Argan (AGX)
Market Price (12/24/2025): $331.8 | Market Cap: $4.6 BilSector: Industrials | Industry: Construction & Engineering
Argan (AGX)
Market Price (12/24/2025): $331.8Market Cap: $4.6 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 38x |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13% | Stock price has recently run up significantly12M Rtn12 month market price return is 131% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -2.3% |
| Attractive yieldFCF Yield is 6.2% | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 51% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Hydrogen Economy. Themes include Solar Energy Generation, Wind Energy Development, Show more. | Key risksAGX key risks include [1] potential losses from cost overruns on its fixed-price contracts, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Attractive yieldFCF Yield is 6.2% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Hydrogen Economy. Themes include Solar Energy Generation, Wind Energy Development, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 38x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 131% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -2.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 51% |
| Key risksAGX key risks include [1] potential losses from cost overruns on its fixed-price contracts, Show more. |
Why The Stock Moved
Qualitative Assessment
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Argan (AGX) experienced a 44.1% stock increase between August 31, 2025, and December 25, 2025, driven by several key factors: 1. Strong Q2 Fiscal Year 2026 Financial Performance: Argan reported record-breaking Q2 FY2026 results with diluted earnings per share nearly doubling, improved gross margins, and a project backlog reaching a record $2.0 billion. These strong financials signaled robust operational performance and future revenue potential.2. Significant Quarterly Dividend Increase: In October 2025, Argan announced a substantial 33% increase in its quarterly cash dividend, raising it from $0.375 to $0.50 per share. This marked the third consecutive annual dividend increase, reflecting management's confidence in the company's sustained growth and profitability.
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Stock Movement Drivers
Fundamental Drivers
The 24.4% change in AGX stock from 9/24/2025 to 12/24/2025 was primarily driven by a 22.5% change in the company's P/E Multiple.| 9242025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 260.07 | 323.66 | 24.45% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 920.88 | 915.03 | -0.64% |
| Net Income Margin (%) | 12.73% | 13.11% | 2.98% |
| P/E Multiple | 30.47 | 37.32 | 22.50% |
| Shares Outstanding (Mil) | 13.73 | 13.83 | -0.72% |
| Cumulative Contribution | 24.44% |
Market Drivers
9/24/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| AGX | 26.2% | |
| Market (SPY) | 4.4% | 57.0% |
| Sector (XLI) | 3.4% | 44.4% |
Fundamental Drivers
The 55.4% change in AGX stock from 6/25/2025 to 12/24/2025 was primarily driven by a 31.7% change in the company's P/E Multiple.| 6252025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 208.28 | 323.66 | 55.40% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 910.16 | 915.03 | 0.54% |
| Net Income Margin (%) | 11.00% | 13.11% | 19.14% |
| P/E Multiple | 28.35 | 37.32 | 31.66% |
| Shares Outstanding (Mil) | 13.63 | 13.83 | -1.48% |
| Cumulative Contribution | 55.36% |
Market Drivers
6/25/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| AGX | 57.6% | |
| Market (SPY) | 14.0% | 51.5% |
| Sector (XLI) | 10.0% | 42.1% |
Fundamental Drivers
The 127.4% change in AGX stock from 12/24/2024 to 12/24/2025 was primarily driven by a 59.9% change in the company's Net Income Margin (%).| 12242024 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 142.34 | 323.66 | 127.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 806.26 | 915.03 | 13.49% |
| Net Income Margin (%) | 8.20% | 13.11% | 59.85% |
| P/E Multiple | 29.13 | 37.32 | 28.12% |
| Shares Outstanding (Mil) | 13.53 | 13.83 | -2.22% |
| Cumulative Contribution | 127.28% |
Market Drivers
12/24/2024 to 12/24/2025| Return | Correlation | |
|---|---|---|
| AGX | 130.6% | |
| Market (SPY) | 15.8% | 44.1% |
| Sector (XLI) | 18.6% | 42.0% |
Fundamental Drivers
The 837.0% change in AGX stock from 12/25/2022 to 12/24/2025 was primarily driven by a 179.2% change in the company's Net Income Margin (%).| 12252022 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 34.54 | 323.66 | 836.99% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 461.83 | 915.03 | 98.13% |
| Net Income Margin (%) | 4.69% | 13.11% | 179.20% |
| P/E Multiple | 21.96 | 37.32 | 69.98% |
| Shares Outstanding (Mil) | 13.78 | 13.83 | -0.36% |
| Cumulative Contribution | 836.98% |
Market Drivers
12/25/2023 to 12/24/2025| Return | Correlation | |
|---|---|---|
| AGX | 599.5% | |
| Market (SPY) | 48.9% | 37.2% |
| Sector (XLI) | 42.7% | 39.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AGX Return | 19% | -12% | -2% | 30% | 198% | 145% | 883% |
| Peers Return | 9% | 25% | 6% | 17% | 30% | 382% | 962% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| AGX Win Rate | 33% | 25% | 50% | 75% | 83% | 75% | |
| Peers Win Rate | 28% | 32% | 35% | 37% | 35% | 40% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| AGX Max Drawdown | -20% | -16% | -16% | -1% | -6% | -24% | |
| Peers Max Drawdown | -43% | -5% | -14% | -8% | -6% | -16% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: DY, FLR, GVA, CDNL, MGN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | AGX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.6% | -25.4% |
| % Gain to Breakeven | 71.3% | 34.1% |
| Time to Breakeven | 564 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -32.9% | -33.9% |
| % Gain to Breakeven | 49.1% | 51.3% |
| Time to Breakeven | 109 days | 148 days |
| 2018 Correction | ||
| % Loss | -53.4% | -19.8% |
| % Gain to Breakeven | 114.4% | 24.7% |
| Time to Breakeven | 2,179 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -52.8% | -56.8% |
| % Gain to Breakeven | 111.9% | 131.3% |
| Time to Breakeven | 1,442 days | 1,480 days |
Compare to DY, FLR, GVA, CDNL, MGN
In The Past
Argan's stock fell -41.6% during the 2022 Inflation Shock from a high on 4/1/2021. A -41.6% loss requires a 71.3% gain to breakeven.
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Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services segments. The Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, fertilizer, and mining companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structured cabling, terminations, and connectivity that offers the physical transport for high-speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.
AI Analysis | Feedback
Analogy 1: Fluor for power plants
Analogy 2: Bechtel for energy infrastructure
AI Analysis | Feedback
```html- Engineering, Procurement, and Construction (EPC) Services: Argan provides full-service EPC solutions for the development of natural gas-fired, renewable energy, and other power generation facilities.
- Industrial Construction and Fabrication Services: The company offers specialized construction, fabrication, and maintenance services to clients in various industrial and manufacturing sectors.
- Turbine and Generator Field Services: Argan delivers installation, commissioning, maintenance, and outage support for turbines, compressors, and generators primarily within the power generation and industrial markets.
AI Analysis | Feedback
Argan, Inc. (symbol: AGX) primarily sells its services to other companies in the power industry and related sectors. Due to the project-based nature of their business and typical confidentiality agreements, Argan does not consistently disclose the names of its specific major customers in its public financial filings.
However, their customer base primarily consists of the following categories of companies:
- Independent Power Producers (IPPs): These companies develop, own, and operate facilities to generate electricity for sale to utilities or the wholesale market.
- Public Utilities: Large, often regulated, entities that generate, transmit, and distribute electricity to consumers.
- Renewable Energy Developers: Companies focused on the development and operation of renewable energy projects, such as solar, wind, and battery storage facilities.
- Industrial Customers: Large industrial facilities that require specialized power solutions, co-generation facilities, or other industrial construction and maintenance services.
