Array Technologies (ARRY) Net Margin (2019 - 2026)
Array Technologies' (ARRY) quarterly Net Margin came in at 6.06% in Q1 2026, down 682.0% year-on-year from 1.04% in Q1 2025, and up 91.5% quarter-over-quarter from 71.3% in Q4 2025.
Array Technologies (ARRY) Net Margin (2019 - 2026) Analysis & Trends
Array Technologies' Net Margin history runs 8 years deep, the most recent figure standing at 6.06% for Q1 2026.
- On a quarterly basis, Net Margin fell 682.0% year-over-year to 6.06% in Q1 2026; TTM through Mar 2026 was 10.61%, a 1591.0% increase from a year earlier, with the FY2025 full-year figure at 8.72%, up 2360.0% from the prior year.
- Net Margin grew to 6.06% in Q1 2026 per ARRY's latest filing, from 71.3% in the prior quarter.
- Across five years, Net Margin topped out at 10.32% in Q2 2023 and bottomed at 71.3% in Q4 2025.
- The 5-year median for Net Margin is 0.76% (2025), against an average of 10.66%.
- Across the five-year window, Net Margin plunged 7002 bps in 2024 and soared 7184 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 4.29% in 2022, then jumped by 141 bps to 1.76% in 2023, then tumbled by 3017 bps to 51.32% in 2024, then tumbled by 39 bps to 71.3% in 2025, then jumped by 91 bps to 6.06% in 2026.
- Per Business Quant, the three latest ARRY Net Margin figures stand at 6.06% (Q1 2026), 71.3% (Q4 2025), and 4.67% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 17.10% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -2.62% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 129.61% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -18.48% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -41.17% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -0.21% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 7.09% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -6.06% |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 19.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.06% |
| Dec 31, 2025 | -71.30% |
| Sep 30, 2025 | 4.67% |
| Jun 30, 2025 | 7.86% |
| Mar 31, 2025 | 0.76% |
| Dec 31, 2024 | -51.32% |
| Sep 30, 2024 | -67.17% |
| Jun 30, 2024 | 4.67% |
| Mar 31, 2024 | -7.39% |
| Dec 31, 2023 | 1.76% |
| Sep 30, 2023 | 2.86% |
| Jun 30, 2023 | 10.32% |
| Mar 31, 2023 | 4.55% |
| Dec 31, 2022 | -4.29% |
| Sep 30, 2022 | 5.51% |
| Jun 30, 2022 | -4.10% |
| Mar 31, 2022 | -12.49% |
| Dec 31, 2021 | -14.62% |
| Sep 30, 2021 | -17.51% |
| Jun 30, 2021 | -2.81% |