Array Technologies (ARRY) Financials: Revenue & Earnings
ARRY$3.50+0.11 +3.24%
$538.39M
Market Cap
-3.48
P/E
4.71
Forward P/E
59
Score
Array Technologies (ARRY) Financials: Revenue & Earnings
ARRY price $3.50 +0.11 +3.24%
- Ticker
- ARRY
- Price
- $3.50
- Change
- +0.11 +3.24%
- Market cap ?
- $538.39M
- P/E ?
- -3.48
- Forward P/E ?
- 4.71
- Dividend yield ?
- 0.00%
- Beta ?
- 1.81
- Sector
- Energy
- Industry
- Solar
- Stocklytics score
- 59
- Value
- 60
- Quality
- 56
- Growth
- 61
Stocklytics score rationale: value 60, quality 56, growth 61.
Financials
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 290783000 | 647899000 | 872662000 | 853318000 | 1637546000 | 1576551000 | 915807000 | 1284141000 |
Array Technologies, Inc. (ARRY) develops, manufactures, and provides solar tracking solutions and complementary products for customers both within the United States and internationally. A key offering is the DuraTrack HZ v3, a system designed for single-axis solar panel tracking. Additionally, the company offers SmarTrack, an intelligent software powered by machine learning that continuously determines the optimal…
Fair value
ARRY fair value $16.56. Price $3.50. Price is 79% below fair value.
Below fair value, and cheaper than usual. A larger discount than on more than 99% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 147.15M. Growth 16.35%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 1.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 153.83M. Net debt 521.80M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-05 | — | 0.10 | — | 323.43M |
| 2026-08-05 | 0.24 | 0.12 | 342.06M | 312.97M |
| 2026-05-06 | 0.06 | -0.06 | 223.41M | 201.66M |
| 2026-02-25 | -0.01 | -0.01 | 226.04M | 211.48M |
| 2025-11-05 | 0.30 | 0.21 | 393.49M | 211.13M |
| 2025-08-07 | 0.25 | 0.21 | 362.24M | 268.75M |
| 2025-05-06 | 0.13 | 0.09 | 302.36M | 282.05M |
| 2025-02-27 | 0.16 | 0.19 | 275.23M | 269.36M |
| 2024-11-07 | 0.17 | 0.14 | 231.41M | 273.87M |
| 2024-08-08 | 0.20 | 0.11 | 255.77M | 231.61M |
| 2024-05-09 | 0.06 | 0.02 | 153.40M | 140.11M |
| 2024-02-27 | 0.21 | 0.11 | 341.62M | 314.86M |
| 2023-11-07 | 0.21 | 0.11 | 350.44M | 317.96M |
| 2023-08-08 | 0.47 | 0.19 | 507.73M | 448.69M |
| 2023-05-09 | 0.25 | 0.03 | 376.77M | 322.38M |
| 2023-03-21 | 0.10 | 0.09 | 402.07M | 366.99M |
| 2022-11-08 | 0.18 | 0.12 | 515.02M | 371.14M |
| 2022-08-09 | 0.09 | 0.03 | 419.87M | 335.74M |
| 2022-05-10 | -0.02 | -0.07 | 300.59M | 263.55M |
| 2022-04-05 | -0.06 | -0.03 | 212.52M | 213.82M |
| 2021-11-11 | -0.07 | -0.05 | 188.69M | 190.15M |
| 2021-08-11 | 0.07 | 0.05 | 196.52M | 202.80M |
| 2021-05-11 | 0.19 | 0.19 | 248.24M | 258.23M |
| 2021-03-09 | 0.08 | 0.05 | 180.57M | — |
| 2020-11-05 | 0.07 | — | 139.46M | — |
| 2020-10-16 | 0.02 | — | 114.92M | — |
| 2020-03-31 | 0.58 | — | 437.72M | — |
| 2019-12-31 | 0.22 | — | 224.71M | — |
| 2019-09-30 | 0.14 | — | 197.77M | — |
| 2019-06-30 | -0.02 | — | 112.71M | — |
| 2019-03-31 | -0.02 | — | 112.71M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-24 | Hostetler Kevin G. | Buy | 213.07K | — | — |
| 2026-09-24 | Hostetler Kevin G. | Sell | 89.17K | $3.93 | 350.44K |
| 2026-09-24 | Hostetler Kevin G. | Sell | 213.07K | — | — |
| 2026-09-24 | Zhu James | Buy | 23.39K | — | — |
| 2026-09-24 | Zhu James | Sell | 6.28K | $3.93 | 24.68K |
| 2026-09-24 | Zhu James | Sell | 23.39K | — | — |
| 2026-09-24 | Collins Terrance L | Buy | 32.74K | — | — |
| 2026-09-24 | Collins Terrance L | Sell | 8.96K | $3.93 | 35.19K |
| 2026-09-24 | Collins Terrance L | Sell | 32.74K | — | — |
| 2026-09-24 | Manning Neil | Buy | 38.98K | — | — |
| 2026-09-24 | Manning Neil | Sell | 10.47K | $3.93 | 41.13K |
| 2026-09-24 | Manning Neil | Sell | 38.98K | — | — |
| 2026-05-19 | Schmid Gerrard | Buy | 22.16K | — | — |
| 2026-05-19 | Schmid Gerrard | Buy | 22.64K | — | — |
| 2026-05-19 | Schmid Gerrard | Sell | 22.16K | — | — |
| 2026-05-19 | Jokinen Tracy C | Buy | 22.16K | — | — |
| 2026-05-19 | Jokinen Tracy C | Buy | 22.64K | — | — |
| 2026-05-19 | Jokinen Tracy C | Sell | 22.16K | — | — |
| 2026-05-19 | Iyengar Jayanthi | Buy | 22.16K | — | — |
| 2026-05-19 | Iyengar Jayanthi | Buy | 22.64K | — | — |
| 2026-05-19 | Iyengar Jayanthi | Sell | 22.16K | — | — |
| 2026-05-19 | Forth John Bradford | Buy | 22.16K | — | — |
| 2026-05-19 | Forth John Bradford | Buy | 22.64K | — | — |
| 2026-05-19 | Forth John Bradford | Sell | 22.16K | — | — |
| 2026-05-19 | Cohen Emily Rachel | Buy | 22.64K | — | — |
| 2026-05-19 | ASHFORD ORLANDO D | Buy | 22.16K | — | — |
| 2026-05-19 | ASHFORD ORLANDO D | Buy | 22.64K | — | — |
| 2026-05-19 | ASHFORD ORLANDO D | Sell | 22.16K | — | — |
| 2026-05-19 | Alstead Troy | Buy | 22.16K | — | — |
| 2026-05-19 | Alstead Troy | Buy | 22.64K | — | — |
| 2026-05-19 | Alstead Troy | Sell | 22.16K | — | — |
| 2026-05-19 | Murff Carolyne | Buy | 22.64K | — | — |
| 2026-03-19 | Murff Carolyne | Other | 0 | — | — |
| 2026-03-19 | Cohen Emily Rachel | Other | 0 | — | — |
| 2026-03-18 | Zhu James | Sell | 12.23K | — | — |
| 2026-03-18 | Zhu James | Buy | 12.23K | — | — |
| 2026-03-18 | Zhu James | Sell | 3.29K | $6.86 | 22.54K |
| 2026-03-18 | Gunning Gina K | Sell | 21.89K | — | — |
| 2026-03-18 | Gunning Gina K | Buy | 21.89K | — | — |
| 2026-03-18 | Gunning Gina K | Sell | 5.88K | $6.86 | 40.32K |
| 2026-03-18 | Collins Terrance L | Buy | 20.39K | — | — |
| 2026-03-18 | Collins Terrance L | Sell | 5.58K | $6.86 | 38.26K |
| 2026-03-18 | Collins Terrance L | Sell | 20.39K | — | — |
| 2026-03-18 | Manning Neil | Buy | 20.39K | — | — |
| 2026-03-18 | Manning Neil | Sell | 5.47K | $6.86 | 37.56K |
| 2026-03-18 | Manning Neil | Sell | 20.39K | — | — |
| 2026-03-18 | Jennings H. Keith | Sell | 40.78K | — | — |
| 2026-03-18 | Jennings H. Keith | Buy | 40.78K | — | — |
| 2026-03-18 | Jennings H. Keith | Sell | 11.61K | $6.86 | 79.67K |
| 2026-03-18 | Hostetler Kevin G. | Buy | 125.07K | — | — |
| 2026-03-18 | Hostetler Kevin G. | Sell | 52.34K | $6.86 | 359.06K |
| 2026-03-18 | Hostetler Kevin G. | Sell | 125.07K | — | — |
| 2026-03-17 | Collins Terrance L | Buy | 6.15K | — | — |
| 2026-03-17 | Collins Terrance L | Sell | 1.68K | $6.99 | 11.76K |
| 2026-03-17 | Collins Terrance L | Sell | 6.15K | — | — |
| 2026-03-17 | Manning Neil | Buy | 4.88K | — | — |
| 2026-03-17 | Manning Neil | Sell | 1.31K | $6.99 | 9.16K |
| 2026-03-17 | Manning Neil | Sell | 4.88K | — | — |
| 2026-03-17 | Hostetler Kevin G. | Buy | 35.15K | — | — |
| 2026-03-17 | Hostetler Kevin G. | Sell | 14.71K | $6.99 | 102.83K |
| 2026-03-17 | Hostetler Kevin G. | Sell | 35.15K | — | — |
| 2026-03-12 | Zhu James | Buy | 24.78K | — | — |
| 2026-03-12 | Zhu James | Buy | 6.16K | — | — |
| 2026-03-12 | Zhu James | Sell | 1.98K | $6.80 | 13.48K |
| 2026-03-12 | Zhu James | Sell | 6.16K | — | — |
| 2026-03-12 | Gunning Gina K | Buy | 44.33K | — | — |
| 2026-03-12 | Manning Neil | Buy | 41.30K | — | — |
| 2026-03-12 | Manning Neil | Buy | 8.22K | — | — |
| 2026-03-12 | Manning Neil | Sell | 2.61K | $6.80 | 17.75K |
| 2026-03-12 | Manning Neil | Sell | 8.22K | — | — |
| 2026-03-12 | Jennings H. Keith | Buy | 82.60K | — | — |
| 2026-03-12 | Hostetler Kevin G. | Buy | 253.30K | — | — |
| 2026-03-12 | Hostetler Kevin G. | Buy | 56.15K | — | — |
| 2026-03-12 | Hostetler Kevin G. | Sell | 15.19K | $6.80 | 103.32K |
| 2026-03-12 | Hostetler Kevin G. | Sell | 56.15K | — | — |
| 2026-03-12 | Collins Terrance L | Buy | 8.63K | — | — |
| 2026-03-12 | Collins Terrance L | Sell | 2.82K | $6.80 | 19.16K |
| 2026-03-12 | Collins Terrance L | Buy | 41.30K | — | — |
| 2026-03-12 | Collins Terrance L | Sell | 8.63K | — | — |
| 2026-02-15 | Manning Neil | Buy | 3.75K | — | — |
| 2026-02-15 | Manning Neil | Sell | 1.21K | $11.29 | 13.62K |
| 2026-02-15 | Manning Neil | Sell | 3.75K | — | — |
| 2026-01-30 | Gunning Gina K | Sell | 13.39K | — | — |
| 2026-01-30 | Gunning Gina K | Buy | 13.39K | — | — |
| 2026-01-30 | Gunning Gina K | Sell | 4.73K | $11.32 | 53.56K |
| 2025-12-31 | Collins Terrance L | Buy | 1.16K | $5.64 | 6.52K |
| 2025-12-31 | Collins Terrance L | Other | 0 | — | — |
| 2025-12-31 | Manning Neil | Buy | 823 | $5.64 | 4.64K |
| 2025-12-31 | Manning Neil | Other | 0 | — | — |
| 2025-12-31 | Hostetler Kevin G. | Buy | 1.23K | $5.64 | 6.92K |
| 2025-12-31 | Hostetler Kevin G. | Other | 0 | — | — |
| 2025-08-01 | Collins Terrance L | Buy | 5.08K | — | — |
| 2025-08-01 | Collins Terrance L | Sell | 1.39K | $6.06 | 8.42K |
| 2025-08-01 | Collins Terrance L | Sell | 5.08K | — | — |
| 2025-06-30 | Manning Neil | Buy | 914 | $5.02 | 4.59K |
| 2025-06-30 | Hostetler Kevin G. | Buy | 2.50K | $5.02 | 12.55K |
| 2025-05-21 | Jokinen Tracy C | Buy | 15.30K | — | — |
| 2025-05-21 | Iyengar Jayanthi | Buy | 15.30K | — | — |
| 2025-05-21 | Schmid Gerrard | Buy | 15.30K | — | — |
| 2025-05-21 | ASHFORD ORLANDO D | Buy | 15.30K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 290, holders +10 vs prior quarter. Ownership 131.92%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 29.25M | 66.06K | +0.23% | 216.77M |
| UBS GROUP AG | 25.98M | 18.18M | +232.97% | 192.49M |
| HILL CITY CAPITAL, LP | 12.89M | 0 | 0.00% | 95.52M |
| GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC | 11.89M | 939.03K | +8.57% | 88.11M |
| UBS GROUP AG | 11.47M | 3.67M | +47.06% | 85.01M |
| FIRST TRUST ADVISORS LP | 10.34M | 10.01M | +2982.45% | 76.63M |
| BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. | 9.57M | -32.85K | -0.34% | 70.93M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 8.64M | 7.90M | +1063.02% | 64.04M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 7.99M | -102.71K | -1.27% | 59.24M |
| INVESCO LTD. | 7.44M | 16.53K | +0.22% | 55.16M |
| VANGUARD CAPITAL MANAGEMENT LLC | 6.81M | 127.99K | +1.92% | 50.43M |
| MORGAN STANLEY | 6.71M | -286.11K | -4.09% | 49.70M |
| STATE STREET CORP | 5.55M | 736.56K | +15.29% | 41.15M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 4.34M | -1.43M | -24.82% | 32.19M |
| GEODE CAPITAL MANAGEMENT, LLC | 4.24M | 270.68K | +6.82% | 31.43M |
| AMUNDI | 4.23M | 374.53K | +9.71% | 31.39M |
| ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC | 3.48M | 1.15M | +49.10% | 24.94M |
| LEGAL & GENERAL GROUP PLC | 3.07M | 934.79K | +43.71% | 22.77M |
| PICTET ASSET MANAGEMENT HOLDING SA | 2.55M | 79.89K | +3.23% | 18.89M |
| AMERIPRISE FINANCIAL INC | 2.43M | 2.43M | New | 17.99M |
| HANDELSBANKEN FONDER AB | 2.41M | -162.91K | -6.34% | 17.85M |
| SWEDBANK AB | 2.35M | 906.10K | +62.67% | 17.43M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.12M | 1.68M | +381.27% | 15.74M |
| GOLDMAN SACHS GROUP INC | 1.95M | -828.82K | -29.86% | 14.43M |
| ABN AMRO BANK N.V. | 1.92M | 166.73K | +9.51% | 14.26M |
Earnings and financials
Array Technologies, Inc. (ARRY) trades at $3.50, with a market cap of $538.39M and a trailing P/E of -3.48. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 290783000 | 647899000 | 872662000 | 853318000 | 1637546000 | 1576551000 | 915807000 | 1284141000 |
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