Company / Gross Margin
Array Technologies, Inc. Gross Margin History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
23.3%
FY2025
5-year range
23.2% / 32.5%
FY2021-FY2025
Trend
-28.5%
vs FY2024
Sector context
#133 of 186
Industrials
What the data says
At 23.3%, Array Technologies, Inc.'s gross margin ranks #133 of 186 in the Industrials sector. Gross Margin has fluctuated over the past 8 years, ranging from 4.0% in FY2020 to 32.5% in FY2024.
Based on SEC 10-K filings.
23.3% in FY2025 with a 5-year CAGR of +19.3%.
Declined from 26.4% to 23.3% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +0.0pp
- 5-Year Change
- +19.3pp
- 10-Year Change
- -
Sector benchmark
#133 of 186 in IndustrialsTop 72% of 186This company 23.3% Sector average 28.8%
▼
-19.2% below sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 28.5% year-over-year.
- Currently 5.5pp below the Industrials sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.76 (distress zone, below 1.8 threshold)
- Negative profit margin: -26.3%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 23.3% | -28.5% |
| FY2024 | 32.5% | +23.3% |
| FY2023 | 26.4% | +13.4% |
| FY2022 | 23.2% | -0.1% |
| FY2021 | 23.3% | +486.1% |
| FY2020 | 4.0% | -82.9% |
| FY2019 | 23.3% | +485.6% |
| FY2018 | 4.0% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026