
Array Technologies Financial Ratios 2025-2011 | ARRY
Brief overview of Array Technologies's market valuation
Current figures are compared with the company's own five-year history for 2015–2023.
Key multiples at the end of the period are P/E 12.12x (median 88.71x), EV/EBITDA 9.92x (median 44.34x), P/S 1.31x (median 1.54x). Multiples are on average 15.2% below their own medians. Shares look cheaper than their recent historical valuation.
The 1/P/E calculation produces a 8.3% earnings yield. It does not capture future growth or capital structure.
Capital efficiency is characterized by ROE 25.3%, ROA -3.6%, ROCE 14.1%. Returns below zero mean resources are not producing positive profit. Recovery in operating results is the main reference point.
The cash conversion cycle decreased 27 days to 84.2 days, supporting working-capital efficiency.
What the ratios show
Array Technologies's valuation is lower, but weak quality metrics call for caution. Recovery in earnings and capital returns is the key catalyst.
Annual Financial Ratios Array Technologies
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-32.2 | -7.0 | 12.1 | 570.6 | -40.5 | 88.7 | 153.3 | -20.0 | -10.8 | -5.8 | 83.9 | -6.7 | -14.1 | -28.9 | - |
P/S |
1.3 | 1.8 | 1.1 | 1.5 | 2.4 | 6.0 | 9.4 | 17.0 | 8.4 | 3.9 | 15.1 | 13.6 | 12.5 | 8.0 | - |
EPS |
-0.7 | -1.9 | 0.6 | -0.3 | -0.5 | 0.5 | 0.3 | -0.5 | - | - | - | - | - | - | - |
EV (Enterprise Value) |
2.63 B | 2.45 B | 2.51 B | 3.68 B | 2.65 B | 5.87 B | 6.35 B | 3.15 B | 1.53 B | 742 M | 941 M | 738 M | 1.03 B | 876 M | 150 M |
EBITDA per Share |
-0.02 | -1.26 | 1.68 | 0.55 | 0.01 | 1.01 | 0.858 | -0.612 | -0.567 | -0.52 | 0.0936 | -0.487 | -0.227 | -0.0442 | - |
EV/EBITDA |
-939.9 | -12.8 | 9.9 | 44.3 | 503.8 | 37.3 | 54.0 | -24.1 | -13.7 | -8.0 | 65.5 | -9.2 | -29.6 | -120.4 | - |
PEG |
-0.03 | -0.01 | 0.01 | 0.56 | 0.66 | -0.52 | 489.75 | 5.42 | 1.06 | 0.01 | 0.76 | 0.18 | 0.09 | -0.35 | - |
P/B |
6.5 | 5.8 | 2.7 | 6.0 | 12.1 | -64.8 | 20.0 | 13.4 | 107.4 | -14.1 | 18.4 | -22.3 | -39.8 | -8.0 | - |
P/CF |
16.5 | 10.9 | 7.2 | 17.9 | -7.7 | -42.9 | 15.8 | -24.4 | -29.4 | -7.3 | -94.7 | -7.7 | -9.7 | -19.5 | - |
ROE % |
25.32 | 203.56 | 52.94 | 3.57 | 72.83 | -73.02 | 13.02 | -67.03 | -995.99 | 244.75 | 21.97 | 331.47 | 282.72 | 27.48 | - |
ROA % |
-3.60 | -16.86 | 8.04 | 0.26 | -4.41 | 9.00 | 4.30 | -32.00 | -41.84 | -54.97 | 4.73 | -61.31 | -45.55 | -21.82 | - |
ROCE % |
14.05 | 192.22 | 82.59 | -1.92 | -3.75 | 25.95 | 19.40 | -35.65 | -48.70 | -70.59 | 2.11 | -87.60 | -46.30 | -34.37 | - |
Current Ratio |
1.2 | 1.3 | 1.6 | 1.3 | 1.2 | 0.9 | 1.0 | 4.7 | 3.9 | 3.0 | 4.5 | 2.3 | 2.4 | 1.2 | - |
DSO |
77.8 | 121.2 | 87.2 | 73.2 | 75.9 | 24.8 | 54.6 | 67.4 | 75.7 | 104.0 | 44.3 | 47.1 | 50.3 | - | - |
DIO |
65.0 | 107.1 | 62.1 | 56.2 | 76.8 | 32.3 | 108.7 | - | - | - | - | - | - | - | - |
DPO |
58.6 | 86.2 | 45.6 | 33.6 | 41.4 | 22.5 | 99.5 | 86.4 | 89.1 | 159.9 | 37.6 | 55.2 | 65.5 | 97.3 | - |
Operating Cycle |
142.8 | 228.3 | 149.3 | 129.4 | 152.6 | 57.1 | 163.3 | 67.4 | 75.7 | 104.0 | 44.3 | 47.1 | 50.3 | - | - |
Cash Conversion Cycle |
84.2 | 142.1 | 103.7 | 95.8 | 111.2 | 34.5 | 63.8 | -19.0 | -13.4 | -55.8 | 6.8 | -8.1 | -15.1 | -97.3 | - |
All numbers in USD currency
Quarterly Financial Ratios Array Technologies
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
-0.09 | 0.12 | 0.19 | 0.02 | -1.02 | 0.08 | -0.07 | 0.07 | 0.34 | 0.11 | - | 0.19 | -0.11 | -0.25 | - | -0.25 | -0.04 | 0.04 | - | -0.06 | 0.02 | 0.61 | - | 0.15 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
0.1 | 0.34 | 0.34 | 0.21 | -0.81 | 0.32 | 0.12 | 0.33 | 0.7 | 0.39 | - | 0.26 | 0.08 | -0.1 | - | -0.1 | 0.1 | 0.17 | - | 0.13 | 0.12 | 0.9 | - | 0.41 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
-150.82 | -369.09 | -284.52 | -222.54 | -195.34 | 51.20 | 57.11 | 92.64 | 78.02 | 35.44 | 16.68 | -1865.90 | -1894.75 | -1896.89 | -1881.65 | -1872.71 | 6.91 | -91.79 | -85.10 | 8.94 | -2.96 | -91.08 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
6.19 | -2.98 | -3.51 | -6.18 | -6.06 | 6.50 | 6.60 | 6.18 | 3.37 | -3.72 | -5.37 | -5.37 | -6.27 | -5.20 | -3.69 | -4.79 | -0.85 | 11.28 | 10.49 | 12.46 | 0.36 | 11.23 | - | 1.97 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
-193.95 | -396.38 | -279.28 | -210.20 | -164.76 | 81.35 | 91.59 | 103.38 | 84.53 | 40.55 | 10.50 | 4.41 | -11.15 | -5.47 | -1.86 | -3.25 | 3.17 | 30.92 | 26.56 | 128.50 | 0.33 | 27.62 | - | 101.94 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
1.2 | 1.3 | 1.3 | 1.3 | 1.4 | 1.5 | 1.6 | 1.5 | 1.5 | 1.4 | 1.3 | - | 1.2 | 1.3 | 1.2 | 1.4 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1.5 | 1.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DSO |
137.0 | 86.5 | 81.8 | 85.2 | 116.7 | 96.1 | 195.4 | 121.1 | 82.4 | 101.2 | - | 40.6 | 92.2 | 95.2 | - | 77.3 | 63.6 | 44.6 | - | 77.7 | 94.2 | 22.4 | - | 22.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DIO |
99.2 | 56.9 | 62.8 | 77.3 | 107.7 | 92.5 | 183.2 | 73.3 | 58.3 | 79.7 | - | 34.3 | 75.5 | 84.0 | - | 77.6 | 68.0 | 54.9 | - | 95.9 | 116.6 | 38.1 | - | 44.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DPO |
106.4 | 62.3 | 54.2 | 61.2 | 78.0 | 55.3 | 123.0 | 62.5 | 49.1 | 60.6 | - | 24.1 | 50.4 | 46.4 | - | 41.5 | 39.7 | 34.9 | - | 67.0 | 81.5 | 30.3 | - | 39.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | 143.3 | 144.6 | 162.5 | 224.4 | 188.7 | 378.6 | 194.4 | 140.7 | 180.9 | - | 74.9 | 167.8 | 179.2 | - | 154.9 | 131.6 | 99.5 | - | 173.6 | 210.8 | 60.5 | - | 67.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | 81.0 | 90.4 | 101.3 | 146.4 | 133.3 | 255.5 | 131.9 | 91.5 | 120.3 | - | 50.8 | 117.4 | 132.8 | - | 113.5 | 91.9 | 64.7 | - | 106.6 | 129.4 | 30.1 | - | 27.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Array Technologies, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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