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ARKO

Arko Corp.

ARKO

Arko Corp. • NASDAQ
$4.76 ▲ 0.00% (+0.00)
Market Cap $530.41 M
52w High $7.84
52w Low $3.51
Dividend Yield 0.12%
P/E 43.27
Volume 156.91K
Outstanding Shares 111.43M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.021B ▲ $74.995M ▲ $13.459M ▼ 0.666% ▼ $0.106 ▼ $72.256M ▼
Q2-2025 $2B ▲ $57.089M ▼ $20.098M ▲ 1.005% ▲ $0.16 ▲ $93.995M ▲
Q1-2025 $1.829B ▼ $78.717M ▲ $-12.672M ▼ -0.693% ▼ $-0.12 ▼ $32.598M ▼
Q4-2024 $1.992B ▼ $77.641M ▲ $-2.298M ▼ -0.115% ▼ $-0.03 ▼ $52.493M ▼
Q3-2024 $2.279B $72.927M $9.674M 0.424% $0.071 $77.836M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $332.024M ▲ $3.587B ▼ $3.214B ▼ $373.126M ▲
Q2-2025 $299.663M ▲ $3.609B ▲ $3.244B ▼ $364.835M ▲
Q1-2025 $271.085M ▲ $3.603B ▼ $3.247B ▲ $355.226M ▼
Q4-2024 $267.088M ▼ $3.621B ▼ $3.244B ▼ $376.866M ▼
Q3-2024 $296.829M $3.688B $3.308B $380.005M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.459M ▼ $0 ▼ $0 ▲ $0 ▼ $0 ▼ $0 ▼
Q2-2025 $20.098M ▲ $55.185M ▲ $-43.528M ▼ $15.259M ▲ $26.95M ▲ $9.838M ▼
Q1-2025 $-12.672M ▼ $43.402M ▲ $-26.904M ▲ $-19.365M ▼ $-2.871M ▲ $16.01M ▲
Q4-2024 $-2.298M ▼ $22.728M ▼ $-33.923M ▼ $-15.426M ▼ $-26.603M ▼ $-13.405M ▼
Q3-2024 $9.674M $109.156M $-28.288M $-12.907M $67.972M $79.887M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fuel Products
Fuel Products
 $3.44Bn ▲$1.45Bn ▼$1.57Bn ▲$1.60Bn ▲
Merchandise Products
Merchandise Products
 $880.00M ▲$350.00M ▼$400.00M ▲$390.00M ▼
Other Product
Other Product
 $50.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Arko runs a very high‑volume, very low‑margin business. Sales have been large and relatively steady in recent years, but profits are thin and have drifted down from the peak a few years ago. Operating profit and cash earnings have held up better than bottom‑line net income, suggesting core operations are reasonably stable, but interest, taxes, and other below‑the‑line items leave only a small profit cushion. This means results are quite sensitive to fuel margins, operating costs, and financing costs, and even modest swings in these areas can noticeably move earnings per share.

Balance Sheet

Balance Sheet The balance sheet shows a sizeable asset base built largely through acquisitions, funded heavily with debt. Debt sits high relative to the company’s equity, so the business is meaningfully leveraged. Cash on hand looks adequate for day‑to‑day needs but not especially large compared with total obligations. This structure can work as long as the business keeps generating steady cash and credit markets remain supportive, but it does limit financial flexibility and makes Arko more exposed to interest rate levels and refinancing conditions.

Cash Flow

Cash Flow Arko consistently generates cash from its operations, which is a positive sign for the underlying business model. The company spends a meaningful amount on new stores, remodels, and other investments, so free cash flow after these outlays moves up and down from year to year. Overall, the pattern suggests the business can mostly fund itself, but with a relatively narrow margin for error when investment needs or working capital swings are high. Sustaining and improving free cash flow will be important, given the debt load and ongoing transformation plans.

Competitive Edge

Competitive Edge Arko has built a broad footprint as one of the larger convenience store and fuel players in the U.S., which brings buying power, brand recognition at the local level, and efficiencies in logistics. Its dual retail and wholesale model, plus the ability to convert weaker stores into dealer‑run sites, gives it multiple ways to earn from the fuel value chain. At the same time, it operates in a fiercely competitive, largely commoditized space with many regional and national rivals and long‑term questions about fuel demand. To stand out, Arko needs to keep growing higher‑margin in‑store and food offerings and deepening customer loyalty rather than relying mainly on fuel volumes.

Innovation and R&D

Innovation and R&D Innovation at Arko is more about business model and technology use than traditional lab‑style R&D. The fas REWARDS loyalty program and upgraded mobile app are central tools to attract repeat customers and gather data. Investments in analytics, modern point‑of‑sale systems, and targeted promotions aim to squeeze more value from each visit. The push into food‑forward store formats and the “fas craves” concept is an important strategic bet to move mix toward higher‑margin prepared foods. These initiatives are promising but still developing, so their ultimate impact on sales quality and profitability will depend on execution and customer adoption over the next few years.

Summary

Arko is a scaled, acquisition‑built convenience and fuel operator with steady revenue, thin but positive profits, and a meaningful debt load. The business reliably produces operating cash, but high leverage and narrow margins leave limited room for mistakes. Its main strengths lie in its size, dual retail/wholesale model, flexible “dealerization” approach, and an increasingly data‑driven, loyalty‑based strategy. Key uncertainties include integration and execution of its transformation plan, the success of newer foodservice and digital initiatives, ongoing competitive pressure, and the cost of servicing and refinancing its debt. The company’s future profile will depend heavily on how well it can shift more earnings toward differentiated, higher‑margin offerings while managing balance sheet risk.

NEWS

November 17, 2025 · 8:30 AM UTC

ARKO Corp. and Apollo Power Enter Strategic Partnership in the U.S. to Deploy Solar Systems Across ARKO's Network Sites

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November 5, 2025 · 4:05 PM UTC

ARKO Corp. Reports Third Quarter 2025 Results

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October 22, 2025 · 4:05 PM UTC

ARKO to Report Third Quarter 2025 Financial Results on November 5, 2025

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October 9, 2025 · 7:01 AM UTC

ARKO Corp. Appoints Jordan Mann as Interim Chief Financial Officer

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