ARKO Corp. (ARKO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.15	$0.04	-73.3%	—	$2.3B	—
Q1 26	-$0.16	-$0.07	+56.3%	—	$1.8B	—
Q3 25	$0.11	$0.15	+36.4%	—	$2B	—
Q2 25	$0.09	$0.1	+11.1%	—	$2B	—
Q1 25	-$0.16	-$0.08	+50.0%	—	$1.8B	—
Q4 24	$0.01	-$0.03	-400.0%	—	$2B	—
Q3 24	$0.07	$0.09	+28.6%	—	$2.3B	—
Q2 24	$0.1	$0.13	+30.0%	—	$2.4B	—
Q1 24	-$0.13	-$0.01	+92.3%	—	$2.1B	—
Q4 23	$0.11	$0.01	-90.9%	—	$2.2B	—
Q3 23	$0.14	$0.17	+21.4%	—	$2.6B	—
Q2 23	$0.19	$0.11	-42.1%	—	$2.5B	—
Q1 23	$0.06	-$0.03	-150.0%	—	$2.1B	—
Q4 22	$0.1	$0.09	-10.0%	—	$2.2B	—
Q3 22	$0.29	$0.17	-41.4%	—	$2.4B	—
Q2 22	$0.19	$0.24	+26.3%	—	$2.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.15	—	—	$7.6B	—
FY24	—	$0.13	—	—	$8.7B	—
FY23	—	$0.24	—	—	$9.4B	—
FY22	—	$0.54	—	—	$9.1B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.1B	$4.1B	$4B	$7.4B	$9.1B	$9.4B	$8.7B	$7.6B
YoY change	—	+1.57%	-2.87%	+85%	+23.3%	+2.95%	-7.23%	-12.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.1B	4.1B	4B	7.4B	9.1B	9.4B	8.7B	7.6B
Cost of revenue	3.9B	4B	3.8B	7B	8.7B	9B	8.3B	7.2B
Gross profit	141.2M	136.8M	258.4M	367.5M	418.6M	423.6M	397.2M	395.5M
Gross margin	3.47%	3.31%	6.44%	4.95%	4.58%	4.5%	4.55%	5.17%
Research & development	—	—	—	—	—	—	—	—
Selling, general & administrative	62M	69.3M	94.4M	124.7M	140M	165.3M	162.9M	165.7M
Operating expenses	51.5M	73M	103.7M	128.2M	149.8M	178M	170.8M	158.8M
Operating income	35.9M	1.3M	80.3M	142.1M	167M	118M	94M	102.3M
Operating margin	0.88%	0.03%	2%	1.92%	1.83%	1.25%	1.08%	1.34%
Non-operating income, net	—	—	—	—	—	—	—	—
Pretax income	16M	-40.5M	30.4M	70.9M	107.6M	46.8M	26.9M	29M
Income tax	-7.9M	6.2M	-1.5M	11.6M	35.6M	12.2M	6.1M	6.3M
Net income	23.5M	-47.2M	30.6M	59.4M	72M	34.6M	20.8M	22.7M
Net margin	0.58%	-1.14%	0.76%	0.8%	0.79%	0.37%	0.24%	0.3%
EBITDA	99.7M	65.2M	156.5M	242.3M	271.9M	265.9M	257M	256.3M
EPS	0.16	-0.65	0.14	0.43	0.54	0.24	0.13	0.15
Diluted EPS	0.16	-0.65	0.14	0.42	0.53	0.24	0.13	0.15

