Argan, Inc.(AGX)Earnings, Financials & Key Ratios

AGX•NYSE

$727.54

$10.09B mkt cap·118.3× P/E·Price updated May 6, 2026

SectorIndustrials IndustryEngineering & Construction Sub-IndustryEnergy, pipeline and power contractors

AboutArgan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments. The Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, fertilizer, and mining companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.Show more

Revenue$874M+52.5%
EBITDA$94M+141.5%
Net Income$85M+164.1%
EPS (Diluted)6.15+157.3%
Gross Margin16.13%+14.4%
EBITDA Margin10.74%+58.4%
Operating Margin10.09%+58.7%
Net Margin9.78%+73.2%
ROE26.59%+135.0%
ROIC43.24%+62.2%
Debt/Equity0.01-17.8%

Analysis→Technical→

AGX Key Insights

Argan, Inc. (AGX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 18.4% free cash flow margin
✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 29.6%

✗Weaknesses

✗Expensive at 28.8x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AGX Price & Volume

Argan, Inc. (AGX) stock price & volume — 10-year historical chart

Loading chart...

AGX Growth Metrics

Argan, Inc. (AGX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.6%

5 Years29.61%

3 Years19.73%

TTM13.49%

Profit CAGR

10 Years10.87%

5 Years-

3 Years30.74%

TTM81.42%

EPS CAGR

10 Years11.61%

5 Years-

3 Years36.84%

TTM77.62%

Return on Capital

10 Years18.56%

5 Years14.42%

3 Years17.68%

Last Year27.04%

AGX Recent Earnings

Argan, Inc. (AGX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

Mar 26, 2026

EPS

$3.47

Est $1.99

+74.4%

Revenue

$262M

Est $255M

+2.6%

Q4 2025

Dec 4, 2025

EPS

$2.17

Est $2.05

+5.9%

Revenue

$251M

Est $264M

-4.8%

Q4 2025

Sep 4, 2025

EPS

$2.50

Est $1.99

+25.6%

Revenue

$238M

Est $243M

-2.2%

Q3 2025

Jun 4, 2025

EPS

$1.60

Est $1.09

+46.8%

Revenue

$194M

Est $194M

-0.0%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 26, 2026	$3.47vs $1.99+74.4%	$262Mvs $255M+2.6%
Q4 2025	Dec 4, 2025	$2.17vs $2.05+5.9%	$251Mvs $264M-4.8%
Q4 2025	Sep 4, 2025	$2.50vs $1.99+25.6%	$238Mvs $243M-2.2%
Q3 2025	Jun 4, 2025	$1.60vs $1.09+46.8%	$194Mvs $194M-0.0%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
MYRGMYR Group Inc.Direct Competitor	7.08B	454.78	60.40	8.79%	3.71%	22.14%	0.16
PWRQuanta Services, Inc.Direct Competitor	117.83B	785.24	115.48	19.76%	3.72%	12.96%	0.13
MTZMasTec, Inc.Direct Competitor	34.15B	433.28	85.46	16.22%	3%	14.16%	0.84
PRIMPrimoris Services CorporationDirect Competitor	5.5B	101.37	20.19	18.97%	3.31%	15.21%	0.76
WLDNWilldan Group, Inc.Direct Competitor	1.12B	75.71	21.69	20.46%	7.71%	19.12%	0.23
FIXComfort Systems USA, Inc.Product Competitor	70.76B	2011.21	69.64	29.52%	12.07%	51.69%	0.32
TTEKTetra Tech, Inc.Product Competitor	8.09B	31.01	33.34	4.69%	8.96%	24.36%	0.55
STRLSterling Infrastructure, Inc.Product Competitor	27.19B	886.22	94.48	17.69%	12.02%	32.26%	0.32

Compare AGX vs Peers

Argan, Inc. (AGX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MYRG

Most directly comparable listed peer for AGX.

Scale Benchmark

vs CAT

Larger-name benchmark to compare AGX against a more recognizable public peer.

