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Argan vs SolarMax Technology: revenue, profit, margins and growth compared

Argan brought in $944.6M of revenue in fiscal 2026, SolarMax Technology $91M in fiscal 2025. Revenue changed by +8.1% at Argan and +295.8% at SolarMax Technology on the year before, so SolarMax Technology grew faster. Argan kept 14.6% of its revenue as net profit, SolarMax Technology -7.0%.

Side by side, latest fiscal year

AGXSMXT
Fiscal year endedFY2026 (January 31, 2026)FY2025 (December 31, 2025)
Revenue$944.6M$91M
Revenue growth+8.1%+295.8%
Net income$137.8M-$6.3M
Net margin14.6%-7.0%
Free cash flow$410.8Mn/a
Free cash flow margin43.5%n/a
Earnings per share (diluted)$9.74-$0.13
Cash$339.5M$8M
Debtn/an/a
Price to earnings37.4n/a
Market value$5.1B$11M
Dividend yield0.48%n/a
Rank by revenue in sector#477 of 955 · Consumer discretionary#722 of 955 · 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: $944.6MSMXT FY2023: $44.7MSMXT FY2023: $54.1MSMXT FY2024: $23MSMXT FY2025: $91MFY18FY19FY21FY22FY23FY24FY25FY26
AGX $944.6MSMXT $91M
Net income
AGX FY2018: $52MAGX FY2019: -$42.7MAGX FY2021: $23.9MAGX FY2022: $38.2MAGX FY2023: $33.1MAGX FY2024: $32.4MAGX FY2025: $85.5MAGX FY2026: $137.8MSMXT FY2023: -$6.9MSMXT FY2023: $434.8KSMXT FY2024: -$35MSMXT FY2025: -$6.3MFY18FY19FY21FY22FY23FY24FY25FY26
AGX $137.8MSMXT -$6.3M
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%SMXT FY2023: -15.4%SMXT FY2023: 0.8%SMXT FY2024: -152.1%SMXT FY2025: -7.0%FY18FY19FY21FY22FY23FY24FY25FY26
AGX 14.6%SMXT -7.0%
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%SMXT FY2023: +21.1%SMXT FY2024: -57.5%SMXT FY2025: +295.8%FY19FY21FY22FY23FY24FY25FY26
AGX +8.1%SMXT +295.8%
Free cash flow
AGX FY2018: -$120.9MAGX FY2019: $46.5MAGX FY2021: $174.3MAGX FY2022: $27MAGX FY2023: -$33.4MAGX FY2024: $114.1MAGX FY2025: $161MAGX FY2026: $410.8MSMXT FY2023: -$2.1MSMXT FY2023: $4.1MSMXT FY2024: -$9.1MFY18FY19FY21FY22FY23FY24FY25FY26
AGX $410.8MSMXT -$9.1M

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

Questions about Argan and SolarMax Technology

Which is bigger by revenue, Argan or SolarMax Technology?

Argan is bigger by revenue: $944.6M in fiscal 2026, against $91M for SolarMax Technology in fiscal 2025.

Which keeps more of its revenue as profit, Argan or SolarMax Technology?

Argan had a net margin of 14.6% in fiscal 2026; SolarMax Technology had -7.0% in fiscal 2025.

Which grew revenue faster, Argan or SolarMax Technology?

In their latest fiscal years revenue changed by +8.1% at Argan and +295.8% at SolarMax Technology.

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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