ARRY vs TE vs TOYO Stock Comparison

Array Technologies, T1 Energy and Toyo Prices as of Oct 26, 2026 Peers: Industry group
TE T1 Energy Inc.
$2.11 -44.3% 1M -39.2% 1Y
Market cap
$684.92M
P/E
–
Revenue (TTM)
$996.85M
Div. yield
–
Solar Equipment Industrials
4 wins
TOYO TOYO Co., Ltd
$3.84 -14.1% 1M -46.2% 1Y
Market cap
$114.98M
P/E
2.3x
Revenue (TTM)
$400.07M
Div. yield
–
Solar Equipment Industrials
4 wins

Head to Head

10 decided of 12

T1 Energy leads on 4 of the 12 questions below (T1 Energy 4, Toyo 4, Array Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARRYTETOYOLeader
Larger companyMarket capitalisation $522.38M $684.92M $114.98M TE
Cheaper on earningsLower P/E, profitable companies only -3.5x -1.7x 2.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 4.0x — 1.9x TOYO
Faster revenue growthRevenue growth, trailing twelve months +1.2% +427.0% — TE
More profitableNet margin, trailing twelve months -12.5% -39.8% 12.3% TOYO
Better return on capitalReturn on invested capital -13.4% -32.2% 26.6% TOYO
Less leveragedLower net debt / EBITDA -302.9x -4.0x — ARRY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -64.8% -39.2% -46.2% TE
Better 5-year returnAnnualised price return, 5 years -29.7%/yr -27.6%/yr — TE
Less volatileAnnualised volatility, 1 year 78.8% 120.1% 96.6% ARRY
Higher overall scoreMean of the five percentile scores vs peers 55/100 44/100 84/100 TOYO

Percentile Scorecard

ARRYTETOYO

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

AxisARRYTETOYO
Valuation 97 #3 of 61 45 #34 of 61 100 #1 of 61
Growth 28 #42 of 58 75 #15 of 58 –
Profitability 67 #19 of 55 50 #28 of 55 94 #4 of 55
Financial Health 30 #50 of 71 14 #61 of 71 59 #30 of 71
Shareholder Returns – 36 #19 of 29 –
Overall 55 44 84
  • ARRY ranked among 71 companies in Clean Energy Equipment
  • TE ranked among 71 companies in Clean Energy Equipment
  • TOYO 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

PeriodARRYTETOYOSPY
1 month -21.8%-44.3%-14.1% -0.8%
3 months -42.8%-56.9%-20.3% +3.5%
6 months -60.5%-60.3%-66.0% +7.0%
Year to date -65.8%-68.4%-34.5% +12.2%
1 year -64.8%-39.2%-46.2% +13.0%
3 years -81.5%-34.3%-64.4% +86.3%
3 years, per year -43.1%-13.1%-29.2% +23.1%
5 years -82.8%-80.2%— +68.6%
5 years, per year -29.7%-27.6%— +11.0%

Risk

MeasureARRYTETOYOSPY
Volatility, 1Y 78.8%120.1%96.6% 12.7%
Downside volatility, 1Y 88.4%110.7%110.5% 12.7%
Beta vs S&P 500, 1Y 3.103.801.44 1.00
Return / volatility, 1Y -0.82-0.33-0.48 1.02
Max drawdown, 5Y -88.4%-94.1%-86.3% -25.4%
From 52-week high -73.7%-82.5%-77.4% -1.8%
52-week high $11.96$12.04$16.99 $779.14
52-week low $3.15$2.11$3.84 $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.

MultipleARRYTETOYO
P/E now vs peer median -3.3xmedian 25.4x -1.5xmedian 25.4x 2.4xmedian 25.4x
P/S now vs peer median 0.4xmedian 2.1x 0.6xmedian 2.1x 0.4xmedian 2.1x
EV/EBITDA now vs peer median -722.2xmedian 17.5x -9.1xmedian 17.5x —median 17.5x
P/FCF now vs peer median 3.6xmedian 27.3x -3.2xmedian 27.3x 5.5xmedian 27.3x
P/B now vs peer median -2.4xmedian 1.7x 2.9xmedian 1.7x 0.7xmedian 1.7x
PEG now vs peer median 0.06median 0.77 —median 0.77 —median 0.77

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 monthsARRYTETOYO
Revenue $1.19B $996.85M $400.07M
Gross profit $287.61M $83.22M $107.81M
Operating income -$60.78M -$227.03M $68.50M
Net income -$85.90M -$383.64M $48.32M
Free cash flow $134.73M -$184.81M $26.58M
EPS (diluted) $-0.95 $-1.42 $1.62
Cash & equivalents $307.30M $79.11M $103.47M
Total debt $657.75M $549.95M $132.75M
Shares (diluted) 155.69M 280.13M 30.33M
Enterprise value -$451.53M $342.84M -$148.98M

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
MetricARRYTETOYO
P/E -3.3x -1.5x 2.4x
P/FCF 3.6x -3.2x 5.5x
P/Operating cash flow 3.0x 153.1x 1.4x
P/S 0.4x 0.6x 0.4x
P/B -2.4x 2.9x 0.7x
P/Tangible book -1.2x 13.5x 0.7x
EV/EBITDA -722.2x -9.1x –
EV/EBIT -13.7x -4.7x 1.0x
EV/Revenue 0.7x 1.1x 0.2x
EV/FCF 6.2x -5.8x 2.5x
EV/Operating cash flow 5.1x 274.9x 0.7x
PEG (3Y EPS CAGR) 0.06 – –

