Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Argan, Inc.

AGXNYSE
Wall Street Score · overall investment61/100
$351.06USD+$10.02 (+2.94%)
Company website www.arganinc.com
Headquarters4075 Wilson Boulevard, Arlington, VA, 22203, US
Financial statement currencyUSD · no FX conversion applied
Industrials · Engineering & Construction
Price updated todayFinancials updated Oct 1, 2026

AGX · Price history

Price at last available close

$351.06

−$4.15 (-1.17%) 1M

2026-10-28

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Company & revenue

About Argan, Inc.

Primary reporting period: 2026-01-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Argan, Inc., operating through its various subsidiaries, offers a comprehensive suite of services to the power generation and renewable energy sectors. These services span engineering, procurement, construction (EPC), commissioning, operations management, maintenance, project development, and technical and consulting support. The company is structured into three main operating divisions: 1.

How they make money

Argan, Inc. operates as a holding company that provides engineering, procurement, construction, commissioning, and maintenance services. The company generates revenue primarily through long-term contracts in the power, industrial, and telecommunications infrastructure sectors, managing project costs through labor, materials, and subcontracting.

Products & services

Engineering, procurement, and construction (EPC) services for power plants, industrial facility maintenance and construction, and telecommunications infrastructure installation.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

U [S]USD 852.21M90.2%

Period ended 2026-01-31Source

I [E]USD 65.01M6.9%

Period ended 2026-01-31Source

G [B]USD 27.39M2.9%

Period ended 2026-01-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

  • Power generation companiesSource
  • Industrial facility operatorsSource
  • Telecommunications service providersSource

Customer concentration

For Fiscal 2026, three Power segment customers accounted for approximately 23%, 16%, and 11% of consolidated revenues.

Suppliers, materials & equipment

  • Subcontractors and equipment vendors — The company relies on various third-party subcontractors and equipment suppliers to execute its construction and engineering projects.Source

Strengths

  • Strong project execution capabilities in power and industrial sectorsSource

Risks

  • Dependence on a limited number of significant customersSource
  • Risks associated with fixed-price contracts and project cost overrunsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

61

Fair

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

80

Strong

Financial Strength

51

Business Quality / Moat

95

Management

100

Growth Quality

92

Risk / Durability

76

Great Company · Attractive Price

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

69

Fully Valued

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

72/100

Building Historical Record

Model Score 72/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.

At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.

The model outlook is currently positive.

What we like
  • •Recent buyback activity is present
What to watch
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for AGX

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can AGX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is AGX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •How is AGX likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

61

0–100 · Fair

Opportunity Score

69

0–100 · Fair

Market Cap

$4.93B

P/E Ratio

29.4

EPS

$12.86

52-Week High

$805.75

52-Week Low

$255.60

Beta

0.57

Intrinsic Value

$495.11

Analyst Target

$436.50

Shares Outstanding

14.2M

Total Revenue

$1.19B

Total Debt

$6.4M

Dividend Yield (TTM)

0.63%

View dividend history

Liquidation Value / Share

$35.74

Estimated net asset value per share

Dividend / Share (TTM)

$2.20

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
24/ 100
+8 pts / 5d

Strong downward momentum

5D +1.5% · 20D -7.1% · RSI 29 · Price vs 20D avg -4.5%
Volatility
44/ 100
-0 pts / 5d

Normal movement

20D realized vol 52.5% · 60D 54.0% · Acceleration 0.97x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for AGX

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on AGX.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Strong project execution capabilities in power and industrial sectors.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Engineering & Construction industry.
  • −Dependence on a limited number of significant customers.
  • −Risks associated with fixed-price contracts and project cost overruns.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Fair61/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Fair