Peer Set

Compare Top 5

vs MYRG, PWR, MTZ, PRIM

AGX Income Statement

Argan, Inc. (AGX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Jan'17	Jan'18	Jan'19	Jan'20	Jan'21	Jan'22	Jan'23	Jan'24	Jan'25	TTM
Sales/Revenue	675.05M	892.82M	482.15M	239M	392.21M	509.37M	455.04M	573.33M	874.18M	915.03M
Revenue Growth %	63.34%	32.26%	-46%	-50.43%	64.11%	29.87%	-10.67%	26%	52.47%	13.49%
Cost of Goods Sold	528.34M	743.49M	399.71M	245.82M	330.14M	409.64M	368.68M	492.5M	733.19M	739.34M
COGS % of Revenue	78.27%	83.27%	82.9%	102.85%	84.17%	80.42%	81.02%	85.9%	83.87%	-
Gross Profit	146.71M▲ 0%	149.32M▲ 1.8%	82.44M▼ 44.8%	-6.82M▼ 108.3%	62.07M▲ 1010.1%	99.73M▲ 60.7%	86.36M▼ 13.4%	80.83M▼ 6.4%	140.99M▲ 74.4%	175.69M▲ 0%
Gross Margin %	21.73%	16.73%	17.1%	-2.85%	15.83%	19.58%	18.98%	14.1%	16.13%	19.2%
Gross Profit Growth %	47.5%	1.78%	-44.79%	-108.27%	1010.07%	60.68%	-13.41%	-6.4%	74.42%	-
Operating Expenses	32.48M	41.76M	40.71M	44.13M	39.04M	47.32M	44.69M	44.38M	52.79M	55.99M
OpEx % of Revenue	4.81%	4.68%	8.44%	18.46%	9.95%	9.29%	9.82%	7.74%	6.04%	-
Selling, General & Admin	32.48M	41.76M	40.71M	44.13M	39.04M	47.32M	44.69M	44.38M	52.79M	55.99M
SG&A % of Revenue	4.81%	4.68%	8.44%	18.46%	9.95%	9.29%	9.82%	7.74%	6.04%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income	112.25M▲ 0%	106.98M▼ 4.7%	40.24M▼ 62.4%	-55.84M▼ 238.8%	18.41M▲ 133.0%	44.51M▲ 141.8%	41.67M▼ 6.4%	36.46M▼ 12.5%	88.19M▲ 141.9%	119.7M▲ 0%
Operating Margin %	16.63%	11.98%	8.35%	-23.36%	4.69%	8.74%	9.16%	6.36%	10.09%	13.08%
Operating Income Growth %	50.87%	-4.7%	-62.39%	-238.78%	132.96%	141.81%	-6.38%	-12.51%	141.91%	-
EBITDA	115.46M	110.79M	44.67M	-51.19M	23.03M	48.75M	45.38M	38.86M	93.86M	122.85M
EBITDA Margin %	17.1%	12.41%	9.26%	-21.42%	5.87%	9.57%	9.97%	6.78%	10.74%	13.43%
EBITDA Growth %	52.49%	-4.05%	-59.68%	-214.6%	144.98%	111.7%	-6.9%	-14.37%	141.5%	78.11%
D&A (Non-Cash Add-back)	3.21M	3.81M	4.43M	4.65M	4.62M	4.24M	3.71M	2.4M	5.66M	3.15M
EBIT	114.23M	107.56M	41.73M	-50.95M	23.03M	52.41M	41.67M	36.46M	88.19M	92.64M
Net Interest Income	0	0	0	5M	0	-10.71M	0	0	21.2M	11M
Interest Income	0	0	0	5M	0	0	0	0	21.2M	11M
Interest Expense	8.78M	0	0	0	0	10.71M	0	0	0	0
Other Income/Expense	2.28M	5.65M	6.98M	8.07M	1.86M	2.55M	4.33M	12.47M	23.01M	24.05M
Pretax Income	114.53M▲ 0%	112.63M▼ 1.7%	47.22M▼ 58.1%	-47.77M▼ 201.2%	24.89M▲ 152.1%	47.06M▲ 89.1%	46M▼ 2.3%	48.93M▲ 6.4%	111.2M▲ 127.3%	143.75M▲ 0%
Pretax Margin %	16.97%	12.61%	9.79%	-19.99%	6.34%	9.24%	10.11%	8.53%	12.72%	15.71%
Income Tax	37.11M	40.28M	-4.65M	-4.83M	-3.58M	11.36M	11.3M	16.57M	25.75M	23.82M
Effective Tax Rate %	32.4%	35.76%	-9.85%	10.11%	-14.41%	24.13%	24.56%	33.87%	23.15%	16.57%
Net Income	70.33M▲ 0%	72.01M▲ 2.4%	52.04M▼ 27.7%	-42.94M▼ 182.5%	23.85M▲ 155.6%	38.24M▲ 60.3%	33.1M▼ 13.5%	32.36M▼ 2.2%	85.46M▲ 164.1%	119.93M▲ 0%
Net Margin %	10.42%	8.07%	10.79%	-17.96%	6.08%	7.51%	7.27%	5.64%	9.78%	13.11%
Net Income Growth %	93.5%	2.39%	-27.74%	-182.51%	155.55%	60.35%	-13.46%	-2.24%	164.1%	81.42%
Net Income (Continuing)	77.43M	72.35M	51.87M	-40.71M	23.81M	35.71M	34.7M	32.36M	85.46M	89.19M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	937K	43K	-196K	1.78M	1.74M	-797K	0	0	0	0
EPS (Diluted)	4.50▲ 0%	4.56▲ 1.3%	3.32▼ 27.2%	-2.75▼ 182.8%	1.51▲ 154.9%	2.40▲ 58.9%	2.33▼ 2.9%	2.39▲ 2.6%	6.15▲ 157.3%	8.47▲ 0%
EPS Growth %	85.95%	1.33%	-27.19%	-182.83%	154.91%	58.94%	-2.92%	2.58%	157.32%	77.62%
EPS (Basic)	4.67	4.64	3.34	-2.75	1.52	2.43	2.35	2.42	6.35	-
Diluted Shares Outstanding	15.63M	15.78M	15.69M	15.62M	15.82M	15.91M	14.18M	13.55M	13.91M	14.16M
Basic Shares Outstanding	15.07M	15.52M	15.57M	15.62M	15.67M	15.71M	14.08M	13.37M	13.45M	13.83M
Dividend Payout Ratio	21.7%	21.59%	30.06%	-	197.25%	40.96%	42.17%	45.38%	21.38%	-

