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Argan Valuation Multiples

Discover revenue and EBITDA valuation multiples for Argan and similar public comparables like Ferrovial, Royal Heijmans, and Koninklijke Bam Groep.

Argan Overview

About Argan

Argan Inc is a United States-based construction firm that conducts operations through its wholly-owned subsidiaries, GPS, APC, TRC, and SMC. Through GPS and APC it provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector, for a wide range of customers, including independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with power requirements in the U.S., Ireland and the U.K. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derives the majority of revenue.


Founded

1961

HQ

United States of America
Employees

1.6K+

Website

arganinc.com

Financials

LTM Revenue $891M

LTM EBITDA $101M

EV

$1.5B

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Argan Financials

Argan has a last 12-month revenue of $891M and a last 12-month EBITDA of $101M.

In the most recent fiscal year, Argan achieved revenue of $874M and an EBITDA of $93.9M.

Argan expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Argan P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $455M $573M XXX XXX XXX
Gross Profit $86.4M $80.8M XXX XXX XXX
Gross Margin 19% 14% XXX XXX XXX
EBITDA $45.4M $38.9M XXX XXX XXX
EBITDA Margin 10% 7% XXX XXX XXX
Net Profit $33.1M $32.4M XXX XXX XXX
Net Margin 7% 6% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

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Argan Stock Performance

As of April 15, 2025, Argan's stock price is $148.

Argan has current market cap of $2.0B, and EV of $1.5B.

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Argan Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.5B $2.0B XXX XXX XXX XXX $6.07

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Argan Valuation Multiples

As of April 15, 2025, Argan has market cap of $2.0B and EV of $1.5B.

Argan's trades at 1.7x LTM EV/Revenue multiple, and 14.7x LTM EBITDA.

Analysts estimate Argan's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Argan Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $1.5B XXX XXX XXX
EV/Revenue 1.8x XXX XXX XXX
EV/EBITDA 16.7x XXX XXX XXX
P/E 24.8x XXX XXX XXX
P/E/Growth 2.1x XXX XXX XXX
EV/FCF 9.5x XXX XXX XXX

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Argan Valuation Multiples

Argan's NTM/LTM revenue growth is 11%

Argan's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $33K for the same period.

Over next 12 months, Argan's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Argan's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Argan Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 26% XXX XXX XXX XXX
EBITDA Margin 11% XXX XXX XXX XXX
EBITDA Growth -14% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 22% XXX XXX XXX XXX
Revenue per Employee $0.5M XXX XXX XXX XXX
Opex per Employee $33K XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 6% XXX XXX XXX XXX

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Argan Public Comps

See public comps and valuation multiples for Construction & Engineering comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
NMDC Energy XXX XXX XXX XXX XXX XXX
Arcadis XXX XXX XXX XXX XXX XXX
Koninklijke Bam Groep XXX XXX XXX XXX XXX XXX
Ferrovial XXX XXX XXX XXX XXX XXX
Royal Heijmans XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Argan M&A and Investment Activity

Argan acquired  XXX companies to date.

Last acquisition by Argan was  XXXXXXXX, XXXXX XXXXX XXXXXX . Argan acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Argan

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Argan

When was Argan founded? Argan was founded in 1961.
Where is Argan headquartered? Argan is headquartered in United States of America.
How many employees does Argan have? As of today, Argan has 1.6K+ employees.
Who is the CEO of Argan? Argan's CEO is Mr. David H. Watson.
Is Argan publicy listed? Yes, Argan is a public company listed on NYS.
What is the stock symbol of Argan? Argan trades under AGX ticker.
When did Argan go public? Argan went public in 1995.
Who are competitors of Argan? Similar companies to Argan include e.g. NMDC Energy, Arcadis, Koninklijke Bam Groep, Ferrovial.
What is the current market cap of Argan? Argan's current market cap is $2.0B
What is the current revenue of Argan? Argan's last 12-month revenue is $891M.
What is the current EBITDA of Argan? Argan's last 12-month EBITDA is $101M.
What is the current EV/Revenue multiple of Argan? Current revenue multiple of Argan is 1.7x.
What is the current EV/EBITDA multiple of Argan? Current EBITDA multiple of Argan is 14.7x.
What is the current revenue growth of Argan? Argan revenue growth between 2023 and 2024 was 26%.
Is Argan profitable? Yes, Argan is EBITDA-positive (as of the last 12 months).

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