Arko Corp. ARKO

Consumer DiscretionaryOil & GasUnited States of America

Last close 3.85 USD on Nov 2, 2026, −13.8% year to date

Quant rating

Quant rating D Rank 242 of 344 in Consumer Discretionary

Growth C 152 of 344
Valuation A 38 of 344
Quality C 223 of 344
Revisions C 203 of 344
Momentum D 316 of 344

Wall Street consensus Buy (2.00)Average target 8.50 USD +120.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 432M
Enterprise value: 1.2B
52-week range: 3.61 – 8.76
3-year range: 3.61 – 8.76
Dividend yield: 3.17%
Beta (5 years): 0.99
Shares outstanding: 112M
Next earnings: Nov 5, 2026

About the company

Arko Corp. is operators of convenience stores and wholesalers of fuel in the United States. The Company operates through four segments: Retail Segment, Wholesale Segment, Fleet Fueling Segment, and GPMP Segment. The Retail segment includes the operation of a chain of retail stores, which includes convenience stores selling fuel products and other merchandise to retail customers. The Wholesale segment supplies fuel to dealers, on either a consignment or cost-plus basis. The Fleet Fueling segment includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites. The GPMP segment includes the operations of GPM Petroleum LP (GPMP), which primarily sells and supplies fuel to GPM Investments, LLC (GPM). It operates its stores under more than 25 regional store brands, including 1-Stop, Admiral, Apple Market, BreadBox, Corner Mart, Handy Mart, Jetz, Jiffi Stop, and others.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	7,643	8,732	9,413	9,143	7,417	–
Revenue growth	−12.5%	−7.2%	3.0%	23.3%	85.0%	13.8%
EPS (basic, normalized)	0.15	0.13	0.24	0.53	0.42	–
EPS growth	15.4%	−45.8%	−54.7%	26.2%	–	–
Gross margin	15.4%	14.6%	13.6%	12.5%	13.5%	13.9%
Net margin	0.2%	0.2%	0.3%	0.7%	0.7%	0.4%
ROE	6.1%	5.5%	9.1%	19.5%	17.6%	11.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	254
Current ratio	1.60x
Long-term debt (mil)	855
Net debt (mil)	792
Total equity (mil)	502
Net debt / equity	1.58x
Net debt / EBITDA	3.19x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	7,643	−12.5%	0.2x	249	+2.3%	4.9x	0.15	+15.4%	25.7x
2026	7,993	+4.6%	0.2x	256	+3.0%	4.8x	0.11	−26.7%	35.0x
2027	7,608	−4.8%	0.2x	265	+3.7%	4.6x	0.13	+18.2%	29.6x
2028	7,672	+0.8%	0.2x	278	+4.9%	4.4x	0.24	+84.6%	16.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	7,993	0.0%	+6.4%	+10.0%	0.11	0.0%	−62.1%	−57.7%
2027	7,608	0.0%	+3.1%	+3.0%	0.13	0.0%	−66.7%	−63.9%
2028	7,672	0.0%	+3.1%	+2.5%	0.24	0.0%	−33.3%	−33.3%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,072	2,388	2,279	1,992	1,829	2,000	2,021	1,794	1,772	2,347
Sales mean (mil)	2,079	2,361	2,412	2,131	1,846	2,052	1,987	1,812	1,652	1,986
Surprise	−0.3%	+1.2%	−5.5%	−6.5%	−0.9%	−2.6%	+1.7%	−1.0%	+7.3%	+18.2%
EPS reported	−0.02	0.11	0.07	−0.03	−0.12	0.16	0.10	0.00	−0.07	0.04
EPS mean	−0.20	0.06	0.12	0.01	−0.17	0.10	0.12	−0.01	−0.16	0.15
Surprise	+90.2%	+83.3%	−40.4%	−500.0%	+29.4%	+68.4%	−13.0%	−140.0%	+56.2%	−73.3%

Peer comparison Oil & Gas

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ARKO Arko Corp.	432M	3.19x	0.2%	0.86x	35.0x	29.6x	4.8x	4.6x
MUSA Murphy USA Inc.	9.3B	1.97x	2.4%	11.70x	14.5x	17.1x	8.9x	9.9x
UGP Ultrapar Participacoes SA	6.6B	–	1.9%	1.85x	6.2x	8.6x	2.0x	2.6x
APC Arko Petroleum Corp	714M	–	0.6%	2.77x	14.9x	16.3x	6.2x	5.3x
PBAJ Petro USA Inc	4M	–	–	–	–	–	–	–
ABBY Abby Inc	0M	–	–	–	–	–	–	–
Mean		2.58x	1.3%	4.29x	17.7x	17.9x	5.5x	5.6x
Median		2.58x	1.2%	2.31x	14.7x	16.7x	5.5x	5.0x

