Array Technologies, Inc. (ARRY) Net Income CAGR:-41.32%(TTM)
Net income CAGR uses precomputed financial statement history.
Over longer horizons, Array Technologies, Inc.'s Net Income CAGR averages 6.68% over 3 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Net income CAGR shows how Array Technologies, Inc.'s bottom-line profitability has grown. This reflects the company's ability to convert revenue into profits after all expenses.
ARRY Net Income CAGR Chart
Array Technologies, Inc. (ARRY)
ARRY Quarterly Net Income Growth (YoY)
Net Income growth vs the same quarter one year earlier, last 11 quarters.
ARRY Net Income CAGR History
| Year | Start Net Income | End Net Income | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $-240.39M | $-52.23M | +$188.16M | N/A | N/A |
| 2024 | $137.24M | $-240.39M | $-377.63M | -275.16% | N/A |
| 2023 | $4.43M | $137.24M | +$132.81M | +2996.57% | +2996.57% |
| 2022 | $-50.40M | $4.43M | +$54.84M | N/A | N/A |
| 2021 | $59.07M | $-50.40M | $-109.48M | -185.32% | N/A |
| 2020 | $39.74M | $59.07M | +$19.33M | +48.63% | +48.63% |
| 2019 | $-60.76M | $39.74M | +$100.51M | N/A | N/A |
Quarterly Net Income: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $2.00M | — | -88.1% |
| Q4 2025 | -$145.75M | — | -14.8% |
| Q3 2025 | $33.50M | -22.6% | — |
| Q2 2025 | $43.26M | +158.3% | +68.3% |
| Q1 2025 | $16.75M | — | — |
| Q4 2024 | -$126.90M | +10.2% | — |
| Q3 2024 | -$141.35M | — | — |
| Q2 2024 | $25.70M | — | -60.6% |
| Q1 2024 | $2.17M | -90.6% | -92.7% |
| Q4 2023 | $23.09M | -0.1% | — |
| Q3 2023 | $23.10M | -64.6% | -43.2% |
| Q2 2023 | $65.17M | +119.9% | — |
| Q1 2023 | $29.64M | — | — |
| Q4 2022 | -$9.11M | — | +67.1% |
| Q3 2022 | $40.64M | — | — |
| Q2 2022 | -$5.02M | +80.6% | +8.9% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About Array Technologies, Inc.
Array Technologies, Inc. (ARRY) develops, manufactures, and provides solar tracking solutions and complementary products for customers both within the United States and internationally. A key offering is the DuraTrack HZ v3, a system designed for single-axis solar panel tracking. Additionally, the company offers SmarTrack, an intelligent software powered by machine learning that continuously determines the optimal alignment for solar arrays in real time to maximize energy output. This enterprise was established in 1989 and its corporate headquarters are situated in Albuquerque, New Mexico.
- Sector
- Energy
- Industry
- Solar
- CEO
- Kevin G. Hostetler