Growth

14 metrics
MetricARRYTETOYO
Revenue growth (1Y) 1.2% 427.0% –
Revenue CAGR (3Y) -13.0% – –
Gross profit growth (1Y) -12.9% 60.7% –
Gross profit CAGR (3Y) -10.2% – –
Operating income growth (1Y) 69.8% -111.6% –
Operating income CAGR (3Y) -32.8% – –
Net income growth (1Y) 58.8% 13.4% –
Net income CAGR (3Y) -38.6% – –
EPS growth (1Y) 45.3% 50.3% –
EPS CAGR (3Y) -55.9% – –
Operating cash flow growth (1Y) 22.2% 105.5% –
Operating cash flow CAGR (3Y) -15.4% – –
Free cash flow growth (1Y) 22.2% -28.6% –
Free cash flow CAGR (3Y) -18.9% – –

Profitability

14 metrics
MetricARRYTETOYO
Gross margin 24.3% 8.3% 26.9%
EBITDA margin -0.1% -11.7% –
Operating margin -5.1% -22.8% 17.1%
Pretax margin -6.2% -33.0% 15.3%
Net margin -12.5% -39.8% 12.3%
FCF margin 11.4% -18.5% 6.6%
Operating cash flow margin 13.7% 0.4% 25.4%
Return on equity – -175.0% 27.6%
Return on assets -5.7% -25.8% 9.5%
Return on invested capital -13.4% -32.2% 26.6%
Return on capital employed -5.5% -24.9% 25.8%
Asset turnover 0.8x 0.7x 0.8x
Cash conversion (OCF / net income) -1.9x 0.0x 2.1x
Stock comp / revenue 1.5% 1.5% –

Financial Health

11 metrics
MetricARRYTETOYO
Debt / assets 42.9% 33.5% 4.8%
Debt / equity -3.3x 2.7x 0.1x
Net debt / EBITDA -302.9x -4.0x –
Debt / FCF 4.9x -3.0x 1.0x
Liabilities / assets 113.2% 87.7% 61.0%
Equity / assets -13.2% 12.3% 39.0%
Interest coverage -2.8x – 30.0x
Current ratio 2.2x 1.3x 1.1x
Quick ratio 1.8x 0.3x 0.5x
Cash ratio 0.8x 0.1x 0.4x
Altman Z-score 0.83 -0.46 1.85

Shareholder Returns

7 metrics
MetricARRYTETOYO
Dividend yield – – –
Net buyback yield – -1.2% –
Shareholder yield – -1.2% –
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.

ConsensusARRYTETOYO
Forward P/E 4.0xFY2026 – 1.9xFY2026
EPS, next fiscal year $0.79FY2026 $-0.44FY2026 $2.02FY2026
EPS growth, next FY +17.9%FY2026 – +106.1%FY2026
EPS growth, the year after +7.6% – +73.8%
Revenue, next fiscal year $1.41BFY2026 $1.02BFY2026 $585.65MFY2026
Revenue growth, next FY +9.8%FY2026 +35.5%FY2026 +37.0%FY2026
Revenue growth, the year after +18.4% +24.4% +71.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARRYTETOYO
Held by institutions 100.0% 75.1% 16.1%
Institutions holding 259 314 48
Change in shares held, QoQ +7.3% +17.3% +1,004.6%
Institutions buying 134 201 44
Institutions selling 80 83 4
Buyers to sellers 1.68 2.42 11.00

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.

ARRYTETOYO
ARRY 1.00 0.32 0.19
TE 0.32 1.00 0.31
TOYO 0.19 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARRY, TE and TOYO?

T1 Energy (TE) is the largest by market capitalisation: Array Technologies (ARRY) $522.38M, T1 Energy (TE) $684.92M, Toyo (TOYO) $114.98M.

Which company is growing faster?

T1 Energy (TE) grew revenue fastest over the trailing twelve months: Array Technologies (ARRY) +1.2%, T1 Energy (TE) +427.0%.

Which company is more profitable?

Toyo (TOYO) has the highest net margin (Array Technologies (ARRY) -12.5%, T1 Energy (TE) -39.8%, Toyo (TOYO) 12.3%). On return on invested capital, Toyo (TOYO) leads (Array Technologies (ARRY) -13.4%, T1 Energy (TE) -32.2%, Toyo (TOYO) 26.6%).

Which stock has performed better?

Over the past year T1 Energy (TE) returned the most: Array Technologies (ARRY) -64.8%, T1 Energy (TE) -39.2%, Toyo (TOYO) -46.2%. Over five years, T1 Energy (TE) compounded fastest (Array Technologies (ARRY) -29.7%/yr, T1 Energy (TE) -27.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Array Technologies (ARRY) has been the steadiest (Array Technologies (ARRY) 78.8%, T1 Energy (TE) 120.1%, Toyo (TOYO) 96.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARRY, TE and TOYO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, T1 Energy (TE) 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.