CrossAmerica Partners LP
CrossAmerica Partners LP
CrossAmerica Partners LP (CAPL) — SEC Financial Statements & Analysis
CrossAmerica Partners LP (CAPL) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 7 | 3 | 6 | 10 | 7 | 3 | 8 | 5 | 6 | 5 | 6 | 4 | |||||
Accounts Receivable Net Current | 31 | 29 | 34 | 32 | 29 | 32 | 32 | 39 | 35 | 31 | 39 | 35 | |||||
Assets Current | |||||||||||||||||
Accounts Receivable Related Parties Current | - | - | - | - | - | - | - | - | - | - | - | 1 | |||||
Assets Current | 125 | 111 | 117 | 125 | 151 | 119 | 126 | 126 | 123 | 109 | 123 | 116 | |||||
Inventory Net | 65 | 60 | 61 | 59 | 61 | 63 | 61 | 64 | 58 | 52 | 54 | 52 | |||||
Assets Of Disposal Group Including Discontinued Op… | 8 | 10 | 6 | 14 | 42 | 9 | 12 | 2 | 5 | 0 | 1 | 1 | |||||
Derivative Assets Current | 1 | 1 | 1 | 2 | 2 | 3 | 2 | 6 | 7 | 9 | 13 | 15 | |||||
Other Assets Current | 12 | 9 | 9 | 7 | 10 | 8 | 11 | 8 | 11 | 10 | 11 | 8 | |||||
Property Plant And Equipment Net | 589 | 548 | 569 | 587 | 606 | 656 | 665 | 685 | 693 | 705 | 706 | 709 | |||||
Operating Lease Right Of Use Asset | 108 | 122 | 125 | 125 | 132 | 136 | 138 | 142 | 146 | 148 | 153 | 157 | |||||
Intangible Assets Net Excluding Goodwill | 58 | 62 | 65 | 69 | 73 | 77 | 82 | 86 | 90 | 95 | 99 | 103 | |||||
Goodwill | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | 99 | |||||
Deferred Income Tax Assets Net | 1 | 1 | 1 | 2 | 2 | 1 | 0 | 1 | 1 | 1 | - | - | |||||
Derivative Assets Noncurrent | 1 | 0 | 0 | 0 | 2 | 5 | 0 | 5 | 4 | 1 | 9 | 5 | |||||
Other Assets Noncurrent | 21 | 22 | 22 | 21 | 20 | 20 | 20 | 21 | 22 | 24 | 27 | 28 | |||||
Assets | 1,003 | 965 | 999 | 1,028 | 1,087 | 1,115 | 1,130 | 1,165 | 1,179 | 1,182 | 1,217 | 1,218 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Long Term Debt And Capital Lease Obligations Curre… | 10 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Operating Lease Liability Current | 25 | 35 | 34 | 34 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | |||||
Accounts Payable Current | 77 | 63 | 72 | 73 | 74 | 74 | 82 | 75 | 71 | 69 | 80 | 77 | |||||
Due To Related Parties Current | - | - | - | - | - | - | - | - | - | - | - | 9 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 168 | 155 | 164 | 162 | 164 | 163 | 173 | 165 | 160 | 161 | 177 | 170 | |||||
Derivative Liabilities Current | 0 | 1 | 0 | 0 | 0 | - | 0 | - | - | - | - | - | |||||
Accrued Liabilities Current | 29 | 27 | 29 | 25 | 26 | 24 | 26 | 24 | 25 | 24 | 28 | 25 | |||||
Sales And Excise Tax Payable Current | 19 | 19 | 19 | 19 | 18 | 19 | 19 | 20 | 19 | 20 | 21 | 21 | |||||
Long Term Debt And Capital Lease Obligations | 726 | 687 | 701 | 723 | 774 | 764 | 769 | 787 | 796 | 754 | 761 | 760 | |||||
Operating Lease Liability Noncurrent | 86 | 91 | 95 | 95 | 102 | 106 | 108 | 112 | 116 | 119 | 123 | 127 | |||||
Deferred Income Tax Liabilities Net | 7 | 7 | 5 | 6 | 5 | 7 | 7 | 8 | 8 | 13 | 12 | 11 | |||||
Asset Retirement Obligations Noncurrent | 45 | 45 | 45 | 46 | 48 | 48 | 49 | 49 | 48 | 48 | 48 | 47 | |||||
Derivative Liabilities Noncurrent | 1 | 1 | 2 | 2 | 1 | 0 | 4 | 0 | 1 | 4 | - | - | |||||
Other Liabilities Noncurrent | 49 | 49 | 49 | 48 | 49 | 50 | 51 | 52 | 52 | 53 | 47 | 46 | |||||
Liabilities | 1,081 | 1,037 | 1,061 | 1,083 | 1,143 | 1,140 | 1,161 | 1,173 | 1,181 | 1,151 | 1,168 | 1,162 | |||||
Partners Capital Including Portion Attributable To… | -109 | -102 | -92 | -84 | -86 | -54 | -59 | -37 | -30 | 3 | 22 | 28 | |||||
Partners Capital | |||||||||||||||||
Members Equity Attributable To Noncontrolling Inte… | 31 | 30 | 30 | 30 | 30 | 29 | 28 | 29 | 28 | 28 | 27 | 27 | |||||
Limited Partners Capital Account | -111 | -101 | -91 | -84 | -89 | -61 | -57 | -48 | -40 | -2 | 1 | 9 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 2 | -1 | -1 | -0 | 3 | 8 | -2 | 11 | 9 | 5 | 21 | 19 | |||||
Liabilities And Stockholders Equity | 1,003 | 965 | 999 | 1,028 | 1,087 | 1,115 | 1,130 | 1,165 | 1,179 | 1,182 | 1,217 | 1,218 | |||||
Allowance For Doubtful Accounts Receivable Current | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Limited Partners Capital Account Units Issued | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | |||||
Limited Partners Capital Account Units Outstanding | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.34% | 7.48% | - | - | - | - | - | - | - | - | - | - |
| 2025 | -3.01% | -6.11% | -0.36% | 3.17% | 6.05% | 4.56% | 1.80% | 4.04% | 12.38% | 11.53% | 6.72% | 19.27% |
| 2024 | -4.12% | -6.10% | -4.78% | -1.99% | 3.19% | 6.83% | -1.20% | 4.40% | 6.75% | 2.83% | 0.30% | 3.31% |
| 2023 | -4.51% | 0.92% | 3.69% | 4.24% | 14.88% | 18.38% | 8.94% | 7.29% | 12.99% | 5.36% | 5.27% | -4.96% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.75 | 0.72 | 0.71 | 0.77 | 0.93 | 0.73 | 0.73 | 0.76 | 0.77 | 0.67 | 0.70 | 0.68 | |||||
| Quick Ratio | 0.36 | 0.33 | 0.34 | 0.41 | 0.55 | 0.34 | 0.37 | 0.37 | 0.41 | 0.35 | 0.39 | 0.38 | |||||
| Working Capital | -42.64M | -44.14M | -46.86M | -36.81M | -12.24M | -44.02M | -47.06M | -39.84M | -36.55M | -52.57M | -53.94M | -54.19M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -13.78 | -14.39 | -17.12 | -19.99 | -20.29 | -45.98 | -37.81 | -143.40 | -649.78 | 37.43 | 23.68 | 20.90 | |||||
| Interest Coverage TTM | 2.59 | 2.03 | 1.97 | 1.87 | 1.57 | 1.35 | 1.40 | 1.45 | 1.56 | 2.01 | 2.01 | 2.50 | |||||
