Crossamerica Partners Lp Financials
This page shows Crossamerica Partners Lp (CAPL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Crossamerica Partners Lp has an operating margin of 1.7%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is down from 2.0% the prior year.
Crossamerica Partners Lp's revenue declined 6.6% year-over-year, from $4.4B to $4.1B. This contraction results in a growth score of 10/100.
Crossamerica Partners Lp's current ratio of 0.73 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 9/100, which could limit financial flexibility.
Crossamerica Partners Lp's free cash flow margin of 1.5% results in a low score of 8/100. Capital expenditures of $26.3M absorb a large share of operating cash flow.
Crossamerica Partners Lp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Crossamerica Partners Lp generates $3.91 in operating cash flow ($87.8M OCF vs $22.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Crossamerica Partners Lp earns $1.3 in operating income for every $1 of interest expense ($70.6M vs $52.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Crossamerica Partners Lp generated $4.1B in revenue in fiscal year 2024. This represents a decrease of 6.6% from the prior year.
Crossamerica Partners Lp's EBITDA was $146.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11.3% from the prior year.
Crossamerica Partners Lp generated $61.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 25.5% from the prior year.
Crossamerica Partners Lp reported $22.5M in net income in fiscal year 2024. This represents a decrease of 47.3% from the prior year.
Crossamerica Partners Lp earned $0.52 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 50.5% from the prior year.
Crossamerica Partners Lp held $3.4M in cash against $772.2M in long-term debt as of fiscal year 2024.
Crossamerica Partners Lp's gross margin was 9.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Crossamerica Partners Lp's operating margin was 1.7% in fiscal year 2024, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Crossamerica Partners Lp's net profit margin was 0.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.
Crossamerica Partners Lp invested $26.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 24.0% from the prior year.
CAPL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $971.8M+1.0% | $961.9M+11.5% | $862.5M-8.7% | $944.2M-16.7% | $1.1B+20.4% | $941.5M-7.2% | $1.0B-16.1% | $1.2B |
| Cost of Revenue | $867.1M+0.7% | $860.9M+11.4% | $772.7M-8.4% | $843.2M-18.0% | $1.0B+19.6% | $860.2M-5.7% | $912.6M-17.7% | $1.1B |
| Gross Profit | $104.8M+3.7% | $101.0M+12.4% | $89.8M-11.1% | $101.0M-3.6% | $104.8M+28.8% | $81.3M-20.3% | $102.0M+1.6% | $100.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.5M-1.2% | $6.6M-14.3% | $7.7M+14.2% | $6.7M-14.9% | $7.9M+15.4% | $6.8M-1.5% | $6.9M+0.9% | $6.9M |
| Operating Income | $28.1M-32.3% | $41.5M+1973.8% | $2.0M-92.9% | $28.3M+0.6% | $28.2M+316.0% | -$13.0M-148.4% | $27.0M+11.7% | $24.1M |
| Interest Expense | $11.8M-6.2% | $12.6M-2.1% | $12.8M-4.2% | $13.4M-5.7% | $14.2M+34.8% | $10.5M+0.5% | $10.5M-0.7% | $10.6M |
| Income Tax | $2.9M-26.5% | $3.9M+208.3% | -$3.6M-105.0% | -$1.8M-203.1% | $1.7M+129.4% | -$5.8M-7332.1% | -$78K-105.3% | $1.5M |
| Net Income | $13.6M-46.0% | $25.2M+453.7% | -$7.1M-142.2% | $16.9M+35.7% | $12.4M+170.8% | -$17.5M-204.8% | $16.7M+36.2% | $12.3M |
