Saturday 17 October 2026
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Argan, Inc.
AGX Industrials Engineering & Construction
Argan, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $944.6 million, up 8.06% from fiscal 2025. In the quarter to July 2026, revenue grew 61.5%, EPS grew 47.9% and free cash flow grew 178.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three.
345.56
21.60
−5.88%
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| Jan '26 | Jan '25 | Jan '24 | Jan '23 | Jan '23 | Jan '22 | Jan '22 | Jan '21 | Jan '21 | Jan '20 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
35.65 | 21.61 | 18.32 | 16.45 | 24.47 | 15.29 | 13.58 | 28.53 | 98.18 | 0.00 |
Piotroski F-Score |
6 | 7 | 6 | 3 | — | 7 | — | 7 | — | 3 |
Altman Z-Score |
6.04 | 4.59 | 3.34 | 3.96 | — | 3.82 | — | 3.15 | — | 4.03 |
P/S ratio |
5.19 | 2.10 | 1.03 | 1.21 | 1.10 | 1.15 | 1.24 | 1.73 | 2.02 | 2.75 |
Altman Z″-Score (non-manufacturers) |
4.88 | 4.98 | 5.32 | 6.54 | — | 6.52 | — | 5.30 | — | 6.68 |
P/FCF ratio |
11.93 | 11.43 | 5.19 | 0.00 | 0.00 | 21.63 | 8.42 | 3.90 | 3.89 | 14.14 |
P/Operating CF |
28.43 | 41.23 | 24.09 | 12.79 | (31.21) | (43.95) | (113.22) | 20.31 | 17.47 | 17.47 |
Beneish M-Score |
(4.03) | (1.30) | (3.02) | (0.82) | — | (2.46) | — | (4.44) | — | — |
Dividend Safety Score |
86 | — | — | — | — | — | — | — | — | — |
P/B ratio |
10.60 | 5.23 | 2.04 | 1.95 | 1.86 | 1.79 | 1.78 | 2.11 | 2.10 | 1.93 |
Price to Tangible BV |
11.32 | 5.71 | 2.27 | 2.19 | 2.10 | 1.98 | 1.95 | 2.34 | 2.32 | 2.14 |
EV/Sales |
4.24 | 1.50 | 0.31 | 0.49 | 0.47 | 0.28 | 0.28 | 0.57 | 0.73 | 1.38 |
EV/EBITDA |
29.31 | 14.59 | 4.68 | 5.01 | 6.29 | 2.94 | 2.25 | 8.06 | 42.53 | 0.00 |
EV/Operating CF |
9.66 | 7.84 | 1.54 | (7.44) | (2.54) | 5.04 | 1.86 | 1.27 | 1.38 | 6.16 |
EV/FCF |
9.75 | 8.16 | 1.58 | (6.69) | (2.46) | 5.31 | 1.89 | 1.28 | 1.40 | 7.09 |
Quick Ratio |
1.45 | 1.46 | 1.52 | 1.85 | 1.98 | 2.10 | 2.12 | 1.76 | 1.85 | 2.53 |
Current Ratio |
1.59 | 1.63 | 1.81 | 2.17 | 2.17 | 2.27 | 2.27 | 1.98 | 1.98 | 2.93 |
Net Debt/EBITDA |
(6.55) | (5.83) | (10.72) | (7.29) | (7.17) | (9.04) | (7.78) | (16.52) | (16.52) | 6.40 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.93 | 1.22 | 1.05 | 0.87 | 0.00 | 0.88 | 0.00 | 0.72 | 0.00 | 0.50 |
Operating CF/Net income |
3.01 | 1.96 | 3.61 | (0.91) | (0.91) | 0.74 | 0.74 | 7.38 | 7.32 | (1.25) |
Capex/Depreciation |
(2.03) | (3.46) | (1.37) | (1.13) | 0.00 | (0.34) | 0.00 | (0.37) | 0.00 | (1.52) |
| 33.85% | 26.59% | 11.32% | 10.91% | 0.00% | 11.80% | 0.00% | 7.19% | 0.00% | (11.61%) | |
| 13.62% | 11.92% | 5.95% | 6.35% | 0.00% | 6.62% | 0.00% | 4.38% | 0.00% | (8.85%) | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | (265.04%) |
Return on Tangible Assets |
31.48% | 27.05% | 12.64% | 13.42% | 13.10% | 12.98% | 12.80% | 8.21% | 8.13% | (14.22%) |
Average Days of Receivables |
51.65 | 73.41 | 30.13 | 40.21 | 60.09 | 19.33 | 22.85 | 26.72 | 51.51 | 56.80 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
6.24% | 6.04% | 7.74% | 9.82% | 9.17% | 9.29% | 8.63% | 9.95% | 9.01% | 18.46% |
