ARRY vs SEDG vs JKS Stock Comparison

Array Technologies, Solaredge Technologies and JinkoSolar Holding Prices as of Oct 28, 2026 Peers: Industry group

Head to Head

8 decided of 12

Solaredge Technologies leads on 4 of the 12 questions below (Solaredge Technologies 4, 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.

QuestionARRYSEDGJKSLeader
Larger companyMarket capitalisation $548.27M $1.81B $432.47M SEDG
Cheaper on earningsLower P/E, profitable companies only -3.7x -6.8x 16.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 4.5x — — –
Faster revenue growthRevenue growth, trailing twelve months +1.2% +27.4% -22.1% SEDG
More profitableNet margin, trailing twelve months -12.5% -20.4% 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 — — 18.16% –
Better 1-year returnPrice return, last 12 months -59.5% -22.1% -63.3% SEDG
Better 5-year returnAnnualised price return, 5 years -30.1%/yr -39.2%/yr -32.7%/yr ARRY
Less volatileAnnualised volatility, 1 year 79.1% 98.5% 60.6% JKS
Higher overall scoreMean of the five percentile scores vs peers 56/100 57/100 50/100 SEDG

Percentile Scorecard

ARRYSEDGJKS

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

AxisARRYSEDGJKS
Valuation 95 #4 of 61 72 #18 of 61 98 #2 of 61
Growth 28 #42 of 58 65 #21 of 58 19 #47 of 58
Profitability 67 #19 of 55 57 #24 of 55 59 #23 of 55
Financial Health 34 #47 of 71 31 #49 of 71 24 #54 of 71
Shareholder Returns – 61 #12 of 29 –
Overall 56 57 50
  • ARRY ranked among 71 companies in Clean Energy Equipment
  • SEDG ranked among 71 companies in Clean Energy Equipment
  • JKS ranked among 71 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodARRYSEDGJKSSPY
1 month -7.0%-6.5%-10.2% +0.9%
3 months -26.0%-24.5%-43.4% +5.9%
6 months -52.4%-29.1%-61.6% +8.5%
Year to date -61.4%+2.2%-68.0% +13.3%
1 year -59.5%-22.1%-63.3% +12.4%
3 years -79.1%-61.7%-68.1% +88.1%
3 years, per year -40.7%-27.4%-31.7% +23.5%
5 years -83.3%-91.7%-86.2% +68.2%
5 years, per year -30.1%-39.2%-32.7% +11.0%
10 years —+121.8%-47.7% +263.4%
10 years, per year —+8.3%-6.3% +13.8%

Risk

MeasureARRYSEDGJKSSPY
Volatility, 1Y 79.1%98.5%60.6% 12.7%
Downside volatility, 1Y 88.6%97.2%61.2% 12.7%
Beta vs S&P 500, 1Y 3.132.511.73 1.00
Return / volatility, 1Y -0.75-0.22-1.04 0.98
Max drawdown, 5Y -88.4%-97.2%-89.4% -25.4%
From 52-week high -70.2%-62.4%-73.0% -0.9%
52-week high $11.96$78.51$30.58 $779.14
52-week low $3.15$28.47$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.

MultipleARRYSEDGJKS
P/E now vs peer median -3.7xmedian 29.4x -6.8xmedian 29.4x 16.3xmedian 29.4x
P/S now vs peer median 0.5xmedian 2.6x 1.4xmedian 2.6x 0.1xmedian 2.6x
EV/EBITDA now vs peer median -776.8xmedian 18.4x -6.4xmedian 18.4x —median 18.4x
P/FCF now vs peer median 4.1xmedian 24.4x 29.1xmedian 24.4x —median 24.4x
P/B now vs peer median -2.7xmedian 1.8x 4.4xmedian 1.8x 0.1xmedian 1.8x
PEG now vs peer median 0.07median 1.07 0.16median 1.07 -0.26median 1.07

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 monthsARRYSEDGJKS
Revenue $1.19B $1.29B $8.37B
Gross profit $287.61M $267.71M $397.19M
Operating income -$60.78M -$221.73M -$28.57M
Net income -$85.90M -$270.30M -$936.28M
Free cash flow $134.73M $62.37M –
R&D – $210.44M $137.15M
EPS (diluted) $-0.95 $-4.31 $0.51
Cash & equivalents $307.30M $527.26M $2.50B
Total debt $657.75M – $22.30B
Shares (diluted) 155.69M 61.05M 52.10M
Enterprise value -$425.64M -$266.34M -$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
MetricARRYSEDGJKS
P/E -3.7x -6.8x 16.3x
P/FCF 4.1x 29.1x –
P/Operating cash flow 3.4x 15.9x –
P/S 0.5x 1.4x 0.1x
P/B -2.7x 4.4x 0.1x
P/Tangible book -1.3x 4.5x 0.1x
EV/EBITDA -776.8x -6.4x –
EV/EBIT -14.8x -5.7x -6.1x
EV/Revenue 0.8x 1.0x 0.4x
EV/FCF 6.7x 20.3x –
EV/Operating cash flow 5.5x 11.1x –
PEG (3Y EPS CAGR) 0.07 0.16 -0.26

