12 years of historical data (2014–2025) · Communication Services · Telecommunications Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Array Digital Infrastructure, Inc. trades at 14.7x earnings, 63% below its 5-year average of 39.9x, sitting at the 22nd percentile of its historical range. This is roughly in line with the Communication Services sector median P/E of 14.8x. On a free-cash-flow basis, the stock trades at 1.0x P/FCF, 94% below the 5-year average of 15.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.6B | $4.7B | $5.4B | $3.6B | $1.8B | $2.7B | $2.7B | $3.2B | $4.5B | $3.2B | $3.7B |
| Enterprise Value | $4.2B | $6.3B | $9.1B | $7.5B | $5.7B | $6.3B | $4.9B | $5.4B | $5.6B | $4.5B | $4.8B |
| P/E Ratio → | 14.74 | 16.10 | — | 65.94 | 59.57 | 17.81 | 11.71 | 25.16 | 30.22 | 268.79 | 78.07 |
| P/S Ratio | 16.08 | 28.72 | 1.43 | 0.93 | 0.43 | 0.67 | 0.66 | 0.79 | 1.14 | 0.83 | 0.93 |
| P/B Ratio | 1.66 | 1.82 | 1.17 | 0.78 | 0.39 | 0.60 | 0.60 | 0.76 | 1.11 | 0.88 | 1.02 |
| P/FCF | 0.99 | 1.77 | 16.55 | 28.23 | — | — | 10.77 | 43.08 | 22.95 | 809.04 | 64.07 |
| P/OCF | 13.05 | 23.31 | 6.11 | 4.17 | 2.16 | 3.42 | 2.16 | 4.40 | 6.38 | 6.90 | 7.42 |
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 | — | 38.52 | 2.41 | 1.92 | 1.37 | 1.54 | 1.21 | 1.34 | 1.40 | 1.16 | 1.19 |
| EV / EBITDA | — | — | 13.89 | 9.43 | 7.41 | 7.47 | 5.70 | 6.61 | 6.97 | 14.55 | 7.15 |
| EV / EBIT | — | — | 56.35 | 24.41 | 24.24 | 17.85 | 25.29 | 41.41 | 37.10 | 75.40 | 93.32 |
| EV / FCF | — | 2.38 | 27.83 | 58.55 | — | — | 19.68 | 72.75 | 28.25 | 1131.05 | 82.06 |
Margins and return-on-capital ratios measuring operating efficiency
Array Digital Infrastructure, Inc. earns an operating margin of -30.2%. Operating margins have compressed from 3.6% to -30.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.1% is modest.
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 | 21.6% | 21.6% | 56.8% | 55.8% | 52.7% | 53.7% | 55.6% | 55.6% | 54.9% | 53.7% | 53.9% |
| Operating Margin | -30.2% | -30.2% | -0.3% | 3.6% | 1.7% | 4.1% | 4.3% | 2.8% | 4.0% | -7.8% | 1.2% |
| Net Profit Margin | 178.5% | 178.5% | -1.0% | 1.4% | 0.7% | 3.8% | 5.7% | 3.2% | 3.8% | 0.3% | 1.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.1% | 8.1% | -0.8% | 1.2% | 0.7% | 3.4% | 5.3% | 3.1% | 3.9% | 0.3% | 1.3% |
| ROA | 3.8% | 3.8% | -0.4% | 0.5% | 0.3% | 1.5% | 2.6% | 1.6% | 2.1% | 0.2% | 0.7% |
| ROIC | -0.6% | -0.6% | -0.1% | 1.2% | 0.6% | 1.7% | 2.0% | 1.5% | 2.3% | -4.7% | 0.8% |
| ROCE | -0.7% | -0.7% | -0.1% | 1.4% | 0.7% | 1.9% | 2.1% | 1.6% | 2.5% | -4.9% | 0.8% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $1.6B ($1.7B total debt minus $113M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.66 | 0.83 | 0.87 | 0.91 | 0.82 | 0.78 | 0.59 | 0.40 | 0.44 | 0.45 |
| Debt / EBITDA | — | — | 5.85 | 5.07 | 5.43 | 4.42 | 4.07 | 3.05 | 2.04 | 5.27 | 2.45 |
| Net Debt / Equity | — | 0.62 | 0.80 | 0.83 | 0.85 | 0.79 | 0.50 | 0.52 | 0.26 | 0.35 | 0.29 |
| Net Debt / EBITDA | — | — | 5.63 | 4.88 | 5.08 | 4.24 | 2.58 | 2.70 | 1.31 | 4.14 | 1.57 |
| Debt / FCF | — | 0.60 | 11.28 | 30.31 | — | — | 8.92 | 29.66 | 5.30 | 322.00 | 17.98 |
| Interest Coverage | -1.74 | -1.74 | -0.07 | 0.71 | 0.42 | 0.97 | 1.66 | 1.20 | 1.56 | -2.90 | 0.45 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.72x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.55x to 0.72x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.72 | 1.52 | 1.55 | 1.44 | 1.78 | 3.01 | 2.10 | 2.62 | 2.02 | 2.18 |
| Quick Ratio | 0.72 | 0.72 | 1.32 | 1.33 | 1.22 | 1.59 | 2.84 | 1.88 | 2.41 | 1.83 | 1.99 |
| Cash Ratio | 0.57 | 0.57 | 0.16 | 0.17 | 0.23 | 0.17 | 1.46 | 0.38 | 0.86 | 0.55 | 0.82 |
| Asset Turnover | — | 0.03 | 0.36 | 0.36 | 0.37 | 0.40 | 0.42 | 0.49 | 0.55 | 0.57 | 0.56 |
| Inventory Turnover | — | — | 9.11 | 8.68 | 7.55 | 11.03 | 12.28 | 11.01 | 12.60 | 13.07 | 13.34 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Array Digital Infrastructure, Inc. returns 47.2% to shareholders annually — split between a 46.4% dividend yield and 0.8% buyback yield. The payout ratio exceeds 100% at 682.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 6.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 46.4% | 42.4% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 682.9% | 682.9% | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 6.2% | — | 1.5% | 1.7% | 5.6% | 8.5% | 4.0% | 3.3% | 0.4% | 1.3% |
| FCF Yield | 100.0% | 56.4% | 6.0% | 3.5% | — | — | 9.3% | 2.3% | 4.4% | 0.1% | 1.6% |
| Buyback Yield | 0.8% | 0.5% | 1.0% | 0.0% | 2.4% | 1.1% | 1.3% | 0.9% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 47.2% | 42.9% | 1.0% | 0.0% | 2.4% | 1.1% | 1.3% | 0.9% | 0.0% | 0.0% | 0.1% |
| Shares Outstanding | — | $87M | $86M | $87M | $86M | $87M | $87M | $88M | $87M | $86M | $85M |
Compare AD with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| ADYou | $3B | 14.7 | — | 1.0 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| TMUS | $242B | 22.5 | 11.1 | 23.4 | — | 20.7% | 18.2% | 8.0% | 3.7 |
| TIMB | $13B | 15.7 | 7.2 | 7.6 | 53.9% | 25.0% | 17.1% | 13.2% | 1.5 |
| VEON | $4B | 9.8 | 4.2 | 7.4 | 87.1% | 27.7% | 35.7% | 19.4% | 2.9 |
| UZD | $1B | 6.5 | — | 0.4 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| UZF | $1B | 5.8 | — | 0.4 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| UZE | $1B | 5.7 | — | 0.4 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| Communication Services Median | — | 14.8 | 7.4 | 10.0 | 50.8% | -0.5% | 2.6% | 1.6% | 3.6 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonArray Digital Infrastructure, Inc.'s current P/E ratio is 14.7x. The historical average is 35.4x. This places it at the 22th percentile of its historical range.
Array Digital Infrastructure, Inc.'s return on equity (ROE) is 8.1%. The historical average is 2.7%.
Based on historical data, Array Digital Infrastructure, Inc. is trading at a P/E of 14.7x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Array Digital Infrastructure, Inc.'s current dividend yield is 46.35% with a payout ratio of 682.9%.
Array Digital Infrastructure, Inc. has 21.6% gross margin and -30.2% operating margin.