CrossAmerica Partners LP CAPL

Competitive advantage analysis · energy

Corporate Default
Overall moat score
60/100
Moderate

About CrossAmerica Partners LP

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers and independent dealers. … Full CAPL analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.
  • Operating Leverage in Effect Operating leverage is evident (score 0.76), with margins expanding over time.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.12), raising questions about short-term obligations.
  • Weak or Negative Cash Flow Cash generation is weak (score 0.35), limiting financial flexibility.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
75

Where CAPL ranks in Oil & Gas Refining & Marketing

CrossAmerica Partners LP ranks #6 of 19 scored companies in Oil & Gas Refining & Marketing by moat score — the top 32%. The widest moat in the group is Star Group L.P. (SGU) at 81/100.

Moat scores for companies ranked near CAPL in Oil & Gas Refining & Marketing
# Company Moat score Rating
2 Par Pacific Holdings, Inc. Comm PARR 74/100 Moderate
3 Ultrapar Participacoes S.A. (Ne UGP 67/100 Moderate
4 Delek Logistics Partners, L.P. DKL 62/100 Moderate
5 Sunoco LP SUN 61/100 Moderate
6 CrossAmerica Partners LP CAPL 60/100 Moderate
7 Marathon Petroleum Corporation MPC 58/100 Moderate
8 Cosan S.A. CSAN 57/100 Moderate
9 Phillips 66 PSX 55/100 Moderate
10 Valero Energy Corporation VLO 53/100 Moderate

See every Commodities & Mining company ranked by moat score →

How CAPL scores on the Corporate Default defenses

Pricing Power

Score 75 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 68 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 35 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 88 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 31 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 68 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CAPL's moat

What is CrossAmerica Partners LP's moat score?

CrossAmerica Partners LP (CAPL) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 19 scored companies in Oil & Gas Refining & Marketing, the top 32%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Oil & Gas Refining & Marketing. Its strongest defense is Capital Efficiency (88/100) and its weakest is Resilience (31/100).

How does CrossAmerica Partners LP compare with other Oil & Gas Refining & Marketing companies?

CrossAmerica Partners LP ranks #6 of 19 scored companies in Oil & Gas Refining & Marketing by moat score. The widest moat in Oil & Gas Refining & Marketing is Star Group L.P. (SGU) at 81/100. The companies ranked closest are Sunoco LP (SUN) at 61 just above it and Marathon Petroleum Corporation (MPC) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 18 companies in Oil & Gas Refining & Marketing. The defenses are then weighted to produce the overall score out of 100.

Why is CrossAmerica Partners LP scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for CrossAmerica Partners LP?

The Corporate Default template measures 6 defenses, and CAPL scores: Pricing Power (75), Cost Advantage (68), Customer Stickiness (35), Capital Efficiency (88), Resilience (31), Scale & Market Position (68). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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