Argan Inc (AGX) - Net Assets
Based on the latest financial reports, Argan Inc (AGX) has net assets worth $462.26 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.19 Billion) and total liabilities ($724.09 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. Explore cash efficiency ratio of Argan Inc to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $462.26 Million |
| % of Total Assets | 38.96% |
| Annual Growth Rate | 17.85% |
| 5-Year Change | 41.97% |
| 10-Year Change | 58.0% |
| Growth Volatility | 69.85 |
Argan Inc - Net Assets Trend (1988–2026)
This chart illustrates how Argan Inc's net assets have evolved over time, based on quarterly financial data. Also explore Argan Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Argan Inc (1988–2026)
The table below shows the annual net assets of Argan Inc from 1988 to 2026. For live valuation and market cap data, see market cap of Argan Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $462.26 Million | +31.38% |
| 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 40669700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $406.20 Million | 87.87% |
| Common Stock | $2.37 Million | 0.51% |
| Other Comprehensive Income | $818.00K | 0.18% |
| Other Components | $52.87 Million | 11.44% |
| Total Equity | $462.26 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 |
|---|---|
|
SouthState Corporation
NYSE:SSB
|
$9.41 Billion |
|
Yunnan Tin Co Ltd
SHE:000960
|
$9.41 Billion |
|
WISETECH GLOBAL USP.ADRS
F:17W0
|
$9.42 Billion |
|
SKANSKA AB (SPONS.ADR)/1
F:SKN
|
$9.43 Billion |
|
ISUZU MOTORS LTD ADR
F:ISUA
|
$9.40 Billion |
|
Old National Bancorp
NASDAQ:ONB
|
$9.39 Billion |
|
Spic Yuanda Environmental Protection Co Ltd
SHG:600292
|
$9.39 Billion |
|
Xero Ltd
AU:XRO
|
$9.39 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 2025 to 2026, total equity changed from 351,857,000 to 462,262,000, a change of 110,405,000 (31.4%).
- Net income of 137,774,000 contributed positively to equity growth.
- Dividend payments of 24,275,000 reduced retained earnings.
- Share repurchases of 9,877,000 reduced equity.
- Other comprehensive income increased equity by 7,356,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $137.77 Million | +29.8% |
| Dividends Paid | $24.27 Million | -5.25% |
| Share Repurchases | $9.88 Million | -2.14% |
| Other Comprehensive Income | $7.36 Million | +1.59% |
| Other Changes | $-573.00K | -0.12% |
| Total Change | $- | 31.38% |
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: 20.66x
- 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 228.53x to 20.66x 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 | $673.51 | x |
| 1989-01-31 | $3.93 | $673.51 | x |
| 1990-01-31 | $5.89 | $673.51 | x |
| 1991-01-31 | $8.84 | $673.51 | x |
| 1992-01-31 | $12.12 | $673.51 | x |
| 1993-01-31 | $5.89 | $673.51 | x |
| 1994-01-31 | $7.53 | $673.51 | x |
| 1996-01-31 | $3.44 | $673.51 | x |
| 1997-01-31 | $8.56 | $673.51 | x |
| 1998-01-31 | $8.23 | $673.51 | x |
| 1999-01-31 | $9.57 | $673.51 | x |
| 2000-01-31 | $7.42 | $673.51 | x |
| 2001-01-31 | $7.96 | $673.51 | x |
| 2002-01-31 | $7.04 | $673.51 | x |
| 2003-01-31 | $7.68 | $673.51 | x |
| 2004-01-31 | $8.70 | $673.51 | x |
| 2005-01-31 | $7.65 | $673.51 | x |
| 2006-01-31 | $3.40 | $673.51 | x |
| 2007-01-31 | $8.34 | $673.51 | x |
| 2008-01-31 | $3.77 | $673.51 | x |
| 2009-01-31 | $6.19 | $673.51 | x |
| 2010-01-31 | $6.42 | $673.51 | x |
| 2011-01-31 | $7.12 | $673.51 | x |
| 2012-01-31 | $7.34 | $673.51 | x |
| 2013-01-31 | $8.57 | $673.51 | x |
| 2014-01-31 | $10.83 | $673.51 | x |
| 2015-01-31 | $12.51 | $673.51 | x |
| 2016-01-31 | $14.54 | $673.51 | x |
| 2017-01-31 | $18.66 | $673.51 | x |
| 2018-01-31 | $22.69 | $673.51 | x |
| 2019-01-31 | $25.14 | $673.51 | x |
| 2020-01-31 | $21.72 | $673.51 | x |
| 2021-01-31 | $20.26 | $673.51 | x |
| 2022-01-31 | $20.51 | $673.51 | x |
| 2023-01-31 | $19.81 | $673.51 | x |
| 2024-01-31 | $21.47 | $673.51 | x |
| 2025-01-31 | $25.30 | $673.51 | x |
| 2026-01-31 | $32.59 | $673.51 | 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): 29.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.59%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.57x
- Recent ROE (29.80%) is above the historical average (5.83%), 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 |
| 2026 | 29.80% | 14.59% | 0.80x | 2.57x | $91.55 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: $943,175,960
- Average return on equity (ROE) among peers: 3.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argan Inc (AGX) | $462.26 Million | 33.33% | 1.57x | $9.40 Billion |
| Arcosa Inc (ACA) | $1.34 Billion | 9.17% | 0.14x | $5.50 Billion |
| Aecom Technology Corporation (ACM) | $1.44 Billion | 10.20% | 1.49x | $9.26 Billion |
| Ameresco Inc (AMRC) | $276.80 Million | 0.87% | 1.18x | $1.25 Billion |
| Api Group Corp (APG) | $2.95 Billion | 8.47% | 1.76x | $18.01 Billion |
| Concrete Pumping Holdings Class A (BBCP) | $317.05 Million | -10.25% | 1.75x | $397.52 Million |
| Topbuild Corp (BLD) | $972.55 Million | 7.47% | 0.74x | $11.72 Billion |
| Blink Charging Co (BLNK) | $-20.81 Million | 0.00% | 0.00x | $119.16 Million |
| Bowman Consulting Group Ltd (BWMN) | $246.12 Million | 1.14% | 1.06x | $483.57 Million |
| Cadeler A/S (CDLR) | $959.04 Million | 1.20% | 0.31x | $2.10 Billion |
About 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. It operates through three segments: Power, Industrial, and Teledata. Its Power segment offers engineering, procurement, and constr… Read more