A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CAPL SEC filings page.
CrossAmerica Partners LP Common units (CAPL) reported $3.9B in revenue over the twelve months to Jun 30, 2026, up 0.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Higher margins are not translating into balance-sheet strength: the partnership remains cash-generative while liabilities exceed assets and short-term coverage stays tight.
FY2025 paired a revenue contraction with margin expansion to a gross margin of11.0% and operating margin of2.7% , a pattern more consistent with mix or cost changes than simple volume growth. The cash conversion gap after reinvestment is material: free cash flow of$55.8M was below operating cash flow of$91.5M , so reported cash generation did not fully carry through to post-capex cash.
The capital structure is the central constraint: FY2025 liabilities of
Debt fell from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CrossAmerica Partners LP Common units's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
CrossAmerica Partners LP Common units has an operating margin of 2.7%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is up from 1.7% the prior year.
CrossAmerica Partners LP Common units's revenue declined 10.6% year-over-year, from $4.1B to $3.7B. This contraction results in a growth score of 17/100.
CrossAmerica Partners LP Common units's current ratio of 0.74 is below the typical benchmark, resulting in a score of 18/100. This tight liquidity could limit financial flexibility if cash inflows slow.
CrossAmerica Partners LP Common units has a free cash flow margin of 1.5%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
CrossAmerica Partners LP Common units passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, CrossAmerica Partners LP Common units generates $2.19 in operating cash flow ($91.5M OCF vs $41.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
CrossAmerica Partners LP Common units earns $2.03 in operating income for every $1 of interest expense ($97.6M vs $48.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
CrossAmerica Partners LP Common units generated $1.2B in revenue in Q2 2026. This represents an increase of 22.6% from the same quarter a year earlier. Against the prior quarter it is up 40.1%.
CrossAmerica Partners LP Common units's EBITDA was $52.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 19.7% from the same quarter a year earlier. Against the prior quarter it is up 27.5%.
CrossAmerica Partners LP Common units reported $20.8M in net income in Q2 2026. This represents a decrease of 17.3% from the same quarter a year earlier. Against the prior quarter it is up 95.3%.
CrossAmerica Partners LP Common units earned $0.52 per diluted share (EPS) in Q2 2026. This represents a decrease of 18.8% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Cash & Balance Sheet
CrossAmerica Partners LP Common units generated $25.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 138.6% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.
CrossAmerica Partners LP Common units held $4.9M in cash against $715.5M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
CrossAmerica Partners LP Common units's gross margin was 9.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.
CrossAmerica Partners LP Common units's operating margin was 3.0% in Q2 2026, reflecting core business profitability. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
CrossAmerica Partners LP Common units's net profit margin was 1.8% in Q2 2026, showing the share of revenue converted to profit. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Not reported for Q2 2026.
Capital Allocation
CrossAmerica Partners LP Common units invested $7.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 37.1% from the same quarter a year earlier. Against the prior quarter it is up 117.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
CAPL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B+22.6% | $841.8M-2.4% | $866.3M-8.3% | $971.8M-9.9% | $961.9M-15.1% | $862.5M-8.4% | $944.2M-6.9% | $1.1B-10.8% |
| Cost of Revenue | $1.1B+23.8% | $744.2M-3.7% | $759.2M-10.0% | $867.1M-10.4% | $860.9M-16.3% | $772.7M-10.2% | $843.2M-7.6% | $967.9M-12.8% |
| Gross Profit | $112.8M+11.7% | $97.6M+8.7% | $107.1M+6.1% | $104.8M-5.8% | $101.0M-3.6% | $89.8M+10.4% | $101.0M-1.0% | $111.2M+10.7% |
| SG&A Expenses | $6.8M+3.5% | $6.5M-15.4% | $7.2M+7.8% | $6.5M-11.1% | $6.6M-16.7% | $7.7M+12.2% | $6.7M-3.2% | $7.3M+6.3% |
| Operating Income | $35.3M-15.0% | $23.8M+1086.9% | $26.1M-8.0% | $28.1M+3.7% | $41.5M+47.3% | $2.0M+115.3% | $28.3M+5.1% | $27.1M+12.2% |
| EBITDA | $52.0M-19.7% | $40.8M+44.2% | $46.0M-0.9% | $48.1M+0.6% | $64.8M+39.1% | $28.3M+398.7% | $46.4M+1.1% | $47.8M+10.6% |
| Interest Expense | $11.3M-9.8% | $10.8M-16.3% | $10.9M-18.4% | $11.8M-16.8% | $12.6M-11.5% | $12.8M+21.8% | $13.4M+27.8% | $14.2M+34.2% |
| Income Tax | $3.3M-14.5% | $2.5M+169.4% | $5.1M+390.0% | $2.9M+18.6% | $3.9M+128.8% | -$3.6M+37.9% | -$1.8M-2150.0% | $2.4M+64.6% |
| Net Income | $20.8M-17.3% | $10.7M+249.8% | $10.2M-39.6% | $13.6M+26.9% | $25.2M+102.6% | -$7.1M+59.4% | $16.9M+0.7% | $10.7M-12.9% |
| EPS (Basic) | $0.53-17.2% | $0.26+230.0% | $0.25-40.5% | $0.34+25.9% | $0.64+106.5% | -$0.20+58.3% | $0.42-2.3% | $0.27-12.9% |
| EPS (Diluted) | $0.52-18.8% | $0.26+230.0% | $0.25-40.5% | $0.34+25.9% | $0.64+106.5% | -$0.20+58.3% | $0.420.0% | $0.27-12.9% |
| Diluted Shares (Avg) | 38M-3.1% | 38M+0.6% | N/A | 38M+0.2% | 40M+3.5% | 38M+0.2% | N/A | 38M+0.2% |
Not reported in any period shown, so not listed: R&D Expenses.
CAPL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $982.0M-4.5% | $1.0B-7.7% | $964.7M-13.5% | $998.9M-11.6% | $1.0B-11.7% | $1.1B-7.9% | $1.1B-5.7% | $1.1B-7.2% |
| Current Assets | $122.8M-2.0% | $125.3M-17.3% | $111.1M-6.5% | $117.4M-6.7% | $125.3M-0.2% | $151.4M+22.8% | $118.8M+9.5% | $125.7M+2.0% |
| Cash & Equivalents | $4.9M-49.3% | $7.3M+8.9% | $3.1M-7.2% | $5.8M-25.7% | $9.7M+77.0% | $6.7M+7.5% | $3.4M-32.2% | $7.8M+34.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $63.4M+7.5% | $65.1M+6.9% | $59.6M-5.6% | $61.0M0.0% | $59.0M-7.2% | $60.9M+4.9% | $63.2M+20.7% | $61.0M+13.7% |
| Accounts Receivable | $33.8M+4.5% | $31.1M+8.3% | $28.6M-9.6% | $34.1M+6.6% | $32.4M-16.9% | $28.7M-18.1% | $31.6M+1.3% | $31.9M-17.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% | $99.4M0.0% |
| Total Liabilities | $1.1B-2.3% | $1.1B-5.4% | $1.0B-9.0% | $1.1B-8.6% | $1.1B-7.7% | $1.1B-3.3% | $1.1B-1.0% | $1.2B-0.6% |
| Current Liabilities | $161.8M-0.2% | $167.9M+2.6% | $149.5M-8.2% | $164.2M-5.0% | $162.1M-2.0% | $163.7M+2.4% | $162.8M+1.1% | $172.8M-2.5% |
| Non-Current Liabilities | $895.8M-2.7% | $913.3M-6.7% | $887.3M-9.2% | $896.7M-9.2% | $920.5M-8.6% | $979.2M-4.1% | $976.7M-1.3% | $988.0M-0.3% |
| Long-Term Debt | $715.5M-1.0% | $726.2M-6.2% | $687.2M-10.0% | $700.8M-8.9% | $722.7M-8.1% | $774.1M-2.7% | $763.9M+1.3% | $769.2M+1.1% |
| Total Equity | -$75.7M-39.8% | -$78.5M-39.3% | -$72.0M-190.7% | -$62.0M-101.8% | -$54.1M-562.1% | -$56.3M-2998.2% | -$24.8M-180.6% | -$30.7M-162.3% |
Not reported in any period shown, so not listed: Retained Earnings.
CAPL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.2M+46.7% | $27.9M+85.3% | $29.4M+164.9% | $24.4M-41.9% | $22.6M-21.6% | $15.0M+158.7% | $11.1M-70.8% | $41.9M+32.2% |
| Depreciation & Amortization | $16.8M-28.1% | $17.1M-35.1% | $19.9M+10.2% | $20.0M-3.4% | $23.3M+26.5% | $26.3M+40.5% | $18.1M-4.6% | $20.7M+8.6% |
| Stock-Based Compensation | N/A | $201K-75.3% | N/A | N/A | N/A | $813K+296.6% | N/A | N/A |
| Capital Expenditures | $7.4M-37.1% | $3.4M-66.1% | $7.1M-1.6% | $6.7M-13.2% | $11.8M+123.2% | $10.1M+65.7% | $7.2M-44.5% | $7.7M-25.4% |
| Free Cash Flow | $25.8M+138.6% | $24.5M+395.7% | $22.4M+469.9% | $17.7M-48.4% | $10.8M-54.2% | $4.9M+1806.9% | $3.9M-84.4% | $34.2M+60.1% |
| Investing Cash Flow | -$4.1M-107.9% | $7.8M+687.5% | $2.2M-78.4% | $15.4M+3526.8% | $52.2M+34904.0% | -$1.3M+94.9% | $10.3M+188.0% | -$448K+95.5% |
| Financing Cash Flow | -$31.5M+56.2% | -$31.5M-204.6% | -$34.3M-33.1% | -$43.7M-11.3% | -$71.9M-143.3% | -$10.3M-148.3% | -$25.7M+5.5% | -$39.2M-90.6% |
| Dividends Paid | $20.0M+0.1% | $20.0M+0.2% | $20.0M+0.2% | $20.0M+0.2% | $20.0M+0.2% | $20.0M+0.2% | $20.0M+0.2% | $20.0M+0.2% |
Not reported in any period shown, so not listed: Share Buybacks.
CAPL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.6%-0.9pp | 11.6%+1.2pp | 12.4%+1.7pp | 10.8%+0.5pp | 10.5%+1.3pp | 10.4%+1.8pp | 10.7%+0.6pp | 10.3%+2.0pp |
| Operating Margin | 3.0%-1.3pp | 2.8%+2.6pp | 3.0%0.0pp | 2.9%+0.4pp | 4.3%+1.8pp | 0.2%+1.6pp | 3.0%+0.3pp | 2.5%+0.5pp |
| Net Margin | 1.8%-0.9pp | 1.3%+2.1pp | 1.2%-0.6pp | 1.4%+0.4pp | 2.6%+1.5pp | -0.8%+1.0pp | 1.8%+0.1pp | 1.0%0.0pp |
| Return on Assets | 2.1%-0.3pp | 1.1%+1.7pp | 1.1%-0.5pp | 1.4%+0.4pp | 2.5%+1.4pp | -0.7%+0.8pp | 1.5%+0.1pp | 0.9%-0.1pp |
| Current Ratio | 0.760.0x | 0.75-0.2x | 0.740.0x | 0.710.0x | 0.770.0x | 0.93+0.2x | 0.73+0.1x | 0.730.0x |
| Asset Turnover | 1.20+0.3x | 0.840.0x | 0.90+0.1x | 0.970.0x | 0.940.0x | 0.790.0x | 0.850.0x | 0.950.0x |
| FCF Margin | 2.2%+1.1pp | 2.9%+2.3pp | 2.6%+2.2pp | 1.8%-1.3pp | 1.1%-1.0pp | 0.6%+0.6pp | 0.4%-2.1pp | 3.2%+1.4pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$72.0M), 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 (0.74), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CrossAmerica Partners LP Common units CAPL | FY2025 | $3.7B | $41.8M | 1.1% | $823.0M | 33/100 |
| Delek US Holdings, Inc. DK | FY2025 | $10.7B | -$22.8M | -0.2% | $4.6B | 17/100 |
| Clean Energy Fuels Corp. CLNE | FY2025 | $424.8M | -$222.0M | -52.3% | $324.1M | 47/100 |
| Par Pacific Holdings, Inc. PARR | FY2025 | $7.5B | $369.4M | 5.0% | $4.1B | 48/100 |
| Star Group, L.P. Common Units SGU | FY2025 | $1.8B | $73.5M | 4.1% | $426.2M | 44/100 |
| World Kinect Corporation WKC | FY2025 | $36.9B | -$614.4M | -1.7% | $1.9B | 26/100 |
Where CrossAmerica Partners LP Common units Ranks
Frequently Asked Questions
What is CrossAmerica Partners LP Common units's annual revenue?
CrossAmerica Partners LP Common units (CAPL) reported $3.7B in total revenue for fiscal year 2025. This represents a -10.6% 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 Common units's revenue growing?
CrossAmerica Partners LP Common units (CAPL) revenue declined by 10.6% year-over-year, from $4.1B to $3.7B in fiscal year 2025.
Is CrossAmerica Partners LP Common units profitable?
Yes, CrossAmerica Partners LP Common units (CAPL) reported a net income of $41.8M in fiscal year 2025, with a net profit margin of 1.1%.
What is CrossAmerica Partners LP Common units's EBITDA?
CrossAmerica Partners LP Common units (CAPL) had EBITDA of $187.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does CrossAmerica Partners LP Common units have?
As of fiscal year 2025, CrossAmerica Partners LP Common units (CAPL) had $3.1M in cash and equivalents against $687.2M in long-term debt.
What is CrossAmerica Partners LP Common units's gross margin?
CrossAmerica Partners LP Common units (CAPL) had a gross margin of 11.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is CrossAmerica Partners LP Common units's operating margin?
CrossAmerica Partners LP Common units (CAPL) had an operating margin of 2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is CrossAmerica Partners LP Common units's net profit margin?
CrossAmerica Partners LP Common units (CAPL) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is CrossAmerica Partners LP Common units's free cash flow?
CrossAmerica Partners LP Common units (CAPL) generated $55.8M in free cash flow during fiscal year 2025. This represents a -9.3% 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 Common units's operating cash flow?
CrossAmerica Partners LP Common units (CAPL) generated $91.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CrossAmerica Partners LP Common units's total assets?
CrossAmerica Partners LP Common units (CAPL) had $964.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are CrossAmerica Partners LP Common units's capital expenditures?
CrossAmerica Partners LP Common units (CAPL) invested $35.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is CrossAmerica Partners LP Common units's current ratio?
CrossAmerica Partners LP Common units (CAPL) had a current ratio of 0.74 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is CrossAmerica Partners LP Common units's return on assets (ROA)?
CrossAmerica Partners LP Common units (CAPL) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CrossAmerica Partners LP Common units's P/E ratio?
CrossAmerica Partners LP Common units (CAPL) trades at 14.9x earnings, its market capitalization divided by net income of $55.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $823.0M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CrossAmerica Partners LP Common units's price-to-sales ratio?
CrossAmerica Partners LP Common units (CAPL) trades at 0.2x sales, its market capitalization divided by revenue of $3.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $823.0M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is CrossAmerica Partners LP Common units's debt-to-equity ratio negative or not reported?
CrossAmerica Partners LP Common units (CAPL) has negative shareholder equity of -$72.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Common units's Piotroski F-Score?
CrossAmerica Partners LP Common units (CAPL) has a Piotroski F-Score of 7 out of 9, indicating strong 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are CrossAmerica Partners LP Common units's earnings high quality?
CrossAmerica Partners LP Common units (CAPL) has an earnings quality ratio of 2.19x, 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 Common units cover its interest payments?
CrossAmerica Partners LP Common units (CAPL) has an interest coverage ratio of 2.03x, meaning it can adequately 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 Common units?
CrossAmerica Partners LP Common units (CAPL) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.