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AGX · Factories & machines · U.S.

Argan

Builds power plants, mostly gas-fired, for power companies.

Company Health

93
/100
Very healthy
A quick check of the business from its yearly reports (2023–2026). It doesn’t say whether the stock is a good buy.
Does it make money?
19 of 25 · Good
$15 of every $100 in sales was left as profit last year.
Is it growing?
25 of 25 · Good
Sales grew about 28% a year over the last 3 years.
Can it handle what it owes?
24 of 25 · Good
It could pay off everything it owes with less than a year of the cash its business brings in.
Does it bring in spare cash?
25 of 25 · Good
After paying for buildings and equipment, $43 of every $100 in sales was left as spare cash.

Who owns it

2 of 23 own it · 1 bought more lately
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, D1 Capital, Light Street, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From Argan’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $392 million in the year to Jan 2021 to $945 million in the year to Jan 2026, and it made a profit every year.
FY2026
Sales
$945 million
Profit
$138 million

Spare cash each year

It had cash to spare in 5 of the 6 years, including $411 million in the year to Jan 2026.
FY2026
Spare cash
$411 million
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of Jan 2026 it owned $1.19 billion, including $339 million in cash, and owed $724 million.

Key facts

From its yearly report for the year to Jan 2026.
Sales
$945 million
Profit
$138 million
Spare cash
$411 million
Cash in the bank
$339 million
Everything it owes
$724 million
Year ends
January
Money shown in
U.S. dollars
Latest yearly report
10-K, filed Mar 26, 2026
Figures from Argan’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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