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Array Technologies, Inc.(ARRY)Earnings, Financials & Key Ratios
ARRY•NASDAQ
Price updated Jun 19, 2026
AboutArray Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.Show more
- Revenue$1.28B+40.2%
- EBITDA$132M+175.6%
- Net Income-$52M+78.3%
- EPS (Diluted)-0.73+62.6%
- Gross Margin21.21%-34.8%
- EBITDA Margin10.25%+153.9%
- Operating Margin6.57%+126.5%
- Net Margin-4.07%+84.5%
- ROE-19.02%+64.4%
ARRY Key Insights
Array Technologies, Inc. (ARRY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗High debt to equity ratio of 2.9x
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ARRY Price & Volume
Array Technologies, Inc. (ARRY) stock price & volume — 10-year historical chart
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ARRY Growth Metrics
Array Technologies, Inc. (ARRY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years8.03%
3 Years-7.78%
TTM13.19%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM70.34%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM54.75%
Return on Capital
10 Years4.27%
5 Years-0.06%
3 Years1.78%
Last Year8.18%
ARRY Recent Earnings
Array Technologies, Inc. (ARRY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.06+200.0%
$0.06
Rev
$223M+10.8%
$202M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.01-27.2%
$0.01
Rev
$226M+6.9%
$211M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.30+42.9%
$0.21
Rev
$393M+86.4%
$211M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.25+19.0%
$0.21
Rev
$362M+34.8%
$269M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.06vs $0.06+200.0% | $223Mvs $202M+10.8% |
| Q1 2026 | Feb 25, 2026 | $0.01vs $0.01-27.2% | $226Mvs $211M+6.9% |
| Q4 2025 | Nov 5, 2025 | $0.30vs $0.21+42.9% | $393Mvs $211M+86.4% |
| Q3 2025 | Aug 7, 2025 | $0.25vs $0.21+19.0% | $362Mvs $269M+34.8% |
Based on last 12 quarters of dataView full earnings history →
ARRY Peer Comparison
Array Technologies, Inc. (ARRY) competitors in Solar racking, trackers and BOS components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SHLS | 1.75B | 10.42 | 52.10 | 19.07% | 6.27% | 5.67% | 0.29 | |
 FTCI | 82.27M | 5.14 | -0.94 | 110.51% | -42.13% | |||
 FSLR | 27.69B | 257.70 | 18.14 | 24.09% | 30.73% | 18.01% | 0.05 | |
 ENPH | 6.89B | 52.28 | 40.53 | 10.72% | 9.64% | 13.28% | 1.14 | |
 SEDG | 3.53B | 58.05 | -8.41 | 31.39% | -28.56% | -79.58% | 0.99 | |
 CSIQ | 1.1B | 16.27 | -10.50 | -6.65% | -1.87% | -2.39% | 1.80 | |
 MAXN | 5.93M | 0.35 | -0.00 | -54.68% | -320.48% | |||
 NEE | 180.9B | 86.75 | 26.37 | 11% | 29.3% | 12.66% | 1.44 |
Compare ARRY vs Peers
Array Technologies, Inc. (ARRY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ARRY Income Statement
Array Technologies, Inc. (ARRY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 290.78M | 647.9M | 872.66M | 853.32M | 1.64B | 1.58B | 915.81M | 1.28B | 1.21B |
