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Argan Inc (AGX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · ENGINEERING & CONSTRUCTION · DATA UPDATED 2026-09-19

Argan Inc (AGX) operates in the ENGINEERING & CONSTRUCTION industry and is headquartered in Arlington, United States with about 1,409 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2026-01-31, AGX reported $945M in revenue and $138M in net income.

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.

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AGX Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-07-312026-01-312025-01-312024-01-312023-01-312022-01-312021-01-312020-01-312019-01-312018-01-312017-01-312016-01-312015-01-312014-01-312013-01-312012-01-312011-01-312010-01-312009-01-312008-01-312007-01-31
Total Revenue$1.2B$945M$874M$573M$455M$509M$392M$239M$482M$893M$675M$413M$383M$227M$279M$142M$183M$232M$221M$207M$69M
Gross Profit$248M$194M$141M$81M$86M$100M$62M($7M)$82M$149M$147M$99M$84M$79M$50M$23M$29M$23M$33M$22M$10M
Gross Margin %20.9%20.5%16.1%14.1%19.0%19.6%15.8%-2.9%17.1%16.7%21.7%24.1%21.8%34.7%18.0%16.3%16.0%10.1%14.9%10.4%14.9%
Operating Income (EBIT)$183M$135M$88M$36M$42M$45M$23M($56M)$40M$107M$112M$74M$64M$66M$36M$12M$17M$9M$15M($4M)$0M
Operating Margin %15.4%14.3%10.1%6.4%9.2%8.7%5.9%-23.4%8.3%12.0%16.6%18.0%16.7%29.0%12.8%8.4%9.3%3.7%6.7%-2.0%0.6%
Net Income$179M$138M$85M$32M$33M$38M$24M($43M)$52M$72M$70M$36M$30M$40M$23M$9M$8M$7M$10M($3M)$0M
Net Margin %15.1%14.6%9.8%5.6%7.3%7.5%6.1%-18.0%10.8%8.1%10.4%8.8%8.0%17.6%8.3%6.5%4.3%3.0%4.5%-1.6%-0.2%
EBITDA$163M$117M$51M$45M$57M$28M($46M)$46M$111M$117M$76M$65M$63M$37M$13M$18M$12M$20M$3M$0M
Earnings Per Share (EPS)$12.64$9.71$6.15$2.39$2.33$2.40$1.51$-2.75$3.32$4.56$4.50$2.42$2.05$2.78$1.65$0.67$0.57$0.51$0.78$-0.29$-0.02
Shares Outstanding (M)14M14M14M14M16M16M16M16M16M16M15M15M14M14M14M14M14M13M11M5M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AGX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-07-312026-04-302026-01-312025-10-312025-07-312025-04-302025-01-312024-10-312024-07-31
Total Revenue$384M$291M$262M$251M$238M$194M$232M$257M$227M
Gross Profit$74M$61M$66M$47M$44M$37M$48M$44M$31M
Gross Margin %19.3%21.0%25.0%18.7%18.6%19.0%20.5%17.2%13.7%
Operating Income (EBIT)$57M$45M$48M$33M$30M$24M$33M$30M$19M
Operating Margin %14.8%15.6%18.2%13.0%12.6%12.6%14.1%11.8%8.2%
Net Income$53M$46M$49M$31M$35M$23M$31M$28M$18M
Net Margin %13.8%15.8%18.8%12.2%14.8%11.6%13.5%10.9%8.0%
EBITDA$54M$56M$40M$37M$31M$43M$38M$25M
Earnings Per Share (EPS)$3.76$3.24$3.47$2.17$2.50$1.60$2.22$2.00$1.31
Shares Outstanding (M)14M14M14M14M14M14M14M14M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AGX Free Cash Flow History

Cash flowTTM → 2026-07-312026-01-312025-01-312024-01-312023-01-312022-01-312021-01-312020-01-312019-01-312018-01-312017-01-312016-01-312015-01-312014-01-312013-01-312012-01-312011-01-312010-01-312009-01-312008-01-312007-01-31
Cash from Operations (CFO)$554M$415M$168M$117M($30M)$28M$175M$54M($112M)($73M)$259M($34M)$93M$99M$32M$79M$19M($13M)($11M)$42M($13M)
Capital Expenditures (CapEx)$9M$4M$7M$3M$3M$1M$2M$7M$9M$5M$3M$3M$3M$1M$7M$2M$0M$0M$0M$1M$1M
Free Cash Flow (FCF)$546M$411M$161M$114M($33M)$27M$173M$47M($121M)($78M)$256M($37M)$90M$98M$24M$77M$19M($13M)($12M)$42M($14M)
FCF Margin %46.0%43.5%18.4%19.9%-7.3%5.3%44.1%19.5%-25.1%-8.7%38.0%-8.9%23.6%43.0%8.7%54.3%10.3%-5.7%-5.4%20.1%-20.7%
Dividends Paid$24M$18M$15M$14M$16M$47M$16M$16M$16M$15M$10M$10M$11M$8M$7M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AGX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-07-312026-04-302026-01-312025-10-312025-07-312025-04-302025-01-312024-10-312024-07-31
Cash from Operations (CFO)$97M$113M$172M$172M$35M$35M$45M$32M$73M
Capital Expenditures (CapEx)$5M$2M$1M$1M$2M$0M$1M$3M$2M
Free Cash Flow (FCF)$92M$111M$171M$172M$33M$35M$43M$29M$71M
FCF Margin %24.0%38.1%65.3%68.5%13.8%18.0%18.6%11.4%31.3%
Dividends Paid$7M$7M$7M$5M$5M$5M$5M$4M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AGX Balance Sheet History

Balance sheet2026-07-312026-01-312025-01-312024-01-312023-01-312022-01-312021-01-312020-01-312019-01-312018-01-312017-01-312016-01-312015-01-312014-01-312013-01-312012-01-312011-01-312010-01-312009-01-312008-01-312007-01-31
Total Assets$1.4B$1.2B$836M$598M$489M$554M$603M$488M$477M$543M$644M$410M$391M$323M$235M$205M$131M$120M$135M$146M$121M
Cash & Cash Equivalents$364M$339M$145M$197M$174M$350M$367M$167M$164M$122M$167M$161M$334M$272M$175M$157M$83M$66M$75M$67M$25M
Total Liabilities$894M$724M$484M$307M$209M$228M$280M$147M$82M$185M$352M$188M$216M$166M$116M$104M$33M$32M$56M$104M$77M
Total Debt (Short + Long-Term)$3M$3M$3M$2M$1M$2M$2M$0M$0M$0M$0M$0M$0M$0M$0M$0M$2M$4M$7M$9M
Total Shareholders' Equity$507M$462M$352M$291M$281M$326M$321M$339M$395M$358M$292M$219M$185M$156M$121M$101M$98M$88M$79M$42M$45M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AGX viewer.

AGX Metric Deep Dives

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