Array Technologies (ARRY) EV to FCF (2021 - 2026)
Array Technologies' EV to FCF came in at 6.19 for Q2 2026, up 38.9% from 4.46 a year earlier but down 60.4% from the prior quarter.
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Analysis
Array Technologies (ARRY) EV to FCF (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Array Technologies reported EV to FCF of 1.24; for FY2025, it came in at 14.60, up 275.2% from FY2024.
- Going back by year, EV to FCF was 3.89 in FY2024 (-63.5%), 10.66 in FY2023 (-49.8%) and 21.25 in FY2022.
- The five-year range for quarterly EV to FCF is 3.74 (Q3 2024) to 21.25 (Q4 2022).
- Year-over-year, EV to FCF has increased for four consecutive quarters, with growth averaging 64.1% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q4 2025 (growth of 275.2%), and the weakest in Q3 2024 (a decline of 74.2%).
- Business Quant data shows ARRY's EV to FCF at 15.64 (Q1 2026), 14.60 (Q4 2025) and 10.71 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 235.57 Bn | 195.48 Bn | 2.36 Bn |
| 2 | Bloom Energy | 67.39 Bn | 57.29 Bn | 417.10 Mn |
| 3 | First Solar | 18.85 Bn | 9.80 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.39 Bn | 10.69 Bn | 202.31 Mn |
| 5 | Nextpower | 12.32 Bn | 8.21 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.75 Bn | 10.58 Bn | 521.81 Mn |
| 7 | EnerSys | 6.24 Bn | 4.43 Bn | 313.36 Mn |
| 8 | Mirion Technologies | 4.05 Bn | 4.05 Bn | 131.50 Mn |
| 9 | Enphase Energy | 3.29 Bn | -1.02 Bn | 127.12 Mn |
| 10 | Array Technologies | 537.76 Mn | -436.15 Mn | 99.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.19 |
| Mar 31, 2026 | 15.64 |
| Dec 31, 2025 | 14.60 |
| Sep 30, 2025 | 11.60 |
| Jun 30, 2025 | 4.75 |
| Mar 31, 2025 | 5.27 |
| Dec 31, 2024 | 4.10 |
| Sep 30, 2024 | 3.74 |
| Jun 30, 2024 | 6.23 |
| Mar 31, 2024 | 9.06 |
| Dec 31, 2023 | 10.66 |
| Sep 30, 2023 | 14.47 |
| Jun 30, 2023 | 12.91 |
| Mar 31, 2023 | 14.00 |
| Dec 31, 2022 | 21.25 |
| Mar 31, 2021 | 109.27 |
API Access
Array Technologies EV to FCF 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-fcf&ticker=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();