Saturday 17 October 2026 Export AGX’s income statement to Excel — free account

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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Market cap: $5.2B
P/E: 26.9×
Fwd P/E: 58.0×
Dividend yield: 0.78%
F-score: 6/9
Altman Z: 6.04
Beneish M: −4.03
Dividend safety: 86/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 146.79

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	6	—	1	10	—	7	1	—	—	—

Insider Ownership 3.41%

Capital & Financial Ratios $m

Market Cap 5,150.00

Revenue 1,188.13

Net Income 179.31

Free Cash Flow 545.70

Net Debt (1,028.45)

Current Ratio 1.50

Debt/Equity 0.00

P/E ratio 26.87

Fwd P/E 58.00

P/S ratio 4.08

P/B ratio 9.56

Past 5Y EPS Growth 45.18%

This Y EPS Growth 35.68%

Next Y EPS Growth 19.36%

Next Y revenue growth 48.32%

Next 5Y EPS Growth 23.91%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 71.87%

10-year low 10-year high

P/S against its own 10 years 90.60%

10-year low 10-year high

P/B against its own 10 years 90.60%

10-year low 10-year high

EV/Sales against its own 10 years 90.05%

10-year low 10-year high

EV/FCF against its own 10 years 64.42%

10-year low 10-year high

Dividends

Payout Ratio 0.21

Annual Dividend Rate 2.70

Annual Dividend Yield 0.78%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	1.80	0.50 0.50 0.50 0.70
2025	1.63	0.38 0.38 0.38 0.50
2024	1.28	0.30 0.30 0.30 0.38
2023	1.05	0.25 0.25 0.25 0.30
2022	1.00	0.25 0.25 0.25 0.25
2021	0.75	0.25 0.25 0.25
2020	0.75	0.25 0.25 1.00 0.25 1.00
2019	1.00	0.25 0.25 0.25 0.25
2018	0.75	0.25 0.25 0.25
2017	1.00	1.00

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	412	525	895	1,028
Receivables	47	176	134	180
Inventory	—	—	—	—
Other	39	52	60	74
	547	781	1,132	1,318

	2024	2025	2026	Q'26
Payables	39	97	108	115
ST’ Debt	—	—	—	—
Other	—	—	—	—
	302	480	711	878

Compound Annual Growth %

	10y	5y	3y
Sales	8.62%	19.22%	27.57%
Cash Flow	0.00%	18.70%	0.00%
Earnings	14.25%	42.01%	60.86%
Book Value	7.62%	7.47%	18.06%

Revenue $m

	Apr	Jul	Oct	Jan	Year
’26	291	384	—	—	—
’26	194	238	251	262	945
’25	158	227	257	232	874
’24	104	141	164	165	573
’23	100	118	118	119	455
’22	126	133	124	126	509
’21	60	87	127	117	392

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	113	97	—	—	—
’26	35	35	172	172	415
’25	18	73	32	45	168
’24	(1)	36	58	25	117
’23	(40)	(17)	(16)	43	(30)
’22	17	30	(5)	(13)	28
’21	40	63	40	33	176

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	111	92	—	—	—
’26	35	33	172	171	411
’25	17	71	29	43	161
’24	(2)	35	57	24	114
’23	—	—	—	42	(33)
’23	(40)	(17)	(18)	—	(30)
’22	—	—	—	(14)	27

Fiscal quarters ending in the months shown.

EPS $

	Apr	Jul	Oct	Jan	Year
’26	3.24	3.76	—	—	—
’26	1.60	2.50	2.17	3.47	9.74
’25	0.58	1.31	2.00	2.22	6.15
’24	0.16	0.94	0.40	0.89	2.39
’23	0.50	0.30	0.56	1.00	2.33
’22	0.67	0.81	0.78	0.14	2.40
’21	(0.05)	0.36	0.60	0.60	1.51

