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Array Technologies, Inc.

ARRY

$5.54 ▲ +0.31 (+5.93%) at close

8 Visible periods

32 Metrics

Peer-ranked Benchmarks

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Health

Fair

Neutral

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Analytical Summary

Array Technologies, Inc. demonstrates solid fundamentals with strength in Return on Common Equity (%). However, watch Operating Margin (%) and Profit Margin (%) which show concerning trends. Consider comparing against peers in the Technology sector before making investment decisions.

Market Cap $845.1M

Dividend Yield —

Revenue Growth 40.2% ↗

Op. Margin -2.3% ↗

ROIC -11.5% ↗

FCF / Share $0.52 ↘

Trailing P/E —

Price / Book —

FCF Yield 9.4%

Debt / Equity -3.19

info Valuation on last close. End-of-day price, Aug 7, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.28B

↑ +40.2% —

Net Income Profit after all expenses

$-52.23M

↑ +78.3% —

Operating Margin Operating profit as % of sales

-2.3%

↑ +90.9% 24th

FCF / Share Free cash flow per share

$0.52

↓ -45.9% —

Long-Term Debt Long-term obligations

$658.66M

↑ +1.9% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

Financial Health ↓

Cash Quality

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	40.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+235%)	-41.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-449%)	-3.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-131%)	91.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+666%)	-2.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-118%)	34.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+189%)	122.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+923%)	—
EPS Growth YoY (%)	62.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	43.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	48.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—
Net Income Growth YoY (%)	78.3% Excellent Excellent Year-over-year change in net income	N/M	2996.6% Excellent Excellent Year-over-year change in net income	N/M	N/M	48.6% Excellent Excellent Year-over-year change in net income	N/M	—
FCF Growth YoY (%)	-45.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	-32.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	63.0% Excellent Excellent Year-over-year change in free cash flow	N/M	-99.2% Weak Weak Year-over-year change in free cash flow	N/M	N/M	—
Revenue CAGR 3Y (%)	-7.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	21.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	36.2% Excellent Excellent Compound annual revenue growth over 3 years	43.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	8.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	7.2% Fair Fair Compound annual revenue growth over 5 years	40.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	5.2% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	-2.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-111%)	-24.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-224%)	13.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	-1.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-106%)	-2.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-114%)	10.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	12.9% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	-21.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-205%)
Effective Tax Rate (%) (%)	-78.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	189.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.5% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-4.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-127%)	-26.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-275%)	8.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	-5.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	6.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	6.1% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	-20.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-239%)
FCF Margin (%) (%)	6.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-31.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-14.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	59.3% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	-4.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	-1.53x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	29.53x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	5.29x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.09x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	9.67x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.23x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	-11.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-41.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	18.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	1.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-6.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	21.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	91.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-2.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-15.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	12.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	-1.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	14.5% Good Good Operating profit relative to total assets Optimal: > 10%	9.0% Fair Fair Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	25.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+37%)	203.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1000%)	52.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+186%)	4.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-79%)	—	-73.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-495%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	-3.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-809%)	-5.47x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1317%)	2.55x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+467%)	6.51x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1346%)	204.38x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+45318%)	-5.24x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1265%)	—	—
Interest Coverage (x)	-1.81x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5.87x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.84x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	-0.54x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	6.29x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.44x Fair Fair Operating income divided by interest expense Optimal: > 5x	-3.21x Weak Weak Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$414.28M	$283.58M	$411.87M	$662.33M	$182.82M	$315.53M	$-254.31M	—
Debt / EBITDA (x)	-28.77x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.90x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.04x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.74x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	248.31x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.46x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.51x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$8.42	$6.03	$10.44	$10.93	$6.56	$7.27	$5.40	$2.42
Basic EPS, GAAP (USD)	$-0.73	$-1.95	$0.57	$-0.29	$-0.51	$0.49	$0.33	$-0.51
Free Cash Flow per Share (USD)	$0.52	$0.97	$1.42	$0.87	$-2.05	$-1.03	$3.20	$-0.12
Book Value per Share (USD)	$-1.35	$-0.78	$1.72	$0.74	$0.01	$-0.67	—	—
Tangible Book Value per Share (USD)	$-3.80	$-3.03	$-3.49	$-4.60	$-1.91	$-2.91	—	—
Basic Weighted Avg Shares (shares)	152.54M	151.75M	150.94M	149.82M	129.98M	119.99M	119.99M	119.99M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$492.03M	$560.91M	$496.59M	$357.86M	$270.81M	$86.07M	$29.06M	—
LT Debt (USD)	$658.66M	$646.57M	$660.95M	$725.11M	$299.21M	$423.97M	$55.95M	—
Total Equity (USD)	$-206.34M	$-118.10M	$259.25M	$111.45M	$1.46M	$-80.90M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$1.28B	$915.81M	$1.58B	$1.64B	$853.32M	$872.66M	$647.90M	$290.78M
Depreciation Expense (USD)	$6.10M	$4.40M	$3.50M	$101.06M	$25.95M	$27.47M	$27.32M	$28.45M
Net Income, GAAP (USD)	$-52.23M	$-240.39M	$137.24M	$4.43M	$-50.40M	$59.07M	$39.74M	$-60.76M
Operating Cash Flow (USD)	$101.78M	$153.98M	$231.96M	$141.49M	$-263.19M	$-122.20M	$386.07M	$-11.73M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 27 quarters

Array Technologies, Inc.

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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