What is Array Technologies, Inc.'s EV / EBITDA?

Array Technologies, Inc. (ARRY) reported EV / EBITDA of 505.9× in Q3 2025.

What is the long-term trend for Array Technologies, Inc.'s EV / EBITDA?

Over 2 years (2020 to 2023), Array Technologies, Inc.'s EV / EBITDA has grown at a -51.7% compound annual growth rate (CAGR), from 49.3× to 11.5×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Array Technologies, Inc. ARRY EV / EBITDA

EV / EBITDA at other companies

Gibraltar IndustriesROCK

19.7×+8.4×

Shoals Technologies Group, Inc.SHLS

15.3×+3.7×

Nextpower Inc. NXT

23.2×+15.0×

SolarEdge TechnologiesSEDG

20.7×-27.1×

Solaris Energy InfrastructureSEI

14.5×+5.2×

Enphase EnergyENPH

28.6×-12.6×

Other financials

Income statement

See full

Revenue$223.4M-26.1%

Gross profit$63.0M-17.6%

Operating income$7.1M-73.9%

Net income$2.0M-88.1%

EPS (diluted)-$0.09-550%

Balance sheet

See full

Cash & equivalents$202.0M-42.2%

Total debt$763.2M+12.4%

Total equity-$214.4M-119%

Total assets$1.5B+3.5%

Cash flow

See full

Operating cash flow-$29.4M-125%

CapEx$7.5M+219%

Free cash flow-$36.9M-140%

Valuation

See full

Market cap$1.18B+4.8%

Enterprise value$1.74B+19.6%

P/S1×-0.1×

Profitability

See full

Gross margin23.7%-6.3pp

Operating margin-4.1%-1.8pp

Net margin-5.6%-2.4pp

FCF margin4.8%-3.3pp

Returns & leverage

See full

Return on equity-64.1%—

Debt / equity10.5×+7.4×

Current ratio2.3×-0.1×

Where this comes from

Calculated from Array Technologies, Inc.’s reported figures.

enterprise value/ebitda=505.9×

Based on the most recent quarter.

The official record: Array Technologies, Inc.’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

Ask your AI about Array Technologies, Inc.'s ev / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Array Technologies, Inc.'s EV / EBITDA?: Array Technologies, Inc. (ARRY) reported EV / EBITDA of 505.9× in Q3 2025.
What is the long-term trend for Array Technologies, Inc.'s EV / EBITDA?: Over 2 years (2020 to 2023), Array Technologies, Inc.'s EV / EBITDA has grown at a -51.7% compound annual growth rate (CAGR), from 49.3× to 11.5×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.