Array Digital Infrastructure (AD) EV to FCF (2010 - 2026)
Array Digital Infrastructure's EV to FCF came in at 114.99 for Q1 2026, compared with 6.04 a year earlier and up 341.2% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) EV to FCF (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Array Digital Infrastructure reported EV to FCF of 89.63; for FY2025, it was 26.06, up 332.7% from FY2024.
- Going back by year, EV to FCF was 6.02 in FY2024 (+46.5%), 4.11 in FY2023 (-37.6%), 6.59 in FY2022 (-80.0%) and 32.96 in FY2021 (+492.1%).
- The Q1 2026 figure represents the highest quarterly EV to FCF since Q4 2017.
- Year-over-year, EV to FCF increased in five of the last six quarters, with growth averaging 93.5%.
- The fastest year-over-year change in EV to FCF over five years came in Q4 2021 (growth of 492.1%), and the weakest in Q4 2022 (a decline of 80.0%).
- Business Quant data shows AD's EV to FCF at 26.06 (Q4 2025), 8.00 (Q3 2025) and 4.70 (Q2 2025) in the three quarters before Q1 2026.
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 | 114.99 |
| Dec 31, 2025 | 26.06 |
| Sep 30, 2025 | 8.00 |
| Jun 30, 2025 | 4.70 |
| Mar 31, 2025 | 6.04 |
| Dec 31, 2024 | 6.02 |
| Sep 30, 2024 | 3.39 |
| Jun 30, 2024 | 4.47 |
| Mar 31, 2024 | 2.79 |
| Dec 31, 2023 | 4.11 |
| Sep 30, 2023 | 13.95 |
| Dec 31, 2022 | 6.59 |
| Sep 30, 2022 | 17.95 |
| Jun 30, 2022 | 7.65 |
| Mar 31, 2022 | 9.34 |
| Dec 31, 2021 | 32.96 |
| Sep 30, 2021 | 12.70 |
| Jun 30, 2021 | 26.68 |
| Mar 31, 2021 | 12.60 |
| Dec 31, 2020 | 5.57 |
API Access
Array Digital Infrastructure EV to FCF 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-fcf&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();