Array Technologies Inc Net Assets
Array Technologies Inc 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 how fast is Array Technologies Inc growing its equity to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Array Technologies Inc (2001–2024)
Net assets of Array Technologies Inc from 2001 to 2024. This chart illustrates how Array Technologies Inc's net assets have evolved over time, based on quarterly financial data. See Array Technologies Inc (ARRY) net asset quality to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see Array Technologies Inc (ARRY) total market value.
| 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.
Array Technologies Inc Net Assets Breakdown (December 2024)
Array Technologies Inc net assets breakdown by equity component as of 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 |
|---|---|
|
Nanjing Railway New Technology Co.Ltd.
SHE:301016
|
$517.87 Million |
|
Shenzhen Rayitek Hi-Tech Film Co. Ltd. A
SHG:688323
|
$517.87 Million |
|
Assure Tech Hangzhou Co Ltd
SHG:688075
|
$517.90 Million |
|
Potbelly Co
NASDAQ:PBPB
|
$517.96 Million |
|
Hankuk Carbon
KO:017960
|
$517.81 Million |
|
W&T Offshore Inc
NYSE:WTI
|
$517.73 Million |
|
Jiangsu Tongli Risheng Machinery Co. Ltd.
SHG:605286
|
$517.73 Million |
|
Zhejiang Tieliu Clutch Co Ltd
SHG:603926
|
$517.60 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: 1.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.35x to 1.78x 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 | $3.39 | x |
| 2005-12-31 | $2.92 | $3.39 | x |
| 2006-12-31 | $1.77 | $3.39 | x |
| 2007-12-31 | $2.65 | $3.39 | x |
| 2008-12-31 | $0.80 | $3.39 | x |
| 2009-12-31 | $-1.54 | $3.39 | x |
| 2010-12-31 | $-2.32 | $3.39 | x |
| 2011-12-31 | $-2.36 | $3.39 | x |
| 2012-12-31 | $-1.22 | $3.39 | x |
| 2013-12-31 | $-0.16 | $3.39 | x |
| 2014-12-31 | $-0.19 | $3.39 | x |
| 2015-12-31 | $0.30 | $3.39 | x |
| 2016-12-31 | $-0.27 | $3.39 | x |
| 2017-12-31 | $0.07 | $3.39 | x |
| 2018-12-31 | $2.08 | $3.39 | x |
| 2019-12-31 | $2.40 | $3.39 | x |
| 2020-12-31 | $-0.64 | $3.39 | x |
| 2021-12-31 | $1.29 | $3.39 | x |
| 2022-12-31 | $2.83 | $3.39 | x |
| 2023-12-31 | $4.02 | $3.39 | x |
| 2024-12-31 | $1.90 | $3.39 | 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: $4,909,179,186
- Average return on equity (ROE) among peers: -6.34%
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 | $517.81 Million |
| Ascent Solar Technologies, Inc. (ASTI) | $154.32 Million | -13.56% | 0.12x | $15.41 Million |
| Beam Global (BEEM) | $-20.21K | 0.00% | 0.00x | $16.39 Million |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $620.16 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-76.81 Million | 0.00% | 0.00x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $483.99 Million | 27.69% | 1.48x | $3.38 Billion |
| First Solar Inc (FSLR) | $5.84 Billion | -0.76% | 0.41x | $18.74 Billion |
| FTC Solar Inc (FTCI) | $62.47 Million | -80.50% | 0.97x | $22.80 Million |
| iSun, Inc. (ISUNQ) | $38.67 Million | -1.12% | 0.05x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $33.53 Billion | 10.28% | 3.05x | $445.76 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