ARKO

MKT CAP:$749M

Arko Corp.

Market Cap

$749M

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Specialty Retail·🇺🇸·NASDAQ

Stock Price

$6.73+$2.26 (+50.56%)

Apr 17, 2026

Company Details

Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment...

CEO

Arie Kotler

IPO Date

Jul 23, 2019

Website

www.arkocorp.com

Key Metrics TTM

Revenue

$7.6B

-12.5% YoY

Net Income

$23M

EPS (Diluted)

$0.14

Free Cash Flow

$65M

Revenue / Share

$66.48

Gross Margin

11.8%

Operating Margin

1.4%

Net Margin

0.3%

FCF Margin

0.9%

P/S

0.1x

P/E

32.9x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 25, 2026

$7.6B-12.5%EPS $0.15

Q4 2025

Feb 25, 2026

$1.8B-9.9%EPS $0.00

Q3 2025

Nov 5, 2025

$2.0B-11.3%EPS $0.10

Q2 2025

Aug 6, 2025

$2.0B-16.3%EPS $0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$1.9B	$521M	$46M
Q3 21	$2.0B	$550M	$55M
Q4 21	$2.0B	$88M	$28M
Q2 22	$2.5B	$107M	$48M
Q3 22	$2.4B	$129M	$66M
Q4 22	$2.2B	$106M	$34M
Q2 23	$2.5B	$338M	$40M
Q3 23	$2.6B	$126M	$44M
Q1 24	$2.1B	$71M	-$5M
Q2 24	$2.4B	$119M	$43M
Q3 24	$2.3B	$114M	$42M
Q4 24	$2.0B	$92M	$14M
Q1 25	$1.8B	$67M	-$12M
Q2 25	$2.0B	$114M	$57M
Q3 25	$2.0B	$111M	$36M
Q4 25	$1.8B	$614M	$29M

Valuation

Quarter	P/S	P/E
Q2 21	0.2x	—
Q3 21	0.1x	15.4x
Q4 21	0.1x	10.9x
Q2 22	0.1x	7.1x
Q3 22	0.1x	7.1x
Q4 22	0.1x	9.1x
Q2 23	0.1x	8.9x
Q3 23	0.1x	10.2x
Q1 24	0.1x	15.6x
Q2 24	0.1x	15.2x
Q3 24	0.1x	16.8x
Q4 24	0.1x	35.9x
Q1 25	0.1x	85.4x
Q2 25	0.1x	50.6x
Q3 25	0.1x	40.3x
Q4 25	0.1x	32.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$48M	$32M
Q3 21	$61M	$45M
Q4 21	$40M	-$138M
Q2 22	$42M	$17M
Q3 22	$68M	$40M
Q4 22	$69M	$44M
Q2 23	$30M	$3M
Q3 23	$33M	$7M
Q1 24	$13M	-$16M
Q2 24	$77M	$58M
Q3 24	$109M	$80M
Q4 24	$23M	-$13M
Q1 25	$43M	$16M
Q2 25	$55M	$10M
Q3 25	$49M	$25M
Q4 25	$45M	$15M

Capital Expenditures

Quarter	CapEx
Q2 21	$15M
Q3 21	$16M
Q4 21	$178M
Q2 22	$25M
Q3 22	$28M
Q4 22	$26M
Q2 23	$27M
Q3 23	$26M
Q1 24	$29M
Q2 24	$19M
Q3 24	$29M
Q4 24	$36M
Q1 25	$27M
Q2 25	$45M
Q3 25	$25M
Q4 25	$30M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+115.5%	+113.6%
Q3 21	+159.4%	+152.8%
Q4 21	+98.8%	+100.4%
Q2 22	+158.2%	+160.0%
Q3 22	+28.3%	+27.9%
Q4 22	+7.1%	+8.4%
Q2 23	+24.2%	+24.0%
Q3 23	+3.2%	+3.5%
Q1 24	-15.4%	-12.9%
Q2 24	+9.5%	+9.3%
Q3 24	-7.7%	-7.9%
Q4 24	-24.0%	-23.3%
Q1 25	-11.8%	-11.4%
Q2 25	-16.3%	-17.2%
Q3 25	-11.3%	-11.3%
Q4 25	-9.9%	-10.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$1M	0.1%
Q3 21	$2M	0.1%
Q4 21	$2M	0.1%
Q2 22	$3M	0.1%
Q3 22	$3M	0.1%
Q4 22	$3M	0.1%
Q2 23	$5M	0.2%
Q3 23	$5M	0.2%
Q1 24	$648.0K	0.0%
Q2 24	$3M	0.1%
Q3 24	$5M	0.2%
Q4 24	$4M	0.2%
Q1 25	$3M	0.2%
Q2 25	$4M	0.2%
Q3 25	$4M	0.2%
Q4 25	-$10M	-0.5%

