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| Date | Value |
|---|---|
| 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% |