Argan Inc (AGX) — Cash Flow Quality Index

Latest as of January 2026: 3.50x

Argan Inc (AGX) has a Cash Flow Quality Index of 3.50x as of January 2026. Operating cash flow of $172.33 Million exceeds net income of $49.21 Million, indicating high earnings quality where cash backs reported profits. Also explore AGX current and non-current assets for the complete picture of this company's asset base.

Cash Flow Quality Index

3.50x
Operating CF / Net Income

Operating Cash Flow

$172.33 Million
USD

Net Income

$49.21 Million
USD

Data as of

Jan 2026
Most recent filing

Argan Inc Cash Flow Quality Index (1992–2026)

Historical Cash Flow Quality Index for Argan Inc across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Argan Inc tangible equity quality to evaluate the tangible quality of the company's equity base.

Annual Cash Flow Quality Index for Argan Inc (1992–2026)

Year-by-year earnings quality comparison for Argan Inc. For live market cap and the full company financial profile, see Argan Inc (AGX) total market value.

Year Quality Index Operating CF (USD) Net Income YoY Change
2026 3.01x $414.72 Million $137.77 Million ▲ +53.5%
2025 1.96x $167.58 Million $85.46 Million ▼ -45.7%
2024 3.61x $116.86 Million $32.36 Million ▲ +516.9%
2023 -0.87x $-30.06 Million $34.70 Million ▼ -208.8%
2022 0.80x $28.41 Million $35.71 Million ▼ -89.2%
2021 7.34x $174.68 Million $23.81 Million ▲ +438.8%
2019 -2.17x $-112.32 Million $51.87 Million ▼ -115.2%
2018 -1.01x $-72.79 Million $72.35 Million ▼ -130.1%
2017 3.35x $259.04 Million $77.43 Million ▲ +599.9%
2016 -0.67x $-33.60 Million $50.20 Million ▼ -131.2%
2015 2.15x $93.33 Million $43.45 Million ▼ -6.0%
2014 2.28x $98.98 Million $43.34 Million ▲ +59.9%
2013 1.43x $31.56 Million $22.10 Million ▼ -86.6%
2012 10.63x $78.72 Million $7.41 Million ▲ +449.9%
2011 1.93x $19.34 Million $10.01 Million ▲ +205.0%
2010 -1.84x $-12.95 Million $7.04 Million ▼ -60.8%
2009 -1.14x $-11.47 Million $10.02 Million ▼ -170.0%
2003 1.64x $519.67K $317.62K ▲ +37.4%
1999 1.19x $868.38K $729.25K ▼ -10.8%
1998 1.33x $656.48K $491.96K ▲ +161.1%
1997 0.51x $338.82K $662.99K ▼ -65.0%
1996 1.46x $1.31 Million $898.12K ▲ +557.6%
1992 0.22x $200.00K $900.00K
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.