AGX
ARGAN INC
Next earnings Sep 2, 2026 · consensus $2.69 EPS, $304M rev
Last earnings +0.4% on 2026-06-04
$765.46
▲ +1.65%$765.46▲ +269.16%
over 1Y
L $201.37EODHDH $790.00
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.6%
1W-3.1%
1M+13.7%
3M+35.2%
YTD+135.3%
1Y+269.2%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Buy
Power-plant builder riding a data-center/gas boom with 30% ROE and surging cash, but 76x earnings prices the cycle to perfection.
Revenue (FY2026) $945M · FY2026
The read
Middling fundamentals and a rich price (~52% above fair value) leave little margin of safety — a wait-and-see.
Argan is an engineering and construction firm focused on power generation (natural gas and renewables) that is firing on all cylinders as electricity-demand and data-center buildout drives new plant construction. FY2026 revenue grew 8.1% to $945M but earnings exploded: net income up 61.2% to $138M, operating income up 52.7% to $135M, gross profit up 37.4% to $194M, and EPS up 58.4% to $9.74. Margins expanded impressively — gross margin to 20.5% and a 29.8% ROE — reflecting strong project execution and favorable mix. Cash generation was extraordinary: operating cash flow surged 147.5% to $415M against trivial capex of $3.88M, lifting cash 133.7% to $339M. The business is virtually capital-light and self-funding, and it returned cash via a growing dividend ($24.3M, +32.9%) and buybacks ($9.88M).
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $509M | $455M | $573M | $874M | $945M |
| Gross profit | $99.7M | $86.4M | $80.8M | $141M | $194M |
| Operating income | $44.5M | $41.7M | $36.5M | $88.2M | $135M |
| Net income | $38.2M | $33.1M | $32.4M | $85.5M | $138M |
| Diluted EPS | $2.40 | $2.33 | $2.39 | $6.15 | $9.74 |
| Net margin | 7.5% | 7.3% | 5.6% | 9.8% | 14.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$10.3B
EV / EBITDA76.4
EV / Sales10.9
EV / FCF25.2
P / FCF26.0
PEG (trailing)1.28
Earnings yield1.3%
FCF yield3.8%
Quality & risk
ROIC (est.)23.0%
Free cash flow$411M
Total debt—
Net cash$339M
Altman Z-Score10.92 safe
Piotroski F-Score5/8
Capital returns
Buyback yield0.1%
Dividend yield (est.)0.2%
Shareholder yield0.3%
Shares Δ YoY+2.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-23open ↗144/AFiling2026-06-23open ↗144Filing2026-06-22open ↗4Period ending 2026-06-172026-06-18open ↗144Filing2026-06-18open ↗4Period ending 2026-06-172026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗144Filing2026-06-17open ↗144Filing2026-06-17open ↗144Filing2026-06-17open ↗4Period ending 2026-06-152026-06-16open ↗4Period ending 2026-06-152026-06-16open ↗
Frequently asked
- Is ARGAN INC (AGX) a buy?
- AGX currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Power-plant builder riding a data-center/gas boom with 30% ROE and surging cash, but 76x earnings prices the cycle to perfection.
- What is AGX's fair value?
- A Modified-Graham model based on AGX's SEC fundamentals estimates a fair value of about $370.12. It is an estimate from reported earnings, not a price target.
- Is AGX overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AGX currently appears overvalued relative to its SEC-grounded earnings power.
- What is ARGAN INC's quality score?
- AGX scores 67.70588235294116/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000100591, latest 10-Q filed 2026-06-04) · EODHD · analysis by claude-code · as of 6/21/2026, 8:48:22 PM.
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