Feed / AGX

Argan, Inc.

AGX

Industrials · 414.46 +4.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Argan, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

What changed
  • Revenue increased 50.2% versus the comparable filing period.
Company+4.4% todayVolume comparison unavailable
Market group0 of 25 activeEngineering & Construction · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • U.S. electricity demand has reached its highest level in two decades, driven by data center build-out for AI, electric vehicle adoption, and reshoring of manufacturing.

Invalidation: The isolated read changes if AGX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Engineering & Construction

The latest filing evidence is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 50.2% versus the comparable filing period.
  • Operating margin improved 3.0 percentage points.
  • Net income increased 104.3% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • U.S. electricity demand has reached its highest level in two decades, driven by data center build-out for AI, electric vehicle adoption, and reshoring of manufacturing.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements43
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +8.1% year over year.
  • Operating margin changed +4.2 percentage points in the latest annual period.
  • Net margin changed +4.8 percentage points in the latest annual period.
  • Operating cash flow covered net income at 3.01x in the latest annual period.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 32% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 290% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

414.46
6m-9.8%12m+83.5%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-01-31$509.4M+29.9%$2.40+0.6%
2023-01-31$455.0M-10.7%$2.33-10.9%
2024-01-31$573.3M+26.0%$2.39-4.4%
2025-01-31$874.2M+52.5%$6.15+2.6%
2026-01-31$944.6M+8.1%$9.74+1.7%

What management says matters

Persistent and emerging business drivers

Energy and commodity pricesmixed · 5 filings
Natural gas-fired power plants are expected to remain a key component of future capacity additions due to their cost-effectiveness, reliability, and ability to support intermittent energy sources.
10-Q · Sep 2, 2026
Supply chain and availabilitymixed · 5 filings
Natural gas-fired power plants are expected to remain a key component of future capacity additions due to their cost-effectiveness, reliability, and ability to support intermittent energy sources.
10-Q · Sep 2, 2026
Data center and AI demandpositive · 1 filings
Demand for industrial construction services in this region continues to be driven by increased manufacturing investment, infrastructure upgrades, data center development, biotechnology and life sciences projects, energy storage deployment, and clean water and…
10-K · Mar 26, 2026
Demand and volumepositive · 1 filings
Demand for industrial construction services in this region continues to be driven by increased manufacturing investment, infrastructure upgrades, data center development, biotechnology and life sciences projects, energy storage deployment, and clean water and…
10-K · Mar 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.2× · EV/sales 5.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

414.46+4.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for AGX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Earlier comparable assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-06-04 against the comparable filing from 2025-06-04.

A newer Struct brief is shown above. This older assessment remains here for comparison, not as the current read.

constructive
OperationsconstructiveEvidence score +4
liquidityconstructiveEvidence score +1
valuationpremium

What improved

  • Revenue increased 50.2% versus the comparable filing period.
  • Operating margin improved 3.0 percentage points.
  • Net income increased 104.3% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

During the three months ended April 30, 2026, our net liquidity increased by $0.4 million to $421.4 million from $421.0 million as of January 31, 2026, due primarily to our net income, partially offset by the payment of cash dividends, common stock repurchases, and settlements of share-based awards, net of withholding taxes paid.

The gross profit percentage increased between periods primarily due to the changing mix of projects and contract types, as well as strong execution on the final Midwest Solar and Battery Project, which enabled us to reach substantial completion ahead of schedule.

The Company’s ETR for the three months ended April 30, 2025 differed from the U.S. federal statutory rate primarily due to the unfavorable effects of state income taxes.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind AGX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

AGX is currently a Follower in the organic co-movement group Engineering & Construction. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.