What is Array Technologies, Inc.'s net margin?

Array Technologies, Inc. (ARRY) reported net margin of -5.6% in Q1 2026.

How has Array Technologies, Inc.'s net margin changed year-over-year?

Array Technologies, Inc.'s net margin increased by 73.8% year-over-year, from -21.2% to -5.6%.

What is the long-term trend for Array Technologies, Inc.'s net margin?

Over 3 years (2021 to 2025), Array Technologies, Inc.'s net margin has grown at a -11.7% compound annual growth rate (CAGR), from -5.9% to -4.1%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Array Technologies, Inc. ARRY Net margin

Net margin at other companies

Gibraltar IndustriesROCK

-10.7%-23.7pp

Shoals Technologies Group, Inc.SHLS

6.3%+1.4pp

Nextpower Inc. NXT

16.5%-0.7pp

SolarEdge TechnologiesSEDG

-28.6%-13.1pp

Solaris Energy InfrastructureSEI

6.9%+2.4pp

Enphase EnergyENPH

9.6%-0.8pp

Other financials

Income statement

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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

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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

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Operating cash flow-$29.4M-125%

CapEx$7.5M+219%

Free cash flow-$36.9M-140%

Valuation

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Market cap$1.18B+49.3%

Enterprise value$1.74B+55.8%

P/S1×+0.2×

Profitability

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Gross margin23.7%-6.3pp

Operating margin-4.1%-1.8pp

FCF margin4.8%-3.3pp

Returns & leverage

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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.

net income/total revenue=-5.6%

Based on trailing twelve months.

The official record: Array Technologies, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Array Technologies, Inc.'s net margin?: Array Technologies, Inc. (ARRY) reported net margin of -5.6% in Q1 2026.
How has Array Technologies, Inc.'s net margin changed year-over-year?: Array Technologies, Inc.'s net margin increased by 73.8% year-over-year, from -21.2% to -5.6%.
What is the long-term trend for Array Technologies, Inc.'s net margin?: Over 3 years (2021 to 2025), Array Technologies, Inc.'s net margin has grown at a -11.7% compound annual growth rate (CAGR), from -5.9% to -4.1%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.