Argan (AGX) Gross Margin (2010 - 2026)

Argan (AGX) posted Gross Margin of 25.03% for Q1 2026, up 33.91% sequentially from 18.69% in Q4 2025, and up 455.0% YoY from 4.51% in Q1 2025.

Argan (AGX) Gross Margin (2010 - 2026) Analysis & Trends

Argan has reported Gross Margin for 17 years, with the latest figure at 25.03% in Q1 2026.

Quarterly Gross Margin rose 455.0% year-over-year to 25.03% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 20.5% (up 438.0% YoY) and the FY2026 annual result came in at 20.5%, up 438.0% from the prior year.
Gross Margin improved to 25.03% in Q1 2026 per AGX's latest filing, from 18.69% in the prior quarter.
Over five years, Gross Margin peaked at 25.03% in Q1 2026 and troughed at 11.38% in Q2 2024.
A 5-year average of 17.33% and a median of 17.7% in 2022 frame the typical range for Gross Margin.
The sharpest annual moves came in 2023 and 2025: Gross Margin plunged 709 bps in 2023, then jumped 766 bps in 2025.
Over 5 years, Gross Margin stood at 18.84% in 2022, then sank by 38 bps to 11.75% in 2023, then jumped by 47 bps to 17.25% in 2024, then advanced by 8 bps to 18.69% in 2025, then soared by 34 bps to 25.03% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 25.03%, 18.69%, and 18.62% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Quanta Services	96.39 Bn	95.88 Bn	1.55 Bn	16.17%
2	Comfort Systems Usa	58.32 Bn	56.46 Bn	844.23 Mn	25.85%
3	Ferrovial	45.15 Bn	40.18 Bn	-	-
4	Emcor	34.54 Bn	33.61 Bn	1.02 Bn	19.83%
5	IES Holdings	27.27 Bn	26.88 Bn	340.66 Mn	27.41%
6	Mastec	20.83 Bn	20.51 Bn	556.28 Mn	12.72%
7	APi	17.90 Bn	17.04 Bn	703.00 Mn	31.19%
8	Jacobs Solutions	17.64 Bn	16.47 Bn	810.70 Mn	19.89%
9	Sterling Infrastructure	15.87 Bn	15.41 Bn	289.96 Mn	24.82%
10	Argan	7.03 Bn	6.50 Bn	61.11 Mn	21.00%

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