Stocks · Industrials · Engineering & Construction

Argan, Inc. AGX

$383.83 +1.12% Close, Oct 2, 2026 · NYSE · Market cap $5.38B

Strong growthHigh quality

Next earnings report: Dec 3, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Earnings beat analyst estimates in each of the last 11 quarters (average surprise over the last four: +40.7%).
  2. Diluted EPS over the last four quarters was $12.64, up 51.9% year over year.
  3. Revenue over the last four quarters was $1.19B, up 29.0% from a year earlier, accelerating from 14.5% a quarter earlier.

PromtFinance scores

Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth97Exceptional

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Top 15%
  • EPS growth (TTM, YoY)Top 21%
  • FCF growth (TTM, YoY)Top 6%
  • Revenue growth, 3-year CAGRTop 9%
  • Revenue growth accelerationTop 6%
Quality99Exceptional

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 1%
  • Gross marginBottom 31%
  • Operating marginTop 22%
  • Cash conversion (OCF / net income)Top 7%
  • Accruals (lower is better)Top 4%
  • Net debt / EBITDA (lower is better)Top 6%
Value51Neutral

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 40%
  • Free-cash-flow yieldTop 9%
  • EBITDA / enterprise valueBottom 36%
  • Sales / enterprise valueBottom 25%
  • P/E vs own 5-year history (lower is better)Bottom 38%
Momentum36Weak

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 18%
  • 6-month returnBottom 8%
  • 1-year return vs S&P 500Top 27%
  • Distance from 52-week highBottom 16%
  • Trend checklist (0–4)Bottom 15%
Revisions86Strong

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 14%
  • Consecutive EPS beatsTop 10%
  • Share of analysts rating BuyTop 26%
  • Upside to consensus price targetBottom 23%
Stability45Neutral

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Bottom 19%
  • Maximum drawdown, 3 yearsBottom 41%
  • Beta vs S&P 500 (lower is better)Bottom 31%
  • Net debt / EBITDA (lower is better)Top 6%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)14.5%29.0%↑
EPS growth (YoY)59.6%51.9%↓
Gross margin18.8%20.9%↑
Operating margin12.7%15.4%↑
FCF margin15.2%45.9%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)29.0%14.5%↑Top 15%
EPS growth (TTM, YoY)51.9%59.6%↓Top 21%
Gross margin20.9%18.8%↑Bottom 31%
Operating margin15.4%12.7%↑Top 22%
Net margin15.1%12.7%↑—
Free-cash-flow margin45.9%15.2%↑—
Return on invested capital29.0%—Top 1%
Revenue growth, 3-year CAGR27.6%—Top 9%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
3.00×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-26.8%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.7%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
-54.2 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
-1.67×

Shareholder returns

Dividend yield (dividends paid, TTM)
0.52%
Net buyback yield (TTM)
0.24%
Shareholder yield
0.76%
Share count change, 1 year
+0.2%
Share count change, 3-year CAGR
+1.5%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jul 31, 2026 (filed Sep 2, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
11
Beats in the last 8 reports
8 of 8
Average EPS surprise, last 4
+40.7%
Average 2-day reaction, last 8
-0.3%
Positive 20 days after report
5 of 8

Analysts

Consensus price target
$436.50
Target vs current price
+13.7%
Analysts with a rating
7
Share rating Buy or Strong Buy
71%
Consensus rating
Buy

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Sep 2, 2026+42.4%+1.4%-0.6%-6.6%—
Jun 4, 2026+40.3%+0.4%-14.2%+2.9%-39.1%
Mar 26, 2026+74.4%-6.1%+30.6%+50.1%+80.6%
Dec 4, 2025+5.9%+1.5%-7.2%-7.2%+25.0%
Sep 4, 2025+25.6%+4.8%-0.5%+23.2%+67.7%
Jun 4, 2025+46.8%-0.4%-4.2%-5.7%+10.7%
Mar 27, 2025+93.0%-3.6%+15.5%+24.4%+74.5%
Dec 5, 2024+58.7%-0.1%-0.6%+0.0%-15.7%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Sep 2, 2026$3.76$2.64+42.4%$384.0M
Jun 4, 2026$3.24$2.31+40.3%$291.0M
Mar 26, 2026$3.47$1.99+74.4%$262.1M
Dec 4, 2025$2.17$2.05+5.9%$251.2M
Sep 4, 2025$2.50$1.99+25.6%$237.7M
Jun 4, 2025$1.60$1.09+46.8%$193.7M
Mar 27, 2025$2.22$1.15+93.0%$232.5M
Dec 5, 2024$2.00$1.26+58.7%$257.0M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)30.4×21.9×71thTop 40%
P/E (forward)29.0×———
EV / EBITDA23.0×——Bottom 36%
EV / Sales4.22×——Bottom 25%
Free-cash-flow yield10.14%——Top 9%
Earnings yield3.29%——Top 40%

