ARGAN INC AGX
Last close
417.99
2026-09-04
Market cap
$5.86B
2026-07-31 share count
52-week range
202.25 - 805.75
Valuation FY2025 figures against the last close
P/S6.2x
P/E42.9x
P/FCF14.3x
EV/EBITDA42.9x
Dividend yield0.4%
Diluted EPS9.74
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $944.6M | $874.2M | $573.3M | $455.0M | $509.4M | $392.2M | $239.0M | $482.2M | $892.8M | $675.0M |
| Cost of revenue | $750.9M | $733.2M | $492.5M | $368.7M | $409.6M | $330.1M | $245.8M | $399.7M | $743.5M | $528.3M |
| Gross profit | $193.7M | $141.0M | $80.8M | $86.4M | $99.7M | $62.1M | -$6.8M | $82.4M | $149.3M | $146.7M |
| SG&A | $59.0M | $52.8M | $44.4M | $44.7M | $47.3M | $39.0M | $44.1M | $40.7M | $41.8M | $32.5M |
| Operating income | $134.7M | $88.2M | $36.5M | $41.7M | $44.5M | $23.0M | -$55.8M | $40.2M | $107.0M | $112.3M |
| Pre-tax income | $160.5M | $111.2M | $48.9M | $46.0M | $47.1M | $24.9M | -$47.8M | $47.2M | $112.6M | $114.5M |
| Income tax | $22.7M | $25.7M | $16.6M | $11.3M | $11.4M | $1.1M | $7.1M | $4.7M | $40.3M | $37.1M |
| Net income | $137.8M | $85.5M | $32.4M | $34.7M | $35.7M | $23.9M | -$42.7M | $52.0M | $72.0M | $70.3M |
| EPS, basic | 10.00 | 6.35 | 2.42 | 2.35 | 2.43 | 1.52 | -2.73 | 3.34 | 4.64 | 4.67 |
| EPS, diluted | 9.74 | 6.15 | 2.39 | 2.33 | 2.40 | 1.51 | -2.73 | 3.32 | 4.56 | 4.50 |
| Shares, diluted (wtd. avg.) | $14.1M | $13.9M | $13.5M | $14.2M | $15.9M | $15.8M | $15.6M | $15.7M | $15.8M | $15.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $339.5M | $145.3M | $197.0M | $173.9M | $350.5M | $366.7M | $167.4M | $164.3M | $122.1M | $167.2M |
| Short-term investments | $151.9M | $153.1M | $109.5M | $151.5M | — | — | — | — | — | — |
| Receivables | $133.7M | $175.8M | $47.3M | $50.1M | $27.0M | $28.7M | $37.2M | $36.2M | $26.3M | $54.8M |
| Total current assets | $1.13B | $781.3M | $547.2M | $438.7M | $507.3M | $546.2M | $421.8M | $416.3M | $485.0M | $587.9M |
| Property, plant and equipment | $16.6M | $14.5M | $11.0M | $10.4M | $10.5M | $20.4M | $22.5M | $19.8M | $15.3M | $13.1M |
| Goodwill | $28.0M | $28.0M | $28.0M | $28.0M | $28.0M | $27.9M | $27.9M | $32.8M | $34.3M | $34.9M |
| Other intangibles | $1.4M | $1.8M | $2.2M | $2.6M | $3.3M | $4.1M | $5.0M | $6.1M | $7.1M | $8.2M |
| Total assets | $1.19B | $836.2M | $598.2M | $489.5M | $553.6M | $602.6M | $487.5M | $476.6M | $542.7M | $644.5M |
| Accounts payable | $107.5M | $97.3M | $39.5M | $56.4M | $41.8M | $53.3M | $35.4M | $39.9M | $100.2M | $101.9M |
| Total current liabilities | $711.3M | $479.9M | $302.3M | $202.5M | $223.0M | $276.1M | $144.0M | $81.3M | $183.3M | $350.7M |
| Total liabilities | $724.1M | $484.4M | $307.3M | $208.6M | $228.0M | $280.2M | $146.5M | $82.3M | $184.5M | $351.9M |
| Retained earnings | $406.2M | $292.7M | $225.5M | $207.8M | $188.7M | $166.1M | $189.3M | $247.6M | $211.1M | $154.6M |
| Total equity | $462.3M | $351.9M | $290.9M | $280.9M | $325.6M | $322.4M | $341.0M | $394.4M | $358.1M | $292.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $414.7M | $167.6M | $116.9M | -$30.1M | $28.4M | $176.0M | $53.6M | -$112.3M | -$72.8M | $259.0M |
| Depreciation and amortisation | $1.9M | $1.9M | $2.0M | $3.0M | $3.4M | $3.7M | $3.5M | $3.4M | $2.8M | $2.0M |
| Stock-based compensation | $7.9M | $4.5M | $4.5M | $4.0M | $3.5M | $2.9M | $2.1M | $1.6M | $4.7M | $2.3M |
| Capital expenditure | $3.9M | $6.6M | $2.8M | $3.4M | $1.4M | $1.7M | $7.1M | $8.6M | $4.8M | $2.8M |
| Investing cash flow | -$182.0M | -$193.6M | -$67.6M | -$63.1M | -$7.0M | $67.0M | -$36.1M | $170.6M | $38.7M | -$243.8M |
| Financing cash flow | -$42.6M | -$26.1M | -$26.1M | -$82.8M | -$34.6M | -$45.4M | -$14.0M | -$15.5M | -$13.6M | -$8.9M |
| Dividends paid | $24.3M | $18.3M | $14.7M | $14.0M | $15.7M | $47.0M | — | — | — | — |
| Buybacks | $9.9M | $1.5M | $12.5M | $68.2M | $20.4M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-045998.
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