Filing Flows › Argan (AGX) › How it makes money
How Argan (AGX) makes money
Argan (AGX) made $384M of revenue in the second quarter fiscal 2027 (Q2 FY27), +62% from a year earlier. Of every dollar of revenue, 19¢ was left as gross profit, 15¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $384M | 100.0% |
| Cost of revenue | $310M | 80.7% |
| Gross profit | $74.2M | 19.3% |
| Operating expenses | $17.4M | 4.5% |
| Operating profit | $56.8M | 14.8% |
| Income tax | $13.6M | 3.5% |
| Net earnings | $53.3M | 13.9% |
| Operating cash flow | $97.0M | 25.3% |
| Free cash flow | $91.7M | 23.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $384M | +62% |
| Q1 FY27 | $291M | +50% |
| Q4 FY26 | $262M | +13% |
| Q3 FY26 | $251M | -2% |
| Q2 FY26 | $238M | +5% |
| Q1 FY26 | $194M | +23% |
| Q4 FY25 | $232M | +41% |
From Argan's 10-Q filed Sep 2, 2026 (on EDGAR).
Questions
How does Argan make money?
Argan (AGX) made $384M of revenue in the second quarter fiscal 2027 (Q2 FY27), +62% from a year earlier. Of every dollar of revenue, 19¢ was left as gross profit, 15¢ was left as operating profit, 14¢ was left as net earnings.
What is Argan's profit margin?
Net earnings were $53.3M, 13.9% of revenue, in the second quarter fiscal 2027; the operating margin was 14.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.