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Companies / Industrials / Argan, Inc.
AGX

Argan, Inc.

IndustrialsConstruction
Ticker AGXARLINGTON, VAFiscal year ends JanuaryBook value per share $35.74Diluted shares 14.2M

Argan, Inc. (NYSE: AGX) is an engineering and construction holding company operating through three reportable segments. Its Power segment provides engineering, procurement, construction, commissioning, maintenance, project development and consulting services for power generation projects, serving independent power… From the company’s description.

In fiscal 2026, Argan, Inc. reported revenue of $944.61M, up 8.1% from fiscal 2025, and net income of $137.77M. Its operating margin was 14.3%, and operations generated $414.72M in cash. Over the twelve months to Jul 31, 2026, revenue was $1.19B.

Fiscal year 2026 · ends 01-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$944.61MFY2026
+8.1% year over year
Last 12 mo $1.19B
14.26%FY2026
+4.2 percentage points
Last 12 mo 15.36%
$137.77MFY2026
+61.2% year over year
Last 12 mo $179.31M
29.80%FY2026
+5.5 percentage points
Last 12 mo 35.38%
Cash & financing
$414.72MFY2026
+147.5% year over year
Last 12 mo $555.18M
$410.84MFY2026
+155.2% year over year
Last 12 mo $545.70M
—
14.1MFY2026
+1.7% year over year
Last 12 mo 14.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Argan, Inc. does

In the company’s own words

Argan, Inc. (NYSE: AGX) is an engineering and construction holding company operating through three reportable segments. Its Power segment provides engineering, procurement, construction, commissioning, maintenance, project development and consulting services for power generation projects, serving independent power producers, public utilities, equipment suppliers, commercial power users and, internationally, electric utilities and data center operators. Industrial provides construction, field and maintenance services and fabricates piping systems and pressure vessels for industrial customers, primarily in the southeastern United States. Teledata delivers utility construction and technology wiring services for power distribution, communications and data networks, serving commercial and industrial organizations and government agencies. In fiscal 2026, Power generated $756.5 million, or 80.1% of consolidated revenue; Industrial generated $167.6 million, or 17.7%; and Teledata generated $20.6 million, or 2.2%. The company reported 1,409 employees as of January 31, 2026. Argan was organized in 1961 and operates its subsidiaries as independent businesses under strategic oversight. Its website is www.arganinc.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
ARLINGTON, VA
Fiscal year end
January
CIK
100591
SIC
1700

Financial performance, year by year

Fiscal 2014–2026 · USD
$-163.60M$205.06M$573.71M$942.36M$1.31B2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Argan, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

412
funds hold it
2 of 35
superinvestors hold it
$5.21B
held by funds, at market
49.0%
of shares held by funds

Superinvestors in Argan, Inc. · what they did last quarter

Stephen MandelDECREASED -6.2%
Lone Pine Capital
1.8%of 13F portfolio
Polen CapitalDECREASED -43.2%
Polen Capital Management
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Argan, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.60%of fund net assets
First Trust RBA American Industrial Renaissance ETF
AIRR · First Trust Exchange-Traded Fund VI
4.73%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.34%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Argan, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Argan, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Argan, Inc.'s last four quarterly filings that the numbers alone won't show?”
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