P/E over the past five years

Range 14.2× – 60.6× since Jul 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+37.3%
Earnings per share growth (TTM)
+51.9%
Change in P/E multiple
+13.6%

Most of the move came from earnings growth.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-19.1%
200-day average slope (20 days)
+0.8%
Distance from 50-day average
-18.3%
Distance from 200-day average
-25.7%
RSI (14)
40.8
Relative volume
0.61×

Risk and drawdowns

Volatility, 60 days (annualized)
71.2%
Volatility vs own 5-year history
81th percentile · High for this stock
Beta vs S&P 500 (2 years, weekly)
1.34
Correlation with S&P 500
0.31
Current drawdown from 1-year high
-51.9%
Maximum drawdown, 3 years
-55.5%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Jun 30, 2026Sep 28, 2026-55.5%62 daysNot yet recovered
Jan 21, 2025Mar 10, 2025-43.9%33 days48 days (May 16, 2025)
Apr 1, 2021Oct 20, 2022-41.8%392 days370 days (Apr 12, 2024)
Nov 28, 2025Dec 17, 2025-25.0%13 days22 days (Jan 21, 2026)
May 14, 2026Jun 10, 2026-20.5%18 days7 days (Jun 22, 2026)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$5.38B
P/E (TTM)
30.4
EPS, diluted (TTM)
$12.64
Revenue (TTM)
$1.19B
Dividend yield
0.70%
52-week range
$255.60 – $805.75
FY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$509.4M$455.0M$573.3M$874.2M$944.6M
Gross profit$99.7M$86.4M$80.8M$141.0M$193.7M
Operating income$44.5M$41.7M$36.5M$88.2M$134.7M
Net income$38.2M$33.1M$32.4M$85.5M$137.8M
EPS (diluted)$2.40$2.33$2.39$6.15$9.73
Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027Q2 2027
Revenue$257.0M$232.5M$193.7M$237.7M$251.2M$262.1M$291.0M$384.0M
Net income$28.0M$31.4M$22.6M$35.3M$30.7M$49.2M$46.1M$53.3M
EPS (diluted)$2.00$2.22$1.60$2.50$2.17$3.47$3.24$3.76
FY 2022FY 2023FY 2024FY 2025FY 2026
Operating cash flow$28.4M-$30.1M$116.9M$167.6M$414.7M
Capital expenditure-$1.4M-$3.4M-$2.8M-$6.6M-$3.9M
Free cash flow$27.0M-$33.4M$114.1M$161.0M$410.8M
Dividends paid-$15.7M-$14.0M-$14.7M-$18.3M-$24.3M
Net share buybacks-$18.9M-$68.2M-$11.4M-$1.5M-$9.9M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$1.03B
Total assets
$1.40B
Total liabilities
$894.1M
Total debt
$0
Net debt
-$364.5M
Shareholders’ equity
$506.8M

As of Jul 31, 2026 (filed Sep 2, 2026).

Dividends

Ex-dateAmountPaid
Oct 22, 2026$0.70Oct 30, 2026
Jul 23, 2026$0.50Jul 31, 2026
Apr 22, 2026$0.50Apr 30, 2026
Jan 22, 2026$0.50Jan 30, 2026
Oct 23, 2025$0.50Oct 31, 2025
Jul 23, 2025$0.38Jul 31, 2025
Apr 22, 2025$0.38Apr 30, 2025
Jan 23, 2025$0.38Jan 31, 2025

Short interest

Shares sold short
1,299,081
Days to cover
2.78
Change vs previous report
+21.4%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

Oct 9, 2001
1-for-15
Mar 16, 1989
3-for-2