ARGAN INC AGX

Industrials SIC 1700 - Construction - Special Trade Contractors NAICS Construction › Specialty Trade Contractors derived NYSE

Last close 331.03 2026-10-23
Market cap $4.64B 2026-07-31 share count
52-week range 276.28 - 805.75

Valuation FY2025 figures against the last close

P/S4.9x
P/E34.0x
P/FCF11.3x
EV/EBITDA34.0x
Dividend yield0.5%
Diluted EPS9.74

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Republic of Ireland
  • United Kingdom
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 852.2M (90.2%) 90% United States Republic of Ireland, FY2025: 65M (6.9%) 7% United Kingdom, FY2025: 27.4M (2.9%) FY2024 United States, FY2024: 783.1M (89.6%) 90% Republic of Ireland, FY2024: 81.4M (9.3%) 9% United Kingdom, FY2024: 9.7M (1.1%) FY2023 United States, FY2023: 334.2M (58.3%) 58% Republic of Ireland, FY2023: 198.7M (34.7%) 35% United Kingdom, FY2023: 40.4M (7.0%) 7%
Region FY2025FY2024FY2023
United States $852.2M $783.1M $334.2M
Republic of Ireland $65.0M $81.4M $198.7M
United Kingdom $27.4M $9.7M $40.4M

As the company reported it, from the “REVENUES FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 10.006.352.422.352.431.52-2.733.344.644.67
EPS, diluted 9.746.152.392.332.401.51-2.733.324.564.50
Shares, diluted (wtd. avg.) 14.1M13.9M13.5M14.2M15.9M15.8M15.6M15.7M15.8M15.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M 1B Revenue, FY2016: 675M Gross profit, FY2016: 146.7M Net income, FY2016: 70.3M Revenue, FY2017: 892.8M Gross profit, FY2017: 149.3M Net income, FY2017: 72M Revenue, FY2018: 482.2M Gross profit, FY2018: 82.4M Net income, FY2018: 52M Revenue, FY2019: 239M Gross profit, FY2019: -6.8M Net income, FY2019: -42.7M Revenue, FY2020: 392.2M Gross profit, FY2020: 62.1M Net income, FY2020: 23.9M Revenue, FY2021: 509.4M Gross profit, FY2021: 99.7M Net income, FY2021: 35.7M Revenue, FY2022: 455M Gross profit, FY2022: 86.4M Net income, FY2022: 34.7M Revenue, FY2023: 573.3M Gross profit, FY2023: 80.8M Net income, FY2023: 32.4M Revenue, FY2024: 874.2M Gross profit, FY2024: 141M Net income, FY2024: 85.5M Revenue, FY2025: 944.6M Gross profit, FY2025: 193.7M Net income, FY2025: 137.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $675.0M $892.8M $482.2M $239.0M $392.2M $509.4M $455.0M $573.3M $874.2M $944.6M
Gross profit $146.7M $149.3M $82.4M -$6.8M $62.1M $99.7M $86.4M $80.8M $141.0M $193.7M
Net income $70.3M $72.0M $52.0M -$42.7M $23.9M $35.7M $34.7M $32.4M $85.5M $137.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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