Array Digital Infrastructure/$AD
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Array Digital Infrastructure
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
- Ticker
- $AD
- Sector
- Communication
- Primary listing
- NYSE
- Employees
- 60
- Headquarters
- Chicago, United States
- Website
- www.arrayinc.com
AD Metrics
BasicAdvanced
$2.6B
4.85
$6.19
0.30
$21.25
70.88%
Price and volume
Market cap
$2.6B
Beta
0.3
52-week high
$60.82
52-week low
$28.80
Average daily volume
264K
Dividend rate
$21.25
Financial strength
Current ratio
0.95
Quick ratio
0.941
Long term debt to equity
0.922
Total debt to equity
0.942
Dividend payout ratio (TTM)
342.99%
Interest coverage (TTM)
0.05%
Profitability
EBITDA (TTM)
53.068
Gross margin (TTM)
58.36%
Net profit margin (TTM)
250.79%
Operating margin (TTM)
0.83%
Effective tax rate (TTM)
16.15%
Revenue per employee (TTM)
$3,560,000
Management effectiveness
Return on assets (TTM)
0.02%
Return on equity (TTM)
22.68%
Valuation
Price to earnings (TTM)
4.846
Price to revenue (TTM)
12.131
Price to book
2.04
Price to tangible book (TTM)
-7.88
Price to free cash flow (TTM)
-7.661
Free cash flow yield (TTM)
-13.05%
Free cash flow per share (TTM)
-3.913
Dividend yield (TTM)
70.88%
Growth
Revenue change (TTM)
98.93%
Earnings per share change (TTM)
-2,228.24%
3-year revenue growth (CAGR)
-62.58%
10-year revenue growth (CAGR)
-25.43%
3-year earnings per share growth (CAGR)
179.11%
10-year earnings per share growth (CAGR)
18.22%
What the Analysts think about AD
Analyst ratings (Buy, Hold, Sell) for Array Digital Infrastructure stock.
Analyst projections of the future price of Array Digital Infrastructure stock.
Bulls say / Bears say
Second-quarter site rental revenue rose 95% year on year, and Array reported another quarter of sequential tenancy growth. That points to improving demand across its retained tower portfolio. (Array Digital Infrastructure)
T-Mobile has committed to leases on at least 2,015 additional towers for a minimum of 15 years, supporting a base of recurring rental income beyond the current integration period. (SEC)
Array completed large spectrum sales in 2026 and paid an $11-per-share special dividend, showing its remaining spectrum can be turned into shareholder returns. It still has other spectrum assets it may monetise. (Array Digital Infrastructure, SEC)
Revenue from T-Mobile’s interim leases on about 1,800 towers is expected to decline as it integrates its network, and T-Mobile can cancel those leases tower by tower. Array also expects 1,000–1,700 towers to be tenantless after integration. (SEC)
DISH stopped making certain lease payments and entered bankruptcy, so Array has stopped recognising revenue from it. This adds pressure to a business that depends heavily on a small number of wireless tenants, particularly T-Mobile. (SEC)
TDS withdrew its proposal to buy the shares it does not already own after the two sides failed to agree on value and consideration. That removes a near-term takeout catalyst for minority shareholders. (TDS)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2026.
AD Financial Performance
Revenues and expenses
AD Earnings Performance
Company profitability
Upcoming events
No upcoming events
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Funds containing AD
Fund name | Fund size | $AD weighting |
|---|---|---|
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.01% |
Xtrackers MSCI World Small Cap$XSWC | $183M | 0.00% |
SPDR MSCI All Country World IM€SPYI | $7.7B | 0.00% |
iShares MSCI World Small Cap€IUSN | $9B | 0.00% |
iShares MSCI World Small Cap$WSML | $9B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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