YOLFTbeta
Array Digital Infrastructure, Inc.

Array Digital Infrastructure, Inc.

AD · NYSE · Communication Services / Telecom Services

27.84USD+0.51 (+1.87%)

Price History

Full chart

Market Stats

Previous Close27.33
Open27.63
Day Range27.05 – 27.86
52-Week Range28.86 – 46.04
Volume1.21M
Market Cap2.98B
P/E (TTM)4.56
Forward P/E64.94
EPS7.56
Dividend Yield69.36%
Beta0.29
50-Day Avg35.89
200-Day Avg45.05

About

Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. The company was incorporated in 1983 and is headquartered in Chicago, Illinois. Array Digital Infrastructure, Inc. is a subsidiary of Telephone and Data Systems, Inc.

Company Details

  • SectorCommunication Services
  • IndustryTelecom Services
  • CEOMr. Anthony J. M. Carlson
  • Employees60
  • Headquarters500 West Madison Street, Chicago, IL, United States, 60661, USA
  • Websitehttps://www.arrayinc.com

Leadership

  • Mr. Anthony J. M. CarlsonPresident, CEO & Director · b. 1987
  • Ms. Vicki L. Villacrez C.P.A.EVP, CFO, Treasurer & Non-Independent Director · b. 1962
  • Ms. Kate SauvainSenior Director of Operations
  • Mr. Coleman PrewittSenior Director of Legal
  • Mr. Jeffrey S. HoerschVP & Controller · b. 1967
  • Ms. Jane W. McCahonVP & Corporate Secretary · b. 1961

Financials

Income Statement

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.89B4.03B3.99B3.89B3.97B4.02B4.04B4.12B4.17B3.91B3.77B162.96M
Growth (%)-+3.54%-1.02%-2.51%+1.98%+1.39%+0.37%+2.11%+1.14%-6.31%-3.48%-95.68%
Cost of Revenue1.96B1.83B1.84B1.80B1.79B1.78B1.79B1.91B1.97B1.73B1.63B127.75M
Gross Profit1.93B2.20B2.15B2.09B2.18B2.24B2.24B2.21B2.20B2.18B2.14B35.21M
Gross Margin49.58%54.65%53.86%53.65%54.90%55.64%55.59%53.71%52.72%55.76%56.76%21.61%
Operating Expense2.07B1.86B2.10B2.39B2.02B2.13B2.07B2.04B2.13B2.04B2.15B84.44M
Operating Income-143.00M347.00M48.00M-304.00M158.00M112.00M173.00M170.00M69.00M139.00M-12.00M-49.23M
Operating Margin-3.67%8.61%1.20%-7.81%3.98%2.78%4.29%4.12%1.66%3.56%-0.32%-30.21%
EBITDA338.00M709.00M669.00M675.00M790.00M832.00M876.00M1.03B935.00M963.00M826.00M217.60M
EBITDA Margin8.68%17.59%16.77%17.35%19.91%20.69%21.70%25.06%22.43%24.65%21.91%133.53%
Net Income-43.00M241.00M48.00M12.00M150.00M127.00M229.00M155.00M30.00M54.00M-39.00M290.92M
Net Income Margin-1.10%5.98%1.20%0.31%3.78%3.16%5.67%3.76%0.72%1.38%-1.03%178.52%
Interest Expense45.00M84.00M107.00M105.00M101.00M93.00M104.00M175.00M163.00M196.00M183.00M28.22M
Interest Expense % of Total Revenue1.16%2.08%2.68%2.70%2.55%2.31%2.58%4.25%3.91%5.02%4.85%17.32%

Balance Sheet

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets6.46B7.06B7.11B6.84B7.27B8.16B9.68B10.34B11.12B10.75B10.45B4.94B
Total Liabilities3.15B3.49B3.46B3.15B3.20B3.94B5.25B5.77B6.54B6.10B5.84B2.37B
Total Equity3.30B3.56B3.63B3.68B4.06B4.20B4.41B4.55B4.55B4.63B4.58B2.57B
Cash211.51M715.00M586.00M352.00M580.00M285.00M1.27B156.00M273.00M150.00M144.00M113.40M
Total Debt1.13B1.64B1.63B1.64B1.62B2.48B3.48B3.75B4.18B4.03B3.82B1.71B
Net Debt915.39M925.00M1.04B1.29B1.04B2.19B2.21B3.59B3.90B3.88B3.68B1.60B

