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Argan AGX Industrial Construction Services — Operating Income

Other segment segments

Power Industry Services
$44.35M+69.4%
Telecommunications Infrastructure Services
-$506K-188%

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Other financials

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 debt$6.4M+20.6%
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

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Market cap$10.36B+361%
P/E64.2×+41.8×
P/S9.9×+7.5×

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
Debt / equity0.0×
Current ratio1.5×-0.2×

Where this comes from

Reported directly by Argan in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Argan’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Argan's industrial construction services — operating income?
Argan (AGX) reported industrial construction services — operating income of $4.91M in Q1 2026.
How has Argan's industrial construction services — operating income changed year-over-year?
Argan's industrial construction services — operating income increased by 219.3% year-over-year, from $1.54M to $4.91M.
What is the long-term trend for Argan's industrial construction services — operating income?
Over 2 years (2024 to 2026), Argan's industrial construction services — operating income has grown at a 4.4% compound annual growth rate (CAGR), from $12.04M to $13.11M.
What does industrial construction services — operating income mean?
Profit from core operations after all direct and indirect operating expenses.
How do you interpret industrial construction services — operating income?
An increase signals improved operational profitability and effective management of both project costs and overhead.
How does industrial construction services — operating income compare across companies?
Standard segment operating profit metric used to evaluate business unit performance across diversified firms.