Array Digital Infrastructure (AD) EV to CFO (2010 - 2026)
Array Digital Infrastructure's EV to CFO was 56.65 in Q1 2026, up 731.8% from 6.81 a year earlier and up 151.4% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) EV to CFO (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Array Digital Infrastructure's EV to CFO was 44.15 through Mar 31, 2026, up 626.0% year-over-year; for FY2025, it was 22.53, up 282.1% from FY2024.
- EV to CFO has now increased for three consecutive years.
- In earlier years, EV to CFO was 5.90 in FY2024 (+50.5%), 3.92 in FY2023 (+115.2%), 1.82 in FY2022 (-43.2%) and 3.21 in FY2021 (+187.3%).
- The Q1 2026 figure marks the highest quarterly EV to CFO in data going back to Q2 2010.
- Compared with a year earlier, EV to CFO has increased for eight straight quarters, with growth averaging 180.0% over the last eight quarters.
- The best year-over-year quarter for EV to CFO over five years was Q1 2026 (growth of 731.8%); the worst was Q4 2022 (a decline of 43.2%).
- Per Business Quant data, AD's EV to CFO in the three quarters before Q1 2026 was 22.53 (Q4 2025), 7.64 (Q3 2025) and 6.03 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 56.65 |
| Dec 31, 2025 | 22.53 |
| Sep 30, 2025 | 7.64 |
| Jun 30, 2025 | 6.03 |
| Mar 31, 2025 | 6.81 |
| Dec 31, 2024 | 5.90 |
| Sep 30, 2024 | 4.89 |
| Jun 30, 2024 | 4.65 |
| Mar 31, 2024 | 2.85 |
| Dec 31, 2023 | 3.92 |
| Sep 30, 2023 | 3.91 |
| Jun 30, 2023 | 2.06 |
| Mar 31, 2023 | 2.89 |
| Dec 31, 2022 | 1.82 |
| Sep 30, 2022 | 2.51 |
| Jun 30, 2022 | 2.15 |
| Mar 31, 2022 | 2.34 |
| Dec 31, 2021 | 3.21 |
| Sep 30, 2021 | 2.65 |
| Jun 30, 2021 | 3.20 |
API Access
Array Digital Infrastructure EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "AD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();