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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Array Digital Infrastructure, Inc. (AD) Quarterly Financial Ratios

Last 46 quarters of trend data · Communication Services · Telecommunications Services

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Array Digital Infrastructure, Inc.'s quarterly P/E stands at 28.5x, down 89.1% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 381.0% YoY to 70.5x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →14.7428.525.4145.6982.32261.33—69.7745.6364.9139.7973.4634.55
—-89.1%—-34.5%+80.4%+302.6%—-5.0%+32.1%——+143.5%+160.6%
P/S Ratio16.0819.2223.041.541.711.421.271.320.850.910.960.400.45
—+1252.8%+1708.2%+16.0%+102.0%+55.5%+32.8%+234.5%+87.0%+116.4%+87.8%-35.4%-30.6%
P/B Ratio1.661.801.711.221.321.201.021.040.690.790.800.330.39
—+50.4%+68.1%+16.5%+92.5%+52.5%+27.7%+216.8%+76.6%+103.1%+66.5%-39.4%-31.8%
P/FCF0.99—0.435.6717.69—10.317.1411.47—4.091.95—
——-95.8%-20.5%+54.2%—+152.1%+265.4%———-60.0%—
EV / EBITDA—70.45232.3111.4311.9114.6525.8810.678.1410.028.567.047.54
—+381.0%+797.6%+7.1%+46.3%+46.2%+202.3%+51.7%+8.0%+6.9%-9.0%-7.1%+10.1%
EV / EBIT—160.3123.2827.9430.3871.85—27.8631.4281.9132.0436.8941.04
—+123.1%—+0.3%-3.3%-12.3%—-24.5%-23.5%——+13.1%+78.3%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Array Digital Infrastructure, Inc.'s operating margin was 16.1% in Q4 2025, up 29.4 pp QoQ and up 17.0 pp YoY. The trailing four-quarter average of 2.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 21.2% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin21.6%41.6%30.3%57.2%60.3%52.8%58.5%57.8%58.1%53.7%57.1%56.3%55.9%
—-21.2%-48.2%-1.1%+3.7%-1.6%+2.4%+2.7%+4.0%+4.5%+16.3%+3.3%-0.6%
Operating Margin-30.2%16.1%-13.3%3.8%4.6%-0.9%-9.8%3.9%5.4%2.2%5.9%3.6%2.6%
—+1838.8%-35.9%-1.6%-14.3%-142.1%-264.9%+9.3%+103.6%+185.5%+527.4%-8.8%-62.5%
Net Margin178.5%66.9%426.2%3.4%2.0%0.5%-8.6%1.8%1.9%1.4%2.4%0.5%1.3%
—+12897.9%+5073.7%+84.5%+6.6%-63.2%-458.7%+251.0%+43.7%+152.5%+315.6%-74.4%-72.8%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE8.1%1.6%5.6%0.7%0.4%0.1%-1.7%0.4%0.4%0.3%0.5%0.1%0.3%
—+1357.3%+430.5%+85.3%+1.3%-64.1%-440.2%+232.9%+36.0%+149.5%+292.1%-76.0%-73.4%
ROA3.8%0.8%2.6%0.3%0.2%0.0%-0.7%0.2%0.2%0.1%0.2%0.0%0.1%
—+1616.8%+451.5%+87.6%+3.1%-63.4%-451.3%+248.6%+42.7%+151.6%+295.4%-76.2%-74.5%
ROIC-0.6%0.2%-0.1%0.3%0.4%-0.1%-0.8%0.3%0.4%0.2%0.5%0.3%0.2%
—+334.8%+90.0%+0.7%-17.1%-142.0%-261.1%+8.3%+98.6%+182.4%+483.0%-15.7%-64.4%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Array Digital Infrastructure, Inc.'s Debt/EBITDA ratio is 77.3x, down from 214.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 52.4% YoY to 0.72x, tightening the short-term liquidity position.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity0.660.660.470.820.830.830.840.820.860.870.840.900.93
—-20.0%-43.2%+0.2%-3.2%-4.2%-0.6%-8.5%-8.2%-6.3%-7.2%-0.7%+0.1%
Debt / EBITDA—77.26214.1219.2418.7224.3448.1719.2218.5621.4417.9321.2821.84
—+217.4%+344.5%+0.1%+0.8%+13.6%+168.7%-9.7%-15.0%-22.6%-30.1%+7.2%+23.0%
Current Ratio0.720.720.651.871.701.521.571.551.671.571.371.501.66
—-52.4%-58.4%+20.4%+2.1%-3.1%+14.9%+3.1%+0.5%+7.3%-11.9%-12.5%-11.0%
Quick Ratio0.720.720.651.711.481.321.391.391.461.351.201.301.38
—-45.1%-53.1%+23.2%+1.6%-2.3%+16.4%+7.2%+5.4%+8.4%-10.0%-14.1%-16.7%
Interest Coverage-1.740.81-0.710.781.02-0.20-1.840.801.190.471.210.710.58
—————————————

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Includes 30+ ratios · 46 years · Updated daily

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Frequently Asked Questions

What is Array Digital Infrastructure, Inc.'s quarterly P/E ratio trend?

Array Digital Infrastructure, Inc.'s current P/E is 14.7x. The average P/E over the last 4 quarters is 40.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Array Digital Infrastructure, Inc.'s margins change by quarter?

Array Digital Infrastructure, Inc.'s current operating margin is -30.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at AD quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Array Digital Infrastructure, Inc.'s business trajectory between earnings reports.

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