Revenue Growth % | - | 122.81% | 34.69% | -2.22% | 91.9% | -3.72% | -41.91% | 40.22% | 13.19% |
Cost of Goods Sold | 279.23M | 497.14M | 669.86M | 785.02M | 1.42B | 1.16B | 618.13M | 1.01B | 928.31M |
COGS % of Revenue | 96.03% | 76.73% | 76.76% | 92% | 87.01% | 73.64% | 67.5% | 78.79% | - |
Gross Profit | 11.55M▲ 0% | 150.76M▲ 1204.7% | 202.8M▲ 34.5% | 68.3M▼ 66.3% | 212.72M▲ 211.4% | 415.55M▲ 95.4% | 297.68M▼ 28.4% | 272.35M▼ 8.5% | 276.88M▲ 0% |
Gross Margin % | 3.97% | 23.27% | 23.24% | 8% | 12.99% | 26.36% | 32.5% | 21.21% | 22.97% |
Gross Profit Growth % | - | 1204.73% | 34.52% | -66.32% | 211.44% | 95.35% | -28.37% | -8.51% | - |
Operating Expenses | 73.59M | 67.35M | 107.59M | 93.04M | 230.85M | 201.43M | 524.68M | 188.01M | 222.11M |
OpEx % of Revenue | 25.31% | 10.4% | 12.33% | 10.9% | 14.1% | 12.78% | 57.29% | 14.64% | - |
Selling, General & Admin | 46.88M | 41.21M | 55.63M | 80.97M | 150.78M | 159.53M | 160.57M | 198.61M | 205.07M |
SG&A % of Revenue | 16.12% | 6.36% | 6.38% | 9.49% | 9.21% | 10.12% | 17.53% | 15.47% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.7M | 5M |
R&D % of Revenue | - | - | - | - | - | - | - | 1.46% | - |
Other Operating Expenses | -447K | 26.14M | 51.95M | 12.07M | 80.07M | 41.89M | 364.12M | -29.3M | 2M |
Operating Income | -61.21M▲ 0% | 83.41M▲ 236.3% | 95.21M▲ 14.2% | -24.74M▼ 126.0% | -18.13M▲ 26.7% | 214.12M▲ 1280.9% | -227M▼ 206.0% | 84.34M▲ 137.2% | 54.77M▲ 0% |
Operating Margin % | -21.05% | 12.87% | 10.91% | -2.9% | -1.11% | 13.58% | -24.79% | 6.57% | 4.54% |
Operating Income Growth % | - | 236.28% | 14.15% | -125.99% | 26.71% | 1280.85% | -206.02% | 137.15% | - |
EBITDA | -32.8M | 110.72M | 122.69M | 1.21M | 82.93M | 268.95M | -174.23M | 131.63M | 94.75M |
EBITDA Margin % | -11.28% | 17.09% | 14.06% | 0.14% | 5.06% | 17.06% | -19.02% | 10.25% | 7.86% |
EBITDA Growth % | - | 437.6% | 10.8% | -99.02% | 6781.83% | 224.33% | -164.78% | 175.55% | 157.82% |
D&A (Non-Cash Add-back) | 28.41M | 27.32M | 27.47M | 25.95M | 101.06M | 54.83M | 52.78M | 47.29M | 39.99M |
EBIT | -61.65M | 83.38M | 121.65M | -25.44M | 31.74M | 221.39M | -215.75M | -1.89M | -33.2M |
Net Interest Income | -19.04M | -18.8M | -15.13M | -35.48M | -33.51M | -35.9M | -18.05M | -15.48M | -10.76M |
Interest Income | 0 | 0 | 0 | 0 | 3.18M | 8.33M | 16.78M | 11.85M | 10.92M |
Interest Expense | 19.04M | 18.8M | 15.13M | 35.48M | 36.69M | 44.23M | 34.83M | 27.33M | 13.73M |
Other Income/Expense | -19.49M | -18.83M | -17.43M | -36.38M | 13.18M | -36.97M | -23.57M | -113.56M | -103.14M |
Pretax Income | -80.7M▲ 0% | 64.58M▲ 180.0% | 77.78M▲ 20.4% | -61.12M▼ 178.6% | -4.95M▲ 91.9% | 177.16M▲ 3677.5% | -250.58M▼ 241.4% | -29.22M▲ 88.3% | -48.37M▲ 0% |
