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NYSE · Industrials

ARGAN INC (AGX)

As-reported financials and SEC filings for ARGAN INC. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ARGAN INC

Argan Inc provides power industry services, telecommunications infrastructure services, and industrial construction services. The company serves clients in the power and telecommunications sectors by delivering project development and construction solutions. It operates primarily in the United States, Ireland, and the United Kingdom.

Snapshot

Revenue
$944.6M
Revenue growth (YoY)
8.1%
Net income
$137.8M
Diluted EPS
$9.74
Gross margin
20.5%
Operating margin
14.3%
Net margin
14.6%
FCF margin
43.5%
ROE
29.8%
net income / fiscal-year-end equity
P/E
40.5×
trailing when available, otherwise FY EPS
Market cap
$5.86B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended January 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Argan

  • Revenue grew 8.1% to $945M in FY2026, slower than the 52.5% the year before.
  • Operating margin is 14.3% in FY2026, +5.5 pp against 8.7% in FY2022.
  • Most recent quarter Q1 FY2027: revenue $291M, up 50.2% from Q1 FY2026.
  • Free cash flow was $411M in FY2026, 43.5% of revenue.
  • Net income rose 61.2% to $138M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Argan’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin20.5%
33rd percentile of 466
Operating margin14.3%
76th percentile of 605
Net margin14.6%
86th percentile of 645
FCF margin43.5%
99th percentile of 562
Revenue growth (YoY)+8.1%
61st percentile of 668
ROE29.8%
92nd percentile of 600
P/E40.5×
81st percentile of 434
Short interest4.54d
69th percentile of 676

Argan’s FCF margin of 43.5% ranks in the 99th percentile of the 562 Industrials companies reporting it. Argan’s return on equity of 29.8% ranks in the 92nd percentile of the 600 Industrials companies reporting it. Argan’s net margin of 14.6% ranks in the 86th percentile of the 645 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 12 insider sales totaling $87.6M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
8
7 trimmed, 1 exited
Combined position
$960.4M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$517.8M648.4KAdded
Lone Pine CapitalQ2 2026$294.4M368.7KReduced
AQR Capital ManagementquantQ2 2026$70.4M88.2KReduced
Coatue ManagementQ2 2026$28.8M36.1KNew
Millennium ManagementquantQ2 2026$16.8M21.0KAdded
Polen Capital ManagementQ2 2026$8.2M10.2KReduced
Bridgewater AssociatesQ2 2026$8.0M10.1KReduced
Two Sigma InvestmentsquantQ2 2026$5.9M7.4KReduced
Citadel AdvisorsquantQ2 2026$5.9M7.4KReduced
D. E. ShawquantQ2 2026$3.0M3.7KReduced
Gotham Asset ManagementQ2 2026$1.4M1.7KAdded

No longer held by: Maverick Capital (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
12
$87.6M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-31
filed 2026-08-04
Jeffrey John Ronald Jr.DirectorSell5.7K$579.64$3.3M
2026-06-22
filed 2026-06-23
Griffin William F JrDirectorSell20.0K$760.43$15.2M
2026-06-18
filed 2026-06-23
Griffin William F JrDirectorSell30.0K$725.85$21.8M
2026-06-17
Getsinger Peter WDirectorSell2.0K$699.00$1.4M
2026-06-17
filed 2026-06-18
Baugher Joshua ScottChief Financial OfficerSell455$732.83$333K
2026-06-17
filed 2026-06-18
Baugher Joshua ScottChief Financial OfficerSell305$734.00$224K
2026-06-17
Sweeney KarenDirectorSell300$705.00$212K
2026-06-16
filed 2026-06-17
Getsinger Peter WDirectorSell4.7K$708.65$3.4M
2026-06-16
Watson David HibbertPRESIDENT AND CEOSell1.9K$707.35$1.3M
2026-06-15
filed 2026-06-16
Watson David HibbertPRESIDENT AND CEOSell10.0K$651.22$6.5M
2026-06-15
filed 2026-06-16
Flanders CynthiaDirectorSell2.6K$666.31$1.7M
2026-06-12
filed 2026-06-16
Griffin William F JrDirectorSell50.0K$643.46$32.2M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.0M
settled 2026-08-14
Change vs prior
-2.4%
vs previous settlement
Days to cover
4.54
at avg daily volume
Avg daily volume
223.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.0M-2.4%4.54
2026-07-311.0M+14.4%2.63
2026-07-15909.5K-0.4%3.40
2026-06-30912.8K+41.5%2.23
2026-06-15645.2K+7.5%1.56
2026-05-29600.2K-6.6%2.12
2026-05-15642.3K-18.5%2.22
2026-04-30788.2K-12.3%2.50

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$944.6M$874.2M$573.3M$455.0M$509.4M
Gross profit$193.7M$141.0M$80.8M$86.4M$99.7M
Operating income$134.7M$88.2M$36.5M$41.7M$44.5M
Net income$137.8M$85.5M$32.4M$33.1M$38.2M
Diluted EPS$9.74$6.15$2.39$2.33$2.40

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$339.5M$145.3M$197.0M$173.9M$350.5M
Current assets$1.13B$781.3M$547.2M$438.7M$507.3M
Total assets$1.19B$836.2M$598.2M$489.5M$553.6M
Current liabilities$711.3M$479.9M$302.3M$202.5M$223.0M
Long-term debt
Total liabilities$724.1M$484.4M$307.3M$208.6M$228.0M
Total equity$462.3M$351.9M$290.9M$280.9M$325.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$414.7M$167.6M$116.9M$-30.1M$28.4M
Capital expenditure$3.9M$6.6M$2.8M$3.4M$1.4M
Free cash flow$410.8M$161.0M$114.1M$-33.4M$27.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$291.0M50.2%$46.1M$3.24
Q4 FY2026$262.1M12.7%$49.2M$3.47
Q3 FY2026$251.2M-2.3%$30.7M$2.17
Q2 FY2026$237.7M4.7%$35.3M$2.50
Q1 FY2026$193.7M22.8%$22.6M$1.60
Q4 FY2025$232.5M41.3%$31.4M$2.22
Q3 FY2025$257.0M56.9%$28.0M$2.00
Q2 FY2025$227.0M60.6%$18.2M$1.31

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryConstruction - Special Trade Contractors
Latest annual periodFY2026 (ended January 31, 2026)
Latest reported quarterQ1 FY2027 (ended April 30, 2026)
Oldest indexed filing2009
SEC CIK100591

Selected SEC filings

10-Q2026-06-04
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-10
View on EDGAR →
8-K2026-06-04
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.