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Argan Inc. (NYSE:AGX) is one of the best engineering stocks to buy in 2026. On March 26, Argan announced financial results for FQ4 2026, driven by a surge in demand for power infrastructure. Quarterly revenues rose 12.7% to $262.1 million, while full-year revenues reached $944.6 million. This growth was accompanied by an expansion in profitability, with quarterly net income climbing to $49.2 million ($3.47 per diluted share) and annual net income reaching $137.8 million ($9.74 per diluted share).
The company attributes this success to strong project execution, including the early completion of major projects like the Trumbull Energy Center. The company’s project backlog reached a record $2.9 billion at year-end, more than doubling the $1.4 billion reported the previous year. This massive growth includes $2.5 billion in new contract value added during fiscal 2026.
Financially, Argan remains in a very strong position with zero debt and a cash, equivalents, and investment balance that grew to $895.0 million by year-end. Net liquidity also increased to $421.0 million. As Argan Inc. (NYSE:AGX) enters its 20th year of building power plants, the firm expects to maintain its disciplined approach to project delivery while continuing to drive revenue growth and profitability.
Argan Inc. (NYSE:AGX) provides engineering, procurement, and construction services to the power industry, specializing in natural gas and renewable energy facilities. Through its subsidiaries, it also offers industrial fabrication, plant maintenance, and teledata infrastructure services.
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