Array Technologies, Inc.

ARRY

ARRYArray Technologies, Inc. US flag

NASDAQ Global Market

3.82

USD

-0.21

- -

587.00MMarket Cap

Profitability (USD)

Profitability Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	13.95	- -	- -	- -	44.61	- -	- -
Return on Assets (%)	- -	5.55	7.48	-5.6	0.31	8.04	-15.35	-3.63
Return on Capital (%)	- -	12.48	18.81	- -	- -	13.53	- -	- -
Return on Invested Capital (%)	- -	12.55	24.3	- -	- -	13.2	- -	- -
Gross Margin (%)	3.97	23.27	23.24	8	12.99	26.36	32.5	23.25
EBITDA Margin (%)	-11.55	17.19	17.09	0.46	4.79	17.25	16.79	9.42
Operating Margin (%)	-21.33	12.97	13.94	-2.58	-1.38	13.77	11.03	5.74
Incremental Operating Margin (%)	- -	40.91	16.73	- -	- -	-393.03	17.57	-7.41
Pretax Margin (%)	-27.75	9.97	8.91	-7.16	-0.3	11.24	-27.36	-2.28
Profit Margin (%)	-20.9	6.13	6.77	-5.91	0.27	8.71	-26.25	-4.07
Net Income to Common Margin (%)	-20.9	6.13	6.77	-7.75	-2.66	5.43	-32.33	-8.72
Effective Tax Rate (%)	- -	38.46	24.05	- -	- -	22.53	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	11.59	67.36	-60.42	18.8	53.37
Sustainable Growth Rate (%)	- -	13.95	- -	- -	- -	71.57	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	155	98	428	721	770	730	698	766
ST Debt	59	98	4	10	49	70	36	18
LT Debt	96	- -	424	711	720	661	662	748
Total Debt/EBITDA	-4.62	0.88	2.87	184.89	9.81	2.69	4.54	6.33
Net Debt/EBITDA	-3.4	-1.91	2.14	89.13	7.97	1.59	2.04	3.51
Total Debt/EBIT	-2.5	1.16	3.52	-32.72	-33.99	3.36	6.91	10.39
Net Debt/EBIT	-1.84	-2.53	2.63	-15.77	-27.61	2	3.11	5.76
EBITDA to Interest Expense	-1.76	5.92	9.86	0.11	2.14	6.15	4.42	4.43
EBITDA-CapEx/Interest Expense	-2.1	5.83	9.77	0.02	1.85	5.76	3.88	3.62
EBIT to Interest Expense	-3.26	4.47	8.04	-0.62	-0.62	4.91	2.9	2.7
Interest Expense	19	19	15	36	37	44	35	27
Common Equity/Total Assets	51.87	33.04	-12.33	-6.05	7.28	15.19	-8.28	-14.21
Long-Term Debt/Equity (%)	36.25	- -	- -	422.6	169.95	108.26	229.09	287.35
Long-Term Debt/Capital (%)	22.86	- -	122.05	79.94	60.36	49.29	67.05	72.88
Long-Term Debt/Total Assets (%)	18.8	- -	64.63	62.21	42.22	38.73	46.4	51.54
Total Debt/Equity (%)	58.62	32.03	-529.4	428.67	181.57	119.65	241.66	294.25
Total Debt/Capital (%)	36.96	24.26	123.29	81.08	64.49	54.47	70.73	74.64
Total Debt/Total Assets (%)	30.41	10.58	65.28	63.1	45.11	42.8	48.95	52.78
Net Debt to Equity	43.18	-69.64	-395.36	206.64	147.49	70.98	108.81	163.06
Net Debt/Capital (%)	30.16	-229.4	133.86	66.63	59	39.69	50.38	54.28
EBITDA	-34	111	149	4	78	272	154	121
EBITDA-CapEx	-40	110	148	1	68	255	135	99
Operating Income (Loss)	-62	84	122	-22	-23	217	101	74

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.3	0.53	0.38	1.5	0.29	0.74	0.83	0.65
Current Ratio	1.29	1.05	1.3	3.47	1.79	2.48	2.28	2.31
Quick Ratio	0.77	0.69	0.85	2.5	1.2	1.73	1.46	1.37
CFO/Avg Current Liab	- -	1.06	-0.28	-0.98	0.4	0.58	0.4	0.25
Common Equity/Total Assets	51.87	33.04	-12.33	-6.05	7.28	15.19	-8.28	-14.21
Long-Term Debt/Equity (%)	36.25	- -	- -	422.6	169.95	108.26	229.09	287.35
Long-Term Debt/Capital (%)	22.86	- -	122.05	79.94	60.36	49.29	67.05	72.88
Long-Term Debt/Total Assets (%)	18.8	- -	64.63	62.21	42.22	38.73	46.4	51.54
Total Debt/Equity (%)	58.62	32.03	-529.4	428.67	181.57	119.65	241.66	294.25
Total Debt/Capital (%)	36.96	24.26	123.29	81.08	64.49	54.47	70.73	74.64
Total Debt/Total Assets (%)	30.41	10.58	65.28	63.1	45.11	42.8	48.95	52.78
CFO/Total Liabilities	-4.78	62.43	-16.58	-27	11.04	21.16	13.54	8.54
CFO/CapEx	-1.82	227.5	-91.33	-78.4	13.32	13.65	8.29	4.63
Altman's Z-Score	0.7	1.52	7.21	2.56	3.16	4.34	1.78	2.12

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	8.77	8.12	4.81	4.98	4.19	3.01	4.69
Days Sales Outstanding	- -	41.63	44.95	75.86	73.24	87.21	121.16	77.8
Inventory Turnover	- -	4.89	5.03	4.84	6.49	5.88	3.41	5.61
Days Inventory Outstanding	- -	74.59	72.6	75.35	56.21	62.11	107.11	65.03
Accounts Payable Turnover	- -	7.13	5.81	9.86	11.07	7.52	4.5	5.91
Accounts Payable Turnover Days	- -	51.2	62.85	37.03	32.98	48.55	81.08	61.74
Cash Conversion Cycle	- -	65.02	54.71	114.18	96.47	100.76	147.19	81.09
Inventory to Cash Days	- -	-32.96	-27.65	0.51	17.04	25.1	14.05	12.77
Inventories	55	148	118	206	233	162	201	150
Raw Materials	7	63	39	85	67	87	61	48
Work In Process	- -	- -	- -	- -	- -	- -	- -	2
Finished Goods	52	90	86	128	167	75	140	101
Other Inventory	- -	- -	- -	- -	8	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	5,479	2,119	2,909	2,541	918	1,409
- Cash & Cash Equivalents	41	310	108	368	134	249	363	244
+ Preferred Equity and Hybrid Capital	- -	- -	- -	237	300	351	407	467
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	155	98	428	721	770	730	698	766
Enterprise Value	114	-213	5,798	2,710	3,845	3,374	1,660	2,397
Total Capital	420	403	347	890	1,193	1,341	987	1,027
Total Debt/Capital (%)	36.96	24.26	123.29	81.08	64.49	54.47	70.73	74.64
Total Debt / EV	1.36	-0.46	0.07	0.27	0.2	0.22	0.42	0.32
EV/Sales	0.39	- -	6.64	3.18	2.35	2.14	1.81	1.87
EV/EBITDA	- -	- -	38.88	694.6	49.03	12.41	10.79	19.81
EV/EBIT	- -	- -	47.66	- -	- -	15.54	16.43	32.51
EV/Cash Flow to Firm	43.72	- -	- -	- -	35.39	12.67	8.86	15.91
EV/Free Cash Flow to Firm	12.63	- -	- -	- -	32.23	11.91	8.06	13.89
Diluted Market Cap	- -	- -	5,242	2,039	2,896	2,554	917	1,406
Diluted Enterprise Value	114	-213	5,562	2,631	3,831	3,387	1,659	2,395
EV per Share	0.9	- -	45.66	20.07	25.54	22.31	10.92	15.69
TTM Sales	291	648	873	853	1,638	1,577	916	1,284
TTM EBITDA	-34	111	149	4	78	272	154	121
TTM Operating Income	-62	84	122	-22	-23	217	101	74
TTM Cash Flow to Firm	3	398	-111	-234	109	266	187	151
TTM Free Cash Flow to Firm	9	399	-109	-230	119	283	206	173

