Pricing Log in Create free account

Array Technologies, Inc. (ARRY) vs First Solar, Inc. (FSLR)

Array Technologies, Inc. and First Solar, Inc. are both Solar companies. First Solar, Inc. is the larger, with a market value of $21.0B against $816.2M — 25.8× the size. Array Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; First Solar, Inc. trades at 11.4×. Array Technologies, Inc. grew revenue faster over the last twelve months: 1.18% against −0.72%. First Solar, Inc. has the higher net margin (37.1% vs −12.5%) and the higher return on invested capital (12.6% vs −25.6%). Across the 20 metrics below, First Solar, Inc. leads on 11 and Array Technologies, Inc. on 9.

Valuation

Metric ARRY FSLR Solar median
P/E n/m 11.37 11.37
P/S 0.68 4.22 0.60
P/B n/m 1.95 0.90
Price to free cash flow 6.02 90.94 15.06
EV/EBITDA 11.24 8.01 10.71
EV/Sales 0.99 3.97 0.85
Earnings yield (18.60%) 8.80% (16.54%)
Free cash flow yield 16.62% 1.10% (1.15%)

Profitability

Metric ARRY FSLR Solar median
Gross margin 24.27% 49.25% 28.56%
Operating margin (5.13%) 37.69% (7.89%)
Net margin (12.48%) 37.12% (7.34%)
Free cash flow margin 11.37% 4.64% (1.48%)
Return on equity 108.38% 18.71% 7.14%
Return on assets (9.62%) 13.55% (3.25%)
Return on invested capital (25.60%) 12.61% (4.96%)

Growth

Metric ARRY FSLR Solar median
Revenue growth (TTM) 1.18% (0.72%) 10.49%
EPS growth (last fiscal year) 62.56% 18.22% 51.53%
Revenue growth, 5-year CAGR 8.03% 14.00% 13.86%
Net income growth, 5-year CAGR 0.00% 30.85% 0.00%

Health

Metric ARRY FSLR Solar median
Debt to equity (3.25) 0.01 0.01
Current ratio 2.20 2.57 1.50
Net debt to EBITDA 3.36 (1.11) 0.19

Dividend

Metric ARRY FSLR Solar median
Dividend yield — — —
Payout ratio — — —

Size

Metric ARRY FSLR Solar median
Market cap 816.24m 21.04b 76.52m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack