Array Technologies (ARRY) Asset Utilization Ratio (2020 - 2026)

Array Technologies' (ARRY) quarterly Asset Utilization Ratio came in at 0.82 in Q1 2026, up 10.29% year-on-year from 0.75 in Q1 2025, and down 1.78% quarter-over-quarter from 0.84 in Q4 2025.

Array Technologies (ARRY) Asset Utilization Ratio (2020 - 2026) Analysis & Trends

Array Technologies' Asset Utilization Ratio history runs 7 years deep, the most recent figure standing at 0.82 for Q1 2026.

  • On a quarterly basis, Asset Utilization Ratio rose 10.29% year-over-year to 0.82 in Q1 2026; TTM through Mar 2026 was 0.82, a 10.29% increase from a year earlier, with the FY2025 full-year figure at 0.89, up 52.64% from the prior year.
  • Asset Utilization Ratio declined to 0.82 in Q1 2026 per ARRY's latest filing, from 0.84 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 1.95 in Q1 2023 and bottomed at 0.61 in Q3 2024.
  • The 5-year median for Asset Utilization Ratio is 0.82 (2022), against an average of 0.91.
  • Across the five-year window, Asset Utilization Ratio jumped 214.86% in 2023 and slumped 64.5% in 2024, its largest moves.
  • Year by year, Asset Utilization Ratio stood at 0.95 in 2022, then dropped by 4.97% to 0.9 in 2023, then slumped by 32.26% to 0.61 in 2024, then soared by 36.84% to 0.84 in 2025, then decreased by 1.78% to 0.82 in 2026.
  • Per Business Quant, the three latest ARRY Asset Utilization Ratio figures stand at 0.82 (Q1 2026), 0.84 (Q4 2025), and 0.85 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 0.41
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 0.90
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 0.45
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 0.51
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 0.52
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 0.14
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 0.55
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 0.74
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.82
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.82
Dec 31, 2025 0.84
Sep 30, 2025 0.85
Jun 30, 2025 0.79
Mar 31, 2025 0.75
Dec 31, 2024 0.61
Sep 30, 2024 0.61
Jun 30, 2024 0.67
Mar 31, 2024 0.81
Dec 31, 2023 0.90
Sep 30, 2023 0.90
Jun 30, 2023 1.89
Mar 31, 2023 1.95
Dec 31, 2022 0.95
Sep 30, 2022 0.82
Jun 30, 2022 0.63
Mar 31, 2022 0.62
Dec 31, 2021 0.89
Sep 30, 2021 1.17
Jun 30, 2021 1.27