Array Technologies (ARRY) Debt to Equity (2019 - 2026)
Array Technologies (ARRY) recorded quarterly Debt to Equity of -$3.11 in Q1 2026, up 4.61% quarter-over-quarter from -$3.26 in Q4 2025, and up 55.18% on a YoY basis from -$2.01 in Q1 2025.
Array Technologies (ARRY) Debt to Equity (2019 - 2026) Analysis & Trends
Array Technologies' Debt to Equity history runs 8 years deep, the most recent figure standing at -$3.11 for Q1 2026.
- In Q1 2026, Debt to Equity rose 55.18% year-over-year to -$3.11; the TTM figure through Mar 2026 stood at -$3.11 (up 55.18% YoY), while the FY2025 annual figure was -$3.26, up 40.52% from the prior year.
- Debt to Equity was -$3.11 for Q1 2026 at Array Technologies, up from -$3.26 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $10.08 in Q3 2024 to a low of -$14.47 in Q3 2025.
- Historically, Debt to Equity has averaged $0.7 across 5 years, with a median of $2.94 in 2024.
- The sharpest annual moves came in 2024 and 2025: Debt to Equity surged 249.92% in 2024, then sank 373.63% in 2025.
- A 5-year view of Debt to Equity shows it stood at $6.11 in 2022, then sank by 56.9% to $2.63 in 2023, then tumbled by 308.37% to -$5.49 in 2024, then jumped by 40.52% to -$3.26 in 2025, then gained by 4.61% to -$3.11 in 2026.
- The last three Debt to Equity figures came in at -$3.11 (Q1 2026), -$3.26 (Q4 2025), and -$14.47 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.04 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.52 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.13 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.30 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -3.11 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | - |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 0.09 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.11 |
| Dec 31, 2025 | -3.26 |
| Sep 30, 2025 | -14.47 |
| Jun 30, 2025 | -9.32 |
| Mar 31, 2025 | -6.94 |
| Dec 31, 2024 | -5.49 |
| Sep 30, 2024 | 10.08 |
| Jun 30, 2024 | 3.40 |
| Mar 31, 2024 | 2.94 |
| Dec 31, 2023 | 2.63 |
| Sep 30, 2023 | 2.88 |
| Jun 30, 2023 | 2.95 |
| Mar 31, 2023 | 4.69 |
| Dec 31, 2022 | 6.11 |
| Sep 30, 2022 | 6.51 |
| Jun 30, 2022 | 7.66 |
| Mar 31, 2022 | 4.57 |
| Dec 31, 2021 | -10.30 |
| Sep 30, 2021 | 207.32 |
| Jun 30, 2021 | -6.85 |