AGX Balance Sheet

Argan, Inc. (AGX) balance sheet — assets, liabilities & shareholders' equity

Line item	Jan'17	Jan'18	Jan'19	Jan'20	Jan'21	Jan'22	Jan'23	Jan'24	Jan'25	TTM
Total Current Assets	587.95M	545.75M	416.35M	421.75M	546.22M	507.28M	438.7M	547.18M	781.3M	997.17M
Cash & Short-Term Investments	522.99M	434.01M	296.53M	327.86M	456.73M	440.5M	325.46M	412.4M	525.14M	726.82M
Cash Only	167.2M	122.11M	164.32M	167.36M	366.67M	350.47M	173.95M	197.03M	145.26M	306.29M
Short-Term Investments	355.8M	311.91M	132.21M	160.5M	90.06M	90.03M	151.51M	215.37M	379.87M	420.53M
Accounts Receivable	58.03M	40.13M	94.53M	70.57M	55.35M	31.88M	90.24M	113.78M	240.14M	213.39M
Days Sales Outstanding	31.38	16.41	71.56	107.78	51.51	22.85	72.38	72.44	100.27	86.46
Inventory	0	0	0	0	0	738K	11.9M	9.98M	320K	6.76M
Days Inventory Outstanding	-	-	-	-	-	0.66	11.78	7.4	0.16	1.17
Other Current Assets	0	-1.53M	25.29M	23.32M	34.15M	1.76M	6.56M	4.97M	9.95M	43.89M
Total Non-Current Assets	56.54M	57.64M	60.3M	65.78M	56.41M	46.3M	50.78M	51.05M	54.93M	53.7M
Property, Plant & Equipment	13.11M	15.3M	19.78M	24.95M	24.12M	14.49M	16.45M	18.54M	24.52M	21.63M
Fixed Asset Turnover	51.48x	58.36x	24.38x	9.58x	16.26x	35.16x	27.66x	30.92x	35.66x	38.64x
Goodwill	34.91M	34.33M	32.84M	27.94M	27.94M	28.03M	28.03M	28.03M	28.03M	28.03M
Intangible Assets	8.18M	7.15M	6.14M	5M	4.1M	3.32M	2.61M	2.22M	1.83M	1.53M
Long-Term Investments	0	0	0	0	0	0	0	0	0	2.5M
Other Non-Current Assets	92K	426K	0	0	0	0	0	0	0	0
Total Assets	644.49M▲ 0%	542.67M▼ 15.8%	476.65M▼ 12.2%	487.54M▲ 2.3%	602.63M▲ 23.6%	553.59M▼ 8.1%	489.49M▼ 11.6%	598.23M▲ 22.2%	836.23M▲ 39.8%	1.05B▲ 0%
Asset Turnover	1.05x	1.65x	1.01x	0.49x	0.65x	0.92x	0.93x	0.96x	1.05x	1.03x
Asset Growth %	57.27%	-15.8%	-12.17%	2.29%	23.61%	-8.14%	-11.58%	22.22%	39.78%	124.82%
Total Current Liabilities	350.72M	243.99M	82.28M	144.03M	276.09M	223.03M	202.5M	302.26M	479.86M	619.86M
Accounts Payable	101.94M	100.24M	39.87M	35.44M	53.3M	41.82M	56.38M	39.48M	97.3M	100.8M