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.6B	2.2B	2.1B	2.4B	2.3B	2B	1.8B	2B	2B	1.8B	1.8B	2.3B
Cost of revenue	2.5B	2.1B	2B	2B	2.2B	1.9B	1.8B	1.7B	1.9B	1.7B	1.7B	2B
Gross profit	125.8M	97.2M	71.5M	342.9M	114.5M	92M	67M	316.2M	110.9M	103.9M	86.4M	297.6M
Gross margin	4.8%	4.35%	3.45%	14.4%	5.02%	4.62%	3.66%	15.8%	5.49%	5.79%	4.88%	12.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	44.1M	38.1M	42.2M	42.4M	38.6M	39.7M	41.6M	40.7M	40M	43.3M	40M	43.7M
Operating expenses	48M	39.3M	44.6M	266.4M	39.8M	43.7M	43.8M	243.2M	42.1M	43.3M	44M	235.1M
Operating income	44.1M	25.3M	-4.9M	42.9M	41.6M	14.4M	-11.8M	39.4M	37.9M	34.5M	10M	30.4M
Operating margin	1.68%	1.13%	-0.23%	1.8%	1.82%	0.72%	-0.64%	1.97%	1.88%	1.92%	0.57%	1.29%
Non-operating income, net	—	—	—	—	—	—	—	17.3M	-2M	—	—	—
Pretax income	29.5M	2.4M	-7.3M	21.6M	17.9M	-5.3M	-25.6M	37.2M	15.8M	1.6M	-8.1M	16.4M
Income tax	8M	1.3M	-6.7M	7.5M	8.3M	-3M	-12.9M	17.1M	2.4M	-204K	-2.5M	6.9M
Net income	21.5M	1.1M	-594K	14.1M	9.7M	-2.3M	-12.7M	20.1M	13.5M	1.9M	-5.6M	9.4M
Net margin	0.82%	0.05%	-0.03%	0.59%	0.42%	-0.12%	-0.69%	1.01%	0.67%	0.1%	-0.32%	0.4%
EBITDA	87.2M	59.3M	48.9M	79.9M	77.8M	52.5M	32.6M	94M	72.2M	57.6M	45M	68.3M
EPS	0.17	—	-0.02	0.11	0.07	-0.03	-0.12	0.16	0.11	0	-0.07	0.04
Diluted EPS	0.17	—	-0.02	0.11	0.07	-0.03	-0.12	0.16	0.1	0	-0.07	0.04

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	670.4M	639.7M	—	1.1B	980M	765.4M	514.4M	477.9M
Enterprise value	—	2B	2.4B	—	3B	3.3B	3.1B	2.8B	2.7B
Shares outstanding	69.2M	66.7M	71.1M	124.4M	121.5M	118.8M	116.1M	113.3M	113.3M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	20.9	—	14.6	28.4	36.7	22.6	53.5
P/S	—	0.16	0.16	—	0.12	0.1	0.09	0.07	0.07
P/B	—	3.44	2.19	—	2.76	2.61	2.03	1.4	1.19
EV/EBITDA	—	31	15	—	11.1	12.4	12	10.8	11
EV/Sales	—	0.49	0.59	—	0.33	0.35	0.35	0.36	0.4
Earnings yield	—	—	4.79%	—	6.84%	3.53%	2.72%	4.42%	1.87%
FCF yield	—	-2.23%	20.2%	—	10.5%	2.54%	14.1%	12.7%	3.46%
PEG	—	—	—	—	—	—	—	—	-0.71

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	3.47%	3.31%	6.44%	4.95%	4.58%	4.5%	4.55%	5.17%	12.7%
Operating margin	0.88%	0.03%	2%	1.92%	1.83%	1.25%	1.08%	1.34%	1.62%
Net margin	0.58%	-1.14%	0.76%	0.8%	0.79%	0.37%	0.24%	0.3%	0.21%
ROE	—	-24.2%	10.5%	16.8%	18.9%	9.19%	5.53%	6.19%	4.09%
ROA	—	-2.55%	1.12%	2.02%	2.21%	0.95%	0.58%	0.64%	1.99%
ROIC	—	0.09%	4.01%	5.59%	4.78%	3.25%	2.69%	3.03%	3.16%
Return on tangible assets	—	-3.08%	1.57%	2.73%	2.97%	1.31%	0.78%	0.87%	0.72%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	0.85	1.57	1.67	1.67	1.54	1.62	1.66	1.6
Quick ratio	—	0.39	1.15	1.19	1.18	1.03	1.1	1.22	1.15
Debt / equity	—	7.09	6.89	5.88	5.93	6.73	6.86	7.02	4.09
Debt / assets	—	0.75	0.73	0.71	0.69	0.69	0.71	0.73	0.66
Net debt / EBITDA	—	20.7	10.9	7.3	7.2	8.68	9.01	8.84	8.56
Interest coverage	1.53	0.06	1.59	1.96	2.72	1.51	1.27	1.31	1.3
Effective tax rate	0%	0%	0%	16.4%	33%	26%	22.9%	21.9%	25.7%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	58.7	61.9	56.4	59.6	75.3	79.2	75.2	67.5	61.6
EPS (basic)	0.16	-0.65	0.14	0.43	0.54	0.24	0.13	0.15	0.15
EPS (diluted)	0.16	-0.65	0.14	0.42	0.53	0.24	0.13	0.15	0.08
Book value per share	—	2.92	4.1	2.84	3.14	3.17	3.24	3.24	3.58
FCF per share	0.1	-0.22	1.82	-0.54	0.91	0.21	0.93	0.58	0.32
Cash per share	—	0.48	4.13	2.5	2.48	1.87	2.3	2.75	2.26
Capex per share	0.72	0.59	0.61	0.47	1.56	1.68	0.52	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.22%	0.95%	1.08%	0.79%	2.07%	2.11%	0.69%	—	—
Capex / operating cash flow	106.8%	116.1%	27%	37.9%	91.9%	142.9%	26.8%	—	—
Payout ratio	—	0%	0%	9.91%	23.1%	57.9%	94.8%	85.2%	150%
Dividend yield	—	0%	0%	—	1.58%	2.04%	2.58%	3.77%	2.81%

Yield

2.81%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.03

ex-dividend Aug 20, 2026

Payout ratio

150%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 20, 2026	$0.03
May 18, 2026	$0.03
Mar 10, 2026	$0.03
Nov 17, 2025	$0.03
Aug 18, 2025	$0.03
May 19, 2025	$0.03
Mar 10, 2025	$0.03
Nov 19, 2024	$0.03

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	32.1M	293.7M	310.9M	300.9M	222M	267.1M	311.5M
Receivables	23.2M	46.9M	62.3M	118.1M	134.7M	95.8M	87.3M
Inventory	157.8M	163.7M	197.8M	222M	250.6M	231.2M	190.7M
Total current assets	290.1M	609.4M	683.6M	747.1M	749.1M	722.2M	717.7M
Property, plant & equipment	1.2B	1.5B	2.1B	1.8B	2B	2B	1.9B
Goodwill & intangibles	317.8M	784.1M	767.3M	828.8M	1B	964.7M	920.2M
Total assets	1.8B	2.7B	2.9B	3.3B	3.7B	3.6B	3.5B
Accounts payable	128.8M	155.7M	172.9M	217.4M	213.7M	190.2M	156.6M
Short-term debt	144.1M	97.7M	98M	75M	93M	96M	128.1M
Total current liabilities	340.5M	387.1M	408.4M	446.4M	486.2M	445.5M	433M
Long-term debt	1.2B	1.9B	2B	2.2B	2.4B	2.5B	2.4B
Total liabilities	1.7B	2.4B	2.6B	2.9B	3.3B	3.2B	3.2B
Shareholders' equity	194.9M	291.4M	353.7M	380.9M	376.1M	376.9M	367.2M
Total debt	1.4B	2B	2.1B	2.3B	2.5B	2.6B	2.6B
Net debt	1.3B	1.7B	1.8B	2B	2.3B	2.3B	2.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	207.6M	222M	189.1M	236.5M	296.8M	267.1M	271.1M	299.7M	313.2M	311.5M	279.3M	253.7M
Receivables	179.5M	134.7M	158.7M	155.6M	117.9M	95.8M	110M	112.3M	112.3M	87.3M	160.3M	151.1M
Inventory	266.1M	250.6M	250.4M	251.1M	236.5M	231.2M	220.7M	207.2M	202.3M	190.7M	206.3M	208.5M
Total current assets	786.2M	749.1M	735.6M	769.8M	779.9M	722.2M	719.2M	743.5M	753.2M	717.7M	769.7M	744.5M
Property, plant & equipment	2.3B	2B	2.3B	2.3B	2.3B	2B	2.3B	2.3B	2.2B	1.9B	2.2B	2.2B
Goodwill & intangibles	982.1M	1B	999.2M	988.2M	976.1M	964.7M	953.5M	942.2M	931.1M	920.2M	909.1M	897.7M
Total assets	3.7B	3.7B	3.6B	3.7B	3.7B	3.6B	3.6B	3.6B	3.6B	3.5B	3.6B	3.6B
Accounts payable	249.4M	213.7M	234M	239.2M	209.1M	190.2M	196.8M	189.2M	180.4M	156.6M	202.3M	198.8M
Short-term debt	90.6M	93M	95.1M	97.8M	96.7M	96M	98.7M	127.9M	126.4M	128.1M	99.5M	103M
Total current liabilities	527.9M	486.2M	479.6M	488.4M	479.3M	445.5M	462.9M	481M	465.6M	433M	475.1M	464.2M
Long-term debt	2.5B	2.4B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	2.4B	2.3B	2.2B
Total liabilities	3.3B	3.3B	3.3B	3.3B	3.3B	3.2B	3.2B	3.2B	3.2B	3.2B	3B	3B
Shareholders' equity	386.8M	376.1M	361.2M	373.1M	380M	376.9M	355.2M	364.8M	373.1M	367.2M	560.1M	570.8M
Total debt	2.5B	2.5B	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B	2.4B	2.3B
Net debt	2.3B	2.3B	2.4B	2.4B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.1B	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	23.5M	-47.2M	30.6M	59.4M	72M	34.6M	20.8M	22.7M
Depreciation & amortization	53.8M	62.4M	74.4M	97.2M	101.8M	127.6M	132.4M	134.5M
Stock-based compensation	490K	516K	1.9M	5.8M	12.2M	15M	9.7M	15.2M
Change in working capital	25.4M	13.4M	55.2M	-20.1M	-5.5M	-46.7M	76.3M	41.7M
Operating cash flow	46.6M	33.8M	160.5M	154.9M	206M	139.3M	225.3M	192.6M
Capital expenditure	-49.7M	-39.3M	-43.3M	58.6M	189.3M	199.1M	-60.4M	—
Investing cash flow	-104.7M	-73M	-407.5M	-198.6M	-234.2M	-296.8M	-114.9M	379K
Dividends paid	—	0	0	-5.9M	-16.6M	-20M	-19.8M	-19.4M
Share repurchases	—	—	0	0	-40M	-33.7M	-32M	-28M
Financing cash flow	45.8M	31.7M	479.7M	-26.4M	10.6M	95.2M	-56M	-41.5M
Net change in cash	-12.2M	-7.5M	232.7M	-70.1M	-17.7M	-62.3M	54.4M	151.4M
Free cash flow	6.9M	-15M	129.2M	-67.3M	110.5M	24.9M	107.9M	65.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	21.5M	1.1M	-594K	14.1M	9.7M	-2.3M	-12.7M	20.1M	13.5M	1.9M	-5.6M	9.4M
Depreciation & amortization	33.7M	32.6M	31.7M	33.6M	33.1M	34M	34.9M	33.6M	32.9M	33M	32.4M	32.2M
Stock-based compensation	4.6M	1.8M	3.3M	5.5M	2.1M	4.1M	3.3M	3.7M	3.9M	4.3M	4M	6.1M
Change in working capital	-37.5M	17.1M	1.8M	22.4M	57.5M	-5.3M	38.9M	1M	-4.9M	6.6M	-7.3M	-11.4M
Operating cash flow	36.4M	55.7M	20.5M	77.6M	112.3M	14.9M	48.7M	55.2M	49.4M	44.6M	18.7M	42.2M
Capital expenditure	-14.9M	-32.4M	-27.2M	29M	-28.2M	-33.9M	-26.9M	—	—	—	—	—
Investing cash flow	-28.2M	-33.4M	-28.2M	-24.5M	-28.3M	-33.9M	-26.9M	16K	17K	331K	—	—
Dividends paid	-5M	-4.9M	-5M	-4.9M	-4.9M	-4.9M	-4.9M	-4.8M	-4.8M	-4.8M	-4.8M	-4.8M
Share repurchases	-11.6M	-8.5M	-31.9M	-68K	0	0	-7.4M	-9.2M	-4.2M	-7.2M	-4.3M	-212K
Financing cash flow	-19.4M	469K	-20.3M	-7.4M	-12.9M	-15.4M	-19.4M	15.3M	-16.9M	-17.3M	-23.9M	-42.4M
Net change in cash	-11.2M	22.8M	-27.9M	45.7M	71.1M	-34.5M	2.5M	70.5M	32.5M	27.6M	-5.2M	-214K
Free cash flow	7.2M	21.7M	-16.5M	57.9M	79.9M	-13.4M	16M	9.8M	24.5M	14.8M	-11.6M	8.9M

ARKO Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement