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ARGAN INC（AGX）与Limbach Holdings, Inc.（LMB）财务数据对比。点击上方公司名可切换其他公司
ARGAN INC的季度营收约是Limbach Holdings, Inc.的1.3倍（$251.2M vs $186.9M）。ARGAN INC净利率更高（12.2% vs 6.6%，领先5.7%）。Limbach Holdings, Inc.同比增速更快（30.1% vs -2.3%）。ARGAN INC自由现金流更多（$171.9M vs $27.9M）。过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% vs 23.5%）
Argan Inc.是一家控股企业，主营工程设计、施工建设、项目管理及咨询服务，核心业务覆盖发电、电信、工业基建与可再生能源领域，主要服务北美地区的公营及私营部门客户。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
AGX vs LMB — 直观对比
营收规模更大
AGX
是对方的1.3倍
$186.9M
营收增速更快
LMB
高出32.4%
-2.3%
净利率更高
AGX
高出5.7%
6.6%
自由现金流更多
AGX
多$144.0M
$27.9M
两年增速更快
LMB
近两年复合增速
23.5%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $251.2M | $186.9M |
| 净利润 | $30.7M | $12.3M |
| 毛利率 | 18.7% | 25.7% |
| 营业利润率 | 13.0% | 9.4% |
| 净利率 | 12.2% | 6.6% |
| 营收同比 | -2.3% | 30.1% |
| 净利润同比 | 9.7% | 25.0% |
| 每股收益（稀释后） | $2.17 | $1.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AGXLMB
| Q4 25 | $251.2M | $186.9M | ||
| Q3 25 | $237.7M | $184.6M | ||
| Q2 25 | $193.7M | $142.2M | ||
| Q1 25 | $232.5M | $133.1M | ||
| Q4 24 | $257.0M | $143.7M | ||
| Q3 24 | $227.0M | $133.9M | ||
| Q2 24 | $157.7M | $122.2M | ||
| Q1 24 | $164.6M | $119.0M |
净利润AGXLMB
| Q4 25 | $30.7M | $12.3M | ||
| Q3 25 | $35.3M | $8.8M | ||
| Q2 25 | $22.6M | $7.8M | ||
| Q1 25 | $31.4M | $10.2M | ||
| Q4 24 | $28.0M | $9.8M | ||
| Q3 24 | $18.2M | $7.5M | ||
| Q2 24 | $7.9M | $6.0M | ||
| Q1 24 | $12.0M | $7.6M |
毛利率AGXLMB
| Q4 25 | 18.7% | 25.7% | ||
| Q3 25 | 18.6% | 24.2% | ||
| Q2 25 | 19.0% | 28.0% | ||
| Q1 25 | 20.5% | 27.6% | ||
| Q4 24 | 17.2% | 30.3% | ||
| Q3 24 | 13.7% | 27.0% | ||
| Q2 24 | 11.4% | 27.4% | ||
| Q1 24 | 14.4% | 26.1% |
营业利润率AGXLMB
| Q4 25 | 13.0% | 9.4% | ||
| Q3 25 | 12.6% | 7.2% | ||
| Q2 25 | 12.6% | 7.5% | ||
| Q1 25 | 14.1% | 5.9% | ||
| Q4 24 | 11.8% | 9.1% | ||
| Q3 24 | 8.2% | 8.1% | ||
| Q2 24 | 4.1% | 6.7% | ||
| Q1 24 | 7.1% | 5.5% |
净利率AGXLMB
| Q4 25 | 12.2% | 6.6% | ||
| Q3 25 | 14.8% | 4.8% | ||
| Q2 25 | 11.6% | 5.5% | ||
| Q1 25 | 13.5% | 7.7% | ||
| Q4 24 | 10.9% | 6.9% | ||
| Q3 24 | 8.0% | 5.6% | ||
| Q2 24 | 5.0% | 4.9% | ||
| Q1 24 | 7.3% | 6.4% |
每股收益（稀释后）AGXLMB
| Q4 25 | $2.17 | $1.01 | ||
| Q3 25 | $2.50 | $0.73 | ||
| Q2 25 | $1.60 | $0.64 | ||
| Q1 25 | $2.26 | $0.85 | ||
| Q4 24 | $2.00 | $0.81 | ||
| Q3 24 | $1.31 | $0.62 | ||
| Q2 24 | $0.58 | $0.50 | ||
| Q1 24 | $0.89 | $0.64 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $423.7M | $11.3M |
| 总债务越低越好 | — | $30.5M |
| 股东权益账面价值 | $419.7M | $195.7M |
| 总资产 | $1.1B | $381.1M |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资AGXLMB
| Q4 25 | $423.7M | $11.3M | ||
