CAPL
CrossAmerica Partners LP
CAPL's fundamentals are mixed, but it looks cheap: trading at 16x earnings, below its usual 21x. Analysts expect strong earnings growth.
CAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Under pressure |
CAPL's revenue is currently healthy, and its profitability and cash flow are stable, but its balance sheet is under pressure.
CAPL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $15.93 | -20% |
| Current | 16x | $19.87 | — |
| Forward | 18x | $19.87 | — |
| Fair | 21x | $25.23 | +27% |
| Expensive | 35x | $43.23 | +118% |
Historical ranges are pointers, not guarantees.
CAPL's PE is in its fair range at 16x. On analysts' estimates for next year's earnings, today's price would be 18x.
CAPL Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for CAPL, but weaker profitability.
CAPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.12 | -8.9% |
| Q3 2026 | $1.23 | +2.5% |
| Q2 2026 | $1.36 | +20% |
| Q1 2026 | $1.48 | +85% |
| Q4 2025 | $1.02 | +96% |
| Q3 2025 | $1.20 | +131% |
| Q2 2025 | $1.13 | +102% |
| Q1 2025 | $0.80 | +31% |
| Q4 2024 | $0.52 | -50% |
CAPL's earnings per share have fallen from their peak: $1.23 over the past year, against $2.94 in late 2020.
CAPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +23% |
| Q2 2026 | $1.2B | +23% |
| Q1 2026 | $841.8M | -2.4% |
| Q4 2025 | $866.3M | -8.3% |
| Q3 2025 | $971.8M | -9.9% |
| Q2 2025 | $961.9M | -15% |
| Q1 2025 | $862.5M | -8.4% |
| Q4 2024 | $944.2M | -6.9% |
CAPL's revenue is recovering but still below its 2022 peak: $1.2B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2% | -0.9 points |
| Q2 2026 | 3% | -1.3 points |
| Q1 2026 | 2.8% | +2.6 points |
| Q4 2025 | 3% | 0 points |
| Q3 2025 | 2.9% | +0.4 points |
| Q2 2025 | 4.3% | +1.8 points |
| Q1 2025 | 0.2% | +1.6 points |
| Q4 2024 | 3% | +0.3 points |
CAPL's operating margin was 2% last quarter, down 0.9 points from the same quarter a year ago.
CAPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $17.3M | -2.2% |
| Q2 2026 | $25.8M | +139% |
| Q1 2026 | $24.5M | +396% |
| Q4 2025 | $22.4M | +470% |
| Q3 2025 | $17.7M | -48% |
| Q2 2025 | $10.8M | -54% |
| Q1 2025 | $4.9M | +$5.2M |
| Q4 2024 | $3.9M | -84% |
CAPL still generates free cash flow, though less than at its 2022 peak: $90M over the past year.
CAPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +7.5K shares |
| 1 year | +0.2% | +62.8K shares |
| 3 years | +0.5% | +192K shares |
| 5 years | +1.2% | +440K shares |
| Available history | +3.5% | +1.3M shares |
CAPL has 38M diluted shares, about the same as a year ago.
CAPL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.0x | Elevated |
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 3.7x | Elevated |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 4.6x | High |
| Q4 2024 | 5.2x | High |
CAPL's net debt is about 4.0 years of its operating earnings (EBITDA), up from 3.7 years a year ago.
CAPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.2 | Neutral |
| Stochastic | 22.1 | Neutral |
CAPL's weekly RSI is 38 (neutral) and its Stochastic is 22 (neutral).
CAPL PE vs Energy Sector
| Metric | CAPL | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 23% above |
| PE % | 34 | 61 | 27 pts below |
CAPL is trading at 16x earnings, a 23% premium to the Energy sector's median of 13x.
CAPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.3 | 6.8% below |
| 20 week MA | $22.1 | 10% below |
| 50 week MA | $21.8 | 8.9% below |
| 100 week MA | $21.8 | 8.9% below |
| 200 week MA | $21.4 | 7.2% below |
CAPL is in a downtrend: it's below all five of its weekly moving averages, and 7.2% below its 200-week average.
CAPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.1 | $17.1 | -5.6% |
| 2021 | $17.1 | $19.1 | +11% |
| 2022 | $19.1 | $20.4 | +6.9% |
| 2023 | $20.4 | $22.8 | +12% |
| 2024 | $22.8 | $21.8 | -4.3% |
| 2025 | $21.8 | $20.9 | -4.4% |
| 2026 YTD | $20.9 | $19.9 | -4.7% |
CAPL has finished lower in three of the last six years. It's down 4.7% so far in 2026.