Argan Inc
Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom. Its Power Industry Services segment offers engineering, procurement, and construction, as well as designing, building, and commiss… Read more
Argan Inc (AGX) - Net Assets
Latest net assets as of October 2025: $419.71 Million USD
Based on the latest financial reports, Argan Inc (AGX) has net assets worth $419.71 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.05 Billion) and total liabilities ($631.16 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $419.71 Million |
| % of Total Assets | 39.94% |
| Annual Growth Rate | 17.5% |
| 5-Year Change | 9.13% |
| 10-Year Change | 58.6% |
| Growth Volatility | 70.82 |
Argan Inc - Net Assets Trend (1988–2025)
This chart illustrates how Argan Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Argan Inc (1988–2025)
The table below shows the annual net assets of Argan Inc from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $351.86 Million | +20.94% |
| 2024-01-31 | $290.94 Million | +3.57% |
| 2023-01-31 | $280.90 Million | -13.73% |
| 2022-01-31 | $325.60 Million | +0.99% |
| 2021-01-31 | $322.41 Million | -5.46% |
| 2020-01-31 | $341.03 Million | -13.53% |
| 2019-01-31 | $394.37 Million | +10.12% |
| 2018-01-31 | $358.13 Million | +22.41% |
| 2017-01-31 | $292.57 Million | +31.87% |
| 2016-01-31 | $221.85 Million | +26.81% |
| 2015-01-31 | $174.95 Million | +10.89% |
| 2014-01-31 | $157.78 Million | +32.40% |
| 2013-01-31 | $119.17 Million | +18.03% |
| 2012-01-31 | $100.96 Million | +3.40% |
| 2011-01-31 | $97.64 Million | +10.50% |
| 2010-01-31 | $88.37 Million | +11.71% |
| 2009-01-31 | $79.11 Million | +88.95% |
| 2008-01-31 | $41.87 Million | -5.94% |
| 2007-01-31 | $44.51 Million | +280.89% |
| 2006-01-31 | $11.69 Million | -24.61% |
| 2005-01-31 | $15.50 Million | +20.44% |
| 2004-01-31 | $12.87 Million | +238.95% |
| 2003-01-31 | $3.80 Million | +9.13% |
| 2002-01-31 | $3.48 Million | -12.98% |
| 2001-01-31 | $4.00 Million | -0.55% |
| 2000-01-31 | $4.02 Million | -17.14% |
| 1999-01-31 | $4.85 Million | +21.88% |
| 1998-01-31 | $3.98 Million | +14.10% |
| 1997-01-31 | $3.49 Million | +222.11% |
| 1996-01-31 | $1.08 Million | -52.91% |
| 1994-01-31 | $2.30 Million | +27.78% |
| 1993-01-31 | $1.80 Million | -51.35% |
| 1992-01-31 | $3.70 Million | +37.04% |
| 1991-01-31 | $2.70 Million | +50.00% |
| 1990-01-31 | $1.80 Million | +50.00% |
| 1989-01-31 | $1.20 Million | +33.33% |
| 1988-01-31 | $900.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Argan Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 29319800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $292.70 Million | 83.19% |
| Common Stock | $2.37 Million | 0.67% |
| Other Comprehensive Income | $-6.54 Million | -1.86% |
| Other Components | $63.32 Million | 18.00% |
| Total Equity | $351.86 Million | 100.00% |
Argan Inc Competitors by Market Cap
The table below lists competitors of Argan Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compeq Manufacturing Co Ltd
TW:2313
|
$6.31 Billion |
|
Viavi Solutions Inc
NASDAQ:VIAV
|
$6.32 Billion |
|
Phoenix Group Holdings PLC
PINK:PNXGF
|
$6.33 Billion |
|
Ningbo Deye Technology Co Ltd
SHG:605117
|
$6.33 Billion |
|
Merus BV
NASDAQ:MRUS
|
$6.30 Billion |
|
BYD CO.LTD SDR/0,10 O.N.
F:4BY1
|
$6.30 Billion |
|
Aker BP ASA
PINK:AKRBF
|
$6.29 Billion |
|
ViaSat Inc
NASDAQ:VSAT
|
$6.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argan Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 290,939,000 to 351,857,000, a change of 60,918,000 (20.9%).
- Net income of 85,459,000 contributed positively to equity growth.
- Dividend payments of 18,268,000 reduced retained earnings.
- Share repurchases of 1,524,000 reduced equity.
