What is Array Technologies, Inc.'s earnings per share (EPS)?

Array Technologies, Inc. (ARRY) reported diluted earnings per share of $-0.73 for fiscal year 2025. This represents a 62.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Array Technologies, Inc. Financials

ARRY

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Array Technologies, Inc. (ARRY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ARRY FY2025 2026-05-06

Array's recent reset shows a margin-sensitive model where cash generation depends more on working capital than on reported profit.

FY2025 revenue rebounded 40.2% from FY2024, but gross profit stayed near $299M. That leaves gross profit well below FY2023's $415.6M, suggesting a lower-value sales mix or thinner project economics rather than a full earnings recovery. Because inventory fell to $150.4M and free cash flow stayed positive at $79.8M, the cash story looks healthier than the margin story.

The balance sheet shows a liquidity/solvency split: a 2.3x current ratio and $244.4M of cash support day-to-day operations. At the same time, liabilities exceeded assets by $206.3M in FY2025, so the company is still operating with a leveraged capital structure rather than accumulated equity.

With capital spending of only $22.0M against operating cash flow of $101.8M, most cash earnings survived to free cash flow, which points to a low capital-intensity model. That matters because earnings quality is mixed: FY2025 still showed a net loss, yet cash remained positive, so non-cash charges and working-capital movements are shaping reported profit more than cash outflow.

Financial Health Signals

Financial Profile 45/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Array Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Array Technologies, Inc. has an operating margin of -2.3%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is up from -24.8% the prior year.

Growth

Array Technologies, Inc.'s revenue surged 40.2% year-over-year to $1.3B, reflecting rapid business expansion. This strong growth earns a score of 17/100.

Leverage

Array Technologies, Inc. has a moderate D/E ratio of -3.19. This balance of debt and equity financing earns a leverage score of 50/100.

Liquidity

Array Technologies, Inc.'s current ratio of 2.31 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Array Technologies, Inc. has a free cash flow margin of 6.2%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

5/9

Array Technologies, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-1.95x

For every $1 of reported earnings, Array Technologies, Inc. generates $-1.95 in operating cash flow ($101.8M OCF vs -$52.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.1x

Array Technologies, Inc. earns $-1.1 in operating income for every $1 of interest expense (-$29.0M vs $27.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.3B

YoY+40.2%

5Y CAGR+8.0%

Array Technologies, Inc. generated $1.3B in revenue in fiscal year 2025. This represents an increase of 40.2% from the prior year.

EBITDA

-$2.8M

YoY+98.5%

Array Technologies, Inc.'s EBITDA was -$2.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 98.5% from the prior year.

Net Income

-$52.2M

YoY+78.3%

Array Technologies, Inc. reported -$52.2M in net income in fiscal year 2025. This represents an increase of 78.3% from the prior year.

EPS (Diluted)

$-0.73

YoY+62.6%

Array Technologies, Inc. earned $-0.73 per diluted share (EPS) in fiscal year 2025. This represents an increase of 62.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$79.8M

YoY-45.6%

Array Technologies, Inc. generated $79.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 45.6% from the prior year.

Cash & Debt

$244.4M

YoY-32.7%

5Y CAGR+17.6%

Array Technologies, Inc. held $244.4M in cash against $658.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

23.3%

YoY-9.3pp

5Y CAGR+0.0pp

Array Technologies, Inc.'s gross margin was 23.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 9.3 percentage points from the prior year.

Operating Margin

-2.3%

YoY+22.5pp

5Y CAGR-13.2pp

Array Technologies, Inc.'s operating margin was -2.3% in fiscal year 2025, reflecting core business profitability. This is up 22.5 percentage points from the prior year.

Net Margin

-4.1%

YoY+22.2pp

5Y CAGR-10.8pp

Array Technologies, Inc.'s net profit margin was -4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22.2 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$9.9M

YoY+47.8%

Array Technologies, Inc. invested $9.9M in research and development in fiscal year 2025. This represents an increase of 47.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$22.0M

YoY+200.8%

5Y CAGR+75.0%

Array Technologies, Inc. invested $22.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 200.8% from the prior year.

