AGX on NYSE
Argan, Inc.
Construction and engineering holding company.1
Price unavailable
Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
20.5%Gross margin3
14.3%Operating margin3
14.6%Net margin3
8.1%Revenue growth, 20263
29.8%Return on equity3
$410.8MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Power Industry Services brought in 80% of the revenue Argan, Inc. broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Power Industry Services | $416.3M | $693.0M | $756.5M |
| Industrial Construction Services | $142.8M | $167.6M | $167.6M |
| Telecommunications Infrastructure Services. | $14.3M | $13.5M | $20.6M |
Regions
United States brought in 90% of the revenue Argan, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $334.2M | $783.1M | $852.2M |
| Ireland | $198.7M | $81.4M | $65.0M |
| United Kingdoms | $40.4M | $9.7M | $27.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue77¢$750.9M
- Selling, general and admin6¢$59.0M
- Income tax2¢$22.7M
- Profit14¢$137.8M
Out of $944.6M in revenue.3
Where each dollar of operating cash went, fiscal 2026
- Capital spending1¢$3.9M
- Dividends paid6¢$24.3M
- Share buybacks2¢$9.9M
- Kept or used elsewhere91¢$376.7M
Out of $414.7M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| REVENUES | $944.6M | $874.2M | $573.3M |
| Cost of revenues | $750.9M | $733.2M | $492.5M |
| GROSS PROFIT | $193.7M | $141.0M | $80.8M |
| Selling, general and administrative expenses | $59.0M | $52.8M | $44.4M |
| INCOME FROM OPERATIONS | $134.7M | $88.2M | $36.5M |
| Other income, net | $25.8M | $23.0M | $12.5M |
| Total income before income taxes | $160.5M | $111.2M | $48.9M |
| Provision for income taxes | $22.7M | $25.7M | $16.6M |
| NET INCOME | $137.8M | $85.5M | $32.4M |
| Foreign currency translation adjustments | $4.7M | -$2.3M | -$920.0K |
| Net unrealized gains (losses) on available-for-sale securities | $2.6M | -$619.0K | $199.0K |
| COMPREHENSIVE INCOME | $145.1M | $82.5M | $31.6M |
| Basic (in dollars per share) | $10.00 | $6.35 | $2.42 |
| Diluted (in dollars per share) | $9.74 | $6.15 | $2.39 |
| Basic (in shares) | 13.8M shares | 13.4M shares | 13.4M shares |
| Diluted (in shares) | 14.1M shares | 13.9M shares | 13.5M shares |
| CASH DIVIDENDS PER SHARE | $1.75 | $1.35 | $1.10 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Cash and cash equivalents | $339.5M | $145.3M | |
| Investments | $555.5M | $379.9M | |
| Accounts receivable, net | $133.7M | $175.8M | |
| Contract assets | $43.4M | $28.4M | |
| Other current assets | $60.2M | $51.9M | |
| TOTAL CURRENT ASSETS | $1.1B | $781.3M | $547.2M |
| Property, plant and equipment, net | $16.6M | $14.5M | |
| Goodwill | $28.0M | $28.0M | $28.0M |
| Intangible assets, net | $1.4M | $1.8M | |
| Deferred taxes, net | $552.0K | ||
| Right-of-use and other assets | $8.0M | $10.1M | |
| TOTAL ASSETS | $1.2B | $836.2M | $598.2M |
| Accounts payable | $107.5M | $97.3M | |
| Accrued expenses | $89.7M | $83.3M | |
| Contract liabilities | $514.0M | $299.2M | |
| TOTAL CURRENT LIABILITIES | $711.3M | $479.9M | $302.3M |
| Deferred taxes, net | $6.6M | ||
| Noncurrent liabilities | $6.3M | $4.5M | |
| TOTAL LIABILITIES | $724.1M | $484.4M | |
| Common stock, par value $0.15 per share - 30,000,000 shares authorized; 15,828,289 shares issued; 13,950,712 and 13,634,214 shares outstanding at January 31, 2026 and 2025, respectively | $2.4M | $2.4M | |
| Additional paid-in capital | $167.2M | $169.0M | |
| Retained earnings | $406.2M | $292.7M | |
| Treasury stock, at cost - 1,877,577 and 2,194,075 shares at January 31, 2026 and 2025, respectively | -$114.4M | -$105.6M | |
| Accumulated other comprehensive income (loss) | $818.0K | -$6.5M | |
