ARRY vs NXT vs JKS Stock Comparison

Array Technologies, Nextpower and JinkoSolar Holding Prices as of Nov 2, 2026 Peers: Industry group
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NXT Nextpower Inc.
$91.13 +8.1% 1M -10.0% 1Y
Market cap
$13.82B
P/E
23.1x
Revenue (TTM)
$3.63B
Div. yield
–
Solar Equipment Industrials
5 wins

Head to Head

9 decided of 12

Nextpower leads on 5 of the 12 questions below (Nextpower 5, JinkoSolar Holding 3, Array Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARRYNXTJKSLeader
Larger companyMarket capitalisation $585.23M $13.82B $493.73M NXT
Cheaper on earningsLower P/E, profitable companies only -4.0x 23.1x -4.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 4.8x 20.9x — ARRY
Faster revenue growthRevenue growth, trailing twelve months +1.2% +17.0% -14.6% NXT
More profitableNet margin, trailing twelve months -12.5% 16.4% -1.3% NXT
Better return on capitalReturn on invested capital -13.4% — 0.0% JKS
Less leveragedLower net debt / EBITDA -302.9x — — –
Higher dividend yieldTrailing dividend yield — 0.00% 15.91% –
Better 1-year returnPrice return, last 12 months -56.1% -10.0% -62.4% NXT
Better 5-year returnAnnualised price return, 5 years -30.2%/yr — -30.1%/yr JKS
Less volatileAnnualised volatility, 1 year 79.9% 67.3% 60.7% JKS
Higher overall scoreMean of the five percentile scores vs peers 56/100 81/100 51/100 NXT

Percentile Scorecard

ARRYNXTJKS

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

AxisARRYNXTJKS
Valuation 97 #3 of 62 89 #8 of 62 93 #5 of 62
Growth 28 #43 of 59 81 #12 of 59 22 #46 of 59
Profitability 67 #19 of 55 98 #2 of 55 59 #23 of 55
Financial Health 34 #48 of 72 78 #17 of 72 30 #51 of 72
Shareholder Returns – 60 #13 of 31 –
Overall 56 81 51
  • ARRY ranked among 72 companies in Clean Energy Equipment
  • NXT ranked among 72 companies in Clean Energy Equipment
  • JKS ranked among 72 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodARRYNXTJKSSPY
1 month -6.9%+8.1%+2.8% -2.3%
3 months -33.1%+0.5%-40.0% -0.7%
6 months -50.4%-22.1%-61.0% +4.8%
Year to date -58.8%+4.6%-63.5% +10.3%
1 year -56.1%-10.0%-62.4% +10.3%
3 years -79.0%+145.0%-72.6% +73.0%
3 years, per year -40.6%+34.8%-35.1% +20.1%
5 years -83.4%—-83.2% +61.9%
5 years, per year -30.2%—-30.1% +10.1%
10 years ——-38.1% +258.6%
10 years, per year ——-4.7% +13.6%

Risk

MeasureARRYNXTJKSSPY
Volatility, 1Y 79.9%67.3%60.7% 12.8%
Downside volatility, 1Y 88.7%66.5%61.0% 12.8%
Beta vs S&P 500, 1Y 3.052.641.58 1.00
Return / volatility, 1Y -0.70-0.15-1.03 0.80
Max drawdown, 5Y -88.4%-51.1%-89.4% -25.4%
From 52-week high -68.2%-41.7%-69.2% -3.5%
52-week high $11.96$156.40$30.58 $779.14
52-week low $3.15$76.48$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.

MultipleARRYNXTJKS
P/E now vs peer median -4.0xmedian 29.1x 23.1xmedian 29.1x -4.7xmedian 29.1x
P/S now vs peer median 0.5xmedian 2.3x 3.8xmedian 2.3x 0.1xmedian 2.3x
EV/EBITDA now vs peer median -808.7xmedian 18.5x 17.1xmedian 18.5x —median 18.5x
P/FCF now vs peer median 4.3xmedian 28.9x 25.2xmedian 28.9x —median 28.9x
P/B now vs peer median -2.9xmedian 1.8x 5.4xmedian 1.8x 0.1xmedian 1.8x
PEG now vs peer median 0.07median 0.81 0.12median 0.81 0.16median 0.81

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 monthsARRYNXTJKS
Revenue $1.19B $3.63B $8.13B
Gross profit $287.61M $1.21B $480.41M
Operating income -$60.78M $701.94M $156.82M
Net income -$85.90M $594.06M -$1.15B
Free cash flow $134.73M $548.73M –
R&D – $143.86M $135.86M
EPS (diluted) $-0.95 $3.83 $-1.99
Cash & equivalents $307.30M $1.21B $2.32B
Total debt $657.75M – $3.00B
Shares (diluted) 155.69M 155.14M 52.10M
Enterprise value -$388.68M $9.71B -$9.51B

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
MetricARRYNXTJKS
P/E -4.0x 23.1x -4.7x
P/FCF 4.3x 25.2x –
P/Operating cash flow 3.6x 22.9x –
P/S 0.5x 3.8x 0.1x
P/B -2.9x 5.4x 0.1x
P/Tangible book -1.4x 5.6x 0.1x
EV/EBITDA -808.7x 17.1x –
EV/EBIT -15.4x 18.0x -1.5x
EV/Revenue 0.8x 3.5x 0.1x
EV/FCF 6.9x 23.0x –
EV/Operating cash flow 5.7x 20.9x –
PEG (3Y EPS CAGR) 0.07 0.12 0.16

Growth

14 metrics
MetricARRYNXTJKS
Revenue growth (1Y) 1.2% 17.0% -14.6%
Revenue CAGR (3Y) -13.0% 22.4% -20.9%
Gross profit growth (1Y) -12.9% 15.3% 63.8%
Gross profit CAGR (3Y) -10.2% 51.3% -43.8%
Operating income growth (1Y) 69.8% 5.5% 114.8%
Operating income CAGR (3Y) -32.8% 48.9% -44.0%
Net income growth (1Y) 58.8% 8.1% 4.5%
Net income CAGR (3Y) -38.6% 54.6% -46.4%
EPS growth (1Y) 45.3% 6.1% 85.8%
EPS CAGR (3Y) -55.9% 196.5% -29.5%
Operating cash flow growth (1Y) 22.2% -2.2% –
Operating cash flow CAGR (3Y) -15.4% 22.2% –
Free cash flow growth (1Y) 22.2% -4.4% –
Free cash flow CAGR (3Y) -18.9% 18.8% –

Profitability

14 metrics
MetricARRYNXTJKS
Gross margin 24.3% 33.4% 5.9%
EBITDA margin -0.1% 20.3% –
Operating margin -5.1% 19.3% 1.9%
Pretax margin -6.2% 19.9% 1.3%
Net margin -12.5% 16.4% -1.3%
FCF margin 11.4% 15.1% –
Operating cash flow margin 13.7% 16.6% –
Return on equity – 24.3% -30.8%
Return on assets -5.7% 14.3% -6.6%
Return on invested capital -13.4% – 0.0%
Return on capital employed -5.5% 23.1% -8.4%
Asset turnover 0.8x 0.9x 0.5x
Cash conversion (OCF / net income) -1.9x 1.0x –
Stock comp / revenue 1.5% – –

Financial Health

11 metrics
MetricARRYNXTJKS
Debt / assets 42.9% – 17.4%
Debt / equity -3.3x – 0.8x
Net debt / EBITDA -302.9x – –
Debt / FCF 4.9x – –
Liabilities / assets 113.2% 40.0% 78.4%
Equity / assets -13.2% 60.0% 21.6%
Interest coverage -2.8x – -3.6x
Current ratio 2.2x 2.7x 1.1x
Quick ratio 1.8x 2.0x 0.5x
Cash ratio 0.8x 1.1x 0.3x
Altman Z-score 0.86 6.20 –

Shareholder Returns

7 metrics
MetricARRYNXTJKS
Dividend yield – – 15.9%
Net buyback yield – -0.2% –
Shareholder yield – -0.2% 15.9%
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.

ConsensusARRYNXTJKS
Forward P/E 4.8xFY2026 20.9xFY2026 –
EPS, next fiscal year $0.79FY2026 $4.36FY2026 $-5.57FY2026
EPS growth, next FY +17.9%FY2026 -3.1%FY2026 –
EPS growth, the year after +7.6% +37.6% –
Revenue, next fiscal year $1.41BFY2026 $4.11BFY2026 $9.09BFY2026
Revenue growth, next FY +9.8%FY2026 +15.4%FY2026 -2.9%FY2026
Revenue growth, the year after +18.4% +29.5% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARRYNXTJKS
Held by institutions 100.0% 0.0% 32.8%
Institutions holding 259 2 111
Change in shares held, QoQ +7.3% – +8.7%
Institutions buying 134 0 61
Institutions selling 80 1 30
Buyers to sellers 1.68 0.00 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.

ARRYNXTJKS
ARRY 1.00 0.67 0.40
NXT 0.67 1.00 0.45
JKS 0.40 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARRY, NXT and JKS?

Nextpower (NXT) is the largest by market capitalisation: Array Technologies (ARRY) $585.23M, Nextpower (NXT) $13.82B, JinkoSolar Holding (JKS) $493.73M.

Which company is growing faster?

Nextpower (NXT) grew revenue fastest over the trailing twelve months: Array Technologies (ARRY) +1.2%, Nextpower (NXT) +17.0%, JinkoSolar Holding (JKS) -14.6%.

Which company is more profitable?

Nextpower (NXT) has the highest net margin (Array Technologies (ARRY) -12.5%, Nextpower (NXT) 16.4%, JinkoSolar Holding (JKS) -1.3%). On return on invested capital, JinkoSolar Holding (JKS) leads (Array Technologies (ARRY) -13.4%, JinkoSolar Holding (JKS) 0.0%).

Which stock has performed better?

Over the past year Nextpower (NXT) returned the most: Array Technologies (ARRY) -56.1%, Nextpower (NXT) -10.0%, JinkoSolar Holding (JKS) -62.4%. Over five years, JinkoSolar Holding (JKS) compounded fastest (Array Technologies (ARRY) -30.2%/yr, JinkoSolar Holding (JKS) -30.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Nextpower (NXT) 0.00%, JinkoSolar Holding (JKS) 15.91%. Array Technologies (ARRY) and Nextpower (NXT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, JinkoSolar Holding (JKS) has been the steadiest (Array Technologies (ARRY) 79.9%, Nextpower (NXT) 67.3%, JinkoSolar Holding (JKS) 60.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARRY, NXT 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, Nextpower (NXT) leads on 5. 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.