ARKO Petroleum Corp. (APC) Balance Sheet
APC balance sheet, 2025
December 31, 2025 · U.S. dollars$3.53B assets = $3.17B liabilities + $367.2M equity
Both columns are drawn to the same scale: what APC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
APC financial health
Descriptive bands, not a rating. Fiscal 2025.
APC balance sheet trends, 2012–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $52.59B2012 | $3.53B2025 | −25.9%/yr | |
| Total liabilities | $31.96B2012 | $3.17B2025 | −22.7%/yr | |
| Shareholders’ equity | $20.63B2012 | $367.2M2025 | −36.1%/yr | |
| Cash & short-term investments | $2.47B2012 | $330.2M2025 | −20.0%/yr | |
| Total debt | $13.27B2012 | $3.95B2025 | −12.6%/yr | |
| Net cash (debt) | −$10.80B2012 | −$3.62B2025 | +$7.2B | |
| Working capital | $2.80B2012 | $284.7M2025 | −$2.5B | |
| Current ratio | 1.702012 | 1.662025 | −0.04 | |
| Debt / equity | 0.642012 | 10.762025 | +10.12 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
APC assets
APC liabilities and equity
APC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
APC balance sheet
| 2025 | 2024 | 2023 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $330.2M | $25.1M | $17.1M | $1.29B | $4.55B | $3.18B | $939.0M | $7.37B | $3.70B | $2.47B |
| Cash & equivalents | $323.7M | $25.1M | $17.1M | $1.29B | $4.55B | $3.18B | $939.0M | $7.37B | $3.70B | $2.47B |
| Short-term investments | $6.5M | — | — | — | — | — | — | — | — | — |
| Receivables | $87.3M | $105.2M | $136.6M | $1.49B | $1.22B | $1.01B | $652.0M | $1.12B | $1.48B | $1.47B |
| Inventory | $190.7M | $24.4M | $26.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $109.5M | $16.7M | $13.8M | $1.01B | $987.0M | $1.07B | $2.39B | $2.73B | $1.93B | $2.85B |
| Total current assets | $717.7M | $171.4M | $194.3M | $3.79B | $6.76B | $5.27B | $3.98B | $11.22B | $7.11B | $6.79B |
| Property, plant & equipment (net) | $2.22B | $535.4M | $426.7M | $28.61B | $27.45B | $32.17B | $33.75B | $41.59B | $40.93B | $38.40B |
| Goodwill & intangible assets | $614.4M | $251.8M | $272.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $127.0M | $122.3M | $7.97B | $7.87B | $8.13B | $8.68B | $8.88B | $7.74B | $7.40B |
| Total assets | $3.53B | $1.09B | $1.02B | $40.38B | $42.09B | $45.56B | $46.41B | $61.69B | $55.78B | $52.59B |
| Liabilities | ||||||||||
| Accounts payable | $156.6M | $90.1M | $104.4M | $2.00B | $1.89B | $2.29B | $2.85B | $3.68B | $3.53B | $2.99B |
| Short-term debt | $128.1M | $22.1M | $14.7M | $947.0M | $142.0M | $42.0M | $33.0M | $152.0M | $500.0M | $38.0M |
| Deferred revenue | — | $7.1M | $5.4M | $31.0M | $2.23B | $4.32B | $5.40B | $9.25B | $9.24B | $8.76B |
| Total current liabilities | $433.0M | $167.5M | $192.2M | $4.66B | $3.91B | $3.33B | $4.18B | $10.23B | $5.70B | $3.99B |
| Long-term debt | $385.2M | $380.9M | $336.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $555.9M | $372.6M | $267.7M | — | — | — | — | — | — | — |
| Other long-term liabilities | $2.35B | $471.7M | $380.6M | $22.05B | $21.89B | $23.94B | $25.03B | $27.34B | $23.96B | $25.13B |
| Total liabilities | $3.17B | $1.02B | $909.7M | $31.88B | $31.39B | $33.35B | $33.59B | $41.96B | $33.92B | $31.96B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $11,000 | — | — | $57.0M | $57.0M | $57.0M | $52.0M | $52.0M | $52.0M | $51.0M |
| Retained earnings (deficit) | $100.5M | — | — | $1.25B | $1.11B | $1.70B | $4.88B | $12.12B | $14.36B | $13.83B |
| Accumulated other comprehensive income | $9.1M | — | — | −$335.0M | −$338.0M | −$391.0M | −$383.0M | −$517.0M | −$285.0M | −$640.0M |
