Power Industry Services was Argan’s largest segment in fiscal 2026, bringing in $756.50M of $944.61M (80%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Power Industry Services | $346.03M | $416.28M | $693.04M | $756.50M | |||||||||||
| Power Services | — | — | — | — | |||||||||||
| Industrial Construction Services | — | $142.80M | $167.62M | $167.55M | |||||||||||
| Industrial Services | $92.77M | — | — | — | |||||||||||
| Telecommunications Infrastructure Services | $16.23M | $14.25M | $13.52M | $20.55M | |||||||||||
| Telecom Services | — | — | — | — | |||||||||||
| Total | $455.04M | $573.33M | $874.18M | $944.61M |
Argan brought in $944.61M from its three segments in fiscal 2026, the year ended January 31, 2026. That was up 8.1% from $874.18M in fiscal 2025. Power Industry Services was the largest at $756.50M (80.1%), ahead of Industrial Construction Services at $167.55M (17.7%) and Telecommunications Infrastructure Services at $20.55M (2.2%).
Compared with fiscal 2025, Telecommunications Infrastructure Services grew fastest, up 52.0% to $20.55M, while Industrial Construction Services fell the most, down 0.0% to $167.55M.
Argan began breaking out Industrial Construction Services in fiscal 2024, when it brought in $142.80M. Argan stopped reporting Industrial Services as a separate segment after fiscal 2023, when it brought in $92.77M.
United States was Argan’s largest region in fiscal 2026, bringing in $852.21M of $944.61M (90%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $328.85M | $334.24M | $783.11M | $852.21M | ||||||
| Republic Of Ireland | $68.24M | $198.70M | $81.36M | $65.01M | ||||||
| United Kingdom | $57.95M | $40.39M | $9.72M | $27.39M | ||||||
| Uk | — | — | — | — | ||||||
| Other | — | — | — | — | ||||||
| Total | $455.04M | $573.33M | $874.18M | $944.61M |
Argan brought in $944.61M from its three regions in fiscal 2026, the year ended January 31, 2026. That was up 8.1% from $874.18M in fiscal 2025. United States was the largest at $852.21M (90.2%), ahead of Republic Of Ireland at $65.01M (6.9%) and United Kingdom at $27.39M (2.9%).
Compared with fiscal 2025, United Kingdom grew fastest, up 181.9% to $27.39M, while Republic Of Ireland fell the most, down 20.1% to $65.01M. From fiscal 2023 to 2026, combined revenue from these regions grew from $455.04M to $944.61M, a compound annual growth rate of 27.6%. United States' share of the total rose from 72.3% to 90.2%.
Power Industry Services was Argan’s largest revenue line in fiscal 2011, bringing in $174.94M of $182.59M (96%).
| Breakdown | FY 2011 |
|---|---|
| Power Industry Services | $174.94M |
| Telecommunications Infrastructure Services | $7.65M |
| Total | $182.59M |
Argan brought in $182.59M from its two revenue lines in fiscal 2011, the year ended January 31, 2011. Power Industry Services was the largest at $174.94M (95.8%), ahead of Telecommunications Infrastructure Services at $7.65M (4.2%).
Argan (AGX) reports its revenue by segment, by geography and by breakdown. In fiscal 2026, Power Industry Services was its largest segment, bringing in $756.50M (80.1% of the total), followed by Industrial Construction Services at $167.55M (17.7%).
Power Industry Services was Argan's largest segment in fiscal 2026, bringing in $756.50M, or 80.1% of the $944.61M total across its three segments.
United States was Argan's largest region in fiscal 2026, bringing in $852.21M, or 90.2% of the $944.61M total across its three regions.
Power Industry Services was Argan's largest revenue line in fiscal 2011, bringing in $174.94M, or 95.8% of the $182.59M total across its two revenue lines.
Among Argan's segments that make up at least 2% of revenue, Telecommunications Infrastructure Services grew fastest in fiscal 2026, up 52.0% from $13.52M to $20.55M.
Every figure comes from Argan's annual financial filings, as reported. Each line keeps the name Argan gives it, and years follow its fiscal calendar.
Argan's revenue by segment goes back to fiscal 2012, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.