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Side-by-side financial comparison of Array Technologies, Inc. (ARRY) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $226.0M, roughly 1.4× Array Technologies, Inc.). On growth, Navios Maritime Partners L.P. posted the faster year-over-year revenue change (-4.3% vs -17.9%).

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...

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

ARRY vs NMM — Head-to-Head

Bigger by revenue
NMM
NMM
1.4× larger
NMM
$327.6M
$226.0M
ARRY
Growing faster (revenue YoY)
NMM
NMM
+13.6% gap
NMM
-4.3%
-17.9%
ARRY

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ARRY
ARRY
NMM
NMM
Revenue
$226.0M
$327.6M
Net Profit
$69.9M
Gross Margin
8.6%
90.5%
Operating Margin
-65.5%
Net Margin
21.4%
Revenue YoY
-17.9%
-4.3%
Net Profit YoY
-31.1%
EPS (diluted)
$-1.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARRY
ARRY
NMM
NMM
Q4 25
$226.0M
Q3 25
$393.5M
Q2 25
$362.2M
$327.6M
Q1 25
$302.4M
Q4 24
$275.2M
Q3 24
$231.4M
Q2 24
$255.8M
$342.2M
Q1 24
$153.4M
Net Profit
ARRY
ARRY
NMM
NMM
Q4 25
Q3 25
$33.5M
Q2 25
$43.3M
$69.9M
Q1 25
$16.7M
Q4 24
Q3 24
$-141.4M
Q2 24
$25.7M
$101.5M
Q1 24
$2.2M
Gross Margin
ARRY
ARRY
NMM
NMM
Q4 25
8.6%
Q3 25
26.9%
Q2 25
26.8%
90.5%
Q1 25
25.3%
Q4 24
28.5%
Q3 24
33.8%
Q2 24
33.6%
88.3%
Q1 24
35.9%
Operating Margin
ARRY
ARRY
NMM
NMM
Q4 25
-65.5%
Q3 25
11.6%
Q2 25
12.8%
Q1 25
9.0%
Q4 24
-51.7%
Q3 24
-57.3%
Q2 24
15.5%
Q1 24
5.5%
Net Margin
ARRY
ARRY
NMM
NMM
Q4 25
Q3 25
8.5%
Q2 25
11.9%
21.4%
Q1 25
5.5%
Q4 24
Q3 24
-61.1%
Q2 24
10.0%
29.7%
Q1 24
1.4%
EPS (diluted)
ARRY
ARRY
NMM
NMM
Q4 25
$-1.06
Q3 25
$0.12
Q2 25
$0.19
Q1 25
$0.02
Q4 24
$-0.94
Q3 24
$-1.02
Q2 24
$0.08
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARRY
ARRY
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$244.4M
$377.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$-206.3M
Total Assets
$1.5B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARRY
ARRY
NMM
NMM
Q4 25
$244.4M
Q3 25
$221.5M
Q2 25
$377.3M
$377.0M
Q1 25
$348.3M
Q4 24
$363.0M
Q3 24
$332.4M
Q2 24
$282.3M
$272.0M
Q1 24
$287.6M
Total Debt
ARRY
ARRY
NMM
NMM
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
ARRY
ARRY
NMM
NMM
Q4 25
$-206.3M
Q3 25
$-46.7M
Q2 25
$-70.9M
Q1 25
$-97.8M
Q4 24
$-118.1M
Q3 24
$64.5M
Q2 24
$200.0M
Q1 24
$231.2M
Total Assets
ARRY
ARRY
NMM
NMM
Q4 25
$1.5B
Q3 25
$1.6B
Q2 25
$1.5B
$5.9B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.6B
Q2 24
$1.7B
$5.3B
Q1 24
$1.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARRY
ARRY
NMM
NMM
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$36.2M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARRY
ARRY
NMM
NMM
Q4 25
$43.6M
Q3 25
$27.4M
Q2 25
$43.8M
Q1 25
$-13.1M
Q4 24
$57.6M
Q3 24
$44.9M
Q2 24
$4.0M
Q1 24
$47.5M
Free Cash Flow
ARRY
ARRY
NMM
NMM
Q4 25
$36.2M
Q3 25
$21.9M
Q2 25
$37.2M
Q1 25
$-15.4M
Q4 24
$55.9M
Q3 24
$43.9M
Q2 24
$1.8M
Q1 24
$45.1M
FCF Margin
ARRY
ARRY
NMM
NMM
Q4 25
16.0%
Q3 25
5.6%
Q2 25
10.3%
Q1 25
-5.1%
Q4 24
20.3%
Q3 24
19.0%
Q2 24
0.7%
Q1 24
29.4%
Capex Intensity
ARRY
ARRY
NMM
NMM
Q4 25
3.3%
Q3 25
1.4%
Q2 25
1.8%
Q1 25
0.8%
Q4 24
0.6%
Q3 24
0.5%
Q2 24
0.8%
Q1 24
1.6%
Cash Conversion
ARRY
ARRY
NMM
NMM
Q4 25
Q3 25
0.82×
Q2 25
1.01×
Q1 25
-0.78×
Q4 24
Q3 24
Q2 24
0.15×
Q1 24
21.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARRY
ARRY

Array Legacy Operations Segment$212.0M94%
STI Operations Segment$14.0M6%

NMM
NMM

Segment breakdown not available.

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