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Side-by-side financial comparison of Array Technologies, Inc. (ARRY) and RLJ Lodging Trust (RLJ). Click either name above to swap in a different company.

RLJ Lodging Trust is the larger business by last-quarter revenue ($328.6M vs $226.0M, roughly 1.5× Array Technologies, Inc.). On growth, RLJ Lodging Trust posted the faster year-over-year revenue change (-0.4% vs -17.9%). RLJ Lodging Trust produced more free cash flow last quarter ($117.4M vs $36.2M). Over the past eight quarters, Array Technologies, Inc.'s revenue compounded faster (21.4% CAGR vs 0.6%).

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...

The RLJ Companies is an American asset management firm owned by entrepreneur Robert Louis Johnson. After selling Black Entertainment Television in 2001, Johnson's first company, he created RLJ Companies in Bethesda, Maryland. The company's network includes hotel real estate investment, private equity, financial services, asset management, insurance services, car dealerships, sports and entertainment, and video lottery terminal (VLT) gaming. The company is headquartered in Bethesda and has add...

ARRY vs RLJ — Head-to-Head

Bigger by revenue
RLJ
RLJ
1.5× larger
RLJ
$328.6M
$226.0M
ARRY
Growing faster (revenue YoY)
RLJ
RLJ
+17.4% gap
RLJ
-0.4%
-17.9%
ARRY
More free cash flow
RLJ
RLJ
$81.2M more FCF
RLJ
$117.4M
$36.2M
ARRY
Faster 2-yr revenue CAGR
ARRY
ARRY
Annualised
ARRY
21.4%
0.6%
RLJ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARRY
ARRY
RLJ
RLJ
Revenue
$226.0M
$328.6M
Net Profit
$430.0K
Gross Margin
8.6%
Operating Margin
-65.5%
0.2%
Net Margin
0.1%
Revenue YoY
-17.9%
-0.4%
Net Profit YoY
-92.0%
EPS (diluted)
$-1.06
$-0.05

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
RLJ
RLJ
Q4 25
$226.0M
$328.6M
Q3 25
$393.5M
$330.0M
Q2 25
$362.2M
$363.1M
Q1 25
$302.4M
$328.1M
Q4 24
$275.2M
$330.0M
Q3 24
$231.4M
$345.7M
Q2 24
$255.8M
$369.3M
Q1 24
$153.4M
$324.4M
Net Profit
ARRY
ARRY
RLJ
RLJ
Q4 25
$430.0K
Q3 25
$33.5M
$-3.7M
Q2 25
$43.3M
$28.5M
Q1 25
$16.7M
$3.4M
Q4 24
$5.4M
Q3 24
$-141.4M
$20.6M
Q2 24
$25.7M
$37.1M
Q1 24
$2.2M
$4.9M
Gross Margin
ARRY
ARRY
RLJ
RLJ
Q4 25
8.6%
Q3 25
26.9%
Q2 25
26.8%
Q1 25
25.3%
Q4 24
28.5%
Q3 24
33.8%
Q2 24
33.6%
Q1 24
35.9%
Operating Margin
ARRY
ARRY
RLJ
RLJ
Q4 25
-65.5%
0.2%
Q3 25
11.6%
-1.0%
Q2 25
12.8%
8.0%
Q1 25
9.0%
1.1%
Q4 24
-51.7%
1.8%
Q3 24
-57.3%
6.1%
Q2 24
15.5%
10.2%
Q1 24
5.5%
1.6%
Net Margin
ARRY
ARRY
RLJ
RLJ
Q4 25
0.1%
Q3 25
8.5%
-1.1%
Q2 25
11.9%
7.8%
Q1 25
5.5%
1.0%
Q4 24
1.6%
Q3 24
-61.1%
6.0%
Q2 24
10.0%
10.0%
Q1 24
1.4%
1.5%
EPS (diluted)
ARRY
ARRY
RLJ
RLJ
Q4 25
$-1.06
$-0.05
Q3 25
$0.12
$-0.07
Q2 25
$0.19
$0.15
Q1 25
$0.02
$-0.02
Q4 24
$-0.94
$-0.01
Q3 24
$-1.02
$0.09
Q2 24
$0.08
$0.20
Q1 24
$-0.07
$-0.01

