11.325 USD
+0.18 (+1.66%)
Last: Feb 3, 2026, 11:34 AM
We assign a fundamental rating of 5 out of 10 to ARRY. ARRY was compared to 91 industry peers in the Electrical Equipment industry. While ARRY is still in line with the averages on profitability rating, there are concerns on its financial health. ARRY is growing strongly while it also seems undervalued. This is an interesting combination
1. Profitability
1.1 Basic Checks
- In the past year ARRY was profitable.
- In the past year ARRY had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: ARRY reported negative net income in multiple years.
- In multiple years ARRY reported negative operating cash flow during the last 5 years.
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.
- ARRY's Return On Equity of -22.77% is in line compared to the rest of the industry. ARRY outperforms 56.04% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 9.59%, ARRY belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
- ARRY's Operating Margin of 10.70% is amongst the best of the industry. ARRY outperforms 80.22% of its industry peers.
- ARRY's Operating Margin has declined in the last couple of years.
- 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ARRY is still creating some value.
- The number of shares outstanding for ARRY has been increased compared to 1 year ago.
- Compared to 5 years ago, ARRY has more shares outstanding
- ARRY has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.03 indicates that ARRY is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 2.03, ARRY perfoms like the industry average, outperforming 59.34% of the companies in the same industry.
- 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 has a better Debt to FCF ratio (7.72) than 69.23% of its industry peers.
- ARRY has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
- ARRY has a worse Debt to Equity ratio (1.63) than 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 7.72 | ||
| Altman-Z | 2.03 |
ROIC/WACC1.26
WACC7.62%
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.
- With a Current ratio value of 1.89, ARRY perfoms like the industry average, outperforming 53.85% of the companies in the same 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
- ARRY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.25%, which is quite impressive.
- Measured over the past years, ARRY shows a very strong growth in Earnings Per Share. The EPS has been growing by 65.57% on average per year.
- The Revenue has grown by 35.75% in the past year. This is a very strong growth!
- 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
- The Earnings Per Share is expected to grow by 13.02% on average over the next years. This is quite good.
- 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 2Y22.11%
EPS Next 3Y20.17%
EPS Next 5Y13.02%
Revenue Next Year39.46%
Revenue Next 2Y26.29%
Revenue Next 3Y19.11%
Revenue Next 5Y12.21%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 13.48 indicates a correct valuation of ARRY.
- Based on the Price/Earnings ratio, ARRY is valued cheaply inside the industry as 93.41% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 28.41. ARRY is valued rather cheaply when compared to this.
- The Price/Forward Earnings ratio is 12.87, which indicates a correct valuation of ARRY.
- ARRY's Price/Forward Earnings ratio is rather cheap when compared to the industry. ARRY is cheaper than 92.31% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.64. ARRY is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.48 | ||
| Fwd PE | 12.87 |
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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 91.21% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.6 | ||
| EV/EBITDA | 11.55 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as ARRY's earnings are expected to grow with 20.17% in the coming years.
PEG (NY)0.85
PEG (5Y)N/A
EPS Next 2Y22.11%
EPS Next 3Y20.17%
5. Dividend
5.1 Amount
- ARRY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:ARRY (2/3/2026, 11:34:51 AM)
11.325
+0.18 (+1.66%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-25 2026-02-25/amc
Inst Owners136.7%
Inst Owner Change-0.76%
Ins Owners0.5%
Ins Owner Change0%
Market Cap1.73B
Revenue(TTM)1.33B
Net Income(TTM)-92.11M
Analysts76.36
Price Target11.2 (-1.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)0.7%
PT rev (3m)10.02%
EPS NQ rev (1m)-3083.33%
EPS NQ rev (3m)-104.1%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)0.46%
Revenue NQ rev (3m)-9.59%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)5.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.48 | ||
| Fwd PE | 12.87 | ||
| P/S | 1.3 | ||
| P/FCF | 19.6 | ||
| P/OCF | 14.95 | ||
| P/B | 4.28 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.55 |
EPS(TTM)0.84
EY7.42%
EPS(NY)0.88
Fwd EY7.77%
FCF(TTM)0.58
FCFY5.1%
OCF(TTM)0.76
OCFY6.69%
SpS8.73
BVpS2.65
TBVpS-0.56
PEG (NY)0.85
PEG (5Y)N/A
Graham Number7.08
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.03 |
F-Score5
WACC7.62%
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 2Y22.11%
EPS Next 3Y20.17%
EPS Next 5Y13.02%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%
Revenue Next Year39.46%
Revenue Next 2Y26.29%
Revenue Next 3Y19.11%
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 8 / 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 3 / 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%.