Argan, Inc. has emerged as the stronger investment compared to Primoris Services Corporation, according to a Zacks Investment Research analysis. Argan reported record first-quarter fiscal 2027 revenues of $291 million, a 50% year-over-year increase, with earnings per share surging 102.5% to $3.24, while its backlog grew 49.1% to $2.77 billion. In contrast, Primoris saw first-quarter 2026 consolidated revenues decline 5.4% year over year and faces near-term headwinds including execution challenges on legacy renewable projects and downward earnings estimate revisions. Argan holds a Zacks Rank #1 (Strong Buy) and a trailing 12-month return on equity of 36.89%, significantly above Primoris, which carries a Zacks Rank #5 (Strong Sell). The analysis concludes that Argan's superior execution, stronger balance sheet with no debt and $973.6 million in cash and investments, and positive estimate revisions justify its premium valuation and offer a more compelling risk-reward profile.
Argan IncRecord revenues, surging EPS, strong backlog growth, and positive estimate revisions make Argan a Strong Buy.
Primoris Services CorporationRevenue decline, execution challenges on renewable projects, downward estimate revisions, and a Strong Sell rating.