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Stocks · Industrials · Construction - Special Trade Contractors

ARGAN INC

AGX Clue Score66
United States Fiscal year ends January CIK 0000100591
$392.61 -1.52% Close, 9 Oct 2026
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Price $392.61 +798.83% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue675.0Operating income112.3Net income70.3EPS, diluted4.50Fiscal year 2018Revenue892.8 +32.3%Operating income107.0Net income72.0 +2.4%EPS, diluted4.56 +1.3%Fiscal year 2019Revenue482.2 −46.0%Operating income40.2Net income52.0 −27.7%EPS, diluted3.32 −27.2%Fiscal year 2020Revenue239.0 −50.4%Operating income−55.8Net income−42.7 −182.0%EPS, diluted−2.73 −182.2%Fiscal year 2021Revenue392.2 +64.1%Operating income23.0Net income23.9EPS, diluted1.51Fiscal year 2022Revenue509.4 +29.9%Operating income44.5Net income38.2 +60.3%EPS, diluted2.40 +58.9%Fiscal year 2023Revenue455.0 −10.7%Operating income41.7Net income33.1 −13.5%EPS, diluted2.33 −2.9%Fiscal year 2024Revenue573.3 +26.0%Operating income36.5Net income32.4 −2.2%EPS, diluted2.39 +2.6%Fiscal year 2025Revenue874.2 +52.5%Operating income88.2Net income85.5 +164.1%EPS, diluted6.15 +157.3%Fiscal year 2026Revenue944.6 +8.1%Operating income134.7Net income137.8 +61.2%EPS, diluted9.74 +58.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 675.0 892.8 482.2 239.0 392.2 509.4 455.0 573.3 874.2 944.6
Growth +32.3% −46.0% −50.4% +64.1% +29.9% −10.7% +26.0% +52.5% +8.1%
Operating income 112.3 107.0 40.2 −55.8 23.0 44.5 41.7 36.5 88.2 134.7
Net income 70.3 72.0 52.0 −42.7 23.9 38.2 33.1 32.4 85.5 137.8
Growth +2.4% −27.7% −182.0% +60.3% −13.5% −2.2% +164.1% +61.2%
EPS, diluted 4.50 4.56 3.32 −2.73 1.51 2.40 2.33 2.39 6.15 9.74
Growth +1.3% −27.2% −182.2% +58.9% −2.9% +2.6% +157.3% +58.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin21.7%Operating margin16.6%Net margin10.4%Free cash flow margin38.0%Fiscal year 2018Gross margin16.7%Operating margin12.0%Net margin8.1%Free cash flow margin−8.7%Fiscal year 2019Gross margin17.1%Operating margin8.3%Net margin10.8%Free cash flow margin−25.1%Fiscal year 2020Gross margin−2.9%Operating margin−23.4%Net margin−17.9%Free cash flow margin19.5%Fiscal year 2021Gross margin15.8%Operating margin5.9%Net margin6.1%Free cash flow margin44.4%Fiscal year 2022Gross margin19.6%Operating margin8.7%Net margin7.5%Free cash flow margin5.3%Fiscal year 2023Gross margin19.0%Operating margin9.2%Net margin7.3%Free cash flow margin−7.3%Fiscal year 2024Gross margin14.1%Operating margin6.4%Net margin5.6%Free cash flow margin19.9%Fiscal year 2025Gross margin16.1%Operating margin10.1%Net margin9.8%Free cash flow margin18.4%Fiscal year 2026Gross margin20.5%Operating margin14.3%Net margin14.6%Free cash flow margin43.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 21.7% 16.7% 17.1% −2.9% 15.8% 19.6% 19.0% 14.1% 16.1% 20.5%
Operating margin 16.6% 12.0% 8.3% −23.4% 5.9% 8.7% 9.2% 6.4% 10.1% 14.3%
Net margin 10.4% 8.1% 10.8% −17.9% 6.1% 7.5% 7.3% 5.6% 9.8% 14.6%