61

Tap for breakdown →

Poor

33

Debt Cost—
Debt Reduction YoY-135.7%
Debt / Equity0.01x

Tap for breakdown →

Fair

50

Revenue YoY25.8%
Revenue CAGR28.4%
Net Margin15.1%

Tap for breakdown →

Fair

68

Asset Growth YoY41.9%
Liquidation/Share$35.74
Net Assets/MCap0.26x

Tap for breakdown →

Poor

17

Earnings Yield3.4%
Buyback Yield0.4%
Debt Cost—

Tap for breakdown →

Elite

100

ROIC77.7%
ROE35.4%
ROA12.8%

Tap for breakdown →

Elite

95

EPS Growth39.5%
FCF/Share Growth85.9%
Rev/Share Growth15.3%

Tap for breakdown →

Fair

58

Intrinsic Value$495.11
Value Reference$297.07
MOS30.2%

Tap for breakdown →

Fair

64

Revenue50
Moat95
Valuation58

Tap for breakdown →

Fair

59

MOS %30.2%
Value Reference$297.07
Deep Discount Reference$198.04

Tap for breakdown →

Strong

74

Interest Coverage—
ROIC77.7%
FCF Yield7.8%

Tap for breakdown →

Strong

75

Financial74
Valuation58
Debt33

Tap for breakdown →

Elite

94

Survival Years18.7 yrs
Current Ratio1.60x
FCF Margin43.5%

Tap for breakdown →

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Score Changes

5 historical score records available

Previous Score

55

Sep 8, 2026

Change

+5.3

points

Current Score

61

Oct 1, 2026

Category Changes

Revenue+0.8
Debt0
Assets+1.1
Capital+2.0
Management0
Moat-0.5
Valuation+26.9
Buffett+2.9

AGX increased 5.3 points because Capital improved by 2 points, Valuation improved by 26.9 points, Buffett improved by 2.9 points.

Positive Contributors

  • + Capital improved by 2 points
  • + Valuation improved by 26.9 points
  • + Buffett improved by 2.9 points

Projected Score

Projected Score

67

Projected Change

+6.9 points

Preliminary comparable-period financial changes suggest improvement of approximately 6.9 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Undervalued

Current Price

$351.06

Model Intrinsic Value

$495.11

Difference

−$144.05

-29.1% vs IV

Margin of Safety

29.1%

UndervaluedFair ValueOvervalued
Value Reference: $297.07
Deep Discount Reference: $198.04

Financial Charts

Revenue

201520162017201820192020202120222023202420252026$0$250M$500M$750M$1.0B

Additional Metrics

Operating Cash Flow

201620182020202220242026-$150M$0$150M$300M$450M

Total Debt

201620182020202220242026$0$2M$4M$6M$8M

Total Assets

201620182020202220242026$0$300M$600M$900M$1.2B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2026202520242023202220212020201920182017
Revenue$1.19B$944.6M$874.2M$573.3M····························
Cost of Revenue$940.3M$750.9M$733.2M$492.5M····························
Gross Profit$247.9M$193.7M$141.0M$80.8M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$65.4M$59.0M$52.8M$44.4M····························
Operating Expenses$65.4M$59.0M$52.8M$44.4M····························
EBITDA$218.0M$162.8M$116.9M$51.3M····························
Operating Income$182.5M$134.7M$88.2M$36.5M····························
Interest Expense$0.00$0.00$0.00$0.00····························
Income Before Tax$215.7M$160.5M$111.2M$48.9M····························
Income Tax Expense$36.4M$22.7M$25.7M$16.6M····························
Net Income$179.3M$137.8M$85.5M$32.4M····························
Basic EPS$12.86$10.00$6.35$2.42····························
Basic Shares14.03M13.89M13.45M13.37M····························
Diluted Shares14.16M14.18M13.91M13.55M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Dec 3, 2026
Estimated EPS: $3.14Estimated revenue: $358.8M
Jul 31, 2026Q2FY2027

Revenue

$384.0M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$3.76

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-100.0%

Cash Change

+104.9%

Margin Change

-1.0 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Cash position grew
  • Debt reduced

What Weakened

  • Margins contracted

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 61.5%. EPS increased 50.4%. Cash increased 104.9%. Total debt declined 100.0%. Net income margin declined by 1.0 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 89 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

47

Smart Money

47

Number of Gurus

4

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

5 historical records
Jul 19, 26Aug 11, 26Sep 1, 26Sep 8, 26Oct 1, 260255075100

Historical Score Chart

3 of 5 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 2 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Debt Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Revenue Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Asset Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Capital Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Management Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Moat Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Valuation Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Buffett Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Intrinsic Value

Sep 1, 26Sep 8, 26Oct 1, 26$440.00$460.00$480.00$500.00$520.00

Value Reference

Sep 1, 26Sep 8, 26Oct 1, 26$260.00$270.00$280.00$290.00$300.00

Margin of Safety %

Sep 1, 26Sep 8, 26Oct 1, 260.1%0.1%0.1%0.2%0.3%

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News

Rumor Mill · AGX

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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