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Array Digital Infrastructure vs Kyivstar: revenue, profit, margins and growth compared

Array Digital Infrastructure brought in $163M of revenue in fiscal 2025, Kyivstar $1.2B in fiscal 2025. Revenue changed by -95.6% at Array Digital Infrastructure and +25.9% at Kyivstar on the year before, so Kyivstar grew faster. Array Digital Infrastructure kept 29.9% of its revenue as net profit, Kyivstar 10.7%. Free cash flow was $173.6M at Array Digital Infrastructure and $311M at Kyivstar.

Side by side, latest fiscal year

ADKYIV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$163M$1.2B
Revenue growth-95.6%+25.9%
Net income$48.8M$124M
Net margin29.9%10.7%
Free cash flow$173.6M$311M
Free cash flow margin106.6%26.9%
Earnings per share (diluted)$0.56$0.57
Cash$113.4M$455M
Debt$674.3Mn/a
Price to earnings61.6n/a
Market value$3B$3B
Dividend yield66.69%n/a
Rank by revenue in sector#37 of 51 · Telecommunications#25 of 51 · Telecommunications

Over the years

Revenue
AD FY2018: $4BAD FY2019: $4BAD FY2020: $4BAD FY2021: $4.1BAD FY2022: $4.2BAD FY2023: $3.8BAD FY2024: $3.7BAD FY2025: $163MKYIV FY2023: $915MKYIV FY2025: $919MKYIV FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
AD $163MKYIV $1.2B
Net income
AD FY2018: $150MAD FY2019: $127MAD FY2020: $229MAD FY2021: $155MAD FY2022: $30MAD FY2023: $54.5MAD FY2024: -$39.4MAD FY2025: $48.8MKYIV FY2023: $281MKYIV FY2025: $283MKYIV FY2025: $124MFY18FY19FY20FY21FY22FY23FY24FY25
AD $48.8MKYIV $124M
Net margin
AD FY2018: 3.8%AD FY2019: 3.2%AD FY2020: 5.7%AD FY2021: 3.8%AD FY2022: 0.7%AD FY2023: 1.4%AD FY2024: -1.1%AD FY2025: 29.9%KYIV FY2023: 30.7%KYIV FY2025: 30.8%KYIV FY2025: 10.7%FY18FY19FY20FY21FY22FY23FY24FY25
AD 29.9%KYIV 10.7%
Revenue growth
AD FY2019: +1.4%AD FY2020: +0.4%AD FY2021: +2.1%AD FY2022: +1.1%AD FY2023: -8.7%AD FY2024: -3.6%AD FY2025: -95.6%KYIV FY2025: +0.4%KYIV FY2025: +25.9%FY19FY20FY21FY22FY23FY24FY25
AD -95.6%KYIV +25.9%
Free cash flow
AD FY2018: $197MAD FY2019: $74MAD FY2020: $248MAD FY2021: $78MAD FY2022: $230MAD FY2023: $826.2MAD FY2024: $864MAD FY2025: $173.6MKYIV FY2023: $317MKYIV FY2025: $268MKYIV FY2025: $311MFY18FY19FY20FY21FY22FY23FY24FY25
AD $173.6MKYIV $311M

Fiscal years as each company reports them; the two may end in different months.

Questions about Array Digital Infrastructure and Kyivstar

Which is bigger by revenue, Array Digital Infrastructure or Kyivstar?

Kyivstar is bigger by revenue: $1.2B in fiscal 2025, against $163M for Array Digital Infrastructure in fiscal 2025.

Which keeps more of its revenue as profit, Array Digital Infrastructure or Kyivstar?

Array Digital Infrastructure had a net margin of 29.9% in fiscal 2025; Kyivstar had 10.7% in fiscal 2025.

Which grew revenue faster, Array Digital Infrastructure or Kyivstar?

In their latest fiscal years revenue changed by -95.6% at Array Digital Infrastructure and +25.9% at Kyivstar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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