Array Technologies (ARRY) EV to CFO (2020 - 2026)
Array Technologies (ARRY) posted EV to CFO of 6.88 for Q2 2026, up 122.19% on a QoQ basis from 30.98 in Q1 2026, and down 42.45% year-over-year from 11.95 in Q2 2025.
Analysis
Array Technologies (ARRY) EV to CFO (2020 - 2026) Analysis & Trends
Array Technologies has reported EV to CFO for 7 years, with the latest figure at 6.88 in Q2 2026.
- On a quarterly basis, EV to CFO fell 42.45% year-over-year to 6.88 in Q2 2026; TTM through Jun 2026 was 5.12, a 30.31% increase from a year earlier, with the FY2025 full-year figure at 11.44, up 217.42% from the prior year.
- EV to CFO was 6.88 for Q2 2026 at Array Technologies, up from 30.98 in the prior quarter.
- The five-year high for EV to CFO was 322.58 in Q2 2024, with the low at 150.37 in Q2 2022.
- Average EV to CFO over 5 years is 31.96, with a median of 23.8 recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: EV to CFO plunged 604.31% in 2022, then soared 309.83% in 2023.
- Over 5 years, EV to CFO stood at 28.53 in 2022, then dropped by 14.49% to 24.39 in 2023, then tumbled by 60.48% to 9.64 in 2024, then soared by 176.88% to 26.69 in 2025, then plunged by 74.24% to 6.88 in 2026.
- The last three EV to CFO figures came in at 6.88 (Q2 2026), 30.98 (Q1 2026), and 26.69 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 22.32 Bn | 20.60 Bn | 605.00 Mn |
| 2 | Nextpower | 12.21 Bn | 10.99 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.89 Bn | 3.96 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.08 Bn | 1.50 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.32 Bn | 1.11 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.17 Bn | 1.15 Bn | 49.53 Mn |
| 7 | Canadian Solar | 874.23 Mn | -592.27 Mn | 168.48 Mn |
| 8 | Array Technologies | 692.40 Mn | 385.10 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 613.77 Mn | -2.07 Bn | 75.62 Mn |
| 10 | Toyo | 132.44 Mn | 22.39 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.88 |
| Mar 31, 2026 | -30.98 |
| Dec 31, 2025 | 26.69 |
| Sep 30, 2025 | 37.40 |
| Jun 30, 2025 | 11.95 |
| Mar 31, 2025 | -30.22 |
| Dec 31, 2024 | 9.64 |
| Sep 30, 2024 | 14.92 |
| Jun 30, 2024 | 322.58 |
| Mar 31, 2024 | 41.58 |
| Dec 31, 2023 | 24.39 |
| Sep 30, 2023 | 44.42 |
| Jun 30, 2023 | 158.63 |
| Mar 31, 2023 | 68.82 |
| Dec 31, 2022 | 28.53 |
| Sep 30, 2022 | 23.21 |
| Jun 30, 2022 | -150.37 |
| Mar 31, 2022 | -32.80 |
| Dec 31, 2021 | -20.43 |
| Sep 30, 2021 | -75.15 |