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Side-by-side financial comparison of ARGAN INC (AGX) and Founder Group Ltd (FGL). Click either name above to swap in a different company.

ARGAN INC is the larger business by last-quarter revenue ($251.2M vs $18, roughly 13952944.4× Founder Group Ltd). ARGAN INC runs the higher net margin — 12.2% vs -9510122.2%, a 9510134.5% gap on every dollar of revenue.

Argan Inc. is a diversified holding company that provides comprehensive engineering, construction, project management and consulting services. Its core operating segments focus on power generation, telecommunications, industrial infrastructure and renewable energy projects, primarily serving public and private sector clients across North America.

Founder Group (方正集团) is a major Chinese technology conglomerate that deals with information technology, pharmaceuticals, real estate, finance, and commodities trading. It is divided into five major industry groups, each covering a separate industry: PKU Founder IT Group (IT), PKU Healthcare Group, PKU Resource Group, Founder Financial (finance), and Founder Commodities. The group has been coping with bankruptcy since 2020, when the Beijing No.1 Intermediate People's Court announced the recogn...

AGX vs FGL — Head-to-Head

Bigger by revenue
AGX
AGX
13952944.4× larger
AGX
$251.2M
$18
FGL
Higher net margin
AGX
AGX
9510134.5% more per $
AGX
12.2%
-9510122.2%
FGL

Income Statement — Q3 2026 vs Q2 2025

Metric
AGX
AGX
FGL
FGL
Revenue
$251.2M
$18
Net Profit
$30.7M
$-1.7M
Gross Margin
18.7%
Operating Margin
13.0%
-5234838.9%
Net Margin
12.2%
-9510122.2%
Revenue YoY
-2.3%
Net Profit YoY
9.7%
EPS (diluted)
$2.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AGX
AGX
FGL
FGL
Q4 25
$251.2M
Q3 25
$237.7M
Q2 25
$193.7M
$18
Q1 25
$232.5M
Q4 24
$257.0M
Q3 24
$227.0M
Q2 24
$157.7M
Q1 24
$164.6M
Net Profit
AGX
AGX
FGL
FGL
Q4 25
$30.7M
Q3 25
$35.3M
Q2 25
$22.6M
$-1.7M
Q1 25
$31.4M
Q4 24
$28.0M
Q3 24
$18.2M
Q2 24
$7.9M
Q1 24
$12.0M
Gross Margin
AGX
AGX
FGL
FGL
Q4 25
18.7%
Q3 25
18.6%
Q2 25
19.0%
Q1 25
20.5%
Q4 24
17.2%
Q3 24
13.7%
Q2 24
11.4%
Q1 24
14.4%
Operating Margin
AGX
AGX
FGL
FGL
Q4 25
13.0%
Q3 25
12.6%
Q2 25
12.6%
-5234838.9%
Q1 25
14.1%
Q4 24
11.8%
Q3 24
8.2%
Q2 24
4.1%
Q1 24
7.1%
Net Margin
AGX
AGX
FGL
FGL
Q4 25
12.2%
Q3 25
14.8%
Q2 25
11.6%
-9510122.2%
Q1 25
13.5%
Q4 24
10.9%
Q3 24
8.0%
Q2 24
5.0%
Q1 24
7.3%
EPS (diluted)
AGX
AGX
FGL
FGL
Q4 25
$2.17
Q3 25
$2.50
Q2 25
$1.60
Q1 25
$2.26
Q4 24
$2.00
Q3 24
$1.31
Q2 24
$0.58
Q1 24
$0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGX
AGX
FGL
FGL
Cash + ST InvestmentsLiquidity on hand
$423.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$419.7M
$4.1M
Total Assets
$1.1B
$29.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGX
AGX
FGL
FGL
Q4 25
$423.7M
Q3 25
$275.5M
Q2 25
$304.3M
Q1 25
$298.4M
Q4 24
$299.8M
Q3 24
$302.0M
Q2 24
$291.8M
Q1 24
$306.5M
Stockholders' Equity
AGX
AGX
FGL
FGL
Q4 25
$419.7M
Q3 25
$393.2M
Q2 25
$363.9M
$4.1M
Q1 25
$351.9M
Q4 24
$328.7M
Q3 24
$308.1M
Q2 24
$293.2M
Q1 24
$290.9M
Total Assets
AGX
AGX
FGL
FGL
Q4 25
$1.1B
Q3 25
$882.7M
Q2 25
$792.2M
$29.0M
Q1 25
$836.2M
Q4 24
$768.9M
Q3 24
$726.6M
Q2 24
$624.4M
Q1 24
$598.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AGX
AGX
FGL
FGL
Operating Cash FlowLast quarter
$172.5M
Free Cash FlowOCF − Capex
$171.9M
FCF MarginFCF / Revenue
68.4%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
5.61×
TTM Free Cash FlowTrailing 4 quarters
$283.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGX
AGX
FGL
FGL
Q4 25
$172.5M
Q3 25
$34.6M
Q2 25
$35.3M
Q1 25
$44.6M
Q4 24
$31.8M
Q3 24
$73.5M
Q2 24
$17.7M
Q1 24
$24.6M
Free Cash Flow
AGX
AGX
FGL
FGL
Q4 25
$171.9M
Q3 25
$32.9M
Q2 25
$34.9M
Q1 25
$43.3M
Q4 24
$29.2M
Q3 24
$71.1M
Q2 24
$17.4M
Q1 24
$24.0M
FCF Margin
AGX
AGX
FGL
FGL
Q4 25
68.4%
Q3 25
13.8%
Q2 25
18.0%
Q1 25
18.6%
Q4 24
11.4%
Q3 24
31.3%
Q2 24
11.0%
Q1 24
14.6%
Capex Intensity
AGX
AGX
FGL
FGL
Q4 25
0.2%
Q3 25
0.7%
Q2 25
0.2%
Q1 25
0.6%
Q4 24
1.0%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.4%
Cash Conversion
AGX
AGX
FGL
FGL
Q4 25
5.61×
Q3 25
0.98×
Q2 25
1.57×
Q1 25
1.42×
Q4 24
1.13×
Q3 24
4.04×
Q2 24
2.24×
Q1 24
2.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AGX
AGX

Power Industry Services$195.5M78%
Industrial Construction Services$49.4M20%
Telecommunications Infrastructure Services$6.3M3%

FGL
FGL

Segment breakdown not available.

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