Balance Sheet & Financial Strength

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

Metric
ARRY
ARRY
RLJ
RLJ
Cash + ST InvestmentsLiquidity on hand
$244.4M
$410.2M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$-206.3M
$2.2B
Total Assets
$1.5B
$4.7B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARRY
ARRY
RLJ
RLJ
Q4 25
$244.4M
$410.2M
Q3 25
$221.5M
$374.8M
Q2 25
$377.3M
$373.9M
Q1 25
$348.3M
$347.5M
Q4 24
$363.0M
$409.8M
Q3 24
$332.4M
$385.4M
Q2 24
$282.3M
$371.1M
Q1 24
$287.6M
$350.2M
Total Debt
ARRY
ARRY
RLJ
RLJ
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.2B
Stockholders' Equity
ARRY
ARRY
RLJ
RLJ
Q4 25
$-206.3M
$2.2B
Q3 25
$-46.7M
$2.2B
Q2 25
$-70.9M
$2.2B
Q1 25
$-97.8M
$2.2B
Q4 24
$-118.1M
$2.3B
Q3 24
$64.5M
$2.3B
Q2 24
$200.0M
$2.3B
Q1 24
$231.2M
$2.3B
Total Assets
ARRY
ARRY
RLJ
RLJ
Q4 25
$1.5B
$4.7B
Q3 25
$1.6B
$4.8B
Q2 25
$1.5B
$4.8B
Q1 25
$1.4B
$4.8B
Q4 24
$1.4B
$4.9B
Q3 24
$1.6B
$4.9B
Q2 24
$1.7B
$4.9B
Q1 24
$1.6B
$4.9B
Debt / Equity
ARRY
ARRY
RLJ
RLJ
Q4 25
1.01×
Q3 25
1.01×
Q2 25
1.00×
Q1 25
0.99×
Q4 24
0.97×
Q3 24
0.96×
Q2 24
0.95×
Q1 24
0.96×

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
RLJ
RLJ
Operating Cash FlowLast quarter
$43.6M
$243.8M
Free Cash FlowOCF − Capex
$36.2M
$117.4M
FCF MarginFCF / Revenue
16.0%
35.7%
Capex IntensityCapex / Revenue
3.3%
38.5%
Cash ConversionOCF / Net Profit
566.97×
TTM Free Cash FlowTrailing 4 quarters
$79.8M
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARRY
ARRY
RLJ
RLJ
Q4 25
$43.6M
$243.8M
Q3 25
$27.4M
$63.3M
Q2 25
$43.8M
$101.3M
Q1 25
$-13.1M
$16.3M
Q4 24
$57.6M
$285.4M
Q3 24
$44.9M
$80.1M
Q2 24
$4.0M
$113.5M
Q1 24
$47.5M
$20.8M
Free Cash Flow
ARRY
ARRY
RLJ
RLJ
Q4 25
$36.2M
$117.4M
Q3 25
$21.9M
$33.6M
Q2 25
$37.2M
$66.1M
Q1 25
$-15.4M
$-30.5M
Q4 24
$55.9M
$148.9M
Q3 24
$43.9M
$45.4M
Q2 24
$1.8M
$74.9M
Q1 24
$45.1M
$-13.0M
FCF Margin
ARRY
ARRY
RLJ
RLJ
Q4 25
16.0%
35.7%
Q3 25
5.6%
10.2%
Q2 25
10.3%
18.2%
Q1 25
-5.1%
-9.3%
Q4 24
20.3%
45.1%
Q3 24
19.0%
13.1%
Q2 24
0.7%
20.3%
Q1 24
29.4%
-4.0%
Capex Intensity
ARRY
ARRY
RLJ
RLJ
Q4 25
3.3%
38.5%
Q3 25
1.4%
9.0%
Q2 25
1.8%
9.7%
Q1 25
0.8%
14.3%
Q4 24
0.6%
41.4%
Q3 24
0.5%
10.0%
Q2 24
0.8%
10.4%
Q1 24
1.6%
10.4%
Cash Conversion
ARRY
ARRY
RLJ
RLJ
Q4 25
566.97×
Q3 25
0.82×
Q2 25
1.01×
3.56×
Q1 25
-0.78×
4.85×
Q4 24
53.09×
Q3 24
3.89×
Q2 24
0.15×
3.06×
Q1 24
21.94×
4.21×

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%

RLJ
RLJ

Occupancy$262.1M80%
Food And Beverage$41.9M13%
Hotel Other$24.6M7%

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