Filing Flows › Comparisons › AMRC vs AGX
Ameresco vs Argan: AMRC and AGX compared
Ameresco is the larger company: $515M of revenue in its latest quarter (Q2 2026) against $384M for Argan (Q2 FY27). Argan is growing faster (+62% against +9% a year earlier). Argan is more profitable, with an operating margin of 14.8% against 8.6%.
Where the money goes: AMRC and AGX
Ameresco (AMRC) · Q2 2026
Ameresco, Q2 2026: revenue $515M (+9% year over year), operating margin 8.6%, net earnings $9.7M, operating cash flow −$107M. The chart follows the revenue to costs, profit and cash.
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.
| Ameresco (AMRC) | Argan (AGX) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 FY27 |
| Revenue | $515M | $384M |
| Revenue growth, Y/Y | +9% | +62% |
| Gross margin | 17.7% | 19.3% |
| Operating margin | 8.6% | 14.8% |
| Net earnings | $9.7M | $53.3M |
| Net margin | 1.9% | 13.9% |
| Operating cash flow | −$107M | $97.0M |
| Free cash flow | — | $91.7M |
| Market value | $1.2B | $3.9B |
| P/E | 21.3× | 21.9× |
| Analysts’ mean target | $41.40 | $570.50 |
Where the revenue comes from
Ameresco
- North America Regions: $197M (38%)
- Europe: $156M (30%)
- U.S. Federal: $92.6M (18%)
- Renewable Fuels: $54.2M (11%)
Questions
Which is bigger, Ameresco or Argan?
Ameresco is the larger company: $515M of revenue in its latest quarter (Q2 2026) against $384M for Argan (Q2 FY27).
Is Ameresco or Argan growing faster?
Argan is growing faster (+62% against +9% a year earlier).
Which is more profitable, Ameresco or Argan?
Argan is more profitable, with an operating margin of 14.8% against 8.6%.
More: Ameresco earnings · how Ameresco makes money · Argan earnings · how Argan makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.