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Argan Valuation Multiples

Discover revenue and EBITDA valuation multiples for Argan and similar public comparables like Royal Heijmans, Ferrovial, 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 $901M

LTM EBITDA $101M

EV

$2.3B

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Argan Financials

Argan has a last 12-month revenue (LTM) of $901M 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

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $901M XXX $874M XXX XXX XXX
Gross Profit $137M XXX $141M XXX XXX XXX
Gross Margin 15% XXX 16% XXX XXX XXX
EBITDA $101M XXX $93.9M XXX XXX XXX
EBITDA Margin 11% XXX 11% XXX XXX XXX
EBIT $88.3M XXX $88.2M XXX XXX XXX
EBIT Margin 10% XXX 10% XXX XXX XXX
Net Profit $84.2M XXX $85.5M XXX XXX XXX
Net Margin 9% XXX 10% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

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Argan Stock Performance

As of May 30, 2025, Argan's stock price is $210.

Argan has current market cap of $2.9B, and EV of $2.3B.

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Argan Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$2.3B $2.9B XXX XXX XXX XXX $6.03

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Argan Valuation Multiples

As of May 30, 2025, Argan has market cap of $2.9B and EV of $2.3B.

Argan's trades at 2.8x EV/Revenue multiple, and 26.3x EV/EBITDA.

Equity research analysts estimate Argan's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Argan has a P/E ratio of 34.1x.

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Argan Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $2.9B XXX $2.9B XXX XXX XXX
EV (current) $2.3B XXX $2.3B XXX XXX XXX
EV/Revenue 2.6x XXX 2.8x XXX XXX XXX
EV/EBITDA 23.2x XXX 26.3x XXX XXX XXX
EV/EBIT 26.6x XXX 28.0x XXX XXX XXX
EV/Gross Profit 17.2x XXX n/a XXX XXX XXX
P/E 34.1x XXX 35.4x XXX XXX XXX
EV/FCF 17.2x XXX 14.9x XXX XXX XXX

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Argan Margins & Growth Rates

Argan's last 12 month revenue growth is 12%

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

Argan's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Argan's rule of X is 42% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Argan Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 12% XXX 15% XXX XXX XXX
EBITDA Margin 11% XXX 11% XXX XXX XXX
EBITDA Growth 8% XXX 19% XXX XXX XXX
Rule of 40 23% XXX 23% XXX XXX XXX
Bessemer Rule of X XXX XXX 42% XXX XXX XXX
Revenue per Employee XXX XXX $0.5M XXX XXX XXX
Opex per Employee XXX XXX $33K XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 6% 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 $2.9B
What is the current revenue of Argan? Argan's last 12 months revenue is $901M.
What is the current revenue growth of Argan? Argan revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of Argan? Current revenue multiple of Argan is 2.6x.
Is Argan profitable? Yes, Argan is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Argan? Argan's last 12 months EBITDA is $101M.
What is Argan's EBITDA margin? Argan's last 12 months EBITDA margin is 11%.
What is the current EV/EBITDA multiple of Argan? Current EBITDA multiple of Argan is 23.2x.
What is the current FCF of Argan? Argan's last 12 months FCF is $136M.
What is Argan's FCF margin? Argan's last 12 months FCF margin is 15%.
What is the current EV/FCF multiple of Argan? Current FCF multiple of Argan is 17.2x.

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