Argan (AGX)
Market Price (6/14/2026): $642.5 | Market Cap: $9.0 BilSector: Industrials | Industry: Construction & Engineering
Argan (AGX)
Market Price (6/14/2026): $642.5Market Cap: $9.0 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 -11% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47% Attractive yieldFCF Yield is 5.4% Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Hydrogen Economy. Themes include Solar Energy Generation, Wind Energy Development, Show more. | Expensive valuation multiplesP/SPrice/Sales ratio is 8.6x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 58x, P/EPrice/Earnings or Price/(Net Income) is 56x Stock price has recently run up significantly6M Rtn6 month market price return is 101%, 12M Rtn12 month market price return is 196% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 87% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2% 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 -11% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47% |
| Attractive yieldFCF Yield is 5.4% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Hydrogen Economy. Themes include Solar Energy Generation, Wind Energy Development, Show more. |
| Expensive valuation multiplesP/SPrice/Sales ratio is 8.6x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 58x, P/EPrice/Earnings or Price/(Net Income) is 56x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 101%, 12M Rtn12 month market price return is 196% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 87% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2% |
| Key risksAGX key risks include [1] potential losses from cost overruns on its fixed-price contracts, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Argan (AGX) stock has gained about 40% since 2/28/2026 because of the following key factors:
1. Exceptional Financial Performance Exceeding Expectations: Argan significantly surpassed analyst expectations in both its fiscal Q4 2026 and fiscal Q1 2027 earnings reports. For fiscal Q4 2026, reported on March 26, 2026, the company achieved earnings per share (EPS) of $3.47, beating the consensus estimate of $2.00 by $1.47, alongside revenues of $262.05 million which also exceeded estimates. This strong performance contributed to a 9.53% stock price increase immediately after the announcement. Building on this momentum, Argan reported record fiscal Q1 2027 results on June 4, 2026, with an EPS of $3.24, surpassing the consensus estimate of $2.31 by $0.93, and quarterly revenue surging 50.2% year-over-year to $290.95 million, well above analysts' expectations of $256.03 million. This consistent outperformance highlighted robust operational execution and increased profitability.
2. Substantial Growth in Project Backlog: Argan reported a significant expansion of its consolidated project backlog, reaching approximately $2.9 billion as of January 31, 2026, reflecting the addition of $2.5 billion in new contract value during fiscal year 2026. This backlog included three gas-fired power plants totaling over 3.4 gigawatts in the United States. The power segment continued to drive growth, with its backlog remaining strong at $2.5 billion as of April 30, 2026. Furthermore, the industrial segment's backlog increased by $200 million during fiscal 2026, partly due to a $125 million data center project awarded in November 2025, indicating diversified demand for Argan's services, including those tied to AI infrastructure.
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Stock Movement Drivers
Fundamental Drivers
The 42.5% change in AGX stock from 2/28/2026 to 6/14/2026 was primarily driven by a 18.1% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 450.88 | 642.50 | 42.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 915 | 1,042 | 13.9% |
| Net Income Margin (%) | 13.1% | 15.5% | 18.1% |
| P/E Multiple | 52.0 | 55.6 | 6.9% |
| Shares Outstanding (Mil) | 14 | 14 | -0.9% |
| Cumulative Contribution | 42.5% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| AGX | 42.3% | |
| Market (SPY) | 8.4% | 11.8% |
| Sector (XLI) | -0.3% | 24.7% |
Fundamental Drivers
The 62.9% change in AGX stock from 11/30/2025 to 6/14/2026 was primarily driven by a 21.6% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 394.38 | 642.50 | 62.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 921 | 1,042 | 13.1% |
| Net Income Margin (%) | 12.7% | 15.5% | 21.6% |
| P/E Multiple | 46.2 | 55.6 | 20.4% |
| Shares Outstanding (Mil) | 14 | 14 | -1.6% |
| Cumulative Contribution | 62.9% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| AGX | 62.7% | |