| Minority interest | — | $0 | $16,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $367.2M | $65.6M | $106.4M | $8.50B | $10.70B | $12.21B | $12.82B | $19.73B | $21.86B | $20.63B |
| Key figures | ||||||||||
| Total debt | $3.95B | $753.5M | $604.5M | $16.42B | $15.69B | $15.32B | $15.75B | $15.09B | $13.56B | $13.27B |
| Net cash (debt) | −$3.62B | −$728.4M | −$587.4M | −$15.12B | −$11.14B | −$12.14B | −$14.81B | −$7.72B | −$9.87B | −$10.80B |
| Working capital | $284.7M | $3.9M | $2.1M | −$863.0M | $2.86B | $1.94B | −$199.0M | $987.0M | $1.41B | $2.80B |
| Tangible book value | −$247.2M | −$186.3M | −$166.5M | $8.50B | $10.70B | $12.21B | $12.82B | $19.73B | $21.86B | $20.63B |
| Book value per share | $7.96 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 46.1M | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.66 | 1.02 | 1.01 | 0.81 | 1.73 | 1.58 | 0.95 | 1.10 | 1.25 | 1.70 |
| Quick ratio | 0.96 | 0.78 | 0.80 | 0.60 | 1.48 | 1.26 | 0.38 | 0.83 | 0.91 | 0.99 |
| Debt / equity | 10.76 | 11.49 | 5.68 | 1.93 | 1.47 | 1.25 | 1.23 | 0.77 | 0.62 | 0.64 |
| Equity / assets | 10.4% | 6.0% | 10.5% | 21.0% | 25.4% | 26.8% | 27.6% | 32.0% | 39.2% | 39.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Dec '24 | Jun '19 | Mar '19 | Dec '18 | Sep '18 | Jun '18 | Mar '18 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $14.6M | $296.4M | $15.6M | $33.0M | $25.1M | $1.39B | $2.03B | $1.29B | $1.88B | $2.32B | $3.36B | $4.55B |
| Cash & equivalents | $14.6M | $289.1M | $15.6M | $33.0M | $25.1M | $1.39B | $2.03B | $1.29B | $1.88B | $2.32B | $3.36B | $4.55B |
| Short-term investments | — | $7.2M | — | — | — | — | — | — | — | — | — | — |
| Receivables | $142.0M | $160.3M | $100.5M | $104.4M | $105.2M | $1.20B | $1.55B | $1.49B | $1.64B | $1.24B | $1.16B | $1.22B |
| Inventory | $29.9M | $206.3M | $23.1M | $23.7M | $24.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $57.2M | $106.6M | $23.4M | $39.1M | $16.7M | $882.0M | $850.0M | $1.01B | $944.0M | $1.07B | $1.01B | $987.0M |
| Total current assets | $243.8M | $769.7M | $162.5M | $200.1M | $171.4M | $3.47B | $4.43B | $3.79B | $4.47B | $4.63B | $5.53B | $6.76B |
| Property, plant & equipment (net) | $777.1M | $2.21B | $740.7M | $673.2M | $535.4M | $29.09B | $28.94B | $28.61B | $28.74B | $28.50B | $27.76B | $27.45B |
| Goodwill & intangible assets | $220.6M | $603.7M | $231.0M | $236.2M | $251.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $143.9M | $0 | $139.3M | $136.9M | $127.0M | $8.57B | $8.63B | $7.97B | $7.93B | $7.95B | $7.79B | $7.87B |
| Total assets | $1.39B | $3.58B | $1.27B | $1.25B | $1.09B | $41.13B | $41.99B | $40.38B | $41.15B | $41.08B | $41.08B | $42.09B |
| Liabilities | ||||||||||||
| Accounts payable | $108.8M | $202.3M | $75.2M | $99.9M | $90.1M | $1.73B | $1.95B | $2.00B | $2.14B | $2.25B | $2.06B | $1.89B |
| Short-term debt | $33.2M | $99.5M | $29.9M | $26.5M | $22.1M | $31.0M | $2.02B | $947.0M | $938.0M | $938.0M | $761.0M | $142.0M |
| Deferred revenue | — | — | $8.1M | — | $7.1M | $19.0M | $23.0M | $31.0M | $23.0M | $37.0M | $39.0M | $2.23B |
| Total current liabilities | $206.9M | $475.1M | $165.5M | $186.3M | $167.5M | $3.79B | $5.75B | $4.66B | $5.12B | $5.43B | $4.73B | $3.91B |
| Long-term debt | $183.4M | $183.1M | $385.2M | $383.3M | $380.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $598.7M | $570.0M | $555.9M | $509.8M | $372.6M | — | — | — | — | — | — | — |
| Other long-term liabilities | $737.3M | $2.36B | $686.6M | $633.6M | $471.7M | $25.25B | $22.96B | $22.05B | $22.38B | $21.83B | $22.20B | $21.89B |
