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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.
Revenue declined 12.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 40% versus the prior year, cash generation momentum has weakened. Net debt of $2.27B represents 34.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$7.59B
▼ -12.5% YoY
Net Income (TTM)
$29M
▲ +9.1% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$38M
▼ -39.5% YoY
Op. Cash Flow (TTM)
$168M
▼ -13.2% YoY
Net Debt
$2.07B
Cash & Equiv.
$279M
5Y CAGR: +13.8%
5Y CAGR: -12.8%
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