Technical analysis

1M−7.7%
3M−51.5%
1Y−10.5%
3Y−46.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Arko Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	7,643	8,732	9,413	9,143	7,417	4,010
Cost of revenue	6,463	7,459	8,129	8,003	6,419	3,219
Gross profit	1,181	1,272	1,284	1,140	998	791
Selling, general & administrative expenses	949	1,038	1,025	861	755	627
Research & development	–	–	–	–	–	–
Depreciation/amortization	134	132	128	102	97.2	74.4
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−13.5	12.0	15.3	13.9	–	–
Other operating expenses	9.0	−4.1	−2.6	−4.1	3.5	9.2
Operating income	102	94.0	118	167	142	80.3
Net interest income (expense)	−74.3	−67.2	−71.2	−59.4	−71.2	−49.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	1.0	0	0	0	0	0
Net income before taxes	29.0	26.9	46.8	108	70.9	30.4
Provision for taxes	6.3	6.1	12.2	35.6	11.6	−1.5
Minority interest	0	0	−0.2	−0.2	−0.2	−16.9
Equity in affiliates	0.1	0.1	0	−0.1	0.2	−1.3
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	22.7	20.8	34.4	71.7	59.2	13.7
Extraordinary items	–	–	–	–	–	–
Net income	22.7	20.8	34.4	71.7	59.2	13.7
EBIT, normalized	88.6	106	133	181	147	87.4
EBITDA, normalized	223	238	261	283	244	162
Basic EPS, normalized	0.15	0.13	0.24	0.53	0.42	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Arko Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	311	267	222	301	311	294
Receivables	121	142	200	164	118	92.9
Total inventory	191	231	251	222	198	164
Prepaid expenses	–	25.0	21.4	15.5	13.1	11.2
Other current assets	94.4	56.6	54.8	44.8	43.4	48.0
Total current assets	718	722	749	747	684	609
Property, plant & equipment	2,225	2,292	2,290	2,031	1,806	1,651
Goodwill	300	300	292	217	198	174
Intangibles	160	182	215	197	186	218
Long-term investments	3.1	3.0	2.9	2.9	3.0	2.7
Note receivable	–	–	–	–	–	–
Other long-term assets	129	121	102	59.6	65.7	84.2
Total assets	3,535	3,621	3,650	3,255	2,942	2,740
Liabilities
Accounts payable	157	190	214	217	173	156
Payable/accrued	–	–	–	–	–	–
Accrued expenses	202	189	199	178	165	154
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	49.9	24.5	26.0	17.4	46.8	48.8
Other current liabilities	24.3	41.6	48.0	33.8	24.2	28.1
Total current liabilities	433	445	486	446	408	387
Long-term debt	1,075	1,079	1,042	966	906	935
Minority interest	0	0	0	0.1	0.2	−0.2
Other liabilities	1,659	1,719	1,746	1,462	1,274	1,100
Total liabilities	3,168	3,244	3,274	2,874	2,589	2,422
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	292	277	245	230	215	239
Retained earnings (accumulated deficit)	101	97.2	96.1	81.8	29.5	−30.2
Treasury stock	−134	−106	−74.1	−40.0	–	–
Other equity	109	109	109	109	109	109
Total equity	367	377	376	381	353	318
Total liabilities & shareholders' equity	3,535	3,621	3,650	3,255	2,942	2,740

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Arko Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	22.7	20.8	34.6	72.0	59.4	30.1
Depreciation, depletion & amortization	134	132	128	102	97.2	74.4
Deferred taxes	5.1	−12.8	−4.7	22.3	4.8	−4.7
Non-cash items	9.4	5.1	25.3	18.8	17.8	18.9
Changes in working capital	20.9	76.3	−46.7	−5.5	−20.1	55.2
Cash from operations	193	222	136	209	159	174
Investing activities
Capital expenditures	−127	−114	−111	−98.8	−226	−44.7
Other investing cash flows	7.6	−0.9	−186	−76.7	54.7	−363
Cash from investing	−120	−115	−297	−175	−172	−408
Financing activities
Financing cash flow items	−3.2	−20.5	76.9	48.8	35.3	−30.4
Cash dividends paid	−19.4	−19.8	−20.0	−16.6	−5.9	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−18.9	−15.7	28.5	−21.6	−55.8	521
Cash from financing	−41.5	−56.0	85.4	10.6	−26.4	491
Foreign exchange effects	0	0	0	−0.1	−1.5	2.9
Net change in cash	31.3	51.0	−75.3	44.2	−40.4	260
Free cash flow	65.2	108	24.9	110	−67.3	129

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.