ARRY vs JKS Stock Comparison

Array Technologies and JinkoSolar Holding Prices as of Oct 26, 2026 Peers: Industry group

Head to Head

8 decided of 12

Array Technologies leads on 4 of the 12 questions below (Array Technologies 4, JinkoSolar Holding 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARRYJKSLeader
Larger companyMarket capitalisation $485.12M $427.24M ARRY
Cheaper on earningsLower P/E, profitable companies only -3.3x 16.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 4.0x — –
Faster revenue growthRevenue growth, trailing twelve months +1.2% -22.1% ARRY
More profitableNet margin, trailing twelve months -12.5% 0.3% JKS
Better return on capitalReturn on invested capital -13.4% -5.9% JKS
Less leveragedLower net debt / EBITDA -302.9x — –
Higher dividend yieldTrailing dividend yield — 18.38% –
Better 1-year returnPrice return, last 12 months -64.8% -62.1% JKS
Better 5-year returnAnnualised price return, 5 years -29.7%/yr -32.3%/yr ARRY
Less volatileAnnualised volatility, 1 year 78.8% 60.7% JKS
Higher overall scoreMean of the five percentile scores vs peers 61/100 52/100 ARRY

Percentile Scorecard

ARRYJKS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARRYJKS
Valuation 87 #4 of 24 91 #3 of 24
Growth 33 #15 of 22 19 #18 of 22
Profitability 79 #5 of 20 68 #7 of 20
Financial Health 44 #19 of 33 28 #24 of 33
Shareholder Returns – –
Overall 61 52
  • ARRY ranked among 33 companies in Clean Energy Equipment
  • JKS ranked among 33 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARRYJKSSPY
1 month -21.8%-15.7% -0.8%
3 months -42.8%-46.5% +3.5%
6 months -60.5%-63.4% +7.0%
Year to date -65.8%-68.4% +12.2%
1 year -64.8%-62.1% +13.0%
3 years -81.5%-68.5% +86.3%
3 years, per year -43.1%-32.0% +23.1%
5 years -82.8%-85.7% +68.6%
5 years, per year -29.7%-32.3% +11.0%
10 years —-50.9% +258.0%
10 years, per year —-6.9% +13.6%

Risk

MeasureARRYJKSSPY
Volatility, 1Y 78.8%60.7% 12.7%
Downside volatility, 1Y 88.4%61.2% 12.7%
Beta vs S&P 500, 1Y 3.101.73 1.00
Return / volatility, 1Y -0.82-1.02 1.02
Max drawdown, 5Y -88.4%-89.4% -25.4%
From 52-week high -73.7%-73.3% -1.8%
52-week high $11.96$30.58 $779.14
52-week low $3.15$8.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARRYJKS
P/E now vs peer median -3.3xmedian 21.4x 16.1xmedian 21.4x
P/S now vs peer median 0.4xmedian 3.4x 0.1xmedian 3.4x
EV/EBITDA now vs peer median -722.2xmedian 9.0x —median 9.0x
P/FCF now vs peer median 3.6xmedian 12.0x —median 12.0x
P/B now vs peer median -2.4xmedian 1.3x 0.1xmedian 1.3x
PEG now vs peer median 0.06median 0.53 -0.26median 0.53

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARRYJKS
Revenue $1.19B $8.37B
Gross profit $287.61M $397.19M
Operating income -$60.78M -$28.57M
Net income -$85.90M -$936.28M
Free cash flow $134.73M –
R&D – $137.15M
EPS (diluted) $-0.95 $0.51
Cash & equivalents $307.30M $2.50B
Total debt $657.75M $22.30B
Shares (diluted) 155.69M 52.10M
Enterprise value -$488.78M -$10.55B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARRYJKS
P/E -3.3x 16.1x
P/FCF 3.6x –
P/Operating cash flow 3.0x –
P/S 0.4x 0.1x
P/B -2.4x 0.1x
P/Tangible book -1.2x 0.1x
EV/EBITDA -722.2x –
EV/EBIT -13.7x -6.0x
EV/Revenue 0.7x 0.4x
EV/FCF 6.2x –
EV/Operating cash flow 5.1x –
PEG (3Y EPS CAGR) 0.06 -0.26

Growth

14 metrics
MetricARRYJKS
Revenue growth (1Y) 1.2% -22.1%
Revenue CAGR (3Y) -13.0% -17.3%
Gross profit growth (1Y) -12.9% -41.3%
Gross profit CAGR (3Y) -10.2% -44.3%
Operating income growth (1Y) 69.8% 96.7%
Operating income CAGR (3Y) -32.8% -27.2%
Net income growth (1Y) 58.8% 1.3%
Net income CAGR (3Y) -38.6% -46.7%
EPS growth (1Y) 45.3% 104.6%
EPS CAGR (3Y) -55.9% -62.8%
Operating cash flow growth (1Y) 22.2% –
Operating cash flow CAGR (3Y) -15.4% –
Free cash flow growth (1Y) 22.2% –
Free cash flow CAGR (3Y) -18.9% –

Profitability

14 metrics
MetricARRYJKS
Gross margin 24.3% 4.7%
EBITDA margin -0.1% –
Operating margin -5.1% -0.3%
Pretax margin -6.2% -0.5%
Net margin -12.5% 0.3%
FCF margin 11.4% –
Operating cash flow margin 13.7% –
Return on equity – -24.5%
Return on assets -5.7% -5.3%
Return on invested capital -13.4% -5.9%
Return on capital employed -5.5% -5.9%
Asset turnover 0.8x 0.5x
Cash conversion (OCF / net income) -1.9x –
Stock comp / revenue 1.5% –

Financial Health

11 metrics
MetricARRYJKS
Debt / assets 42.9% 31.2%
Debt / equity -3.3x 1.5x
Net debt / EBITDA -302.9x –
Debt / FCF 4.9x –
Liabilities / assets 113.2% 78.7%
Equity / assets -13.2% 21.3%
Interest coverage -2.8x -4.8x
Current ratio 2.2x 1.1x
Quick ratio 1.8x 0.5x
Cash ratio 0.8x 0.3x
Altman Z-score 0.83 –

Shareholder Returns

7 metrics
MetricARRYJKS
Dividend yield – 18.4%
Net buyback yield – –
Shareholder yield – 18.4%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARRYJKS
Forward P/E 4.0xFY2026 –
EPS, next fiscal year $0.79FY2026 $-5.03FY2026
EPS growth, next FY +17.9%FY2026 –
EPS growth, the year after +7.6% –
Revenue, next fiscal year $1.41BFY2026 $9.12BFY2026
Revenue growth, next FY +9.8%FY2026 -2.6%FY2026
Revenue growth, the year after +18.4% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARRYJKS
Held by institutions 100.0% 32.8%
Institutions holding 259 111
Change in shares held, QoQ +7.3% +8.7%
Institutions buying 134 61
Institutions selling 80 30
Buyers to sellers 1.68 2.03

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARRYJKS
ARRY 1.00 0.39
JKS 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARRY and JKS?

Array Technologies (ARRY) is the largest by market capitalisation: Array Technologies (ARRY) $485.12M, JinkoSolar Holding (JKS) $427.24M.

Which company is growing faster?

Array Technologies (ARRY) grew revenue fastest over the trailing twelve months: Array Technologies (ARRY) +1.2%, JinkoSolar Holding (JKS) -22.1%.

Which company is more profitable?

JinkoSolar Holding (JKS) has the highest net margin (Array Technologies (ARRY) -12.5%, JinkoSolar Holding (JKS) 0.3%). On return on invested capital, JinkoSolar Holding (JKS) leads (Array Technologies (ARRY) -13.4%, JinkoSolar Holding (JKS) -5.9%).

Which stock has performed better?

Over the past year JinkoSolar Holding (JKS) returned the most: Array Technologies (ARRY) -64.8%, JinkoSolar Holding (JKS) -62.1%. Over five years, Array Technologies (ARRY) compounded fastest (Array Technologies (ARRY) -29.7%/yr, JinkoSolar Holding (JKS) -32.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: JinkoSolar Holding (JKS) 18.38%. Array Technologies (ARRY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, JinkoSolar Holding (JKS) has been the steadiest (Array Technologies (ARRY) 78.8%, JinkoSolar Holding (JKS) 60.7%). Volatility measures how widely the price swings, not the risk of the business.

Do ARRY and JKS move together?

Their daily returns over the past year have a correlation of 0.39, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, ARRY and JKS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Array Technologies (ARRY) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.