Argan, Inc. (AGX) Income Statement

NYSE: AGXRevenue, profits, margins and EPS over 10 years.

AGX FY2026 at a glance

Fiscal year ended January 31, 2026 · U.S. dollars
Revenue+8.1%
$944.6M
FY2026 · hover or tap a bar for each year
FY2017: $675.0M (+63.3%)FY2018: $892.8M (+32.3%)FY2019: $482.2M (−46.0%)FY2020: $239.0M (−50.4%)FY2021: $392.2M (+64.1%)FY2022: $509.4M (+29.9%)FY2023: $455.0M (−10.7%)FY2024: $573.3M (+26.0%)FY2025: $874.2M (+52.5%)FY2026: $944.6M (+8.1%)
FY2017FY2026
Gross profit+37.4%
$193.7M
FY2026 · hover or tap a bar for each year
FY2017: $146.7M (+47.5%)FY2018: $149.3M (+1.8%)FY2019: $82.4M (−44.8%)FY2020: −$6.8M (−108.3%)FY2021: $62.1MFY2022: $99.7M (+60.7%)FY2023: $86.4M (−13.4%)FY2024: $80.8M (−6.4%)FY2025: $141.0M (+74.4%)FY2026: $193.7M (+37.4%)
FY2017FY2026
Operating income+52.7%
$134.7M
FY2026 · hover or tap a bar for each year
FY2017: $112.3M (+50.9%)FY2018: $107.0M (−4.7%)FY2019: $40.2M (−62.4%)FY2020: −$55.8M (−238.8%)FY2021: $23.0MFY2022: $44.5M (+93.3%)FY2023: $41.7M (−6.4%)FY2024: $36.5M (−12.5%)FY2025: $88.2M (+141.9%)FY2026: $134.7M (+52.7%)
FY2017FY2026
Net income+61.2%
$137.8M
FY2026 · hover or tap a bar for each year
FY2017: $70.3M (+93.5%)FY2018: $72.0M (+2.4%)FY2019: $52.0M (−27.7%)FY2020: −$42.9M (−182.5%)FY2021: $23.9MFY2022: $38.2M (+60.3%)FY2023: $33.1M (−13.5%)FY2024: $32.4M (−2.2%)FY2025: $85.5M (+164.1%)FY2026: $137.8M (+61.2%)
FY2017FY2026
EPS (diluted)+59.4%
$9.74
FY2026 · hover or tap a bar for each year
FY2017: $4.63 (+91.3%)FY2018: $4.57 (−1.3%)FY2019: $3.42 (−25.2%)FY2020: −$2.61 (−176.3%)FY2021: $1.51FY2022: $2.40 (+58.9%)FY2023: $2.79 (+16.3%)FY2024: $2.39 (−14.3%)FY2025: $6.11 (+155.6%)FY2026: $9.74 (+59.4%)
FY2017FY2026
Net profit margin+4.8 pts
14.6%
FY2026 · hover or tap a point for each year
FY2017: 10.4% (+1.6 pts)FY2018: 8.1% (−2.4 pts)FY2019: 10.8% (+2.7 pts)FY2020: −18.0% (−28.8 pts)FY2021: 6.1% (+24.0 pts)FY2022: 7.5% (+1.4 pts)FY2023: 7.3% (−0.2 pts)FY2024: 5.6% (−1.6 pts)FY2025: 9.8% (+4.1 pts)FY2026: 14.6% (+4.8 pts)
FY2017FY2026

AGX revenue and net income

RevenueNet incomeNet margin (right axis)

Where AGX's revenue goes

FY2026
Revenue
$944.6M100.0%
Cost of revenue
−$750.9M−79.5%
Gross profit
$193.7M20.5%
Sales, general & admin
−$59.0M−6.2%
Operating income
$134.7M14.3%
Interest & other income
$25.8M2.7%
Income taxes
−$22.7M−2.4%
Net income
$137.8M14.6%

Each bar shows an amount and its share of revenue. AGX kept 14.6% of revenue as net income.

AGX profit margins

GrossOperatingNet

AGX growth rates

to FY2026
1 year3 years5 years10 years
Revenue+8.1%+27.6%+19.2%+8.6%
Gross profit+37.4%+30.9%+25.6%+6.9%
Operating income+52.7%+47.9%+42.4%+6.1%
Net income+61.2%+60.9%+42.0%+14.3%
EPS (diluted)+59.4%+51.7%+45.2%+14.9%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

AGX quarterly EPS vs estimates

Reported EPSAnalyst estimate

Argan beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: December 3, 2026 (estimate $3.34).

AGX income statement

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue$944.6M$874.2M$573.3M$455.0M$509.4M$392.2M$239.0M$482.2M$892.8M$675.0M
Cost of revenue$750.9M$733.2M$492.5M$368.7M$409.6M$330.1M$245.8M$399.7M$743.5M$528.3M
Gross profit$193.7M$141.0M$80.8M$86.4M$99.7M$62.1M−$6.8M$82.4M$149.3M$146.7M
Research & development———————$0$0$0
Sales, general & admin$59.0M$52.8M$44.4M$44.7M$47.3M$39.0M$44.1M$40.7M$41.8M$32.5M
Total operating expenses$59.0M$52.8M$44.4M$44.7M$55.2M$39.0M$49.0M$40.7M$41.8M$32.5M
Operating income$134.7M$88.2M$36.5M$41.7M$44.5M$23.0M−$55.8M$40.2M$107.0M$112.3M
Interest expense———$6.4M$10.7M$0$8.1M$4.2M$4.1M$8.8M
Income before taxes$160.5M$111.2M$48.9M$46.0M$47.1M$24.9M−$47.8M$47.2M$112.6M$114.5M
Income taxes$22.7M$25.7M$16.6M$11.3M$11.4M$1.1M−$4.8M−$4.7M$40.3M$37.1M
Net income$137.8M$85.5M$32.4M$33.1M$38.2M$23.9M−$42.9M$52.0M$72.0M$70.3M
EBITDA$162.8M$116.9M$51.3M$45.4M$56.6M$27.6M−$46.3M$46.2M$111.4M$117.4M
EPS (diluted)$9.74$6.11$2.39$2.79$2.40$1.51−$2.61$3.42$4.57$4.63
Gross margin20.5%16.1%14.1%19.0%19.6%15.8%−2.9%17.1%16.7%21.7%
Operating margin14.3%10.1%6.4%9.2%8.7%5.9%−23.4%8.3%12.0%16.6%
Net margin14.6%9.8%5.6%7.3%7.5%6.1%−18.0%10.8%8.1%10.4%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AGX's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

AGX financial results

In fiscal year 2026 (ended January 31, 2026), Argan reported revenue of $944.6 million, up 8.1% from the year before. It had net income of $137.8 million (up 61.2%), a net profit margin of 14.6%. Diluted earnings per share came to $9.74. Over five years revenue grew at an average rate of 19.2% a year.

See the AGX stock overview for the latest quote and news, or the AGX chart for price history and technical indicators.

AGX income statement FAQ

What is Argan's annual revenue?

Argan reported total revenue of $944.6 million for fiscal year 2026, which ended on January 31, 2026. That was up 8.1% from $874.2 million the previous year.

Is Argan profitable?

Yes. Argan reported net income of $137.8 million in fiscal 2026, a net profit margin of 14.6%; its operating margin was 14.3%.

What is Argan's gross margin?

Argan's gross margin was 20.5% in fiscal 2026: for every $100 of revenue, Argan kept $21 after the direct cost of its products and services.

How fast is Argan growing?

Revenue grew 19.2% a year on average over the last five fiscal years, from $392.2 million to $944.6 million.

What are Argan's earnings per share?

Argan earned $9.74 per diluted share in fiscal 2026, compared with $6.11 a year earlier.

When will Argan report its next earnings?

Argan is expected to report results for the quarter ending October 31, 2026 on December 3, 2026 after the market closes.

When does Argan's fiscal year end?

Argan's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 26, 2026.

Engineering & Construction income statements