Array Technologies (ARRY) Invested Capital (2019 - 2026)
Array Technologies (ARRY) reported Invested Capital of $455.67 million for Q2 2026, down 26.9% from $622.98 million a year earlier but up 0.8% from the prior quarter.
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Analysis
Array Technologies (ARRY) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, Array Technologies posted Invested Capital of $462.64 million, down 17.3% from FY2024.
- Invested Capital has a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- By year, Invested Capital came in at $559.19 million in FY2024 (-40.6%), $941.67 million in FY2023 (+6.6%), $883.32 million in FY2022 (+36.7%) and $646.15 million in FY2021 (+86.0%).
- Five-year quarterly Invested Capital spans a low of $304.98 million in Q3 2021 and a high of $996.65 million in Q1 2022.
- Year over year, Invested Capital has now declined in each of the last nine quarters, with an average decline of 25.9% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q1 2022 (growth of 204.3%); the low point was Q4 2024 (a decline of 40.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $452.04 million (Q1 2026), $462.64 million (Q4 2025) and $634.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 15.91 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 1.64 Bn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 10.36 Bn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 3.35 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 4.21 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 3.01 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 1.75 Bn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 2.32 Bn |
| 10 | Array Technologies | 620.65 Mn | -353.26 Mn | 99.60 Mn | 455.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 455.67 Mn |
| Mar 31, 2026 | 452.04 Mn |
| Dec 31, 2025 | 462.64 Mn |
| Sep 30, 2025 | 634.26 Mn |
| Jun 30, 2025 | 622.98 Mn |
| Mar 31, 2025 | 581.22 Mn |
| Dec 31, 2024 | 559.19 Mn |
| Sep 30, 2024 | 740.86 Mn |
| Jun 30, 2024 | 880.71 Mn |
| Mar 31, 2024 | 911.43 Mn |
| Dec 31, 2023 | 941.67 Mn |
| Sep 30, 2023 | 926.94 Mn |
| Jun 30, 2023 | 978.34 Mn |
| Mar 31, 2023 | 898.13 Mn |
| Dec 31, 2022 | 883.32 Mn |
| Sep 30, 2022 | 884.25 Mn |
| Jun 30, 2022 | 955.42 Mn |
| Mar 31, 2022 | 996.65 Mn |
| Dec 31, 2021 | 646.15 Mn |
| Sep 30, 2021 | 304.98 Mn |
API Access
Array Technologies Invested Capital 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=invested-capital&ticker=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();