Latest Ratios: P/E Ratio 27.8x · EV/EBITDA 17.4x · ROE 6.1%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $468M | $522M | $771M | $987M | $1.1B | $1.1B | $4.0B | $4.4B | — | — | — |
| Enterprise Value | $4.1B | $4.2B | $3.1B | $3.3B | $3.0B | $2.9B | $5.7B | $5.8B | — | — | — |
| P/E Ratio → | 27.80 | 30.27 | 50.69 | 34.38 | 16.34 | 20.88 | 126.76 | — | — | — | — |
| P/S Ratio | 0.06 | 0.07 | 0.09 | 0.10 | 0.12 | 0.15 | 0.99 | 1.08 | — | — | — |
| P/B Ratio | 1.31 | 1.42 | 2.05 | 2.62 | 2.80 | 3.11 | 13.66 | 22.81 | — | — | — |
| P/FCF | 7.17 | 8.00 | 7.14 | 39.65 | 9.66 | — | 30.82 | — | — | — | — |
| P/OCF | 2.43 | 2.71 | 3.47 | 7.25 | 5.10 | 6.91 | 22.90 | 102.67 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.55 | 0.35 | 0.35 | 0.33 | 0.39 | 1.42 | 1.40 | — | — | — |
| EV / EBITDA | 17.38 | 17.61 | 13.66 | 13.43 | 11.26 | 12.24 | 36.69 | 90.94 | — | — | — |
| EV / EBIT | 40.22 | 34.21 | 24.82 | 23.85 | 17.79 | 20.19 | 69.15 | 2088.35 | — | — | — |
| EV / FCF | — | 63.92 | 28.65 | 132.54 | 27.40 | — | 43.95 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.2% | 5.2% | 4.5% | 4.5% | 4.6% | 5.0% | 6.4% | 3.3% | 3.5% | 2.5% | 20.2% |
| Operating Margin | 1.3% | 1.3% | 1.1% | 1.3% | 1.8% | 1.9% | 2.0% | 0.0% | 0.9% | 1.0% | 1.3% |
| Net Profit Margin | 0.3% | 0.3% | 0.2% | 0.4% | 0.8% | 0.8% | 0.3% | -1.1% | 0.3% | -0.2% | -0.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.1% | 6.1% | 5.5% | 9.1% | 19.5% | 18.4% | 5.6% | -20.8% | 5.0% | -3.0% | -4.5% |
| ROA | 0.6% | 0.6% | 0.6% | 1.0% | 2.3% | 2.1% | 0.6% | -3.0% | 1.2% | -0.8% | -1.0% |
| ROIC | 2.3% | 2.3% | 2.6% | 3.5% | 5.5% | 5.1% | 3.4% | 0.1% | 4.8% | 5.1% | 6.0% |
| ROCE | 3.3% | 3.3% | 3.0% | 4.0% | 6.3% | 5.8% | 4.2% | 0.1% | 5.3% | 5.6% | 6.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 10.76 | 10.76 | 6.86 | 6.73 | 5.93 | 5.88 | 6.89 | 7.09 | 2.05 | 1.39 | 1.72 |
| Debt / EBITDA | 16.69 | 16.69 | 11.41 | 10.30 | 8.40 | 8.70 | 12.97 | 21.68 | 5.12 | 4.41 | 5.40 |
| Net Debt / Equity | — | 9.93 | 6.16 | 6.15 | 5.15 | 5.17 | 5.82 | 6.93 | 1.84 | 1.23 | 1.48 |
| Net Debt / EBITDA | 15.40 | 15.40 | 10.25 | 9.41 | 7.29 | 7.64 | 10.96 | 21.18 | 4.59 | 3.90 | 4.64 |
| Debt / FCF | — | 55.91 | 21.51 | 92.89 | 17.74 | — | 13.12 | — | 59.85 | — | — |
| Interest Coverage | 1.31 | 1.31 | 1.27 | 1.51 | 2.72 | 1.96 | 1.59 | 0.06 | 1.53 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.66 | 1.66 | 1.62 | 1.54 | 1.67 | 1.67 | 1.57 | 0.85 | 0.97 | 1.02 | 1.07 |
| Quick Ratio | 1.22 | 1.22 | 1.10 | 1.03 | 1.18 | 1.19 | 1.04 | 0.39 | 0.47 | 0.56 | 0.58 |
| Cash Ratio | 0.72 | 0.72 | 0.60 | 0.46 | 0.67 | 0.76 | 0.80 | 0.09 | 0.17 | 0.14 | 0.21 |
| Asset Turnover | — | 2.16 | 2.41 | 2.58 | 2.81 | 2.52 | 1.46 | 2.23 | 3.77 | 3.76 | 2.69 |
| Inventory Turnover | 38.01 | 38.01 | 36.05 | 35.87 | 39.31 | 35.64 | 18.22 | 25.31 | 27.66 | 26.87 | 16.48 |
| Days Sales Outstanding | — | 4.17 | 5.95 | 7.77 | 6.54 | 5.82 | 4.50 | 5.29 | 5.10 | 3.37 | 3.69 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.8% | 2.6% | 1.8% | 1.4% | 1.0% | 0.5% | — | — | — | — | — |
| Payout Ratio | 59.9% | 59.9% | 67.2% | 41.5% | 15.2% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 3.3% | 2.0% | 2.9% | 6.1% | 4.8% | 0.8% | — | — | — | — |
| FCF Yield | 13.9% | 12.5% | 14.0% | 2.5% | 10.4% | — | 3.2% | — | — | — | — |
| Buyback Yield | 6.0% | 5.4% | 4.2% | 3.4% | 3.8% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 8.8% | 8.0% | 6.0% | 4.9% | 4.8% | 0.5% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $115M | $117M | $120M | $123M | $125M | $442M | $442M | $766M | $759M | $592M |
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying ARKO stock.
