Argan, Inc.
Description
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market. The company operates through Power Services, Industrial Services, and Telecom Services segments. The Power Services segment offers engineering, procurement, and construction, as well as designing, building, and commissioning of large-scale energy projects to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 18 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and other commercial firms. The Industrial Services segment provides industrial construction and field services and vessel fabrication services for fertilizer, engineering and construction, forest products, and various other industrial companies in southeast region of the United States. The Telecom Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves electricity cooperative, state and local government agencies, counties and municipalities, and technology-oriented government contracting firms, as well as federal government facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.
About
CEO
Mr. David Hibbert Watson CPA
Employees
1,214
Instrument type
Common Stock
Sector
Industrials
Industry
Engineering & Construction
MIC code
XNYS
Address
One Church Street, Rockville, MD 20850, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 4, 2025 | — | — | — | — |
| Sep 4, 2025 | — | — | — | — |
| Jun 5, 2025 | — | — | — | — |
| Apr 10, 2025 | — | — | — | — |
| Dec 6, 2024 | 1.26 | 2.00 | 0.74 | 58.73% |
Earnings estimate
|
Current Quarter
(Jan 2025)
|
Next Quarter
(Apr 2025)
|
Current Year
(Jan 2025)
|
Next Year
(Jan 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 1 | 2 | 2 |
| Average estimate | 1.15 | 0.90 | 5.06 | 5.35 |
| Low estimate | 1.09 | 0.90 | 5.00 | 5.20 |
| High estimate | 1.20 | 0.90 | 5.11 | 5.50 |
| Last year EPS | 0.89 | 0.58 | 2.39 | 5.06 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Jan 2025)
28.650%
Next qtr. (Apr 2025)
55.170%
Current year (Jan 2025)
111.510%
Next year (Jan 2026)
5.840%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total reported revenue | 573.33M | 455.04M | 509.37M | 392.21M | 239.00M |
| Cost of revenue | 492.50M | 368.68M | 409.64M | 330.14M | 245.82M |
| Gross profit | 80.83M | 86.36M | 99.73M | 62.07M | -6.82M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 44.38M | 44.69M | 47.32M | 39.04M | 44.13M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 36.46M | 41.67M | 52.41M | 23.03M | -50.95M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | 12.48M | 4.33M | -5.35M | 1.86M | 3.18M |
| Pretax income | 48.93M | 46.00M | 47.06M | 24.89M | -47.77M |
| Tax provision | 16.58M | 11.30M | 11.36M | 1.07M | -7.05M |
| Net income | 32.36M | 34.70M | 35.71M | 23.81M | -40.71M |
| Basic EPS | 2.42 | 2.35 | 2.43 | 1.52 | -2.73 |
| Diluted EPS | 2.39 | 2.33 | 2.40 | 1.51 | -2.73 |
| Basic average shares | 13.37M | 14.08M | 15.72M | 15.67M | 15.62M |
| Diluted average shares | 13.37M | 14.08M | 15.72M | 15.67M | 15.62M |
| EBITDA | 38.86M | 45.38M | 64.55M | 27.65M | -41.40M |
| Net income from continuing op. | 32.36M | 34.70M | 35.71M | 23.81M | -40.71M |
| Minority interests | — | -1.61M | 2.54M | 40,000 | -1.98M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total assets | 598.23M | 489.49M | 553.59M | 602.63M | 487.54M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 197.03M | 173.95M | 350.47M | 366.67M | 167.36M |
| Other short term investments | 215.37M | 151.51M | 90.03M | 90.06M | 160.50M |
| Accounts receivable | 47.33M | 50.13M | 26.98M | 28.71M | 37.19M |
| Other receivables | 48.19M | 24.78M | 4.90M | 26.64M | 33.38M |
| Inventory | 9.99M | 11.90M | 738,000 | — | — |
| Prepaid assets | 6.04M | 4.54M | 32.41M | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 4.97M | 6.56M | 1.76M | 34.15M | 23.32M |
| Non current assets | |||||
| Properties | — | 6.02M | 4.03M | 3.76M | 2.41M |
| Land and improvements | 863,000 | 863,000 | 863,000 | 863,000 | 863,000 |
| Machinery furniture equipment | 23.84M | 23.26M | 24.82M | 24.45M | 24.11M |
