Array Technologies
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
9.2311.025.995.81
Price/Sales ratio
0.730.680.700.67
Earnings per Share (EPS)
$0.96$0.80$1.48$1.52

Historical Multiples (2012 – 2023)

2012 2013 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-28.93-67.27-76.17116.4692.74-40.46653.4218.47301.76116.46
Price/Sales ratio
8.0170.7715.917.146.272.391.761.601.976.27
Price/Book Value ratio
-7.95-224.7817.5015.16-67.7212.126.834.157.64-67.72
Price/Cash Flow ratio
-20.33-56.56-394.7211.98-44.83-7.7420.4610.9324.2411.98
Price/Free Cash Flow ratio
-19.50-55.08-254.9312.04-44.34-7.6522.1211.7926.3312.04
Price/Earnings Growth ratio
-0.34-0.62N/A-0.701.790.22-6.070.01-0.981.79
Dividend Yield
N/AN/AN/AN/A10.75%0.39%0.64%N/AN/A10.75%
Profitability Indicator Ratios
Gross Profit Margin
71.50%56.77%3.97%23.26%23.23%9.71%13.87%26.35%14.28%23.23%
Operating Profit Margin
-12.97%-72.84%-21.04%12.87%10.91%-2.89%-1.10%13.58%-0.61%10.91%
Pretax Profit Margin
-27.69%-89.02%-27.75%9.96%8.91%-7.16%-0.30%11.23%0.55%8.91%
Net Profit Margin
-27.69%-105.20%-20.89%6.13%6.76%-5.90%0.27%8.70%0.65%6.76%
Effective Tax Rate
N/A-18.17%24.70%38.45%24.04%17.53%189.49%22.53%-18.73%24.04%
Return on Assets
-21.81%-53.82%-11.91%4.30%9.00%-4.40%0.25%8.04%0.62%9.00%
Return On Equity
27.48%334.10%-22.97%13.02%-73.02%-29.95%1.04%22.47%2.81%2.81%
Return on Capital Employed
-34.37%-59.34%-16.30%25.05%25.94%-2.75%-1.46%15.61%-0.81%25.94%
Liquidity Ratios
Current Ratio
1.222.39N/A1.041.29N/AN/AN/A1.781.04
Quick Ratio
1.172.320.880.790.882.631.281.991.190.79
Cash ratio
0.731.200.300.520.371.490.280.740.280.37
Days of Sales Outstanding
N/A50.3377.9854.5756.82104.8294.6676.8993.5854.57
Days of Inventory outstanding
N/AN/A72.11108.6764.5497.4260.3450.9160.4464.54
Operating Cycle
N/A50.33150.10163.25121.36202.24155.01127.8183.52121.36
Days of Payables Outstanding
97.2765.4839.2499.4846.3043.5844.1037.5644.1846.30
Cash Conversion Cycle
-97.27-15.14110.8563.7675.06158.66110.9090.2464.3163.76
Debt Ratios
Debt Ratio
1.790.720.300.100.650.620.440.390.750.10
Debt Equity Ratio
-2.25-4.510.580.32-5.294.251.791.113.020.32
Long-term Debt to Capitalization
14.621.280.26N/A1.230.800.620.510.621.23
Total Debt to Capitalization
14.301.280.360.241.230.800.640.520.640.24
Interest Coverage Ratio
-0.95-3.51N/A3.438.04N/AN/AN/A-0.308.04
Cash Flow to Debt Ratio
-0.36-0.87-0.073.94-0.28-0.360.180.330.170.17
Company Equity Multiplier
-1.25-6.201.923.02-8.106.794.022.794.023.02
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.39-1.25-0.040.59-0.14-0.300.080.140.080.08
Free Cash Flow / Operating Cash Flow Ratio
1.041.021.540.991.011.010.920.920.921.01
Cash Flow Coverage Ratio
-0.36-0.87-0.073.94-0.28-0.360.180.330.170.17
Short Term Coverage Ratio
-223.64N/A-0.193.94-28.33-61.203.6510.803.453.45
Dividend Payout Ratio
N/AN/AN/AN/A997.07%-15.97%421.25%N/AN/A997.07%