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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Quanta Services	96.39 Bn	95.88 Bn	1.55 Bn	7.27%
2	Comfort Systems Usa	58.32 Bn	56.46 Bn	844.23 Mn	17.09%
3	Ferrovial	45.15 Bn	40.18 Bn	-	-
4	Emcor	34.54 Bn	33.61 Bn	1.02 Bn	10.62%
5	IES Holdings	27.27 Bn	26.88 Bn	340.66 Mn	14.37%
6	Mastec	20.83 Bn	20.51 Bn	556.28 Mn	5.17%
7	APi	17.90 Bn	17.04 Bn	703.00 Mn	7.76%
8	Jacobs Solutions	17.64 Bn	16.47 Bn	810.70 Mn	7.03%
9	Sterling Infrastructure	15.87 Bn	15.41 Bn	289.96 Mn	18.77%
10	Argan	7.03 Bn	6.50 Bn	61.11 Mn	15.60%

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