Argan, Inc. (AGX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AGX Revenue Growth
Revenue Breakdown (FY 2025)
AGX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AGX Revenue Analysis (2014–2025)
As of May 8, 2026, Argan, Inc. (AGX) generated trailing twelve-month (TTM) revenue of $915.0 million, reflecting slight decline in growth of -2.3% year-over-year. The most recent quarter (Q3 2026) recorded $251.2 million in revenue, up 5.6% sequentially.
Looking at the longer-term picture, AGX's 5-year compound annual growth rate (CAGR) stands at +29.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $892.8 million in 2018.
Revenue diversification analysis shows AGX's business is primarily driven by Power Industry Services (79%), Industrial Fabrication And Field Services (19%), and Telecommunications Infrastructure Services (2%). With over half of revenue concentrated in Power Industry Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including MYRG (+13.1% YoY), PWR (+20.6% YoY), and MTZ (+22.6% YoY), AGX has underperformed the peer group in terms of revenue growth. Compare AGX vs MYRG →
AGX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AGXCurrent | $915M | -2.3% | +29.6% | 10.1% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% | |
 PWR | $28.4B | +20.6% | +20.4% | 5.8% | |
 MTZ | $14.3B | +22.6% | +17.7% | 4.6% | |
 PRIM | $7.6B | +13.4% | +16.8% | 5.5% | |
 WLDN | $682M | +14.9% | +11.8% | 6.5% |
AGX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $874.2M | +52.5% | $141.0M | 16.1% | $88.2M | 10.1% |
| 2024 | $573.3M | +26.0% | $80.8M | 14.1% | $36.5M | 6.4% |
| 2023 | $455.0M | -10.7% | $86.4M | 19.0% | $41.7M | 9.2% |
| 2022 | $509.4M | +29.9% | $99.7M | 19.6% | $44.5M | 8.7% |
| 2021 | $392.2M | +64.1% | $62.1M | 15.8% | $18.4M | 4.7% |
| 2020 | $239.0M | -50.4% | $-6,820,000 | -2.9% | $-55,840,000 | -23.4% |
| 2019 | $482.2M | -46.0% | $82.4M | 17.1% | $40.2M | 8.3% |
| 2018 | $892.8M | +32.3% | $149.3M | 16.7% | $107.0M | 12.0% |
| 2017 | $675.0M | +63.3% | $146.7M | 21.7% | $112.3M | 16.6% |
| 2016 | $413.3M | +7.9% | $99.5M | 24.1% | $74.4M | 18.0% |
Full AGX Stock Analysis
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Start ComparisonAGX — Frequently Asked Questions
Quick answers to the most common questions about buying AGX stock.
Is AGX's revenue growth accelerating or slowing?
AGX revenue growth slowed to -2.3%, below the 5-year CAGR of +29.6%. TTM revenue is $915M. The deceleration marks a shift from historical growth rates.
What is AGX's long-term revenue growth rate?
Argan, Inc.'s 5-year revenue CAGR of +29.6% reflects the variable expansion pattern. Current YoY growth of -2.3% is near this long-term average.
How is AGX's revenue distributed by segment?
AGX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.