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-43.37	-7.85	19.04	10.26	5.31	11.36
EV/EBIT	- -	- -	47.66	- -	- -	15.54	16.43	32.51
Enterprise Value	114	-213	5,798	2,710	3,845	3,374	1,660	2,397
Low Price	- -	- -	29.05	12.72	5.45	13.34	5.15	3.76
EV/Sales	0.39	- -	6.64	3.18	2.35	2.14	1.81	1.87
EV/EBITDA	- -	- -	38.88	694.6	49.03	12.41	10.79	19.81
Price/Earnings	- -	- -	88.71	- -	- -	29.64	- -	- -
Price/Earnings Average	- -	- -	82.91	-47.42	-49.43	35.65	-5.24	-9.78
Price/Earnings High	- -	- -	104.85	-107.69	-83.25	47	-9.1	-14.26
Price/Earnings Low	- -	- -	59.73	-25.01	-18.72	23.54	-2.64	-5.12
Price/Book Value	- -	- -	-67.72	-30.61	23.41	9.8	-7.77	-6.83
Price/Book Value Average	- -	- -	-63.3	-47.06	17.43	11.79	-13.15	-5.32
Price/Book Value High	- -	- -	-80.04	-106.88	29.36	15.54	-22.85	-7.75
Price/Book Value Low	- -	- -	-45.6	-24.82	6.6	7.78	-6.63	-2.78
Price/Tangible Book Value	- -	- -	-15.7	-6.75	-4.29	-4.79	-2	-2.43
Price/Tangible Book Value Average	- -	- -	-14.68	-10.38	-3.19	-5.76	-3.38	-1.89
Price/Tangible Book Value High	- -	- -	-18.56	-23.58	-5.38	-7.59	-5.87	-2.76
Price/Tangible Book Value Low	- -	- -	-10.57	-5.48	-1.21	-3.8	-1.7	-0.99
Price/Sales	- -	- -	6	2.39	1.77	1.61	1	1.1
Price/Sales Average	- -	- -	5.61	3.67	1.32	1.93	1.69	0.85
Price/Sales High	- -	- -	7.1	8.34	2.22	2.55	2.94	1.24
Price/Sales Low	- -	- -	4.04	1.94	0.5	1.28	0.85	0.45
Price/Cash Flow	- -	- -	-42.88	-7.75	20.47	10.93	5.95	13.82
Price/Cash Flow Average	- -	- -	-40.08	-11.91	15.24	13.15	10.07	10.77
Price/Cash Flow High	- -	- -	-50.68	-27.05	25.67	17.34	17.5	15.69
Price/Cash Flow Low	- -	- -	-28.87	-6.28	5.77	8.68	5.08	5.63
Price/Free Cash Flow Average	- -	- -	-40.54	-12.07	14.18	12.34	8.99	8.86
Price/Free Cash Flow High	- -	- -	-51.26	-27.4	23.87	16.27	15.62	12.9
Price/Free Cash Flow Low	- -	- -	-29.21	-6.36	5.37	8.15	4.53	4.63
EV/Sales Average	0.39	- -	6.23	4.51	1.89	2.47	2.51	1.62
EV/Sales High	0.39	- -	7.79	9.36	2.8	3.08	3.76	2.02
EV/Sales Low	0.39	- -	4.59	2.71	1.07	1.81	1.66	1.22
EV/EBITDA Average	-3.4	-1.91	36.48	986.33	39.55	14.3	14.92	17.24
EV/EBITDA High	-3.4	-1.91	45.57	2,047.64	58.45	17.88	22.37	21.38
EV/EBITDA Low	-3.4	-1.91	26.88	591.8	22.39	10.48	9.91	12.91
EV/EBIT Average	-1.84	-2.53	44.72	-174.54	-136.99	17.91	22.72	28.29
EV/EBIT High	-1.84	-2.53	55.86	-362.34	-202.46	22.4	34.06	35.1
EV/EBIT Low	-1.84	-2.53	32.95	-104.72	-77.54	13.13	15.09	21.2
Last Price	- -	- -	43.14	15.69	19.33	16.8	6.04	9.22
High Price	- -	- -	50.99	54.78	24.24	26.64	17.76	10.47
Enterprise Value Average	114	-213	5,440	3,848	3,101	3,888	2,295	2,086
Enterprise Value High	114	-213	6,795	7,988	4,584	4,862	3,441	2,588
Enterprise Value Low	114	-213	4,009	2,309	1,756	2,850	1,525	1,563