Pretax Margin % | -27.75% | 9.97% | 8.91% | -7.16% | -0.3% | 11.24% | -27.36% | -2.28% | -4.01% |
Income Tax | -19.93M | 24.83M | 18.7M | -10.72M | -9.38M | 39.92M | -10.18M | 23.02M | 18.61M |
Effective Tax Rate % | 24.7% | 38.46% | 24.05% | 17.54% | 189.5% | 22.53% | 4.06% | -78.78% | -38.48% |
Net Income | -60.76M▲ 0% | 39.74M▲ 165.4% | 59.07M▲ 48.6% | -50.4M▼ 185.3% | 4.43M▲ 108.8% | 137.24M▲ 2996.6% | -240.39M▼ 275.2% | -52.23M▲ 78.3% | -66.98M▲ 0% |
Net Margin % | -20.9% | 6.13% | 6.77% | -5.91% | 0.27% | 8.71% | -26.25% | -4.07% | -5.56% |
Net Income Growth % | - | 165.41% | 48.63% | -185.32% | 108.79% | 2996.57% | -275.16% | 78.27% | 70.34% |
Net Income (Continuing) | -60.76M | 39.74M | 59.07M | -50.4M | 4.43M | 137.24M | -240.39M | -52.23M | -66.98M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.48▲ 0% | 0.31▲ 164.6% | 0.47▲ 51.6% | -0.51▼ 208.5% | -0.29▲ 43.1% | 0.56▲ 293.1% | -1.95▼ 448.2% | -0.73▲ 62.6% | -0.44▲ 0% |
EPS Growth % | - | 164.58% | 51.61% | -208.51% | 43.14% | 293.1% | -448.21% | 62.56% | 54.75% |
EPS (Basic) | -0.48 | 0.31 | 0.47 | -0.51 | -0.29 | 0.57 | -1.95 | -0.73 | - |
Diluted Shares Outstanding | 126.99M | 126.99M | 126.99M | 129.98M | 149.82M | 152.02M | 151.75M | 152.54M | 152.96M |
Basic Shares Outstanding | 126.99M | 126.99M | 126.99M | 129.98M | 149.82M | 150.94M | 151.75M | 152.54M | 152.96M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
ARRY Balance Sheet
Array Technologies, Inc. (ARRY) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 173.88M | 619.68M | 375.18M | 852.03M | 831.21M | 832.28M | 998.72M | 869.04M | 879.42M |
Cash & Short-Term Investments | 40.83M | 310.26M | 108.44M | 367.67M | 133.9M | 249.08M | 362.99M | 244.39M | 200.7M |
Cash Only | 40.83M | 310.26M | 108.44M | 367.67M | 133.9M | 249.08M | 362.99M | 244.39M | 200.7M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 |
Accounts Receivable | 62.13M | 96.88M | 135.85M | 245.06M | 424.71M | 332.15M | 275.84M | 271.58M | 292.33M |
Days Sales Outstanding | 77.98 | 54.58 | 56.82 | 104.82 | 94.67 | 76.9 | 109.94 | 77.19 | 99.16 |
Inventory | 55.17M | 148.02M | 118.46M | 205.65M | 233.16M | 161.96M | 200.82M | 150.37M | 167.97M |
Days Inventory Outstanding | 72.12 | 108.68 | 64.55 | 95.62 | 59.73 | 50.92 | 118.58 | 54.25 | 66.57 |
Other Current Assets | 0 | 50.99M | 0 | 0 | 39.43M | 89.08M | 159.08M | 202.7M | 218.42M |
Total Non-Current Assets | 335.99M | 303.9M | 280.85M | 290.95M | 874.84M | 874.46M | 427.27M | 582.75M | 595.61M |
Property, Plant & Equipment | 11.03M | 10.66M | 9.77M | 10.69M | 23.17M | 53.97M | 26.22M | 155.31M | 156.67M |
Fixed Asset Turnover | 26.37x | 60.78x | 89.28x | 79.81x | 70.66x | 29.21x | 34.93x | 8.27x | 12.00x |
Goodwill | 69.73M | 69.73M | 69.73M | 69.73M | 416.18M | 435.59M | 160.19M | 135.17M | 135.17M |
