HIGHBuilt-inProduct / Revenue mix
79%
fuel
“10-K Item 1A: 'fuel sales were approximately 79% of our total revenues and approximately 47% of our combined fuel, merchandise and other income margin'”
ARKO · Concentration risk · 10-K extracted
ARKO (ARKO) concentration risks
Updated
The most significant concentration ARKO discloses is fuel at 79%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: ARKO’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
38%
cigarettes and other tobacco products
“10-K Item 1A: 'Cigarettes and other tobacco products accounted for approximately 38% of our total merchandise revenues for the year ended December 31, 2025.'”
MEDIUMOutside partySupplier
Core-Mark
“10-K Item 1: 'we purchased merchandise inventory from one primary wholesale distributor, Core-Mark, as well as approximately 810 direct store delivery supplier distributors'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06ARKO's concentration profile is dominated by its structural reliance on fuel: fuel sales made up approximately 79% of total revenues and about 47% of the company's combined fuel, merchandise and other income margin — a high-size exposure that is structural rather than counterparty-specific, tracking broader energy price and demand cycles more than any single relationship. Within merchandise, cigarettes and other tobacco products accounted for approximately 38% of total merchandise revenues for the year ended December 31, 2025, a medium-size structural exposure tied to a product category facing its own secular headwinds. On the supply side, the company sources merchandise inventory from one primary wholesale distributor, Core-Mark, alongside roughly 810 direct store delivery supplier distributors — a medium-size dependency exposure. Together, these three exposures net out to a business whose top line is fundamentally a fuel-price and consumer-tobacco story first, with a secondary supply-chain dependency on a single primary distributor that could compound disruption if fuel or tobacco trends were already under pressure. None of the three reads as an idiosyncratic single-customer risk; instead, the concentration is macro- and category-driven, with Core-Mark as the one relationship-based risk to watch.
For the engine’s reasoning on ARKO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARKO● | ARKO Corp. | 1 | 2 | 0 | 3 |
| BNED | Barnes & Noble Education, Inc | 1 | 1 | 0 | 2 |
| BBWI | Bath & Body Works, Inc. | 0 | 3 | 1 | 4 |
| ARHS | Arhaus, Inc. | 0 | 1 | 1 | 2 |
| ASO | Academy Sports and Outdoors, In | 0 | 1 | 0 | 1 |
| BBY | Best Buy Co., Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.