| Q3 25 | $275.5M | $9.8M | ||
| Q2 25 | $304.3M | $38.9M | ||
| Q1 25 | $298.4M | $38.1M | ||
| Q4 24 | $299.8M | $44.9M | ||
| Q3 24 | $302.0M | $51.2M | ||
| Q2 24 | $291.8M | $59.5M | ||
| Q1 24 | $306.5M | $48.2M |
总债务AGXLMB
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $19.4M |
股东权益AGXLMB
| Q4 25 | $419.7M | $195.7M | ||
| Q3 25 | $393.2M | $181.6M | ||
| Q2 25 | $363.9M | $170.5M | ||
| Q1 25 | $351.9M | $161.1M | ||
| Q4 24 | $328.7M | $153.5M | ||
| Q3 24 | $308.1M | $142.2M | ||
| Q2 24 | $293.2M | $133.0M | ||
| Q1 24 | $290.9M | $125.5M |
总资产AGXLMB
| Q4 25 | $1.1B | $381.1M | ||
| Q3 25 | $882.7M | $409.1M | ||
| Q2 25 | $792.2M | $343.0M | ||
| Q1 25 | $836.2M | $336.4M | ||
| Q4 24 | $768.9M | $352.1M | ||
| Q3 24 | $726.6M | $324.4M | ||
| Q2 24 | $624.4M | $303.9M | ||
| Q1 24 | $598.2M | $289.2M |
负债/权益比AGXLMB
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $172.5M | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $171.9M | $27.9M |
| 自由现金流率自由现金流/营收 | 68.4% | 14.9% |
| 资本支出强度资本支出/营收 | 0.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 5.61× | 2.29× |
| 过去12个月自由现金流最近4个季度 | $283.0M | $41.9M |
8季度趋势，按日历期对齐
经营现金流AGXLMB
| Q4 25 | $172.5M | $28.1M | ||
| Q3 25 | $34.6M | $13.3M | ||
| Q2 25 | $35.3M | $2.0M | ||
| Q1 25 | $44.6M | $2.2M | ||
| Q4 24 | $31.8M | $19.3M | ||
| Q3 24 | $73.5M | $4.9M | ||
| Q2 24 | $17.7M | $16.5M | ||
| Q1 24 | $24.6M | $-3.9M |
自由现金流AGXLMB
| Q4 25 | $171.9M | $27.9M | ||
| Q3 25 | $32.9M | $12.8M | ||
| Q2 25 | $34.9M | $1.2M | ||
| Q1 25 | $43.3M | $11.0K | ||
| Q4 24 | $29.2M | $18.0M | ||
| Q3 24 | $71.1M | $4.6M | ||
| Q2 24 | $17.4M | $13.2M | ||
| Q1 24 | $24.0M | $-6.5M |
自由现金流率AGXLMB
| Q4 25 | 68.4% | 14.9% | ||
| Q3 25 | 13.8% | 7.0% | ||
| Q2 25 | 18.0% | 0.8% | ||
| Q1 25 | 18.6% | 0.0% | ||
| Q4 24 | 11.4% | 12.5% | ||
| Q3 24 | 31.3% | 3.4% | ||
| Q2 24 | 11.0% | 10.8% | ||
| Q1 24 | 14.6% | -5.5% |
资本支出强度AGXLMB
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.7% | 0.3% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.6% | 1.7% | ||
| Q4 24 | 1.0% | 0.9% | ||
| Q3 24 | 1.0% | 0.3% | ||
| Q2 24 | 0.2% | 2.7% | ||
| Q1 24 | 0.4% | 2.1% |
现金转化率AGXLMB
| Q4 25 | 5.61× | 2.29× | ||
| Q3 25 | 0.98× | 1.52× | ||
| Q2 25 | 1.57× | 0.26× | ||
| Q1 25 | 1.42× | 0.22× | ||
| Q4 24 | 1.13× | 1.96× | ||
| Q3 24 | 4.04× | 0.66× | ||
| Q2 24 | 2.24× | 2.77× | ||
| Q1 24 | 2.05× | -0.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AGX
| Power Industry Services | $195.5M | 78% |
| Industrial Construction Services | $49.4M | 20% |
| Telecommunications Infrastructure Services | $6.3M | 3% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
