ARRAY TECHNOLOGIES INC (ARRY) Stock Fundamental Analysis

NASDAQ:ARRY • US04271T1007

7.58 USD
+0.3 (+4.12%)
At close: Feb 27, 2026
7.54 USD
-0.04 (-0.53%)
After Hours: 2/27/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, ARRY scores 4 out of 10 in our fundamental rating. 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 cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ARRY had positive earnings in the past year.
  • ARRY had a positive operating cash flow in the past year.
  • In the past 5 years ARRY reported 4 times negative net income.
  • 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

  • Looking at the Return On Assets, with a value of -5.72%, ARRY is in the better half of the industry, outperforming 60.44% of the companies in the same industry.
  • The Return On Equity of ARRY (-22.77%) is comparable to the rest of the industry.
  • ARRY has a better Return On Invested Capital (9.59%) than 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

  • ARRY has a better Operating Margin (10.70%) than 80.22% of its industry peers.
  • In the last couple of years the Operating Margin of ARRY has declined.
  • ARRY has a Gross Margin of 26.82%. This is comparable to the rest of the industry: ARRY outperforms 57.14% of its industry peers.
  • In the last couple of years the Gross Margin of ARRY has grown nicely.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • There is no outstanding debt for ARRY. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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 1.74. This is a bad value and indicates that ARRY is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ARRY (1.74) is comparable to the rest of the 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'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.
  • ARRY has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.63, ARRY is not doing good in the industry: 63.74% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.63
Debt/FCF 7.72
Altman-Z 1.74
ROIC/WACC1.35
WACC7.09%
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

  • A Current Ratio of 1.89 indicates that ARRY should not have too much problems paying its short term obligations.
  • ARRY has a Current ratio (1.89) which is in line with its industry peers.
  • ARRY has a Quick Ratio of 1.50. This is a normal value and indicates that ARRY is financially healthy and should not expect problems in meeting its short term obligations.
  • ARRY's Quick ratio of 1.50 is fine compared to the rest of the industry. ARRY outperforms 64.84% 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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 13.56% over the past year.
  • Measured over the past years, ARRY shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.17% on average per year.
EPS 1Y (TTM)13.56%
EPS 3Y24.17%
EPS 5YN/A
EPS Q2Q%-106.25%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-17.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.41% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.25% on average over the next years.
EPS Next Y30.88%
EPS Next 2Y23.25%
EPS Next 3Y16.39%
EPS Next 5Y9.41%
Revenue Next Year15.3%
Revenue Next 2Y10.88%
Revenue Next 3Y7.42%
Revenue Next 5Y5.25%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.31 indicates a reasonable valuation of ARRY.
  • ARRY's Price/Earnings ratio is rather cheap when compared to the industry. ARRY is cheaper than 96.70% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.10, ARRY is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.64 indicates a reasonable valuation of ARRY.
  • 96.70% of the companies in the same industry are more expensive than ARRY, based on the Price/Forward Earnings ratio.
  • ARRY is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.31
Fwd PE 8.64
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 96.70% of the companies in the same industry.
  • 93.41% of the companies in the same industry are more expensive than ARRY, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.12
EV/EBITDA 8.4
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.
  • A more expensive valuation may be justified as ARRY's earnings are expected to grow with 16.39% in the coming years.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y23.25%
EPS Next 3Y16.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

ARRAY TECHNOLOGIES INC

NASDAQ:ARRY (2/27/2026, 8:00:02 PM)

After market: 7.54 -0.04 (-0.53%)

7.58

+0.3 (+4.12%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners136.7%
Inst Owner Change-6.54%
Ins Owners0.5%
Ins Owner Change0.59%
Market Cap1.16B
Revenue(TTM)N/A
Net Income(TTM)-92.11M
Analysts75.63
Price Target11.33 (49.47%)
Short Float %16.29%
Short Ratio4.24
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)0.36%
PT rev (3m)1.42%
EPS NQ rev (1m)-135.12%
EPS NQ rev (3m)-254.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.26%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-0.61%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)5.12%
Valuation
Industry RankSector Rank
PE 11.31
Fwd PE 8.64
P/S 0.87
P/FCF 13.12
P/OCF 10
P/B 2.86
P/tB N/A
EV/EBITDA 8.4
EPS(TTM)0.67
EY8.84%
EPS(NY)0.88
Fwd EY11.57%
FCF(TTM)0.58
FCFY7.62%
OCF(TTM)0.76
OCFY10%
SpS8.73
BVpS2.65
TBVpS-0.56
PEG (NY)0.37
PEG (5Y)N/A
Graham Number6.32
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 1.74
F-Score5
WACC7.09%
ROIC/WACC1.35
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)13.56%
EPS 3Y24.17%
EPS 5YN/A
EPS Q2Q%-106.25%
EPS Next Y30.88%
EPS Next 2Y23.25%
EPS Next 3Y16.39%
EPS Next 5Y9.41%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-17.87%
Revenue Next Year15.3%
Revenue Next 2Y10.88%
Revenue Next 3Y7.42%
Revenue Next 5Y5.25%
EBIT growth 1Y32.64%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year481.95%
EBIT Next 3Y97.47%
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 4 / 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%.