Cash Flow

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow172.00M555.00M501.00M469.00M709.00M724.00M1.24B802.00M832.00M866.00M883.00M200.84M
Investing Cash Flow-471.00M-550.00M-618.00M-683.00M-464.00M-864.00M-1.16B-2.04B-1.18B-721.00M-556.00M2.44B
Financing Cash Flow169.00M497.00M-12.00M-20.00M-14.00M-152.00M926.00M142.00M456.00M-274.00M-347.00M-2.68B
Capital Expenditure605.00M581.00M443.00M465.00M512.00M650.00M989.00M2.05B1.19B738.00M557.00M27.20M
Free Cash Flow-433.00M-26.00M58.00M4.00M197.00M74.00M248.00M-1.24B-355.00M128.00M326.00M173.64M
Dividends Paid---------001.99B
FCF to OCF-251.74%-4.68%11.58%0.85%27.79%10.22%20.05%-155.11%-42.67%14.78%36.92%86.46%
Dividend Paid to FCF---------0.00%0.00%1144.19%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999Mar 31, 2000Jun 30, 2000Oct 17, 2000Jan 25, 2001Apr 17, 2001Jul 17, 2001Oct 16, 2001Jan 29, 2002Apr 16, 2002Jul 16, 2002Oct 16, 2002Feb 5, 2003May 5, 2003Jul 23, 2003Oct 22, 2003Feb 4, 2004Apr 28, 2004Jul 21, 2004Oct 20, 2004Feb 9, 2005Apr 27, 2005Jul 27, 2005Oct 18, 2005Apr 26, 2006Jul 28, 2006Oct 10, 2006May 15, 2007Aug 7, 2007Nov 6, 2007Feb 29, 2008May 7, 2008Aug 7, 2008Nov 5, 2008Feb 26, 2009May 6, 2009Aug 6, 2009Nov 5, 2009Feb 25, 2010May 10, 2010Aug 5, 2010Nov 4, 2010Feb 24, 2011May 6, 2011Aug 8, 2011Nov 4, 2011Feb 24, 2012May 4, 2012Aug 3, 2012Nov 7, 2012Feb 26, 2013May 3, 2013Aug 2, 2013Nov 1, 2013Feb 26, 2014May 2, 2014Aug 1, 2014Oct 31, 2014Feb 25, 2015May 1, 2015Jul 31, 2015Oct 30, 2015Feb 19, 2016May 6, 2016Aug 5, 2016Nov 4, 2016Feb 24, 2017May 5, 2017Aug 4, 2017Nov 8, 2017Feb 23, 2018May 1, 2018Aug 3, 2018Nov 2, 2018Feb 22, 2019May 3, 2019Aug 1, 2019Oct 31, 2019Feb 20, 2020May 1, 2020Aug 6, 2020Nov 5, 2020Feb 18, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 17, 2022May 5, 2022Aug 4, 2022Nov 3, 2022Feb 16, 2023May 4, 2023Aug 4, 2023Nov 3, 2023Feb 16, 2024May 3, 2024Aug 2, 2024Nov 1, 2024Feb 21, 2025May 2, 2025Aug 11, 2025Nov 7, 2025Feb 20, 2026May 8, 2026Aug 7, 2026Nov 6, 2026
EPS Estimate----------0.670.220.510.650.670.390.520.590.620.240.300.370.440.260.290.340.350.140.260.39-0.38-0.510.480.780.82-0.850.840.64-0.540.670.59-0.560.670.40-0.460.440.49-0.510.69--0.01-0.080.05--0.43-0.11-0.15-0.02-0.04-0.13-0.230.370.16-0.26-0.220.11-0.370.200.280.33-0.440.360.02-0.220.270.050.630.430.420.170.480.310.25-0.340.340.200.060.951.101.251.27-0.010.340.330.300.30-0.060.270.07
EPS Actual1.490.380.410.220.322.230.630.270.570.570.640.430.390.670.620.380.510.650.390.350.060.340.620.240.110.440.250.210.190.430.390.400.480.580.840.740.720.330.800.830.90-2.290.970.960.410.140.550.470.450.080.400.760.660.030.730.620.42-0.290.06-0.03-0.130.02-0.46-0.25-0.29-0.250.240.250.17-0.020.130.290.20-0.040.300.170.113.170.520.560.410.230.610.350.270.200.810.780.970.060.690.390.380.310.570.30-0.13-0.230.220.050.290.230.230.360.260.050.210.36-0.450.490.420.44-
Surprise-----------4.48%95.45%-23.53%3.08%-7.46%-2.56%-1.92%10.17%-37.10%45.83%-80.00%-8.11%40.91%-7.69%-62.07%29.41%-28.57%50.00%-26.92%10.26%-5.26%-13.73%75.00%-5.13%-12.20%--5.88%-1.19%40.63%-79.63%43.28%-30.51%--1.79%-29.85%12.50%--13.04%72.73%34.69%-43.14%-10.14%--2800.00%--137.50%-360.00%--6.98%-127.27%-93.33%-1100.00%725.00%230.77%--43.48%-21.62%25.00%84.62%--22.73%0.00%-40.54%180.00%46.43%-30.30%--20.45%-25.00%900.00%-254.55%259.26%20.00%9.52%-9.30%-9.52%82.35%18.75%-3.23%-152.00%32.35%-35.29%-75.00%383.33%-75.79%-79.09%-71.20%-79.53%600.00%-38.24%9.09%-250.00%63.33%800.00%62.96%-
Timing----------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-market-Pre-market-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-

