Array Technologies (ARRY) Operating Margin (2019 - 2026)
Array Technologies (ARRY) recorded quarterly Operating Margin of 3.18% in Q1 2026, up 104.86% quarter-over-quarter from 65.52% in Q4 2025, and down 584.0% on a YoY basis from 0.66% in Q1 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.
- In Q1 2026, Operating Margin fell 584.0% year-over-year to 3.18%; the TTM figure through Mar 2026 stood at 4.08% (up 1547.0% YoY), while the FY2025 annual figure was 2.26%, up 2253.0% from the prior year.
- Operating Margin was 3.18% for Q1 2026 at Array Technologies, up from 65.52% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 18.96% in Q2 2023 to a low of 65.52% in Q4 2025.
- Historically, Operating Margin has averaged 4.34% across 5 years, with a median of 5.48% in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 6881 bps in 2024, then surged 6889 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 4.07% in 2022, then surged by 118 bps to 8.85% in 2023, then plunged 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.
- The last three Operating Margin figures came in at 3.18% (Q1 2026), 65.52% (Q4 2025), and 11.55% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -10.48% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -17.73% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -6.02% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 5.49% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 3.18% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -4.80% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -9.56% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |