Array Technologies, Inc.

ARRYNASDAQEnergy● Active

$8.09

$-1.00(-11.00%)

Market Cap$1.2B

P/E Ratio—

52W High$12.23

52W Low$5.39

Avg Volume5.2M

Open$9.03

Beta1.78

Free Cash Flow Financials Revenue

Array Technologies, Inc. (ARRY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ARRY · free cash flow · updated Jun 8, 2026

Core FCF metrics

ARRY · FCF · TTM · margin & CAGR

Free cash flow was $79.8M for FY2025 (fiscal year ending 2025-12-31), down 45.6% year-over-year The FCF margin was 6.2%.

FY2025 Free Cash Flow$79.8M▼ -45.6% YoY

Trailing 12M (TTM)$58.3Mtrailing 4 quarters sum

FCF Margin6.2%$79.8M ÷ revenue

3-Year CAGR-15.2%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ARRY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$101.8M(22M)$79.8M▼ 45.6%6.2%

FY2024$154.0M(7M)$146.7M▼ 31.8%16.0%

FY2023$232.0M(17M)$215.0M▲ +64.3%13.6%

FY2022$141.5M(11M)$130.9M▲ +149.1%8.0%

FY2021−$263.2M(3M)−$266.5M▼ 115.7%-31.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ARRY · P/FCF · FCF yield · FCF per share

Array Technologies, Inc. (ARRY) trades at a FCF yield of 4.68% and a price-to-free-cash-flow ratio of 21.3x. FCF per share stands at $0.38, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.68%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.38

TTM FCF ÷ Shares Outstanding

Price / FCF

x21.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x31.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ARRY · cash flow statement · operating / investing / financing

For FY2025, Array Technologies, Inc. generated $101.8M in operating cash flow and spent 22M in capital expenditures, yielding $79.8M in free cash flow.

Operating Activities

+$101.8M

Cash from core business operations

2025-12-31

Investing Activities

−$187.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$38.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($101.8M) − |CapEx| (22M) = FCF ($79.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

ARRY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Array Technologies, Inc.YOU

ARRY

$79.8M-45.6%6.2%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Array Technologies, Inc. (ARRY) reported free cash flow of $79.8M for FY2025 (fiscal year ending 2025-12-31), down 45.6% year-over-year. The FCF margin was 6.2%.

Based on available data, Array Technologies, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $384.4M in FY2019.

Array Technologies, Inc.'s FCF yield is 4.68% and price-to-FCF ratio is 21.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ARRY free cash flow · 8 questions

Array Technologies, Inc. free cash flow was $79.8M for FY2025, down 45.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $58.3M.

ARRY free cash flowARRY FCFARRY FCF 2025ARRY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Array Technologies, Inc. · Array Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026