.92%	4.40%	4.23%	4.65%	9.45%	3.25%	3.62%	3.86%	3.64%
Operating Margin	0.32%	0.70%	0.86%	1.55%	1.43%	2.02%	5.82%	1.01%	1.93%	2.01%	1.72%
EBIT Margin	0.34%	0.71%	0.91%	1.57%	1.45%	2.04%	5.84%	1.02%	1.94%	2.03%	1.74%
Profit (Net Income) Margin	-0.23%	0.51%	0.57%	1.11%	0.21%	0.84%	5.56%	0.61%	1.28%	0.97%	0.55%
Tax Burden Percent	82.01%	144.72%	104.41%	469.24%	208.75%	107.30%	107.99%	117.50%	98.89%	94.40%	118.05%
Interest Burden Percent	-82.64%	49.86%	60.47%	15.03%	7.10%	38.42%	88.14%	50.25%	66.74%	50.77%	26.66%
Effective Tax Rate	0.00%	-44.72%	-4.41%	-369.24%	-108.75%	-7.30%	-7.99%	-17.50%	1.11%	5.60%	-18.05%
Return on Invested Capital (ROIC)	1.55%	3.96%	2.48%	22.17%	11.12%	8.09%	21.08%	5.69%	11.20%	10.28%	10.99%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.39%	0.70%	1.07%	-4.14%	-2.02%	2.62%	18.41%	2.55%	7.20%	4.90%	2.93%
Return on Net Nonoperating Assets (RNNOA)	-5.88%	1.03%	1.90%	-10.35%	-7.40%	24.50%	174.89%	20.36%	82.68%	67.24%	741.46%
Return on Equity (ROE)	-4.33%	4.99%	4.38%	11.83%	3.72%	32.59%	195.97%	26.05%	93.88%	77.52%	752.45%
Cash Return on Invested Capital (CROIC)	-32.35%	-34.82%	1.17%	21.75%	20.31%	26.32%	2.52%	-25.61%	14.81%	15.99%	18.31%
Operating Return on Assets (OROA)	1.84%	2.18%	1.89%	3.50%	3.90%	4.93%	11.73%	3.21%	7.64%	7.29%	6.21%
Return on Assets (ROA)	-1.25%	1.57%	1.19%	2.47%	0.58%	2.03%	11.16%	1.90%	5.04%	3.49%	1.96%
Return on Common Equity (ROCE)	-4.33%	4.99%	4.38%	11.85%	3.73%	32.59%	195.97%	26.05%	75.79%	39.50%	-6,400.96%
Return on Equity Simple (ROE_SIMPLE)	-3.24%	4.26%	4.85%	13.53%	4.73%	0.00%	97.98%	38.29%	120.23%	1,416.43%	-41.75%
Net Operating Profit after Tax (NOPAT)	6.05	22	17	152	73	46	121	42	95	83	83
NOPAT Margin	0.23%	1.01%	0.90%	7.26%	2.99%	2.16%	6.28%	1.19%	1.91%	1.90%	2.03%
Net Nonoperating Expense Percent (NNEP)	4.94%	3.26%	1.41%	26.31%	13.14%	5.47%	2.67%	3.14%	4.01%	5.38%	8.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	11.50%	10.94%	11.68%
Cost of Revenue to Revenue	95.31%	92.39%	91.68%	92.33%	92.94%	92.83%	89.02%	92.26%	92.44%	91.28%	90.28%
SG&A Expenses to Revenue	3.18%	4.87%	4.56%	4.26%	3.27%	3.23%	5.79%	4.61%	4.03%	5.06%	6.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.36%	6.92%	7.46%	6.13%	5.63%	5.87%	5.16%	6.73%	5.63%	6.71%	8.00%
Earnings before Interest and Taxes (EBIT)	9.11	16	17	33	35	44	113	37	97	89	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	66	73	92	103	100	183	116	180	169	149
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.59	0.85	1.67	2.35	2.46	0.00	4.24	10.25	11.47	256.53	0.00
Price to Tangible Book Value (P/TBV)	4.19	2.17	7.21	65.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.11	0.10	0.20	0.19	0.11	0.18	0.24	0.16	0.12	0.18	0.20
Price to Earnings (P/E)	0.00	22.80	50.49	21.37	74.38	22.44	4.33	26.77	9.81	19.23	41.27
Dividend Yield	13.66%	20.98%	25.98%	20.87%	27.70%	18.39%	16.87%	13.73%	13.15%	10.38%	9.77%
Earnings Yield	0.00%	4.39%	1.98%	4.68%	1.34%	4.46%	23.07%	3.74%	10.20%	5.20%	2.42%
Enterprise Value to Invested Capital (EV/IC)	1.25	0.95	1.22	1.35	1.26	1.78	1.58	1.62	1.67	1.97	2.21
Enterprise Value to Revenue (EV/Rev)	0.21	0.29	0.45	0.44	0.32	0.43	0.51	0.39	0.28	0.35	0.39
Enterprise Value to EBITDA (EV/EBITDA)	12.59	9.69	11.40	10.10	7.65	9.30	5.44	11.97	7.73	9.16	10.81
Enterprise Value to EBIT (EV/EBIT)	62.79	40.24	49.19	28.30	22.37	21.19	8.81	38.00	14.41	17.46	22.62
Enterprise Value to NOPAT (EV/NOPAT)	94.54	28.51	49.59	6.11	10.83	19.99	8.19	32.83	14.65	18.66	19.37
Enterprise Value to Operating Cash Flow (EV/OCF)	20.04	9.91	10.51	10.45	8.82	12.85	9.52	14.60	8.62	13.25	18.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	104.83	6.23	5.93	6.14	68.60	0.00	11.08	11.99	11.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.49	1.53	2.12	3.11	4.70	0.00	4.83	14.53	9.77	24.62	-30.96
Long-Term Debt to Equity	1.34	1.50	2.11	3.09	4.68	0.00	4.81	14.33	9.62	24.52	-30.82
Financial Leverage	1.74	1.46	1.78	2.50	3.66	9.36	9.50	7.97	11.49	13.72	253.06
Leverage Ratio	3.47	3.18	3.66	4.80	6.43	16.03	17.56	13.74	18.63	22.20	384.79
Compound Leverage Factor	-2.86	1.58	2.21	0.72	0.46	6.16	15.48	6.91	12.43	11.27	102.59
Debt to Total Capital	59.81%	60.47%	67.91%	75.68%	82.46%	100.00%	82.85%	93.56%	90.71%	96.10%	103.34%
Short-Term Debt to Total Capital	6.14%	1.12%	0.31%	0.41%	0.36%	0.46%	0.41%	1.25%	1.31%	0.39%	0.44%
Long-Term Debt to Total Capital	53.67%	59.35%	67.60%	75.26%	82.10%	99.54%	82.44%	92.31%	89.40%	95.70%	102.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.01%	-0.02%	-0.03%	-0.05%	0.00%	0.00%	0.00%	0.00%	3.07%	3.52%	3.91%
Common Equity to Total Capital	40.20%	39.55%	32.13%	24.37%	17.54%	0.00%	17.15%	6.44%	6.22%	0.38%	-7.24%
Debt to EBITDA	6.24	6.23	6.38	5.78	5.04	5.38	2.90	7.06	4.30	4.47	5.14
Net Debt to EBITDA	5.91	6.22	6.36	5.73	5.01	5.36	2.90	6.99	4.21	4.44	5.12
Long-Term Debt to EBITDA	5.60	6.12	6.35	5.75	5.02	5.35	2.89	6.97	4.23	4.45	5.12
Debt to NOPAT	46.87	18.35	27.75	3.50	7.14	11.56	4.37	19.35	8.14	9.10	9.21
Net Debt to NOPAT	44.36	18.30	27.67	3.47	7.09	11.52	4.36	19.17	7.97	9.04	9.17
Long-Term Debt to NOPAT	42.06	18.01	27.63	3.48	7.10	11.51	4.34	19.10	8.02	9.07	9.17
Altman Z-Score	4.92	2.85	2.37	2.62	3.12	2.74	2.50	3.15	4.46	4.31	4.27
Noncontrolling Interest Sharing Ratio	-0.01%	-0.04%	-0.08%	-0.14%	-0.11%	0.00%	0.00%	0.00%	19.28%	49.05%	950.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.80	0.78	0.87	0.86	0.58	0.62	0.51	0.65	0.68	0.67	0.73
Quick Ratio	0.57	0.46	0.58	0.49	0.33	0.39	0.20	0.26	0.27	0.23	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-126	-197	7.96	149	133	151	14	-191	125	129	139
Operating Cash Flow to CapEx	272.55%	1,708.72%	439.04%	0.00%	1,268.58%	366.12%	0.00%	360.26%	948.53%	412.35%	0.00%
Free Cash Flow to Firm to Interest Expense	-7.59	-10.66	0.35	5.34	4.06	5.60	0.87	-10.47	3.91	2.96	2.65
Operating Cash Flow to Interest Expense	1.72	3.49	3.49	3.19	2.73	2.68	6.30	5.23	5.03	2.68	1.68
Operating Cash Flow Less CapEx to Interest Expense	1.09	3.28	2.70	3.73	2.52	1.95	6.76	3.78	4.50	2.03	1.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	5.39	3.05	2.09	2.23	2.70	2.42	2.01	3.13	3.93	3.60	3.57
Accounts Receivable Turnover	85.64	62.46	49.74	49.60	71.82	63.01	53.83	111.97	150.42	138.83	128.35
Inventory Turnover	357.49	147.93	118.62	136.75	155.67	196.41	116.69	95.23	98.32	80.36	64.06
Fixed Asset Turnover	7.84	4.37	2.86	3.08	3.68	3.54	3.40	5.40	6.70	6.12	6.02
Accounts Payable Turnover	93.83	55.21	39.96	36.44	38.21	34.54	27.05	45.80	57.50	48.83	46.00
Days Sales Outstanding (DSO)	4.26	5.84	7.34	7.36	5.08	5.79	6.78	3.26	2.43	2.63	2.84
Days Inventory Outstanding (DIO)	1.02	2.47	3.08	2.67	2.34	1.86	3.13	3.83	3.71	4.54	5.70
Days Payable Outstanding (DPO)	3.89	6.61	9.13	10.02	9.55	10.57	13.49	7.97	6.35	7.48	7.94
Cash Conversion Cycle (CCC)	1.39	1.70	1.28	0.01	-2.13	-2.92	-3.58	-0.88	-0.21	-0.30	0.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	456	676	685	687	627	522	629	863	832	786	730
Invested Capital Turnover	6.83	3.93	2.75	3.05	3.72	3.74	3.36	4.80	5.86	5.42	5.41
Increase / (Decrease) in Invested Capital	132	219	8.87	2.91	-60	-105	107	233	-31	-46	-56
Enterprise Value (EV)	572	639	835	930	792	929	995	1,394	1,391	1,551	1,614
Market Capitalization	303	229	369	402	273	394	465	580	608	771	821
Book Value per Share	$8.30	$8.09	$6.60	$5.04	$3.22	$0.00	$2.90	$1.49	$1.40	$0.08	($1.41)
Tangible Book Value per Share	$3.15	$3.18	$1.53	$0.18	($1.07)	($3.88)	($1.90)	($4.17)	($4.23)	($5.05)	($6.06)
Total Capital	474	680	688	703	633	537	640	878	852	788	742
Total Debt	283	411	467	532	522	537	530	822	773	757	767
Total Long-Term Debt	254	404	465	529	519	535	527	811	762	754	764
Net Debt	268	410	466	528	518	536	529	814	757	752	764
Capital Expenditures (CapEx)	10	3.77	18	-15	7.08	20	-7.72	27	17	28	-9.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.74	-10	-8.98	-14	-38	-43	-70	-54	-62	-54	-44
Debt-free Net Working Capital (DFNWC)	10	-9.17	-7.63	-10	-35	-41	-69	-47	-46	-49	-41
Net Working Capital (NWC)	-19	-17	-9.73	-13	-38	-43	-72	-58	-57	-53	-44
Net Nonoperating Expense (NNE)	12	11	6.12	129	68	28	14	21	31	41	61
Net Nonoperating Obligations (NNO)	266	407	464	516	516	522	520	806	753	755	755
Total Depreciation and Amortization (D&A)	36	50	56	59	68	56	70	80	83	80	78
Debt-free, Cash-free Net Working Capital to Revenue	-0.18%	-0.47%	-0.48%	-0.67%	-1.57%	-1.98%	-3.62%	-1.52%	-1.24%	-1.24%	-1.08%
Debt-free Net Working Capital to Revenue	0.39%	-0.41%	-0.41%	-0.48%	-1.44%	-1.90%	-3.60%	-1.30%	-0.92%	-1.13%	-0.99%
Net Working Capital to Revenue	-0.70%	-0.75%	-0.52%	-0.62%	-1.54%	-2.01%	-3.73%	-1.61%	-1.15%	-1.20%	-1.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.32)	$0.35	$0.22	$0.56	$0.11	$0.00	$2.87	$0.57	$1.63	$1.06	$0.52
Adjusted Weighted Average Basic Shares Outstanding	12.40M	21.46M	32.16M	33.84M	34.35M	0.00	37.37M	37.88M	37.92M	37.96M	38.03M
Adjusted Diluted Earnings per Share	($0.32)	$0.35	$0.22	$0.56	$0.11	$0.00	$2.87	$0.57	$1.63	$1.05	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	12.40M	33.11M	33.52M	33.86M	34.35M	0.00	37.87M	37.88M	38.06M	38.12M	38.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.35	$0.00	$0.00	$0.11	$0.00	$2.87	$0.57	$1.63	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.40M	33.11M	33.37M	33.84M	34.35M	0.00	37.87M	37.88M	37.92M	37.98M	38.06M
Normalized Net Operating Profit after Tax (NOPAT)	4.89	8.94	11	23	25	30	22	24	94	79	46
Normalized NOPAT Margin	0.18%	0.40%	0.60%	1.08%	1.00%	1.41%	1.14%	0.67%	1.89%	1.79%	1.12%
Pre Tax Income Margin	-0.28%	0.36%	0.55%	0.24%	0.10%	0.78%	5.15%	0.51%	1.30%	1.03%	0.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.55	0.86	0.75	1.18	1.08	1.62	6.81	2.01	3.01	2.03	1.36
NOPAT to Interest Expense	0.36	1.21	0.74	5.45	2.22	1.72	7.32	2.33	2.96	1.90	1.59
EBIT Less CapEx to Interest Expense	-0.08	0.65	-0.05	1.72	0.86	0.89	7.27	0.56	2.48	1.38	1.54
NOPAT Less CapEx to Interest Expense	-0.27	1.01	-0.06	5.99	2.01	0.99	7.78	0.87	2.43	1.25	1.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-671.90%	576.64%	779.82%	380.68%	1,471.56%	403.63%	72.52%	367.38%	125.33%	187.72%	362.65%
Augmented Payout Ratio	-671.90%	608.07%	810.17%	380.68%	1,471.56%	403.63%	72.52%	367.38%	125.33%	187.72%	362.65%

