Argan, Inc.

NYSE:AGX Stock Report

Market Cap: US$4.4b

Argan Management

Management criteria checks 3/4

Argan's CEO is David Watson, appointed in Aug 2022, has a tenure of 3.33 years. total yearly compensation is $2.26M, comprised of 19.4% salary and 80.6% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth $14.87M. The average tenure of the management team and the board of directors is 2.6 years and 11.1 years respectively.

Key information

David Watson

Chief executive officer

US$2.3m

Total compensation

CEO salary percentage19.36%
CEO tenure3.3yrs
CEO ownership0.3%
Management average tenure2.6yrs
Board average tenure11.1yrs

Recent management updates

Recent updates

Argan: Q3 Revenue Dipped, But The Real Story Is Backlog And Strong Margins

Dec 09

Optimistic Investors Push Argan, Inc. (NYSE:AGX) Shares Up 25% But Growth Is Lacking

Nov 22
Optimistic Investors Push Argan, Inc. (NYSE:AGX) Shares Up 25% But Growth Is Lacking

Earnings Not Telling The Story For Argan, Inc. (NYSE:AGX) After Shares Rise 27%

Oct 08
Earnings Not Telling The Story For Argan, Inc. (NYSE:AGX) After Shares Rise 27%

Are Argan, Inc. (NYSE:AGX) Investors Paying Above The Intrinsic Value?

Jul 15
Are Argan, Inc. (NYSE:AGX) Investors Paying Above The Intrinsic Value?

If EPS Growth Is Important To You, Argan (NYSE:AGX) Presents An Opportunity

Jun 28
If EPS Growth Is Important To You, Argan (NYSE:AGX) Presents An Opportunity

Weekly Picks: 📊 OXY's Diversification Strategy, AGX's Tailwinds, and SAP's Valuation Risks

Jun 10
Weekly Picks: 📊 OXY's Diversification Strategy, AGX's Tailwinds, and SAP's Valuation Risks

OXY's

Jun 10
OXY's
User avatar

Argan's Revenue Set to Soar with a 13.31% Growth in the Coming Decade

Material and Labor InflationConstruction material costs (steel, concrete, lumber) have risen 15–20% since 2020 due to supply chain disruptions and tariffs. For AGX, which relies on these inputs for po

Market Participants Recognise Argan, Inc.'s (NYSE:AGX) Earnings Pushing Shares 34% Higher

May 27
Market Participants Recognise Argan, Inc.'s (NYSE:AGX) Earnings Pushing Shares 34% Higher

We Like Argan's (NYSE:AGX) Returns And Here's How They're Trending

May 22
We Like Argan's (NYSE:AGX) Returns And Here's How They're Trending

Argan: Don't Be Fooled Into Buying This Dip

Apr 18

Earnings Tell The Story For Argan, Inc. (NYSE:AGX) As Its Stock Soars 29%

Apr 12
Earnings Tell The Story For Argan, Inc. (NYSE:AGX) As Its Stock Soars 29%

Don't Jump The Gun, As Argan Offers Little Upside At Current Valuation

Mar 20

Argan, Inc.'s (NYSE:AGX) 25% Cheaper Price Remains In Tune With Earnings

Feb 26
Argan, Inc.'s (NYSE:AGX) 25% Cheaper Price Remains In Tune With Earnings

Argan: Promising Long-Term Prospects, Maintain Buy

Feb 10

Argan, Inc.'s (NYSE:AGX) Intrinsic Value Is Potentially 94% Above Its Share Price

Feb 06
Argan, Inc.'s (NYSE:AGX) Intrinsic Value Is Potentially 94% Above Its Share Price

Argan: You May Get Burned Buying This Peak

Jan 08

Why We're Not Concerned About Argan, Inc.'s (NYSE:AGX) Share Price

Jan 04
Why We're Not Concerned About Argan, Inc.'s (NYSE:AGX) Share Price

Argan Is A Bargain; Worrying About Backlog Is Missing The Bigger Picture

Dec 06

Argan: AI Beneficiary Not Yet Fully Discovered

Nov 26

Argan's (NYSE:AGX) Returns On Capital Are Heading Higher

Nov 22
Argan's (NYSE:AGX) Returns On Capital Are Heading Higher

CEO Compensation Analysis

How has David Watson's remuneration changed compared to Argan's earnings?
DateTotal CompensationSalaryCompany Earnings
Oct 31 2025n/an/a

