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

Array Technologies' (ARRY) quarterly Operating Margin came in at 3.18% in Q1 2026, down 584.0% year-on-year from 0.66% in Q1 2025, and up 104.86% quarter-over-quarter from 65.52% in Q4 2025.

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

Array Technologies' Operating Margin history runs 8 years deep, the most recent figure standing at 3.18% for Q1 2026.

  • On a quarterly basis, Operating Margin fell 584.0% year-over-year to 3.18% in Q1 2026; TTM through Mar 2026 was 4.08%, a 1547.0% increase from a year earlier, with the FY2025 full-year figure at 2.26%, up 2253.0% from the prior year.
  • Operating Margin grew to 3.18% in Q1 2026 per ARRY's latest filing, from 65.52% in the prior quarter.
  • Across five years, Operating Margin topped out at 18.96% in Q2 2023 and bottomed at 65.52% in Q4 2025.
  • The 5-year median for Operating Margin is 5.48% (2024), against an average of 4.34%.
  • Across the five-year window, Operating Margin tumbled 6881 bps in 2024 and jumped 6889 bps in 2025, its largest moves.
  • Year by year, Operating Margin stood at 4.07% in 2022, then surged by 118 bps to 8.85% in 2023, then slumped by 685 bps to 51.72% in 2024, then decreased by 27 bps to 65.52% in 2025, then surged by 105 bps to 3.18% in 2026.
  • Per Business Quant, the three latest ARRY Operating Margin figures stand at 3.18% (Q1 2026), 65.52% (Q4 2025), and 11.55% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 33.07%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 17.44%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -10.48%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -4.80%
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -17.73%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -6.02%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 5.49%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -5.26%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 3.18%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 25.40%

Historic Data

Download Data
DateValue
Mar 31, 2026 3.18%
Dec 31, 2025 -65.52%
Sep 30, 2025 11.55%
Jun 30, 2025 12.80%
Mar 31, 2025 9.02%
Dec 31, 2024 -51.72%
Sep 30, 2024 -57.33%
Jun 30, 2024 15.48%
Mar 31, 2024 5.48%
Dec 31, 2023 8.85%
Sep 30, 2023 11.47%
Jun 30, 2023 18.96%
Mar 31, 2023 12.60%
Dec 31, 2022 4.07%
Sep 30, 2022 3.34%
Jun 30, 2022 -3.18%
Mar 31, 2022 -12.76%
Dec 31, 2021 -9.10%
Sep 30, 2021 -10.34%
Jun 30, 2021 -0.29%