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Equiscale · Syntellia LLC
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. It operates through three segments: Power, Industrial, and Teledata. Its Power segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects; and design, construction, project management, start-up, and operation, as well as provides technical consulting services; and turbine, boiler, and large rotating equipment. This segment serves independent power producers, public utilities, power plant equipment suppliers, and other commercial firms. The company's Industrial segment provides field services that support new plant construction and additions; maintenance turnarounds; shutdowns and emergency mobilizations for industrial plants; and fabricates, delivers, and installation of metal components, such as piping systems and pressure vessels. Its Teledata segment offers trenchless directional boring and excavation for underground communication and power networks; aerial cabling; high and low voltage electric lines; and private area outdoor lighting systems, as well as installs buried cable. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks; and utility construction services and comprehensive technology wiring solutions. This segment serves electricity cooperative, state and federal government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as customers in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Arlington, Virginia.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $945M | $141M | $138M | $411M | 29.8% | 8.1% | 61.2% |
| 2025 | $874M | $94M | $85M | $161M | 24.3% | 52.5% | 164.1% |
| 2024 | $573M | $40M | $32M | $114M | 11.1% | 26.0% | -2.2% |
| 2023 | $455M | $47M | $33M | $-33M | 11.8% | - | - |
| 2022 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 455.04 | 573.33 | 874.18 | 944.61 |
| Operating Revenue | - | 455.04 | 573.33 | 874.18 | 944.61 |
| Cost Of Revenue | - | 368.68 | 492.50 | 733.19 | 750.93 |
| Gross Profit | - | 86.36 | 80.83 | 140.99 | 193.68 |
| Operating Expense | - | 44.69 | 44.38 | 52.79 | 58.98 |
| Selling General And Administration | - | 44.69 | 44.38 | 52.79 | 58.98 |
| Total Expenses | - | 413.37 | 536.88 | 785.98 | 809.90 |
| Operating Income | - | 41.67 | 36.46 | 88.20 | 134.70 |
| Total Operating Income As Reported | - | 41.67 | 36.46 | 88.20 | 134.70 |
| EBITDA | - | 47.21 | 40.38 | 93.86 | 140.87 |
| Normalized EBITDA | - | 47.21 | 40.38 | 93.86 | 140.87 |
| EBIT | - | 41.67 | 36.46 | 88.20 | 134.70 |
| Other Non Operating Income Expenses | - | 4.33 | 12.48 | 23.01 | 25.81 |
| Other Income Expense | - | 4.33 | 12.48 | 23.01 | 25.81 |
| Pretax Income | - | 46 | 48.93 | 111.20 | 160.51 |
| Tax Provision | - | 11.30 | 16.58 | 25.74 | 22.74 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 34.70 | 32.36 | 85.46 | 137.77 |
| Net Income From Continuing And Discontinued Operation | - | 33.10 | 32.36 | 85.46 | 137.77 |
| Net Income From Continuing Operation Net Minority Interest | - | 33.10 | 32.36 | 85.46 | 137.77 |
| Net Income | - | 33.10 | 32.36 | 85.46 | 137.77 |
| Net Income Common Stockholders | - | 33.10 | 32.36 | 85.46 | 137.77 |
| Net Income Including Noncontrolling Interests | - | 34.70 | 32.36 | 85.46 | 137.77 |
| Normalized Income | - | 33.10 | 32.36 | 85.46 | 137.77 |
| Diluted NI Availto Com Stockholders | - | 33.10 | 32.36 | 85.46 | 137.77 |
| Basic Average Shares | - | 14.08 | 13.36 | 13.45 | 13.77 |
| Diluted Average Shares | - | 14.18 | 13.55 | 13.91 | 14.15 |
| Reconciled Depreciation | - | 5.54 | 3.92 | 5.66 | 6.17 |
| Reconciled Cost Of Revenue | - | 368.68 | 492.50 | 733.19 | 750.93 |
| Total Unusual Items | -7.90 | 0 | 0 | - | - |
| Total Unusual Items Excluding Goodwill | -7.90 | 0 | 0 | - | - |
