Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026
Basics
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Country
United States
Market cap
808.5M USD
Enterprise value
1.5B USD
Overall health
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:higher risk than most peers: less short-term liquidity (current ratio 0.76 vs a peer median of 1.37)higher risk: less liquidity (current ratio 0.76 vs peers 1.37)
Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
CrossAmerica Partners LP's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
CrossAmerica Partners LP's fiscal-year revenue declined in each of the three years to 2025.
Profit is backed by cash. Free cash flow is 163% of reported profit.
CrossAmerica Partners LP's free cash flow is 163% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Thin margins.Operating margin 2.9% (12 months to Jun 2026) vs a peer median of 12%.Operating margin 2.9% vs peers 12%.
CrossAmerica Partners LP keeps 2.9% of revenue as operating profit, less than most peers (median 12%), leaving less room if costs rise.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 59 → 60
Share price -5.5%+3
Peer companies moved-2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 43 → 44
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -7.81Sector median: 0.4659 · MAD: 0.3175
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about CrossAmerica Partners LP
Is CrossAmerica Partners LP getting weaker?
Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.
How is CrossAmerica Partners LP valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 404 energy peers.Free cash flow yield 11.2% vs a peer median of 6.2% (stronger than 78% of peers).Free cash flow yield 11.2% vs peers 6.2% (stronger than 78% of peers).
Is CrossAmerica Partners LP growing?
At about the same pace as its peers. Growth scores 45/100 against 404 energy peers.Earnings per share growth 20.9% vs a peer median of 1.1% (stronger than 69% of peers).Earnings per share growth 20.9% vs peers 1.1% (stronger than 69% of peers).3-year revenue growth -5.4% vs a peer median of -1.3% (weaker than 64% of peers).3-year revenue growth -5.4% vs peers -1.3% (weaker than 64% of peers).
How profitable is CrossAmerica Partners LP?
About as profitable as its peers. Profitability scores 44/100 against 404 energy peers.Return on assets 5.6% vs a peer median of 4.4% (stronger than 62% of peers).Return on assets 5.6% vs peers 4.4% (stronger than 62% of peers).Operating margin 2.9% vs a peer median of 11.7% (weaker than 80% of peers).Operating margin 2.9% vs peers 11.7% (weaker than 80% of peers).
How risky is CrossAmerica Partners LP?
Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Beta 0.32 vs a peer median of 0.57 (stronger than 78% of peers).Beta 0.32 vs peers 0.57 (stronger than 78% of peers).Current ratio 0.76× vs a peer median of 1.37× (weaker than 84% of peers).Current ratio 0.76× vs peers 1.37× (weaker than 84% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
3.6B USD
3.9B USD
+6.0%
Net income (12 months)
59.6M USD
55.3M USD
−7.3%
Operating margin
3.3%
2.9%
−0.3 pts
Free cash flow (12 months)
75.3M USD
90.3M USD
+19.9%
Debt
736.0M USD
725.2M USD
−1.5%
Cash
7.3M USD
4.9M USD
−33.0%
Shares outstanding
38.2M
38.2M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Refining & Marketing companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
7.7%
7.6%
8.7%
9.7%
11.0%
▲ 1.3 pts
Operating margin
1.0%
1.9%
2.0%
1.7%
2.7%
▲ 0.9 pts
Net margin
0.6%
1.3%
1.0%
0.5%
1.1%
▲ 0.6 pts
Return on assets (ROA)
1.7%
5.1%
3.6%
2.0%
4.3%
▲ 2.3 pts
Free cash flow margin
1.5%
2.6%
1.9%
1.5%
1.5%
▲ 0.0 pts
Current ratio
0.65×
0.68×
0.67×
0.73×
0.72×
▼ 1.9%
Quick ratio
0.37×
0.41×
0.35×
0.34×
0.33×
▼ 3.0%
Interest coverage
1.98×
2.99×
2.01×
1.35×
2.03×
▲ 50%
CAPL price history
Price history is added with the daily price update and will appear after the next one.