Intangible Assets out of Total Assets |
0.02 | 0.04 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.07 |
Share Based Compensation of Revenue |
0.83% | 0.51% | 0.78% | 0.87% | 0.00% | 0.68% | 0.00% | 0.75% | 0.00% | 0.89% |
Graham Net Nets |
0.08 | 0.16 | 0.40 | 0.42 | 0.45 | 0.48 | 0.48 | 0.39 | 0.40 | 0.42 |
Graham Number |
86.82 | 61.04 | 34.43 | 32.61 | 32.61 | 33.66 | 33.66 | 26.53 | 0.00 | 0.00 |
Earnings Yield |
2.81% | 4.63% | 5.46% | 6.08% | 4.09% | 6.54% | 7.37% | 3.50% | 1.02% | (6.51%) |
Free Cash Flow Yield |
8.39% | 8.75% | 19.26% | (6.09%) | (17.62%) | 4.62% | 11.87% | 25.65% | 25.70% | 7.07% |
Revenue per Share |
68.59 | 65.00 | 42.90 | 32.31 | 32.31 | 32.41 | 32.41 | 25.03 | 25.03 | 15.30 |
Operating CF per Share |
30.11 | 12.46 | 8.74 | (2.13) | (2.13) | 1.81 | 1.81 | 11.23 | 11.15 | 3.43 |
Capex per Share |
(0.28) | (0.49) | (0.21) | (0.24) | 0.00 | (0.09) | 0.00 | (0.11) | 0.00 | (0.45) |
Free Cash Flow per Share |
29.83 | 11.97 | 8.54 | (2.37) | (2.13) | 1.72 | 1.81 | 11.13 | 11.15 | 2.98 |
Cash per Share |
64.99 | 39.05 | 30.86 | 23.11 | 23.11 | 28.03 | 28.03 | 29.15 | 29.15 | 20.99 |
Shareholders Equity per Share |
33.57 | 26.16 | 21.77 | 19.95 | 19.95 | 20.72 | 20.77 | 20.58 | 20.47 | 21.83 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
33.57 | 26.16 | 21.77 | 19.95 | 19.95 | 20.72 | 20.77 | 20.58 | 20.47 | 21.83 |
Free Cash Flow |
410.84 | 161.00 | 114.10 | (33.43) | (30.06) | 26.99 | 28.42 | 174.32 | 174.68 | 46.51 |
Working Capital |
421.00 | 301.44 | 244.92 | 236.20 | 236.20 | 284.26 | 284.26 | 270.13 | 270.13 | 277.72 |
Capital Expenditures |
(3.88) | (6.58) | (2.76) | (3.37) | (3.37) | (1.42) | (1.42) | (1.70) | (1.70) | (7.06) |
Net Current Asset Value |
408.17 | 296.93 | 239.89 | 230.11 | 212.82 | 279.29 | 260.18 | 266.00 | 266.00 | 275.25 |
EV/EBIT |
29.73 | 14.91 | 4.94 | 5.37 | 7.09 | 3.22 | 2.42 | 9.68 | 205.02 | 0.00 |
Capex to Sales |
0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
Price to Operating Income |
36.37 | 20.86 | 16.25 | 13.18 | 16.36 | 13.12 | 10.79 | 29.51 | 569.22 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.12 | 0.13 | 0.18 | 0.29 | 0.23 | 0.41 | 0.29 | 0.23 | 0.20 | 0.21 |
Cash ROIC |
30.27% | 18.36% | 16.22% | (5.51%) | (4.96%) | 3.52% | 3.71% | 22.37% | 22.47% | 6.95% |
Accounts Receivable Turnover |
6.10 | 7.84 | 11.77 | 11.80 | 0.00 | 18.29 | 0.00 | 11.90 | 0.00 | 6.52 |
Accounts Payable Turnover |
7.33 | 10.72 | 10.28 | 7.51 | 0.00 | 8.61 | 0.00 | 7.44 | 0.00 | 6.53 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
52.27 | 48.44 | 29.26 | 55.81 | 55.36 | 37.26 | 36.96 | 58.92 | 58.27 | 52.63 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
154.74 | 111.57 | 48.73 | 38.56 | 50.94 | 27.85 | 30.30 | 32.95 | 46.27 | 36.68 |
Average Payables |
102.42 | 68.39 | 47.93 | 49.10 | 49.10 | 47.56 | 47.56 | 44.37 | 44.37 | 37.66 |
Average Assets |
1,011.29 | 717.23 | 543.86 | 521.54 | 530.18 | 578.11 | 587.67 | 545.09 | 545.09 | 482.09 |
Average Common Equity |
407.06 | 321.40 | 285.92 | 303.25 | 303.25 | 324.00 | 324.40 | 331.72 | 330.85 | 367.70 |
Columns are period end dates