Companies: 10,795·Total market cap: $144.5T
Array Technologies, Inc.

Array Technologies, Inc.

ARRYNASDAQEnergy● Active
$8.30
+$0.21(+2.53%)
Market Cap$1.3B
P/E Ratio—
52W High$12.23
52W Low$5.39
Overview

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

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

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
arry free cash flow history · arry free cash flow chart · arry free cash flow growth rate · arry free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$79.8M▼ 45.6%6.2%
FY2024$146.7M▼ 31.8%16.0%
FY2023$215.0M▲ +64.3%13.6%
FY2022$130.9M▲ +149.1%8.0%
FY2021−$266.5M▼ 115.7%-31.2%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
arry free cash flow 2025 · arry free cash flow 2024 · arry free cash flow 2023 · arry operating cash flow

FCF valuation metrics

Array Technologies, Inc. (ARRY) trades at a FCF yield of 4.61% and a price-to-free-cash-flow ratio of 21.8x. FCF per share stands at $0.38, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
4.61%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$0.38
TTM FCF ÷ Shares Outstanding
Price / FCF
x21.8
Share Price ÷ FCF per Share
EV / FCF (TTM)
x31.3
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
arry price to free cash flow · arry free cash flow yield · arry free cash flow per share · arry price to cash flow ratio

Cash flow statement summary

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 →
arry cash flow statement · arry cash flow statement 2025 · arry operating cash flow · arry cash flow from operations

Free cash flow vs peers (Energy)

#CompanyFree Cash FlowYoY
#1
Array Technologies, Inc.
Array Technologies, Inc.YOU
ARRY
$79.8M-45.6%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$23.61B-23.1%#3
Shell plc
Shell plc
SHEL
$21.82B-37.8%#4
Chevron Corporation
Chevron Corporation
CVX
$16.59B+10.3%#5
TotalEnergies SE
TotalEnergies SE
TTE
$10.81B-32.2%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$3.98B-29.8%
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 4.61% and price-to-FCF ratio is 21.8x 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.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/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