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ARGAN INC（AGX）与Oncology Institute, Inc.（TOI）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Oncology Institute, Inc.的1.8倍（$251.2M vs $142.0M），ARGAN INC净利率更高（12.2% vs -5.3%，领先17.5%），Oncology Institute, Inc.同比增速更快（41.6% vs -2.3%），ARGAN INC自由现金流更多（$171.9M vs $2.2M），过去两年ARGAN INC的营收复合增速更高（23.5% vs 22.5%）
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。
肿瘤研究所股份有限公司是一家专注于肿瘤诊疗领域的专业医疗企业，提供循证抗癌治疗方案、临床试验参与通道及配套支持护理服务，主要面向美国境内各类癌症患者，协同医疗从业者优化诊疗效果。
AGX vs TOI — 直观对比
营收规模更大
AGX
是对方的1.8倍
$142.0M
营收增速更快
TOI
高出43.9%
-2.3%
净利率更高
AGX
高出17.5%
-5.3%
自由现金流更多
AGX
多$169.7M
$2.2M
两年增速更快
AGX
近两年复合增速
22.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $251.2M | $142.0M |
| 净利润 | $30.7M | $-7.5M |
| 毛利率 | 18.7% | — |
| 营业利润率 | 13.0% | -4.9% |
| 净利率 | 12.2% | -5.3% |
| 营收同比 | -2.3% | 41.6% |
| 净利润同比 | 9.7% | 43.0% |
| 每股收益（稀释后） | $2.17 | $-0.04 |
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AGXTOI
| Q4 25 | $251.2M | $142.0M | ||
| Q3 25 | $237.7M | $136.6M | ||
| Q2 25 | $193.7M | $119.8M | ||
| Q1 25 | $232.5M | $104.4M | ||
| Q4 24 | $257.0M | $100.3M | ||
| Q3 24 | $227.0M | $99.9M | ||
| Q2 24 | $157.7M | $98.6M | ||
| Q1 24 | $164.6M | $94.7M |
净利润AGXTOI
| Q4 25 | $30.7M | $-7.5M | ||
| Q3 25 | $35.3M | $-16.5M | ||
| Q2 25 | $22.6M | $-17.0M | ||
| Q1 25 | $31.4M | $-19.6M | ||
| Q4 24 | $28.0M | $-13.2M | ||
| Q3 24 | $18.2M | $-16.1M | ||
| Q2 24 | $7.9M | $-15.5M | ||
| Q1 24 | $12.0M | $-19.9M |
毛利率AGXTOI
| 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% | — |
营业利润率AGXTOI
| Q4 25 | 13.0% | -4.9% | ||
| Q3 25 | 12.6% | -5.9% | ||
| Q2 25 | 12.6% | -9.4% | ||
| Q1 25 | 14.1% | -9.5% | ||
| Q4 24 | 11.8% | -11.9% | ||
| Q3 24 | 8.2% | -13.9% | ||
| Q2 24 | 4.1% | -16.6% | ||
| Q1 24 | 7.1% | -19.0% |
净利率AGXTOI
| Q4 25 | 12.2% | -5.3% | ||
| Q3 25 | 14.8% | -12.1% | ||
| Q2 25 | 11.6% | -14.2% | ||
| Q1 25 | 13.5% | -18.8% | ||
| Q4 24 | 10.9% | -13.1% | ||
| Q3 24 | 8.0% | -16.1% | ||
| Q2 24 | 5.0% | -15.7% | ||
| Q1 24 | 7.3% | -21.0% |
每股收益（稀释后）AGXTOI
| Q4 25 | $2.17 | $-0.04 | ||
| Q3 25 | $2.50 | $-0.14 | ||
| Q2 25 | $1.60 | $-0.15 | ||
| Q1 25 | $2.26 | $-0.21 | ||
| Q4 24 | $2.00 | $-0.14 | ||
| Q3 24 | $1.31 | $-0.18 | ||
| Q2 24 | $0.58 | $-0.17 | ||
| Q1 24 | $0.89 | $-0.22 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $419.7M | $-15.7M |
| 总资产 | $1.1B | $164.7M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AGXTOI
| 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 | $9.9M | ||
| Q1 24 | $306.5M | $29.8M |
股东权益AGXTOI
| Q4 25 | $419.7M | $-15.7M | ||
| Q3 25 | $393.2M | $-12.3M | ||
| Q2 25 | $363.9M | $-9.0M | ||
| Q1 25 | $351.9M | $5.1M | ||
| Q4 24 | $328.7M | $3.6M | ||
| Q3 24 | $308.1M | $15.5M | ||
| Q2 24 | $293.2M | $29.2M | ||
| Q1 24 | $290.9M | $41.3M |
总资产AGXTOI
| Q4 25 | $1.1B | $164.7M | ||
| Q3 25 | $882.7M | $163.6M | ||
| Q2 25 | $792.2M | $159.8M | ||
| Q1 25 | $836.2M | $164.0M | ||
| Q4 24 | $768.9M | $172.7M | ||
| Q3 24 | $726.6M | $179.2M | ||
| Q2 24 | $624.4M | $179.6M | ||
| Q1 24 | $598.2M | $204.5M |
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 | $3.2M |
| 自由现金流经营现金流 - 资本支出 | $171.9M | $2.2M |
| 自由现金流率自由现金流/营收 | 68.4% | 1.5% |
| 资本支出强度资本支出/营收 | 0.2% | 0.7% |
| 现金转化率经营现金流/净利润 | 5.61× | — |
| 过去12个月自由现金流最近4个季度 | $283.0M | $-27.8M |
8季度趋势，按日历期对齐
经营现金流AGXTOI
| Q4 25 | $172.5M | $3.2M | ||
| Q3 25 | $34.6M | $-12.6M | ||
| Q2 25 | $35.3M | $-10.2M | ||
| Q1 25 | $44.6M | $-5.0M | ||
| Q4 24 | $31.8M | $4.2M | ||
| Q3 24 | $73.5M | $819.0K | ||
| Q2 24 | $17.7M | $-15.7M | ||
| Q1 24 | $24.6M | $-15.9M |
自由现金流AGXTOI
| Q4 25 | $171.9M | $2.2M | ||
| Q3 25 | $32.9M | $-13.2M | ||
| Q2 25 | $34.9M | $-11.4M | ||
| Q1 25 | $43.3M | $-5.3M | ||
| Q4 24 | $29.2M | $2.4M | ||
| Q3 24 | $71.1M | $417.0K | ||
| Q2 24 | $17.4M | $-17.5M | ||
| Q1 24 | $24.0M | $-16.5M |
自由现金流率AGXTOI
| Q4 25 | 68.4% | 1.5% | ||
| Q3 25 | 13.8% | -9.7% | ||
| Q2 25 | 18.0% | -9.5% | ||
| Q1 25 | 18.6% | -5.1% | ||
| Q4 24 | 11.4% | 2.4% | ||
| Q3 24 | 31.3% | 0.4% | ||
| Q2 24 | 11.0% | -17.7% | ||
| Q1 24 | 14.6% | -17.4% |
资本支出强度AGXTOI
| Q4 25 | 0.2% | 0.7% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.6% | 0.3% | ||
| Q4 24 | 1.0% | 1.8% | ||
| Q3 24 | 1.0% | 0.4% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | 0.4% | 0.6% |
现金转化率AGXTOI
| 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× | — |
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% |
TOI
| Other | $82.1M | 58% |
| Fee For Service | $36.3M | 26% |
| Capitated Revenue | $23.6M | 17% |