Days Payables Outstanding	70.43	49.21	36.41	52.63	58.92	37.26	55.81	29.26	48.44	44.85
Short-Term Debt	0	0	0	0	0	0	0	0	0	2.63M
Deferred Revenue (Current)	209.24M	47.66M	8.35M	72.69M	172.04M	127.89M	96.26M	181.05M	299.24M	1.35B
Other Current Liabilities	0	0	0	0	0	18.61M	18.29M	21.21M	29.77M	36.47M
Current Ratio	1.68x	2.24x	5.06x	2.93x	1.98x	2.27x	2.17x	1.81x	1.63x	1.63x
Quick Ratio	1.68x	2.24x	5.06x	2.93x	1.98x	2.27x	2.11x	1.78x	1.63x	1.63x
Cash Conversion Cycle	-	-	-	-	-	-13.76	28.35	50.57	51.99	42.78
Total Non-Current Liabilities	1.2M	1.28M	960K	2.48M	4.13M	4.96M	6.09M	5.03M	4.51M	11.3M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	1.2M	1.28M	0	0	0	0	0	0	0	7.53M
Other Non-Current Liabilities	0	0	960K	2.48M	4.13M	4.96M	6.09M	5.03M	4.51M	18.8M
Total Liabilities	351.92M	184.54M	82.28M	146.51M	280.22M	227.99M	208.59M	307.29M	484.37M	631.16M
Total Debt	0	0	0	0	0	1.37M	1.57M	2.73M	2.71M	2.63M
Net Debt	-167.2M	-122.11M	-164.32M	-167.36M	-366.67M	-349.11M	-172.38M	-194.31M	-142.55M	-303.67M
Debt / Equity	-	-	-	-	-	0.00x	0.01x	0.01x	0.01x	0.01x
Debt / EBITDA	-	-	-	-	-	0.03x	0.03x	0.07x	0.03x	0.02x
Net Debt / EBITDA	-1.45x	-1.10x	-3.68x	-	-15.92x	-7.16x	-3.80x	-5.00x	-1.52x	-1.52x
Interest Coverage	12.79x	-	-	-	-	4.16x	-	-	-	-
Total Equity	292.57M▲ 0%	358.13M▲ 22.4%	394.37M▲ 10.1%	341.03M▼ 13.5%	322.41M▼ 5.5%	325.6M▲ 1.0%	280.9M▼ 13.7%	290.94M▲ 3.6%	351.86M▲ 20.9%	419.71M▲ 0%
Equity Growth %	31.87%	22.41%	10.12%	-13.53%	-5.46%	0.99%	-13.73%	3.57%	20.94%	100.38%
Book Value per Share	18.72	22.70	25.13	21.83	20.37	20.46	19.81	21.47	25.30	29.65
Total Shareholders' Equity	291.63M	358.08M	394.57M	339.25M	320.67M	326.39M	280.9M	290.94M	351.86M	419.71M
Common Stock	2.32M	2.34M	2.34M	2.35M	2.36M	2.37M	2.37M	2.37M	2.37M	2.37M
Retained Earnings	154.65M	211.11M	247.62M	189.31M	166.11M	188.69M	207.83M	225.51M	292.7M	363.96M
Treasury Stock	0	0	0	0	-33K	-20.41M	-88.64M	-97.53M	-105.64M	-113.59M
Accumulated OCI	-762K	1.42M	-346K	-1.12M	-1.08M	-2.45M	-2.88M	-3.6M	-6.54M	-109K
Minority Interest	937K	43K	-196K	1.78M	1.74M	-797K	0	0	0	0