| Market (SPY) | 9.2% | 12.8% |
| Sector (XLI) | 15.3% | 25.3% |
Fundamental Drivers
The 207.3% change in AGX stock from 5/31/2025 to 6/14/2026 was primarily driven by a 67.1% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 209.09 | 642.50 | 207.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 874 | 1,042 | 19.2% |
| Net Income Margin (%) | 9.8% | 15.5% | 58.3% |
| P/E Multiple | 33.3 | 55.6 | 67.1% |
| Shares Outstanding (Mil) | 14 | 14 | -2.6% |
| Cumulative Contribution | 207.3% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| AGX | 206.9% | |
| Market (SPY) | 27.3% | 26.4% |
| Sector (XLI) | 25.0% | 31.4% |
Fundamental Drivers
The 1556.8% change in AGX stock from 5/31/2023 to 6/14/2026 was primarily driven by a 250.8% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.78 | 642.50 | 1556.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 455 | 1,042 | 129.0% |
| Net Income Margin (%) | 7.3% | 15.5% | 112.8% |
| P/E Multiple | 15.8 | 55.6 | 250.8% |
| Shares Outstanding (Mil) | 14 | 14 | -3.1% |
| Cumulative Contribution | 1556.8% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| AGX | 1554.7% | |
| Market (SPY) | 84.5% | 29.3% |
| Sector (XLI) | 90.2% | 34.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AGX Return | -12% | -2% | 30% | 198% | 131% | 99% | 1447% |
| Peers Return | 46% | 14% | 28% | 27% | 31% | 34% | 376% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| AGX Win Rate | 25% | 50% | 75% | 83% | 75% | 67% | |
| Peers Win Rate | 56% | 60% | 63% | 53% | 57% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AGX Max Drawdown | -31% | -23% | -15% | -15% | -44% | -21% | |
| Peers Max Drawdown | -27% | -28% | -27% | -29% | -38% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DY, FLR, GVA, SHIM, PWR.
[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] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | AGX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.0% | -18.8% |
| % Gain to Breakeven | 38.9% | 23.1% |
| Time to Breakeven | 32 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.3% | -24.5% |
| % Gain to Breakeven | 21.0% | 32.4% |
| Time to Breakeven | 107 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.9% | -33.7% |
| % Gain to Breakeven | 49.1% | 50.9% |
| Time to Breakeven | 106 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -14.1% | -19.2% |
| % Gain to Breakeven | 16.4% | 23.8% |
| Time to Breakeven | 34 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.7% | -12.2% |
| % Gain to Breakeven | 38.2% | 13.9% |
| Time to Breakeven | 118 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.4% | -6.8% |
| % Gain to Breakeven | 34.0% | 7.3% |
| Time to Breakeven | 240 days | 15 days |
In The Past
Argan's stock fell -28.0% during the 2025 US Tariff Shock. Such a loss loss requires a 38.9% gain to breakeven.
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| Event | AGX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.0% | -18.8% |
| % Gain to Breakeven | 38.9% | 23.1% |
| Time to Breakeven | 32 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.9% | -33.7% |
| % Gain to Breakeven | 49.1% | 50.9% |
| Time to Breakeven | 106 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.7% | -12.2% |
| % Gain to Breakeven | 38.2% | 13.9% |
| Time to Breakeven | 118 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.4% | -6.8% |
| % Gain to Breakeven | 34.0% | 7.3% |
| Time to Breakeven | 240 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -24.2% | -15.4% |
| % Gain to Breakeven | 31.8% | 18.2% |
| Time to Breakeven | 353 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -30.8% | -53.4% |
| % Gain to Breakeven | 44.5% | 114.4% |
| Time to Breakeven | 14 days | 1085 days |
In The Past
Argan's stock fell -28.0% during the 2025 US Tariff Shock. Such a loss loss requires a 38.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Argan (AGX)
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Argan (AGX):
- Imagine a smaller Quanta Services, building and maintaining power plants (especially renewable energy), industrial facilities, and telecom networks.
- An engineering and construction (EPC) company for power generation and critical infrastructure, similar to a specialized Fluor or Bechtel.
AI Analysis | Feedback
- Power Industry EPC & Operations: Argan provides comprehensive engineering, procurement, and construction (EPC) services, alongside operations management, maintenance, and consulting for power generation and renewable energy facilities.
- Industrial Fabrication & Field Services: The company offers specialized industrial field services and fabricates pipes and vessels for various industrial clients.
- Telecommunications & Electrical Infrastructure Services: Argan builds and maintains telecommunications and electrical networks, including underground and aerial cabling, directional boring, and structured cabling systems.
AI Analysis | Feedback
Argan (AGX) primarily sells its services to other companies and governmental entities. Its major customers can be categorized as:
-
Power and Energy Sector: Independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies.
-
Industrial Sector: Companies in the forest products, industrial gas, fertilizer, and mining industries.
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Telecommunications and Government Sector: State and local government agencies, federal government facilities, regional communications service providers, electric utilities, and other commercial customers.
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David H. Watson, President and Chief Executive OfficerDavid H. Watson was appointed President and Chief Executive Officer of Argan, Inc. in August 2022 and has served on the Board since that time. Prior to his role as CEO, he served as Senior Vice President, Chief Financial Officer, Treasurer, and Corporate Secretary of Argan from October 2015 to August 2022. Before joining Argan, Mr. Watson held CFO and Treasurer positions at Gladstone Investment (NASDAQ: GAIN) and Gladstone Capital (NASDAQ: GLAD), both publicly traded business development companies.
Joshua S. Baugher, Senior Vice President, Chief Financial Officer, and TreasurerJoshua S. Baugher became Senior Vice President, Chief Financial Officer, and Treasurer of Argan, Inc. on September 16, 2024, succeeding Richard H. Deily upon his retirement. Before this appointment, Mr. Baugher served as Vice President and Corporate Controller for Argan since 2022. His previous experience includes overseeing financial reporting and technical accounting at Charles River Associates (NASDAQ: CRAI), a publicly traded international consulting firm, from October 2018 to December 2022. Mr. Baugher began his career at CohnReznick, a national accounting firm, where he managed a diverse client portfolio for nine years. He is a licensed Certified Public Accountant with a Bachelor of Science in Accounting from George Mason University.
Charles Collins IV, Chief Executive Officer, Gemma Power SystemsCharles Collins IV serves as the Chief Executive Officer of Gemma Power Systems, LLC, a key subsidiary of Argan, Inc. He continues in this role, as indicated by his employment agreement dated September 16, 2024.
Sean Terrell, Chief Executive Officer, The Roberts CompanySean Terrell was promoted to Chief Executive Officer of The Roberts Company (TRC), a wholly-owned subsidiary of Argan, Inc., effective April 30, 2025. He previously served as TRC's President since 2023. Mr. Terrell brings over 30 years of leadership and operational experience, including senior positions at Overland Contracting, Inc. and Black & Veatch, where he managed significant international projects. He also has prior experience with Gemma Power Systems, another Argan subsidiary, and holds a Bachelor of Science in Construction Engineering from Iowa State University.
AI Analysis | Feedback
Key Business Risks for Argan (AGX):
- Project Execution and Fixed-Price Contract Risk: Argan's business relies heavily 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.
- Customer Concentration and Dependence on New Large Projects: The company's project backlog and revenues are often concentrated in a few large, multi-year projects and a limited number of significant customers. The success of Argan is highly dependent on its ability to secure new large EPC contracts. Delays in existing projects or the failure to win new contracts could lead to a significant decline in its backlog and negatively impact future revenues and stock performance.
- Material Cost Volatility and Supply Chain Disruptions: Argan operates in an industry susceptible to fluctuations in material costs, particularly for commodities like steel and aluminum, and is sensitive to changes in trade policies and tariffs. Such volatility or disruptions in the supply chain can lead to increased project costs and delays, potentially affecting the company's profitability, competitive positioning, and ability to deliver projects within budget and on time.
AI Analysis | Feedback
The proliferation and advancement of wireless communication technologies, such as 5G and satellite internet services, pose a clear emerging threat to Argan's Telecommunications Infrastructure Services segment. As these wireless alternatives become more robust and widespread, they could reduce the demand for new physical wired infrastructure installations, including trenchless directional boring, excavation for underground networks, aerial cabling, and traditional structured cabling for high-speed data, voice, and video. This shift could potentially diminish the need for the extensive physical infrastructure build-out that forms a core part of Argan's telecom offerings.
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Argan, Inc. (AGX) operates across diverse sectors, and the addressable markets for its main products and services demonstrate significant scale, primarily within North America and globally.
Power Industry Services
Argan's Power Industry Services segment, encompassing engineering, procurement, and construction (EPC) for alternative energy facilities and broader power generation projects, addresses substantial markets:
- The global Power EPC market was valued at USD 690 billion in 2023 and is projected to reach USD 1,103 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2033.
- In the United States, the power EPC market size reached USD 110.14 billion in 2026 and is forecast to hit USD 126.76 billion by 2031, exhibiting a CAGR of 2.85% between 2026 and 2031.
- The U.S. renewable energy market size reached USD 260.4 billion in 2025 and is expected to reach USD 579.9 billion by 2034, demonstrating a growth rate (CAGR) of 9.30% during 2026-2034.
- The North America utility solar EPC market was estimated at USD 22.6 billion in 2024 and is expected to grow from USD 23.7 billion in 2025 to USD 54 billion by 2034, at a CAGR of 5.3%.
Industrial Fabrication and Field Services
The Industrial Fabrication and Field Services segment, which includes industrial field, and pipe and vessel fabrication services, operates within the following market sizes:
- The North America contract fabrication services market size was estimated at USD 65.95 billion in 2025 and is projected to reach USD 103.68 billion by 2033, growing at a CAGR of 5.9% from 2026 to 2033.
- The United States metal fabrication market size is USD 7257.4 million in 2025.
- The global pipe fabrication market size was estimated at USD 57.43 billion in 2024 and is projected to grow from USD 60.23 billion in 2025 to USD 96.82 billion by 2035, exhibiting a CAGR of 4.86% during the forecast period 2025-2035.
- The North America pipe fabrication market was valued at USD 7.14 billion in 2024.
Telecommunications Infrastructure Services
Argan's Telecommunications Infrastructure Services segment, offering trenchless directional boring, cabling, and network installation, operates within these market landscapes:
- The demand for telecom network infrastructure in the USA is estimated to be USD 72.6 billion in 2025, rising to USD 76.9 billion in 2026, and is forecasted to reach USD 129.8 billion by 2035.
- The North America fiber optic installation market was valued at USD 2.274 billion in 2024 and is projected to increase significantly to USD 4.135 billion by 2035.
- The Wireless Tower Construction industry in the United States has a market size of USD 14.1 billion in 2026.
- The U.S. fiber-optic cable market generated a revenue of USD 1,431.3 million in 2025 and is expected to reach USD 1,910.2 million by 2033.
AI Analysis | Feedback
Argan, Inc. (AGX) is anticipated to drive future revenue growth over the next 2-3 years through several key factors:
- Record Project Backlog: Argan has reported a record project backlog of approximately $3.0 billion as of the third quarter of fiscal year 2026 (ended October 31, 2025), nearly doubling its position from the start of the year. This substantial backlog provides strong visibility into future revenue streams and indicates a multi-year runway for growth. The company's operational focus for 2026 is centered on "Backlog Monetization," aiming to convert these secured projects into revenue.
- Surging Demand for Power Infrastructure (Natural Gas and Renewables): The significant increase in Argan's backlog is largely fueled by major gas-fired projects, particularly in Texas, addressing the urgent industry need for replacing aging facilities and supporting growing electrification. Argan is strategically positioned to benefit from the "Electrification of Everything" trend, driven by the increasing demand from AI and data centers, electric vehicles, and renewable energy infrastructure. The company is actively diversifying its project portfolio to encompass both natural gas and renewable energy facilities, including solar, wind, and battery storage projects.
- Increased Project Capacity and Operational Efficiency: Management anticipates increasing its project capacity to approximately 10 to 12 jobs for the foreseeable future, up from 7-9 jobs in previous fiscal years, thereby expanding opportunities for revenue generation. Argan has demonstrated improved gross margins and operational efficiency in recent quarters, indicating effective project management and the ability to convert increased capacity into profitable revenue streams.
- Growth in Industrial Fabrication and Field Services: The Industrial Construction Services segment experienced a 19% increase in revenue in Q3 Fiscal 2026 compared to the same period in the prior year. Management commentary also highlights strong demand in this segment as a driver for future growth.
- Strategic Acquisitions and Partnerships: Argan's robust balance sheet, characterized by substantial cash reserves and no debt, provides the financial flexibility to pursue new opportunities, including strategic mergers and acquisitions. These acquisitions could accelerate market entry and allow the company to acquire specialized capabilities in areas such as carbon capture, hydrogen integration, and other specialty engineering services, further broadening its service offerings and revenue potential.
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Share Repurchases
- Argan has returned approximately $101.6 million to shareholders through share repurchases since November 2021, acquiring about 2.7 million shares, which represented 17% of shares outstanding at the program's inception.
- The company spent over $100 million on share repurchase programs in the past five years.
- In April 2025, Argan's Board of Directors approved an increase to its existing share repurchase program from $125 million to $150 million.
Share Issuance
- Argan's shares outstanding were 0.014 billion in 2025, a 2.64% increase from 2024.
- In Q4 2025, shares outstanding stood at $13.9 million, an increase of 224.26% from the same period last year.
Capital Expenditures
- Argan's capital expenditures were $8.60 million in 2025, $4.83 million in 2024, and $2.81 million in 2023.
- Over the last 12 months, capital expenditures were -$4.04 million.
- Capital expenditures in the most recent quarter totaled -$0.58 million.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 307.33 |
| Mkt Cap | 9.0 |
| Rev LTM | 6,252 |
| Op Inc LTM | 270 |
| FCF LTM | 440 |
| FCF 3Y Avg | 251 |
| CFO LTM | 493 |
| CFO 3Y Avg | 385 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.9% |
| Rev Chg 3Y Avg | 16.6% |
| Rev Chg Q | 30.4% |
| QoQ Delta Rev Chg LTM | 5.8% |
| Op Inc Chg LTM | 33.6% |
| Op Inc Chg 3Y Avg | 75.1% |
| Op Mgn LTM | 5.8% |
| Op Mgn 3Y Avg | 5.5% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 9.4% |
| CFO/Rev 3Y Avg | 8.3% |
| FCF/Rev LTM | 6.5% |
| FCF/Rev 3Y Avg | 5.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.0 |
| P/S | 2.3 |
| P/Op Inc | 29.4 |
| P/EBIT | 29.4 |
| P/E | 45.6 |
| P/CFO | 21.1 |
| Total Yield | 2.2% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.2% |
| 3M Rtn | 22.7% |
| 6M Rtn | 40.1% |
| 12M Rtn | 100.7% |
| 3Y Rtn | 271.0% |
| 1M Excs Rtn | -4.9% |
| 3M Excs Rtn | 10.6% |
| 6M Excs Rtn | 29.6% |
| 12M Excs Rtn | 76.5% |
| 3Y Excs Rtn | 196.9% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Power | 756 | 693 | 416 | 346 | 398 |
| Industrial | 168 | 168 | 143 | 93 | 98 |
| Teledata | 21 | 14 | 14 | 16 | 13 |
| Other | 0 | 0 | |||
| Total | 945 | 874 | 573 | 455 | 509 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Power | 136 | 85 | 34 | 46 | 45 |
| Industrial | 13 | 15 | 12 | 7 | 8 |
| Teledata | 0 | 0 | 1 | -0 | 0 |
| Other | -11 | -9 | |||
| Total | 149 | 100 | 48 | 42 | 45 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Power | 904 | 651 | 412 | 335 | 346 |
| Corporate | 178 | 117 | 104 | ||
| Industrial | 96 | 62 | 76 | 60 | 44 |
| Teledata | 9 | 6 | 7 | 7 | 7 |
| Other | 88 | 157 | |||
| Total | 1,186 | 836 | 598 | 489 | 554 |
Price Behavior
| Market Price | $641.68 | |
| Market Cap ($ Bil) | 8.9 | |
| First Trading Date | 08/18/1995 | |
| Distance from 52W High | -13.4% | |
| 50 Days | 200 Days | |
| DMA Price | $649.32 | $419.64 |
| DMA Trend | up | up |
| Distance from DMA | -1.2% | 52.9% |
| 3M | 1YR | |
| Volatility | 94.6% | 74.5% |
| Downside Capture | 67.25 | 156.83 |
| Upside Capture | 157.89 | 243.97 |
| Correlation (SPY) | 4.7% | 28.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.62 | 1.84 | 0.65 | 0.83 | 1.68 | 1.20 |
| Up Beta | -1.14 | 0.29 | 1.11 | 1.82 | 2.37 | 1.40 |
| Down Beta | 0.02 | 0.96 | -4.16 | -0.93 | 0.53 | 0.96 |
| Up Capture | 272% | 247% | 289% | 194% | 479% | 650% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 24 | 32 | 62 | 135 | 409 |
| Down Capture | 679% | 451% | 141% | 62% | 128% | 93% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 17 | 31 | 62 | 115 | 339 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AGX | |
|---|---|---|---|---|
| AGX | 188.9% | 74.1% | 1.72 | - |
| Sector ETF (XLI) | 23.9% | 16.2% | 1.14 | 31.6% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 27.7% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 22.8% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | 0.6% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 5.5% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 13.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AGX | |
|---|---|---|---|---|
| AGX | 70.7% | 50.9% | 1.23 | - |
| Sector ETF (XLI) | 12.7% | 17.5% | 0.56 | 35.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 29.5% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 12.0% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 9.8% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 18.9% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 11.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AGX | |
|---|---|---|---|---|
| AGX | 37.5% | 46.1% | 0.86 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 37.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 33.5% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 7.2% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 13.6% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 26.6% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 6.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/4/2026 | 0.8% | -9.5% | |
| 3/26/2026 | 37.9% | 40.0% | 61.0% |
| 12/4/2025 | -12.0% | -7.2% | -5.4% |
| 9/4/2025 | -11.1% | -2.2% | 10.3% |
| 6/4/2025 | 8.0% | 3.0% | -7.0% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 11 |
| # Negative | 12 | 14 | 13 |
| Median Positive | 8.0% | 7.8% | 10.3% |
| Median Negative | -6.0% | -6.8% | -6.9% |
| Max Positive | 37.9% | 40.0% | 61.0% |
| Max Negative | -13.7% | -9.5% | -12.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/04/2026 | 10-Q |
| 01/31/2026 | 03/26/2026 | 10-K |
| 10/31/2025 | 12/04/2025 | 10-Q |
| 07/31/2025 | 09/04/2025 | 10-Q |
| 04/30/2025 | 06/04/2025 | 10-Q |
| 01/31/2025 | 03/27/2025 | 10-K |
| 10/31/2024 | 12/05/2024 | 10-Q |
| 07/31/2024 | 09/05/2024 | 10-Q |
| 04/30/2024 | 06/06/2024 | 10-Q |
| 01/31/2024 | 04/11/2024 | 10-K |
| 10/31/2023 | 12/06/2023 | 10-Q |
| 07/31/2023 | 09/06/2023 | 10-Q |
| 04/30/2023 | 06/08/2023 | 10-Q |
| 01/31/2023 | 04/17/2023 | 10-K |
| 10/31/2022 | 12/07/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
Insider Activity
Updated 6/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Getsinger, Peter W | Direct | Sell | 4302026 | 628.36 | 3,000 | 1,885,080 | 4,302,381 | Form | |
| 2 | Larroque, Alexander Lisa | Direct | Sell | 4302026 | 630.58 | 350 | 220,703 | 220,703 | Form | |
| 3 | Leimkuhler, William F | Direct | Sell | 4292026 | 617.41 | 5,000 | 3,087,050 | 22,532,378 | Form | |
| 4 | Leimkuhler, William F | Self as Trustee for Emily K Leimkuhler Trust | Sell | 4292026 | 621.14 | 400 | 248,456 | 310,570 | Form | |
| 5 | Leimkuhler, William F | Self as Trustee for Elizabeth K Leimkuhler Trust | Sell | 4292026 | 618.61 | 400 | 247,444 | 309,305 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction & Engineering Resources |
| Engineering News-Record (ENR) |
| Construction Dive |
| Civil Engineering Magazine |
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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