This table displays calculated financial ratios and metrics derived from CrossAmerica Partners' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.37%	4.39%	-7.05%	-22.35%	-5.05%	-9.79%	-7.34%	-1.05%	-10.81%	-6.94%	-8.40%
EBITDA Growth	90.10%	19.38%	0.76%	14.38%	-28.94%	2.23%	-79.36%	-1.10%	10.52%	1.06%	351.31%
EBIT Growth	212.69%	57.18%	-4.85%	32.31%	-38.83%	5.54%	-236.55%	1.14%	12.23%	4.99%	116.65%
NOPAT Growth	143.36%	46.63%	-58.55%	9.95%	-38.06%	-1.08%	-243.19%	6.09%	2.50%	16.74%	115.34%
Net Income Growth	211.71%	42.65%	-119.40%	4.08%	-55.45%	-2.03%	-1,691.62%	-14.53%	-12.89%	0.70%	59.44%
EPS Growth	208.70%	0.00%	-130.77%	2.86%	-56.34%	-4.55%	-1,100.00%	-13.89%	-12.90%	0.00%	58.33%
Operating Cash Flow Growth	103.67%	81.54%	-59.36%	35.99%	-55.81%	9.29%	-49.59%	-19.08%	32.22%	-70.84%	158.72%
Free Cash Flow Firm Growth	130.52%	126.97%	153.65%	119.21%	-281.53%	26.57%	-86.64%	201.41%	202.43%	18.81%	-173.19%
Invested Capital Growth	-3.58%	-3.54%	-20.10%	-5.03%	17.02%	-5.56%	-4.57%	-20.64%	-10.32%	-7.06%	2.84%
Revenue Q/Q Growth	-13.60%	-11.74%	-9.66%	12.72%	5.64%	-16.14%	-7.21%	20.37%	-4.78%	-12.50%	-8.66%
EBITDA Q/Q Growth	47.84%	-26.24%	-31.88%	53.97%	-8.15%	6.11%	-86.24%	637.61%	2.64%	-2.97%	-38.56%
EBIT Q/Q Growth	87.77%	-35.29%	-63.58%	198.96%	-13.20%	11.66%	-147.12%	321.44%	-3.68%	4.45%	-92.52%
NOPAT Q/Q Growth	63.93%	-21.36%	-76.71%	266.29%	-7.66%	25.59%	-133.71%	371.37%	-10.78%	43.04%	-95.57%
Net Income Q/Q Growth	97.57%	-38.06%	-105.73%	1,584.78%	-15.44%	36.21%	-204.76%	170.83%	-13.81%	57.46%	-142.20%
EPS Q/Q Growth	102.86%	-38.03%	-109.09%	1,000.00%	-13.89%	35.48%	-214.29%	164.58%	-12.90%	55.56%	-147.62%
Operating Cash Flow Q/Q Growth	173.31%	-51.45%	-66.90%	209.63%	-11.19%	20.07%	-84.73%	397.03%	45.12%	-73.52%	35.44%
Free Cash Flow Firm Q/Q Growth	116.75%	-11.44%	269.25%	-64.93%	-258.30%	161.75%	-61.43%	691.26%	-46.20%	-28.38%	-124.01%
Invested Capital Q/Q Growth	-19.75%	0.94%	-0.85%	18.24%	-1.11%	-18.54%	0.28%	-1.67%	11.76%	-15.58%	10.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.00%	8.29%	8.08%	8.53%	8.30%	10.06%	8.64%	9.24%	10.31%	10.69%	10.41%
EBITDA Margin	4.85%	4.05%	3.05%	4.17%	3.63%	4.59%	0.68%	4.17%	4.50%	4.99%	3.35%
Operating Margin	3.11%	2.27%	0.90%	2.43%	2.00%	2.66%	-1.39%	2.49%	2.51%	3.00%	0.23%
EBIT Margin	3.12%	2.29%	0.92%	2.45%	2.01%	2.68%	-1.36%	2.50%	2.53%	3.02%	0.25%
Profit (Net Income) Margin	2.17%	1.52%	-0.10%	1.27%	1.02%	1.65%	-1.86%	1.10%	0.99%	1.79%	-0.83%
Tax Burden Percent	87.85%	107.07%	37.07%	83.86%	89.33%	100.47%	75.16%	87.95%	81.59%	111.62%	66.41%
Interest Burden Percent	79.00%	62.04%	-28.18%	61.87%	56.58%	61.37%	182.38%	49.86%	48.09%	52.99%	-502.72%
Effective Tax Rate	12.15%	-7.07%	0.00%	16.14%	10.67%	-0.47%	0.00%	12.05%	18.41%	-11.62%	0.00%
Return on Invested Capital (ROIC)	16.01%	14.27%	3.30%	9.29%	8.96%	14.47%	-5.19%	10.75%	9.33%	18.11%	0.82%
ROIC Less NNEP Spread (ROIC-NNEP)	15.07%	12.95%	2.45%	8.35%	7.84%	13.10%	-6.27%	9.29%	8.08%	16.15%	-0.21%
Return on Net Nonoperating Assets (RNNOA)	160.42%	148.82%	32.49%	123.62%	98.44%	179.82%	-181.64%	333.65%	785.74%	4,086.99%	6.02%
