Argan Inc (AGX)
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. It operates through three segments: Power, Industrial, and Teledata. Its Power segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects; and design, construction, project management, start-up, and operation, as well as provides technical consulting services; and turbine, boiler, and large rotating equipment. This segment serves independent power producers, public utilities, power plant equipment suppliers, and other commercial firms. The company's Industrial segment provides field services that support new plant construction and additions; maintenance turnarounds; shutdowns and emergency mobilizations for industrial plants; and fabricates, delivers, and installation of metal components, such as piping systems and pressure vessels. Its Teledata segment offers trenchless directional boring and excavation for underground communication and power networks; aerial cabling; high and low voltage electric lines; and private area outdoor lighting systems, as well as installs buried cable. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks; and utility construction services and comprehensive technology wiring solutions. This segment serves electricity cooperative, state and federal government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as customers in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Arlington, Virginia.
- Symbol
- AGX
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Engineering & Construction
- Market cap
- $5.25B
- 52 week range
- 240.24 - 805.75
Valuation
- Share price
- $374.40 (close of 2026-09-23)
- P/E (TTM)
- 29.07x
- Price to book
- 10.37x
- Price to free cash flow
- 9.63x
- Enterprise value
- $4.72B
- Book value per share
- $36.12
Price performance
| Period | Change |
|---|
| 1 day | -1.50% |
| 5 days | -3.69% |
| 1 month | -25.36% |
| 3 months | -49.18% |
| 6 months | -19.16% |
| Year to date | +19.49% |
| 1 year | +40.41% |
| 3 years | +711.97% |
| 5 years | +751.68% |
| 10 years | +558.34% |
Profitability and growth
- Return on equity
- 29.80%
- Return on assets
- 11.61%
- Return on capital employed
- 28.35%
- Gross margin
- 20.50%
- Net margin
- 14.59%
- EBITDA margin
- 14.46%
- Revenue growth
- 8.06%
- Net income growth
- 61.22%
- Free cash flow growth
- 155.18%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 10.39%
- Current ratio
- 1.50x
- Net debt to EBITDA
- -2.78x
Latest reported year
- Period end
- 2026-01-31
- Fiscal year
- 2026
- Revenue
- $944.61M
- Cost of revenue
- $750.93M
- Gross profit
- $193.68M
- EBITDA
- $136.61M
- Net income
- $137.77M
- Earnings per share
- $10.00
- Shares outstanding
- 13.77M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-01-31 | $944.61M | $193.68M | $137.77M | $10.00 |
| 2025-01-31 | $874.18M | $140.99M | $85.46M | $6.35 |
| 2024-01-31 | $573.33M | $80.83M | $32.36M | $2.42 |
| 2023-01-31 | $455.04M | $86.36M | $33.10M | $2.35 |
| 2022-01-31 | $509.37M | $99.73M | $38.24M | $2.43 |
| 2021-01-31 | $392.21M | $62.07M | $23.85M | $1.52 |
| 2020-01-31 | $239.00M | $-6.82M | $-42.69M | $-2.73 |
| 2019-01-31 | $482.15M | $82.44M | $52.04M | $3.34 |
| 2018-01-31 | $892.82M | $149.32M | $72.01M | $4.64 |
| 2017-01-31 | $675.05M | $146.71M | $70.33M | $4.67 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-01-31 | 20.50% | 14.59% | 29.80% | - |
| 2025-01-31 | 16.13% | 9.78% | 24.29% | 111.17% |
| 2024-01-31 | 14.10% | 5.64% | 11.12% | - |
| 2023-01-31 | 18.98% | 7.27% | 11.78% | - |
| 2022-01-31 | 19.58% | 7.51% | 11.75% | - |
| 2021-01-31 | 15.83% | 6.08% | 7.40% | - |
| 2020-01-31 | -2.85% | -17.86% | -12.52% | -27.74% |
| 2019-01-31 | 17.10% | 10.79% | 13.19% | 17.49% |
| 2018-01-31 | 16.73% | 8.07% | 20.11% | 28.26% |
| 2017-01-31 | 21.73% | 10.42% | 24.04% | 59.94% |
Cash and debt by year
| Period end | Cash |
|---|
| 2026-01-31 | $491.38M |
| 2025-01-31 | $298.39M |
| 2024-01-31 | $306.52M |
| 2023-01-31 | $325.46M |
| 2022-01-31 | $350.47M |
| 2021-01-31 | $366.67M |
| 2020-01-31 | $167.36M |
| 2019-01-31 | $164.32M |
| 2018-01-31 | $122.11M |
| 2017-01-31 | $167.20M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-01-31 | $410.84M | $7.87M |
| 2025-01-31 | $161.00M | $4.46M |
| 2024-01-31 | $114.10M | $4.46M |
| 2023-01-31 | $-33.43M | $3.96M |
| 2022-01-31 | $26.99M | $3.46M |
| 2021-01-31 | $174.32M | $2.94M |
| 2020-01-31 | $46.51M | $2.13M |
| 2019-01-31 | $-120.92M | $1.65M |
| 2018-01-31 | $-77.62M | $4.65M |
| 2017-01-31 | $256.23M | $2.34M |
Dividend history
- Most recent payment
- 2026-07-23
- Paid in the last twelve months
- $2.00
| Payment date | Dividend per share |
|---|
| 2026-07-23 | $0.50 |
| 2026-04-22 | $0.50 |
| 2026-01-22 | $0.50 |
| 2025-10-23 | $0.50 |
| 2025-07-23 | $0.38 |
| 2025-04-22 | $0.38 |
| 2025-01-23 | $0.38 |
| 2024-10-23 | $0.38 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-09-02 | Jul/2026 | $2.67 |
| 2026-06-04 | - | - |
| 2026-03-26 | - | - |
| 2025-12-04 | - | - |
| 2025-09-04 | - | - |
| 2025-06-04 | - | - |
| 2025-04-09 | - | - |
| 2025-03-27 | - | - |
Filings and sources
- Company website
- arganinc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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