JKS vs WNDW vs ARRY Stock Comparison

JinkoSolar Holding, SolarWindow Technologies and Array Technologies Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

8 decided of 12

SolarWindow Technologies leads on 3 of the 12 questions below (SolarWindow Technologies 3, JinkoSolar Holding 3, Array Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJKSWNDWARRYLeader
Larger companyMarket capitalisation $414.22M $94.06M $519.30M ARRY
Cheaper on earningsLower P/E, profitable companies only 15.6x -39.8x -3.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 4.3x –
Faster revenue growthRevenue growth, trailing twelve months -22.1% +61.8% +1.2% WNDW
More profitableNet margin, trailing twelve months 0.3% -1,517.3% -12.5% JKS
Better return on capitalReturn on invested capital -5.9% — -13.4% JKS
Less leveragedLower net debt / EBITDA — — -302.9x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -63.2% +177.8% -62.7% WNDW
Better 5-year returnAnnualised price return, 5 years -32.5%/yr -25.2%/yr -29.1%/yr WNDW
Less volatileAnnualised volatility, 1 year 60.6% 173.7% 79.0% JKS
Higher overall scoreMean of the five percentile scores vs peers 49/100 46/100 56/100 ARRY

Percentile Scorecard

JKSWNDWARRY

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

AxisJKSWNDWARRY
Valuation 98 #2 of 61 42 #36 of 61 97 #3 of 61
Growth 18 #48 of 58 40 #35 of 58 28 #42 of 58
Profitability 59 #23 of 55 7 #51 of 55 67 #19 of 55
Financial Health 21 #56 of 71 96 #4 of 71 33 #48 of 71
Shareholder Returns – – –
Overall 49 46 56
  • JKS ranked among 71 companies in Clean Energy Equipment
  • WNDW ranked among 71 companies in Clean Energy Equipment
  • ARRY 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

PeriodJKSWNDWARRYSPY
1 month -13.7%-23.1%-15.9% -0.2%
3 months -44.1%+476.9%-33.5% +3.9%
6 months -62.6%+341.2%-57.3% +8.2%
Year to date -67.6%+257.1%-63.2% +12.9%
1 year -63.2%+177.8%-62.7% +12.3%
3 years -67.7%+105.5%-80.1% +87.4%
3 years, per year -31.4%+27.2%-41.7% +23.3%
5 years -86.0%-76.6%-82.0% +67.9%
5 years, per year -32.5%-25.2%-29.1% +10.9%
10 years -48.5%-58.8%— +261.1%
10 years, per year -6.4%-8.5%— +13.7%

Risk

MeasureJKSWNDWARRYSPY
Volatility, 1Y 60.6%173.7%79.0% 12.7%
Downside volatility, 1Y 61.2%150.5%88.4% 12.7%
Beta vs S&P 500, 1Y 1.731.333.12 1.00
Return / volatility, 1Y -1.041.02-0.79 0.97
Max drawdown, 5Y -89.4%-99.7%-88.4% -25.4%
From 52-week high -72.7%-26.8%-71.7% -1.2%
52-week high $30.58$2.05$11.96 $779.14
52-week low $8.02$0.25$3.15 $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.

MultipleJKSWNDWARRY
P/E now vs peer median 16.4xmedian 27.2x -41.8xmedian 27.2x -3.5xmedian 27.2x
P/S now vs peer median 0.1xmedian 2.4x 633.8xmedian 2.4x 0.4xmedian 2.4x
EV/EBITDA now vs peer median —median 18.4x -37.8xmedian 18.4x -754.1xmedian 18.4x
P/FCF now vs peer median —median 28.6x -44.2xmedian 28.6x 3.9xmedian 28.6x
P/B now vs peer median 0.1xmedian 1.7x 21.5xmedian 1.7x -2.6xmedian 1.7x
PEG now vs peer median -0.26median 0.79 -5.55median 0.79 0.06median 0.79

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 monthsJKSWNDWARRY
Revenue $8.37B $155.68K $1.19B
Gross profit $397.19M – $287.61M
Operating income -$28.57M -$2.50M -$60.78M
Net income -$936.28M -$2.39M -$85.90M
Free cash flow – -$2.23M $134.73M
R&D $137.15M $637.23K –
EPS (diluted) $0.51 $-0.04 $-0.95
Cash & equivalents $2.50B $4.79M $307.30M
Total debt $22.30B – $657.75M
Shares (diluted) 52.10M 65.78M 155.69M
Enterprise value -$12.14B $89.27M -$454.61M

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
MetricJKSWNDWARRY
P/E 16.4x -41.8x -3.5x
P/FCF – -44.2x 3.9x
P/Operating cash flow – -44.2x 3.2x
P/S 0.1x 633.8x 0.4x
P/B 0.1x 21.5x -2.6x
P/Tangible book 0.1x 21.5x -1.3x
EV/EBITDA – -37.8x -754.1x
EV/EBIT -6.1x -37.5x -14.4x
EV/Revenue 0.4x 603.0x 0.7x
EV/FCF – -42.0x 6.5x
EV/Operating cash flow – -42.0x 5.4x
PEG (3Y EPS CAGR) -0.26 -5.55 0.06

Growth

14 metrics
MetricJKSWNDWARRY
Revenue growth (1Y) -22.1% 61.8% 1.2%
Revenue CAGR (3Y) -17.3% 9.4% -13.0%
Gross profit growth (1Y) -41.3% – -12.9%
Gross profit CAGR (3Y) -44.3% – -10.2%
Operating income growth (1Y) 96.7% -0.2% 69.8%
Operating income CAGR (3Y) -27.2% -1.4% -32.8%
Net income growth (1Y) 1.3% -0.6% 58.8%
Net income CAGR (3Y) -46.7% 40.0% -38.6%
EPS growth (1Y) 104.6% 20.3% 45.3%
EPS CAGR (3Y) -62.8% 7.5% -55.9%
Operating cash flow growth (1Y) – -40.0% 22.2%
Operating cash flow CAGR (3Y) – 1.6% -15.4%
Free cash flow growth (1Y) – -40.0% 22.2%
Free cash flow CAGR (3Y) – -2.1% -18.9%

Profitability

14 metrics
MetricJKSWNDWARRY
Gross margin 4.7% – 24.3%
EBITDA margin – -1,597% -0.1%
Operating margin -0.3% -1,607% -5.1%
Pretax margin -0.5% -1,607% -6.2%
Net margin 0.3% -1,517% -12.5%
FCF margin – -1,435% 11.4%
Operating cash flow margin – -1,435% 13.7%
Return on equity -24.5% -48.4% –
Return on assets -5.3% -45.7% -5.7%
Return on invested capital -5.9% – -13.4%
Return on capital employed -5.9% -50.8% -5.5%
Asset turnover 0.5x 0.0x 0.8x
Cash conversion (OCF / net income) – 0.9x -1.9x
Stock comp / revenue – – 1.5%

Financial Health

11 metrics
MetricJKSWNDWARRY
Debt / assets 31.2% – 42.9%
Debt / equity 1.5x – -3.3x
Net debt / EBITDA – – -302.9x
Debt / FCF – – 4.9x
Liabilities / assets 78.7% 6.3% 113.2%
Equity / assets 21.3% 93.7% -13.2%
Interest coverage -4.8x – -2.8x
Current ratio 1.1x 15.8x 2.2x
Quick ratio 0.5x 15.6x 1.8x
Cash ratio 0.3x 15.6x 0.8x
Altman Z-score – 169.00 0.84

Shareholder Returns

7 metrics
MetricJKSWNDWARRY
Dividend yield 18.0% – –
Net buyback yield – – –
Shareholder yield 18.0% – –
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.

ConsensusJKSWNDWARRY
Forward P/E – – 4.3xFY2026
EPS, next fiscal year $-5.57FY2026 – $0.79FY2026
EPS growth, next FY – – +17.9%FY2026
EPS growth, the year after – – +7.6%
Revenue, next fiscal year $9.09BFY2026 – $1.41BFY2026
Revenue growth, next FY -2.9%FY2026 – +9.8%FY2026
Revenue growth, the year after +29.7% – +18.4%

Institutional Ownership

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

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.

JKSWNDWARRY
JKS 1.00 -0.14 0.40
WNDW -0.14 1.00 -0.03
ARRY 0.40 -0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JKS, WNDW and ARRY?

Array Technologies (ARRY) is the largest by market capitalisation: JinkoSolar Holding (JKS) $414.22M, SolarWindow Technologies (WNDW) $94.06M, Array Technologies (ARRY) $519.30M.

Which company is growing faster?

SolarWindow Technologies (WNDW) grew revenue fastest over the trailing twelve months: JinkoSolar Holding (JKS) -22.1%, SolarWindow Technologies (WNDW) +61.8%, Array Technologies (ARRY) +1.2%.

Which company is more profitable?

JinkoSolar Holding (JKS) has the highest net margin (JinkoSolar Holding (JKS) 0.3%, SolarWindow Technologies (WNDW) -1,517.3%, Array Technologies (ARRY) -12.5%). On return on invested capital, JinkoSolar Holding (JKS) leads (JinkoSolar Holding (JKS) -5.9%, Array Technologies (ARRY) -13.4%).

Which stock has performed better?

Over the past year SolarWindow Technologies (WNDW) returned the most: JinkoSolar Holding (JKS) -63.2%, SolarWindow Technologies (WNDW) +177.8%, Array Technologies (ARRY) -62.7%. Over five years, SolarWindow Technologies (WNDW) compounded fastest (JinkoSolar Holding (JKS) -32.5%/yr, SolarWindow Technologies (WNDW) -25.2%/yr, Array Technologies (ARRY) -29.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, JinkoSolar Holding (JKS) has been the steadiest (JinkoSolar Holding (JKS) 60.6%, SolarWindow Technologies (WNDW) 173.7%, Array Technologies (ARRY) 79.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JKS, WNDW and ARRY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, SolarWindow Technologies (WNDW) leads on 3. 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.