Array Technologies (FRA:9AY) FCF Margin %: -16.53% (As of Mar. 2026)


FRA:9AY Array Technologies Inc FRA:9AY
74 GF Score
Price €6.02
GF Value €8.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Array Technologies FCF Margin %?

Array Technologies FRA:9AY -3.22% 74 FCF Margin % is -16.53% as of Mar. 2026. GuruFocus rates FRA:9AY with a GF Score™ of 74/100 and a GF Value™ of €8.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,021 Semiconductors companies, Array Technologies ranks better than 62.29% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Array Technologies's Free Cash Flow for the three months ended in Mar. 2026 was €-32 Mil. Array Technologies's Revenue for the three months ended in Mar. 2026 was €193 Mil. Therefore, Array Technologies's FCF Margin % for the quarter that ended in Mar. 2026 was -16.53%.

As of today, Array Technologies's current FCF Yield % is 5.43%.

The historical rank and industry rank for Array Technologies's FCF Margin % or its related term are showing as below:

FRA:9AY' s FCF Margin % Range Over the Past 10 Years
Min: -31.24   Med: 7.11   Max: 59.33
Current: 4.81


During the past 8 years, the highest FCF Margin % of Array Technologies was 59.33%. The lowest was -31.24%. And the median was 7.11%.

FRA:9AY's FCF Margin % is ranked better than
62.29% of 1021 companies
in the Semiconductors industry
Industry Median: -0.76 vs FRA:9AY: 4.81


Array Technologies FCF Margin % Related Terms


Array Technologies FCF Margin % Historical Data

* Premium members only.

The historical data trend for Array Technologies's FCF Margin % 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.

Array Technologies FCF Margin % Chart

Array Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial -31.24 7.99 13.64 14.78 6.22

Array Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.10 10.27 5.55 16.00 -16.53

FRA:9AY vs CSIQ, JKS, SHLS: FCF Margin % Comparison

For the Solar subindustry, Array Technologies's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Array Technologies's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Array Technologies's FCF Margin % falls into.


FRA:9AY
74GF Score
Array Technologies Inc FRA:9AY
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Array Technologies FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Array Technologies's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=68.16/1096.656
=6.22 %

Array Technologies's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-31.946/193.251
=-16.53 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -16.53% mean?
Array Technologies (FRA:9AY) has a FCF Margin % of -16.53% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Array Technologies and its competitors. According to the industry distribution chart, Array Technologies ranks #385 out of 1021 companies in the Semiconductors industry, placing it in the top 37.7%.
Is Array Technologies' FCF Margin % too high?
Array Technologies' current FCF Margin % is -16.53%. Based on the distribution chart, Array Technologies ranks #385 out of 1021 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Array Technologies has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' FCF Margin % compare to CSIQ and JKS?
According to the Semiconductors industry distribution chart, Array Technologies ranks #385 out of 1021 companies for FCF Margin %. This puts Array Technologies in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Semiconductors company?
A good FCF Margin % depends on the Semiconductors industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Array Technologies and its competitors. Array Technologies's current FCF Margin % is -16.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (FRA:9AY) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.21, compared to a current price of €6.02 — trading 26.7% below its estimated fair value. The current FCF Margin % is -16.53%. Array Technologies' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Array Technologies (FRA:9AY), the current FCF Margin % is -16.53% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Array Technologies (FRA:9AY) Overvalued in 2026?

Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued. The current stock price of €6.02 is trading 26.7% below its estimated GF Value™ of €8.21. GuruFocus considers Array Technologies to be Modestly Undervalued.

Key valuation signals for FRA:9AY:

  • FCF Margin %: -16.53%
  • GF Value™: €8.21 vs. price of €6.02 (26.7% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the FRA:9AY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Array Technologies Business Description

Other Exchanges ARRY:USA9AY:Germany
Address 3901 Midway Place NE, Albuquerque, NM, USA, 87109
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.
74GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.02
Price
€8.21
GF Value