| Total liabilities | $1.13B | $3.02B | $1.24B | $1.20B | $1.02B | $33.36B | $33.06B | $31.88B | $32.44B | $32.18B | $32.34B | $31.39B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $11,000 | — | — | — | $58.0M | $57.0M | $57.0M | $57.0M | $57.0M | $57.0M | $57.0M |
| Retained earnings (deficit) | $12.2M | $89.1M | — | — | — | −$149.0M | $1.02B | $1.25B | $1.29B | $1.05B | $1.15B | $1.11B |
| Accumulated other comprehensive income | — | $9.1M | — | — | — | −$379.0M | −$329.0M | −$335.0M | −$383.0M | −$410.0M | −$410.0M | −$338.0M |
| Minority interest | — | — | — | — | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $257.8M | $495.4M | $36.1M | $43.3M | $65.6M | $7.77B | $8.93B | $8.50B | $8.70B | $8.90B | $8.74B | $10.70B |
| Key figures | ||||||||||||
| Total debt | $783.4M | $2.35B | $941.2M | $893.1M | $753.5M | $18.23B | $17.92B | $16.42B | $16.69B | $16.29B | $16.40B | $15.69B |
| Net cash (debt) | −$768.8M | −$2.06B | −$925.6M | −$860.1M | −$728.4M | −$16.84B | −$15.90B | −$15.12B | −$14.81B | −$13.97B | −$13.04B | −$11.14B |
| Working capital | $36.9M | $294.6M | −$3.0M | $13.9M | $3.9M | −$321.0M | −$1.32B | −$863.0M | −$646.0M | −$795.0M | $796.0M | $2.86B |
| Tangible book value | $37.2M | −$108.3M | −$194.9M | −$192.9M | −$186.3M | $7.77B | $8.93B | $8.50B | $8.70B | $8.90B | $8.74B | $10.70B |
| Book value per share | $5.42 | $39.41 | $0.78 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 47.6M | 12.6M | 46.1M | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.18 | 1.62 | 0.98 | 1.07 | 1.02 | 0.92 | 0.77 | 0.81 | 0.87 | 0.85 | 1.17 | 1.73 |
| Quick ratio | 0.76 | 0.96 | 0.70 | 0.74 | 0.78 | 0.68 | 0.62 | 0.60 | 0.69 | 0.66 | 0.95 | 1.48 |
| Debt / equity | 3.04 | 4.75 | 26.06 | 20.62 | 11.49 | 2.35 | 2.01 | 1.93 | 1.92 | 1.83 | 1.88 | 1.47 |
| Equity / assets | 18.6% | 13.8% | 2.8% | 3.5% | 6.0% | 18.9% | 21.3% | 21.0% | 21.1% | 21.7% | 21.3% | 25.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
APC financial position
At the end of fiscal 2025 (December 31, 2025), ARKO Petroleum had total assets of $3.5 billion (up 225.6% from a year earlier), total liabilities of $3.2 billion and shareholders' equity of $367.2 million. It held $330.2 million in cash and short-term investments against $4.0 billion of debt, net debt of $3.6 billion. Its current ratio was 1.66. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $257.8 million.
Related: APC income statement, APC cash flow statement, APC key metrics. See the APC stock overview for the latest quote and news.
APC balance sheet FAQ
What are ARKO Petroleum's total assets?
ARKO Petroleum reported total assets of $3.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does ARKO Petroleum have?
ARKO Petroleum had $4.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 10.76.
How much cash does ARKO Petroleum have?
ARKO Petroleum held $330.2 million in cash and short-term investments at the end of fiscal 2025; with $4.0 billion of debt that is net debt of $3.6 billion.
What is ARKO Petroleum's book value?
ARKO Petroleum's shareholders' equity (book value) was $367.2 million at the end of fiscal 2025, or $7.96 per share.
What is ARKO Petroleum's current ratio?
ARKO Petroleum had current assets of $717.7 million and current liabilities of $433.0 million, a current ratio of 1.66 (it can cover its short-term obligations).
How much goodwill does ARKO Petroleum have?
ARKO Petroleum carried $614.4 million of goodwill and intangible assets, 17.4% of total assets, at the end of fiscal 2025.