ARRAY TECHNOLOGIES INC (ARRY) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:ARRY • US04271T1007

11.1 USD
-0.51 (-4.39%)
At close: Feb 11, 2026
11.02 USD
-0.08 (-0.72%)
After Hours: 2/11/2026, 4:30:00 PM
Fundamental Rating

5

Taking everything into account, ARRY scores 5 out of 10 in our fundamental rating. ARRY was compared to 91 industry peers in the Electrical Equipment industry. ARRY has only an average score on both its financial health and profitability. ARRY has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ARRY was profitable.
  • ARRY had a positive operating cash flow in the past year.
  • In multiple years ARRY reported negative net income over the last 5 years.
  • In multiple years ARRY reported negative operating cash flow during the last 5 years.
ARRY Yearly Net Income VS EBIT VS OCF VS FCFARRY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

  • ARRY has a Return On Assets of -5.72%. This is in the better half of the industry: ARRY outperforms 60.44% of its industry peers.
  • With a Return On Equity value of -22.77%, ARRY perfoms like the industry average, outperforming 56.04% of the companies in the same industry.
  • ARRY's Return On Invested Capital of 9.59% is amongst the best of the industry. ARRY outperforms 85.71% of its industry peers.
Industry RankSector Rank
ROA -5.72%
ROE -22.77%
ROIC 9.59%
ROA(3y)-6.1%
ROA(5y)-3.02%
ROE(3y)-32.93%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ARRY Yearly ROA, ROE, ROICARRY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60 -80 -100

1.3 Margins

  • Looking at the Operating Margin, with a value of 10.70%, ARRY belongs to the top of the industry, outperforming 80.22% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ARRY has declined.
  • With a Gross Margin value of 26.82%, ARRY perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • ARRY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.7%
PM (TTM) N/A
GM 26.82%
OM growth 3YN/A
OM growth 5Y-3.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.56%
GM growth 5Y6.91%
ARRY Yearly Profit, Operating, Gross MarginsARRY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 -20

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ARRY is creating some value.
  • ARRY has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ARRY has more shares outstanding
  • ARRY has a worse debt/assets ratio than last year.
ARRY Yearly Shares OutstandingARRY Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
ARRY Yearly Total Debt VS Total AssetsARRY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • ARRY has an Altman-Z score of 2.06. This is not the best score and indicates that ARRY is in the grey zone with still only limited risk for bankruptcy at the moment.
  • ARRY has a better Altman-Z score (2.06) than 61.54% of its industry peers.
  • ARRY has a debt to FCF ratio of 7.72. This is a slightly negative value and a sign of low solvency as ARRY would need 7.72 years to pay back of all of its debts.
  • ARRY's Debt to FCF ratio of 7.72 is fine compared to the rest of the industry. ARRY outperforms 69.23% of its industry peers.
  • A Debt/Equity ratio of 1.63 is on the high side and indicates that ARRY has dependencies on debt financing.
  • The Debt to Equity ratio of ARRY (1.63) is worse than 64.84% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.63
Debt/FCF 7.72
Altman-Z 2.06
ROIC/WACC1.26
WACC7.63%
ARRY Yearly LT Debt VS Equity VS FCFARRY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

  • ARRY has a Current Ratio of 1.89. This is a normal value and indicates that ARRY is financially healthy and should not expect problems in meeting its short term obligations.
  • ARRY has a Current ratio (1.89) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.50 indicates that ARRY should not have too much problems paying its short term obligations.
  • ARRY has a Quick ratio of 1.50. This is in the better half of the industry: ARRY outperforms 63.74% of its industry peers.
Industry RankSector Rank
Current Ratio 1.89
Quick Ratio 1.5
ARRY Yearly Current Assets VS Current LiabilitesARRY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 31.25% over the past year.
  • The Earnings Per Share has been growing by 65.57% on average over the past years. This is a very strong growth
  • ARRY shows a strong growth in Revenue. In the last year, the Revenue has grown by 35.75%.
  • Measured over the past years, ARRY shows a small growth in Revenue. The Revenue has been growing by 7.17% on average per year.
EPS 1Y (TTM)31.25%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%76.47%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%

3.2 Future

  • ARRY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.02% yearly.
  • Based on estimates for the next years, ARRY will show a quite strong growth in Revenue. The Revenue will grow by 12.21% on average per year.
EPS Next Y15.93%
EPS Next 2Y21.91%
EPS Next 3Y19.93%
EPS Next 5Y13.02%
Revenue Next Year39.36%
Revenue Next 2Y26.55%
Revenue Next 3Y19.28%
Revenue Next 5Y12.21%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ARRY Yearly Revenue VS EstimatesARRY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B
ARRY Yearly EPS VS EstimatesARRY Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.2 0.4 0.6 0.8 1

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.21, the valuation of ARRY can be described as correct.
  • Based on the Price/Earnings ratio, ARRY is valued cheaper than 93.41% of the companies in the same industry.
  • ARRY is valuated cheaply when we compare the Price/Earnings ratio to 28.03, which is the current average of the S&P500 Index.
  • ARRY is valuated correctly with a Price/Forward Earnings ratio of 12.66.
  • 92.31% of the companies in the same industry are more expensive than ARRY, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. ARRY is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.21
Fwd PE 12.66
ARRY Price Earnings VS Forward Price EarningsARRY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • ARRY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ARRY is cheaper than 93.41% of the companies in the same industry.
  • ARRY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ARRY is cheaper than 90.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.21
EV/EBITDA 11.93
ARRY Per share dataARRY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • ARRY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ARRY's earnings are expected to grow with 19.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.83
PEG (5Y)N/A
EPS Next 2Y21.91%
EPS Next 3Y19.93%

