# Array Technologies Inc. (ARRY) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Solar. Price $4.60, market value $708 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Array Technologies Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.08**. A PEG of 0.08 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Free-cash-flow yield: 19.0%** (5-yr avg 4.3%). Free cash flow equals 19.0% of the market value, above its five-year average of 4.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 24.3%**. Array Technologies Inc. keeps 24.3% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -5.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -4.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: 25.3%**. 25.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: -22.0%**. Return on all capital, debt included, is -22.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -5.9%**. Each dollar of assets produces -5.9% of profit.

## Growth
- **Revenue growth (1 yr): 40.2%** (3-yr -7.8%/yr, 5-yr 8.0%/yr). Revenue grew 40.2% over the last year, against 8.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 62.6%**. Earnings per share rose 62.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -15.2%/yr**. Free cash flow has compounded at -15.2% a year over three years.

## Financial health
- **Net debt / EBITDA: net cash**. Array Technologies Inc. holds more cash than debt.
- **Altman Z-score: 0.98**. A Z-score of 0.98 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Array Technologies Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (21 analysts). 21 analysts cover Array Technologies Inc.; the consensus is buy, with an average price target of $9.11 (+98% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -49.4%** (YTD -50.1%, 3-mo -43.1%). The shares are down 49.4% over twelve months including dividends.
- **From 52-week high: -62.4%** (6.7% above the low). Trading 62% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 2.81** (volatility 78%). Beta of 2.81 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ARRY · Page: https://foliofundamentals.com/stocks/arry

Not investment advice.