| Minority Interests | 2.54 | -1.61 | 0 | 0 | - |
| Special Income Charges | -7.90 | 0 | 0 | - | - |
| Write Off | 7.90 | 0 | 0 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Argan, Inc.this co. | AGX | $9.6B | 69.86↑ premium | 20.82 | 29.8% | 65.93 |
| Powell Industries, Inc. | POWL | $10.9B | 60.48 | 17.06 | 28.2% | 46.56 |
| Builders FirstSource, Inc. | BLDR | $8.1B | 18.53 | 1.85 | 10.0% | 9.42 |
| Zurn Elkay Water Solutions Corporation | ZWS | $7.9B | 40.15 | 4.96 | 12.3% | 21.96 |
| Everus Construction Group, Inc. | ECG | $7.9B |
| - |
| - |
| - |
| - |
| 39.15 |
| 12.54 |
| 32.0% |
| 26.30 |
| A. O. Smith Corporation | AOS | $7.9B | 14.39 | 4.23 | 29.4% | 9.66 |
| Mercury Systems, Inc. | MRCY | $7.1B | -186.64 | 4.80 | -2.6% | 113.93 |
| MYR Group Inc. | MYRG | $7.0B | 59.36 | 10.64 | 17.9% | 29.91 |
| Primoris Services Corporation | PRIM | $6.9B | 25.19 | 4.12 | 16.4% | 14.55 |
| Peer Median | - | 32.17 | 4.88 | 17.1% | 24.13 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Nov has averaged the highest return (+10.8%); Dec the lowest (-7.4%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +10.8%Positive MonthJan 2026: +10.78% | +30.0%Positive MonthFeb 2026: +30.00% | +20.7%Positive MonthMar 2026: +20.70% | +23.0%Positive MonthApr 2026: +23.01% | -0.4%Neutral MonthMay 2026: -0.44% | +19.7%Positive MonthJun 2026: +19.72% | -28.6%Negative MonthJul 2026: -28.57% | -7.4%*Negative MonthAug 2026: -7.44% | — | — | — | — |
| 2025 | -0.2%Neutral MonthJan 2025: -0.18% | -4.7%Negative MonthFeb 2025: -4.70% | +0.6%Neutral MonthMar 2025: +0.61% | +16.7%Positive MonthApr 2025: +16.74% | +37.3%Positive MonthMay 2025: +37.33% | +4.8%Positive MonthJun 2025: +4.84% | +11.1%Positive MonthJul 2025: +11.11% | -6.8%Negative MonthAug 2025: -6.84% | +18.3%Positive MonthSep 2025: +18.33% | +13.4%Positive MonthOct 2025: +13.39% | +29.1%Positive MonthNov 2025: +29.06% | -20.7%Negative MonthDec 2025: -20.72% |
| 2024 | -5.3%Negative MonthJan 2024: -5.26% | +5.7%Positive MonthFeb 2024: +5.71% | +7.9%Positive MonthMar 2024: +7.85% | +19.2%Positive MonthApr 2024: +19.23% | +17.2%Positive MonthMay 2024: +17.21% | +3.6%Positive MonthJun 2024: +3.58% | +7.9%Positive MonthJul 2024: +7.89% | +0.5%Neutral MonthAug 2024: +0.48% | +27.9%Positive MonthSep 2024: +27.89% | +30.2%Positive MonthOct 2024: +30.18% | +18.1%Positive MonthNov 2024: +18.10% | -12.1%Negative MonthDec 2024: -12.12% |
| 2023 | +5.7%Positive MonthJan 2023: +5.72% | -0.3%Neutral MonthFeb 2023: -0.33% | +4.1%Positive MonthMar 2023: +4.14% | -0.6%Neutral MonthApr 2023: -0.59% | +0.5%Neutral MonthMay 2023: +0.55% | -2.6%Negative MonthJun 2023: -2.57% | -3.5%Negative MonthJul 2023: -3.48% | +11.7%Positive MonthAug 2023: +11.67% | +7.2%Positive MonthSep 2023: +7.16% | +0.5%Neutral MonthOct 2023: +0.48% | +2.0%Neutral MonthNov 2023: +1.97% | +0.3%Neutral MonthDec 2023: +0.32% |
| 2022 | -4.0%Negative MonthJan 2022: -3.98% | +4.7%Positive MonthFeb 2022: +4.68% | +4.4%Positive MonthMar 2022: +4.37% | -9.4%Negative MonthApr 2022: -9.39% | +8.7%Positive MonthMay 2022: +8.73% | -6.7%Negative MonthJun 2022: -6.68% | -0.4%Neutral MonthJul 2022: -0.43% | -6.9%Negative MonthAug 2022: -6.92% | -7.0%Negative MonthSep 2022: -7.00% | +7.8%Positive MonthOct 2022: +7.77% | +9.5%Positive MonthNov 2022: +9.46% | -2.8%Negative MonthDec 2022: -2.82% |
| 2021 | — | — | — | — | -2.1%Negative MonthMay 2021: -2.09% | -2.7%Negative MonthJun 2021: -2.67% | -5.9%Negative MonthJul 2021: -5.94% | +3.0%Positive MonthAug 2021: +3.00% | -5.7%Negative MonthSep 2021: -5.68% | -5.5%Negative MonthOct 2021: -5.52% | -4.8%Negative MonthNov 2021: -4.75% | -1.6%Neutral MonthDec 2021: -1.55% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