AGX Cash Flow Statement

Argan, Inc. (AGX) cash flow — operating, investing & free cash flow history

Line item	Jan'17	Jan'18	Jan'19	Jan'20	Jan'21	Jan'22	Jan'23	Jan'24	Jan'25	TTM
Cash from Operations	259.04M	-72.79M	-112.32M	53.56M	174.68M	28.41M	-30.06M	116.86M	167.58M	167.58M
Operating CF Margin %	38.37%	-8.15%	-23.3%	22.41%	44.54%	5.58%	-6.61%	20.38%	19.17%	-
Operating CF Growth %	871.03%	-128.1%	-54.3%	147.69%	226.11%	-83.73%	-205.79%	488.74%	43.41%	570.86%
Net Income	77.43M	72.35M	51.87M	-40.71M	23.81M	35.71M	34.7M	32.36M	85.46M	119.93M
Depreciation & Amortization	3.21M	3.81M	4.43M	4.65M	4.62M	4.24M	3.71M	2.4M	5.66M	5.4M
Stock-Based Compensation	2.34M	4.65M	1.65M	3.83M	4.84M	3.46M	3.96M	4.46M	4.46M	6.38M
Deferred Taxes	1.24M	-64K	-2.14M	-6.64M	7.64M	-208K	-3.23M	1.33M	1.86M	6.53M
Other Non-Cash Items	2.5M	-664K	1.19M	6.79M	2.46M	14.1M	-195K	-1.67M	2.26M	137.22M
Working Capital Changes	172.34M	-152.87M	-169.32M	87.35M	133.21M	-28.88M	-69.01M	77.97M	67.88M	11.55M
Change in Receivables	9.22M	-39.59M	-10.2M	-1.04M	8.46M	-480K	-23.25M	0	-128.61M	-21.79M
Change in Inventory	0	0	0	3.28M	-31.44M	5.74M	-9.08M	0	0	0
Change in Payables	59.52M	-6.16M	-60.19M	-3.28M	31.44M	-5.74M	9.08M	0	66.23M	-145K
Cash from Investing	-243.81M	38.67M	170.63M	-36.06M	68.3M	-7.04M	-63.12M	-67.61M	-193.62M	-118.16M
Capital Expenditures	-2.81M	-4.83M	-8.6M	-7.06M	-1.7M	-1.42M	-3.37M	-2.76M	-6.58M	-4.04M
CapEx % of Revenue	0.42%	0.54%	1.78%	2.95%	0.43%	0.28%	0.74%	0.48%	0.75%	-
Acquisitions	0	0	0	29M	-1.33M	-5.62M	59.75M	-5.11M	0	-13.01M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-241M	-1.5M	225K	-29M	1.33M	-5.02M	-59.75M	0	-21.34M	38.46M
Cash from Financing	-8.86M	-13.62M	-15.54M	-13.99M	-45.41M	-34.61M	-82.8M	-26.05M	-26.06M	-40.9M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	0	0	0	0	0	-1000K	-1000K	-1000K	-1000K	-2.08M
Dividends Paid	-15.26M	-15.55M	-15.64M	-15.62M	-47.05M	-15.66M	-13.96M	-14.68M	-18.27M	-22.3M
Share Repurchases	0	0	0	0	0	-20.37M	-68.24M	-12.46M	-1.52M	-7.93M
Other Financing	6.4M	1.93M	30K	1.63M	1.64M	1.43M	-611K	1.1M	-6.27M	-10.67M
Net Change in Cash	6.29M▲ 0%	-45.09M▼ 817.0%	42.21M▲ 193.6%	3.04M▼ 92.8%	199.31M▲ 6445.4%	-16.2M▼ 108.1%	-176.53M▼ 989.7%	23.09M▲ 113.1%	-51.77M▼ 324.3%	130.94M▲ 0%
Free Cash Flow	256.23M▲ 0%	-77.62M▼ 130.3%	-120.92M▼ 55.8%	46.51M▲ 138.5%	172.98M▲ 272.0%	26.99M▼ 84.4%	-33.43M▼ 223.9%	114.1M▲ 441.3%	161M▲ 41.1%	282.98M▲ 0%
FCF Margin %	37.96%	-8.69%	-25.08%	19.46%	44.11%	5.3%	-7.35%	19.9%	18.42%	30.93%
FCF Growth %	797.9%	-130.29%	-55.79%	138.46%	271.95%	-84.4%	-223.86%	441.29%	41.1%	99.67%
FCF per Share	16.40	-4.92	-7.71	2.98	10.93	1.70	-2.36	8.42	11.58	11.58
FCF Conversion (FCF/Net Income)	3.68x	-1.01x	-2.16x	-1.25x	7.32x	0.74x	-0.91x	3.61x	1.96x	2.36x
Interest Paid	0	0	659K	0	0	0	0	0	0	1.14M
Taxes Paid	36.86M	44.31M	3.9M	0	0	13.9M	6.67M	14.3M	30.83M	23.73M

