CrossAmerica Partners (CAPL) Financials

$21.71 +0.39 (+1.83%)

Closing price 05/8/2026 03:59 PM Eastern

Extended Trading

$21.70 -0.01 (-0.05%)

As of 05/8/2026 05:42 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	10	7.31	19	3.67	18	107	22	62	40	20	39
Consolidated Net Income / (Loss)	11	11	23	5.25	18	107	22	64	43	22	42
Net Income / (Loss) Continuing Operations	11	11	23	5.25	18	107	22	64	43	22	42
Total Pre-Tax Income	7.92	10	4.94	2.51	17	100	18	64	45	19	50
Total Operating Income	15	16	32	35	43	112	36	96	88	71	98
Total Gross Profit	169	156	161	173	155	212	277	376	382	398	403
Total Revenue	2,226	1,870	2,095	2,446	2,149	1,932	3,579	4,967	4,386	4,098	3,663
Operating Revenue	2,226	1,870	2,095	2,446	2,149	1,932	3,579	4,967	4,386	4,098	3,663
Total Cost of Revenue	2,057	1,714	1,934	2,273	1,995	1,720	3,302	4,592	4,004	3,700	3,260
Operating Cost of Revenue	2,057	1,714	1,934	2,273	1,995	1,720	3,302	4,592	4,004	3,700	3,260
Total Operating Expenses	154	139	128	138	126	100	241	280	294	328	305
Selling, General & Admin Expense	108	85	89	80	69	112	165	200	222	257	260
Depreciation Expense	48	54	57	67	55	69	78	81	77	76	90
Other Special Charges / (Income)	-2.72	-	-	-	-	-81	-2.04	-1.14	-4.74	-4.97	-44
Total Other Income / (Expense), net	-7.57	-5.86	-27	-32	-12	-13	-18	-32	-43	-52	-48
Interest Expense	18	23	28	33	27	17	18	32	44	52	48
Other Income / (Expense), net	0.40	0.85	0.44	0.37	0.52	0.50	0.54	0.50	0.79	0.78	0.58
Income Tax Expense	-3.54	-0.45	-18	-2.73	-1.23	-7.95	-3.23	0.71	2.53	-3.43	8.25
Preferred Stock Dividends Declared	-	-	-	-	-	0.00	0.00	1.73	2.49	2.56	2.72
Basic Earnings per Share	$0.35	$0.22	$0.56	$0.11	$0.51	$2.87	$0.57	$1.63	$1.06	$0.52	$1.03
Weighted Average Basic Shares Outstanding	21.46M	32.16M	33.84M	34.35M	34.45M	37.37M	37.88M	37.92M	37.96M	38.03M	38.10M
Diluted Earnings per Share	$0.35	$0.22	$0.56	$0.11	$0.51	$2.87	$0.57	$1.63	$1.05	$0.52	$1.02
Weighted Average Diluted Shares Outstanding	21.56M	32.22M	33.84M	34.35M	34.48M	37.37M	37.88M	38.06M	38.12M	38.17M	38.25M
Weighted Average Basic & Diluted Shares Outstanding	7.53M	1.15M	33.84M	34.35M	34.45M	37.37M	37.88M	37.92M	37.98M	38.06M	38.14M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	12	16	-18	12	10	16	-7.78	24	13	9.51	9.97
Consolidated Net Income / (Loss)	12	17	-18	12	11	17	-7.12	25	14	10	11
Net Income / (Loss) Continuing Operations	12	17	-18	12	11	17	-7.12	25	14	10	11
Total Pre-Tax Income	14	17	-23	14	13	15	-11	29	16	15	13
Total Operating Income	24	27	-13	28	27	28	2.00	41	28	26	24
Total Gross Profit	100	102	81	105	111	101	90	101	105	107	98
Total Revenue	1,210	1,015	942	1,133	1,079	944	862	962	972	866	842
Operating Revenue	1,210	1,015	942	1,133	1,079	944	862	962	972	866	842
Total Cost of Revenue	1,110	913	860	1,029	968	843	773	861	867	759	744
Operating Cost of Revenue	1,110	913	860	1,029	968	843	773	861	867	759	744
Total Operating Expenses	76	75	94	77	84	73	88	59	77	81	74
Selling, General & Admin Expense	57	56	59	64	68	66	67	65	64	65	63
Depreciation Expense	19	19	19	18	21	18	26	23	20	20	17
Other Special Charges / (Income)	-0.29	0.48	17	-5.58	-4.68	-12	-5.04	-28	-7.39	-3.44	-6.12
Total Other Income / (Expense), net	-10	-10	-10	-14	-14	-13	-13	-12	-12	-11	-11
Interest Expense	11	10	11	14	14	13	13	13	12	11	11
Other Income / (Expense), net	0.17	0.19	0.25	0.16	0.20	0.18	0.13	0.14	0.15	0.16	0.16
Income Tax Expense	1.47	-0.08	-5.80	1.70	2.42	-1.76	-3.60	3.90	2.87	5.09	2.50
Preferred Stock Dividends Declared	0.63	0.64	0.66	0.67	0.58	0.65	0.67	0.68	0.70	0.68	0.69
Basic Earnings per Share	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)	$0.64	$0.34	$0.25	$0.26
Weighted Average Basic Shares Outstanding	37.97M	37.96M	37.99M	38.03M	38.04M	38.03M	38.07M	38.10M	38.11M	38.10M	38.14M
Diluted Earnings per Share	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)	$0.64	$0.34	$0.24	$0.26
Weighted Average Diluted Shares Outstanding	38.14M	38.12M	37.99M	38.20M	38.20M	38.17M	38.07M	39.55M	38.27M	38.25M	38.30M
Weighted Average Basic & Diluted Shares Outstanding	37.97M	37.98M	38.03M	38.05M	38.05M	38.06M	38.10M	38.12M	38.12M	38.14M	38.15M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-14	0.16	2.55	-0.71	-1.41	-1.27	7.14	8.41	-11	-1.61	-0.24
Net Cash From Operating Activities	64	79	89	90	72	104	95	161	117	88	91
Net Cash From Continuing Operating Activities	64	79	89	90	72	104	95	161	117	88	91
Net Income / (Loss) Continuing Operations	11	11	23	5.25	18	107	22	64	43	22	42
Consolidated Net Income / (Loss)	11	11	23	5.25	18	107	22	64	43	22	42
Depreciation Expense	48	54	57	67	55	69	78	81	77	76	90
Amortization Expense	1.87	1.86	1.78	1.51	1.03	1.04	1.86	2.79	3.29	1.94	1.94
Non-Cash Adjustments To Reconcile Net Income	12	16	12	11	3.26	-88	-4.23	1.38	-1.67	-3.30	-42
Changes in Operating Assets and Liabilities, net	-8.88	-3.65	-5.30	5.76	-5.06	15	-1.67	13	-4.29	-9.29	0.51
Net Cash From Investing Activities	-312	-97	-60	-6.78	-16	-20	-299	-46	-28	-16	68
Net Cash From Continuing Investing Activities	-312	-97	-60	-6.78	-16	-20	-299	-46	-28	-16	68
Purchase of Property, Plant & Equipment	-10	-21	-12	-14	-25	-37	-42	-30	-35	-26	-36
Acquisitions	-310	-97	-76	-0.49	0.00	-28	-273	-30	0.00	0.00	0.00
Sale of Property, Plant & Equipment	6.41	2.68	28	6.64	4.86	45	15	13	6.23	35	104
Sale and/or Maturity of Investments	1.96	18	0.45	0.78	1.10	0.97	0.79	0.20	0.21	0.15	0.12
Other Investing Activities, net	-	-	-	-	3.15	-	-	0.00	0.00	-26	0.00
Net Cash From Financing Activities	233	18	-26	-84	-58	-86	210	-107	-100	-73	-160
Net Cash From Continuing Financing Activities	233	18	-26	-84	-58	-86	210	-107	-100	-73	-160
Repayment of Debt	-214	-135	-144	-141	-97	-112	-85	-164	-257	-102	-153
Payment of Dividends	-66	-84	-88	-77	-73	-78	-80	-80	-81	-81	-82
Issuance of Debt	372	215	205	128	114	106	377	115	241	113	78
Issuance of Preferred Equity	-	-	-	-	-	0.00	0.00	24	0.00	0.00	0.00
Other Financing Activities, net	-	25	0.33	6.31	-2.30	-2.46	-2.60	-2.72	-2.89	-3.08	-3.26

