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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.
1961
1.6K+
LTM Revenue $942M
LTM EBITDA $128M
$4.3B
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As of November 2025, Argan reported last 12-month revenue of $942M and EBITDA of $128M.
In the same period, Argan generated $169M in LTM gross profit and $113M in net income.
See Argan valuation multiples based on analyst estimatesIn the most recent fiscal year, Argan reported revenue of $874M and EBITDA of $93.9M.
Argan expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Argan valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $942M | XXX | $874M | XXX | XXX | XXX |
| Gross Profit | $169M | XXX | $141M | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $128M | XXX | $93.9M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 11% | XXX | XXX | XXX |
| EBIT | $113M | XXX | $88.2M | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $113M | XXX | $85.5M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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Argan has current market cap of $4.8B, and EV of $4.3B.
As of December 5, 2025, Argan's stock price is $351.
See Argan trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.3B | $4.8B | XXX | XXX | XXX | XXX | $8.01 |
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Start Free TrialArgan's trades at 5.0x EV/Revenue multiple, and 47.9x EV/EBITDA.
See valuation multiples for Argan and 15K+ public compsAs of December 5, 2025, Argan has market cap of $4.8B and EV of $4.3B.
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 42.9x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.8B | XXX | $4.8B | XXX | XXX | XXX |
| EV (current) | $4.3B | XXX | $4.3B | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 33.5x | XXX | 47.9x | XXX | XXX | XXX |
| EV/EBIT | 38.0x | XXX | 51.0x | XXX | XXX | XXX |
| EV/Gross Profit | 25.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 42.9x | XXX | 59.8x | XXX | XXX | XXX |
| EV/FCF | 33.6x | XXX | 27.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialArgan's last 12 month revenue growth is 23%
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 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Argan's rule of X is 71% (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).
See operational valuation multiples for Argan and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | 34% | XXX | XXX | XXX |
| Rule of 40 | 34% | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 71% | 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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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| 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 acquired XXX companies to date.
Last acquisition by Argan was XXXXXXXX, XXXXX XXXXX XXXXXX . Argan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| 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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Start Free Trial| 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 $4.8B |
| What is the current revenue of Argan? | Argan's last 12 months revenue is $942M. |
| What is the current revenue growth of Argan? | Argan revenue growth (NTM/LTM) is 23%. |
| What is the current EV/Revenue multiple of Argan? | Current revenue multiple of Argan is 4.5x. |
| 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 $128M. |
| What is Argan's EBITDA margin? | Argan's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Argan? | Current EBITDA multiple of Argan is 33.5x. |
| What is the current FCF of Argan? | Argan's last 12 months FCF is $127M. |
| What is Argan's FCF margin? | Argan's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Argan? | Current FCF multiple of Argan is 33.6x. |
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