Intangible Assets | 248.76M | 223.51M | 198.26M | 174.75M | 386.36M | 350.4M | 181.41M | 238.58M | 224.92M |
Long-Term Investments | -6.47M | 0 | -4.53M | 0 | 0 | 0 | 0 | 13.9M | 69.6M |
Other Non-Current Assets | 6.47M | 0 | 3.09M | 26.43M | 32.66M | 18.63M | 41.7M | 15.82M | 54.11M |
Total Assets | 509.86M▲ 0% | 923.58M▲ 81.1% | 656.02M▼ 29.0% | 1.14B▲ 74.2% | 1.71B▲ 49.3% | 1.71B▲ 0.0% | 1.43B▼ 16.4% | 1.45B▲ 1.8% | 1.48B▲ 0% |
Asset Turnover | 0.57x | 0.70x | 1.33x | 0.75x | 0.96x | 0.92x | 0.64x | 0.88x | 0.79x |
Asset Growth % | - | 81.14% | -28.97% | 74.23% | 49.26% | 0.04% | -16.45% | 1.81% | 1.72% |
Total Current Liabilities | 134.57M | 590.62M | 289.1M | 245.31M | 465.26M | 335.69M | 437.81M | 377.01M | 390.4M |
Accounts Payable | 30.02M | 135.51M | 84.99M | 92M | 170.43M | 119.5M | 172.37M | 143.99M | 142.17M |
Days Payables Outstanding | 39.25 | 99.49 | 46.31 | 42.78 | 43.66 | 37.57 | 101.78 | 51.95 | 66.77 |
Short-Term Debt | 59.15M | 97.75M | 4.31M | 4.3M | 38.69M | 21.47M | 30.71M | 10.31M | 17.05M |
Deferred Revenue (Current) | 21.79M | 328.78M | 149.82M | 99.58M | 178.92M | 66.49M | 119.78M | 128.43M | 514.11M |
Other Current Liabilities | 2.67M | 6.29M | 8.96M | 1.77M | 5.25M | 43.73M | 1.19M | 16.79M | 92.65M |
Current Ratio | 1.29x | 1.05x | 1.30x | 3.47x | 1.79x | 2.48x | 2.28x | 2.31x | 2.25x |
Quick Ratio | 0.88x | 0.80x | 0.89x | 2.64x | 1.29x | 2.00x | 1.82x | 1.91x | 1.82x |
Cash Conversion Cycle | 110.85 | 63.77 | 75.06 | 157.67 | 110.74 | 90.25 | 126.74 | 79.49 | 98.96 |
Total Non-Current Liabilities | 110.82M | 27.81M | 447.82M | 729.42M | 816.94M | 760.54M | 699.35M | 814.39M | 816.74M |
Long-Term Debt | 95.88M | 0 | 423.97M | 711.06M | 720.35M | 660.95M | 646.57M | 658.66M | 89.2M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 13.9M | 19.48M | 0 | 89.55M | 89.55M |
Deferred Tax Liabilities | 0 | 15.85M | 13.11M | 0 | 72.61M | 66.86M | 21.4M | 22.13M | 88.26M |
Other Non-Current Liabilities | 14.94M | 11.96M | 10.74M | 18.36M | 10.08M | 13.26M | 31.38M | 44.04M | 706.24M |
Total Liabilities | 245.39M | 618.43M | 736.92M | 974.72M | 1.28B | 1.1B | 1.14B | 1.19B | 1.21B |
Total Debt | 155.03M | 97.75M | 428.28M | 721.26M | 779.45M | 707.64M | 692.58M | 766.19M | 106.25M |
Net Debt | 114.2M | -212.51M | 319.84M | 353.6M | 645.55M | 458.56M | 329.58M | 521.8M | -94.45M |
Debt / Equity | 0.59x | 0.32x | - | 4.29x | 1.84x | 1.16x | 2.40x | 2.94x | 0.40x |
Debt / EBITDA | - | 0.88x | 3.49x | 598.56x | 9.40x | 2.63x | - | 5.82x | 1.12x |
Net Debt / EBITDA | - | -1.92x | 2.61x | 293.44x | 7.78x | 1.70x | - | 3.96x | -1.00x |
Interest Coverage | -3.24x | 4.44x | 8.04x | -0.72x | 0.87x | 5.01x | -6.20x | -0.07x | -2.42x |
Total Equity | 264.47M▲ 0% | 305.15M▲ 15.4% | -80.9M▼ 126.5% | 168.26M▲ 308.0% | 423.85M▲ 151.9% | 610.51M▲ 44.0% | 288.83M▼ 52.7% | 260.39M▼ 9.8% | 267.88M▲ 0% |