Profitability (USD)

Profitability Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	13.95	- -	- -	- -	44.61	- -	- -
Return on Assets (%)	- -	5.55	7.48	-5.6	0.31	8.04	-15.35	-3.63
Return on Capital (%)	- -	12.48	18.81	- -	- -	13.53	- -	- -
Return on Invested Capital (%)	- -	12.55	24.3	- -	- -	13.2	- -	- -
Gross Margin (%)	3.97	23.27	23.24	8	12.99	26.36	32.5	23.25
EBITDA Margin (%)	-11.55	17.19	17.09	0.46	4.79	17.25	16.79	9.42
Operating Margin (%)	-21.33	12.97	13.94	-2.58	-1.38	13.77	11.03	5.74
Incremental Operating Margin (%)	- -	40.91	16.73	- -	- -	-393.03	17.57	-7.41
Pretax Margin (%)	-27.75	9.97	8.91	-7.16	-0.3	11.24	-27.36	-2.28
Profit Margin (%)	-20.9	6.13	6.77	-5.91	0.27	8.71	-26.25	-4.07
Net Income to Common Margin (%)	-20.9	6.13	6.77	-7.75	-2.66	5.43	-32.33	-8.72
Effective Tax Rate (%)	- -	38.46	24.05	- -	- -	22.53	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	11.59	67.36	-60.42	18.8	53.37
Sustainable Growth Rate (%)	- -	13.95	- -	- -	- -	71.57	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	155	98	428	721	770	730	698	766
ST Debt	59	98	4	10	49	70	36	18
LT Debt	96	- -	424	711	720	661	662	748
Total Debt/EBITDA	-4.62	0.88	2.87	184.89	9.81	2.69	4.54	6.33
Net Debt/EBITDA	-3.4	-1.91	2.14	89.13	7.97	1.59	2.04	3.51
Total Debt/EBIT	-2.5	1.16	3.52	-32.72	-33.99	3.36	6.91	10.39
Net Debt/EBIT	-1.84	-2.53	2.63	-15.77	-27.61	2	3.11	5.76
EBITDA to Interest Expense	-1.76	5.92	9.86	0.11	2.14	6.15	4.42	4.43
EBITDA-CapEx/Interest Expense	-2.1	5.83	9.77	0.02	1.85	5.76	3.88	3.62
EBIT to Interest Expense	-3.26	4.47	8.04	-0.62	-0.62	4.91	2.9	2.7
Interest Expense	19	19	15	36	37	44	35	27
Common Equity/Total Assets	51.87	33.04	-12.33	-6.05	7.28	15.19	-8.28	-14.21
Long-Term Debt/Equity (%)	36.25	- -	- -	422.6	169.95	108.26	229.09	287.35
Long-Term Debt/Capital (%)	22.86	- -	122.05	79.94	60.36	49.29	67.05	72.88
Long-Term Debt/Total Assets (%)	18.8	- -	64.63	62.21	42.22	38.73	46.4	51.54
Total Debt/Equity (%)	58.62	32.03	-529.4	428.67	181.57	119.65	241.66	294.25
Total Debt/Capital (%)	36.96	24.26	123.29	81.08	64.49	54.47	70.73	74.64
Total Debt/Total Assets (%)	30.41	10.58	65.28	63.1	45.11	42.8	48.95	52.78
Net Debt to Equity	43.18	-69.64	-395.36	206.64	147.49	70.98	108.81	163.06
Net Debt/Capital (%)	30.16	-229.4	133.86	66.63	59	39.69	50.38	54.28
EBITDA	-34	111	149	4	78	272	154	121
EBITDA-CapEx	-40	110	148	1	68	255	135	99
Operating Income (Loss)	-62	84	122	-22	-23	217	101	74