| Debt Ratio | 1.08 | 1.07 | 1.06 | 1.05 | 1.05 | 1.02 | 1.03 | 1.01 | 1.00 | 0.97 | 0.96 | 0.95 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 3.49 | 3.52 | 3.51 | 3.51 | 3.55 | 3.57 | 3.55 | 3.61 | 3.59 | 3.60 | 3.65 | 3.66 | |||||
| Days Sales Outstanding TTM | 3.00 | 3.00 | 3.22 | 3.38 | 2.90 | 2.80 | 3.09 | 3.13 | 2.69 | 2.58 | 2.93 | 3.33 | |||||
| Receivables Turnover TTM | 121.64 | 121.74 | 113.34 | 107.93 | 125.94 | 130.54 | 117.96 | 116.73 | 135.47 | 141.47 | 124.39 | 109.65 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.56 | 1.09 | 1.27 | 1.15 | 0.86 | 0.59 | 0.58 | 0.63 | 0.69 | 1.12 | 1.13 | 1.53 | |||||
| Free Cash Flow Per Share TTM | 1.97 | 1.46 | 0.98 | 1.41 | 1.75 | 1.62 | 2.17 | 1.84 | 2.02 | 2.17 | 2.33 | 3.39 | |||||
| Dividend Per Share TTM | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 11.27% | 11.00% | 10.60% | 10.47% | 10.12% | 9.72% | 9.58% | 9.04% | 8.85% | 8.72% | 8.31% | 8.50% | |||||
| Operating Profit Margin TTM | 3.28% | 2.67% | 2.67% | 2.57% | 2.13% | 1.72% | 1.66% | 1.54% | 1.53% | 2.01% | 1.93% | 2.24% | |||||
| Net Profit Margin TTM | 1.64% | 1.14% | 1.30% | 1.19% | 0.82% | 0.55% | 0.54% | 0.56% | 0.60% | 0.97% | 0.95% | 1.28% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -9.39% | -10.63% | -10.27% | -10.51% | -6.78% | -6.57% | -7.29% | -5.73% | -11.83% | -11.70% | -8.61% | -1.51% | |||||
| Net Income Growth (1Y) | 81.30% | 86.31% | 117.16% | 90.74% | 26.30% | -47.28% | -47.98% | -58.93% | -54.86% | -33.13% | -26.71% | 46.17% | |||||
| EPS Growth (1Y) | 80.97% | 85.95% | 116.76% | 90.38% | 26.04% | -47.38% | -48.09% | -59.01% | -54.93% | -33.20% | -26.79% | 46.01% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 12.97 | 17.87 | 15.35 | 15.83 | 25.24 | 32.30 | 29.84 | 26.00 | 26.78 | 15.99 | 14.75 | 9.62 | |||||
| P/B | -9.85 | -10.38 | -12.02 | -13.34 | -14.73 | -29.26 | -21.71 | -76.05 | -383.49 | 22.15 | 12.85 | 10.08 | |||||
| P/S TTM | 0.21 | 0.20 | 0.20 | 0.19 | 0.21 | 0.18 | 0.16 | 0.14 | 0.16 | 0.16 | 0.14 | 0.12 | |||||
| Market Cap | 773.04M | 747.69M | 744.59M | 722.37M | 829.69M | 725.27M | 666.45M | 621.98M | 697.18M | 681.25M | 633.46M | 560.26M | |||||
| Enterprise Value | 1.50B | 1.44B | 1.44B | 1.44B | 1.60B | 1.49B | 1.43B | 1.41B | 1.49B | 1.43B | 1.39B | 1.32B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 75.29M | 55.77M | 37.33M | 53.89M | 66.69M | 61.46M | 82.69M | 69.83M | 76.63M | 82.46M | 88.60M | 128.65M | |||||
| Net Debt | 728.66M | 687.52M | 698.44M | 716.35M | 770.64M | 763.82M | 764.70M | 784.37M | 792.61M | 751.97M | 757.93M | 758.56M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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