- Other comprehensive income decreased equity by 2,941,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $85.46 Million | +24.29% |
| Dividends Paid | $18.27 Million | -5.19% |
| Share Repurchases | $1.52 Million | -0.43% |
| Other Comprehensive Income | $-2.94 Million | -0.84% |
| Other Changes | $-1.81 Million | -0.51% |
| Total Change | $- | 20.94% |
Book Value vs Market Value Analysis
This analysis compares Argan Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 18.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 160.71x to 18.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-01-31 | $2.95 | $473.63 | x |
| 1989-01-31 | $3.93 | $473.63 | x |
| 1990-01-31 | $5.89 | $473.63 | x |
| 1991-01-31 | $8.84 | $473.63 | x |
| 1992-01-31 | $12.12 | $473.63 | x |
| 1993-01-31 | $5.89 | $473.63 | x |
| 1994-01-31 | $7.53 | $473.63 | x |
| 1996-01-31 | $3.44 | $473.63 | x |
| 1997-01-31 | $8.56 | $473.63 | x |
| 1998-01-31 | $8.23 | $473.63 | x |
| 1999-01-31 | $9.57 | $473.63 | x |
| 2000-01-31 | $7.42 | $473.63 | x |
| 2001-01-31 | $7.96 | $473.63 | x |
| 2002-01-31 | $7.04 | $473.63 | x |
| 2003-01-31 | $7.68 | $473.63 | x |
| 2004-01-31 | $8.70 | $473.63 | x |
| 2005-01-31 | $7.65 | $473.63 | x |
| 2006-01-31 | $3.40 | $473.63 | x |
| 2007-01-31 | $8.34 | $473.63 | x |
| 2008-01-31 | $3.77 | $473.63 | x |
| 2009-01-31 | $6.19 | $473.63 | x |
| 2010-01-31 | $6.42 | $473.63 | x |
| 2011-01-31 | $7.12 | $473.63 | x |
| 2012-01-31 | $7.34 | $473.63 | x |
| 2013-01-31 | $8.57 | $473.63 | x |
| 2014-01-31 | $10.83 | $473.63 | x |
| 2015-01-31 | $12.51 | $473.63 | x |
| 2016-01-31 | $14.54 | $473.63 | x |
| 2017-01-31 | $18.66 | $473.63 | x |
| 2018-01-31 | $22.69 | $473.63 | x |
| 2019-01-31 | $25.14 | $473.63 | x |
| 2020-01-31 | $21.72 | $473.63 | x |
| 2021-01-31 | $20.26 | $473.63 | x |
| 2022-01-31 | $20.51 | $473.63 | x |
| 2023-01-31 | $19.81 | $473.63 | x |
| 2024-01-31 | $21.47 | $473.63 | x |
| 2025-01-31 | $25.30 | $473.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argan Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.78%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.38x
- Recent ROE (24.29%) is above the historical average (5.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 33.33% | 4.69% | 1.36x | 5.22x | $210.00K |
| 1989 | 25.00% | 4.41% | 1.62x | 3.50x | $180.00K |
| 1990 | 33.33% | 7.59% | 1.65x | 2.67x | $420.00K |
| 1991 | 33.33% | 8.33% | 1.50x | 2.67x | $630.00K |
| 1992 | 24.32% | 7.38% | 1.45x | 2.27x | $530.00K |
| 1993 | -150.00% | -33.75% | 1.01x | 4.39x | $-2.88 Million |
| 1994 | -26.09% | -6.12% | 1.34x | 3.17x | $-830.00K |
| 1996 | 82.91% | 10.19% | 2.23x | 3.66x | $789.80K |
| 1997 | 19.00% | 7.84% | 2.07x | 1.17x | $314.08K |
| 1998 | 12.36% | 5.72% | 1.70x | 1.27x | $93.86K |
| 1999 | 15.03% | 9.09% | 1.24x | 1.34x | $244.00K |
| 2000 | -21.10% | -11.41% | 1.36x | 1.36x | $-1.25 Million |
| 2001 | -0.55% | -0.29% | 1.36x | 1.40x | $-421.95K |
| 2002 | -14.91% | -7.17% | 1.46x | 1.42x | $-866.83K |
| 2003 | 8.37% | 4.65% | 1.47x | 1.22x | $-62.08K |
| 2004 | -4.64% | -8.81% | 0.40x | 1.30x | $-1.88 Million |
| 2005 | -15.69% | -17.76% | 0.57x | 1.54x | $-4.22 Million |
| 2006 | -81.36% | -33.42% | 1.20x | 2.02x | $-10.68 Million |
| 2007 | -0.25% | -0.16% | 0.57x | 2.72x | $-4.56 Million |
| 2008 | -7.66% | -1.55% | 1.42x | 3.48x | $-7.39 Million |
| 2009 | 12.67% | 4.54% | 1.63x | 1.71x | $2.11 Million |
| 2010 | 7.97% | 3.03% | 1.93x | 1.36x | $-1.80 Million |
| 2011 | 7.96% | 4.26% | 1.40x | 1.34x | $-1.99 Million |
| 2012 | 9.16% | 6.54% | 0.69x | 2.03x | $-854.40K |
| 2013 | 19.24% | 8.35% | 1.19x | 1.94x | $11.17 Million |
| 2014 | 25.67% | 17.64% | 0.70x | 2.07x | $24.49 Million |
| 2015 | 16.41% | 7.95% | 0.98x | 2.11x | $11.90 Million |
| 2016 | 16.63% | 8.79% | 1.01x | 1.88x | $14.49 Million |
| 2017 | 24.12% | 10.42% | 1.05x | 2.21x | $41.16 Million |
| 2018 | 20.11% | 8.07% | 1.65x | 1.52x | $36.20 Million |
| 2019 | 13.19% | 10.79% | 1.01x | 1.21x | $12.58 Million |
| 2020 | -12.66% | -17.96% | 0.49x | 1.44x | $-76.86 Million |
| 2021 | 7.44% | 6.08% | 0.65x | 1.88x | $-8.22 Million |
| 2022 | 11.72% | 7.51% | 0.92x | 1.70x | $5.60 Million |
| 2023 | 11.78% | 7.27% | 0.93x | 1.74x | $5.01 Million |
| 2024 | 11.12% | 5.64% | 0.96x | 2.06x | $3.26 Million |
| 2025 | 24.29% | 9.78% | 1.05x | 2.38x | $50.27 Million |
Industry Comparison
This section compares Argan Inc's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,829,082,000
- Average return on equity (ROE) among peers: 16.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argan Inc (AGX) | $419.71 Million | 33.33% | 1.50x | $6.30 Billion |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.06 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.42 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| AF Gruppen ASA (AGRUF) | $1.95 Billion | 35.44% | 2.36x | $547.02 Million |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |