Array Technologies Inc (ARRY) - Net Assets
Based on the latest financial reports, Array Technologies Inc (ARRY) has net assets worth $404.59 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.61 Billion) and total liabilities ($1.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Array Technologies Inc for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $404.59 Million |
| % of Total Assets | 25.11% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | 577.17% |
| Growth Volatility | 667.27 |
Array Technologies Inc - Net Assets Trend (2001–2024)
This chart illustrates how Array Technologies Inc's net assets have evolved over time, based on quarterly financial data. Check ARRY goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Array Technologies Inc (2001–2024)
The table below shows the annual net assets of Array Technologies Inc from 2001 to 2024. For live valuation and market cap data, see how much is Array Technologies Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $288.83 Million | -52.69% |
| 2023-12-31 | $610.51 Million | +44.04% |
| 2022-12-31 | $423.85 Million | +151.91% |
| 2021-12-31 | $168.26 Million | +307.98% |
| 2020-12-31 | $-80.90 Million | -126.51% |
| 2019-12-31 | $305.15 Million | +15.38% |
| 2018-12-31 | $264.47 Million | +2155.26% |
| 2017-12-31 | $11.73 Million | +130.92% |
| 2016-12-31 | $-37.93 Million | -188.93% |
| 2015-12-31 | $42.65 Million | +265.83% |
| 2014-12-31 | $-25.72 Million | -17.40% |
| 2013-12-31 | $-21.91 Million | +74.47% |
| 2012-12-31 | $-85.81 Million | +34.80% |
| 2011-12-31 | $-131.61 Million | +15.66% |
| 2010-12-31 | $-156.04 Million | -128.39% |
| 2009-12-31 | $-68.32 Million | -141.26% |
| 2008-12-31 | $-28.32 Million | -126.29% |
| 2007-12-31 | $107.70 Million | -99.84% |
| 2006-12-31 | $68.64 Billion | -40.59% |
| 2005-12-31 | $115.55 Billion | -- |
| 2004-12-31 | $0.00 | -- |
| 2003-12-31 | $0.00 | -- |
| 2002-12-31 | $0.00 | -- |
| 2001-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Array Technologies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 37062400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $151.00K | 0.05% |
| Other Comprehensive Income | $-45.40 Million | -15.72% |
| Other Components | $704.71 Million | 243.98% |
| Total Equity | $288.83 Million | 100.00% |
Array Technologies Inc Competitors by Market Cap
The table below lists competitors of Array Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oppenheimer Holdings Inc
NYSE:OPY
|
$908.89 Million |
|
MeiraGTx Holdings PLC
NASDAQ:MGTX
|
$909.07 Million |
|
Orient Semiconductor Electronics Ltd
TW:2329
|
$909.31 Million |
|
Jiangsu General Science Tech
SHG:601500
|
$909.34 Million |
|
Amplitude Inc
NASDAQ:AMPL
|
$908.42 Million |
|
Huafu Top Dyed Melange Yarn Co Ltd
SHE:002042
|
$908.35 Million |
|
Hainan Haiyao Co Ltd
SHE:000566
|
$907.46 Million |
|
Koza Anadolu Metal Madencilik Isletmeleri AS
IS:KOZAA
|
$907.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Array Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 610,508,000 to 288,835,000, a change of -321,673,000 (-52.7%).
- Net loss of 240,394,000 reduced equity.
- Share repurchases of 1,752,000 reduced equity.
- Other comprehensive income decreased equity by 90,213,000.