Arko Corp.'s current P/E ratio is 27.8x. The historical average is 46.6x. This places it at the 33th percentile of its historical range.
Arko Corp.'s current EV/EBITDA is 17.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.0x.
Arko Corp.'s return on equity (ROE) is 6.1%. The historical average is 2.6%.
Based on historical data, Arko Corp. is trading at a P/E of 27.8x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Arko Corp.'s current dividend yield is 2.84% with a payout ratio of 59.9%.
Arko Corp. has 5.2% gross margin and 1.3% operating margin.
Arko Corp.'s Debt/EBITDA ratio is 16.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Extreme Leverage and Volatile Margins
Metrics are mathematically derived from official filings.
Valuation Disconnect from Core Earnings Power
ARKO's P/E of 32.20 and EV/EBITDA of 17.69 appear elevated relative to its volatile, low-margin core operations, suggesting the market may be pricing in a transformation or asset value not reflected in current earnings.
The forward P/E of 43.91 indicates analysts expect a significant earnings recovery, yet the company's trailing net margin has been as low as -0.7%. The P/S ratio of 0.07 is exceptionally low, which is typical for high-volume, low-margin fuel retailers, but the valuation multiples seem disconnected from the underlying profitability profile shown in the ratio data.
Margin Volatility Dominates Earning Power
ARKO's gross margin is exceptionally volatile, ranging from 3.1% in 2026Q1 to 34.2% in 2025Q4, indicating that reported profitability is driven by wholesale fuel price spreads rather than sustainable operational efficiency.
The extreme swings in gross margin, as seen in the provided data, directly dictate the company's net profitability, with net margin turning negative in quarters where gross margin compresses. This suggests the business model lacks pricing power and is highly exposed to commodity price fluctuations, making traditional profitability metrics unreliable for assessing core earning power.
ROIC Struggles to Cover Cost of Capital
ARKO's ROIC has been consistently low, peaking at just 1.6% in 2025Q2 and turning negative in 2025Q1, indicating the company is not generating returns sufficient to justify its capital base.
The ROIC trend, when compared to the company's high leverage, suggests that the capital invested in the business is not being deployed efficiently to generate meaningful returns. The low ROIC, coupled with a high D/E ratio, implies that the company's capital structure is not supporting value creation but may be a necessity to fund its asset-heavy operations.
Leverage Remains Extreme Despite Recent Reduction
Despite a significant debt reduction in 2026Q1, ARKO's D/E ratio of 4.09 in 2026Q2 remains exceptionally high, and its interest coverage ratio of 1.83 suggests debt service is only marginally comfortable.
The leverage profile, as reported in financial statements, indicates a capital structure that is likely necessity-driven and leaves minimal buffer for operational volatility. The interest coverage ratio, while positive, is low and volatile, swinging from -0.10 to 2.61 over the period, which warrants close monitoring for refinancing risk.
The Misleading Safety of the Current Ratio
The current ratio of 1.60 in 2026Q2 appears adequate but is misleading for ARKO's business model, as it is inflated by inventory and receivables that may not be easily liquidated under stress.
For a fuel retailer with high inventory turnover and volatile working capital, the current ratio is a poor measure of liquidity. The quick ratio of 1.15 provides a slightly better view, but both metrics are distorted by the company's operational model. Investors should focus on the cash conversion cycle and absolute cash levels, which have declined from $325.7M to $245.6M, for a more accurate assessment of near-term financial flexibility.