Array Technologies (ARRY) EV to FCF (2020 - 2026)
Array Technologies (ARRY) posted EV to FCF of 7.34 for Q2 2026, up 129.73% on a QoQ basis from 24.68 in Q1 2026, and down 47.87% year-over-year from 14.08 in Q2 2025.
Analysis
Array Technologies (ARRY) EV to FCF (2020 - 2026) Analysis & Trends
Array Technologies has reported EV to FCF for 7 years, with the latest figure at 7.34 in Q2 2026.
- On a quarterly basis, EV to FCF fell 47.87% year-over-year to 7.34 in Q2 2026; TTM through Jun 2026 was 6.19, a 38.93% increase from a year earlier, with the FY2025 full-year figure at 14.6, up 275.16% from the prior year.
- EV to FCF was 7.34 for Q2 2026 at Array Technologies, up from 24.68 in the prior quarter.
- The five-year high for EV to FCF was 699.04 in Q2 2024, with the low at 131.43 in Q2 2022.
- Average EV to FCF over 5 years is 59.66, with a median of 24.86 recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: EV to FCF plunged 519.77% in 2022, then soared 340.05% in 2023.
- Over 5 years, EV to FCF stood at 29.72 in 2022, then declined by 12.96% to 25.87 in 2023, then sank by 58.67% to 10.69 in 2024, then jumped by 201.21% to 32.21 in 2025, then plunged by 77.22% to 7.34 in 2026.
- The last three EV to FCF figures came in at 7.34 (Q2 2026), 24.68 (Q1 2026), and 32.21 (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 | 7.34 |
| Mar 31, 2026 | -24.68 |
| Dec 31, 2025 | 32.21 |
| Sep 30, 2025 | 46.84 |
| Jun 30, 2025 | 14.08 |
| Mar 31, 2025 | -25.60 |
| Dec 31, 2024 | 10.69 |
| Sep 30, 2024 | 15.29 |
| Jun 30, 2024 | 699.04 |
| Mar 31, 2024 | 43.79 |
| Dec 31, 2023 | 25.87 |
| Sep 30, 2023 | 45.82 |
| Jun 30, 2023 | 217.23 |
| Mar 31, 2023 | 75.19 |
| Dec 31, 2022 | 29.72 |
| Sep 30, 2022 | 23.85 |
| Jun 30, 2022 | -131.43 |
| Mar 31, 2022 | -31.32 |
| Dec 31, 2021 | -20.20 |
| Sep 30, 2021 | -72.74 |