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Argan AGX Return on invested capital

Return on invested capital at other companies

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MasTecMTZ
10.5%+3.8pp
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Quanta ServicesPWR
9.9%-0.2pp
EMCOR Group logo
EMCOR GroupEME
42.7%+0.6pp
VMI
Valmont IndustriesVMI
18.6%+2.5pp
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Hut 8 Mining Corp.HUT
-50.9%-53.4pp

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

Calculated from Argan’s reported figures.

Based on trailing twelve months.

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 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?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.