Argan Inc (AGX) financials
Argan revenue and earnings by year
Argan's revenue was $945 million in the fiscal year to January 31, 2026, up 8.1% from the year before. Net income was $138 million, 14.6% of revenue. Since the fiscal year to January 31, 2017, revenue has grown 3.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 945 | 874 | 573 | 455 | 509 | 392 | 239 | 482 | 893 | 675 |
| Revenue growth | 8.1% | 52.5% | 26.0% | -10.7% | 29.9% | 64.1% | -50.4% | -46.0% | 32.3% | — |
| Gross profit | 194 | 141 | 81 | 86 | 100 | 62 | -7 | 82 | 149 | 147 |
| Gross margin | 20.5% | 16.1% | 14.1% | 19.0% | 19.6% | 15.8% | -2.9% | 17.1% | 16.7% | 21.7% |
| Operating income | 135 | 88 | 36 | 42 | 45 | 23 | -56 | 40 | 107 | 112 |
| Operating margin | 14.3% | 10.1% | 6.4% | 9.2% | 8.7% | 5.9% | -23.4% | 8.3% | 12.0% | 16.6% |
| Net income | 138 | 85 | 32 | 33 | 38 | 24 | -43 | 52 | 72 | 70 |
| Net margin | 14.6% | 9.8% | 5.6% | 7.3% | 7.5% | 6.1% | -17.9% | 10.8% | 8.1% | 10.4% |
| Diluted EPS | $9.74 | $6.15 | $2.39 | $2.33 | $2.40 | $1.51 | -$2.74 | $3.32 | $4.57 | $4.55 |
| Free cash flow | 399 | 145 | 109 | -33 | 22 | 173 | 47 | -121 | -78 | 256 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AGX in Markets.
How Argan makes money
Revenue by segment in the quarter to July 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Power Industry Services | $301M | 78.4% |
| Industrial Construction Services | $76.2M | 19.8% |
| Telecommunications Infrastructure Services | $6.60M | 1.7% |
See also: AGX valuation and P/E history · AGX returns
No forecast, no recommendation. This page describes Argan Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.