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Argan vs Matrix Service: AGX and MTRX compared
Argan is the larger company: $384M of revenue in its latest quarter (Q2 FY27) against $219M for Matrix Service (Q1 FY27). Argan is growing faster (+62% against +4% a year earlier). Argan is more profitable, with an operating margin of 14.8% against 2.0%.
Where the money goes: AGX and MTRX
Argan (AGX) · Q2 FY27
Argan, Q2 FY27: revenue $384M (+62% year over year), operating margin 14.8%, net earnings $53.3M, operating cash flow $97.0M. The chart follows the revenue to costs, profit and cash.
Matrix Service (MTRX) · Q1 FY27
Matrix Service, Q1 FY27: revenue $219M (+4% year over year), operating margin 2.0%, net earnings $6.2M, operating cash flow −$37.0M. The chart follows the revenue to costs, profit and cash.
| Argan (AGX) | Matrix Service (MTRX) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q1 FY27 |
| Revenue | $384M | $219M |
| Revenue growth, Y/Y | +62% | +4% |
| Gross margin | 19.3% | 8.2% |
| Operating margin | 14.8% | 2.0% |
| Net earnings | $53.3M | $6.2M |
| Net margin | 13.9% | 2.8% |
| Operating cash flow | $97.0M | −$37.0M |
| Free cash flow | $91.7M | — |
| Market value | $3.9B | — |
| P/E | 21.9× | — |
| Analysts’ mean target | $570.50 | — |
Where the revenue comes from
Matrix Service
- Storage and Terminal Solutions: $123M (56%)
- Utility and Power Infrastructure: $59.1M (27%)
- Process and Industrial Facilities: $37.4M (17%)
Questions
Which is bigger, Argan or Matrix Service?
Argan is the larger company: $384M of revenue in its latest quarter (Q2 FY27) against $219M for Matrix Service (Q1 FY27).
Is Argan or Matrix Service growing faster?
Argan is growing faster (+62% against +4% a year earlier).
Which is more profitable, Argan or Matrix Service?
Argan is more profitable, with an operating margin of 14.8% against 2.0%.
More: Argan earnings · how Argan makes money · Matrix Service earnings · how Matrix Service makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 2, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.