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| Date | Value |
|---|---|
| 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 |