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Array Technologies, Inc. ARRY Return on invested capital

Return on invested capital at other companies

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4.3%-7.5pp
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9.2%+2.8pp
Nextpower Inc.
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Nextpower Inc. NXT
52.3%-12.3pp
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SolarEdge TechnologiesSEDG
-37%-13.1pp
Solaris Energy Infrastructure logo
Solaris Energy InfrastructureSEI
13.4%+2.9pp
Enphase Energy logo
Enphase EnergyENPH
6.3%0.0pp

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+4.8%
Enterprise value$1.74B+19.6%
P/S-0.1×

Profitability

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Gross margin23.7%-6.3pp
Operating margin-4.1%-1.8pp
Net margin-5.6%-2.4pp
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.

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 return on invested capital?
Array Technologies, Inc. (ARRY) reported return on invested capital of -17% in Q1 2026.
How has Array Technologies, Inc.'s return on invested capital changed year-over-year?
Array Technologies, Inc.'s return on invested capital increased by 65.1% year-over-year, from -48.7% to -17%.
What is the long-term trend for Array Technologies, Inc.'s return on invested capital?
Over 4 years (2020 to 2025), Array Technologies, Inc.'s return on invested capital has grown at a -35.8% compound annual growth rate (CAGR), from 64.3% to -10.9%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.