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David H. Watson, President and Chief Executive Officer
Mr. Watson was appointed President and Chief Executive Officer of Argan in August 2022. Prior to this role, he served as Argan's Chief Financial Officer for almost seven years, beginning in January 2015. Before joining Argan, he held the position of Chief Financial Officer & Treasurer at The Gladstone Companies from January 2010 to January 2015. His background also includes roles as Director of Portfolio Accounting at MCG Capital and Associate Director at Guidehouse. He started his career as an Audit Senior at Deloitte Consulting.
Joshua S. Baugher, Senior Vice President, Chief Financial Officer and Treasurer
Mr. Baugher is the current Chief Financial Officer, having succeeded Richard H. Deily on September 15, 2024. Before this appointment, he was Vice President and Corporate Controller at Argan. From October 2018 to December 2022, he oversaw financial reporting and technical accounting at Charles River Associates, a publicly traded international consulting firm. Mr. Baugher began his career at CohnReznick, where he managed a diverse client portfolio for nine years. He is a Certified Public Accountant in Maryland.
Rainer H. Bosselmann, Director
Mr. Bosselmann founded Argan in 2003 and served as its Chairman and Chief Executive Officer until his retirement in August 2022. Under his leadership, he transformed the company from a $30 million entity into an international business with annual revenues and a market capitalization exceeding $500 million. He was instrumental in the acquisition of Gemma Power Systems in 2006, which significantly repositioned Argan. He continues to serve as a member of the Board of Directors.
Charles E. Collins IV, Chief Executive Officer, Gemma Power Systems
Mr. Collins was appointed CEO of Gemma Power Systems, a wholly-owned subsidiary of Argan, in November 2021, following his tenure as Co-President. He has 21 years of experience with Gemma Power Systems and has led the company through challenging periods.
Michael J. Hundley, Senior Vice President of Legal and Corporate Secretary
Mr. Hundley serves as the Senior Vice President of Legal and Corporate Secretary for Argan, Inc.
AI Analysis | Feedback
The key risks to Argan's (AGX) business include:
- Project Execution and Fixed-Price Contract Risk: Argan's business heavily relies on large, complex, fixed-price Engineering, Procurement, and Construction (EPC) contracts. There is an inherent risk that the company may experience reduced profits or incur losses if project costs increase above estimates, due to factors such as unforeseen issues, cost overruns, supply chain delays, or inefficient execution. A single significant loss-making project could materially impact earnings and investor confidence.
- Dependence on Securing New Large Projects and Backlog Volatility: Argan's future revenue and stock performance are significantly dependent on its ability to continuously secure new, large EPC contracts to replenish its project backlog. The company's backlog provides visibility into future revenues, and a substantial decline in this backlog, whether due to project completion without new awards or project cancellations, could lead to a sharp decrease in revenue and a negative impact on the stock price. The cyclical nature of the construction industry and potential fluctuations in demand for new power plant construction also contribute to this risk.
- Customer Concentration Risk: A considerable portion of Argan's consolidated revenues is derived from a limited number of significant customers. For example, three customers represented 30%, 17%, and 13% of revenues for the three months ended July 31, 2025. This concentration poses a risk, as a reduction in demand or a shift to competitors by any of these key customers could negatively impact Argan's revenue and profitability.
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The accelerating global energy transition away from fossil fuels, including natural gas, towards renewable energy sources. A significant portion of Argan's historical and ongoing project work involves the engineering, procurement, and construction (EPC) of natural gas-fired power plants. As governments, utilities, and investors increasingly prioritize and subsidize purely renewable energy projects (solar, wind, battery storage) and phase out fossil fuel-based generation, the market for new large-scale natural gas power plant construction could diminish significantly and rapidly. While Argan does participate in renewable energy projects, a substantial and abrupt contraction in their core natural gas plant business, without a proportional and competitively strong pivot into an expanded renewable energy EPC market, poses a clear emerging threat to their revenue streams and long-term business model.
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Argan (AGX) operates primarily in three segments: Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services. The addressable markets for these services, predominantly in the United States, are detailed below.Power Industry Services
Argan provides engineering, procurement, construction (EPC), commissioning, maintenance, project development, and technical consulting services for the power generation market, including alternative energy facilities such as biomass plants, wind farms, battery storage, and solar fields. While Argan also operates in the Republic of Ireland and the United Kingdom, the most detailed market size data is available for the U.S. * U.S. Power Generation Market: The U.S. power generation market is projected to reach an estimated value of USD 181.94 billion in 2025 and grow to USD 307.89 billion by 2032. The overall U.S. power market was valued at USD 363.6 billion in 2024 and is expected to reach USD 517 billion in 2032, with a compound annual growth rate (CAGR) of 4.5% over the forecast period of 2026 to 2032. North America is estimated to account for 28% of the global power generation market by the end of 2035. * U.S. Renewable Energy Market: As a significant component of power generation, the U.S. renewable energy market was valued at USD 94.86 billion in 2024. It is estimated to grow to USD 98.30 billion in 2025 and reach USD 122.0 billion by 2032, exhibiting a CAGR of 3.13% during 2025-2032. Another estimate places the U.S. renewable energy market size at USD 237.2 billion in 2024, with a projected increase to USD 549.7 billion by 2033, at a CAGR of 9.79% during 2025-2033. In terms of installed capacity, the U.S. renewable energy market is expected to grow from 507.67 gigawatts in 2025 to 737.37 gigawatts by 2030, at a CAGR of 7.75%. * Power Plant Maintenance Market: Globally, the power plant maintenance market was estimated at USD 23.83 billion in 2024 and is expected to reach USD 34.76 billion by 2032, growing at a CAGR of 4.83% during the forecast period (2025-2032). North America is the largest regional market for power plant maintenance, holding approximately 40% of the global share.Industrial Fabrication and Field Services
This segment provides services supporting new plant construction and additions, maintenance turnarounds, shutdowns, and emergency mobilizations for industrial plants, primarily in the U.S.. * U.S. Industrial Building Construction Market: The size of the U.S. industrial building construction market was USD 43.8 billion in 2024 and is projected to reach USD 61.6 billion by 2032, with a CAGR of 4.5% during 2025–2032. In 2025, the market size is estimated at USD 45.3 billion.Telecommunications Infrastructure Services
Argan's telecommunications infrastructure services include trenchless directional boring, excavation for underground communication and power networks, aerial cabling, and structured cabling, primarily serving the mid-Atlantic region of the United States. Specific market size data for telecommunications infrastructure services solely within the mid-Atlantic U.S. region for services offered by Argan was not identified in the provided search results. Therefore, it is not possible to size this market based on the current information. Overall, the U.S. construction market, which encompasses many of Argan's services, reached approximately USD 1.90 trillion in 2024 and is projected to grow at a CAGR of 4.40% between 2025 and 2034, reaching a value of around USD 2.92 trillion by 2034.AI Analysis | Feedback
Argan (AGX) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Record Project Backlog: Argan's substantial and growing project backlog provides strong visibility for future revenue. As of July 31, 2025, the company reported a record project backlog of $2.0 billion, a significant increase from $757 million in fiscal year 2024. This backlog includes major projects across various sectors and geographies, ensuring a pipeline of work for its Power Industry Services segment.
- Increasing Demand for Reliable Energy Resources (Electrification of Everything): The company is strategically positioned to capitalize on the "Electrification of Everything" trend. This trend is driven by surging electricity demand from sources such as artificial intelligence (AI) and data centers, electric vehicles (EVs), and the ongoing development of renewable energy infrastructure. Management emphasizes the urgent need for reliable energy resources to strengthen the power grid, with electricity consumption projected to grow 4% annually through 2027.
- Growth in Natural Gas and Renewable Power Projects: Argan anticipates continued growth from both natural gas-fired and renewable energy power projects. The company expects to maintain its power generation percentage from natural gas within the 30%-40% range to meet energy demands and projects an increase in renewable energy initiatives. Significant natural gas plants are slated for construction in 2024-2025, and its backlog includes multiple renewable energy projects.
- Expansion in Telecommunications and Industrial Construction Sectors: Beyond its core power services, Argan expects growth in its telecommunications and industrial construction sectors. This expansion is particularly noted in high-growth regions like the southeast United States, with an emphasis on projects such as water treatment and data center infrastructure.
- Strategic Acquisitions, Partnerships, and Ecosystem-driven Business Design: Argan is actively pursuing an "ecosystem-driven business design" that includes strategic mergers and acquisitions (M&A) to enhance its capabilities and expand its geographical footprint. The company also forms strategic alliances with technology providers and advisory firms to accelerate project delivery and mitigate risks, fostering cross-sector growth and strengthening its market position.
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Share Repurchases
- In April 2025, Argan's Board of Directors approved an increase to its existing share repurchase program, raising the authorization from $125 million to $150 million.
- In January 2022, the company's share repurchase program was increased from $25 million to $50 million. Approximately $18 million had been repurchased under this authorization at that time.
Share Issuance
- During Fiscal 2021 (year ended January 31, 2021), Argan received $1.6 million in cash proceeds related to the exercise of stock options.
Outbound Investments
- In Fiscal 2021 (year ended January 31, 2021), Argan used $1.3 million for an investment in a solar energy project.
Capital Expenditures
- Capital expenditures for Fiscal 2021 (year ended January 31, 2021) were $1.7 million.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to AGX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.4% | 4.4% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.3% | 6.3% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.2% | 2.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.3% | 6.3% | -0.4% |
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Peer Comparisons for Argan
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 79.72 |
| Mkt Cap | 5.2 |
| Rev LTM | 4,705 |
| Op Inc LTM | 189 |
| FCF LTM | 290 |
| FCF 3Y Avg | 195 |
| CFO LTM | 384 |
| CFO 3Y Avg | 344 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.0% |
| Rev Chg 3Y Avg | 10.5% |
| Rev Chg Q | 5.1% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 7.2% |
| Op Mgn 3Y Avg | 5.8% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 10.8% |
| CFO/Rev 3Y Avg | 7.9% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 3.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.2 |
| P/S | 1.6 |
| P/EBIT | 19.3 |
| P/E | 31.2 |
| P/CFO | 16.9 |
| Total Yield | 3.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.8% |
| 3M Rtn | 25.2% |
| 6M Rtn | 51.1% |
| 12M Rtn | 81.6% |
| 3Y Rtn | 258.0% |
| 1M Excs Rtn | -2.6% |
| 3M Excs Rtn | 21.3% |
| 6M Excs Rtn | 35.3% |
| 12M Excs Rtn | 65.4% |
| 3Y Excs Rtn | 188.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power Services | 416 | 346 | 398 | 319 | 136 |
| Industrial Services | 143 | 93 | 98 | 65 | 95 |
| Telecom Services | 14 | 16 | 13 | 8 | 9 |
| Other | 0 | 0 | |||
| Total | 573 | 455 | 509 | 392 | 239 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power Services | 34 | 46 | 45 | 31 | -46 |
| Industrial Services | 12 | 7 | 8 | 1 | -2 |
| Telecom Services | 1 | -0 | 0 | -0 | -1 |
| Other | -11 | -11 | -9 | -8 | -7 |
| Total | 36 | 42 | 45 | 23 | -56 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power Services | 412 | 335 | 346 | 394 | 352 |
| Other | 104 | 88 | 157 | 162 | 85 |
| Industrial Services | 76 | 60 | 44 | 43 | 46 |
| Telecom Services | 7 | 7 | 7 | 3 | 5 |
| Total | 598 | 489 | 554 | 603 | 488 |
Price Behavior
Price Behavior
| Market Price | $328.26 | |
| Market Cap ($ Bil) | 4.5 | |
| First Trading Date | 08/18/1995 | |
| Distance from 52W High | -16.9% | |
| 50 Days | 200 Days | |
| DMA Price | $325.76 | $232.45 |
| DMA Trend | up | up |
| Distance from DMA | 0.8% | 41.2% |
| 3M | 1YR | |
| Volatility | 73.0% | 70.8% |
| Downside Capture | 281.23 | 180.10 |
| Upside Capture | 336.73 | 238.24 |
| Correlation (SPY) | 57.7% | 44.3% |
AGX Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.36 | 3.25 | 3.47 | 2.78 | 1.58 | 1.12 |
| Up Beta | 2.34 | 4.45 | 4.30 | 3.48 | 1.29 | 1.28 |
| Down Beta | 6.39 | 1.96 | 1.63 | 2.23 | 1.30 | 0.97 |
| Up Capture | 619% | 604% | 777% | 491% | 607% | 385% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 12 | 23 | 35 | 72 | 133 | 412 |
| Down Capture | 185% | 235% | 279% | 207% | 135% | 92% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 7 | 18 | 27 | 53 | 115 | 334 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of AGX With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| AGX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 137.4% | 20.9% | 19.2% | 71.9% | 8.9% | 6.0% | -10.4% |
| Annualized Volatility | 70.4% | 18.8% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | 1.52 | 0.87 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 42.0% | 44.0% | 10.1% | 15.7% | 18.8% | 26.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of AGX With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| AGX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 51.7% | 14.0% | 14.9% | 18.7% | 11.7% | 4.8% | 32.6% |
| Annualized Volatility | 44.8% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 1.08 | 0.66 | 0.70 | 0.97 | 0.51 | 0.17 | 0.59 |
| Correlation With Other Assets | 38.0% | 33.6% | 5.9% | 12.4% | 21.8% | 14.9% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of AGX With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| AGX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 29.1% | 13.4% | 14.7% | 14.9% | 6.9% | 5.2% | 69.2% |
| Annualized Volatility | 42.8% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.75 | 0.60 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 39.7% | 36.7% | 2.2% | 15.7% | 29.5% | 7.6% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/4/2025 | -12.0% | -7.2% | |
| 9/4/2025 | -11.1% | -2.2% | 10.3% |
| 3/27/2025 | 19.9% | 11.7% | 32.2% |
| 12/5/2024 | -1.1% | -3.1% | 0.9% |
| 9/5/2024 | 26.0% | 24.1% | 51.7% |
| 4/11/2024 | 21.1% | 23.6% | 35.5% |
| 12/6/2023 | -12.4% | -8.4% | -5.0% |
| 9/6/2023 | 9.2% | 7.8% | 13.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 9 | 9 |
| # Negative | 12 | 10 | 10 |
| Median Positive | 9.2% | 7.8% | 13.6% |
| Median Negative | -6.0% | -6.1% | -5.0% |
| Max Positive | 26.0% | 24.1% | 51.7% |
| Max Negative | -12.4% | -8.4% | -9.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10312025 | 12042025 | 10-Q 10/31/2025 |
| 7312025 | 9042025 | 10-Q 7/31/2025 |
| 4302025 | 6042025 | 10-Q 4/30/2025 |
| 1312025 | 3272025 | 10-K 1/31/2025 |
| 10312024 | 12052024 | 10-Q 10/31/2024 |
| 7312024 | 9052024 | 10-Q 7/31/2024 |
| 4302024 | 6062024 | 10-Q 4/30/2024 |
| 1312024 | 4112024 | 10-K 1/31/2024 |
| 10312023 | 12062023 | 10-Q 10/31/2023 |
| 7312023 | 9062023 | 10-Q 7/31/2023 |
| 4302023 | 6082023 | 10-Q 4/30/2023 |
| 1312023 | 4172023 | 10-K 1/31/2023 |
| 10312022 | 12072022 | 10-Q 10/31/2022 |
| 7312022 | 9082022 | 10-Q 7/31/2022 |
| 4302022 | 6082022 | 10-Q 4/30/2022 |
| 1312022 | 4132022 | 10-K 1/31/2022 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Getsinger Peter W | 10212025 | Sell | 292.00 | 2,000 | 584,000 | 4,785,880 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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