| EPS (Diluted) | $0.34-46.9% | $0.64+420.0% | $-0.20-147.6% | $0.42+35.5% | $0.31+164.6% | $-0.48-214.3% | $0.42+35.5% | $0.31 |
CAPL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $998.9M-2.9% | $1.0B-5.3% | $1.1B-2.5% | $1.1B-4.3% | $1.2B-1.3% | $1.2B-0.2% | $1.2B-2.9% | $1.2B |
| Current Assets | $117.4M-6.4% | $125.3M-17.3% | $151.4M+27.4% | $118.8M-5.4% | $125.6M+1.8% | $123.3M+13.6% | $108.5M-12.0% | $123.3M |
| Cash & Equivalents | $5.8M-40.7% | $9.7M+44.0% | $6.7M+99.6% | $3.4M-38.4% | $5.5M-12.6% | $6.3M+25.8% | $5.0M-13.8% | $5.8M |
| Inventory | $61.0M+3.3% | $59.0M-3.1% | $60.9M-3.6% | $63.2M-0.7% | $63.6M+9.6% | $58.0M+10.9% | $52.3M-2.4% | $53.6M |
| Accounts Receivable | $34.1M+5.2% | $32.4M+12.6% | $28.7M-9.1% | $31.6M-18.8% | $38.9M+11.0% | $35.1M+12.5% | $31.2M-19.5% | $38.7M |
| Goodwill | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M |
| Total Liabilities | $1.1B-2.0% | $1.1B-5.3% | $1.1B+0.3% | $1.1B-2.8% | $1.2B-0.7% | $1.2B+2.6% | $1.2B-1.5% | $1.2B |
| Current Liabilities | $164.2M+1.3% | $162.1M-1.0% | $163.7M+0.5% | $162.8M-1.5% | $165.4M+3.5% | $159.9M-0.8% | $161.1M-9.1% | $177.2M |
| Long-Term Debt | $700.8M-3.0% | $722.7M-6.6% | $774.1M+0.2% | $772.2M-1.8% | $786.7M-1.1% | $795.8M+4.2% | $764.0M-0.9% | $771.3M |
| Total Equity | -$62.0M-14.4% | -$54.1M+3.9% | -$56.3M-127.3% | -$24.8M-203.0% | -$8.2M-349.9% | -$1.8M-105.9% | $30.8M-37.6% | $49.3M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CAPL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.4M+7.6% | $22.6M+50.5% | $15.0M+35.4% | $11.1M-61.6% | $28.9M+397.0% | $5.8M-84.7% | $38.1M+20.1% | $31.7M |
| Capital Expenditures | $6.7M-43.4% | $11.8M+17.1% | $10.1M+40.7% | $7.2M+35.5% | $5.3M-13.1% | $6.1M-52.8% | $12.9M+25.1% | $10.4M |
| Free Cash Flow | $17.7M+63.5% | $10.8M+119.1% | $4.9M+25.7% | $3.9M-83.4% | $23.6M+8266.4% | -$289K-101.1% | $25.1M+17.6% | $21.4M |
| Investing Cash Flow | $15.4M-70.6% | $52.2M+4010.6% | -$1.3M-113.0% | $10.3M+6935.3% | -$150K+99.4% | -$26.0M-122.9% | -$11.6M-18.3% | -$9.8M |
| Financing Cash Flow | -$43.7M+39.3% | -$71.9M-594.9% | -$10.3M+59.8% | -$25.7M+12.9% | -$29.5M-237.8% | $21.4M+178.7% | -$27.2M-32.4% | -$20.6M |
| Dividends Paid | $20.0M+0.1% | $20.0M+0.1% | $20.0M0.0% | $20.0M+0.1% | $20.0M+0.1% | $19.9M0.0% | $19.9M0.0% | $19.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CAPL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.8%+0.3pp | 10.5%+0.1pp | 10.4%-0.3pp | 10.7%+1.4pp | 9.2%+0.6pp | 8.6%-1.4pp | 10.1%+1.8pp | 8.3% |
| Operating Margin | 2.9%-1.4pp | 4.3%+4.1pp | 0.2%-2.8pp | 3.0%+0.5pp | 2.5%+3.9pp | -1.4%-4.0pp | 2.7%+0.7pp | 2.0% |
| Net Margin | 1.4%-1.2pp | 2.6%+3.4pp | -0.8%-2.6pp | 1.8%+0.7pp | 1.1%+3.0pp | -1.9%-3.5pp | 1.7%+0.6pp | 1.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 54.4%+29.5pp | 24.9% |
| Return on Assets | 1.4%-1.1pp | 2.5%+3.1pp | -0.7%-2.2pp | 1.5%+0.4pp | 1.1%+2.6pp | -1.5%-2.9pp | 1.4%+0.4pp | 1.0% |
| Current Ratio | 0.71-0.1 | 0.77-0.2 | 0.93+0.2 | 0.73-0.0 | 0.76-0.0 | 0.77+0.1 | 0.67-0.0 | 0.70 |
| Debt-to-Equity | -11.31+2.0 | -13.35+0.4 | -13.74+17.4 | -31.16+65.0 | -96.18+341.5 | -437.71-462.6 | 24.84+9.2 | 15.64 |
| FCF Margin | 1.8%+0.7pp | 1.1%+0.5pp | 0.6%+0.2pp | 0.4%-1.7pp | 2.1%+2.1pp | -0.0%-2.5pp | 2.5%+0.7pp | 1.8% |
Note: Shareholder equity is negative (-$24.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Crossamerica Partners Lp's annual revenue?
