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Legence vs Argan: LGN and AGX compared
Legence is the larger company: $1.3B of revenue in its latest quarter (Q2 2026) against $384M for Argan (Q2 FY27). Legence is growing faster (+111% against +62% a year earlier). Argan is more profitable, with an operating margin of 14.8% against -0.5%.
Where the money goes: LGN and AGX
Legence (LGN) · Q2 2026
Legence, Q2 2026: revenue $1.3B (+111% year over year), operating margin -0.5%, net loss $34.6M, operating cash flow $74.4M. 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.
| Legence (LGN) | Argan (AGX) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 FY27 |
| Revenue | $1.3B | $384M |
| Revenue growth, Y/Y | +111% | +62% |
| Gross margin | — | 19.3% |
| Operating margin | -0.5% | 14.8% |
| Net earnings | −$34.6M | $53.3M |
| Net margin | -2.7% | 13.9% |
| Operating cash flow | $74.4M | $97.0M |
| Free cash flow | $50.3M | $91.7M |
| Market value | $2.2B | $3.9B |
| P/E | — | 21.9× |
| Analysts’ mean target | $94.35 | $570.50 |
Where the revenue comes from
Legence
- Installation & Maintenance: $1.1B (84%)
- Engineering & Consulting: $207M (16%)
Questions
Which is bigger, Legence or Argan?
Legence is the larger company: $1.3B of revenue in its latest quarter (Q2 2026) against $384M for Argan (Q2 FY27).
Is Legence or Argan growing faster?
Legence is growing faster (+111% against +62% a year earlier).
Which is more profitable, Legence or Argan?
Argan is more profitable, with an operating margin of 14.8% against -0.5%.
More: Legence earnings · how Legence makes money · Argan earnings · how Argan makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.