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Argan vs Matrix Service: revenue, profit, margins and growth compared

Argan brought in $944.6M of revenue in fiscal 2026, Matrix Service $873.6M in fiscal 2026. Revenue changed by +8.1% at Argan and +13.6% at Matrix Service on the year before, so Matrix Service grew faster. Argan kept 14.6% of its revenue as net profit, Matrix Service -0.3%. Free cash flow was $410.8M at Argan and $1.4M at Matrix Service.

Side by side, latest fiscal year

AGXMTRX
Fiscal year endedFY2026 (January 31, 2026)FY2026 (June 30, 2026)
Revenue$944.6M$873.6M
Revenue growth+8.1%+13.6%
Net income$137.8M-$2.6M
Net margin14.6%-0.3%
Free cash flow$410.8M$1.4M
Free cash flow margin43.5%0.2%
Earnings per share (diluted)$9.74-$0.09
Cash$339.5M$223M
Debtn/an/a
Price to earnings37.4n/a
Market value$5.1B$274M
Dividend yield0.48%n/a
Rank by revenue in sector#473 of 778 · Consumer discretionary#484 of 778 · Consumer discretionary

Over the years

Revenue
AGX FY2018: $482.2MAGX FY2019: $239MAGX FY2021: $392.2MAGX FY2022: $509.4MAGX FY2023: $455MAGX FY2024: $573.3MAGX FY2025: $874.2MAGX FY2026: $944.6MMTRX FY2019: $1.4BMTRX FY2020: $1.1BMTRX FY2021: $673.4MMTRX FY2022: $707.8MMTRX FY2023: $795MMTRX FY2024: $728.2MMTRX FY2025: $769.3MMTRX FY2026: $873.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AGX $944.6MMTRX $873.6M
Net income
AGX FY2018: $52MAGX FY2019: -$42.7MAGX FY2021: $23.9MAGX FY2022: $38.2MAGX FY2023: $33.1MAGX FY2024: $32.4MAGX FY2025: $85.5MAGX FY2026: $137.8MMTRX FY2019: $28MMTRX FY2020: -$33.1MMTRX FY2021: -$31.2MMTRX FY2022: -$63.9MMTRX FY2023: -$52.4MMTRX FY2024: -$25MMTRX FY2025: -$29.5MMTRX FY2026: -$2.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AGX $137.8MMTRX -$2.6M
Net margin
AGX FY2018: 10.8%AGX FY2019: -17.9%AGX FY2021: 6.1%AGX FY2022: 7.5%AGX FY2023: 7.3%AGX FY2024: 5.6%AGX FY2025: 9.8%AGX FY2026: 14.6%MTRX FY2019: 2.0%MTRX FY2020: -3.0%MTRX FY2021: -4.6%MTRX FY2022: -9.0%MTRX FY2023: -6.6%MTRX FY2024: -3.4%MTRX FY2025: -3.8%MTRX FY2026: -0.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AGX 14.6%MTRX -0.3%
Revenue growth
AGX FY2019: -50.4%AGX FY2021: +64.1%AGX FY2022: +29.9%AGX FY2023: -10.7%AGX FY2024: +26.0%AGX FY2025: +52.5%AGX FY2026: +8.1%MTRX FY2020: -22.3%MTRX FY2021: -38.8%MTRX FY2022: +5.1%MTRX FY2023: +12.3%MTRX FY2024: -8.4%MTRX FY2025: +5.6%MTRX FY2026: +13.6%FY19FY20FY21FY22FY23FY24FY25FY26
AGX +8.1%MTRX +13.6%
Free cash flow
AGX FY2018: -$120.9MAGX FY2019: $46.5MAGX FY2021: $174.3MAGX FY2022: $27MAGX FY2023: -$33.4MAGX FY2024: $114.1MAGX FY2025: $161MAGX FY2026: $410.8MMTRX FY2019: $21.8MMTRX FY2020: $25.5MMTRX FY2021: -$7.3MMTRX FY2022: -$57.5MMTRX FY2023: $1.2MMTRX FY2024: $65.6MMTRX FY2025: $109.8MMTRX FY2026: $1.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AGX $410.8MMTRX $1.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Argan and Matrix Service

Which is bigger by revenue, Argan or Matrix Service?

Argan is bigger by revenue: $944.6M in fiscal 2026, against $873.6M for Matrix Service in fiscal 2026.

Which keeps more of its revenue as profit, Argan or Matrix Service?

Argan had a net margin of 14.6% in fiscal 2026; Matrix Service had -0.3% in fiscal 2026.

Which grew revenue faster, Argan or Matrix Service?

In their latest fiscal years revenue changed by +8.1% at Argan and +13.6% at Matrix Service.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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