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Argan AGX Return on invested capital

Return on invested capital at other companies

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MasTecMTZ
13.1%+5.7pp
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18.7%-1.5pp
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Quanta ServicesPWR
11.1%+1.0pp
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FluorFLR
-12.5%
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Primoris ServicesPRIM
6.5%-5.2pp
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CaterpillarCAT
18.2%-5.9pp

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$8.44B+169%
P/E52.3×+25.6×
P/S8.1×+4.7×

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

Calculated from Argan’s reported figures.

Based on trailing twelve months.

The source filing: Argan’s 10-Q, filed June 4, 2026. Open the filing →

Filed
Jun 4, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001104659-26-070536

FAQ

What is Argan's return on invested capital?
Argan (AGX) reported return on invested capital of 67.8% in Q4 2025.
How has Argan's return on invested capital changed year-over-year?
Argan's return on invested capital increased by 55.6% year-over-year, from 43.6% to 67.8%.
What is the long-term trend for Argan's return on invested capital?
Over 2 years (2024 to 2026), Argan's return on invested capital has grown at a 72.2% compound annual growth rate (CAGR), from 22.9% to 67.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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