The financials
Argan, Inc. by the numbers
Argan, Inc. (AGX) reported revenue of $291M in Q1 2026 (quarter ended April 30, 2026), up 50% from the same quarter a year earlier. That came with a gross margin of 21% and net income of $46M (16% of revenue). For the full year FY2025, revenue was $945M (+8.1% year on year) and net income $138M. Its largest segment in 2026-Q2 was Power Industry Services at $227M, 78% of the disclosed total, just ahead of Industrial Construction Services at 20%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $291M | $194M | +50% |
| Gross profit | $61M | $37M | +66% |
| Operating income | $45M | $24M | +86% |
| Net income | $46M | $23M | +104% |
| Diluted EPS | $3.24 | $1.60 | +102% |
| Operating | Revenue | Share |
|---|---|---|
| Power Industry Services | $227M | 78% |
| Industrial Construction Services | $58M | 20% |
| Telecommunications Infrastructure Services | $6.0M | 2.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $291.0M (+16%)
Industrial Construction Services grew +100% year on yearPower Industry Services +41% year on year
Segment Latestquarter on quarteryear on year
- Power Industry Services$226.7M$226.7MQoQ +16%year on year +41%+16%+41%
- Industrial Construction Services$58.3M$58.3MQoQ +18%year on year +100%+18%+100%
- Telecommunications Infrastructure Services$6.0M$6.0MQoQ -4.8%year on year +45%-4.8%+45%
Engineering & Construction
Ranks #3 of 27 by Smart Score