| TOTAL STOCKHOLDERS' EQUITY | $462.3M | $351.9M | $290.9M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1.2B | $836.2M | |
| Preferred stock, par value (in dollars per share) | $0.10 | $0.10 | |
| Preferred stock, shares authorized | 500.0K shares | 500.0K shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.15 | $0.15 | |
| Common stock, shares authorized | 30.0M shares | 30.0M shares | |
| Common stock, shares issued | 15.8M shares | 15.8M shares | |
| Common stock, shares outstanding | 14.0M shares | 13.6M shares | |
| Treasury stock, shares | 1.9M shares | 2.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Net income | $137.8M | $85.5M | $32.4M |
| Stock compensation expense | $7.9M | $4.5M | $4.5M |
| Depreciation | $1.9M | $1.9M | $2.0M |
| Changes in accrued interest on investments | $901.0K | $1.2M | -$3.9M |
| Non-cash lease expense | $4.3M | $3.8M | $1.9M |
| Deferred income tax expense | $6.3M | $1.9M | $1.3M |
| Other | -$1.7M | $1.0M | $720.0K |
| Accounts receivable | $42.3M | -$128.6M | $2.8M |
| Contract assets | -$15.0M | $19.8M | -$23.4M |
| Other assets | -$13.3M | -$7.7M | -$1.0M |
| Accounts payable and accrued expenses | $28.6M | $66.2M | $14.8M |
| Contract liabilities | $214.7M | $118.2M | $84.8M |
| Net cash provided by operating activities | $414.7M | $167.6M | $116.9M |
| Purchases of short-term investments | -$150.0M | -$175.0M | -$115.0M |
| Maturities of short-term investments | $150.0M | $130.0M | $159.8M |
| Purchases of available-for-sale securities | -$226.6M | -$139.9M | -$104.5M |
| Maturities of available-for-sale securities | $55.0M | $19.2M | |
| Purchases of property, plant and equipment | -$3.9M | -$6.6M | -$2.8M |
| Repayment of note receivable | $5.0M | ||
| Issuance of note receivable | -$5.0M | ||
| Investments in solar energy projects | -$11.5M | -$16.3M | -$5.1M |
| Net cash used in investing activities | -$182.0M | -$193.6M | -$67.6M |
| Common stock repurchases | -$9.9M | -$1.5M | -$12.5M |
| Payments of cash dividends | -$24.3M | -$18.3M | -$14.7M |
| Settlements of share-based awards, net of withholding taxes paid | -$8.4M | -$6.3M | $1.1M |
| Net cash used in financing activities | -$42.6M | -$26.1M | -$26.1M |
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH | $4.1M | $322.0K | -$116.0K |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $194.2M | -$51.8M | $23.1M |
| Investments in solar energy projects not yet paid | $11.5M | $3.3M | |
| Right-of-use assets obtained in exchange for lease obligations | $5.3M | $3.7M | $2.4M |
| Cash paid for income taxes, net of refunds | $29.5M | $30.8M | $14.3M |
| Cash paid for operating leases | $4.2M | $3.8M | $1.9M |
Former names
- PUROFLOW INCSep 19, 1995 to Oct 30, 20034
Recent filings
- Sep 23, 20264
- Sep 11, 20264
- Sep 9, 20268-K
- Sep 2, 20268-K
- Sep 2, 202610-Q
- Aug 4, 20268-K
- Aug 4, 20264
- Jul 31, 2026144
- Jul 31, 2026SCHEDULE 13G
- Jul 2, 20264
- Jun 23, 2026144/A
- Jun 23, 20264
- Jun 22, 2026144
- Jun 18, 2026144
- Jun 18, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitearganinc.com1
- WikidataQ111384689
- SEC EDGARCIK 100591
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataArgan, Inc. on Wikidata
- 2SEC EDGARArgan, Inc. filings on SEC EDGAR
- 3SEC EDGARArgan, Inc. 10-K for fiscal 2026
- 4SEC EDGARArgan, Inc. filings on SEC EDGAR
- 5SEC EDGARArgan, Inc. 10-K for fiscal 2019
- 6SEC EDGARArgan, Inc. 10-K for fiscal 2020
- 7SEC EDGARArgan, Inc. 10-K for fiscal 2021
- 8SEC EDGARArgan, Inc. 10-K for fiscal 2022
- 9SEC EDGARArgan, Inc. 10-K for fiscal 2023
- 10SEC EDGARArgan, Inc. 10-Q for fiscal 2026
- 11SEC EDGARArgan, Inc. 10-Q for fiscal 2026
- 12SEC EDGARArgan, Inc. 10-K for fiscal 2019