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Argan Inc. (AGX)

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Argan Inc. (AGX) reported revenue of $384 million for Q2 FY2027, the quarter ended 31 July 2026, up 61.5% on the same quarter a year earlier. Net income was $53 million, up 51.1% on the year, and diluted earnings per share $3.76. The figures are the company's own, from the 10-Q it filed with the SEC on 2 September 2026.

Revenue$384 millionup 61.5%
Net income$53 millionup 51.1%
Diluted EPS$3.76
QuarterQ2 FY2027ended 31 July 2026

Argan (AGX) in brief

Argan (AGX) reported revenue of $945 million for fiscal 2026, the year ended 31 January 2026, up 8.1% on the year before.
Read moreNet income was $138 million and diluted earnings per share $9.74. Revenue was $874 million in fiscal 2025, $573 million in fiscal 2024, $455 million in fiscal 2023 and $509 million in fiscal 2022. Net income in the same years was $85 million, $32 million, $33 million and $38 million. Over the twelve months to 31 July 2026, Argan reported revenue of $1.2 billion and net income of $179 million. Revenue grew 19.2% a year, compounded, over the five years to fiscal 2026. Argan declared $1.75 a share in dividends over the last four quarters and had 14 million shares outstanding at the latest filed count. At 31 July 2026 it carried $0 million of debt and $364 million of cash. At the close of 9 October 2026 the market cap of Argan was $5.5 billion, 31.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE35.4%
ROCE36.0%
Operating margin15.4%
Net margin15.1%
FCF margin45.9%
Interest covern/a
Debt to equity0.00
Cash conversion3.10
Share count, 1 year1.6%
Sales CAGR, 3 years27.6%
Profit CAGR, 3 years60.9%
EPS, TTM$12.64

At the close of 9 October 2026

Price$392.75
Market cap$5.5 billion
Stock P/E31.07
Price to book10.87
EV / EBITDA27.81
Dividend yield0.4%
Market cap / sales4.64
52-week high$798.55
52-week low$256.15
Price, 1 year45.4%
Price CAGR, 3 years103.4%
Price CAGR, 5 years55.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Argan Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
AGXgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on AGX

Filings18 in twelve months: 11 current reports (8-K), about 7 other events; 4 results of operations; 1 shareholder vote
Planned insider sales31 Form 144 notices in twelve months, $147.4 million; latest 31 July 2026
Options tapeput/call 1.17 by open interest at the 9 October 2026 close; the straddle prices a 7.9% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Renaissance Technologies; 4 Schedule 13D or 13G filings in twelve months
Insider trading41 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest1.2 million shares short, 2.76 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue164165158227257232194238251262291384
Cost of revenue145141140196213185157193204196230310
Gross profit19.223.617.931.144.347.636.944.346.965.661.174.2
Gross margin12%14%11%14%17%20%19%19%19%25%21%19%
SG&A11.411.911.412.414.014.912.514.214.317.915.717.4
Operating income7.911.76.518.730.332.724.330.132.647.745.456.8
Operating margin5%7%4%8%12%14%13%13%13%18%16%15%
Pre-tax income11.617.011.324.337.038.629.835.639.755.453.866.9
Tax rate53%29%30%25%24%19%24%1%23%11%14%20%
Net income5.512.07.918.228.031.422.635.330.749.246.153.3
Net margin3%7%5%8%11%13%12%15%12%19%16%14%
Diluted EPS$0.40$0.89$0.58$1.31$2.00$2.22$1.60$2.50$2.17$3.47$3.24$3.76
Operating cash flow57.724.617.773.531.844.635.334.617217211397.0
Capital expenditure1.10.60.32.32.51.40.41.70.61.22.45.3
Free cash flow56.624.017.471.129.243.334.932.917217111191.7
Buybacks1.74.00.20.00.50.96.80.20.02.83.06.7
Dividends paid4.04.04.04.05.25.05.15.27.17.07.07.0
Shares outstanding13m13m13m13m14m14m14m14m14m14m14m14m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Revenue6758934822393925094555738749451,188
Cost of revenue528743400246330410369492733751940
Gross profit14714982.4-6.862.199.786.480.8141194248
Gross margin21.7%16.7%17.1%-2.9%15.8%19.6%19.0%14.1%16.1%20.5%20.9%
Selling, general and administrative32.541.840.744.139.047.344.744.452.859.065.4
Operating income11210740.2-55.823.044.541.736.588.2135183
Operating margin16.6%12.0%8.3%-23.4%5.9%8.7%9.2%6.4%10.1%14.3%15.4%
Pre-tax income11511347.2-47.824.947.146.048.9111161216
Income tax37.140.3-4.7-7.11.111.411.316.625.722.736.4
Effective tax rate32.4%35.8%-9.9%n/a4.3%24.1%24.6%33.9%23.2%14.2%16.9%
Net income70.372.052.0-42.723.938.233.132.485.5138179
Net margin10.4%8.1%10.8%-17.9%6.1%7.5%7.3%5.6%9.8%14.6%15.1%
Diluted EPS$4.50$4.56$3.32-$2.73$1.51$2.40$2.33$2.39$6.15$9.74$12.64
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2024FY2025FY2026Share
latest year
Power Industry Services41669375680.1%
Industrial Construction Services14316816817.7%
Telecommunications Infrastructure Services.14.313.520.62.2%
Power Industry ServicesIndustrial Construction ServicesTelecommunications Infrastructure Services.
573FY2024874FY2025945FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2024FY2025FY2026Share
latest year
United States33478385290.2%
Ireland19981.465.06.9%
United Kingdom40.49.727.42.9%
United StatesIrelandUnited Kingdom
573FY2024874FY2025945FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow259-72.8-11253.617628.4-30.1117168415555
Capital expenditure2.84.88.67.11.71.43.42.86.63.99.5
Free cash flow256-77.6-12146.517427.0-33.4114161411546
Free cash flow margin38.0%-8.7%-25.1%19.5%44.4%5.3%-7.3%19.9%18.4%43.5%45.9%
Cash from investing-24438.7171-36.167.0-7.0-63.1-67.6-194-182-299
Cash from financing-8.9-13.6-15.5-14.0-45.4-34.6-82.8-26.1-26.1-42.6-69.4
Depreciation and amortisation3.23.84.44.64.64.23.72.42.32.32.5
Share-based compensation2.34.71.62.12.93.54.04.54.57.98.8
Buybacksn/an/an/an/an/a20.468.212.51.59.912.5
Dividends paidn/an/an/an/a47.015.714.014.718.324.328.1
Dividend per share$1.00$1.00$1.00$1.00$3.00$1.00$1.00$1.10$1.35$1.75n/a
Diluted shares, weighted16m16m16m16m16m16m14m14m14m14m14m
Shares outstanding at period end15m16m16m16m16m15m13m13m14m14m14m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity292358395339321326281291352462507
Non-controlling interest0.90.0-0.21.81.7-0.8n/an/an/an/an/a
Debtn/an/an/an/an/an/an/an/an/a0.00.0
Operating lease liabilitiesn/an/an/a0.61.32.33.22.62.63.9n/a
Other liabilities35218582.3146279226205305482720894
Total liabilities and equity6445434774886035544895988361,1861,401
Owned
Fixed assets13.115.319.822.520.410.510.411.014.516.622.8
Goodwill34.934.332.827.927.928.028.028.028.028.030.7
Intangible assets8.27.16.15.04.13.32.62.21.81.46.0
Investmentsn/an/an/an/an/an/a152109153152183
Cash and equivalents167122164167367350174197145339364
Receivables54.826.336.237.228.727.050.147.3176134180
Other assets36633721722815513472.8203318515613
Total assets6445434774886035544895988361,1861,401
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a19.2%27.6%29.0%
Profit growth, compoundedn/a42.0%60.9%53.0%
Return on equity, average14.1%17.7%21.7%29.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Argan's revenue in fiscal 2026?

Argan (AGX) reported revenue of $945 million for fiscal 2026, the year ended 31 January 2026, up 8.1% on the year before.

How much did Argan earn in fiscal 2026?

Net income was $138 million for fiscal 2026, and diluted earnings per share $9.74.

What is Argan's P/E ratio?

At the close of 9 October 2026, Argan traded at 31.1 times its earnings over the twelve months to 31 July 2026.

What is Argan's market cap?

The market cap of Argan was $5.5 billion at the close of 9 October 2026.

Does Argan pay a dividend?

Yes. Argan declared $1.75 a share in dividends over the four quarters to 31 July 2026.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4032.1%
Everus Construction Group, Inc. ECG$6.3 billion24.6432.9%7.8%30.5%0.35n/a
IES Holdings, Inc. IESC$5.9 billion13.2237.1%12.4%22.7%0.00n/a
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Installed Building Products, Inc. IBP$4.9 billion19.9639.2%12.4%0.3%1.661.8%
Granite Construction Inc. GVA$4.9 billionn/a-21.9%6.3%21.8%2.070.5%
Construction Partners, Inc. ROAD$4.9 billion34.0513.7%8.6%41.9%1.68n/a
MYR Group Inc. MYRG$4.9 billion29.5721.9%5.6%16.1%0.01n/a
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
Sunrun Inc. RUN$1.8 billion5.1711.5%2.7%63.2%4.34n/a
All 31 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$106.0 billion80.8313.8%6.2%26.3%0.560.1%
Comfort Systems USA Inc. FIX$60.4 billion42.2044.6%16.5%46.1%0.020.1%
D.R. Horton, Inc. DHI$37.9 billion12.8312.8%n/a-3.5%0.301.3%
Emcor Group, Inc. EME$34.9 billion24.5635.3%10.4%18.9%0.000.2%
PulteGroup Inc. PHM$21.0 billion11.4514.6%n/a-7.3%0.140.8%
Lennar Corp. LEN$18.2 billion14.496.1%5.4%-8.0%0.270.3%
Mastec Inc. MTZ$17.1 billion33.9014.2%n/a23.5%0.74n/a
Jacobs Solutions Inc. J$16.3 billion49.5210.4%4.6%20.1%1.101.0%
Sterling Infrastructure, Inc. STRL$15.7 billion36.9831.8%17.5%60.8%0.20n/a
NVR Inc. NVR$15.7 billion15.3033.7%n/a-9.9%0.27n/a
Toll Brothers, Inc. TOL$12.3 billion10.6914.0%13.8%-1.1%0.320.7%
Dycom Industries Inc. DY$8.1 billion24.5016.0%7.8%37.8%1.35n/a
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4032.1%
Everus Construction Group, Inc. ECG$6.3 billion24.6432.9%7.8%30.5%0.35n/a
IES Holdings, Inc. IESC$5.9 billion13.2237.1%12.4%22.7%0.00n/a
Argan Inc. AGX$5.5 billion31.0735.4%15.4%29.0%0.000.4%
Installed Building Products, Inc. IBP$4.9 billion19.9639.2%12.4%0.3%1.661.8%
Granite Construction Inc. GVA$4.9 billionn/a-21.9%6.3%21.8%2.070.5%
Construction Partners, Inc. ROAD$4.9 billion34.0513.7%8.6%41.9%1.68n/a
MYR Group Inc. MYRG$4.9 billion29.5721.9%5.6%16.1%0.01n/a
Primoris Services Corp. PRIM$4.5 billion32.798.7%2.9%5.1%0.500.4%
Kbr, Inc. KBR$4.5 billion10.6425.9%9.6%-4.3%1.561.9%
Tutor Perini Corp. TPC$4.4 billion35.919.8%4.5%24.7%0.310.1%
GEO Group Inc. GEO$4.1 billion14.6919.2%11.2%15.4%1.000.0%
M/I Homes, Inc. MHO$3.2 billion10.759.8%9.3%-5.0%0.17n/a
Green Brick Partners, Inc. GRBK$2.7 billion9.4714.7%n/a-6.2%0.14n/a
KB Home KBH$2.6 billion12.156.0%n/a-20.8%0.552.3%
Sunrun Inc. RUN$1.8 billion5.1711.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.6 billion12.205.2%n/a-8.9%0.44n/a
LGI Homes, Inc. LGIH$1.0 billion15.373.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$856 million6.5510.2%n/a-12.2%1.27n/a
1 company shares its SEC industry code (Construction - Special Trade Contractors); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q31 July 20262 September 2026EDGAR
10-Q30 April 20264 June 2026EDGAR
10-K31 January 202626 March 2026EDGAR
10-Q31 October 20254 December 2025EDGAR
10-Q31 July 20254 September 2025EDGAR
10-Q30 April 20254 June 2025EDGAR
10-K31 January 202527 March 2025EDGAR
10-Q31 October 20245 December 2024EDGAR
10-Q31 July 20245 September 2024EDGAR
10-Q30 April 20246 June 2024EDGAR

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