US$120m

Jul 31 2025n/an/a

US$117m

Apr 30 2025n/an/a

US$100m

Jan 31 2025US$2mUS$438k

US$85m

Oct 31 2024n/an/a

US$66m

Jul 31 2024n/an/a

US$44m

Apr 30 2024n/an/a

US$38m

Jan 31 2024US$2mUS$400k

US$32m

Oct 31 2023n/an/a

US$34m

Jul 31 2023n/an/a

US$36m

Apr 30 2023n/an/a

US$28m

Jan 31 2023US$1mUS$305k

US$33m

Oct 31 2022n/an/a

US$22m

Jul 31 2022n/an/a

US$26m

Apr 30 2022n/an/a

US$35m

Jan 31 2022US$2mUS$223k

US$38m

Oct 31 2021n/an/a

US$46m

Jul 31 2021n/an/a

US$43m

Apr 30 2021n/an/a

US$35m

Jan 31 2021US$863kUS$200k

US$24m

Oct 31 2020n/an/a

US$7m

Jul 31 2020n/an/a

-US$9m

Apr 30 2020n/an/a

-US$14m

Jan 31 2020US$1mUS$200k

-US$43m

Oct 31 2019n/an/a

-US$38m

Jul 31 2019n/an/a

US$2m

Apr 30 2019n/an/a

US$17m

Jan 31 2019US$948kUS$200k

US$52m

Compensation vs Market: David's total compensation ($USD2.26M) is below average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.

CEO

David Watson (50 yo)

3.3yrs
Tenure
US$2,259,258
Compensation

Mr. David Hibbert Watson, CPA, is Chief Executive Officer, President and Director at Argan, Inc. since August 16, 2022. He had been the Chief Financial Officer at Argan, Inc. since October 15, 2015 until A...

Leadership Team

NamePositionTenureCompensationOwnership
David Watson
CEO, President & Director3.3yrsUS$2.26m0.34%
$ 14.9m
Joshua Baugher
Senior VP1.3yrsUS$1.21m0.0089%
$ 389.5k
Charles Collins
Chief Executive Officer of Gemma Power Systems4.1yrsUS$4.71m0.15%
$ 6.6m
Michael Hundley
Senior VP of Legal & Corporate Secretary1.9yrsno datano data
Terrence Trebilcock
President of Gemma Power Systems4.1yrsUS$1.63mno data
Brian Orlandi
CEO of SMC Infrastructure Solutions (SMCiS)less than a yearno datano data
2.6yrs
Average Tenure
49yo
Average Age

Experienced Management: AGX's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Watson
CEO, President & Director3.3yrsUS$2.26m0.34%
$ 14.9m
William Leimkuhler
Independent Chairman18.5yrsUS$160.98k0.31%
$ 13.5m
James Quinn
Lead Independent Director22.6yrsUS$95.98k0.37%
$ 16.2m
Karen Sweeney
Independent Director1.5yrsUS$178.48k0.0095%
$ 414.9k
Peter Getsinger
Independent Director11.1yrsUS$101.98k0.085%
$ 3.7m
William Griffin
Director13.7yrsUS$3.03m1.02%
$ 44.5m
Cynthia Flanders
Independent Director16.7yrsUS$101.98k0.14%
$ 6.0m
John Jeffrey
Independent Director8.5yrsUS$111.98k0.11%
$ 4.8m
Lisa M. Alexander
Independent Directorless than a yearno datano data
11.1yrs
Average Tenure
70yo
Average Age

Experienced Board: AGX's board of directors are seasoned and experienced ( 11.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/31 18:08
End of Day Share Price 2025/12/31 00:00
Earnings2025/10/31
Annual Earnings2025/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Argan, Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MooreCJS Securities, Inc.
Drew ChamberlainJ.P. Morgan
Michael FairbanksJ.P. Morgan