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	41.79	34.90	32.43	29.91	36.60	31.26	36.11	43.44	101.02	305.69	Analyst estimates 2027–2029 Powerpack
	High	76.70	47.53	51.95	54.50	55.99	42.15	48.51	165.33	399.30	805.75
People
People	Employees	1,286	1,552	1,487	1,154	1,473	1,358	985	1,214	1,595	1,409
	Revenue/emp, $m	0.52	0.58	0.32	0.21	0.27	0.38	0.46	0.47	0.55	0.67
Income, $m
Income, $m	Revenue	675	893	482	239	392	509	455	573	874	945
	Gross margin, %	21.73	16.73	17.10	(2.85)	15.83	19.58	18.98	14.10	16.13	20.50
	EBT	115	113	47	(48)	25	47	46	49	111	161
	EBT margin, %	16.97	12.61	9.79	(19.99)	6.34	9.24	10.11	8.53	12.72	16.99
	Net income	77	72	52	(41)	24	36	35	32	85	138
	Depreciation	3	4	4	5	5	4	3	2	2	2
Per share, $
Per share, $	Revenue	44.81	57.52	30.97	15.30	25.03	32.41	32.31	42.90	65.00	68.59
	Earnings	4.67	4.64	3.34	(2.73)	1.52	2.43	2.35	2.42	6.35	10.00
	Cash flow	17.19	(4.69)	(7.21)	3.43	11.23	1.81	(2.13)	8.74	12.46	30.11
	Capex	(0.19)	(0.31)	(0.55)	(0.45)	(0.11)	(0.09)	(0.24)	(0.21)	(0.49)	(0.28)
	Free cash flow	17.01	(5.00)	(7.77)	2.98	11.13	1.72	(2.37)	8.54	11.97	29.83
	Book value	19.42	23.07	25.33	21.83	20.58	20.72	19.95	21.77	26.16	33.57
	Shares, m	15	16	16	16	16	16	14	13	13	14
Valuation, ×
Valuation, ×	P/E	15.83	9.40	12.64	0.00	28.53	15.29	16.45	18.32	21.61	35.65
	P/S	1.65	0.76	1.36	2.75	1.73	1.15	1.21	1.03	2.10	5.19
	P/B	3.80	1.89	1.67	1.93	2.11	1.79	1.95	2.04	5.23	10.60
	EV/Sales	0.87	0.27	0.75	1.38	0.57	0.28	0.49	0.31	1.50	4.24
	EV/FCF	2.30	(3.13)	(2.98)	7.09	1.28	5.31	(6.69)	1.58	8.16	9.75
Cash, $m
Cash, $m	Operating cash flow	259	(73)	(112)	54	176	28	(30)	117	168	415
	Capex	(3)	(5)	(9)	(7)	(2)	(1)	(3)	(3)	(7)	(4)
	Free cash flow	256	(78)	(121)	47	174	27	(33)	114	161	411
Balance, $m
Balance, $m	Working capital	237	302	335	278	270	284	236	245	301	421
	Total debt	—	—	—	2	2	4	5	—	—	—
	Net debt	(523)	(434)	(297)	(328)	(457)	(440)	(325)	(412)	(525)	(895)
	Shareholders’ equity	293	358	394	341	322	326	281	291	352	462
Returns, %
Returns, %	ROA	13.34	12.13	10.21	(8.85)	4.38	6.62	6.35	5.95	11.92	13.62
	ROIC	0.00	0.00	25.70	(265.04)	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	27.34	22.13	13.83	(11.61)	7.19	11.80	10.91	11.32	26.59	33.85

Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FLR Fluor Corporation	$6.4B	— (loss-making)	13.5×	+8.82% (above 0%: growing)	−94.46% (below 0%: shrinking)	−825.71% (below 0%: shrinking)	4.13%	3.12%	Compare
ECG Everus Construction Group, Inc.	$5.7B	22.0×	—	+33.65% (above 0%: growing)	+57.69% (above 0%: growing)	+140.72% (above 0%: growing)	14.85%	9.08%	Compare
AGX Argan, Inc.	$5.2B	26.9×	58.0×	+61.51% (above 0%: growing)	+47.86% (above 0%: growing)	+178.70% (above 0%: growing)	19.33%	14.79%
LGN Legence Corp.	$4.9B	— (loss-making)	13.0×	+110.74% (above 0%: growing)	n/m	+106.83% (above 0%: growing)	17.45%	(0.52%)	Compare
GVA Granite Construction Incorporated	$4.8B	— (loss-making)	26.2×	+29.30% (above 0%: growing)	n/m	+755.66% (above 0%: growing)	16.40%	8.71%	Compare
ROAD Construction Partners, Inc.	$4.7B	32.2×	38.5×	+28.25% (above 0%: growing)	+33.75% (above 0%: growing)	−19.66% (below 0%: shrinking)	16.85%	10.94%	Compare
KBR KBR, Inc.	$4.6B	11.0×	9.6×	+1.64% (above 0%: growing)	+33.93% (above 0%: growing)	−83.25% (below 0%: shrinking)	14.77%	8.67%	Compare
MYRG MYR Group, Inc.	$4.5B	26.4×	39.8×	+20.15% (above 0%: growing)	+88.24% (above 0%: growing)	−283.31% (below 0%: shrinking)	13.19%	6.28%	Compare
TPC Tutor Perini Corporation	$4.1B	32.9×	19.8×	+19.17% (above 0%: growing)	+228.95% (above 0%: growing)	−35.14% (below 0%: shrinking)	12.91%	7.19%	Compare
Median of peers	$4.7B	26.4×	19.8×	+24.20%	+45.81%	−27.40%	14.81%	7.93%

All 51 Engineering & Construction stocks →

Argan, Inc. (AGX) key facts

Strength: Argan, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $944.6 million, up 8.06% from fiscal 2025.
Strength: Net income was $137.8 million, or $10.00 per share (basic), a net margin of 14.6%.
Argan, Inc. (AGX) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, AGX traded at $345.56, a market capitalization of $5.2 billion.
At that price the stock trades at 26.9× trailing-twelve-month earnings and 4.1× sales; its P/E is higher than 72% of its own readings over the past ten years.
Argan, Inc. pays an annual dividend of $2.70 per share, a yield of 0.78%, with a payout ratio of 21.4%.
Return on equity was 33.9% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.04 (safe zone) for fiscal 2026.