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.3	0.53	0.38	1.5	0.29	0.74	0.83	0.65
Current Ratio	1.29	1.05	1.3	3.47	1.79	2.48	2.28	2.31
Quick Ratio	0.77	0.69	0.85	2.5	1.2	1.73	1.46	1.37
CFO/Avg Current Liab	- -	1.06	-0.28	-0.98	0.4	0.58	0.4	0.25
Common Equity/Total Assets	51.87	33.04	-12.33	-6.05	7.28	15.19	-8.28	-14.21
Long-Term Debt/Equity (%)	36.25	- -	- -	422.6	169.95	108.26	229.09	287.35
Long-Term Debt/Capital (%)	22.86	- -	122.05	79.94	60.36	49.29	67.05	72.88
Long-Term Debt/Total Assets (%)	18.8	- -	64.63	62.21	42.22	38.73	46.4	51.54
Total Debt/Equity (%)	58.62	32.03	-529.4	428.67	181.57	119.65	241.66	294.25
Total Debt/Capital (%)	36.96	24.26	123.29	81.08	64.49	54.47	70.73	74.64
Total Debt/Total Assets (%)	30.41	10.58	65.28	63.1	45.11	42.8	48.95	52.78
CFO/Total Liabilities	-4.78	62.43	-16.58	-27	11.04	21.16	13.54	8.54
CFO/CapEx	-1.82	227.5	-91.33	-78.4	13.32	13.65	8.29	4.63
Altman's Z-Score	0.7	1.52	7.21	2.56	3.16	4.34	1.78	2.12