Return on Equity (ROE)	176.43%	163.09%	35.79%	132.91%	107.40%	194.30%	-186.83%	344.40%	795.08%	4,105.09%	6.84%
Cash Return on Invested Capital (CROIC)	13.92%	14.81%	32.46%	14.74%	-6.32%	15.99%	13.39%	31.56%	19.09%	18.31%	8.34%
Operating Return on Assets (OROA)	12.15%	8.99%	3.60%	8.95%	7.34%	9.63%	-4.88%	9.02%	8.98%	10.78%	0.88%
Return on Assets (ROA)	8.43%	5.97%	-0.38%	4.64%	3.71%	5.93%	-6.68%	3.96%	3.52%	6.37%	-2.93%
Return on Common Equity (ROCE)	145.17%	131.65%	21.72%	78.09%	64.56%	98.99%	4.84%	-64.70%	-1,573.03%	-34,921.49%	13.67%
Return on Equity Simple (ROE_SIMPLE)	102.58%	0.00%	200.06%	205.48%	193.31%	0.00%	-86.14%	-64.21%	-37.83%	0.00%	-38.24%
Net Operating Profit after Tax (NOPAT)	35	27	6.38	23	22	27	-9.13	25	22	32	1.40
NOPAT Margin	2.73%	2.43%	0.63%	2.04%	1.78%	2.67%	-0.97%	2.19%	2.05%	3.35%	0.16%
Net Nonoperating Expense Percent (NNEP)	0.94%	1.32%	0.85%	0.94%	1.12%	1.37%	1.08%	1.45%	1.26%	1.96%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	3.32%	-	-	-	3.56%	-	-	-	4.43%	0.17%
Cost of Revenue to Revenue	91.00%	91.71%	91.92%	91.47%	91.70%	89.94%	91.36%	90.76%	89.69%	89.31%	89.59%
SG&A Expenses to Revenue	4.19%	4.48%	5.05%	5.00%	4.75%	5.49%	6.25%	5.62%	6.31%	7.00%	7.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.89%	6.02%	7.18%	6.10%	6.31%	7.40%	10.03%	6.76%	7.80%	7.69%	10.18%
Earnings before Interest and Taxes (EBIT)	40	26	9.37	28	24	27	-13	28	27	29	2.13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	46	31	48	44	47	6.41	47	49	47	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.03	11.47	25.10	23.50	33.05	256.53	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.13	0.12	0.15	0.15	0.16	0.18	0.20	0.17	0.19	0.20	0.23
Price to Earnings (P/E)	10.97	9.81	13.07	11.92	18.12	19.23	36.02	34.66	39.03	41.27	30.20
Dividend Yield	13.01%	13.15%	11.01%	12.03%	10.91%	10.38%	9.43%	10.86%	10.39%	9.77%	8.73%
Earnings Yield	9.12%	10.20%	7.65%	8.39%	5.52%	5.20%	2.78%	2.88%	2.56%	2.42%	3.31%
Enterprise Value to Invested Capital (EV/IC)	1.70	1.67	1.85	1.65	1.74	1.97	2.12	2.01	1.97	2.21	2.29
Enterprise Value to Revenue (EV/Rev)	0.29	0.28	0.31	0.35	0.37	0.35	0.39	0.36	0.41	0.39	0.46
Enterprise Value to EBITDA (EV/EBITDA)	8.14	7.73	8.45	8.67	9.97	9.16	11.52	10.77	11.48	10.81	10.79
Enterprise Value to EBIT (EV/EBIT)	16.11	14.41	15.86	15.69	19.19	17.46	25.00	23.17	24.40	22.62	21.48
Enterprise Value to NOPAT (EV/NOPAT)	16.28	14.65	16.21	16.83	20.02	18.66	23.73	20.79	22.74	19.37	20.83
Enterprise Value to Operating Cash Flow (EV/OCF)	9.64	8.62	10.54	10.49	14.74	13.25	14.97	14.85	14.88	18.38	19.10
Enterprise Value to Free Cash Flow (EV/FCFF)	12.02	11.08	5.05	10.94	0.00	11.99	15.44	5.62	9.78	11.63	27.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	9.20	9.77	14.03	16.64	18.70	24.62	-439.43	-96.57	-29.81	-30.96	-16.24
Long-Term Debt to Equity	9.10	9.62	13.98	15.96	17.93	24.52	-437.71	-96.18	-28.57	-30.82	-15.55
Financial Leverage	10.64	11.49	13.25	14.81	12.56	13.72	28.99	35.90	97.30	253.06	-28.46
Leverage Ratio	17.52	18.63	19.21	19.68	18.67	22.20	44.70	50.24	126.10	384.79	-38.97
Compound Leverage Factor	13.84	11.56	-5.41	12.17	10.56	13.62	81.52	25.05	60.64	203.89	195.93
Debt to Total Capital	90.20%	90.71%	93.35%	94.33%	94.92%	96.10%	100.23%	101.05%	103.47%	103.34%	106.56%
Short-Term Debt to Total Capital	0.99%	1.31%	0.35%	3.88%	3.92%	0.39%	0.39%	0.41%	4.31%	0.44%	4.48%
Long-Term Debt to Total Capital	89.20%	89.40%	93.00%	90.45%	91.00%	95.70%	99.84%	100.64%	99.16%	102.90%	102.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.03%	3.07%	3.20%	2.78%	2.79%	3.52%	3.56%	3.72%	3.20%	3.91%	3.46%
Common Equity to Total Capital	6.77%	6.22%	3.45%	2.89%	2.29%	0.38%	-3.79%	-4.77%	-6.67%	-7.24%	-10.02%
Debt to EBITDA	4.41	4.30	4.33	4.97	5.48	4.47	5.52	5.48	6.15	5.14	5.32
Net Debt to EBITDA	4.34	4.21	4.29	4.95	5.45	4.44	5.48	5.44	6.10	5.12	5.29
Long-Term Debt to EBITDA	4.36	4.23	4.31	4.77	5.25	4.45	5.50	5.46	5.90	5.12	5.10
Debt to NOPAT	8.82	8.14	8.30	9.65	11.01	9.10	11.37	10.58	12.19	9.21	10.28
Net Debt to NOPAT	8.68	7.97	8.22	9.60	10.94	9.04	11.28	10.50	12.08	9.17	10.21
Long-Term Debt to NOPAT	8.72	8.02	8.27	9.25	10.55	9.07	11.33	10.53	11.68	9.17	9.85
Altman Z-Score	4.33	4.27	4.35	4.11	4.08	4.14	4.01	4.11	4.12	4.15	4.17
Noncontrolling Interest Sharing Ratio	17.72%	19.28%	39.31%	41.24%	39.89%	49.05%	102.59%	118.79%	297.85%	950.69%	-99.85%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.68	0.71	0.68	0.70	0.67	0.77	0.76	0.73	0.73	0.93
Quick Ratio	0.26	0.27	0.23	0.23	0.25	0.23	0.27	0.27	0.23	0.22	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	65	58	214	75	-119	73	29	226	122	87	-21
Operating Cash Flow to CapEx	734.46%	0.00%	212.37%	2,622.98%	320.40%	325.67%	95.27%	0.00%	8,667.15%	0.00%	1,099.12%
Free Cash Flow to Firm to Interest Expense	7.83	5.93	17.81	7.02	-11.25	6.99	2.71	15.92	8.59	6.50	-1.63
Operating Cash Flow to Interest Expense	8.60	3.57	0.96	3.34	3.00	3.63	0.55	2.03	2.96	0.83	1.17
Operating Cash Flow Less CapEx to Interest Expense	7.43	4.12	0.51	3.22	2.07	2.52	-0.03	2.42	2.93	1.59	1.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.89	3.93	3.91	3.66	3.65	3.60	3.59	3.61	3.55	3.57	3.55
Accounts Receivable Turnover	132.21	150.42	151.79	107.25	122.18	138.83	132.26	115.55	116.28	128.35	122.73
Inventory Turnover	104.97	98.32	89.70	76.75	81.75	80.36	74.19	67.70	65.79	64.06	60.75
Fixed Asset Turnover	6.58	6.70	6.63	6.27	6.23	6.12	6.12	6.17	6.08	6.02	6.19
Accounts Payable Turnover	49.62	57.50	55.30	46.08	46.05	48.83	51.15	46.38	41.95	46.00	45.26
Days Sales Outstanding (DSO)	2.76	2.43	2.40	3.40	2.99	2.63	2.76	3.16	3.14	2.84	2.97
Days Inventory Outstanding (DIO)	3.48	3.71	4.07	4.76	4.46	4.54	4.92	5.39	5.55	5.70	6.01
Days Payable Outstanding (DPO)	7.36	6.35	6.60	7.92	7.93	7.48	7.14	7.87	8.70	7.94	8.06
Cash Conversion Cycle (CCC)	-1.12	-0.21	-0.13	0.24	-0.47	-0.30	0.54	0.68	-0.02	0.61	0.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	824	832	825	976	965	786	787	774	865	730	810
Invested Capital Turnover	5.86	5.86	5.27	4.55	5.03	5.42	5.35	4.91	4.56	5.41	5.03
Increase / (Decrease) in Invested Capital	-31	-31	-208	-52	140	-46	-38	-201	-100	-56	22
Enterprise Value (EV)	1,404	1,391	1,523	1,614	1,678	1,551	1,667	1,552	1,708	1,614	1,853
Market Capitalization	630	608	724	666	734	771	846	739	772	821	915
Book Value per Share	$1.51	$1.40	$0.76	$0.75	$0.59	$0.08	($0.80)	($0.98)	($1.55)	($1.41)	($2.26)
Tangible Book Value per Share	($3.62)	($4.23)	($4.72)	($4.60)	($4.63)	($5.05)	($5.79)	($5.85)	($6.31)	($6.06)	($6.79)
Total Capital	843	852	836	981	972	788	797	782	885	742	858
Total Debt	761	773	780	925	922	757	799	790	915	767	915
Total Long-Term Debt	752	762	777	887	884	754	796	787	877	764	876
Net Debt	749	757	772	921	917	752	793	784	907	764	908
Capital Expenditures (CapEx)	9.78	-5.38	5.43	1.36	9.90	12	6.11	-5.43	0.48	-10	1.37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-57	-62	-51	-21	-22	-54	-40	-42	-17	-44	19
Debt-free Net Working Capital (DFNWC)	-45	-46	-43	-16	-16	-49	-33	-37	-8.98	-41	26
Net Working Capital (NWC)	-54	-57	-46	-54	-54	-53	-37	-40	-47	-44	-12
Net Nonoperating Expense (NNE)	7.23	10	7.36	8.82	9.28	10	8.41	12	11	15	8.52
Net Nonoperating Obligations (NNO)	742	753	769	920	915	755	789	782	896	755	866
Total Depreciation and Amortization (D&A)	22	20	22	20	20	19	19	19	21	19	27
Debt-free, Cash-free Net Working Capital to Revenue	-1.16%	-1.24%	-1.03%	-0.45%	-0.48%	-1.24%	-0.92%	-0.98%	-0.40%	-1.08%	0.48%
Debt-free Net Working Capital to Revenue	-0.92%	-0.92%	-0.88%	-0.35%	-0.35%	-1.13%	-0.78%	-0.85%	-0.22%	-0.99%	0.65%
Net Working Capital to Revenue	-1.09%	-1.15%	-0.94%	-1.19%	-1.20%	-1.20%	-0.85%	-0.93%	-1.13%	-1.07%	-0.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.71	$0.44	($0.04)	$0.37	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)
Adjusted Weighted Average Basic Shares Outstanding	37.93M	37.92M	37.94M	37.95M	37.97M	37.96M	37.99M	38.03M	38.04M	38.03M	38.07M
Adjusted Diluted Earnings per Share	$0.71	$0.44	($0.04)	$0.36	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)
Adjusted Weighted Average Diluted Shares Outstanding	39.04M	38.06M	37.94M	38.15M	38.14M	38.12M	37.99M	38.20M	38.20M	38.17M	38.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.04)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.93M	37.92M	37.94M	37.97M	37.97M	37.98M	38.03M	38.05M	38.05M	38.06M	38.10M
Normalized Net Operating Profit after Tax (NOPAT)	35	17	7.61	18	21	19	2.63	20	18	12	-2.13
Normalized NOPAT Margin	2.75%	1.48%	0.75%	1.55%	1.76%	1.89%	0.28%	1.75%	1.69%	1.25%	-0.25%
Pre Tax Income Margin	2.46%	1.42%	-0.26%	1.51%	1.14%	1.64%	-2.48%	1.25%	1.22%	1.60%	-1.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.76	2.63	0.78	2.62	2.30	2.59	-1.21	1.99	1.93	2.13	0.17
NOPAT to Interest Expense	4.17	2.80	0.53	2.19	2.04	2.58	-0.87	1.74	1.56	2.36	0.11
EBIT Less CapEx to Interest Expense	3.59	3.18	0.33	2.50	1.37	1.47	-1.79	2.38	1.89	2.89	0.06
NOPAT Less CapEx to Interest Expense	3.00	3.35	0.08	2.06	1.10	1.47	-1.45	2.13	1.53	3.12	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	136.19%	125.33%	138.48%	137.53%	188.23%	187.72%	307.27%	334.11%	360.39%	362.65%	247.81%
Augmented Payout Ratio	136.19%	125.33%	138.48%	137.53%	188.23%	187.72%	307.27%	334.11%	360.39%	362.65%	247.81%

