Forbes·2 days ago
Dividend Growth Stock List: 8 Names Yielding Up To 8.3%Wall Street analysts have one job: predict where companies' earnings are going in the coming quarter. Sounds simple enough, except said suits aren't so good at it!
Argan, Inc.(AGX)Earnings, Financials & Key Ratios
AGX•NYSE
$663.18
68.2× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryEnergy, pipeline and power contractors
AboutArgan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments. The Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, fertilizer, and mining companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.Show more
- Revenue$945M+8.1%
- EBITDA$137M+46.0%
- Net Income$138M+61.2%
- EPS (Diluted)9.73+58.2%
- Gross Margin20.5%+27.1%
- EBITDA Margin14.5%+35.1%
- Operating Margin14.26%+41.3%
- Net Margin14.59%+49.2%
- ROE33.85%+27.3%
AGX Price & Volume
Argan, Inc. (AGX) stock price & volume — 10-year historical chart
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EPC Project Momentum Drives Significant Cash Accumulation
Investment Thesis • Updated 2027Q1
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Project-based revenue lumpiness
Key Thesis Takeaways
- Argan, Inc.
- demonstrates a robust fundamental outlook underpinned by a surge in deferred revenue to $565.8 million, signaling strong future performance obligations in the power infrastructure sector.
- While the company maintains a fortress balance sheet with zero debt and $355.8 million in cash, investors should monitor the inherent volatility in project-based revenue, which saw a 50.2% growth spike in 2027Q1 following a 2.3% contraction in 2026Q3.
- The firm's ability to convert earnings into cash remains superior, though the reliance on interest income from cash reserves warrants careful scrutiny regarding core operational sustainability.
Verdict Logic
while the company holds a strong $355.8 million cash position, the current P/E ratio of 78.67 suggests the market has already priced in significant growth expectations that may be vulnerable to lumpy project cycles.
AGX Growth Metrics
Argan, Inc. (AGX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.62%
5 Years19.22%
3 Years27.57%
TTM14.47%
Profit CAGR
10 Years14.25%
5 Years42.01%
3 Years60.86%
TTM61.08%
EPS CAGR
10 Years14.93%
5 Years45.15%
3 Years61.03%
TTM59.61%
Return on Capital
10 Years18.18%
5 Years19.76%
3 Years23.92%
Last Year32.22%
AGX Recent Earnings
Argan, Inc. (AGX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q3 2026Latest
Jun 4, 2026Metric
Actual
Est
EPS
$3.24+40.3%
$2.31
Rev
$291M+13.6%
$256M
Q2 2026
Mar 26, 2026Metric
Actual
Est
EPS
$3.47+74.4%
$1.99
Rev
$262M+2.6%
$255M
Q4 2025
Dec 4, 2025Metric
Actual
Est
EPS
$2.17+5.9%
$2.05
Rev
$251M-4.8%
$264M
Q4 2025
Sep 4, 2025Metric
Actual
Est
EPS
$2.50+25.6%
$1.99
Rev
$238M-2.2%
$243M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 4, 2026 | $3.24vs $2.31+40.3% | $291Mvs $256M+13.6% |
| Q2 2026 | Mar 26, 2026 | $3.47vs $1.99+74.4% | $262Mvs $255M+2.6% |
| Q4 2025 | Dec 4, 2025 | $2.17vs $2.05+5.9% | $251Mvs $264M-4.8% |
| Q4 2025 | Sep 4, 2025 | $2.50vs $1.99+25.6% | $238Mvs $243M-2.2% |
Based on last 12 quarters of dataView full earnings history →
Latest AGX News
Recent stock market news and headlines for Argan, Inc. (AGX)
Zacks Investment Research·5 days ago
Argan's Data Center Business Expands: Can It Become a Growth Pillar?AGX's data center push gains traction with a $125M contract, new fabrication capacity and rising AI-driven demand supporting long-term growth.
Zacks Investment Research·Jun 30, 2026
Can Argan's Liquidity Strength Offset Large EPC Execution Risks?Argan, Inc. AGX continues to capitalize on the robust U.S. energy infrastructure buildout, but like most engineering, procurement and construction (EPC) contractors, it remains exposed to execution risks associated with large, complex projects. The key question for investors is whether the company's exceptional liquidity profile is sufficient to offset these risks.
Zacks Investment Research·Jun 30, 2026
Are Construction Stocks Lagging Argan (AGX) This Year?Here is how Argan (AGX) and Masco (MAS) have performed compared to their sector so far this year.
Zacks Investment Research·Jun 29, 2026
AGX vs. PRIM: Which Energy Infrastructure Stock is the Better Pick?The rise in United States energy infrastructure spending is one of the strongest secular themes in the industrial sector, and companies like Argan, Inc. AGX and Primoris Services Corporation PRIM are well-positioned to benefit. The key point is that the US needs not only more electricity generation but also more infrastructure to produce, transport and deliver that power reliably.
Peers Comparison
Key metrics vs top competitors for Argan, Inc. (AGX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $663.18 | $9.3B | 68.16 | 8.06% | 14.59% | 33.85% | 0.26% | |
| $419.08 | $6.53B | 55.65 | 8.79% | 3.71% | 22.14% | — | |
| $656.79 | $98.56B | 96.59 | 19.76% | 3.72% | 12.96% | — | |
| $358.85 | $28.29B | 70.78 | 16.22% | 3% | 14.16% | — | |
| $86.97 | $4.72B | 17.32 | 18.97% | 3.31% | 15.21% | — | |
| $76.89 | $1.16B | 22.03 | 20.46% | 8.24% | 19.38% | — |
Compare AGX vs Peers
Argan, Inc. (AGX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AGX SEC Filings & Documents
Argan, Inc. (AGX) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 10, 2026·SEC
Material company update
Jun 4, 2026·SEC
Material company update
Apr 8, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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AGX Frequently Asked Questions
Argan, Inc. (AGX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Argan, Inc.'s revenue?
Argan, Inc. (AGX) reported $1.04B in revenue for fiscal year 2026. This represents a 12218% increase from $8.5M in 1997.
How fast is Argan, Inc. growing?
Argan, Inc. (AGX) grew revenue by 8.1% over the past year. This is steady growth.
Is AGX profitable?
Yes, Argan, Inc. (AGX) is profitable, generating $161.3M in net income for fiscal year 2026 (14.6% net margin).
Dividend & Returns
Does AGX pay dividends?
Yes, Argan, Inc. (AGX) pays a dividend with a yield of 0.26%. This makes it attractive for income-focused investors.
What is AGX's return on equity?
Argan, Inc. (AGX) has a return on equity (ROE) of 33.8%. This is excellent, indicating efficient use of shareholder capital.
What is Argan, Inc.'s free cash flow?
Argan, Inc. (AGX) generated $486.9M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.