Argan (AGX) Operating Margin (2010 - 2026)
Argan (AGX) posted Operating Margin of 18.19% for Q1 2026, up 40.01% sequentially from 12.99% in Q4 2025, and up 414.0% YoY from 3.54% in Q1 2025.
Argan (AGX) Operating Margin (2010 - 2026) Analysis & Trends
Argan has reported Operating Margin for 17 years, with the latest figure at 18.19% in Q1 2026.
- Quarterly Operating Margin rose 414.0% year-over-year to 18.19% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 14.26% (up 417.0% YoY) and the FY2026 annual result came in at 14.26%, up 417.0% from the prior year.
- Operating Margin climbed to 18.19% in Q1 2026 per AGX's latest filing, from 12.99% in the prior quarter.
- Over five years, Operating Margin peaked at 18.19% in Q1 2026 and troughed at 0.94% in Q1 2022.
- A 5-year average of 9.12% and a median of 9.14% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 1106 bps in 2022, then surged 899 bps in 2023.
- Over 5 years, Operating Margin stood at 8.09% in 2022, then plunged by 41 bps to 4.8% in 2023, then surged by 146 bps to 11.8% in 2024, then increased by 10 bps to 12.99% in 2025, then jumped by 40 bps to 18.19% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 18.19%, 12.99%, and 12.64% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 98.57 Bn | 98.48 Bn | 1.55 Bn | 7.27% |
| 2 | Comfort Systems Usa | 69.82 Bn | 67.96 Bn | 844.23 Mn | 17.09% |
| 3 | Ferrovial | 46.93 Bn | 41.94 Bn | - | - |
| 4 | Emcor | 35.79 Bn | 34.87 Bn | 1.02 Bn | 10.62% |
| 5 | Mastec | 25.30 Bn | 25.14 Bn | 556.28 Mn | 5.17% |
| 6 | Sterling Infrastructure | 18.27 Bn | 17.76 Bn | 194.30 Mn | 16.69% |
| 7 | APi | 17.00 Bn | 16.35 Bn | 703.00 Mn | 7.76% |
| 8 | Jacobs Solutions | 15.69 Bn | 14.31 Bn | 794.89 Mn | -2.20% |
| 9 | IES Holdings | 12.60 Bn | 12.34 Bn | 254.79 Mn | 11.52% |
| 10 | Argan | 8.11 Bn | 7.61 Bn | 65.60 Mn | 18.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 18.19% |
| Oct 31, 2025 | 12.99% |
| Jul 31, 2025 | 12.64% |
| Apr 30, 2025 | 12.57% |
| Jan 31, 2025 | 14.05% |
| Oct 31, 2024 | 11.80% |
| Jul 31, 2024 | 8.23% |
| Apr 30, 2024 | 4.13% |
| Jan 31, 2024 | 7.12% |
| Oct 31, 2023 | 4.80% |
| Jul 31, 2023 | 9.37% |
| Apr 30, 2023 | 3.50% |
| Jan 31, 2023 | 8.05% |
| Oct 31, 2022 | 8.09% |
| Jul 31, 2022 | 11.35% |
| Apr 30, 2022 | 9.14% |
| Jan 31, 2022 | -0.94% |
| Oct 31, 2021 | 11.69% |
| Jul 31, 2021 | 13.02% |
| Apr 30, 2021 | 10.94% |