Array Technologies, Inc. (ARRY) Earnings History
Annual and quarterly earnings data from 2018 to 2025
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ARRY EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ARRY Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 21.2% | 6.6% | -4.1% |
| 2024 | 32.5% | -24.8% | -26.2% |
| 2023 | 26.4% | 13.6% | 8.7% |
| 2022 | 13.0% | -1.1% | 0.3% |
| 2021 | 8.0% | -2.9% | -5.9% |
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Array Technologies, Inc. (ARRY) Earnings Overview
As of May 7, 2026, Array Technologies, Inc. (ARRY) reported trailing twelve-month net income of -$67M, reflecting +62.6% year-over-year growth. The company earned $-0.44 per diluted share over the past four quarters, with a net profit margin of -4.1%.
Looking at the long-term picture, ARRY's historical earnings data spans multiple years. The company achieved its highest annual net income of $137M in fiscal 2023.
Array Technologies, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including SHLS ($34M net income, 7.1% margin), FTCI (-$41M net income, -77.2% margin), FSLR ($1.67B net income, 29.3% margin), ARRY has room to improve margins relative to the peer group. Compare ARRY vs SHLS →
ARRY Earnings vs Peers
Earnings metrics vs comparable public companies
ARRY Historical Earnings Data (2018–2025)
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$52M | +78.3% | $84M | $-0.73 | -4.1% | 6.6% |
| 2024 | -$240M | -275.2% | -$227M | $-1.95 | -26.2% | -24.8% |
| 2023 | $137M | +2996.6% | $214M | $0.56 | 8.7% | 13.6% |
| 2022 | $4M | +108.8% | -$18M | $-0.29 | 0.3% | -1.1% |
| 2021 | -$50M | -185.3% | -$25M | $-0.51 | -5.9% | -2.9% |
| 2020 | $59M | +48.6% | $95M | $0.47 | 6.8% | 10.9% |
| 2019 | $40M | +165.4% | $83M | $0.31 | 6.1% | 12.9% |
| 2018 | -$61M | - | -$61M | $-0.48 | -20.9% | -21.0% |
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Start ComparisonARRY — Frequently Asked Questions
Quick answers to the most common questions about buying ARRY stock.
Is ARRY growing earnings?
ARRY EPS is $-0.44, with earnings growth accelerating to +62.6%. This exceeds the 5-year CAGR of N/A. TTM net income reached $-67M.
What are ARRY's profit margins?
Array Technologies, Inc. net margin is -4.1%, with operating margin at +6.6%. Below-average margins reflect competitive or cost pressures.
How consistent are ARRY's earnings?
ARRY earnings data spans 2018-2025. The accelerating earnings trend is +62.6% YoY. Historical data enables comparison across business cycles.