Key Statistics & Ratios

Market Cap2.98B
Enterprise Value3.84B
Trailing P/E4.56
Forward P/E64.94
PEG Ratio15.03
Price / Sales13.97
Price / Book2.42
EPS7.56
Book Value14.63
Revenue (TTM)213.53M
Gross Profit (TTM)124.63M
EBITDA53.07M
Profit Margin250.79%
Operating Margin-12.50%
Return on Equity22.68%
Return on Assets0.02%
Shares Outstanding53.47M
Shares Float15.57M
Beta0.29
Dividend Yield69.36%
Dividend Rate0.00
Payout Ratio23.61%

Ownership Breakdown

Institutions
35.67%
Insiders
71.55%
Retail / Other
0.00%

Top Institutional Holders

  • Bank of America Corp
    2.53M2.93%
  • Dimensional Fund Advisors, Inc.
    2.27M2.62%
  • BNP Paribas Investment Partners SA
    2.06M2.39%
  • Hawk Ridge Management LLC
    1.82M2.10%
  • Jericho Capital Asset Management LP
    1.82M2.10%
  • Newtyn Management LLC
    1.62M1.87%
  • Gamco Investors, Inc. Et Al
    825.26K0.95%
  • American Century Companies Inc
    766.13K0.89%
  • Oaktree Capital Management LLC
    724.44K0.84%
  • Loomis, Sayles & Company LP
    707.44K0.82%
  • Vanguard Capital Management, LLC
    682.11K0.79%
  • Vanguard Portfolio Management, LLC
    667.28K0.77%
  • Gabelli Funds LLC
    545.15K0.63%
  • Qube Research & Technologies
    401.94K0.46%
  • BlackRock Inc
    371.90K0.43%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    739.29K0.85%
  • DFA US Small Cap Value I
    557.15K0.64%
  • Vanguard MStar Total Stk Mkt Idx Invest
    514.41K0.59%
  • Vanguard Small Cap Index
    368.40K0.43%
  • DFA US Targeted Value I
    359.39K0.42%

Dividends

20262×
11.00Jun 11, 202610.25Jan 23, 2026
20251×
23.00Aug 20, 2025
20131×
5.75Jun 7, 2013