Growth

14 metrics
MetricARRYSEDGJKS
Revenue growth (1Y) 1.2% 27.4% -22.1%
Revenue CAGR (3Y) -13.0% -28.4% -17.3%
Gross profit growth (1Y) -12.9% 138.8% -41.3%
Gross profit CAGR (3Y) -10.2% -36.0% -44.3%
Operating income growth (1Y) 69.8% 85.1% 96.7%
Operating income CAGR (3Y) -32.8% -36.3% -27.2%
Net income growth (1Y) 58.8% 84.5% 1.3%
Net income CAGR (3Y) -38.6% -34.2% -46.7%
EPS growth (1Y) 45.3% 85.7% 104.6%
EPS CAGR (3Y) -55.9% -41.6% -62.8%
Operating cash flow growth (1Y) 22.2% 547.3% –
Operating cash flow CAGR (3Y) -15.4% 46.8% –
Free cash flow growth (1Y) 22.2% 161.0% –
Free cash flow CAGR (3Y) -18.9% 34.6% –

Profitability

14 metrics
MetricARRYSEDGJKS
Gross margin 24.3% 20.8% 4.7%
EBITDA margin -0.1% -15.4% –
Operating margin -5.1% -17.2% -0.3%
Pretax margin -6.2% -19.5% -0.5%
Net margin -12.5% -20.4% 0.3%
FCF margin 11.4% 4.8% –
Operating cash flow margin 13.7% 8.9% –
Return on equity – -63.7% -24.5%
Return on assets -5.7% -11.5% -5.3%
Return on invested capital -13.4% – -5.9%
Return on capital employed -5.5% -16.3% -5.9%
Asset turnover 0.8x 0.6x 0.5x
Cash conversion (OCF / net income) -1.9x -0.4x –
Stock comp / revenue 1.5% 6.3% –

Financial Health

11 metrics
MetricARRYSEDGJKS
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% 82.1% 78.7%
Equity / assets -13.2% 17.9% 21.3%
Interest coverage -2.8x -12.5x -4.8x
Current ratio 2.2x 2.0x 1.1x
Quick ratio 1.8x 0.9x 0.5x
Cash ratio 0.8x 0.6x 0.3x
Altman Z-score 0.85 0.39 –

Shareholder Returns

7 metrics
MetricARRYSEDGJKS
Dividend yield – – 18.2%
Net buyback yield – -0.2% –
Shareholder yield – -0.2% 18.2%
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.

ConsensusARRYSEDGJKS
Forward P/E 4.5xFY2026 – –
EPS, next fiscal year $0.79FY2026 $-0.37FY2026 $-5.57FY2026
EPS growth, next FY +17.9%FY2026 – –
EPS growth, the year after +7.6% – –
Revenue, next fiscal year $1.41BFY2026 $1.38BFY2026 $9.09BFY2026
Revenue growth, next FY +9.8%FY2026 +16.8%FY2026 -2.9%FY2026
Revenue growth, the year after +18.4% +6.0% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARRYSEDGJKS
Held by institutions 100.0% 95.3% 32.8%
Institutions holding 259 344 111
Change in shares held, QoQ +7.3% -4.6% +8.7%
Institutions buying 134 179 61
Institutions selling 80 110 30
Buyers to sellers 1.68 1.63 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.

ARRYSEDGJKS
ARRY 1.00 0.45 0.39
SEDG 0.45 1.00 0.39
JKS 0.39 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARRY, SEDG and JKS?

Solaredge Technologies (SEDG) is the largest by market capitalisation: Array Technologies (ARRY) $548.27M, Solaredge Technologies (SEDG) $1.81B, JinkoSolar Holding (JKS) $432.47M.

Which company is growing faster?

Solaredge Technologies (SEDG) grew revenue fastest over the trailing twelve months: Array Technologies (ARRY) +1.2%, Solaredge Technologies (SEDG) +27.4%, JinkoSolar Holding (JKS) -22.1%.

Which company is more profitable?

JinkoSolar Holding (JKS) has the highest net margin (Array Technologies (ARRY) -12.5%, Solaredge Technologies (SEDG) -20.4%, 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 Solaredge Technologies (SEDG) returned the most: Array Technologies (ARRY) -59.5%, Solaredge Technologies (SEDG) -22.1%, JinkoSolar Holding (JKS) -63.3%. Over five years, Array Technologies (ARRY) compounded fastest (Array Technologies (ARRY) -30.1%/yr, Solaredge Technologies (SEDG) -39.2%/yr, JinkoSolar Holding (JKS) -32.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: JinkoSolar Holding (JKS) 18.16%. Array Technologies (ARRY) and Solaredge Technologies (SEDG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, JinkoSolar Holding (JKS) has been the steadiest (Array Technologies (ARRY) 79.1%, Solaredge Technologies (SEDG) 98.5%, JinkoSolar Holding (JKS) 60.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARRY, SEDG 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, Solaredge Technologies (SEDG) 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.