Argan
Builds power plants and supports industrial and teledata infrastructure.
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Profile
Provides EPC, commissioning and maintenance for natural-gas, renewable and energy-storage projects, alongside industrial construction and teledata infrastructure services. Most revenue comes from long-duration Power contracts in the United States, Ireland and the United Kingdom, with many large projects priced on a fixed-price basis.
Provides engineering, procurement and construction services through three segments: Power, Industrial and Teledata. Most revenue comes from turnkey projects, where Gemma Power Systems and Atlantic Projects Company design, procure, build, commission and maintain natural-gas, renewable and energy-storage facilities across the United States, Ireland and the United Kingdom.
Supports industrial plants mainly in the southeastern United States through new construction, maintenance turnarounds, emergency field work, and pipe and pressure-vessel fabrication. Teledata builds and maintains power-distribution and communications networks for commercial, industrial and government customers, including a New England presence added through ValCor Communications.
Coordinates independently managed subsidiaries from a holding-company structure. Most large contracts are fixed-price, revenue is concentrated among a small group of Power customers, and project starts depend on owners' financing, permits and notices to proceed.
Company facts
Categories
Key statistics
Year to date +28.2% · Average volume (30d) 301.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 5, 2026 | Lake Street | Reiterate | Hold | $375 | $600 | |
| Mar 27, 2026 | Lake Street | Reiterate | Hold | $325 | $375 | |
| Mar 27, 2026 | Goldman Sachs | Reiterate | Buy | $518 | ||
| Mar 27, 2026 | JP Morgan | Upgrade | Neutral | Overweight | ||
| Dec 5, 2025 | Lake Street | Downgrade | Buy | Hold | $85 | $325 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 4, 2026Q1 FY27 | $2.31 | $3.24 | +40.3% | $256.0M | $291.0M | +13.6% | +0.77% |
| Mar 26, 2026Q4 FY26 | $1.99 | $3.47 | +74.4% | $255.3M | $262.1M | +2.6% | +37.91% |
| Dec 4, 2025Q3 FY26 | $2.05 | $2.17 | +5.9% | $263.8M | $251.2M | −4.8% | −11.98% |
| Sep 4, 2025Q2 FY26 | $1.99 | $2.50 | +25.6% | $243.0M | $237.7M | −2.2% | −11.07% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $232.5M | $193.7M | $237.7M | $251.2M | $262.1M | $291.0M | |
| Gross profit | $47.6M | $36.9M | $44.3M | $46.9M | $65.6M | $61.1M | |
| Operating income | $32.7M | $24.3M | $30.1M | $32.6M | $47.7M | $45.4M | |
| Net income | $31.4M | $22.6M | $35.3M | $30.7M | $49.2M | $46.1M | |
| Diluted EPS | $2.22 | $1.60 | $2.50 | $2.17 | $3.47 | $3.24 | |
| Gross margin | 20.5% | 19.0% | 18.6% | 18.7% | 25.0% | 21.0% | |
| Operating margin | 14.1% | 12.6% | 12.6% | 13.0% | 18.2% | 15.6% |
Fiscal years (4-quarter sums)FY22 $509.4M · FY23 $455.0M · FY24 $573.3M · FY25 $874.2M · FY26 $944.6M
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Apr 30, 2026Cash & short-term investments $973.6M · Total debt $0 · Total assets $1.29B · Shareholders' equity $473.5M
Dividends
Raised for 11 straight years — most recently to $0.50 from $0.375 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 23, 2026 | Jul 23 | Jul 31 | $0.50 | |
| Apr 22, 2026 | Apr 22 | Apr 30 | $0.50 | |
| Jan 22, 2026 | Jan 22 | Jan 30 | $0.50 | |
| Oct 23, 2025 | Oct 23 | Oct 31 | $0.50 | raised from $0.375 |
| Jul 23, 2025 | Jul 23 | Jul 31 | $0.375 | |
| Apr 22, 2025 | Apr 22 | Apr 30 | $0.375 | |
| Jan 23, 2025 | Jan 23 | Jan 31 | $0.375 | |
| Oct 23, 2024 | Oct 23 | Oct 31 | $0.375 | raised from $0.30 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 14.02M · Float 13.53M · 96.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.21M | 15.76% | 13F | Aug 7, 2026 |
| Wellington Investment Advisors Holdings LLP | 911.1K | 6.75% | 13G | Nov 8, 2024 |
| First Trust Portfolios L.P. | 821.3K | 5.89% | 13G | Apr 27, 2026 |
| Vanguard Portfolio Management | 792.8K | 5.65% | 13G | Jul 31, 2026 |
| First Trust Advisors LP | 754.4K | 5.38% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | John Ronald Jr. Jeffrey | director | −5,716 | $579.64 |
| Jun 22, 2026 | William F. Jr Griffin | director, other: GEMMA, NON-EXECUTIVE CHAIRMAN | −20,000 | $760.43 |
| Jun 18, 2026 | William F. Jr Griffin | director, other: GEMMA, NON-EXECUTIVE CHAIRMAN | −30,000 | $725.85 |
| Jun 17, 2026 | Joshua Scott Baugher | officer: Chief Financial Officer | −760 | $733.30 |
| Jun 17, 2026 | Peter W. Getsinger | director | −2,000 | $699.00 |
Peers
- Primoris Services
Closest public peer: active gas-fired EPC, utility solar, and battery storage.
- Quanta Services
Largest U.S. solar+storage EPC; expanding into gas-fired power generation.
- MasTec
$14B diversified contractor; competes on wind, solar, and storage EPC.
- Fluor
Global EPC firm re-entering gas-fired power after Energy Solutions reorg.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Argan | $418.98 | +0.29% | $5.86B | 36.7 | 34.9 | 5.6 | +50.2% |
| Primoris Services | $73.53 | +0.53% | $3.97B | 28.8 | 18.5 | 0.5 | −10.7% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| Fluor | $53.27 | −0.05% | $7.44B | — | 16.5 | 0.5 | +8.8% |
| Median | 38.4 | 20.1 | 0.9 | +16.1% |