Array Technologies (ARRY) Tax Rate (2019 - 2026)
Array Technologies (ARRY) posted Tax Rate of 23.33% for Q2 2026, down 54.78% on a QoQ basis from 51.59% in Q1 2026, and down 61.0% year-over-year from 59.81% in Q2 2025.
Analysis
Array Technologies (ARRY) Tax Rate (2019 - 2026) Analysis & Trends
Array Technologies has reported Tax Rate for 8 years, with the latest figure at 23.33% in Q2 2026.
- On a quarterly basis, Tax Rate fell 61.0% year-over-year to 23.33% in Q2 2026; TTM through Jun 2026 was 16.85%, a 1643.0% decrease from a year earlier, with the FY2025 full-year figure at 78.78%, down 8285.0% from the prior year.
- Tax Rate was 23.33% for Q2 2026 at Array Technologies, down from 51.59% in the prior quarter.
- The five-year high for Tax Rate was 161.63% in Q4 2022, with the low at 2.84% in Q3 2024.
- Average Tax Rate over 5 years is 33.78%, with a median of 23.58% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Tax Rate soared 14239 bps in 2022, then slumped 14815 bps in 2023.
- Over 5 years, Tax Rate stood at 161.63% in 2022, then sank by 92 bps to 13.48% in 2023, then advanced by 15 bps to 15.45% in 2024, then slumped by 70 bps to 4.63% in 2025, then jumped by 403 bps to 23.33% in 2026.
- The last three Tax Rate figures came in at 23.33% (Q2 2026), 51.59% (Q1 2026), and 4.63% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 41.71% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | -8.19% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | -2.16% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | 24.26% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 23.33% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | -12.60% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | -18.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.33% |
| Mar 31, 2026 | 51.59% |
| Dec 31, 2025 | 4.63% |
| Sep 30, 2025 | 22.88% |
| Jun 30, 2025 | 23.94% |
| Mar 31, 2025 | 28.07% |
| Dec 31, 2024 | 15.45% |
| Sep 30, 2024 | -2.84% |
| Jun 30, 2024 | 23.31% |
| Mar 31, 2024 | 37.59% |
| Dec 31, 2023 | 13.48% |
| Sep 30, 2023 | 23.84% |
| Jun 30, 2023 | 24.74% |
| Mar 31, 2023 | 21.93% |
| Dec 31, 2022 | 161.63% |
| Sep 30, 2022 | 19.75% |
| Jun 30, 2022 | 78.58% |
| Mar 31, 2022 | 36.24% |
| Dec 31, 2021 | 19.24% |
| Sep 30, 2021 | 16.40% |