0

5. Dividend

5.1 Amount

  • No dividends for ARRY!.
Industry RankSector Rank
Dividend Yield 0%

ARRAY TECHNOLOGIES INC

NASDAQ:ARRY (2/11/2026, 4:30:00 PM)

After market: 11.02 -0.08 (-0.72%)

11.1

-0.51 (-4.39%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-05
Earnings (Next)02-25
Inst Owners136.7%
Inst Owner Change-0.01%
Ins Owners0.5%
Ins Owner Change0.46%
Market Cap1.70B
Revenue(TTM)1.33B
Net Income(TTM)-92.11M
Analysts76.36
Price Target11.24 (1.26%)
Short Float %18.42%
Short Ratio4.61
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.33%
Min EPS beat(2)25.01%
Max EPS beat(2)45.64%
EPS beat(4)3
Avg EPS beat(4)25.95%
Min EPS beat(4)-9.27%
Max EPS beat(4)45.64%
EPS beat(8)7
Avg EPS beat(8)70.72%
EPS beat(12)11
Avg EPS beat(12)118.82%
EPS beat(16)14
Avg EPS beat(16)104.93%
Revenue beat(2)2
Avg Revenue beat(2)23.14%
Min Revenue beat(2)22.27%
Max Revenue beat(2)24.01%
Revenue beat(4)4
Avg Revenue beat(4)14.72%
Min Revenue beat(4)0.51%
Max Revenue beat(4)24.01%
Revenue beat(8)7
Avg Revenue beat(8)9.8%
Revenue beat(12)10
Avg Revenue beat(12)8.59%
Revenue beat(16)14
Avg Revenue beat(16)10.07%
PT rev (1m)1.07%
PT rev (3m)10.42%
EPS NQ rev (1m)-5566.67%
EPS NQ rev (3m)-113.71%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-0.26%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)-2.64%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)5.12%
Valuation
Industry RankSector Rank
PE 13.21
Fwd PE 12.66
P/S 1.27
P/FCF 19.21
P/OCF 14.65
P/B 4.19
P/tB N/A
EV/EBITDA 11.93
EPS(TTM)0.84
EY7.57%
EPS(NY)0.88
Fwd EY7.9%
FCF(TTM)0.58
FCFY5.21%
OCF(TTM)0.76
OCFY6.83%
SpS8.73
BVpS2.65
TBVpS-0.56
PEG (NY)0.83
PEG (5Y)N/A
Graham Number7.08
Profitability
Industry RankSector Rank
ROA -5.72%
ROE -22.77%
ROCE 12.38%
ROIC 9.59%
ROICexc 11.87%
ROICexgc 25.04%
OM 10.7%
PM (TTM) N/A
GM 26.82%
FCFM 6.62%
ROA(3y)-6.1%
ROA(5y)-3.02%
ROE(3y)-32.93%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y-46.48%
OM growth 3YN/A
OM growth 5Y-3.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.56%
GM growth 5Y6.91%
F-Score5
Asset Turnover0.83
Health
Industry RankSector Rank
Debt/Equity 1.63
Debt/FCF 7.72
Debt/EBITDA 3.52
Cap/Depr 61.76%
Cap/Sales 2.06%
Interest Coverage 5.22
Cash Conversion 61.84%
Profit Quality N/A
Current Ratio 1.89
Quick Ratio 1.5
Altman-Z 2.06
F-Score5
WACC7.63%
ROIC/WACC1.26
Cap/Depr(3y)25.56%
Cap/Depr(5y)18.91%
Cap/Sales(3y)1.25%
Cap/Sales(5y)0.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.25%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%76.47%
EPS Next Y15.93%
EPS Next 2Y21.91%
EPS Next 3Y19.93%
EPS Next 5Y13.02%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%
Revenue Next Year39.36%
Revenue Next 2Y26.55%
Revenue Next 3Y19.28%
Revenue Next 5Y12.21%
EBIT growth 1Y32.64%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year482.85%
EBIT Next 3Y97.29%
EBIT Next 5Y50.54%
FCF growth 1Y-59.88%
FCF growth 3YN/A
FCF growth 5Y-18.84%
OCF growth 1Y-50.86%
OCF growth 3YN/A
OCF growth 5Y-16.79%

ARRAY TECHNOLOGIES INC / ARRY FAQ

What is the ChartMill fundamental rating of ARRAY TECHNOLOGIES INC (ARRY) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ARRY.


What is the valuation status of ARRAY TECHNOLOGIES INC (ARRY) stock?

ChartMill assigns a valuation rating of 7 / 10 to ARRAY TECHNOLOGIES INC (ARRY). This can be considered as Undervalued.


Can you provide the profitability details for ARRAY TECHNOLOGIES INC?

ARRAY TECHNOLOGIES INC (ARRY) has a profitability rating of 4 / 10.


Can you provide the financial health for ARRY stock?

The financial health rating of ARRAY TECHNOLOGIES INC (ARRY) is 4 / 10.


Is the dividend of ARRAY TECHNOLOGIES INC sustainable?

The dividend rating of ARRAY TECHNOLOGIES INC (ARRY) is 0 / 10 and the dividend payout ratio is 0%.