- Other factors increased equity by 10,686,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-240.39 Million | -83.23% |
| Share Repurchases | $1.75 Million | -0.61% |
| Other Comprehensive Income | $-90.21 Million | -31.23% |
| Other Changes | $10.69 Million | +3.7% |
| Total Change | $- | -52.69% |
Book Value vs Market Value Analysis
This analysis compares Array Technologies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.61x to 3.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $9.76 | $5.95 | x |
| 2005-12-31 | $2.92 | $5.95 | x |
| 2006-12-31 | $1.77 | $5.95 | x |
| 2007-12-31 | $2.65 | $5.95 | x |
| 2008-12-31 | $0.80 | $5.95 | x |
| 2009-12-31 | $-1.54 | $5.95 | x |
| 2010-12-31 | $-2.32 | $5.95 | x |
| 2011-12-31 | $-2.36 | $5.95 | x |
| 2012-12-31 | $-1.22 | $5.95 | x |
| 2013-12-31 | $-0.16 | $5.95 | x |
| 2014-12-31 | $-0.19 | $5.95 | x |
| 2015-12-31 | $0.30 | $5.95 | x |
| 2016-12-31 | $-0.27 | $5.95 | x |
| 2017-12-31 | $0.07 | $5.95 | x |
| 2018-12-31 | $2.08 | $5.95 | x |
| 2019-12-31 | $2.40 | $5.95 | x |
| 2020-12-31 | $-0.64 | $5.95 | x |
| 2021-12-31 | $1.29 | $5.95 | x |
| 2022-12-31 | $2.83 | $5.95 | x |
| 2023-12-31 | $4.02 | $5.95 | x |
| 2024-12-31 | $1.90 | $5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Array Technologies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -83.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.25%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 4.94x
- Recent ROE (-83.23%) is below the historical average (-78.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -45.85% | -73.22% | 0.45x | 1.40x | $-31.07 Billion |
| 2005 | -23.38% | -51.08% | 0.36x | 1.29x | $-33.19 Billion |
| 2006 | -58.69% | -89.51% | 0.44x | 1.49x | $-47.15 Billion |
| 2007 | -52.39% | -152.61% | 0.21x | 1.62x | $-67.19 Million |
| 2008 | -258.43% | -341.13% | 0.46x | 1.64x | $-102.08 Million |
| 2009 | 0.00% | -552.91% | 0.50x | 0.00x | $-130.76 Million |
| 2010 | 0.00% | -173.31% | 1.29x | 0.00x | $-81.71 Million |
| 2011 | 0.00% | -99.90% | 3.82x | 0.00x | $-58.75 Million |
| 2012 | 0.00% | -41.35% | 0.79x | 0.00x | $-26.62 Million |
| 2013 | 0.00% | -105.20% | 0.51x | 0.00x | $-71.01 Million |
| 2014 | 0.00% | -225.71% | 0.30x | 0.00x | $-92.40 Million |
| 2015 | -2.06% | -1.69% | 0.26x | 4.65x | $-5.14 Million |
| 2016 | 0.00% | -75.22% | 0.82x | 0.00x | $-99.92 Million |
| 2017 | -1101.16% | -85.60% | 0.54x | 23.80x | $-130.31 Million |
| 2018 | -22.98% | -20.90% | 0.57x | 1.93x | $-87.21 Million |
| 2019 | 13.02% | 6.13% | 0.70x | 3.03x | $9.23 Million |
| 2020 | 0.00% | 6.77% | 1.33x | 0.00x | $67.16 Million |
| 2021 | -29.96% | -5.91% | 0.75x | 6.79x | $-67.23 Million |
| 2022 | 1.05% | 0.27% | 0.96x | 4.03x | $-37.95 Million |
| 2023 | 22.48% | 8.71% | 0.92x | 2.80x | $76.19 Million |
| 2024 | -83.23% | -26.25% | 0.64x | 4.94x | $-269.28 Million |
Industry Comparison
This section compares Array Technologies Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $379,300,571
- Average return on equity (ROE) among peers: -3279.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Array Technologies Inc (ARRY) | $404.59 Million | -45.85% | 2.98x | $908.85 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $-2.83 Million | 0.00% | 0.00x | $29.45 Million |
| Beam Global (BEEM) | $-3.56 Million | 0.00% | 0.00x | $19.41 Million |
| Canadian Solar Inc (CSIQ) | $332.16 Million | -2.83% | 0.72x | $1.02 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $19.51K | -29129.50% | 5.55x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $13.63 Million | -124.20% | 0.54x | $4.80 Billion |
| First Solar Inc (FSLR) | $13.13 Million | -49.22% | 6.76x | $22.06 Billion |
| FTC Solar Inc (FTCI) | $142.87 Million | -74.61% | 0.70x | $61.62 Million |
| iSun, Inc. (ISUNQ) | $13.12 Million | -148.00% | 4.08x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $2.91 Billion | 9.41% | 2.16x | $869.31 Million |
About Array Technologies Inc
Array Technologies, Inc. manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. The company operates through two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltai… Read more