Array Digital Infrastructure vs Spok Holdings
Array Digital Infrastructure is the larger business, with $163m of revenue in fiscal 2025 against $140m for Spok Holdings (1.2 times as much). Spok Holdings grew faster (1.5% against -95.6%). Array Digital Infrastructure kept more of each dollar of sales as profit: a net margin of 29.9% against 11.4%.
| Latest fiscal year | Array Digital InfrastructureAD, 2025 | Spok HoldingsSPOK, 2025 |
|---|---|---|
| Revenue | $163m | $140m |
| Revenue growth | -95.6% | 1.5% |
| Net income | $48.8m | $15.9m |
| Operating margin | -56.8% | — |
| Net margin | 29.9% | 11.4% |
| Return on equity | 1.4% | 10.5% |
| Free cash flow | $174m | $25.2m |
| Cash | $113m | $25.3m |
| Total debt | $674m | $0 |
| Debt to equity | 26.3% | — |
| Dividend per share | — | $1.25 |
| Dividend yield | -5.2% | 10.8% |
| Share buybacks | $21.4m | — |
| Employees | 60 | 410 |
| Market value | $2.91bn | $251m |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 28 (Weak) | 60 (Moderate) |
| Insider trades, 12 months | 0 buys, 2 sales | 4 buys, 3 sales |