| Construction in progress | — | — | — | 7.55M | 6.85M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -21.59M | -21.25M | -20.99M | -18.36M | -14.99M |
| Goodwill | 58.28M | 58.68M | 59.39M | 59.98M | 60.89M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 2.22M | 2.61M | 3.32M | 4.10M | 5.00M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 2.26M | 3.69M | 457,000 | 249,000 | 7.89M |
| Total liabilities | 307.29M | 208.59M | 227.99M | 280.22M | 146.51M |
| Current liabilities | |||||
| Accounts payable | 39.49M | 56.38M | 41.82M | 53.30M | 35.44M |
| Accrued expenses | 57.79M | 30.01M | 33.33M | 50.75M | 35.91M |
| Short term debt | 2.73M | 1.57M | 1.37M | — | — |
| Deferred revenue | 181.05M | 96.26M | 127.89M | 172.04M | 72.69M |
| Tax payable | — | — | — | — | — |
| Pensions | 21.21M | 18.29M | 18.62M | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 5.03M | 6.09M | 4.96M | 4.14M | 2.48M |
| Shareholders equity | |||||
| Common stock | 2.37M | 2.37M | 2.37M | 2.36M | 2.35M |
| Retained earnings | 225.51M | 207.83M | 188.69M | 166.11M | 189.31M |
| Other shareholders equity | -3.60M | -2.88M | -2.45M | -1.08M | -1.12M |
| Total shareholders equity | 290.94M | 280.90M | 325.60M | 322.41M | 341.03M |
| Additional paid in capital | 164.18M | 162.21M | 158.19M | 153.32M | 148.71M |
| Treasury stock | 97.53M | 88.64M | 20.41M | 33,000 | — |
| Minority interest | — | — | -797,000 | 1.74M | 1.78M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1994 | 1993 | 1992 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | 32.36M | 34.70M | 35.71M | 23.81M | -40.71M | 51.87M | 72.35M | 77.43M | 50.20M | 43.46M | 43.34M | 21.82M | 7.41M | 10.01M | 8.30M | 10.02M | -3.21M | -113,000 | -9.51M | -2.58M | -597,000 | 318,000 | -518,888 | -22,126 | -848,377 | 729,249 | 491,961 | 662,985 | 898,119 | -600,000 | -2.70M | 900,000 |
| Depreciation | 2.41M | 3.72M | 4.24M | 4.62M | 4.65M | 4.43M | 3.81M | 3.21M | 1.31M | 794,000 | 792,000 | 765,000 | 789,000 | 992,000 | 967,000 | 2.40M | 7.46M | 3.69M | 2.68M | 1.38M | 309,000 | 182,943 | 490,392 | 273,655 | 341,173 | 332,294 | 297,204 | 318,052 | 340,103 | -400,000 | -300,000 | -200,000 |
| Deferred Taxes | 1.33M | -3.23M | -208,000 | 7.65M | -6.64M | -2.14M | -64,000 | 1.24M | 3.42M | 896,000 | 1.70M | -259,000 | -51,000 | 410,000 | 308,000 | -2.17M | -2.71M | -1.03M | -997,000 | -1.11M | -320,000 | — | -8,527 | -2,366 | — | — | — | — | — | — | 100,000 | — |
| Stock-Based Compensation | 4.46M | 3.96M | 3.46M | 2.94M | 2.13M | 1.65M | 4.65M | 2.34M | 2.37M | 2.02M | 1.54M | 1.32M | 637,000 | 1.50M | 1.04M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -1.80M | 826,000 | 3.35M | 2.45M | 1.87M | -301,000 | -1.25M | 517,000 | -242,000 | — | — | — | — | — | -877,000 | 1.20M | 7.99M | 237,000 | 1.93M | — | — | — | — | — | — | -152,321 | — | -109,332 | 320,262 | 900,000 | 600,000 | 500,000 |
| Accounts Receivable | -20.65M | -43.12M | 21.26M | 15.21M | 23.94M | -54.71M | -12.33M | 817,000 | -12.19M | -3.88M | 2.02M | -7.22M | -4.31M | -10.36M | 8.72M | -5.10M | 4.66M | -20.93M | -797,000 | -70,000 | -446,000 | -71,625 | 560,921 | -145,262 | 70,470 | -48,796 | -140,097 | 106,325 | -386,550 | 100,000 | 700,000 | -300,000 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 700,000 | 700,000 | — |
| Other Assets & Liabilities | 83.79M | -34.98M | -44.40M | 87.89M | 66.69M | -54.42M | -134.38M | 112.00M | -62.96M | 26.90M | 61.38M | 5.39M | 59.33M | 23.23M | -6.04M | -22.44M | -313,000 | -9.13M | 392,000 | -36,000 | 693,000 | 314,958 | -142,963 | -274,729 | -557,254 | -13,341 | -472,304 | -194,244 | 73,073 | -800,000 | -1.50M | -700,000 |
