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Argan

AGX

Argan, Inc. is a holding company that provides a comprehensive suite of engineering, procurement, and construction (EPC) services across the energy and industrial sectors.

Market cap
$9.64B+239%
Revenue$1.0B+14.5%
Net income$161.3M+61.1%
Free cash flow$486.9M+173%
EPS (diluted)$11.38+59.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 3, 2026 (in 2 months)
Revenue estimate$300.6M
EPS estimate$2.68

Financials

Q1 2027

Income statement

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Revenue$291.0M+50.2%
Gross profit$61.1M+65.8%
Operating income$45.4M+86.5%
Net income$46.1M+104%
EPS (diluted)$3.24+102%

Balance sheet

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Cash & equivalents$355.8M+88.0%
Total equity$473.5M+30.1%
Total assets$1.3B+62.4%

Cash flow

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Operating cash flow$113.4M+221%
CapEx$2.4M+516%
Free cash flow$111.0M+218%

Valuation & ratios

Valuation

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Market cap$9.64B+239%
P/E59.8×+31.2×
P/S9.3×+6.1×

Profitability

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Gross margin20.9%+3.3pp
Operating margin14.9%+3.3pp
Net margin15.5%+4.5pp
FCF margin46.7%+27.1pp

Returns & leverage

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Return on equity38.5%+8.0pp
Current ratio1.5×-0.2×

Segments

By segment

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Power Industry Services$226.7M+41.4%
Industrial Construction Services$58.3M+99.8%
Telecommunications Infrastructure Services$6.0M+45.2%

By geography

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US$253.9M+40.2%
IE$24.1M+144%
GB$13.0M+386%

Competitors

Profile

Argan, Inc. is a holding company that provides a comprehensive suite of engineering, procurement, and construction (EPC) services across the energy and industrial sectors. The company specializes in the design, commissioning, and maintenance of large-scale power generation facilities, industrial plant infrastructure, and telecommunications networks. Its core value proposition lies in its ability to deliver complex, turnkey projects for power producers and industrial clients through a decentralized model of specialized subsidiaries.

Competitive position

Argan is a leading provider of gas-fired power plant EPC services, benefiting from a consolidated market where several major competitors have exited the fixed-price contract space.

GeographiesUnited States, United Kingdom, Ireland
Customer segmentsUtilities, Industrial Manufacturers, Government Agencies, Energy Developers
Business modelEPC (Engineering, Procurement, Construction), Fixed-price contracts, Project-based services
SuppliersGas-fired turbine manufacturers, Steel and aluminum suppliers, Skilled craft labor, Specialized construction equipment providers
CustomersUtility companies, Independent power producers, Multinational industrial corporations, Public sector infrastructure agencies
Listed1995
Employees1.2K
CEODavid Hibbert Watson
FilingsSEC EDGAR

Questions, answered.

What is Argan's market cap?
Argan (AGX) has a market capitalization of $9.6B and trades on NYSE.
What is Argan's revenue and profitability?
Argan generated $1.0B in trailing twelve-month revenue with net income of $161.3M, representing a net margin of 15.5%. Gross margin stands at 20.9%, with free cash flow of $486.9M. These figures are based on the Q2 2026 filing.
Who are Argan's competitors?
Argan's key competitors include Quanta Services, Inc., MasTec, Inc., Fluor Corporation, and others. These companies compete in similar markets and product categories.
Who does Argan partner with?
Argan's notable partners include Bank of America, N.A..
What subsidiaries does Argan have?
Argan's subsidiaries include Gemma Power Systems, Atlantic Projects Company, The Roberts Company.
Where is Argan headquartered?
Argan is headquartered in United States of America and employs approximately 1,214 people. It has been publicly traded since 1995.