Crossamerica Partners Lp (CAPL) reported $4.1B in total revenue for fiscal year 2024. This represents a -6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Crossamerica Partners Lp's revenue growing?
Crossamerica Partners Lp (CAPL) revenue declined by 6.6% year-over-year, from $4.4B to $4.1B in fiscal year 2024.
Is Crossamerica Partners Lp profitable?
Yes, Crossamerica Partners Lp (CAPL) reported a net income of $22.5M in fiscal year 2024, with a net profit margin of 0.5%.
What is Crossamerica Partners Lp's earnings per share (EPS)?
Crossamerica Partners Lp (CAPL) reported diluted earnings per share of $0.52 for fiscal year 2024. This represents a -50.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Crossamerica Partners Lp's EBITDA?
Crossamerica Partners Lp (CAPL) had EBITDA of $146.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Crossamerica Partners Lp have?
As of fiscal year 2024, Crossamerica Partners Lp (CAPL) had $3.4M in cash and equivalents against $772.2M in long-term debt.
What is Crossamerica Partners Lp's gross margin?
Crossamerica Partners Lp (CAPL) had a gross margin of 9.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Crossamerica Partners Lp's operating margin?
Crossamerica Partners Lp (CAPL) had an operating margin of 1.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Crossamerica Partners Lp's net profit margin?
Crossamerica Partners Lp (CAPL) had a net profit margin of 0.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Crossamerica Partners Lp's free cash flow?
Crossamerica Partners Lp (CAPL) generated $61.5M in free cash flow during fiscal year 2024. This represents a -25.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Crossamerica Partners Lp's operating cash flow?
Crossamerica Partners Lp (CAPL) generated $87.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Crossamerica Partners Lp's total assets?
Crossamerica Partners Lp (CAPL) had $1.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Crossamerica Partners Lp's capital expenditures?
Crossamerica Partners Lp (CAPL) invested $26.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Crossamerica Partners Lp's current ratio?
Crossamerica Partners Lp (CAPL) had a current ratio of 0.73 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Crossamerica Partners Lp's debt-to-equity ratio?
Crossamerica Partners Lp (CAPL) had a debt-to-equity ratio of -31.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Crossamerica Partners Lp's return on assets (ROA)?
Crossamerica Partners Lp (CAPL) had a return on assets of 2.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Crossamerica Partners Lp's debt-to-equity ratio negative or unusual?
Crossamerica Partners Lp (CAPL) has negative shareholder equity of -$24.8M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Crossamerica Partners Lp's Piotroski F-Score?
Crossamerica Partners Lp (CAPL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Crossamerica Partners Lp's earnings high quality?
Crossamerica Partners Lp (CAPL) has an earnings quality ratio of 3.91x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Crossamerica Partners Lp cover its interest payments?
Crossamerica Partners Lp (CAPL) has an interest coverage ratio of 1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Crossamerica Partners Lp?
Crossamerica Partners Lp (CAPL) scores 9 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.