Array Technologies (ARRY) EV to EBITDA (2020 - 2026)
Array Technologies (ARRY) posted EV to EBITDA of 22.26 for Q2 2026, down 76.78% on a QoQ basis from 95.85 in Q1 2026, and up 101.74% year-over-year from 11.03 in Q2 2025.
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Array Technologies (ARRY) EV to EBITDA (2020 - 2026) Analysis & Trends
Array Technologies has reported EV to EBITDA for 7 years, with the latest figure at 22.26 in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 101.74% year-over-year to 22.26 in Q2 2026; TTM through Jun 2026 was 16.1, a 504.94% decrease from a year earlier, with the FY2025 full-year figure at 50.88, down 1940.09% from the prior year.
- EV to EBITDA was 22.26 for Q2 2026 at Array Technologies, down from 95.85 in the prior quarter.
- The five-year high for EV to EBITDA was 212.07 in Q1 2024, with the low at 125.99 in Q2 2022.
- Average EV to EBITDA over 5 years is 42.99, with a median of 26.81 recorded in 2026.
- The sharpest annual moves came in 2022 and 2026: EV to EBITDA slumped 118.44% in 2022, then surged 589.51% in 2026.
- Over 5 years, EV to EBITDA stood at 165.02 in 2022, then plunged by 55.07% to 74.14 in 2023, then slumped by 105.3% to 3.93 in 2024, then plunged by 103.26% to 7.99 in 2025, then soared by 378.6% to 22.26 in 2026.
- The last three EV to EBITDA figures came in at 22.26 (Q2 2026), 95.85 (Q1 2026), and 7.99 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.26 |
| Mar 31, 2026 | 95.85 |
| Dec 31, 2025 | -7.99 |
| Sep 30, 2025 | 21.75 |
| Jun 30, 2025 | 11.03 |
| Mar 31, 2025 | 13.90 |
| Dec 31, 2024 | -3.93 |
| Sep 30, 2024 | -5.10 |
| Jun 30, 2024 | 31.36 |
| Mar 31, 2024 | 212.07 |
| Dec 31, 2023 | 74.14 |
| Sep 30, 2023 | 77.78 |
| Jun 30, 2023 | 33.64 |
| Mar 31, 2023 | 65.61 |
| Dec 31, 2022 | 165.02 |
| Sep 30, 2022 | 135.93 |
| Jun 30, 2022 | -125.99 |
| Mar 31, 2022 | -43.53 |
| Dec 31, 2021 | -102.44 |
| Sep 30, 2021 | -126.05 |