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Array Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for Array Technologies and similar public comparables like Shoals, Shikun & Binui Energy, Al-Babtain Power & Telecom, Bonheur and more.
Array Technologies Overview
About Array Technologies
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
Founded
2018
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$2B
Array Technologies Financials
Array Technologies reported last 12-month revenue of $1B and EBITDA of $195M.
In the same LTM period, Array Technologies generated $327M in gross profit, $195M in EBITDA, and had net loss of ($62M).
Revenue (LTM)
Array Technologies P&L
In the most recent fiscal year, Array Technologies reported revenue of $1B and EBITDA of $188M.
Array Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $327M | XXX | $299M | XXX | XXX | XXX |
| Gross Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $195M | XXX | $188M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | ($62M) | XXX | ($52M) | XXX | XXX | XXX |
| Net Margin | (5%) | XXX | (4%) | XXX | XXX | XXX |
| Net Debt | — | — | $425M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Array Technologies Stock Performance
Array Technologies has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Array Technologies' stock price is $7.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $-0.34 |
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Start Free TrialArray Technologies Valuation Multiples
Array Technologies trades at 1.6x EV/Revenue multiple, and 11.2x EV/EBITDA.
EV / Revenue (LTM)
Array Technologies Financial Valuation Multiples
As of April 19, 2026, Array Technologies has market cap of $1B and EV of $2B.
Equity research analysts estimate Array Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Array Technologies has a P/E ratio of (19.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 11.2x | XXX | 11.7x | XXX | XXX | XXX |
| EV/EBIT | 106.7x | XXX | 29.7x | XXX | XXX | XXX |
| EV/Gross Profit | 6.7x | XXX | 7.3x | XXX | XXX | XXX |
| P/E | (19.3x) | XXX | (22.9x) | XXX | XXX | XXX |
| EV/FCF | 24.3x | XXX | 27.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Array Technologies Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Array Technologies Margins & Growth Rates
Array Technologies' revenue in the last 12 month grew by 12%.
Array Technologies' revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.2M for the same period.
Array Technologies' rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Array Technologies' rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Array Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 18% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Array Technologies Public Comps
See public comps and valuation multiples for other Energy Equipment and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Array Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Shoals | XXX | XXX | XXX | XXX | XXX | XXX |
| Shikun & Binui Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Al-Babtain Power & Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| Bonheur | XXX | XXX | XXX | XXX | XXX | XXX |
| thyssenkrupp nucera | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Array Technologies M&A Activity
Array Technologies acquired XXX companies to date.
Last acquisition by Array Technologies was on XXXXXXXX, XXXXX. Array Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Array Technologies
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialArray Technologies Investment Activity
Array Technologies invested in XXX companies to date.
Array Technologies made its latest investment on XXXXXXXX, XXXXX. Array Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Array Technologies
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Array Technologies
| When was Array Technologies founded? | Array Technologies was founded in 2018. |
| Where is Array Technologies headquartered? | Array Technologies is headquartered in United States. |
| How many employees does Array Technologies have? | As of today, Array Technologies has over 1K employees. |
| Who is the CEO of Array Technologies? | Array Technologies' CEO is Kevin George Hostetler. |
| Is Array Technologies publicly listed? | Yes, Array Technologies is a public company listed on Nasdaq. |
| What is the stock symbol of Array Technologies? | Array Technologies trades under ARRY ticker. |
| When did Array Technologies go public? | Array Technologies went public in 2020. |
| Who are competitors of Array Technologies? | Array Technologies main competitors are Shoals, Shikun & Binui Energy, Al-Babtain Power & Telecom, Bonheur. |
| What is the current market cap of Array Technologies? | Array Technologies' current market cap is $1B. |
| What is the current revenue of Array Technologies? | Array Technologies' last 12 months revenue is $1B. |
| What is the current revenue growth of Array Technologies? | Array Technologies revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Array Technologies? | Current revenue multiple of Array Technologies is 1.6x. |
| Is Array Technologies profitable? | Yes, Array Technologies is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Array Technologies? | Array Technologies' last 12 months EBITDA is $195M. |
| What is Array Technologies' EBITDA margin? | Array Technologies' last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Array Technologies? | Current EBITDA multiple of Array Technologies is 11.2x. |
| What is the current FCF of Array Technologies? | Array Technologies' last 12 months FCF is $90M. |
| What is Array Technologies' FCF margin? | Array Technologies' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Array Technologies? | Current FCF multiple of Array Technologies is 24.3x. |
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