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	1.30	-0.80	1.29	-0.79	2.28	-4.38	3.37	2.97	-3.95	-2.63	4.21
Net Cash From Operating Activities	32	38	5.82	29	42	11	15	23	24	29	28
Net Cash From Continuing Operating Activities	32	38	5.82	29	42	11	15	23	24	29	28
Net Income / (Loss) Continuing Operations	12	17	-18	12	11	17	-7.12	25	14	10	11
Consolidated Net Income / (Loss)	12	17	-18	12	11	17	-7.12	25	14	10	11
Depreciation Expense	19	19	19	18	21	18	26	23	20	20	17
Amortization Expense	0.48	0.48	0.48	0.49	0.48	0.49	0.49	0.48	0.48	0.49	0.48
Non-Cash Adjustments To Reconcile Net Income	0.67	1.43	17	-5.13	-4.12	-11	-4.22	-28	-7.02	-2.94	-5.89
Changes in Operating Assets and Liabilities, net	-0.82	0.49	-13	2.68	14	-13	-0.40	1.85	-2.71	1.78	5.56
Net Cash From Investing Activities	-9.85	-12	-26	-0.15	-0.45	10	-1.34	52	15	2.22	7.84
Net Cash From Continuing Investing Activities	-9.85	-12	-26	-0.15	-0.45	10	-1.34	52	15	2.22	7.84
Purchase of Property, Plant & Equipment	-10	-13	-6.11	-5.31	-7.72	-7.19	-10	-12	-6.70	-7.07	-3.43
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-1.80
Sale of Property, Plant & Equipment	0.45	1.25	0.00	11	7.24	17	8.75	64	22	9.26	13
Sale and/or Maturity of Investments	0.06	0.05	0.05	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.02
Other Investing Activities, net	-	-	-20	-5.61	-	-	0.00	-	-	-	0.00
Net Cash From Financing Activities	-21	-27	21	-30	-39	-26	-10	-72	-44	-34	-32
Net Cash From Continuing Financing Activities	-21	-26	21	-30	-39	-26	-10	-72	-44	-34	-32
Repayment of Debt	-15	-26	-6.81	-30	-38	-27	-19	-63	-30	-42	-35
Payment of Dividends	-21	-19	-20	-20	-21	-20	-20	-20	-21	-20	-20
Issuance of Debt	16	19	49	21	21	22	29	12	8.00	29	25
Other Financing Activities, net	-0.73	-0.74	-0.74	-0.77	-0.78	-0.79	-0.79	-0.81	-0.83	-0.83	-1.12

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	861	932	947	867	911	1,014	1,270	1,257	1,182	1,115	965
Total Current Assets	58	65	81	51	69	75	106	118	109	119	111
Cash & Equivalents	1.19	1.35	3.90	3.19	1.78	0.51	7.65	16	4.99	3.38	3.14
Accounts Receivable	33	42	42	26	42	29	34	32	32	32	29
Inventories, net	16	13	15	14	6.23	23	46	47	52	63	60
Other Current Assets	4.94	6.56	7.53	5.51	5.80	12	13	22	19	11	9.39
Other Current Nonoperating Assets	3.29	2.11	12	2.22	13	9.90	4.91	0.98	0.40	8.99	9.69
Plant, Property, & Equipment, net	629	677	681	647	566	571	755	728	705	656	548
Total Noncurrent Assets	175	189	186	169	276	369	405	408	368	340	306
Goodwill	81	89	89	89	89	89	100	99	99	99	99
Intangible Assets	82	81	76	59	45	93	114	114	95	77	62
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	0.76	1.00	0.76
Other Noncurrent Operating Assets	12	19	21	21	142	187	191	194	173	162	144
Total Liabilities & Shareholders' Equity	861	932	947	867	911	1,014	1,270	1,257	1,182	1,115	965
Total Liabilities	593	711	776	756	833	905	1,214	1,178	1,151	1,140	1,037
Total Current Liabilities	75	75	93	88	113	147	164	175	161	163	150
Short-Term Debt	7.61	2.10	2.92	2.30	2.47	2.63	11	11	3.08	3.27	3.47
Accounts Payable	41	45	61	58	58	69	75	85	79	82	70
Accrued Expenses	17	16	17	18	16	23	21	23	24	24	27
Other Taxes Payable	-	12	12	11	12	20	23	21	20	19	19
Other Current Liabilities	-	-	-	0.00	23	32	35	35	35	35	30
Total Noncurrent Liabilities	518	636	683	668	799	758	1,050	1,003	986	977	887
Long-Term Debt	404	465	529	-	-	-	811	762	754	764	687
Capital Lease Obligations	-	-	-	519	535	527	-	-	-	106	97
Asset Retirement Reserve & Litigation Obligation	23	28	31	33	36	41	45	46	48	48	45
Noncurrent Deferred & Payable Income Tax Liabilities	44	43	24	20	19	15	12	13	13	7.42	7.41
Other Noncurrent Operating Liabilities	47	100	98	96	209	174	181	182	172	51	51
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	30
Total Equity & Noncontrolling Interests	269	221	171	111	0.00	110	57	53	3.01	-54	-102
Total Preferred & Common Equity	269	221	171	111	0.00	110	57	53	3.01	-54	-102
Total Common Equity	269	221	171	111	0.00	110	57	53	3.01	-54	-102
Common Stock	269	221	171	111	-	112	54	37	-2.39	-61	-101
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	0.00	-2.46	3.03	16	5.40	7.60	-1.05

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,247	1,224	1,218	1,217	1,179	1,165	1,130	1,087	1,028	999	1,003
Total Current Assets	123	111	116	123	123	126	126	151	125	117	125
Cash & Equivalents	12	7.52	4.49	5.79	6.28	5.49	7.77	6.75	9.72	5.77	7.35
Accounts Receivable	34	29	35	39	36	39	33	29	33	35	32
Inventories, net	47	48	52	54	58	64	61	61	59	61	65
Other Current Assets	22	25	23	24	18	15	13	13	9.28	9.93	13
Other Current Nonoperating Assets	7.10	2.01	1.00	1.14	4.64	2.49	12	42	14	6.12	7.73
Plant, Property, & Equipment, net	738	717	709	706	693	685	665	606	587	569	589
Total Noncurrent Assets	386	394	392	388	363	354	339	329	317	313	288
Goodwill	99	99	99	99	99	99	99	99	99	99	99
Intangible Assets	95	108	103	99	90	86	82	73	69	65	58
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	1.43	0.82	0.08	1.76	1.91	1.38	0.56
Other Noncurrent Operating Assets	191	187	189	190	172	168	158	154	146	147	130
Total Liabilities & Shareholders' Equity	1,247	1,224	1,218	1,217	1,179	1,165	1,130	1,087	1,028	999	1,003
Total Liabilities	1,164	1,168	1,162	1,168	1,181	1,173	1,161	1,143	1,083	1,061	1,081
Total Current Liabilities	176	157	170	177	160	165	173	164	162	164	168
Short-Term Debt	8.38	2.94	38	38	3.13	3.18	38	38	37	38	9.81
Accounts Payable	89	75	86	90	78	83	89	81	80	79	85
Accrued Expenses	23	24	25	28	25	24	26	26	25	29	29
Other Taxes Payable	21	20	21	21	19	20	19	18	19	19	19
Other Current Liabilities	35	35	-	-	35	35	0.22	0.15	0.25	0.48	26
Total Noncurrent Liabilities	988	1,011	992	991	1,020	1,007	988	979	920	897	913
Long-Term Debt	752	777	760	761	796	787	769	774	723	701	726
Capital Lease Obligations	-	-	127	123	-	-	108	102	95	95	86
Asset Retirement Reserve & Litigation Obligation	46	47	47	48	48	49	49	48	46	45	45
Noncurrent Deferred & Payable Income Tax Liabilities	12	8.53	11	12	7.65	7.88	7.47	4.88	6.02	5.27	7.19
Other Noncurrent Operating Liabilities	177	178	46	47	169	164	55	50	50	50	49
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	26	27	27	27	28	29	28	30	30	30	31
Total Equity & Noncontrolling Interests	57	29	28	22	-30	-37	-59	-86	-84	-92	-109
Total Preferred & Common Equity	57	29	28	22	-30	-37	-59	-86	-84	-92	-109
Total Common Equity	57	29	28	22	-30	-37	-59	-86	-84	-92	-109
Common Stock	40	15	9.22	1.23	-40	-48	-57	-89	-84	-91	-111
Accumulated Other Comprehensive Income / (Loss)	17	14	19	21	9.40	11	-1.63	2.75	-0.17	-0.72	1.57

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.46%	-16.01%	12.03%	16.76%	-12.14%	-10.08%	85.23%	38.78%	-11.70%	-6.57%	-10.63%
EBITDA Growth	45.31%	11.01%	25.75%	12.31%	-3.42%	82.85%	-36.29%	54.59%	-5.90%	-11.84%	27.13%
EBIT Growth	74.45%	6.84%	93.61%	7.69%	23.91%	157.48%	-67.52%	163.16%	-7.93%	-19.72%	37.69%
NOPAT Growth	270.64%	-24.90%	803.64%	-51.95%	-36.40%	161.09%	-65.02%	123.65%	-12.43%	0.19%	-2.09%
Net Income Growth	285.74%	-6.52%	116.29%	-77.36%	244.57%	494.47%	-79.85%	194.15%	-33.13%	-47.28%	86.31%
EPS Growth	209.38%	-37.14%	154.55%	-80.36%	363.64%	462.75%	-80.14%	185.96%	-35.58%	-50.48%	96.15%
Operating Cash Flow Growth	126.02%	23.19%	11.98%	0.89%	-19.41%	44.46%	-8.63%	68.97%	-27.42%	-25.03%	4.23%
Free Cash Flow Firm Growth	-56.15%	104.04%	1,773.70%	-10.55%	13.33%	-90.41%	-1,417.49%	165.70%	3.10%	7.28%	572.91%
Invested Capital Growth	48.11%	1.31%	0.42%	-8.78%	-16.71%	20.46%	37.11%	-3.54%	-5.56%	-7.06%	-16.65%
Revenue Q/Q Growth	-5.25%	1.83%	2.50%	-0.22%	-1.62%	2.08%	17.24%	0.96%	-2.45%	-1.69%	-2.08%
EBITDA Q/Q Growth	18.68%	2.79%	28.20%	3.72%	-14.37%	-1.65%	15.88%	4.29%	0.60%	0.33%	-0.24%
EBIT Q/Q Growth	203.44%	-1.78%	145.08%	11.04%	-27.94%	-3.86%	44.46%	10.74%	1.63%	1.93%	-2.27%
NOPAT Q/Q Growth	574.45%	0.20%	280.15%	-99.62%	-27.71%	-0.63%	18.30%	10.07%	-0.79%	10.92%	-16.00%
Net Income Q/Q Growth	278.73%	-15.04%	431.68%	-71.95%	-15.93%	4.58%	16.21%	8.72%	-0.81%	0.53%	-13.75%
EPS Q/Q Growth	163.64%	-40.54%	5,500.00%	-77.08%	-16.39%	1.41%	90.00%	0.00%	-1.87%	0.00%	-15.00%
Operating Cash Flow Q/Q Growth	-6.54%	0.20%	8.25%	12.48%	-29.08%	16.97%	1.29%	10.75%	2.84%	-23.51%	25.04%
Free Cash Flow Firm Q/Q Growth	29.44%	233.17%	-4.26%	-99.30%	1,385.88%	-93.55%	0.91%	7.39%	328.87%	-20.52%	8.92%
Invested Capital Q/Q Growth	-5.62%	-7.33%	10.37%	-3.95%	-28.35%	0.46%	0.90%	0.94%	-18.54%	-15.58%	-8.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.61%	8.32%	7.67%	7.06%	7.20%	10.98%	7.74%	7.56%	8.72%	9.72%	11.00%
EBITDA Margin	2.96%	3.92%	4.40%	4.23%	4.65%	9.45%	3.25%	3.62%	3.86%	3.64%	5.18%
Operating Margin	0.70%	0.86%	1.55%	1.43%	2.02%	5.82%	1.01%	1.93%	2.01%	1.72%	2.67%
EBIT Margin	0.71%	0.91%	1.57%	1.45%	2.04%	5.84%	1.02%	1.94%	2.03%	1.74%	2.68%
Profit (Net Income) Margin	0.51%	0.57%	1.11%	0.21%	0.84%	5.56%	0.61%	1.28%	0.97%	0.55%	1.14%
Tax Burden Percent	144.72%	104.41%	469.24%	208.75%	107.30%	107.99%	117.50%	98.89%	94.40%	118.05%	83.52%
Interest Burden Percent	49.86%	60.47%	15.03%	7.10%	38.42%	88.14%	50.25%	66.74%	50.77%	26.66%	50.99%
Effective Tax Rate	-44.72%	-4.41%	-369.24%	-108.75%	-7.30%	-7.99%	-17.50%	1.11%	5.60%	-18.05%	16.48%
Return on Invested Capital (ROIC)	3.96%	2.48%	22.17%	11.12%	8.09%	21.08%	5.69%	11.20%	10.28%	10.99%	10.64%
ROIC Less NNEP Spread (ROIC-NNEP)	0.70%	1.07%	-4.14%	-2.02%	2.62%	18.41%	2.55%	7.20%	4.90%	2.93%	5.76%
Return on Net Nonoperating Assets (RNNOA)	1.03%	1.90%	-10.35%	-7.40%	24.50%	174.89%	20.36%	82.68%	67.24%	741.46%	-97.05%
Return on Equity (ROE)	4.99%	4.38%	11.83%	3.72%	32.59%	195.97%	26.05%	93.88%	77.52%	752.45%	-86.41%
Cash Return on Invested Capital (CROIC)	-34.82%	1.17%	21.75%	20.31%	26.32%	2.52%	-25.61%	14.81%	15.99%	18.31%	28.80%
Operating Return on Assets (OROA)	2.18%	1.89%	3.50%	3.90%	4.93%	11.73%	3.21%	7.64%	7.29%	6.21%	9.45%
Return on Assets (ROA)	1.57%	1.19%	2.47%	0.58%	2.03%	11.16%	1.90%	5.04%	3.49%	1.96%	4.02%
Return on Common Equity (ROCE)	4.99%	4.38%	11.85%	3.73%	32.59%	195.97%	26.05%	75.79%	39.50%	-6,400.96%	-139.32%
Return on Equity Simple (ROE_SIMPLE)	4.26%	4.85%	13.53%	4.73%	0.00%	97.98%	38.29%	120.23%	1,416.43%	-41.75%	0.00%
Net Operating Profit after Tax (NOPAT)	22	17	152	73	46	121	42	95	83	83	82
NOPAT Margin	1.01%	0.90%	7.26%	2.99%	2.16%	6.28%	1.19%	1.91%	1.90%	2.03%	2.23%
Net Nonoperating Expense Percent (NNEP)	3.26%	1.41%	26.31%	13.14%	5.47%	2.67%	3.14%	4.01%	5.38%	8.06%	4.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	11.50%	10.94%	11.68%	12.00%
Cost of Revenue to Revenue	92.39%	91.68%	92.33%	92.94%	92.83%	89.02%	92.26%	92.44%	91.28%	90.28%	89.00%
SG&A Expenses to Revenue	4.87%	4.56%	4.26%	3.27%	3.23%	5.79%	4.61%	4.03%	5.06%	6.26%	7.09%
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	6.92%	7.46%	6.13%	5.63%	5.87%	5.16%	6.73%	5.63%	6.71%	8.00%	8.33%
Earnings before Interest and Taxes (EBIT)	16	17	33	35	44	113	37	97	89	71	98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	66	73	92	103	100	183	116	180	169	149	190
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.85	1.67	2.35	2.46	0.00	4.24	10.25	11.47	256.53	0.00	0.00
Price to Tangible Book Value (P/TBV)	2.17	7.21	65.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.10	0.20	0.19	0.11	0.18	0.24	0.16	0.12	0.18	0.20	0.21
Price to Earnings (P/E)	22.80	50.49	21.37	74.38	22.44	4.33	26.77	9.81	19.23	41.27	19.68
Dividend Yield	20.98%	25.98%	20.87%	27.70%	18.39%	16.87%	13.73%	13.15%	10.38%	9.77%	10.44%
Earnings Yield	4.39%	1.98%	4.68%	1.34%	4.46%	23.07%	3.74%	10.20%	5.20%	2.42%	5.08%
Enterprise Value to Invested Capital (EV/IC)	0.95	1.22	1.35	1.26	1.78	1.58	1.62	1.67	1.97	2.21	2.26
Enterprise Value to Revenue (EV/Rev)	0.29	0.45	0.44	0.32	0.43	0.51	0.39	0.28	0.35	0.39	0.43
Enterprise Value to EBITDA (EV/EBITDA)	9.69	11.40	10.10	7.65	9.30	5.44	11.97	7.73	9.16	10.81	8.32
Enterprise Value to EBIT (EV/EBIT)	40.24	49.19	28.30	22.37	21.19	8.81	38.00	14.41	17.46	22.62	16.07
Enterprise Value to NOPAT (EV/NOPAT)	28.51	49.59	6.11	10.83	19.99	8.19	32.83	14.65	18.66	19.37	19.36
Enterprise Value to Operating Cash Flow (EV/OCF)	9.91	10.51	10.45	8.82	12.85	9.52	14.60	8.62	13.25	18.38	17.25
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	104.83	6.23	5.93	6.14	68.60	0.00	11.08	11.99	11.63	7.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.53	2.12	3.11	4.70	0.00	4.83	14.53	9.77	24.62	-30.96	-10.85
Long-Term Debt to Equity	1.50	2.11	3.09	4.68	0.00	4.81	14.33	9.62	24.52	-30.82	-10.81
Financial Leverage	1.46	1.78	2.50	3.66	9.36	9.50	7.97	11.49	13.72	253.06	-16.84
Leverage Ratio	3.18	3.66	4.80	6.43	16.03	17.56	13.74	18.63	22.20	384.79	-21.48
Compound Leverage Factor	1.58	2.21	0.72	0.46	6.16	15.48	6.91	12.43	11.27	102.59	-10.95
Debt to Total Capital	60.47%	67.91%	75.68%	82.46%	100.00%	82.85%	93.56%	90.71%	96.10%	103.34%	110.15%
Short-Term Debt to Total Capital	1.12%	0.31%	0.41%	0.36%	0.46%	0.41%	1.25%	1.31%	0.39%	0.44%	0.49%
Long-Term Debt to Total Capital	59.35%	67.60%	75.26%	82.10%	99.54%	82.44%	92.31%	89.40%	95.70%	102.90%	109.66%
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	-0.02%	-0.03%	-0.05%	0.00%	0.00%	0.00%	0.00%	3.07%	3.52%	3.91%	4.27%
Common Equity to Total Capital	39.55%	32.13%	24.37%	17.54%	0.00%	17.15%	6.44%	6.22%	0.38%	-7.24%	-14.41%
Debt to EBITDA	6.23	6.38	5.78	5.04	5.38	2.90	7.06	4.30	4.47	5.14	4.12
Net Debt to EBITDA	6.22	6.36	5.73	5.01	5.36	2.90	6.99	4.21	4.44	5.12	4.10
Long-Term Debt to EBITDA	6.12	6.35	5.75	5.02	5.35	2.89	6.97	4.23	4.45	5.12	4.10
Debt to NOPAT	18.35	27.75	3.50	7.14	11.56	4.37	19.35	8.14	9.10	9.21	9.59
Net Debt to NOPAT	18.30	27.67	3.47	7.09	11.52	4.36	19.17	7.97	9.04	9.17	9.55
Long-Term Debt to NOPAT	18.01	27.63	3.48	7.10	11.51	4.34	19.10	8.02	9.07	9.17	9.54
Altman Z-Score	2.85	2.37	2.62	3.12	2.74	2.50	3.15	4.46	4.31	4.27	4.52
Noncontrolling Interest Sharing Ratio	-0.04%	-0.08%	-0.14%	-0.11%	0.00%	0.00%	0.00%	19.28%	49.05%	950.69%	-61.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.87	0.86	0.58	0.62	0.51	0.65	0.68	0.67	0.73	0.72
Quick Ratio	0.46	0.58	0.49	0.33	0.39	0.20	0.26	0.27	0.23	0.22	0.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-197	7.96	149	133	151	14	-191	125	129	139	221
Operating Cash Flow to CapEx	1,708.72%	439.04%	0.00%	1,268.58%	366.12%	0.00%	360.26%	948.53%	412.35%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-10.66	0.35	5.34	4.06	5.60	0.87	-10.47	3.91	2.96	2.65	4.59
Operating Cash Flow to Interest Expense	3.49	3.49	3.19	2.73	2.68	6.30	5.23	5.03	2.68	1.68	1.90
Operating Cash Flow Less CapEx to Interest Expense	3.28	2.70	3.73	2.52	1.95	6.76	3.78	4.50	2.03	1.85	3.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.05	2.09	2.23	2.70	2.42	2.01	3.13	3.93	3.60	3.57	3.52
Accounts Receivable Turnover	62.46	49.74	49.60	71.82	63.01	53.83	111.97	150.42	138.83	128.35	119.13
Inventory Turnover	147.93	118.62	136.75	155.67	196.41	116.69	95.23	98.32	80.36	64.06	53.10
Fixed Asset Turnover	4.37	2.86	3.08	3.68	3.54	3.40	5.40	6.70	6.12	6.02	6.08
Accounts Payable Turnover	55.21	39.96	36.44	38.21	34.54	27.05	45.80	57.50	48.83	46.00	42.99
Days Sales Outstanding (DSO)	5.84	7.34	7.36	5.08	5.79	6.78	3.26	2.43	2.63	2.84	3.06
Days Inventory Outstanding (DIO)	2.47	3.08	2.67	2.34	1.86	3.13	3.83	3.71	4.54	5.70	6.87
Days Payable Outstanding (DPO)	6.61	9.13	10.02	9.55	10.57	13.49	7.97	6.35	7.48	7.94	8.49
Cash Conversion Cycle (CCC)	1.70	1.28	0.01	-2.13	-2.92	-3.58	-0.88	-0.21	-0.30	0.61	1.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	676	685	687	627	522	629	863	832	786	730	697
Invested Capital Turnover	3.93	2.75	3.05	3.72	3.74	3.36	4.80	5.86	5.42	5.41	4.78
Increase / (Decrease) in Invested Capital	219	8.87	2.91	-60	-105	107	233	-31	-46	-56	-139
Enterprise Value (EV)	639	835	930	792	929	995	1,394	1,391	1,551	1,614	1,579
Market Capitalization	229	369	402	273	394	465	580	608	771	821	770
Book Value per Share	$8.09	$6.60	$5.04	$3.22	$0.00	$2.90	$1.49	$1.40	$0.08	($1.41)	($2.68)
Tangible Book Value per Share	$3.18	$1.53	$0.18	($1.07)	($3.88)	($1.90)	($4.17)	($4.23)	($5.05)	($6.06)	($6.91)
Total Capital	680	688	703	633	537	640	878	852	788	742	710
Total Debt	411	467	532	522	537	530	822	773	757	767	782
Total Long-Term Debt	404	465	529	519	535	527	811	762	754	764	778
Net Debt	410	466	528	518	536	529	814	757	752	764	779
Capital Expenditures (CapEx)	3.77	18	-15	7.08	20	-7.72	27	17	28	-9.06	-68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-10	-8.98	-14	-38	-43	-70	-54	-62	-54	-44	-44
Debt-free Net Working Capital (DFNWC)	-9.17	-7.63	-10	-35	-41	-69	-47	-46	-49	-41	-41
Net Working Capital (NWC)	-17	-9.73	-13	-38	-43	-72	-58	-57	-53	-44	-44
Net Nonoperating Expense (NNE)	11	6.12	129	68	28	14	21	31	41	61	40
Net Nonoperating Obligations (NNO)	407	464	516	516	522	520	806	753	755	755	769
Total Depreciation and Amortization (D&A)	50	56	59	68	56	70	80	83	80	78	92
Debt-free, Cash-free Net Working Capital to Revenue	-0.47%	-0.48%	-0.67%	-1.57%	-1.98%	-3.62%	-1.52%	-1.24%	-1.24%	-1.08%	-1.20%
Debt-free Net Working Capital to Revenue	-0.41%	-0.41%	-0.48%	-1.44%	-1.90%	-3.60%	-1.30%	-0.92%	-1.13%	-0.99%	-1.11%
Net Working Capital to Revenue	-0.75%	-0.52%	-0.62%	-1.54%	-2.01%	-3.73%	-1.61%	-1.15%	-1.20%	-1.07%	-1.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.35	$0.22	$0.56	$0.11	$0.00	$2.87	$0.57	$1.63	$1.06	$0.52	$1.03
Adjusted Weighted Average Basic Shares Outstanding	21.46M	32.16M	33.84M	34.35M	0.00	37.37M	37.88M	37.92M	37.96M	38.03M	38.10M
Adjusted Diluted Earnings per Share	$0.35	$0.22	$0.56	$0.11	$0.00	$2.87	$0.57	$1.63	$1.05	$0.52	$1.02
Adjusted Weighted Average Diluted Shares Outstanding	33.11M	33.52M	33.86M	34.35M	0.00	37.87M	37.88M	38.06M	38.12M	38.17M	38.25M
Adjusted Basic & Diluted Earnings per Share	$0.35	$0.00	$0.00	$0.11	$0.00	$2.87	$0.57	$1.63	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.11M	33.37M	33.84M	34.35M	0.00	37.87M	37.88M	37.92M	37.98M	38.06M	38.14M
Normalized Net Operating Profit after Tax (NOPAT)	8.94	11	23	25	30	22	24	94	79	46	45
Normalized NOPAT Margin	0.40%	0.60%	1.08%	1.00%	1.41%	1.14%	0.67%	1.89%	1.79%	1.12%	1.22%
Pre Tax Income Margin	0.36%	0.55%	0.24%	0.10%	0.78%	5.15%	0.51%	1.30%	1.03%	0.46%	1.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.86	0.75	1.18	1.08	1.62	6.81	2.01	3.01	2.03	1.36	2.04
NOPAT to Interest Expense	1.21	0.74	5.45	2.22	1.72	7.32	2.33	2.96	1.90	1.59	1.69
EBIT Less CapEx to Interest Expense	0.65	-0.05	1.72	0.86	0.89	7.27	0.56	2.48	1.38	1.54	3.46
NOPAT Less CapEx to Interest Expense	1.01	-0.06	5.99	2.01	0.99	7.78	0.87	2.43	1.25	1.77	3.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	576.64%	779.82%	380.68%	1,471.56%	403.63%	72.52%	367.38%	125.33%	187.72%	362.65%	195.34%
Augmented Payout Ratio	608.07%	810.17%	380.68%	1,471.56%	403.63%	72.52%	367.38%	125.33%	187.72%	362.65%	195.34%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	38,135,078.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	38,135,078.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.26
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.05%	-9.79%	-7.34%	-1.05%	-10.81%	-6.94%	-8.40%	-15.13%	-9.94%	-8.25%	-2.39%
EBITDA Growth	-28.94%	2.23%	-79.36%	-1.10%	10.52%	1.06%	351.31%	38.47%	0.50%	-0.95%	43.34%
EBIT Growth	-38.83%	5.54%	-236.55%	1.14%	12.23%	4.99%	116.65%	46.93%	3.47%	-8.02%	1,021.87%
NOPAT Growth	-38.06%	-1.08%	-243.19%	6.09%	2.50%	16.74%	115.34%	45.01%	4.92%	-45.03%	1,273.66%
Net Income Growth	-55.45%	-2.03%	-1,691.62%	-14.53%	-12.89%	0.70%	59.44%	102.58%	26.90%	-39.55%	249.81%
EPS Growth	-56.34%	-4.55%	-1,100.00%	-13.89%	-12.90%	0.00%	58.33%	106.45%	25.93%	-42.86%	230.00%
Operating Cash Flow Growth	-55.81%	9.29%	-49.59%	-19.08%	32.22%	-70.84%	158.72%	-21.65%	-41.91%	164.91%	85.27%
Free Cash Flow Firm Growth	-281.53%	26.57%	-86.64%	201.41%	202.43%	18.81%	-173.19%	-85.57%	5.91%	930.97%	579.11%
Invested Capital Growth	17.02%	-5.56%	-4.57%	-20.64%	-10.32%	-7.06%	2.84%	0.43%	-12.21%	-16.65%	-10.00%
Revenue Q/Q Growth	5.64%	-16.14%	-7.21%	20.37%	-4.78%	-12.50%	-8.66%	11.53%	1.03%	-10.86%	-2.82%
EBITDA Q/Q Growth	-8.15%	6.11%	-86.24%	637.61%	2.64%	-2.97%	-38.56%	126.32%	-25.51%	-4.37%	-11.09%
EBIT Q/Q Growth	-13.20%	11.66%	-147.12%	321.44%	-3.68%	4.45%	-92.52%	1,853.68%	-32.17%	-7.14%	-8.83%
NOPAT Q/Q Growth	-7.66%	25.59%	-133.71%	371.37%	-10.78%	43.04%	-95.57%	2,465.46%	-35.45%	-25.06%	10.69%
Net Income Q/Q Growth	-15.44%	36.21%	-204.76%	170.83%	-13.81%	57.46%	-142.20%	453.73%	-46.01%	-24.99%	4.58%
EPS Q/Q Growth	-13.89%	35.48%	-214.29%	164.58%	-12.90%	55.56%	-147.62%	420.00%	-46.88%	-29.41%	8.33%
Operating Cash Flow Q/Q Growth	-11.19%	20.07%	-84.73%	397.03%	45.12%	-73.52%	35.44%	50.53%	7.59%	20.78%	-5.28%
Free Cash Flow Firm Q/Q Growth	-258.30%	161.75%	-61.43%	691.26%	-46.20%	-28.38%	-124.01%	256.01%	294.81%	21.59%	-36.03%
Invested Capital Q/Q Growth	-1.11%	-18.54%	0.28%	-1.67%	11.76%	-15.58%	10.85%	-3.97%	-2.31%	-8.22%	4.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.30%	10.06%	8.64%	9.24%	10.31%	10.69%	10.41%	10.50%	10.78%	12.37%	11.60%
EBITDA Margin	3.63%	4.59%	0.68%	4.17%	4.50%	4.99%	3.35%	6.80%	5.02%	5.38%	4.92%
Operating Margin	2.00%	2.66%	-1.39%	2.49%	2.51%	3.00%	0.23%	4.31%	2.89%	3.01%	2.82%
EBIT Margin	2.01%	2.68%	-1.36%	2.50%	2.53%	3.02%	0.25%	4.33%	2.91%	3.03%	2.84%
Profit (Net Income) Margin	1.02%	1.65%	-1.86%	1.10%	0.99%	1.79%	-0.83%	2.62%	1.40%	1.18%	1.27%
Tax Burden Percent	89.33%	100.47%	75.16%	87.95%	81.59%	111.62%	66.41%	86.60%	82.59%	66.69%	81.01%
Interest Burden Percent	56.58%	61.37%	182.38%	49.86%	48.09%	52.99%	-502.72%	69.81%	58.26%	58.28%	55.03%
Effective Tax Rate	10.67%	-0.47%	0.00%	12.05%	18.41%	-11.62%	0.00%	13.40%	17.41%	33.31%	18.99%
Return on Invested Capital (ROIC)	8.96%	14.47%	-5.19%	10.75%	9.33%	18.11%	0.82%	18.53%	10.99%	9.59%	10.82%
ROIC Less NNEP Spread (ROIC-NNEP)	7.84%	13.10%	-6.27%	9.29%	8.08%	16.15%	-0.21%	17.19%	9.87%	8.70%	9.80%
Return on Net Nonoperating Assets (RNNOA)	98.44%	179.82%	-181.64%	333.65%	785.74%	4,086.99%	6.02%	-445.21%	-182.96%	-146.54%	-121.61%
Return on Equity (ROE)	107.40%	194.30%	-186.83%	344.40%	795.08%	4,105.09%	6.84%	-426.69%	-171.97%	-136.95%	-110.79%
Cash Return on Invested Capital (CROIC)	-6.32%	15.99%	13.39%	31.56%	19.09%	18.31%	8.34%	12.06%	24.96%	28.80%	23.04%
Operating Return on Assets (OROA)	7.34%	9.63%	-4.88%	9.02%	8.98%	10.78%	0.88%	15.19%	10.21%	10.66%	9.90%
Return on Assets (ROA)	3.71%	5.93%	-6.68%	3.96%	3.52%	6.37%	-2.93%	9.18%	4.91%	4.14%	4.41%
Return on Common Equity (ROCE)	64.56%	98.99%	4.84%	-64.70%	-1,573.03%	-34,921.49%	13.67%	-833.39%	-279.84%	-220.81%	-160.63%
Return on Equity Simple (ROE_SIMPLE)	193.31%	0.00%	-86.14%	-64.21%	-37.83%	0.00%	-38.24%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	22	27	-9.13	25	22	32	1.40	36	23	17	19
NOPAT Margin	1.78%	2.67%	-0.97%	2.19%	2.05%	3.35%	0.16%	3.74%	2.39%	2.01%	2.29%
Net Nonoperating Expense Percent (NNEP)	1.12%	1.37%	1.08%	1.45%	1.26%	1.96%	1.03%	1.33%	1.12%	0.88%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	3.56%	-	-	-	4.43%	0.17%	4.66%	3.13%	2.56%	2.70%
Cost of Revenue to Revenue	91.70%	89.94%	91.36%	90.76%	89.69%	89.31%	89.59%	89.50%	89.22%	87.63%	88.40%
SG&A Expenses to Revenue	4.75%	5.49%	6.25%	5.62%	6.31%	7.00%	7.72%	6.71%	6.59%	7.46%	7.48%
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	6.31%	7.40%	10.03%	6.76%	7.80%	7.69%	10.18%	6.19%	7.89%	9.36%	8.78%
Earnings before Interest and Taxes (EBIT)	24	27	-13	28	27	29	2.13	42	28	26	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	47	6.41	47	49	47	29	65	49	47	41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	33.05	256.53	0.00	0.00	0.00	0.00	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)	0.16	0.18	0.20	0.17	0.19	0.20	0.23	0.21	0.21	0.21	0.21
Price to Earnings (P/E)	18.12	19.23	36.02	34.66	39.03	41.27	30.20	18.75	17.13	19.68	13.65
Dividend Yield	10.91%	10.38%	9.43%	10.86%	10.39%	9.77%	8.73%	10.29%	10.24%	10.44%	10.36%
Earnings Yield	5.52%	5.20%	2.78%	2.88%	2.56%	2.42%	3.31%	5.33%	5.84%	5.08%	7.32%
Enterprise Value to Invested Capital (EV/IC)	1.74	1.97	2.12	2.01	1.97	2.21	2.29	2.17	2.16	2.26	2.23
Enterprise Value to Revenue (EV/Rev)	0.37	0.35	0.39	0.36	0.41	0.39	0.46	0.44	0.44	0.43	0.45
Enterprise Value to EBITDA (EV/EBITDA)	9.97	9.16	11.52	10.77	11.48	10.81	10.79	8.86	8.63	8.32	8.02
Enterprise Value to EBIT (EV/EBIT)	19.19	17.46	25.00	23.17	24.40	22.62	21.48	16.90	16.34	16.07	13.52
Enterprise Value to NOPAT (EV/NOPAT)	20.02	18.66	23.73	20.79	22.74	19.37	20.83	17.37	16.91	19.36	16.86
Enterprise Value to Operating Cash Flow (EV/OCF)	14.74	13.25	14.97	14.85	14.88	18.38	19.10	18.55	22.44	17.25	15.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.99	15.44	5.62	9.78	11.63	27.81	17.98	8.10	7.15	9.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	18.70	24.62	-439.43	-96.57	-29.81	-30.96	-16.24	-15.80	-13.45	-10.85	-10.48
Long-Term Debt to Equity	17.93	24.52	-437.71	-96.18	-28.57	-30.82	-15.55	-15.11	-12.84	-10.81	-10.35
Financial Leverage	12.56	13.72	28.99	35.90	97.30	253.06	-28.46	-25.89	-18.53	-16.84	-12.41
Leverage Ratio	18.67	22.20	44.70	50.24	126.10	384.79	-38.97	-35.19	-22.98	-21.48	-15.50
Compound Leverage Factor	10.56	13.62	81.52	25.05	60.64	203.89	195.93	-24.56	-13.39	-12.52	-8.53
Debt to Total Capital	94.92%	96.10%	100.23%	101.05%	103.47%	103.34%	106.56%	106.76%	108.03%	110.15%	110.55%
Short-Term Debt to Total Capital	3.92%	0.39%	0.39%	0.41%	4.31%	0.44%	4.48%	4.67%	4.88%	0.49%	1.32%
Long-Term Debt to Total Capital	91.00%	95.70%	99.84%	100.64%	99.16%	102.90%	102.08%	102.09%	103.15%	109.66%	109.23%
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	2.79%	3.52%	3.56%	3.72%	3.20%	3.91%	3.46%	3.79%	3.86%	4.27%	4.17%
Common Equity to Total Capital	2.29%	0.38%	-3.79%	-4.77%	-6.67%	-7.24%	-10.02%	-10.54%	-11.89%	-14.41%	-14.71%
Debt to EBITDA	5.48	4.47	5.52	5.48	6.15	5.14	5.32	4.50	4.38	4.12	4.06
Net Debt to EBITDA	5.45	4.44	5.48	5.44	6.10	5.12	5.29	4.45	4.35	4.10	4.03
Long-Term Debt to EBITDA	5.25	4.45	5.50	5.46	5.90	5.12	5.10	4.31	4.18	4.10	4.02
Debt to NOPAT	11.01	9.10	11.37	10.58	12.19	9.21	10.28	8.83	8.58	9.59	8.54
Net Debt to NOPAT	10.94	9.04	11.28	10.50	12.08	9.17	10.21	8.73	8.52	9.55	8.47
Long-Term Debt to NOPAT	10.55	9.07	11.33	10.53	11.68	9.17	9.85	8.44	8.19	9.54	8.44
Altman Z-Score	4.08	4.14	4.01	4.11	4.12	4.15	4.17	4.28	4.23	4.28	4.09
Noncontrolling Interest Sharing Ratio	39.89%	49.05%	102.59%	118.79%	297.85%	950.69%	-99.85%	-95.32%	-62.72%	-61.23%	-44.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.67	0.77	0.76	0.73	0.73	0.93	0.77	0.71	0.72	0.75
Quick Ratio	0.25	0.23	0.27	0.27	0.23	0.22	0.22	0.26	0.25	0.21	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-119	73	29	226	122	87	-21	33	129	157	100
Operating Cash Flow to CapEx	320.40%	325.67%	95.27%	0.00%	8,667.15%	0.00%	1,099.12%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-11.25	6.99	2.71	15.92	8.59	6.50	-1.63	2.60	10.93	14.32	9.32
Operating Cash Flow to Interest Expense	3.00	3.63	0.55	2.03	2.96	0.83	1.17	1.80	2.07	2.69	2.59
Operating Cash Flow Less CapEx to Interest Expense	2.07	2.52	-0.03	2.42	2.93	1.59	1.06	5.95	3.37	2.89	3.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.65	3.60	3.59	3.61	3.55	3.57	3.55	3.51	3.51	3.52	3.49
Accounts Receivable Turnover	122.18	138.83	132.26	115.55	116.28	128.35	122.73	106.52	111.50	119.13	118.76
Inventory Turnover	81.75	80.36	74.19	67.70	65.79	64.06	60.75	56.19	54.85	53.10	51.31
Fixed Asset Turnover	6.23	6.12	6.12	6.17	6.08	6.02	6.19	6.05	6.06	6.08	6.09
Accounts Payable Turnover	46.05	48.83	51.15	46.38	41.95	46.00	45.26	42.25	39.76	42.99	38.98
Days Sales Outstanding (DSO)	2.99	2.63	2.76	3.16	3.14	2.84	2.97	3.43	3.27	3.06	3.07
Days Inventory Outstanding (DIO)	4.46	4.54	4.92	5.39	5.55	5.70	6.01	6.50	6.66	6.87	7.11
Days Payable Outstanding (DPO)	7.93	7.48	7.14	7.87	8.70	7.94	8.06	8.64	9.18	8.49	9.36
Cash Conversion Cycle (CCC)	-0.47	-0.30	0.54	0.68	-0.02	0.61	0.92	1.28	0.75	1.45	0.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	965	786	787	774	865	730	810	777	759	697	729
Invested Capital Turnover	5.03	5.42	5.35	4.91	4.56	5.41	5.03	4.96	4.60	4.78	4.74
Increase / (Decrease) in Invested Capital	140	-46	-38	-201	-100	-56	22	3.30	-106	-139	-81
Enterprise Value (EV)	1,678	1,551	1,667	1,552	1,708	1,614	1,853	1,683	1,642	1,579	1,622
Market Capitalization	734	771	846	739	772	821	915	807	785	770	776
Book Value per Share	$0.59	$0.08	($0.80)	($0.98)	($1.55)	($1.41)	($2.26)	($2.22)	($2.41)	($2.68)	($2.87)
Tangible Book Value per Share	($4.63)	($5.05)	($5.79)	($5.85)	($6.31)	($6.06)	($6.79)	($6.64)	($6.72)	($6.91)	($7.00)
Total Capital	972	788	797	782	885	742	858	801	771	710	744
Total Debt	922	757	799	790	915	767	915	855	833	782	822
Total Long-Term Debt	884	754	796	787	877	764	876	818	796	778	812
Net Debt	917	752	793	784	907	764	908	846	828	779	815
Capital Expenditures (CapEx)	9.90	12	6.11	-5.43	0.48	-10	1.37	-52	-15	-2.19	-9.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-22	-54	-40	-42	-17	-44	19	-9.11	-15	-44	-40
Debt-free Net Working Capital (DFNWC)	-16	-49	-33	-37	-8.98	-41	26	0.61	-9.24	-41	-33
Net Working Capital (NWC)	-54	-53	-37	-40	-47	-44	-12	-37	-47	-44	-43
Net Nonoperating Expense (NNE)	9.28	10	8.41	12	11	15	8.52	11	9.61	7.19	8.58
Net Nonoperating Obligations (NNO)	915	755	789	782	896	755	866	832	821	769	807
Total Depreciation and Amortization (D&A)	20	19	19	19	21	19	27	24	21	20	18
Debt-free, Cash-free Net Working Capital to Revenue	-0.48%	-1.24%	-0.92%	-0.98%	-0.40%	-1.08%	0.48%	-0.24%	-0.40%	-1.20%	-1.10%
Debt-free Net Working Capital to Revenue	-0.35%	-1.13%	-0.78%	-0.85%	-0.22%	-0.99%	0.65%	0.02%	-0.25%	-1.11%	-0.90%
Net Working Capital to Revenue	-1.20%	-1.20%	-0.85%	-0.93%	-1.13%	-1.07%	-0.30%	-0.96%	-1.25%	-1.21%	-1.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)	$0.64	$0.34	$0.25	$0.26
Adjusted Weighted Average Basic Shares Outstanding	37.97M	37.96M	37.99M	38.03M	38.04M	38.03M	38.07M	38.10M	38.11M	38.10M	38.14M
Adjusted Diluted Earnings per Share	$0.31	$0.42	($0.48)	$0.31	$0.27	$0.42	($0.20)	$0.64	$0.34	$0.24	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	38.14M	38.12M	37.99M	38.20M	38.20M	38.17M	38.07M	39.55M	38.27M	38.25M	38.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.97M	37.98M	38.03M	38.05M	38.05M	38.06M	38.10M	38.12M	38.12M	38.14M	38.15M
Normalized Net Operating Profit after Tax (NOPAT)	21	19	2.63	20	18	12	-2.13	11	17	15	14
Normalized NOPAT Margin	1.76%	1.89%	0.28%	1.75%	1.69%	1.25%	-0.25%	1.18%	1.76%	1.74%	1.70%
Pre Tax Income Margin	1.14%	1.64%	-2.48%	1.25%	1.22%	1.60%	-1.24%	3.02%	1.69%	1.76%	1.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.30	2.59	-1.21	1.99	1.93	2.13	0.17	3.31	2.40	2.40	2.22
NOPAT to Interest Expense	2.04	2.58	-0.87	1.74	1.56	2.36	0.11	2.86	1.97	1.59	1.79
EBIT Less CapEx to Interest Expense	1.37	1.47	-1.79	2.38	1.89	2.89	0.06	7.46	3.70	2.60	3.12
NOPAT Less CapEx to Interest Expense	1.10	1.47	-1.45	2.13	1.53	3.12	0.00	7.01	3.27	1.79	2.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	188.23%	187.72%	307.27%	334.11%	360.39%	362.65%	247.81%	178.68%	168.06%	195.34%	137.15%
Augmented Payout Ratio	188.23%	187.72%	307.27%	334.11%	360.39%	362.65%	247.81%	178.68%	168.06%	195.34%	137.15%

Financials Breakdown Chart

Key Financial Trends

MarketBeat's quick take on CrossAmerica Partners (CAPL) over the last four fiscal years shows a mix of margin improvement, steady cash generation, and leverage reduction, but ongoing top-line pressure and cost containment remain key questions for investors.

Gross margin improvement in late 2025: Q4 2025 gross margin was about 12.3% (107.131M gross profit on 866.287M revenue), up from roughly 10.7% in Q4 2024, signaling improved profitability on product sales.
Operating cash flow trending higher in 2025: Net cash from continuing operating activities rose to 29.431M in Q4 2025, with prior 2025 quarters showing 24.368M (Q3 2025) and 22.650M (Q2 2025), signaling stronger cash generation from core operations.
Stable, recurring dividends: CAPL maintained a quarterly dividend of 0.525 per share across 2025 (and surrounding periods), providing a predictable income stream for investors.
Balance sheet de-leveraging in 2025: Long-term debt declined from about 769.2M in Q1 2025 to 700.8M in Q3 2025, indicating progress in reducing leverage.
Consistent profitability to common shareholders in 2025: Net income attributable to common shareholders was positive in several 2025 quarters (Q4 2025: 9.51M; Q3 2025: 12.89M; Q2 2025: 24.49M), suggesting ongoing earnings generation.
Free cash flow potential in Q4 2025: Approximate quarterly free cash flow was about 22.36M (OCF 29.431M minus capex 7.072M), highlighting available cash after sustaining investments.
Sizable asset base supports operations: PPE net around 569M (Q3 2025: 568.89M), underscoring a substantial fixed asset base for operations.
Top-line pressure persists (historical trend): Revenue declined from about 1.124B in Q4 2022 to about 0.866B in Q4 2025, indicating ongoing top-line pressure that investors should monitor.
Moderate, steady capex footprint: 2025 quarterly capex ranged roughly 6.7M–11.8M (e.g., 7.07M in Q4 2025; 6.70M in Q3 2025; 11.84M in Q2 2025; 10.11M in Q1 2025), suggesting limited growth-oriented investment.
Margin compression from rising SG&A in Q4 2025: SG&A climbed to 64.59M in Q4 2025, which, given the revenue base, implies a higher cost ratio (about 7.5% of revenue) and pressures on overall margins.

05/09/26 06:51 AM ETAI Generated. May Contain Errors.

CrossAmerica Partners Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CrossAmerica Partners' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

CrossAmerica Partners' net income appears to be on an upward trend, with a most recent value of $41.83 million in 2025, rising from $11.46 million in 2015. The previous period was $22.45 million in 2024. See CrossAmerica Partners' forecast for analyst expectations on what's next for the company.

CrossAmerica Partners' total operating income in 2025 was $97.65 million, based on the following breakdown:

Total Gross Profit: $402.71 million
Total Operating Expenses: $305.06 million

Over the last 10 years, CrossAmerica Partners' total revenue changed from $2.23 billion in 2015 to $3.66 billion in 2025, a change of 64.5%.

CrossAmerica Partners' total liabilities were at $1.04 billion at the end of 2025, a 9.0% decrease from 2024, and a 75.0% increase since 2015.

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 $3.14 million as of their latest financial filing in 2025.

Over the last 10 years, CrossAmerica Partners' book value per share changed from 8.09 in 2015 to -2.68 in 2025, a change of -133.2%.

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Financial statements for NYSE:CAPL last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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CrossAmerica Partners (CAPL) Financials

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