Is the business good?
How good a business is AGX?
Argan, Inc. keeps 15% of every revenue dollar as operating profit, against 7.4% for the median Engineering & Construction name.
15%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q1 2026
- Cash conversion
- 3.02×
Cash conversion · 1.78× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.60%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 21%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 5.9% |
| FY2021 | 8.7% |
| FY2022 | 9.2% |
| FY2023 | 6.4% |
| FY2024 | 10% |
| FY2025 | 14% |
Details›
- Gross margin12 months to Q1 2026
- 21%
- Operating margin12 months to Q1 2026
- 15%
- Net margin12 months to Q1 2026
- 15%
- Free cash flow margin
- 47%
- Revenue, trailing twelve months
- $1.04B
- Free cash flow, trailing twelve months
- $487M
- Net income, trailing twelve months
- $161M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #3 of 27 by Smart Score