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Argan AGX Debt-to-equity

Debt-to-equity at other companies

MTZ
MasTecMTZ
0.0×
AECOM logo
AECOMACM
1.5×+0.1×
Quanta Services logo
Quanta ServicesPWR
0.7×+0.1×
Fluor logo
FluorFLR
0.4×+0.1×
EMCOR Group logo
EMCOR GroupEME
0.1×0.0×
Generac Holdings logo
Generac HoldingsGNRC
0.5×0.0×

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
Current ratio1.5×-0.2×

Where this comes from

Calculated from Argan’s reported figures.

Based on the most recent quarter.

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 debt-to-equity?
Argan (AGX) reported debt-to-equity of 0× in Q4 2025.
How has Argan's debt-to-equity changed year-over-year?
Argan's debt-to-equity decreased by 8.6% year-over-year, from 0× to 0×.
What is the long-term trend for Argan's debt-to-equity?
Over 5 years (2021 to 2026), Argan's debt-to-equity has grown at a 5.6% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.