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	8.77	8.12	4.81	4.98	4.19	3.01	4.69
Days Sales Outstanding	- -	41.63	44.95	75.86	73.24	87.21	121.16	77.8
Inventory Turnover	- -	4.89	5.03	4.84	6.49	5.88	3.41	5.61
Days Inventory Outstanding	- -	74.59	72.6	75.35	56.21	62.11	107.11	65.03
Accounts Payable Turnover	- -	7.13	5.81	9.86	11.07	7.52	4.5	5.91
Accounts Payable Turnover Days	- -	51.2	62.85	37.03	32.98	48.55	81.08	61.74
Cash Conversion Cycle	- -	65.02	54.71	114.18	96.47	100.76	147.19	81.09
Inventory to Cash Days	- -	-32.96	-27.65	0.51	17.04	25.1	14.05	12.77
Inventories	55	148	118	206	233	162	201	150
Raw Materials	7	63	39	85	67	87	61	48
Work In Process	- -	- -	- -	- -	- -	- -	- -	2
Finished Goods	52	90	86	128	167	75	140	101
Other Inventory	- -	- -	- -	- -	8	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	5,479	2,119	2,909	2,541	918	1,409
- Cash & Cash Equivalents	41	310	108	368	134	249	363	244
+ Preferred Equity and Hybrid Capital	- -	- -	- -	237	300	351	407	467
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	155	98	428	721	770	730	698	766
Enterprise Value	114	-213	5,798	2,710	3,845	3,374	1,660	2,397
Total Capital	420	403	347	890	1,193	1,341	987	1,027
Total Debt/Capital (%)	36.96	24.26	123.29	81.08	64.49	54.47	70.73	74.64
Total Debt / EV	1.36	-0.46	0.07	0.27	0.2	0.22	0.42	0.32
EV/Sales	0.39	- -	6.64	3.18	2.35	2.14	1.81	1.87
EV/EBITDA	- -	- -	38.88	694.6	49.03	12.41	10.79	19.81
EV/EBIT	- -	- -	47.66	- -	- -	15.54	16.43	32.51
EV/Cash Flow to Firm	43.72	- -	- -	- -	35.39	12.67	8.86	15.91
EV/Free Cash Flow to Firm	12.63	- -	- -	- -	32.23	11.91	8.06	13.89
Diluted Market Cap	- -	- -	5,242	2,039	2,896	2,554	917	1,406
Diluted Enterprise Value	114	-213	5,562	2,631	3,831	3,387	1,659	2,395
EV per Share	0.9	- -	45.66	20.07	25.54	22.31	10.92	15.69
TTM Sales	291	648	873	853	1,638	1,577	916	1,284
TTM EBITDA	-34	111	149	4	78	272	154	121
TTM Operating Income	-62	84	122	-22	-23	217	101	74
TTM Cash Flow to Firm	3	398	-111	-234	109	266	187	151
TTM Free Cash Flow to Firm	9	399	-109	-230	119	283	206	173

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-43.37	-7.85	19.04	10.26	5.31	11.36
EV/EBIT	- -	- -	47.66	- -	- -	15.54	16.43	32.51
Enterprise Value	114	-213	5,798	2,710	3,845	3,374	1,660	2,397
Low Price	- -	- -	29.05	12.72	5.45	13.34	5.15	3.76
EV/Sales	0.39	- -	6.64	3.18	2.35	2.14	1.81	1.87
EV/EBITDA	- -	- -	38.88	694.6	49.03	12.41	10.79	19.81
Price/Earnings	- -	- -	88.71	- -	- -	29.64	- -	- -
Price/Earnings Average	- -	- -	82.91	-47.42	-49.43	35.65	-5.24	-9.78
Price/Earnings High	- -	- -	104.85	-107.69	-83.25	47	-9.1	-14.26
Price/Earnings Low	- -	- -	59.73	-25.01	-18.72	23.54	-2.64	-5.12
Price/Book Value	- -	- -	-67.72	-30.61	23.41	9.8	-7.77	-6.83
Price/Book Value Average	- -	- -	-63.3	-47.06	17.43	11.79	-13.15	-5.32
Price/Book Value High	- -	- -	-80.04	-106.88	29.36	15.54	-22.85	-7.75
Price/Book Value Low	- -	- -	-45.6	-24.82	6.6	7.78	-6.63	-2.78
Price/Tangible Book Value	- -	- -	-15.7	-6.75	-4.29	-4.79	-2	-2.43
Price/Tangible Book Value Average	- -	- -	-14.68	-10.38	-3.19	-5.76	-3.38	-1.89
Price/Tangible Book Value High	- -	- -	-18.56	-23.58	-5.38	-7.59	-5.87	-2.76
Price/Tangible Book Value Low	- -	- -	-10.57	-5.48	-1.21	-3.8	-1.7	-0.99
Price/Sales	- -	- -	6	2.39	1.77	1.61	1	1.1
Price/Sales Average	- -	- -	5.61	3.67	1.32	1.93	1.69	0.85
Price/Sales High	- -	- -	7.1	8.34	2.22	2.55	2.94	1.24
Price/Sales Low	- -	- -	4.04	1.94	0.5	1.28	0.85	0.45
Price/Cash Flow	- -	- -	-42.88	-7.75	20.47	10.93	5.95	13.82
Price/Cash Flow Average	- -	- -	-40.08	-11.91	15.24	13.15	10.07	10.77
Price/Cash Flow High	- -	- -	-50.68	-27.05	25.67	17.34	17.5	15.69
Price/Cash Flow Low	- -	- -	-28.87	-6.28	5.77	8.68	5.08	5.63
Price/Free Cash Flow Average	- -	- -	-40.54	-12.07	14.18	12.34	8.99	8.86
Price/Free Cash Flow High	- -	- -	-51.26	-27.4	23.87	16.27	15.62	12.9
Price/Free Cash Flow Low	- -	- -	-29.21	-6.36	5.37	8.15	4.53	4.63
EV/Sales Average	0.39	- -	6.23	4.51	1.89	2.47	2.51	1.62
EV/Sales High	0.39	- -	7.79	9.36	2.8	3.08	3.76	2.02
EV/Sales Low	0.39	- -	4.59	2.71	1.07	1.81	1.66	1.22
EV/EBITDA Average	-3.4	-1.91	36.48	986.33	39.55	14.3	14.92	17.24
EV/EBITDA High	-3.4	-1.91	45.57	2,047.64	58.45	17.88	22.37	21.38
EV/EBITDA Low	-3.4	-1.91	26.88	591.8	22.39	10.48	9.91	12.91
EV/EBIT Average	-1.84	-2.53	44.72	-174.54	-136.99	17.91	22.72	28.29
EV/EBIT High	-1.84	-2.53	55.86	-362.34	-202.46	22.4	34.06	35.1
EV/EBIT Low	-1.84	-2.53	32.95	-104.72	-77.54	13.13	15.09	21.2
Last Price	- -	- -	43.14	15.69	19.33	16.8	6.04	9.22
High Price	- -	- -	50.99	54.78	24.24	26.64	17.76	10.47
Enterprise Value Average	114	-213	5,440	3,848	3,101	3,888	2,295	2,086
Enterprise Value High	114	-213	6,795	7,988	4,584	4,862	3,441	2,588
Enterprise Value Low	114	-213	4,009	2,309	1,756	2,850	1,525	1,563

