Company Overview
Array Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. It operates through two segments, Array Legacy Operations and STI Operations. The company's products portfolio includes DuraTrack HZ V3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.
Why Investors Should Care
Revenue has grown at a 23.6% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $1.28B (+40.2% YoY); net profit $-52.23M.
- Trailing 12 Months Year-on-year growth — revenue -5.6%, earnings -73.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 23.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 23.64% |
| 1 Year: | -5.60% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | -73.20% |
Stock Price Performance
| 1 Year: | -46.83% |
| 6 Months: | -60.67% |
| 3 Months: | -42.11% |
| 1 Month: | -18.83% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)32.33 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 23.6% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 73.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ARRY Array Technologies, Inc. R2KR3KTECH | 3.19 | -3.32 | $491.28M | 0.00% | 6.86% | -25.98% | 23.64% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 210.96 | 26.64 | $5.09T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 347.72 | 39.88 | $5.07T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 524.51 | 29.19 | $3.89T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 418.51 | 31.19 | $2.17T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 321.68 | 41.08 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 877.55 | 19.82 | $991.10B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 516.79 | 131.83 | $843.65B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,571.80 | 51.02 | $603.73B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 197.77M | 437.72M | 114.92M | 139.46M | 248.24M | 196.52M | 188.69M | 300.59M | 419.87M | 515.02M | 376.77M | 507.73M | 350.44M | 153.40M | 255.77M | - | - | 302.36M | 362.24M | 393.49M | 226.04M | 223.41M | 342.06M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 225.94M | 265.12M | 287.82M | 206.71M | 160.41M | - |
| Gross Profit | 46.93M | 118.42M | 22.20M | 26.73M | 46.17M | 20.51M | 5.90M | 26.59M | 39.95M | 76.58M | 97.54M | 146.40M | 87.38M | 55.09M | 85.95M | - | - | 76.43M | 97.12M | 105.67M | 19.33M | 63.00M | 99.60M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.29M | 50.60M | 59.21M | 65.71M | 58.48M | - |
| Operating Income | 28.35M | 101.35M | 1.21M | -5.11M | 15.36M | -574.00K | -19.52M | -38.34M | -13.33M | 17.19M | 47.46M | 96.24M | 40.20M | 8.41M | 39.60M | - | - | 27.13M | 46.53M | 46.47M | -46.38M | 4.52M | 34.77M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.89M | 75.54M | 60.66M | -131.69M | 25.05M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.04M | 8.77M | 5.05M | 5.48M | 5.56M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23.28M | 56.88M | 43.44M | -152.82M | 4.12M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.53M | 13.62M | 9.94M | -7.07M | 2.13M | - |
| Net Income | 18.19M | 73.69M | 2.39M | -7.23M | 4.58M | -5.52M | -27.56M | -25.94M | -5.02M | 40.64M | 29.64M | 65.17M | 23.10M | 2.17M | 25.70M | - | - | 16.75M | 43.26M | 33.50M | -145.75M | 2.00M | 24.35M |
| Diluted EPS | - | 0.61 | 0.02 | -0.06 | 0.04 | -0.04 | -0.25 | -0.25 | -0.11 | 0.19 | 0.11 | 0.34 | 0.07 | -0.07 | 0.08 | - | - | 0.02 | 0.19 | 0.12 | -1.06 | -0.09 | 0.05 |
| R&D Expense | - | - | - | - | - | - | - | - | - | - | 2.10M | 2.30M | 2.00M | 1.90M | 1.80M | 1.60M | - | 2.40M | 2.50M | 2.30M | - | 3.00M | 5.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 290.78M | 647.90M | 872.66M | 853.32M | 1.64B | 1.58B | 915.81M | 1.28B |
| Cost of Revenue | - | - | - | - | 1.42B | 1.16B | 618.13M | 985.59M |
| Gross Profit | 11.55M | 150.76M | 202.80M | 68.30M | 212.72M | 415.55M | 297.68M | 298.55M |
| Operating Expenses | - | - | - | - | 235.36M | 198.46M | 196.65M | 224.81M |
| Operating Income | -61.21M | 83.41M | 95.21M | -24.74M | -22.64M | 217.09M | 101.02M | 73.74M |
| EBITDA | - | - | - | - | 132.80M | 276.21M | -162.97M | 45.40M |
| Interest Expense | - | - | - | - | 36.69M | 44.23M | 34.83M | 27.33M |
| Pretax Income | - | - | - | - | -4.95M | 177.16M | -250.58M | -29.22M |
