Argan vs IES
IES reported revenue of $3.4 billion in fiscal 2025, 3.6 times Argan's $945 million in fiscal 2026. Argan's revenue grew 8.1% in its latest year, and IES's grew 16.9%. Argan had an operating margin of 14.3%, against 11.4% at IES. Free cash flow was $411 million at Argan and $219 million at IES. Their fiscal years end in different months (January 31 and September 30), so the periods don't line up exactly.
Side by side
| Argan | IES | |
|---|---|---|
| Latest fiscal year | FY2026, Jan 31, 2026 | FY2025, Sep 30, 2025 |
| Revenue | $945M | $3.4B |
| Revenue growth | 8.1% | 16.9% |
| Revenue growth a year, last 5 years | 19.2% | 23.1% |
| Gross margin | 20.5% | 25.5% |
| Operating margin | 14.3% | 11.4% |
| Net margin | 14.6% | 9.1% |
| Free cash flow | $411M | $219M |
| Free cash flow margin | 43.5% | 6.5% |
| Return on capital | — | 50.5% |
| Net debt to EBITDA | — | −0.5x |
| Dividends and buybacks | $34M | $42M |
| Change in diluted share count | 1.7% | −1.1% |
| Last close | $277.50 | $158.45 |
| P/E at the last close | 22.0× | 7.0× |
| Insider trades, last 12 months | sold $146.8 million | sold $255.8 million |
| Piotroski F-score | — | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ArganIES
Operating margin
Percent of revenue
ArganIES
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ArganIES