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 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
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
FCF
Total debt
Cash
2025
$3.7B
$42M
11.0%
2.7%
$56M
$693M
$3M
2024
$4.1B
$22M
9.7%
1.7%
$61M
$772M
$3M
2023
$4.4B
$43M
8.7%
2.0%
$82M
$764M
$5M
2022
$5.0B
$64M
7.6%
1.9%
$131M
$768M
$16M
2021
$3.6B
$22M
7.7%
1.0%
$54M
$819M
$8M
2020
$1.9B
$107M
11.0%
6.0%
$67M
$531M
$513000
2019
$2.1B
$18M
7.2%
2.0%
$48M
$539M
$2M
2018
$2.4B
$5M
7.1%
1.4%
$76M
$521M
$3M
2017
$2.1B
$23M
7.7%
1.5%
$76M
$531M
$4M
2016
$1.9B
$11M
8.3%
1.7%
$59M
$469M
$1M
2015
—
$11M
—
—
$54M
$439M
$1M
2014
—
-$6M
—
—
$15M
$283M
$15M
2013
—
$18M
—
—
$23M
$174M
$4M
2012
—
-$1M
—
—
—
$184M
$5M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$842M
$11M
11.6%
2.8%
$24M
$732M
$7M
Dec '25
$866M
$10M
12.4%
3.0%
$22M
$693M
$3M
Sep '25
$972M
$14M
10.8%
2.9%
$18M
—
$6M
Jun '25
$962M
$25M
10.5%
4.3%
$11M
—
$10M
Mar '25
$862M
-$7M
10.4%
0.2%
$5M
—
$7M
Dec '24
$944M
$17M
10.7%
3.0%
$4M
$772M
$3M
Sep '24
$1.1B
$11M
10.3%
2.5%
$34M
—
$8M
Jun '24
$1.1B
$12M
9.2%
2.5%
$24M
—
$5M
Mar '24
$942M
-$18M
8.6%
-1.4%
-$289000
—
$6M
Dec '23
$1.0B
$17M
10.1%
2.7%
$25M
$764M
$5M
Sep '23
$1.2B
$12M
8.3%
2.0%
$21M
$771M
$6M
Jun '23
$1.1B
$15M
8.5%
2.4%
$30M
$771M
$4M
Mar '23
$1.0B
-$979000
8.1%
0.9%
$6M
$788M
$8M
Dec '22
$1.1B
$17M
8.3%
2.3%
$31M
$768M
$16M
Sep '22
$1.3B
$28M
9.0%
3.1%
$61M
$759M
$12M
Jun '22
$1.5B
$14M
6.0%
1.4%
$19M
$795M
$4M
Mar '22
$1.1B
$5M
7.2%
0.9%
$19M
$807M
$11M
Dec '21
$1.1B
$12M
7.5%
1.5%
$10M
$819M
$8M
Sep '21
$985M
$9M
7.7%
1.3%
$25M
$804M
$8M
Jun '21
$859M
$5M
7.6%
0.9%
$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 20.2× (Jun '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.2× (Jun '26).
The dividend yield has fallen from 9.5% (Mar '23) to 9.5% (Jun '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?
As of Jun '26, CrossAmerica Partners LP traded at a price-to-earnings ratio of about 20.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.