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

Array Technologies (ARRY) recorded quarterly FCF Margin of 16.53% in Q1 2026, down 164.28% quarter-over-quarter from 25.72% in Q4 2025, and down 1143.0% on a YoY basis from 1.58% in Q1 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.

  • In Q1 2026, FCF Margin fell 1143.0% year-over-year to 16.53%; the TTM figure through Mar 2026 stood at 6.66% (down 143.0% YoY), while the FY2025 annual figure was 7.93%, down 809.0% from the prior year.
  • FCF Margin was 16.53% for Q1 2026 at Array Technologies, down from 25.72% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 29.4% in Q1 2024 to a low of 17.45% in Q1 2022.
  • Historically, FCF Margin has averaged 10.11% across 5 years, with a median of 11.13% in 2023.
  • The sharpest annual moves came in 2022 and 2025: FCF Margin surged 6804 bps in 2022, then slumped 3450 bps in 2025.
  • A 5-year view of FCF Margin shows it 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 gained by 27 bps to 25.72% in 2025, then slumped by 164 bps to 16.53% in 2026.
  • The last three FCF Margin figures came in at 16.53% (Q1 2026), 25.72% (Q4 2025), and 5.55% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn -31.93%
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 14.00%
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 32.11%
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -0.56%
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 1.41%
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn -29.72%
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -16.53%
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -37.55%
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -16.53%
Dec 31, 2025 25.72%
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%