ARRY Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.3B+40.2%	$915.8M-41.9%	$1.6B-3.7%	$1.6B+91.9%	$853.3M-2.2%	$872.7M
Cost of Revenue	$985.6M+59.4%	$618.1M-46.8%	$1.2B-18.5%	$1.4B+81.5%	$785.0M+17.2%	$669.9M
Gross Profit	$298.6M+0.3%	$297.7M-28.4%	$415.6M+95.4%	$212.7M+211.4%	$68.3M-66.3%	$202.8M
R&D Expenses	$9.9M+47.8%	$6.7M-21.2%	$8.5M+102.4%	$4.2M	N/A	N/A
SG&A Expenses	$198.6M+23.7%	$160.6M+0.6%	$159.5M+5.8%	$150.8M+86.2%	$81.0M+45.5%	$55.6M
Operating Income	-$29.0M+87.2%	-$227.0M-206.0%	$214.1M+1280.9%	-$18.1M+26.7%	-$24.7M-126.0%	$95.2M
Interest Expense	$27.3M-21.5%	$34.8M-21.3%	$44.2M+20.5%	$36.7M+2.8%	$35.7M+135.9%	$15.1M
Income Tax	$23.0M+326.1%	-$10.2M-125.5%	$39.9M+525.4%	-$9.4M+12.4%	-$10.7M-157.3%	$18.7M
Net Income	-$52.2M+78.3%	-$240.4M-275.2%	$137.2M+2996.6%	$4.4M+108.8%	-$50.4M-185.3%	$59.1M
EPS (Diluted)	$-0.73+62.6%	$-1.95-448.2%	$0.56+293.1%	$-0.29+43.1%	$-0.51-204.1%	$0.49

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$223.4M-1.2%	$226.0M-42.6%	$393.5M+8.6%	$362.2M+19.8%	$302.4M+9.9%	$275.2M+18.9%	$231.4M-9.5%	$255.8M
Cost of Revenue	$160.4M-22.4%	$206.7M-28.2%	$287.8M+8.6%	$265.1M+17.3%	$225.9M+14.7%	$196.9M+28.6%	$153.1M-9.8%	$169.8M
Gross Profit	$63.0M+225.9%	$19.3M-81.7%	$105.7M+8.8%	$97.1M+27.1%	$76.4M-2.4%	$78.3M0.0%	$78.3M-8.9%	$86.0M
R&D Expenses	$3.0M+11.1%	$2.7M+17.4%	$2.3M-8.0%	$2.5M+4.2%	$2.4M+71.4%	$1.4M-12.5%	$1.6M-11.1%	$1.8M
SG&A Expenses	$50.4M-12.3%	$57.5M+10.0%	$52.2M+16.2%	$45.0M+2.3%	$43.9M-3.8%	$45.7M+13.7%	$40.1M+8.6%	$37.0M
Operating Income	$7.1M+104.8%	-$148.1M-425.9%	$45.5M-2.0%	$46.4M+70.0%	$27.3M+119.2%	-$142.3M-7.3%	-$132.7M-435.0%	$39.6M
Interest Expense	$5.6M+1.5%	$5.5M+8.6%	$5.0M-42.4%	$8.8M+9.1%	$8.0M-10.8%	$9.0M+9.0%	$8.3M-4.1%	$8.6M
Income Tax	$2.1M+130.1%	-$7.1M-171.2%	$9.9M-27.0%	$13.6M+108.4%	$6.5M+128.2%	-$23.1M-701.2%	$3.9M-50.7%	$7.8M
Net Income	$2.0M+101.4%	-$145.7M-535.0%	$33.5M-22.6%	$43.3M+158.3%	$16.7M+113.2%	-$126.9M+10.2%	-$141.4M-650.1%	$25.7M
EPS (Diluted)	$-0.09	N/A	$0.12-36.8%	$0.19+850.0%	$0.02	N/A	$-1.02-1375.0%	$0.08

ARRY Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.5B+1.8%	$1.4B-16.4%	$1.7B0.0%	$1.7B+49.3%	$1.1B+74.2%	$656.0M
Current Assets	$869.0M-13.0%	$998.7M+20.0%	$832.3M+0.1%	$831.2M-2.4%	$852.0M+127.1%	$375.2M
Cash & Equivalents	$244.4M-32.7%	$363.0M+45.7%	$249.1M+86.0%	$133.9M-63.6%	$367.7M+239.1%	$108.4M
Inventory	$150.4M-25.1%	$200.8M+24.0%	$162.0M-30.5%	$233.2M+13.4%	$205.7M+73.6%	$118.5M
Accounts Receivable	$271.6M-1.5%	$275.8M-17.0%	$332.2M-21.1%	$421.2M+78.5%	$236.0M+98.8%	$118.7M
Goodwill	$135.2M-15.6%	$160.2M-63.2%	$435.6M+4.7%	$416.2M+496.9%	$69.7M0.0%	$69.7M
Total Liabilities	$1.7B+7.4%	$1.5B+6.7%	$1.4B+12.9%	$1.3B+5.8%	$1.2B+64.5%	$736.9M
Current Liabilities	$377.0M-13.9%	$437.8M+30.4%	$335.7M-27.8%	$465.3M+89.7%	$245.3M-15.1%	$289.1M
Long-Term Debt	$658.7M+1.9%	$646.6M-2.2%	$660.9M-8.2%	$720.4M+1.3%	$711.1M+67.7%	$424.0M
Total Equity	-$206.3M-74.7%	-$118.1M-145.6%	$259.2M+108.6%	$124.3M+279.6%	-$69.2M+14.5%	-$80.9M
Retained Earnings	-$422.9M-14.1%	-$370.6M-184.6%	-$130.2M+51.3%	-$267.5M+1.6%	-$271.9M-22.8%	-$221.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.5B+1.6%	$1.5B-9.9%	$1.6B+4.5%	$1.5B+8.2%	$1.4B0.0%	$1.4B-8.8%	$1.6B-5.4%	$1.7B
Current Assets	$879.4M+1.2%	$869.0M+0.3%	$866.5M-16.6%	$1.0B+6.4%	$976.3M-2.2%	$998.7M+10.7%	$902.3M+6.3%	$848.9M
Cash & Equivalents	$200.7M-17.9%	$244.4M+10.3%	$221.5M-41.3%	$377.3M+8.3%	$348.3M-4.0%	$363.0M+9.2%	$332.4M+17.7%	$282.3M
Inventory	$168.0M+11.7%	$150.4M-16.9%	$180.9M+1.6%	$178.0M-4.8%	$186.9M-6.9%	$200.8M+2.6%	$195.7M+18.1%	$165.6M
Accounts Receivable	$292.3M+7.6%	$271.6M-28.3%	$378.6M+3.1%	$367.2M+29.9%	$282.6M+2.4%	$275.8M-2.2%	$282.1M-8.9%	$309.7M
Goodwill	$135.2M0.0%	$135.2M-44.9%	$245.2M+42.1%	$172.6M+5.1%	$164.2M+2.5%	$160.2M-36.1%	$250.9M-37.7%	$402.5M
Total Liabilities	$1.7B+1.9%	$1.7B0.0%	$1.7B+2.8%	$1.6B+5.9%	$1.5B-1.3%	$1.5B+3.0%	$1.5B+3.2%	$1.5B
Current Liabilities	$390.4M+3.6%	$377.0M-17.8%	$458.5M-2.1%	$468.3M+14.6%	$408.5M-6.7%	$437.8M+16.8%	$374.9M+11.1%	$337.6M
Long-Term Debt	$657.0M-0.3%	$658.7M0.0%	$658.4M+0.1%	$657.6M+2.0%	$644.5M-0.3%	$646.6M-0.3%	$648.3M-0.5%	$651.5M
Total Equity	-$214.4M-3.9%	-$206.3M-341.7%	-$46.7M+34.1%	-$70.9M+27.5%	-$97.8M+17.2%	-$118.1M-283.1%	$64.5M-67.8%	$200.0M
Retained Earnings	-$420.9M+0.5%	-$422.9M-52.6%	-$277.1M+10.8%	-$310.6M+12.2%	-$353.9M+4.5%	-$370.6M-52.1%	-$243.7M-138.1%	-$102.4M

ARRY Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$101.8M-33.9%	$154.0M-33.6%	$232.0M+63.9%	$141.5M+153.8%	-$263.2M-115.4%	-$122.2M
Capital Expenditures	$22.0M+200.8%	$7.3M-57.0%	$17.0M+60.0%	$10.6M+216.3%	$3.4M+150.9%	$1.3M
Free Cash Flow	$79.8M-45.6%	$146.7M-31.8%	$215.0M+64.3%	$130.9M+149.1%	-$266.5M-115.7%	-$123.5M
Investing Cash Flow	-$187.9M-1862.9%	-$9.6M+43.1%	-$16.8M+95.6%	-$384.4M-2407.4%	-$15.3M-1045.9%	-$1.3M
Financing Cash Flow	-$38.1M-221.3%	-$11.8M+88.4%	-$101.8M-1305.7%	$8.4M-98.4%	$537.7M+516.0%	-$129.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$29.4M-167.4%	$43.6M+59.5%	$27.4M-37.6%	$43.8M+435.7%	-$13.1M-122.7%	$57.6M+28.2%	$44.9M+1035.6%	$4.0M
Capital Expenditures	$7.5M+0.5%	$7.5M+35.6%	$5.5M-16.9%	$6.6M+181.9%	$2.4M+38.3%	$1.7M+57.9%	$1.1M-49.5%	$2.1M
Free Cash Flow	-$36.9M-202.1%	$36.2M+65.5%	$21.9M-41.3%	$37.2M+341.5%	-$15.4M-127.6%	$55.9M+27.4%	$43.9M+2301.9%	$1.8M
Investing Cash Flow	-$7.5M+11.4%	-$8.5M+95.0%	-$170.4M-2470.2%	-$6.6M-181.9%	-$2.4M+85.3%	-$16.0M-246.7%	$10.9M+618.4%	-$2.1M
Financing Cash Flow	-$7.6M+39.3%	-$12.5M+1.6%	-$12.7M-15.3%	-$11.1M-540.6%	-$1.7M-534.5%	$397K+104.9%	-$8.1M-1978.7%	$431K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ARRY Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	23.3%-9.3pp	32.5%+6.1pp	26.4%+13.4pp	13.0%+5.0pp	8.0%-15.2pp	23.2%
Operating Margin	-2.3%+22.5pp	-24.8%-38.4pp	13.6%+14.7pp	-1.1%+1.8pp	-2.9%-13.8pp	10.9%
Net Margin	-4.1%+22.2pp	-26.3%-35.0pp	8.7%+8.4pp	0.3%+6.2pp	-5.9%-12.7pp	6.8%
Return on Equity	N/A	N/A	52.9%+49.4pp	3.6%	N/A	N/A
Return on Assets	-3.6%+13.3pp	-16.9%-24.9pp	8.0%+7.8pp	0.3%+4.7pp	-4.4%-13.4pp	9.0%
Current Ratio	2.31+0.0	2.28-0.2	2.48+0.7	1.79-1.7	3.47+2.2	1.30
Debt-to-Equity	-3.19+2.3	-5.47-8.0	2.55-3.2	5.80+16.1	-10.27-5.0	-5.24
FCF Margin	6.2%-9.8pp	16.0%+2.4pp	13.6%+5.6pp	8.0%+39.2pp	-31.2%-17.1pp	-14.2%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	28.2%+19.6pp	8.6%-18.3pp	26.9%+0.0pp	26.8%+1.5pp	25.3%-3.2pp	28.5%-5.4pp	33.8%+0.2pp	33.6%
Operating Margin	3.2%+68.7pp	-65.5%-77.1pp	11.6%-1.2pp	12.8%+3.8pp	9.0%+60.7pp	-51.7%+5.6pp	-57.3%-72.8pp	15.5%
Net Margin	0.9%+65.4pp	-64.5%-73.0pp	8.5%-3.4pp	11.9%+6.4pp	5.5%+51.6pp	-46.1%+15.0pp	-61.1%-71.1pp	10.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-219.2%-232.1pp	12.8%
Return on Assets	0.1%+10.2pp	-10.0%-12.1pp	2.1%-0.7pp	2.8%+1.6pp	1.2%+10.1pp	-8.9%+0.1pp	-9.0%-10.6pp	1.6%
Current Ratio	2.25-0.1	2.31+0.4	1.89-0.3	2.22-0.2	2.39+0.1	2.28-0.1	2.41-0.1	2.51
Debt-to-Equity	-3.06+0.1	-3.19+10.9	-14.09-4.8	-9.28-2.7	-6.59-1.1	-5.47-15.5	10.05+6.8	3.26
FCF Margin	-16.5%-32.5pp	16.0%+10.5pp	5.5%-4.7pp	10.3%+15.4pp	-5.1%-25.4pp	20.3%+1.4pp	18.9%+18.2pp	0.7%

Note: Shareholder equity is negative (-$206.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Array Technologies, Inc.'s annual revenue?

Array Technologies, Inc. (ARRY) reported $1.3B in total revenue for fiscal year 2025. This represents a 40.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Array Technologies, Inc.'s revenue growing?

Array Technologies, Inc. (ARRY) revenue grew by 40.2% year-over-year, from $915.8M to $1.3B in fiscal year 2025.

Is Array Technologies, Inc. profitable?

No, Array Technologies, Inc. (ARRY) reported a net income of -$52.2M in fiscal year 2025, with a net profit margin of -4.1%.

What is Array Technologies, Inc.'s EBITDA?

Array Technologies, Inc. (ARRY) had EBITDA of -$2.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Array Technologies, Inc. have?

As of fiscal year 2025, Array Technologies, Inc. (ARRY) had $244.4M in cash and equivalents against $658.7M in long-term debt.

What is Array Technologies, Inc.'s gross margin?

Array Technologies, Inc. (ARRY) had a gross margin of 23.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Array Technologies, Inc.'s operating margin?

Array Technologies, Inc. (ARRY) had an operating margin of -2.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Array Technologies, Inc.'s net profit margin?

Array Technologies, Inc. (ARRY) had a net profit margin of -4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Array Technologies, Inc.'s free cash flow?

Array Technologies, Inc. (ARRY) generated $79.8M in free cash flow during fiscal year 2025. This represents a -45.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Array Technologies, Inc.'s operating cash flow?

Array Technologies, Inc. (ARRY) generated $101.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Array Technologies, Inc.'s total assets?

Array Technologies, Inc. (ARRY) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Array Technologies, Inc.'s capital expenditures?

Array Technologies, Inc. (ARRY) invested $22.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Array Technologies, Inc. spend on research and development?

Array Technologies, Inc. (ARRY) invested $9.9M in research and development during fiscal year 2025.

What is Array Technologies, Inc.'s current ratio?

Array Technologies, Inc. (ARRY) had a current ratio of 2.31 as of fiscal year 2025, which is generally considered healthy.

What is Array Technologies, Inc.'s debt-to-equity ratio?

Array Technologies, Inc. (ARRY) had a debt-to-equity ratio of -3.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Array Technologies, Inc.'s return on assets (ROA)?

Array Technologies, Inc. (ARRY) had a return on assets of -3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Array Technologies, Inc.'s debt-to-equity ratio negative or unusual?

Array Technologies, Inc. (ARRY) has negative shareholder equity of -$206.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Array Technologies, Inc.'s Piotroski F-Score?

Array Technologies, Inc. (ARRY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Array Technologies, Inc.'s earnings high quality?

Array Technologies, Inc. (ARRY) has an earnings quality ratio of -1.95x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Array Technologies, Inc. cover its interest payments?

Array Technologies, Inc. (ARRY) has an interest coverage ratio of -1.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Array Technologies, Inc.?

Array Technologies, Inc. (ARRY) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.