Shares Outstanding	127	127	127	135	151	151	152	153
Diluted Weighted Avg Shares	127	120	122	130	150	152	152	153
Basic Weighted Avg Shares	127	120	121	130	150	151	152	153
Revenue per Share	2.29	5.4	7.18	6.56	10.93	10.44	6.03	8.42
EBITDA per Share	-0.26	0.93	1.23	0.03	0.52	1.8	1.01	0.79
Operating Income per Share	-0.49	0.7	1	-0.17	-0.15	1.44	0.67	0.48
Basic EPS, GAAP	-0.48	0.33	0.49	-0.51	-0.29	0.57	-1.95	-0.73
Basic EPS from Cont Ops	-0.48	0.33	0.49	-0.39	0.03	0.91	-1.58	-0.34
Diluted EPS, GAAP	-0.48	0.33	0.49	-0.51	-0.29	0.56	-1.95	-0.73
Diluted EPS from Cont Ops	-0.48	0.33	0.49	-0.39	0.03	0.9	-1.58	-0.34
Dividend per Share	- -	- -	- -	0.06	0.12	- -	- -	- -
Cash Flow per Share	-0.09	3.22	-1.01	-2.02	0.94	1.54	1.01	0.67
Free Cash Flow per Basic Share	-0.14	3.2	-1.02	-2.05	0.87	1.42	0.89	0.52
Cash & Equivalents per Share	0.32	2.44	0.85	2.72	0.89	1.65	2.39	1.6
Book Value per Share	2.08	2.4	-0.64	-0.51	0.83	1.71	-0.78	-1.35
Tangible Book Value per Share	-0.43	0.09	-2.75	-2.32	-4.51	-3.51	-3.03	-3.8

Array Technologies, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)