Array Technologies (Array Technologies) Gross Profit : $423 Mil (TTM As of Dec. 2023)

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What is Array Technologies Gross Profit?

Array Technologies's gross profit for the three months ended in Dec. 2023 was $84 Mil. Array Technologies's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $423 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Array Technologies's gross profit for the three months ended in Dec. 2023 was $84 Mil. Array Technologies's Revenue for the three months ended in Dec. 2023 was $342 Mil. Therefore, Array Technologies's Gross Margin % for the quarter that ended in Dec. 2023 was 24.66%.

Array Technologies had a gross margin of 24.66% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 6 years, the highest Gross Margin % of Array Technologies was 26.82%. The lowest was 3.97%. And the median was 18.12%.

Array Technologies Gross Profit Historical Data

The historical data trend for Array Technologies's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Array Technologies Gross Profit Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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150.76

202.80

68.30

212.72

415.55

Array Technologies Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															76.88	101.18	150.04	87.38	84.23

Competitive Comparison of Array Technologies's Gross Profit

For the Solar subindustry, Array Technologies's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Array Technologies's Gross Profit Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Array Technologies's Gross Profit distribution charts can be found below:

* The bar in red indicates where Array Technologies's Gross Profit falls into.

Array Technologies Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Array Technologies's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1576.551	-	1161
	=	416

Array Technologies's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	341.615	-	257.386
	=	84

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $423 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Array Technologies's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	84	/	341.615
	=	24.66 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Array Technologies (NAS:ARRY) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Array Technologies had a gross margin of 24.66% for the quarter that ended in Dec. 2023 => Competition eroding margins

Array Technologies Gross Profit Related Terms

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Array Technologies (Array Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (NAS:ARRY) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

9AY:Germany 9AY:Germany

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

Executives

Tyson Hottinger	officer: Chief Legal Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Nipul M. Patel	officer: Chief Financial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Neil Manning	officer: Chief Operations Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Thierry Marin-martinod	officer: Chief Technology Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Tracy C Jokinen	director	5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343
Kenneth R. Stacherski	officer: Chief Operations Officer	500 W MONROE, CHICAGO IL 60661
Gerrard Schmid	director	C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Terrance L Collins	officer: Chief Human Resources Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500, LINCOLNSHIRE IL 60069
Erica Brinker	officer: Chief Commercial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Kevin G. Hostetler	director, officer: Chief Executive Officer	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Paulo Almirante	director	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Travis Rose	officer: Chief Revenue Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Bilal Khan	director	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jayanthi Iyengar	director	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Ati Investment Parent, Llc	10 percent owner	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109