AGX Stock - Argan, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $874.18M | $573.33M | $455.04M | $509.37M | $392.21M |
| Gross Profit | $140.99M | $80.83M | $86.36M | $99.73M | $62.07M |
| Gross Margin | 16.1% | 14.1% | 19.0% | 19.6% | 15.8% |
| Operating Income | $88.19M | $36.46M | $41.67M | $44.51M | $18.41M |
| Net Income | $85.46M | $32.36M | $33.10M | $38.24M | $23.85M |
| Net Margin | 9.8% | 5.6% | 7.3% | 7.5% | 6.1% |
| EPS | $6.35 | $2.42 | $2.35 | $2.43 | $1.52 |
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments. The Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, fertilizer, and mining companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 11th 2025 | Goldman | Initiation | Buy | $397 |
| October 13th 2025 | JP Morgan | Upgrade | Overweight | $315 |
| July 21st 2025 | JP Morgan | Initiation | Neutral | $220 |
| March 28th 2025 | Lake Street | Upgrade | Buy | $150 |
| December 3rd 2024 | Lake Street | Downgrade | Hold | $150← $85 |
Earnings History & Surprises
AGXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 26, 2026 | $1.99 | — | — | — |
Q4 2025 | Dec 4, 2025 | $2.05 | $2.17 | +5.9% | ✓ BEAT |
Q3 2025 | Sep 4, 2025 | $1.99 | $2.50 | +25.6% | ✓ BEAT |
Q2 2025 | Jun 4, 2025 | $1.09 | $1.60 | +46.8% | ✓ BEAT |
Q1 2025 | Mar 27, 2025 | $1.15 | $2.22 | +93.0% | ✓ BEAT |
Q4 2024 | Dec 5, 2024 | $1.26 | $2.00 | +58.7% | ✓ BEAT |
Q3 2024 | Sep 5, 2024 | $0.97 | $1.31 | +35.1% | ✓ BEAT |
Q2 2024 | Jun 6, 2024 | $0.52 | $0.58 | +11.5% | ✓ BEAT |
Q2 2024 | Apr 11, 2024 | $0.75 | $0.89 | +18.7% | ✓ BEAT |
Q4 2023 | Dec 6, 2023 | $0.88 | $0.40 | -54.5% | ✗ MISS |
Q3 2023 | Sep 6, 2023 | $0.75 | $0.94 | +25.3% | ✓ BEAT |
Q2 2023 | Jun 8, 2023 | $0.36 | $0.16 | -55.6% | ✗ MISS |
Q2 2023 | Apr 12, 2023 | $0.71 | $1.00 | +40.8% | ✓ BEAT |
Q4 2022 | Dec 7, 2022 | $0.71 | $0.56 | -21.1% | ✗ MISS |
Q3 2022 | Sep 8, 2022 | $0.39 | $0.30 | -23.1% | ✗ MISS |
Q2 2022 | Jun 8, 2022 | $0.30 | $0.50 | +66.7% | ✓ BEAT |
Q2 2022 | Apr 13, 2022 | $0.26 | $0.64 | +146.2% | ✓ BEAT |
Q4 2021 | Dec 8, 2021 | $0.47 | $0.78 | +66.0% | ✓ BEAT |
Q3 2021 | Sep 7, 2021 | $0.48 | $0.81 | +68.8% | ✓ BEAT |
Q2 2021 | Jun 8, 2021 | $0.35 | $0.67 | +91.4% | ✓ BEAT |
Latest News
Lake Street Downgrades Argan to Hold, Raises Price Target to $325
➖ NeutralArgan shares are trading lower after the company reported worse-than-expected Q3 sales results.
📉 NegativeArgan shares are trading lower after the company reported worse-than-expected Q3 sales results.
📉 NegativeArgan Q3 EPS $2.17 Beats $1.83 Estimate, Sales $251.153M Miss $263.844M Estimate
➖ NeutralArgan shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral.
📉 NegativeJP Morgan Downgrades Argan to Neutral, Raises Price Target to $370
➖ NeutralGLJ Research Upgrades Argan to Buy, Raises Price Target to $369
📈 PositiveArgan Subsidiary Gemma Power Systems Receives Full Notice To Proceed On Engineering, Procurement And Construction Services Contract With CPV Basin Ranch Holdings
📈 PositiveArgan strikes new all-time high after JPM upgrades as underappreciated AI play
📈 PositiveGLJ Research Initiates Coverage On Argan with Hold Rating, Announces Price Target of $251
➖ NeutralArgan shares are trading higher after Argan increased its quarterly dividend from $0.375 to $0.50.
📈 PositiveArgan Increases Its Quarterly Cash Dividend From $0.375 to $0.50
📈 PositiveArgan stock drops as revenue misses estimates; backlog and project timing in focus
📉 NegativeLake Street Maintains Buy on Argan, Raises Price Target to $260
📈 PositiveArgan shares are trading lower after the company reported mixed Q2 financial results.
📉 NegativeArgan shares are trading lower after the company reported mixed Q2 financial results.
📉 NegativeArgan Q2 EPS $2.50 Beats $1.64 Estimate, Sales $237.743M Miss $243.967M Estimate
📈 PositiveFrequently Asked Questions about AGX
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