Array Digital Infrastructure (AD) FCF Margin (2009 - 2026)
Array Digital Infrastructure's FCF Margin came in at -91.13% for Q2 2026, down 1217.58 percentage points from 1126.45% a year earlier and down 111.62 percentage points from the prior quarter.
Array Digital Infrastructure (AD) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Array Digital Infrastructure reported FCF Margin of -158.34%, down 1174.85 percentage points year-over-year; for FY2025, it was 106.55%, down 732.83 percentage points from FY2024.
- FCF Margin carries a five-year change of +100.41 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 839.38% in FY2024 (+17.02 pp), 822.36% in FY2023 (+816.85 pp), 5.52% in FY2022 (+3.62 pp) and 1.89% in FY2021 (-4.25 pp).
- The five-year range for quarterly FCF Margin is -349.19% (Q4 2025) to 1950.78% (Q3 2024).
- Year-over-year, FCF Margin has declined for four consecutive quarters, with an average year-over-year change of -157.48 percentage points over the last seven quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2024 (a gain of 1927.31 percentage points), and the weakest in Q3 2025 (a drop of 2139.29 percentage points).
- Business Quant data shows AD's FCF Margin at 20.49% (Q1 2026), -349.19% (Q4 2025) and -188.51% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 42.41% |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 7.72% |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 46.83% |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 48.20% |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 34.00% |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 17.45% |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | -91.13% |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 41.79% |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 5.77% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -91.13% |
| Mar 31, 2026 | 20.49% |
| Dec 31, 2025 | -349.19% |
| Sep 30, 2025 | -188.51% |
| Jun 30, 2025 | 1,126.45% |
| Mar 31, 2025 | 562.41% |
| Dec 31, 2024 | 444.22% |
| Sep 30, 2024 | 1,950.78% |
| Jun 30, 2024 | 18.99% |
| Mar 31, 2024 | 7.37% |
| Sep 30, 2023 | 23.47% |
| Jun 30, 2023 | 20.27% |
| Mar 31, 2023 | -15.72% |
| Dec 31, 2022 | -1.24% |
| Sep 30, 2022 | -4.34% |
| Jun 30, 2022 | 12.56% |
| Mar 31, 2022 | 15.94% |
| Dec 31, 2021 | -12.44% |
| Sep 30, 2021 | 12.70% |
| Jun 30, 2021 | 8.97% |
Array Digital Infrastructure FCF Margin 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=fcf-margin&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();