The financials
Argan, Inc. by the numbers
Argan, Inc. (AGX) reported revenue of $384M in Q2 2026 (quarter ended Jul 31, 2026), up 62% from the same quarter a year earlier. That came with a gross margin of 19% and net income of $53M (14% of revenue). For the full year FY2025, revenue was $945M (+8.1% year on year) and net income $138M. Its largest segment in Q1 2026 (quarter ended Apr 30, 2026) was Power Industry Services at $227M, 78% of the disclosed total, well ahead of Industrial Construction Services at 20%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $384M | $238M | +62% |
| Gross profit | $74M | $44M | +68% |
| Operating income | $57M | $30M | +89% |
| Net income | $53M | $35M | +51% |
| Diluted EPS | $3.76 | $2.50 | +50% |
| 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: Q1 2026Total $291.0M (+11%)
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 +11%year on year +41%+11%+41%
- Industrial Construction Services$58.3M$58.3MQoQ +10%year on year +100%+10%+100%
- Telecommunications Infrastructure Services$6.0M$6.0MQoQ +10%year on year +45%+10%+45%
Engineering & Construction
Ranks #4 of 22 by Smart Score