Key Financial Trends

CrossAmerica Partners LP (NYSE:CAPL) reported a challenging Q1 2025, with revenue and profits under pressure but maintaining healthy cash flow and balance‐sheet metrics. Below are the key items that may impact the company:

Operating cash flow rose to $15.05 million in Q1 2025 from $5.82 million a year ago, boosting liquidity.
Altman Z-Score remains healthy at 4.17 in Q1 2025, signaling low bankruptcy risk.
EBITDA held firm at $28.92 million in Q1 2025, demonstrating resilient core earnings.
Dividend of $0.525 per share was maintained, yielding approximately 0.09% in Q1 2025.
Revenue declined 8.40% year-over-year to $862.5 million in Q1 2025.
Net loss of $7.78 million in Q1 2025 versus net income of $4.30 million in Q1 2024.
Operating margin compressed to 0.23% in Q1 2025 from 1.24% a year ago.
Net debt to EBITDA increased to 5.29× in Q1 2025 from 4.29× in Q1 2024, raising leverage concerns.
Debt-to-total capital exceeded 106% in Q1 2025, up from 93% in Q1 2024.
Book value per share remains negative at –$2.26 in Q1 2025, reflecting an overleveraged balance sheet.

06/21/25 10:03 AMAI Generated. May Contain Errors.

Frequently Asked Questions About CrossAmerica Partners' Financials

When does CrossAmerica Partners' fiscal year end?

According to the most recent income statement we have on file, CrossAmerica Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has CrossAmerica Partners' net income changed over the last 10 years?

CrossAmerica Partners' net income appears to be on an upward trend, with a most recent value of $22.45 million in 2024, falling from -$6.17 million in 2014. The previous period was $42.59 million in 2023.

What is CrossAmerica Partners' operating income?

CrossAmerica Partners' total operating income in 2024 was $70.56 million, based on the following breakdown:

Total Gross Profit: $398.32 million
Total Operating Expenses: $327.76 million

How has CrossAmerica Partners' revenue changed over the last 10 years?

Over the last 10 years, CrossAmerica Partners' total revenue changed from $2.66 billion in 2014 to $4.10 billion in 2024, a change of 53.8%.

How much debt does CrossAmerica Partners have?

CrossAmerica Partners' total liabilities were at $1.14 billion at the end of 2024, a 1.0% decrease from 2023, and a 180.3% increase since 2014.

How much cash does CrossAmerica Partners have?

In the past 10 years, CrossAmerica Partners' cash and equivalents has ranged from $513 thousand in 2020 to $16.05 million in 2022, and is currently $3.38 million as of their latest financial filing in 2024.

How has CrossAmerica Partners' book value per share changed over the last 10 years?

Over the last 10 years, CrossAmerica Partners' book value per share changed from 8.30 in 2014 to -1.41 in 2024, a change of -117.0%.

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This page (NYSE:CAPL) was last updated on 6/21/2025 by MarketBeat.com Staff

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CrossAmerica Partners (CAPL) Financials

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CrossAmerica Partners (CAPL) Financials

Annual Income Statements for CrossAmerica Partners

Quarterly Income Statements for CrossAmerica Partners

Annual Cash Flow Statements for CrossAmerica Partners

Quarterly Cash Flow Statements for CrossAmerica Partners

Annual Balance Sheets for CrossAmerica Partners

Quarterly Balance Sheets for CrossAmerica Partners

Annual Metrics And Ratios for CrossAmerica Partners

Quarterly Metrics And Ratios for CrossAmerica Partners

Key Financial Trends

Frequently Asked Questions About CrossAmerica Partners' Financials

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