| Tax Provision | - | - | - | - | -9.38M | 39.92M | -10.18M | 23.02M |
| Net Income | -60.76M | 39.74M | 59.07M | -50.40M | 4.43M | 137.24M | -240.39M | -52.23M |
| Diluted EPS | -0.51 | 0.33 | 0.49 | -0.51 | -0.29 | 0.56 | -1.95 | -0.73 |
| R&D Expense | - | - | - | - | 4.20M | 8.50M | 6.70M | 9.90M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 923.58M | 656.02M | 585.58M | 616.61M | 770.26M | - | 1.78B | 1.82B | 1.73B | 1.71B | 1.71B | 1.43B | 1.45B |
| Current Assets | - | - | - | - | - | - | - | - | - | 831.21M | 832.28M | 998.72M | 869.04M |
| Cash & Equivalents | 310.26M | 108.44M | 19.13M | 17.68M | 116.39M | - | 49.49M | 51.05M | 62.78M | 133.90M | 249.08M | 362.99M | 244.39M |
| Inventory | - | - | - | - | - | - | - | - | - | 233.16M | 161.96M | 200.82M | 150.37M |
| Receivables | - | - | - | - | - | - | - | - | - | 421.18M | 332.15M | 275.84M | 271.58M |
| Total Liabilities | 618.43M | 736.92M | 654.01M | 689.03M | 533.52M | - | 1.33B | 1.41B | 1.34B | 1.28B | 1.10B | 1.14B | 1.19B |
| Current Liabilities | 590.62M | 289.10M | 233.00M | 168.13M | 214.50M | - | 433.12M | 512.68M | 513.12M | 465.26M | 335.69M | 437.81M | 377.01M |
| Long Term Debt | 0 | 423.97M | 391.68M | 493.94M | 299.21M | - | 778.25M | 793.56M | 725.11M | 720.35M | 660.95M | 646.57M | 658.66M |
| Total Debt | - | - | - | - | - | - | - | - | - | 769.60M | 730.47M | 698.01M | 766.19M |
| Total Equity | 305.15M | -80.90M | -68.43M | -72.42M | 1.46M | - | 170.22M | 110.37M | 111.45M | 423.85M | 610.51M | 288.83M | 260.39M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | 150.51M | 151.24M | 151.95M | 152.78M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -11.73M | 386.07M | -122.20M | - | 141.49M | 231.96M | 153.98M | 101.78M |
| Investing Cash Flow | -6.43M | -1.70M | -1.34M | - | -384.44M | -16.82M | -9.57M | -187.89M |
| Financing Cash Flow | 50.86M | -63.95M | -129.27M | - | 8.44M | -101.76M | -11.84M | -38.05M |
| Capital Expenditure | -2.07M | -1.70M | -1.34M | - | -10.62M | -16.99M | -18.58M | -21.97M |
| Free Cash Flow | -13.80M | 384.38M | -123.54M | - | 130.87M | 214.97M | 135.40M | 79.81M |
| Net Change in Cash | - | - | - | - | -234.50M | 113.37M | 132.56M | -124.16M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 4.0% | 23.3% | 23.2% | 8.0% | 13.0% | 26.4% | 32.5% | 23.2% |
| Operating Margin % | -21.0% | 12.9% | 10.9% | -2.9% | -1.4% | 13.8% | 11.0% | 5.7% |
| Net Margin % | -20.9% | 6.1% | 6.8% | -5.9% | 0.3% | 8.7% | -26.2% | -4.1% |
| ROE % | - | 13.0% | -73.0% | - | 1.0% | 22.5% | -83.2% | -20.1% |
| ROCE % | - | 25.1% | 25.9% | - | -1.8% | 15.8% | 10.2% | 6.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 18.99% | 29.25M | $107.65M |
| 2 | Hill City Capital, Lp | 8.37% | 12.89M | $47.44M |
| 3 | Grantham, Mayo, Van Otterloo & Co. LLC | 7.72% | 11.89M | $43.76M |
| 4 | UBS Group AG | 7.45% | 11.47M | $42.22M |
| 5 | First Trust Advisors LP | 6.71% | 10.34M | $38.06M |
| 6 | BNP Paribas Asset Management Holding S.A. | 6.22% | 9.57M | $35.23M |
| 7 | Price (T.Rowe) Associates Inc | 5.61% | 8.64M | $31.80M |
| 8 | Vanguard Portfolio Management LLC | 5.19% | 7.99M | $29.42M |
| 9 | Invesco Ltd. | 4.83% | 7.44M | $27.39M |
| 10 | Vanguard Capital Management LLC | 4.42% | 6.81M | $25.05M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ARRY
ARRY Stock Cracks 26%, On Track To Hit 200-DMA For First Time In 3 Months – Retail Says Valuation Is ‘Cheap’ - Stocktwits
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ARRY — Frequently Asked Questions
What is the current share price of Array Technologies, Inc. (ARRY)?
As of 2026-10-23 16:27 PDT, Array Technologies, Inc. (ARRY) trades at $3.19 on NasdaqGM. Its 52-week range is $3.19 to $11.96.
What is the market capitalisation of ARRY?
Array Technologies, Inc. (ARRY) has a market capitalisation of $491.28M on NasdaqGM.
What is the P/E ratio of ARRY?
ARRY trades at a trailing price-to-earnings (P/E) ratio of -3.32. The industry average P/E is 30.29. Its price-to-book (P/B) ratio is -2.80.
What is the return on equity (ROE) of ARRY?
ARRY has a return on equity (ROE) of -25.98%. Its return on capital employed (ROCE) is 6.86%.
Is ARRY a good stock to buy?
This page provides a data-driven analysis of Array Technologies, Inc. (ARRY), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.