Array Technologies (ARRY) FCF Margin (2019 - 2026)

Array Technologies' (ARRY) quarterly FCF Margin came in at 16.53% in Q1 2026, down 1143.0% year-on-year from 1.58% in Q1 2025, and down 203.33% quarter-over-quarter from 16.0% in Q4 2025.

Array Technologies (ARRY) FCF Margin (2019 - 2026) Analysis & Trends

Array Technologies' FCF Margin history runs 8 years deep, the most recent figure standing at 16.53% for Q1 2026.

  • On a quarterly basis, FCF Margin fell 1143.0% year-over-year to 16.53% in Q1 2026; TTM through Mar 2026 was 4.84%, a 325.0% decrease from a year earlier, with the FY2025 full-year figure at 6.22%, down 980.0% from the prior year.
  • FCF Margin slipped to 16.53% in Q1 2026 per ARRY's latest filing, from 16.0% in the prior quarter.
  • Across five years, FCF Margin topped out at 29.4% in Q1 2024 and bottomed at 17.45% in Q1 2022.
  • The 5-year median for FCF Margin is 11.13% (2023), against an average of 9.54%.
  • Across the five-year window, FCF Margin jumped 6804 bps in 2022 and slumped 3450 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 23.26% in 2022, then advanced by 11 bps to 25.94% in 2023, then fell by 22 bps to 20.3% in 2024, then retreated by 21 bps to 16.0% in 2025, then plunged by 203 bps to 16.53% in 2026.
  • Per Business Quant, the three latest ARRY FCF Margin figures stand at 16.53% (Q1 2026), 16.0% (Q4 2025), and 5.55% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn -31.93%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 14.00%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 32.11%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -0.56%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 1.41%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn -34.93%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 16.54%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn -16.53%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 26.64%

Historic Data

Download Data
DateValue
Mar 31, 2026 -16.53%
Dec 31, 2025 16.00%
Sep 30, 2025 5.55%
Jun 30, 2025 10.27%
Mar 31, 2025 -5.10%
Dec 31, 2024 20.30%
Sep 30, 2024 18.95%
Jun 30, 2024 0.71%
Mar 31, 2024 29.40%
Dec 31, 2023 25.94%
Sep 30, 2023 19.81%
Jun 30, 2023 2.95%
Mar 31, 2023 11.13%
Dec 31, 2022 23.26%
Sep 30, 2022 19.80%
Jun 30, 2022 -2.91%
Mar 31, 2022 -17.45%
Dec 31, 2021 -44.78%
Sep 30, 2021 -17.37%
Jun 30, 2021 -47.12%