Array Technologies (ARRY) Operating Margin (2019 - 2026)
Array Technologies (ARRY) posted Operating Margin of 10.16% for Q2 2026, down 2.64 percentage points from 12.80% a year earlier but up 6.98 percentage points from the prior quarter.
Powered by 
Analysis
Array Technologies (ARRY) Operating Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Array Technologies was -5.13%, up 12.06 percentage points year-over-year; for FY2025, it was -2.26%, up 22.53 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -13.17 percentage points (FY2020 to FY2025).
- In prior years, Array Technologies' Operating Margin was -24.79% in FY2024 (-38.37 pp), 13.58% in FY2023 (+14.69 pp), -1.11% in FY2022 (+1.79 pp) and -2.90% in FY2021 (-13.81 pp).
- Quarterly Operating Margin has run from a low of -65.52% in Q4 2025 to a high of 18.96% in Q2 2023 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last three quarters, with an average year-over-year change of -10.24 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2025, with a gain of 68.89 percentage points; the weakest was Q3 2024, with a drop of 68.81 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 3.18% (Q1 2026), -65.52% (Q4 2025) and 11.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 42.64% |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 12.66% |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 17.93% |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 20.41% |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 6.71% |
| 10 | Array Technologies | 614.49 Mn | -359.42 Mn | 99.60 Mn | 10.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.16% |
| 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% |
API Access
Array Technologies Operating Margin 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=operating-margin&ticker=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();