Argan, Inc.

Argan, Inc.

AGX
Argan, Inc.US flagNew York Stock Exchange
361.06
USD
-13.34
- -
5.06BMarket Cap
Argan, Inc.
AGX
(New York Stock Exchange)

Recent

price

361.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
13.43
10.42
20.21
16.16
26.54
28.01
44.81
57.52
30.97
15.3
25.03
32.41
32.31
42.9
65
68.59
85.31
Revenue per Share
0.57
0.68
1.69
2.85
2.11
2.46
4.67
4.64
3.34
-2.73
1.52
2.43
2.35
2.42
6.35
10
12.87
Basic EPS, GAAP
1.39
5.66
2.24
6.91
6.26
-2.45
17.01
-5
-7.77
2.98
11.13
1.72
-2.37
8.54
11.97
29.83
39.18
Free Cash Flow per Basic Share
- -
0.5
0.61
0.76
0.7
0.7
1.01
1
1
1
3
1
0.99
1.1
1.36
1.76
2.01
Dividend per Share
7.18
7.41
8.65
10.94
12.68
14.73
18.87
23
25.34
21.7
20.42
21.39
20.9
21.97
25.81
33.14
36.12
Book Value per Share
5.61
5.87
7.16
9.5
11.29
11.58
16.08
20.34
22.83
19.59
18.38
19.34
18.62
19.69
23.62
31.02
33.5
Tangible Book Value per Share
14
14
14
14
14
15
15
16
16
16
16
16
14
13
13
14
14
Basic Weighted Avg Shares
183
142
279
227
383
413
675
893
482
239
392
509
455
573
874
945
1,188
Sales/Revenue/Turnover
9.31
8.4
12.7
28.99
16.74
18
16.92
12.05
8.65
-21.32
5.87
10.29
9.16
6.36
10.09
14.26
15.36
Operating Margin (%)
1
1
1
1
1
1
3
4
4
5
5
4
6
4
6
6
9
Depreciation Expense
8
9
23
40
30
36
70
72
52
-43
24
38
33
32
85
138
179
Net Income, GAAP
41.29
38.08
38.26
37.49
32.49
33.51
32.4
35.76
- -
- -
4.32
24.13
24.56
33.87
23.15
14.16
16.89
Effective Tax Rate (%)
4.26
6.54
8.35
17.64
7.95
8.79
10.42
8.07
10.79
-17.86
6.08
7.51
7.27
5.64
9.78
14.59
15.09
Profit Margin (%)
73
76
89
133
149
163
237
302
335
278
270
284
236
245
301
421
440
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
98
101
119
158
175
222
293
358
394
341
322
326
281
291
352
462
507
Total Equity
10.62
7.64
20.89
31
26.9
25.31
30.17
21.3
- -
- -
6.64
12.29
10.39
8.42
21.03
28.29
33.28
Return on Invested Capital (%)
8.3
9.64
22.45
26.65
10.48
11.33
24.58
22.03
- -
- -
7.2
12.56
10.33
11.23
26.37
33.63
39.27
Return on Capital (%)
8.36
9.32
20.94
28.95
17.82
17.99
27.57
22.17
13.83
-11.63
7.23
11.82
10.9
11.32
26.59
33.85
39.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jan'26
Apr'27
Jul'27
ST Debt
3
10
11
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
4,842
9,393
8,005

Working Capital

FRC

•

in mil. unless spec.
Jan'26
Apr'27
Jul'27
Total Current Assets
1,132
1,216
1,318
Cash, Cash Equivalents & STI
895
974
1,028
Accounts Receivable, Net
134
106
180
Inventories
11
12
13
Total Current Liabilities
711
795
878
Payables & Accruals
154
192
200
ST Debt
3
10
11
Deferred Revenue
514
566
627

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.86%
8.63%
31.38%
Free Cash Flow
-130.03%
-110.68%
155.18%
Net Income, GAAP
0.02%
53.99%
61.22%
Sales/Revenue/Turnover
16.9%
21.15%
8.06%
Total Cash Common Dividend
23.55%
-3.02%
32.88%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
158
227
257
232
874
2026
194
238
251
262
945
2027
291
384
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.59
1.36
2.07
2.31
6.35
2026
1.65
2.57
2.22
3.54
10
2027
3.3
3.8
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.3
0.3
0.38
0.37
1.36
2026
0.37
0.38
0.51
0.5
1.76
2027
0.5
0.5
- -
- -
- -
Business
Argan, Inc. operates as a publicly traded holding company primarily engaged in engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services for the power generation market. The company conducts its activities mainly through its wholly owned subsidiaries, which include Gemma Power Systems (GPS), Atlantic Power Construction (APC), The Roberts Company (TRC), and Summit Mechanical Contractors (SMC). Argan's core product and service offerings encompass the design and construction of power plants, including conventional natural gas-fired plants and alternative energy facilities such as biomass plants, wind farms, solar fields, biofuel plants, ethanol and biodiesel plants, and waste-to-energy facilities. Additionally, Argan provides industrial construction services catering to heavy and light industrial clients across sectors such as agriculture, petrochemical, pulp and paper, water, and power. The company also offers telecommunications infrastructure services. Geographically, Argan operates primarily in the United States with project activities extending to Ireland and the United Kingdom. Founded in 1978 and headquartered in Arlington, Virginia, Argan generates the majority of its revenue from the Power Services segment, which designs, builds, commissions, and maintains energy generation facilities. Notably, the company has a project backlog including large-scale energy projects with approximately 18 gigawatts of power-generating capacity. Recent major developments in the past 1-2 years include Argan’s subsidiary GPS receiving full notice to proceed on the Tarbert Next Generation Power Station, a 300 megawatt biofuel facility in Ireland, illustrating its expansion in renewable energy infrastructure. The company continues to strengthen strategic partnerships, such as its collaboration with CPV for the construction of the CPV Basin Ranch Energy Center in Texas. Argan maintains a significant project development pipeline with investments and new projects identified for 2025-2026, reflecting a strategic focus on building innovative power solutions to support the transition to low-carbon and zero-carbon emissions. It also continues to expand its industrial services and telecommunications segments to diversify its business base. Overall, Argan, Inc. positions itself as a comprehensive engineering and construction firm specializing in power industry services, industrial construction, and telecommunications infrastructure, with a strong emphasis on renewable energy and sustainability initiatives within its operational footprint in the U.S., Ireland, and the U.K. It is recognized for executing complex power generation and infrastructure projects for a diverse clientele, including independent power project owners, public utilities, and industrial customers. The company’s leadership has demonstrated capability in expanding operations and enhancing the growth potential of its subsidiary entities. Argan operates with a workforce of approximately 1,595 employees and maintains a sizeable project backlog indicative of ongoing and upcoming industry engagements. Recent institutional investor interest further underscores its market presence and growth prospects.

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