AGX Key Ratios

Argan, Inc. (AGX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	27.34%	22.13%	13.83%	-11.68%	7.19%	11.8%	10.91%	11.32%	26.59%	28.57%
Return on Invested Capital (ROIC)	90.37%	44.4%	12.95%	-20.75%	21.34%	-	73.53%	26.66%	43.24%	43.24%
Gross Margin	21.73%	16.73%	17.1%	-2.85%	15.83%	19.58%	18.98%	14.1%	16.13%	19.2%
Net Margin	10.42%	8.07%	10.79%	-17.96%	6.08%	7.51%	7.27%	5.64%	9.78%	13.11%
Debt / Equity	-	-	-	-	-	0.00x	0.01x	0.01x	0.01x	0.01x
Interest Coverage	12.79x	-	-	-	-	4.16x	-	-	-	-
FCF Conversion	3.68x	-1.01x	-2.16x	-1.25x	7.32x	0.74x	-0.91x	3.61x	1.96x	2.36x
Revenue Growth	63.34%	32.26%	-46%	-50.43%	64.11%	29.87%	-10.67%	26%	52.47%	13.49%

AGX SEC Filings & Documents

Argan, Inc. (AGX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 8, 2026·SEC

Material company update

Mar 26, 2026·SEC

Material company update

Dec 11, 2025·SEC

10-K Annual Reports

FY 2026

Mar 26, 2026·SEC

FY 2025

Mar 27, 2025·SEC

FY 2024

Apr 11, 2024·SEC

10-Q Quarterly Reports

FY 2025

Dec 4, 2025·SEC

FY 2025

Sep 4, 2025·SEC

FY 2025

Jun 4, 2025·SEC

AGX Frequently Asked Questions

Argan, Inc. (AGX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Argan, Inc. (AGX) reported $915.0M in revenue for fiscal year 2025. This represents a 10279% increase from $8.8M in 1996.

Argan, Inc. (AGX) grew revenue by 52.5% over the past year. This is strong growth.

Yes, Argan, Inc. (AGX) is profitable, generating $119.9M in net income for fiscal year 2025 (9.8% net margin).

Dividend & Returns

Yes, Argan, Inc. (AGX) pays a dividend with a yield of 0.18%. This makes it attractive for income-focused investors.

Argan, Inc. (AGX) has a return on equity (ROE) of 26.6%. This is excellent, indicating efficient use of shareholder capital.

Argan, Inc. (AGX) generated $283.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More AGX

Argan, Inc. (AGX) financial analysis — history, returns, DCA and operating performance tools

Full AGX Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

→

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Argan, Inc.(AGX)Earnings, Financials & Key Ratios

AGX Key Insights

✓Strengths

✗Weaknesses

AGX Price & Volume

AGX Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

AGX Recent Earnings

AGX Peer Comparison

Compare AGX vs Peers

vs MYRG

vs CAT

Compare Top 5

AGX Income Statement

AGX Balance Sheet

AGX Cash Flow Statement

AGX Key Ratios

AGX SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

AGX Frequently Asked Questions

Explore More AGX

Full AGX Stock Analysis

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation