Array Technologies (ARRY) EV to CFO (2021 - 2026)
Array Technologies' (ARRY) EV to CFO was 5.12 for Q2 2026, up 30.3% from 3.93 a year earlier but down 52.0% from the prior quarter.
Powered by 
Analysis
Array Technologies (ARRY) EV to CFO (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Array Technologies' EV to CFO came in at 1.03; for FY2025, it came in at 11.44, up 217.4% from FY2024.
- By year, EV to CFO came in at 3.61 in FY2024 (-63.5%), 9.88 in FY2023 (-49.7%) and 19.65 in FY2022.
- Five-year quarterly EV to CFO spans a low of 3.52 in Q3 2024 and a high of 19.65 in Q4 2022.
- Year over year, EV to CFO has now increased in each of the last four quarters, with growth averaging 41.3% over the last eight quarters.
- The high point for year-over-year EV to CFO in five years was Q4 2025 (growth of 217.4%); the low point was Q3 2024 (a decline of 73.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 10.67 (Q1 2026), 11.44 (Q4 2025) and 8.84 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Array Technologies | 620.65 Mn | -353.26 Mn | 99.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.12 |
| Mar 31, 2026 | 10.67 |
| Dec 31, 2025 | 11.44 |
| Sep 30, 2025 | 8.84 |
| Jun 30, 2025 | 3.93 |
| Mar 31, 2025 | 4.22 |
| Dec 31, 2024 | 3.61 |
| Sep 30, 2024 | 3.52 |
| Jun 30, 2024 | 5.88 |
| Mar 31, 2024 | 8.45 |
| Dec 31, 2023 | 9.88 |
| Sep 30, 2023 | 13.51 |
| Jun 30, 2023 | 12.13 |
| Mar 31, 2023 | 13.28 |
| Dec 31, 2022 | 19.65 |
| Mar 31, 2021 | 104.02 |
API Access
Array Technologies EV to CFO 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=ev-to-cfo&ticker=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "ARRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();