Equity Growth % | - | 15.38% | -126.51% | 307.98% | 151.91% | 44.04% | -52.69% | -9.85% | -75.4% |
Book Value per Share | 2.08 | 2.40 | -0.64 | 1.29 | 2.83 | 4.02 | 1.90 | 1.71 | 1.75 |
Total Shareholders' Equity | 264.47M | 305.15M | -80.9M | 168.26M | 423.85M | 610.51M | 288.83M | 260.39M | 267.88M |
Common Stock | 264.47M | 305.15M | 127K | 135K | 150K | 151K | 151K | 152K | 155K |
Retained Earnings | 0 | 0 | -221.5M | -271.9M | -267.47M | -130.23M | -370.62M | -422.86M | -420.86M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 8.43M | 44.81M | -45.4M | -10.48M | -8.16M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ARRY Cash Flow Statement
Array Technologies, Inc. (ARRY) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -11.73M | 386.07M | -122.2M | -263.19M | 141.49M | 231.96M | 153.98M | 101.78M | 85.42M |
Operating CF Margin % | -4.03% | 59.59% | -14% | -30.84% | 8.64% | 14.71% | 16.81% | 7.93% | - |
Operating CF Growth % | - | 3392.17% | -131.65% | -115.37% | 153.76% | 63.93% | -33.62% | -33.9% | 819.32% |
Net Income | -60.76M | 39.74M | 59.07M | -50.4M | 4.43M | 137.24M | -240.39M | -52.23M | -66.98M |
Depreciation & Amortization | 28.45M | 27.32M | 27.47M | 25.95M | 101.06M | 54.83M | 52.78M | 47.29M | 47.27M |
Stock-Based Compensation | 0 | 799K | 5.61M | 13.76M | 14.98M | 14.54M | 10.35M | 0 | 8.54M |
Deferred Taxes | -20.06M | 22.32M | -2.74M | -10.1M | -31.57M | -8.86M | -37.65M | 3.19M | 575K |
Other Non-Cash Items | 2.87M | 6.58M | 35.2M | 18.77M | 8.24M | 26.7M | 342.26M | 158.5M | 152.78M |
Working Capital Changes | 31.05M | 289.31M | -246.82M | -261.16M | 44.34M | 7.51M | 26.64M | -54.96M | -56.77M |
Change in Receivables | 19.4M | -40.71M | -23.04M | -108.74M | -71.37M | 92.81M | 37.31M | 24.16M | 0 |
Change in Inventory | -10.26M | -94.59M | 28.34M | -88.18M | 20.87M | 66.74M | -44.79M | 52.85M | 0 |
Change in Payables | 6.5M | 105.48M | -50.52M | 7.01M | 12.67M | -37.65M | 58.18M | -35.87M | 0 |
Cash from Investing | -6.43M | -1.7M | -1.34M | -15.33M | -384.44M | -16.82M | -9.57M | -187.89M | -193.05M |
Capital Expenditures | -6.43M | -1.7M | -1.34M | -3.36M | -10.62M | -16.99M | -7.3M | -21.97M | -27.13M |
CapEx % of Revenue | 2.21% | 0.26% | 0.15% | 0.39% | 0.65% | 1.08% | 0.8% | 1.71% | 2.25% |
Acquisitions | 0 | 0 | 0 | 0 | -373.82M | 0 | 34K | -164.92M | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | -4.36M | 0 | 0 | 0 | 0 | 168K | 0 | 0 | -164.92M |
Cash from Financing | 50.86M | -63.95M | -129.27M | 537.75M | 8.44M | -101.76M | -11.84M | -38.05M | -43.94M |
Debt Issued (Net) | 4.48M | -64.08M | 356.67M | 280.1M | -18.05M | -99.05M | -8.66M | -36M | 6.83M |
Equity Issued (Net) | 0 | 0 | 145.53M | 345.63M | 48.98M | -1.51M | -1.75M | 0 | 0 |
Dividends Paid | 0 | 0 | -589M | -8.05M | -18.67M | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -1.75M | 0 | 0 |
Other Financing | 46.38M | 133K | -42.48M | -79.93M | -3.83M | -1.2M | -1.43M | -2.05M | -50.77M |
Net Change in Cash | 32.71M▲ 0% | 320.43M▲ 879.7% | -252.82M▼ 178.9% | 259.23M▲ 202.5% | -233.77M▼ 190.2% | 115.18M▲ 149.3% | 115.06M▼ 0.1% | -118.16M▼ 202.7% | -147.5M▲ 0% |
Free Cash Flow | -18.16M▲ 0% | 384.38M▲ 2217.0% | -123.54M▼ 132.1% | -266.54M▼ 115.7% | 130.87M▲ 149.1% | 214.97M▲ 64.3% | 146.68M▼ 31.8% | 79.81M▼ 45.6% | 58.29M▲ 0% |
FCF Margin % | -6.24% | 59.33% | -14.16% | -31.24% | 7.99% | 13.64% | 16.02% | 6.22% | 4.84% |
FCF Growth % | - | 2216.96% | -132.14% | -115.75% | 149.1% | 64.25% | -31.77% | -45.59% | -22.15% |
FCF per Share | -0.14 | 3.03 | -0.97 | -2.05 | 0.87 | 1.41 | 0.97 | 0.52 | 0.38 |
FCF Conversion (FCF/Net Income) | 0.19x | 9.71x | -2.07x | 5.22x | 31.93x | 1.69x | -0.64x | -1.95x | -0.87x |
Interest Paid | 14.26M | 11.34M | 6.93M | 24.31M | 23.12M | 43.95M | 38.66M | 0 | 11.54M |
Taxes Paid | 176K | 443K | 31.1M | 13.32M | 10.74M | 45.94M | 27.97M | 0 | 5.36M |
ARRY Key Ratios
Array Technologies, Inc. (ARRY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 13.95% | 52.68% | -115.39% | 1.5% | 26.54% | -53.46% | -19.02% | -20.64% |
Return on Invested Capital (ROIC) | 26.55% | 43.07% | -4.88% | -1.71% | 15.02% | -20.18% | 9.03% | 6.57% |
Gross Margin | 23.27% | 23.24% | 8% | 12.99% | 26.36% | 32.5% | 21.21% | 22.97% |
Net Margin | 6.13% | 6.77% | -5.91% | 0.27% | 8.71% | -26.25% | -4.07% | -5.56% |
Debt / Equity | 0.32x | - | 4.29x | 1.84x | 1.16x | 2.40x | 2.94x | 0.40x |
Interest Coverage | 4.44x | 8.04x | -0.72x | 0.87x | 5.01x | -6.20x | -0.07x | -2.42x |
FCF Conversion | 9.71x | -2.07x | 5.22x | 31.93x | 1.69x | -0.64x | -1.95x | -0.87x |
Revenue Growth | 122.81% | 34.69% | -2.22% | 91.9% | -3.72% | -41.91% | 40.22% | 13.19% |
Related:ARRY Dividend History·ARRY Revenue History·ARRY Price History·ARRY P/E History·ARRY Financial Ratios·ARRY Institutional Holders
ARRY SEC Filings & Documents
Array Technologies, Inc. (ARRY) SEC filings — annual & quarterly reports (10-K, 10-Q)
ARRY Frequently Asked Questions
Array Technologies, Inc. (ARRY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Array Technologies, Inc. (ARRY) reported $1.21B in revenue for fiscal year 2025. This represents a 314% increase from $290.8M in 2018.
Array Technologies, Inc. (ARRY) grew revenue by 40.2% over the past year. This is strong growth.
Array Technologies, Inc. (ARRY) reported a net loss of $67.0M for fiscal year 2025.
Dividend & Returns
Array Technologies, Inc. (ARRY) has a return on equity (ROE) of -19.0%. Negative ROE indicates the company is unprofitable.
Array Technologies, Inc. (ARRY) generated $58.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.