CAPL Financials CrossAmerica Partners LP

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Jun 29, 2026, 12:58 UTC Overview →

Growth & profitability

Revenue has grown 13.6% per year over the past 5 years.
Net income has grown slower than revenue (-17.2% vs 13.6% per year).
Operating margin has contracted, at 2.7% in the latest year.
Free cash flow has declined 3.7% per year over the past 5 years.

Financial health

Total debt ($693M) exceeds cash ($3M); net debt is $690M.
Total debt has grown slower than revenue (5.5% vs 13.6% per year).
Operating income covered interest expense 2.0× in the latest year, down from 7.0× 5 years ago.
Total debt is 3.7× EBITDA.

Shareholder returns

Dividends have been paid for 11 consecutive years, consuming 191.3% of earnings and 143.5% of free cash flow.
The dividend has grown 0.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$3.7B	$42M	11.0%	2.7%	—	4.3%	$56M	$693M	$3M
2024	$4.1B	$22M	9.7%	1.7%	—	2.0%	$61M	$772M	$3M
2023	$4.4B	$43M	8.7%	2.0%	—	3.6%	$82M	$764M	$5M
2022	$5.0B	$64M	7.6%	1.9%	—	5.1%	$131M	$768M	$16M
2021	$3.6B	$22M	7.7%	1.0%	—	1.7%	$54M	$819M	$8M
2020	$1.9B	$107M	11.0%	6.0%	—	10.6%	$67M	$531M	$513000
2019	$2.1B	$18M	7.2%	2.0%	—	2.0%	$48M	$539M	$2M
2018	$2.4B	$5M	7.1%	1.4%	—	0.6%	$76M	$521M	$3M
2017	$2.1B	$23M	7.7%	1.5%	—	2.4%	$76M	$531M	$4M
2016	$1.9B	$11M	8.3%	1.7%	—	1.1%	$59M	$469M	$1M
2015	—	$11M	—	—	—	1.3%	$54M	$439M	$1M
2014	—	-$6M	—	—	—	-1.0%	$15M	$283M	$15M
2013	—	$18M	—	—	—	4.6%	$23M	$174M	$4M
2012	—	-$1M	—	—	—	-0.4%	—	$184M	$5M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Mar '26	$842M	$11M	11.6%	2.8%	—	1.1%	$24M	$732M	$7M
Dec '25	$866M	$10M	12.4%	3.0%	—	1.1%	$22M	$693M	$3M
Sep '25	$972M	$14M	10.8%	2.9%	—	1.4%	$18M	—	$6M
Jun '25	$962M	$25M	10.5%	4.3%	—	2.4%	$11M	—	$10M
Mar '25	$862M	-$7M	10.4%	0.2%	—	-0.7%	$5M	—	$7M
Dec '24	$944M	$17M	10.7%	3.0%	—	1.5%	$4M	$772M	$3M
Sep '24	$1.1B	$11M	10.3%	2.5%	—	0.9%	$34M	—	$8M
Jun '24	$1.1B	$12M	9.2%	2.5%	—	1.1%	$24M	—	$5M
Mar '24	$942M	-$18M	8.6%	-1.4%	—	-1.5%	-$289000	—	$6M
Dec '23	$1.0B	$17M	10.1%	2.7%	—	1.4%	$25M	$764M	$5M
Sep '23	$1.2B	$12M	8.3%	2.0%	—	1.0%	$21M	$771M	$6M
Jun '23	$1.1B	$15M	8.5%	2.4%	—	1.2%	$30M	$771M	$4M
Mar '23	$1.0B	-$979000	8.1%	0.9%	—	-0.1%	$6M	$788M	$8M
Dec '22	$1.1B	$17M	8.3%	2.3%	—	1.4%	$31M	$768M	$16M
Sep '22	$1.3B	$28M	9.0%	3.1%	—	2.2%	$61M	$759M	$12M
Jun '22	$1.5B	$14M	6.0%	1.4%	—	1.1%	$19M	$795M	$4M
Mar '22	$1.1B	$5M	7.2%	0.9%	—	0.4%	$19M	$807M	$11M
Dec '21	$1.1B	$12M	7.5%	1.5%	—	0.9%	$10M	$819M	$8M
Sep '21	$985M	$9M	7.7%	1.3%	—	0.7%	$25M	$804M	$8M
Jun '21	$859M	$5M	7.6%	0.9%	—	0.5%	$12M	—	$621000

Valuation over time

How the market has priced CAPL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 13.1× (Mar '23) to 19.2× (Nov '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.2× (Nov '26).
The dividend yield has risen from 9.5% (Mar '23) to 10.0% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CAPL growing its revenue and profit?

Over the past 5 years, CrossAmerica Partners LP's revenue has grown 13.6% per year, and net income declined 17.2% per year. These are computed facts, not advice.

How much debt does CAPL have?

As of FY2025, CrossAmerica Partners LP reported $693M of total debt against $3M of cash; operating income covered interest expense 2.0×.

What is CAPL's profit margin?

In FY2025, gross margin was 11.0%, operating margin 2.7%, and net margin 1.1%.

What is CAPL's P/E ratio?

CrossAmerica Partners LP's P/E (TTM) is 14.53 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CAPL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 19.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.