Free cash flow margin 38.0% −8.7% −25.1% 19.5% 44.4% 5.3% −7.3% 19.9% 18.4% 43.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow259.0Capital expenditure−2.8Free cash flow256.2Fiscal year 2018Operating cash flow−72.8Capital expenditure−4.8Free cash flow−77.6 −130.3%Fiscal year 2019Operating cash flow−112.3Capital expenditure−8.6Free cash flow−120.9Fiscal year 2020Operating cash flow53.6Capital expenditure−7.1Free cash flow46.5Fiscal year 2021Operating cash flow176.0Capital expenditure−1.7Free cash flow174.3 +274.8%Dividends paid−47.0Fiscal year 2022Operating cash flow28.4Capital expenditure−1.4Free cash flow27.0 −84.5%Buybacks−20.4Dividends paid−15.7Fiscal year 2023Operating cash flow−30.1Capital expenditure−3.4Free cash flow−33.4 −223.9%Buybacks−68.2Dividends paid−14.0Fiscal year 2024Operating cash flow116.9Capital expenditure−2.8Free cash flow114.1Buybacks−12.5Dividends paid−14.7Fiscal year 2025Operating cash flow167.6Capital expenditure−6.6Free cash flow161.0 +41.1%Buybacks−1.5Dividends paid−18.3Fiscal year 2026Operating cash flow414.7Capital expenditure−3.9Free cash flow410.8 +155.2%Buybacks−9.9Dividends paid−24.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 259.0 −72.8 −112.3 53.6 176.0 28.4 −30.1 116.9 167.6 414.7
Capital expenditure −2.8 −4.8 −8.6 −7.1 −1.7 −1.4 −3.4 −2.8 −6.6 −3.9
Free cash flow 256.2 −77.6 −120.9 46.5 174.3 27.0 −33.4 114.1 161.0 410.8
Growth −130.3% +274.8% −84.5% −223.9% +41.1% +155.2%
Buybacks n/a n/a n/a n/a n/a −20.4 −68.2 −12.5 −1.5 −9.9
Dividends paid n/a n/a n/a n/a −47.0 −15.7 −14.0 −14.7 −18.3 −24.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash167.2Shareholders’ equity291.6Fiscal year 2018Cash122.1Shareholders’ equity358.1Fiscal year 2019Cash164.3Shareholders’ equity394.6Fiscal year 2020Cash167.4Shareholders’ equity339.2Fiscal year 2021Cash366.7Shareholders’ equity320.7Fiscal year 2022Cash350.5Shareholders’ equity326.4Fiscal year 2023Cash173.9Shareholders’ equity280.9Fiscal year 2024Cash197.0Shareholders’ equity290.9Fiscal year 2025Cash145.3Shareholders’ equity351.9Fiscal year 2026Cash339.5Shareholders’ equity462.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 167.2 122.1 164.3 167.4 366.7 350.5 173.9 197.0 145.3 339.5
Shareholders’ equity 291.6 358.1 394.6 339.2 320.7 326.4 280.9 290.9 351.9 462.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jan 2017 FY2018 31 Jan 2018 FY2019 31 Jan 2019 FY2020 31 Jan 2020 FY2021 31 Jan 2021 FY2022 31 Jan 2022 FY2023 31 Jan 2023 FY2024 31 Jan 2024 FY2025 31 Jan 2025 FY2026 31 Jan 2026
Revenue and profit
675.0 892.8 482.2 239.0 392.2 509.4 455.0 573.3 874.2 944.6
Growth +32.3% −46.0% −50.4% +64.1% +29.9% −10.7% +26.0% +52.5% +8.1%
528.3 743.5 399.7 245.8 330.1 409.6 368.7 492.5 733.2 750.9
146.7 149.3 82.4 −6.8 62.1 99.7 86.4 80.8 141.0 193.7
Growth +1.8% −44.8% −108.3% +60.7% −13.4% −6.4% +74.4% +37.4%
32.5 41.8 40.7 44.1 39.0 47.3 44.7 44.4 52.8 59.0
112.3 107.0 40.2 −55.8 23.0 44.5 41.7 36.5 88.2 134.7
Growth −4.7% −62.4% −238.8% +93.3% −6.4% −12.5% +141.9% +52.7%
114.5 112.6 47.2 −47.8 24.9 47.1 46.0 48.9 111.2 160.5
37.1 40.3 −4.7 −7.1 1.1 11.4 11.3 16.6 25.7 22.7
70.3 72.0 52.0 −42.7 23.9 38.2 33.1 32.4 85.5 137.8
Growth +2.4% −27.7% −182.0% +60.3% −13.5% −2.2% +164.1% +61.2%
Per share
4.67 4.64 3.34 −2.73 1.52 2.43 2.35 2.42 6.35 10.00
4.50 4.56 3.32 −2.73 1.51 2.40 2.33 2.39 6.15 9.74
Growth +1.3% −27.2% −182.2% +58.9% −2.9% +2.6% +157.3% +58.4%
15.1 15.5 15.6 15.6 15.7 15.7 14.1 13.4 13.4 13.8
15.6 15.8 15.7 15.6 15.8 15.9 14.2 13.5 13.9 14.1
Growth +1.0% −0.6% −0.5% +1.3% +0.6% −10.9% −4.4% +2.6% +1.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 19.2% a year over five years, and earnings per share grew 45.2% a year.
  • The diluted share count fell 10.6% in five years, so buybacks did some of the work per share.
  • Operating margin is up 8.4 points on five years ago, at 14.3%.
  • A net loss in 1 of 10 years on file.