OpEx Breakdown

Quarter	G&A	S&M
Q2 21	$31M	$155M
Q3 21	$32M	$165M
Q4 21	$33M	—
Q2 22	$33M	—
Q3 22	$36M	—
Q4 22	$39M	—
Q2 23	$43M	—
Q3 23	$44M	—
Q1 24	$42M	—
Q2 24	$42M	—
Q3 24	$39M	—
Q4 24	$40M	—
Q1 25	$42M	—
Q2 25	$41M	—
Q3 25	$40M	—
Q4 25	$43M	—

Revenue Segments

Quarter	Fuel	Merchandise Revenue	Other Revenue	Fuel Products	Merchandise Products	Other Product
Q2 21	$1.5B	$426M	—	—	—	—
Q3 21	$1.6B	$435M	$20M	—	—	—
Q2 22	$2.1B	$432M	$23M	—	—	—
Q3 22	$2.0B	$446M	$24M	—	—	—
Q2 23	$2.0B	$485M	$27M	—	—	—
Q3 23	$2.1B	$506M	$29M	—	—	—
Q1 24	—	—	—	$1.6B	$415M	$26M
Q2 24	—	—	—	$1.9B	$474M	$26M
Q3 24	—	—	—	$1.8B	$470M	$26M
Q1 25	—	—	—	$1.4B	$354M	$28M
Q2 25	—	—	—	$1.6B	$400M	$30M
Q3 25	—	—	—	$1.6B	$390M	$31M
Q4 25	—	—	—	$1.4B	$338M	$34M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$241M	$59M	$300M
Q2 22	$249M	$34M	$282M
Q3 22	$283M	$2M	$285M
Q4 22	$299M	$2M	$301M
Q1 23	$256M	$3M	$259M
Q2 23	$220M	$3M	$223M
Q3 23	$204M	$3M	$208M
Q4 23	$218M	$4M	$222M
Q1 24	$184M	$5M	$189M
Q2 24	$232M	$5M	$237M
Q3 24	$292M	$5M	$297M
Q4 24	$262M	$5M	$267M
Q1 25	$265M	$6M	$271M
Q2 25	$294M	$6M	$300M
Q3 25	$326M	$6M	$332M
Q4 25	$305M	$6M	$311M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	133M	-82.5%	-82.5%
Q3 21	134M	+0.7%	-82.7%
Q4 21	125M	-6.7%	-83.3%
Q2 22	131M	+4.5%	-82.8%
Q3 22	130M	-0.1%	-2.0%
Q4 22	122M	-6.8%	-9.3%
Q2 23	121M	-0.2%	-2.9%
Q3 23	120M	-0.8%	-7.9%
Q1 24	117M	-2.5%	-10.1%
Q2 24	117M	-0.3%	-3.8%
Q3 24	118M	+0.9%	-2.8%
Q4 24	116M	-1.8%	-3.8%
Q1 25	116M	+0.1%	-1.2%
Q2 25	115M	-0.4%	-1.3%
Q3 25	115M	-0.2%	-2.3%
Q4 25	115M	-0.2%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$184.0K	10K
Q3 21	$196.1K	10K
Q4 21	$176.9K	11K
Q2 22	$226.1K	11K
Q3 22	$218.0K	11K
Q4 22	$178.4K	12K
Q2 23	$202.0K	12K
Q3 23	$214.5K	12K
Q1 24	$153.7K	13K
Q2 24	$177.2K	13K
Q3 24	$169.1K	13K
Q4 24	$169.2K	12K
Q1 25	$155.4K	12K
Q2 25	$169.9K	12K
Q3 25	$171.7K	12K
Q4 25	$184.1K	10K

Revenue / Employee