| Operating Cash Flow | 101.90M | -38.12M | 23.41M | 144.56M | 51.93M | -53.63M | -67.21M | 197.54M | -18.09M | 70.18M | 110.77M | 21.81M | 63.80M | 25.78M | 12.41M | -16.10M | 13.89M | -27.27M | -6.30M | -2.42M | -361,000 | 744,276 | 380,935 | -170,828 | -993,988 | 847,085 | 176,764 | 783,786 | 1.25M | -100,000 | -2.40M | 200,000 |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -2.76M | -3.37M | -1.42M | -1.70M | -7.06M | -8.60M | -4.83M | -2.81M | -3.12M | -2.94M | -1.14M | -7.26M | -1.74M | -483,000 | -190,000 | -311,000 | -828,000 | -920,000 | -1.40M | -242,000 | -424,000 | -160,864 | -144,953 | -68,397 | -252,982 | -264,572 | -461,207 | — | 195,364 | -300,000 | -800,000 | -600,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -5.11M | — | -5.62M | -1.33M | — | — | — | — | -17.38M | — | — | — | 2.53M | — | 5.98M | -2.00M | — | 24.90M | -426,000 | -6.65M | — | — | — | — | — | -515,308 | — | — | — | — | — | — |
| Purchase of Investments | -219.49M | -249.75M | -90.00M | -100.00M | -195.00M | -191.00M | -542.50M | -595.00M | -252.00M | — | — | — | — | — | — | -1.60M | -20.00M | — | — | -9.00M | -33.75M | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 159.75M | 190.00M | 90.00M | 170.00M | 166.00M | 370.00M | 587.50M | 354.00M | 138.00M | — | — | — | — | — | — | — | 22.27M | — | — | 12.00M | 27.00M | — | — | — | — | — | 40,889 | 63,218 | 23,906 | — | — | — |
| Investing Cash Flow | -67.61M | -63.12M | -7.04M | 66.97M | -36.06M | 170.63M | 38.67M | -243.81M | -130.54M | -3.55M | 5.33M | -7.26M | 3.32M | -483,000 | 5.79M | -5.91M | 1.44M | 21.98M | -1.83M | -3.89M | -4.06M | -321,864 | -144,953 | -68,397 | -252,982 | -779,880 | -420,318 | -189,971 | 219,270 | -200,000 | -200,000 | -600,000 |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | 8.92M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 286,000 | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | -614,000 | -2.45M | — | — | -1.83M | -2.30M | -2.58M | — | — | — | — | — | — | — | — | — | -49,400 | -39,053 | -1.43M | -1.10M | — | — | — |
| Other Financing Charges | — | -677,000 | — | — | — | -72,000 | -1.23M | -9.50M | -88,000 | -23.52M | 177,000 | 730,000 | — | — | — | — | — | — | 304,000 | -507,000 | -215,000 | — | — | — | — | — | — | — | 3,868 | 200,000 | 2.00M | 100,000 |
| Financing Cash Flow | -27.15M | -82.87M | -36.04M | -47.05M | -15.62M | -15.64M | -16.78M | -24.76M | -10.47M | -34.30M | -4.00M | -4.95M | -6.27M | -1.72M | -2.30M | 22.40M | 77,000 | 12.54M | 304,000 | 505,000 | -191,000 | — | — | — | 16,328 | 378,781 | -39,053 | 15,568 | -1.61M | 200,000 | 2.00M | 100,000 |
| Other Cash Details | ||||||||||||||||||||||||||||||||
| End Cash Position | 197.03M | 173.95M | 350.47M | 366.67M | 167.36M | 164.32M | 122.11M | 167.20M | 160.91M | 333.69M | 272.21M | 175.14M | 156.52M | 83.29M | 66.15M | 74.67M | 66.83M | 25.39M | 5,000 | 167,000 | 5.21M | — | 123,330 | 8,250 | 56,829 | 828,809 | 361,523 | 164,415 | — | — | — | — |
| Income Tax Paid | 14.30M | 6.67M | 13.90M | — | — | 3.90M | 44.31M | 36.86M | 25.68M | 18.66M | 24.72M | 9.98M | 5.10M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | 659,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 114.10M | -33.43M | 26.99M | 174.32M | 46.51M | -120.92M | -77.62M | 256.23M | -36.15M | 90.39M | 97.27M | 23.57M | 76.98M | 18.85M | -13.00M | -11.84M | 41.63M | -14.23M | 842,000 | -2.46M | -702,000 | 378,000 | 264,767 | -30,077 | -1.24M | 603,813 | 195,272 | 338,818 | 1.18M | -400,000 | -2.90M | -400,000 |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Global X Fds-Global X U.S. Infrastructure Development ETF | Nov 30, 2024 | 496,538 | 71.00M | 3.66% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 428,986 | 61.34M | 3.16% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 374,587 | 53.56M | 2.76% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 357,682 | 51.14M | 2.63% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 195,535 | 27.96M | 1.44% |
| iShares U.S. Infrastructure ETF | Nov 30, 2024 | 180,252 | 25.77M | 1.33% |
| Invesco ETF Tr-Invesco Building & Construction ETF | Nov 30, 2024 | 166,167 | 23.76M | 1.22% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 126,728 | 18.12M | 0.93% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 122,840 | 17.56M | 0.90% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 120,680 | 17.26M | 0.89% |
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