ARKO Corp. ARKO
Based in Richmond, Virginia, ARKO Corp. is one of the largest operators of convenience stores and wholesalers of fuel in the United States ("U.S."), ranked by store count and gallons sold, respectively.
As of December 31, 2025, we operated 1,118 retail convenience stores under more than 25 regional store brands. Our brands have been in existence for an average of more than 50 years, and we consider them "a Family of Community Brands." While maintaining multiple established brand names, our stores derive significant value from the scale, corporate infrastructure and centralized marketing programs associated with our large network, including a common operating platform and a loyalty program that we use as a platform for promotions and marketing initiatives across our convenience stores.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.64B | $8.73B | $9.41B | $9.14B | $7.42B | $4.01B | $4.13B | — |
| SG&A | $165.7M | $162.9M | $165.3M | $140.0M | $124.7M | $94.4M | $69.3M | — |
| Total operating expenses | $7.55B | $8.63B | $9.28B | $8.97B | $7.27B | $3.92B | $4.12B | — |
| Operating income | $102.3M | $94.0M | $118.0M | $167.0M | $142.1M | $80.3M | $1.3M | — |
| Interest expense | $92.9M | $97.8M | $91.5M | $62.6M | $74.2M | $51.7M | $43.3M | — |
| Pre-tax income | $29.0M | $26.9M | $46.8M | $107.6M | $70.9M | $30.4M | -$40.5M | — |
| Income tax | $6.3M | $6.1M | $12.2M | $35.6M | $11.6M | $1.5M | $6.2M | — |
| Net income | $22.7M | $20.8M | $34.6M | $72.0M | $59.4M | $13.7M | -$43.5M | — |
| EPS, basic | 0.15 | 0.13 | 0.24 | 0.54 | 0.43 | 0.15 | -0.65 | — |
| EPS, diluted | 0.15 | 0.13 | 0.24 | 0.53 | 0.42 | 0.15 | -0.65 | — |
| Shares, diluted (wtd. avg.) | $115.0M | $116.9M | $119.6M | $123.2M | $125.4M | $71.1M | $66.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $305.0M | $261.8M | $218.1M | $298.5M | $252.1M | $293.7M | $32.1M | $29.9M |
| Short-term investments | $6.5M | $5.3M | $3.9M | $2.4M | $58.8M | $0 | — | — |
| Receivables | $87.3M | $95.8M | $134.7M | $118.1M | $62.3M | $46.9M | — | — |
| Inventory | $190.7M | $231.2M | $250.6M | $222.0M | $197.8M | $163.7M | — | — |
| Total current assets | $717.7M | $722.2M | $749.1M | $747.1M | $683.6M | $609.4M | — | — |
| Property, plant and equipment | $739.6M | $747.5M | $742.6M | $645.8M | $549.0M | $491.5M | — | — |
| Goodwill | $300.0M | $300.0M | $292.2M | $217.3M | $197.6M | $173.9M | $134.0M | — |
| Other intangibles | $160.1M | $182.4M | $214.6M | $197.1M | $186.0M | $218.1M | — | — |
| Total assets | $3.53B | $3.62B | $3.65B | $3.26B | $2.94B | $2.74B | — | — |
| Accounts payable | $156.6M | $190.2M | $213.7M | $217.4M | $172.9M | $155.7M | — | — |
| Short-term debt | $36.7M | $12.9M | $16.8M | $11.9M | $40.4M | $41.0M | — | — |
| Total current liabilities | $433.0M | $445.5M | $486.2M | $446.4M | $408.4M | $387.1M | — | — |
| Long-term debt | $875.5M | $868.1M | $828.6M | $740.0M | $676.6M | $708.8M | — | — |
| Total liabilities | $3.17B | $3.24B | $3.27B | $2.87B | $2.59B | $2.45B | — | — |
| Retained earnings | $100.5M | $97.2M | $96.1M | $81.8M | $26.6M | -$29.7M | — | — |
| Total equity | $267.2M | $276.9M | $276.1M | $280.9M | $253.7M | $191.4M | $194.9M | $224.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $192.6M | $221.9M | $136.1M | $209.3M | $159.2M | $173.8M | $43.3M | — |
| Depreciation and amortisation | $102.3M | $100.0M | $93.3M | $68.8M | $60.2M | $49.5M | $40.4M | — |
| Stock-based compensation | $15.2M | $12.3M | $15.0M | $12.2M | $5.8M | $1.9M | $516.0K | — |
| Capital expenditure | $127.3M | $113.9M | $111.2M | $98.6M | $226.2M | $44.6M | $58.3M | — |
| Investing cash flow | -$119.8M | -$114.9M | -$296.8M | -$175.5M | -$171.8M | -$407.6M | -$73.0M | — |
| Financing cash flow | -$41.5M | -$56.0M | $85.4M | $10.6M | -$26.4M | $491.0M | $31.7M | — |
| Dividends paid | $13.6M | $14.0M | $14.3M | $10.9M | $0 | $0 | — | — |
| Buybacks | $28.0M | $32.0M | $33.7M | $40.0M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-162839.