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Side-by-side financial comparison of Array Technologies, Inc. (ARRY) and ATI INC (ATI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
ATI INC is the larger business by last-quarter revenue ($1.2B vs $226.0M, roughly 5.2× Array Technologies, Inc.). On growth, ATI INC posted the faster year-over-year revenue change (0.4% vs -17.9%). ATI INC produced more free cash flow last quarter ($223.1M vs $36.2M). Over the past eight quarters, Array Technologies, Inc.'s revenue compounded faster (21.4% CAGR vs 6.2%).
ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...
ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...
ARRY vs ATI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $226.0M | $1.2B |
| Net Profit | — | $96.6M |
| Gross Margin | 8.6% | 23.2% |
| Operating Margin | -65.5% | 14.5% |
| Net Margin | — | 8.2% |
| Revenue YoY | -17.9% | 0.4% |
| Net Profit YoY | — | -29.5% |
| EPS (diluted) | $-1.06 | $0.70 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $226.0M | $1.2B | ||
| Q3 25 | $393.5M | $1.1B | ||
| Q2 25 | $362.2M | $1.1B | ||
| Q1 25 | $302.4M | $1.1B | ||
| Q4 24 | $275.2M | $1.2B | ||
| Q3 24 | $231.4M | $1.1B | ||
| Q2 24 | $255.8M | $1.1B | ||
| Q1 24 | $153.4M | $1.0B |
| Q4 25 | — | $96.6M | ||
| Q3 25 | $33.5M | $110.0M | ||
| Q2 25 | $43.3M | $100.7M | ||
| Q1 25 | $16.7M | $97.0M | ||
| Q4 24 | — | $137.1M | ||
| Q3 24 | $-141.4M | $82.7M | ||
| Q2 24 | $25.7M | $81.9M | ||
| Q1 24 | $2.2M | $66.1M |
| Q4 25 | 8.6% | 23.2% | ||
| Q3 25 | 26.9% | 22.7% | ||
| Q2 25 | 26.8% | 21.3% | ||
| Q1 25 | 25.3% | 20.6% | ||
| Q4 24 | 28.5% | 21.2% | ||
| Q3 24 | 33.8% | 21.4% | ||
| Q2 24 | 33.6% | 20.8% | ||
| Q1 24 | 35.9% | 18.9% |
| Q4 25 | -65.5% | 14.5% | ||
| Q3 25 | 11.6% | 14.4% | ||
| Q2 25 | 12.8% | 14.1% | ||
| Q1 25 | 9.0% | 12.8% | ||
| Q4 24 | -51.7% | 17.8% | ||
| Q3 24 | -57.3% | 13.5% | ||
| Q2 24 | 15.5% | 13.0% | ||
| Q1 24 | 5.5% | 11.0% |
| Q4 25 | — | 8.2% | ||
| Q3 25 | 8.5% | 9.8% | ||
| Q2 25 | 11.9% | 8.8% | ||
| Q1 25 | 5.5% | 8.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -61.1% | 7.9% | ||
| Q2 24 | 10.0% | 7.5% | ||
| Q1 24 | 1.4% | 6.3% |
| Q4 25 | $-1.06 | $0.70 | ||
| Q3 25 | $0.12 | $0.78 | ||
| Q2 25 | $0.19 | $0.70 | ||
| Q1 25 | $0.02 | $0.67 | ||
| Q4 24 | $-0.94 | $0.94 | ||
| Q3 24 | $-1.02 | $0.57 | ||
| Q2 24 | $0.08 | $0.58 | ||
| Q1 24 | $-0.07 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $244.4M | $416.7M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $-206.3M | $1.8B |
| Total Assets | $1.5B | $5.1B |
| Debt / EquityLower = less leverage | — | 0.95× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $244.4M | $416.7M | ||
| Q3 25 | $221.5M | $372.2M | ||
| Q2 25 | $377.3M | $319.6M | ||
| Q1 25 | $348.3M | $475.8M | ||
| Q4 24 | $363.0M | $721.2M | ||
| Q3 24 | $332.4M | $406.6M | ||
| Q2 24 | $282.3M | $425.6M | ||
| Q1 24 | $287.6M | $394.4M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $-206.3M | $1.8B | ||
| Q3 25 | $-46.7M | $1.7B | ||
| Q2 25 | $-70.9M | $1.7B | ||
| Q1 25 | $-97.8M | $1.9B | ||
| Q4 24 | $-118.1M | $1.9B | ||
| Q3 24 | $64.5M | $1.8B | ||
| Q2 24 | $200.0M | $1.4B | ||
| Q1 24 | $231.2M | $1.3B |
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.6B | $5.0B | ||
| Q2 25 | $1.5B | $5.0B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | $1.6B | $5.1B | ||
| Q2 24 | $1.7B | $4.9B | ||
| Q1 24 | $1.6B | $4.8B |
| Q4 25 | — | 0.95× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 1.04× | ||
| Q2 24 | — | 1.37× | ||
| Q1 24 | — | 1.70× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $43.6M | $315.8M |
| Free Cash FlowOCF − Capex | $36.2M | $223.1M |
| FCF MarginFCF / Revenue | 16.0% | 19.0% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 3.3% | 7.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $333.7M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $43.6M | $315.8M | ||
| Q3 25 | $27.4M | $229.5M | ||
| Q2 25 | $43.8M | $161.5M | ||
| Q1 25 | $-13.1M | $-92.5M | ||
| Q4 24 | $57.6M | $380.9M | ||
| Q3 24 | $44.9M | $24.0M | ||
| Q2 24 | $4.0M | $101.1M | ||
| Q1 24 | $47.5M | $-98.8M |
| Q4 25 | $36.2M | $223.1M | ||
| Q3 25 | $21.9M | $167.0M | ||
| Q2 25 | $37.2M | $89.4M | ||
| Q1 25 | $-15.4M | $-145.8M | ||
| Q4 24 | $55.9M | $333.6M | ||
| Q3 24 | $43.9M | $-41.8M | ||
| Q2 24 | $1.8M | $40.9M | ||
| Q1 24 | $45.1M | $-164.6M |
| Q4 25 | 16.0% | 19.0% | ||
| Q3 25 | 5.6% | 14.8% | ||
| Q2 25 | 10.3% | 7.8% | ||
| Q1 25 | -5.1% | -12.7% | ||
| Q4 24 | 20.3% | 28.4% | ||
| Q3 24 | 19.0% | -4.0% | ||
| Q2 24 | 0.7% | 3.7% | ||
| Q1 24 | 29.4% | -15.8% |
| Q4 25 | 3.3% | 7.9% | ||
| Q3 25 | 1.4% | 5.6% | ||
| Q2 25 | 1.8% | 6.3% | ||
| Q1 25 | 0.8% | 4.7% | ||
| Q4 24 | 0.6% | 4.0% | ||
| Q3 24 | 0.5% | 6.3% | ||
| Q2 24 | 0.8% | 5.5% | ||
| Q1 24 | 1.6% | 6.3% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | 0.82× | 2.09× | ||
| Q2 25 | 1.01× | 1.60× | ||
| Q1 25 | -0.78× | -0.95× | ||
| Q4 24 | — | 2.78× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | 0.15× | 1.23× | ||
| Q1 24 | 21.94× | -1.49× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
ARRY
| Array Legacy Operations Segment | $212.0M | 94% |
| STI Operations Segment | $14.0M | 6% |
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |