Array Technologies Inc. | Small-cap | Technology
$6.23
-2.20%
| Array Technologies Stock Comparison:
Array Technologies vs First SolarArray Technologies vs NextrackerArray Technologies vs SunrunArray Technologies vs SolarEdgeArray Technologies vs Shoals TechnologiesArray Technologies vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 915.8M
Gross Profit 297.7M 32.50%
Operating Income 101.0M 11.03%
Net Income -240.4M -26.25%
EPS (Diluted) -$1.95

Balance Sheet Metrics

Total Assets 1.4B
Total Liabilities 1.1B
Shareholders Equity 288.8M
Debt to Equity 3.94

Cash Flow Metrics

Operating Cash Flow -111.1M
Free Cash Flow 135.4M

Revenue & Profitability Trend

Array Technologies Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 915.8M 1.6B 1.6B 853.3M 872.7M
Cost of Goods Sold 618.1M 1.2B 1.4B 785.0M 669.9M
Gross Profit 297.7M 415.6M 212.7M 68.3M 202.8M
Operating Expenses 160.6M 159.5M 150.8M 81.0M 55.6M
Operating Income 101.0M 217.1M -22.6M -22.0M 121.7M
Pre-tax Income -250.6M 177.2M -5.0M -61.1M 77.8M
Income Tax -10.2M 39.9M -9.4M -10.7M 18.7M
Net Income -240.4M 137.2M 4.4M -50.4M 59.1M
EPS (Diluted) -$1.95 $0.56 -$0.29 -$0.51 $0.49

Income Statement Trend

Array Technologies Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 998.7M 832.3M 831.2M 852.0M 375.2M
Non-Current Assets 427.3M 874.5M 874.8M 290.9M 280.8M
Total Assets 1.4B 1.7B 1.7B 1.1B 656.0M
Liabilities
Current Liabilities 437.8M 335.7M 465.3M 245.3M 289.1M
Non-Current Liabilities 699.4M 760.5M 816.9M 729.4M 447.8M
Total Liabilities 1.1B 1.1B 1.3B 974.7M 736.9M
Equity
Total Shareholders Equity 288.8M 610.5M 423.9M 168.3M -80.9M

Balance Sheet Composition

Array Technologies Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income -240.4M 137.2M 4.4M -50.4M 59.1M
Operating Cash Flow -111.1M 221.9M 116.2M -243.4M -143.9M
Investing Activities
Capital Expenditures -18.5M -16.8M -10.6M -3.4M -1.3M
Investing Cash Flow -9.6M -16.8M -384.4M -15.3M -1.3M
Financing Activities
Dividends Paid 0 0 -18.7M -8.1M 0
Financing Cash Flow -11.8M -101.8M -107.6M 411.7M -129.3M
Free Cash Flow 135.4M 215.0M 130.9M -266.5M -123.5M

Cash Flow Trend

Array Technologies Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 61.85
Forward P/E 8.41
Price to Book 3.48
Price to Sales 1.06
PEG Ratio 8.41

Profitability Ratios

Profit Margin -21.21%
Operating Margin 8.97%
Return on Equity -49.11%
Return on Assets 4.93%

Financial Health

Current Ratio 2.39
Debt to Equity 215.17
Beta 1.78

Per Share Data

EPS (TTM) -$1.86
Book Value per Share -$0.64
Revenue per Share $7.01

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
arry 1.1B 61.85 3.48 -49.11% -21.21% 215.17
First Solar 15.6B 12.32 1.90 16.77% 29.72% 7.70
Nextracker 8.4B 16.15 5.01 39.48% 17.21% 2.09
Sunrun 1.6B 21.07 0.62 -80.13% -129.97% 334.12
SolarEdge 948.2M 100.75 1.58 -123.30% -190.67% 127.58
Shoals Technologies 835.9M 45.45 1.50 3.43% 4.91% 25.36

Financial data is updated regularly. All figures are in the company's reporting currency.