AZZ Inc. (AZZ) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.69	$1.85	+9.5%	—	$448.5M	—
Q4 26	$1.22	$1.34	+9.8%	—	$385.1M	—
Q3 26	$1.48	$1.52	+2.7%	—	$425.7M	—
Q2 26	$1.57	$1.55	-1.3%	—	$417.3M	—
Q1 26	$1.59	$1.78	+11.9%	—	$422M	—
Q4 25	$0.98	$0.98	0.0%	—	$351.9M	—
Q3 25	$1.27	$1.39	+9.4%	—	$403.7M	—
Q2 25	$1.3	$1.37	+5.4%	—	$409M	—
Q1 25	$1.29	$1.46	+13.2%	—	$413.2M	—
Q4 24	$0.71	$0.93	+31.0%	—	$366.6M	—
Q3 24	$1	$1.19	+19.0%	—	$381.6M	—
Q2 24	$1.08	$1.27	+17.6%	—	$398.5M	—
Q1 24	$1.16	$1.14	-1.7%	—	$390.9M	—
Q4 23	$0.3	$0.3	0.0%	—	$336.5M	—
Q3 23	$0.79	$0.88	+11.4%	—	$373.3M	—
Q2 23	$1.38	$1.24	-10.1%	—	$406.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$10.6	—	—	$1.7B	—
FY25	—	$1.8	—	—	$1.6B	—
FY24	—	$3.48	—	—	$1.5B	—
FY23	—	-$2.47	—	—	$1.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$863.5M	$810.4M	$927.1M	$1.1B	$480.6M	$525.6M	$1.3B	$1.5B	$1.6B	$1.7B
YoY change	-2.91%	-6.15%	+14.4%	+14.5%	-54.7%	+9.37%	+151.8%	+16.2%	+2.61%	+4.58%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	863.5M	810.4M	927.1M	1.1B	480.6M	525.6M	1.3B	1.5B	1.6B	1.7B
Cost of revenue	658.2M	650.1M	728.5M	824.6M	357.7M	379.4M	1B	1.2B	1.2B	1.3B
Gross profit	205.3M	160.3M	198.6M	237.2M	122.9M	146.2M	295.9M	363.5M	382.7M	395M
Gross margin	23.8%	19.8%	21.4%	22.3%	25.6%	27.8%	22.4%	23.6%	24.3%	23.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	106.4M	112.1M	10.8M	139.3M	59.3M	66.9M	122.3M	141.9M	146.3M	130.3M
Operating expenses	106.4M	112.1M	10.8M	139.3M	59.3M	66.9M	122.3M	141.9M	146.3M	130.3M
Operating income	98.9M	48.2M	77M	98M	63.6M	79.2M	173.6M	221.6M	236.4M	264.6M
Operating margin	11.5%	5.95%	8.3%	9.23%	13.2%	15.1%	13.1%	14.4%	15%	16%
Non-operating income, net	1.1M	-3.5M	1M	-19.6M	-15.7M	175K	3.8M	15.6M	15.6M	211.3M
Pretax income	85.3M	30.9M	63M	64.9M	38.4M	73M	88.7M	130.1M	170.7M	420.3M
Income tax	24M	-14.3M	11.8M	16.7M	11.2M	23.2M	22.3M	28.5M	41.9M	103.1M
Net income	61.3M	45.2M	51.2M	48.2M	39.6M	84M	-53M	101.6M	128.8M	317.3M
Net margin	7.09%	5.57%	5.52%	4.54%	8.24%	16%	-4%	6.61%	8.17%	19.2%
EBITDA	150.4M	95.3M	188.9M	147.2M	96.1M	111.5M	252.1M	316.6M	334.2M	566M
EPS	2.35	1.74	1.97	1.84	1.53	3.38	-2.47	3.48	1.8	10.6
Diluted EPS	2.33	1.73	1.96	1.84	1.52	3.35	-2.47	3.46	1.79	10.5

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	398.5M	381.6M	366.6M	413.2M	409M	403.7M	351.9M	422M	417.3M	425.7M	385.1M	448.5M
Cost of revenue	301.3M	293.5M	285.5M	310.5M	305.5M	305.9M	273.2M	317.8M	316M	323.8M	297.5M	336.4M
Gross profit	97.2M	88.1M	81M	102.7M	103.5M	97.8M	78.7M	104.1M	101.3M	101.9M	87.6M	112.2M
Gross margin	24.4%	23.1%	22.1%	24.8%	25.3%	24.2%	22.4%	24.7%	24.3%	23.9%	22.7%	25%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	36.2M	35.3M	38.8M	32.9M	35.9M	39.2M	38.3M	34.6M	32.8M	32.5M	30.5M	35.1M
Operating expenses	36.2M	35.3M	38.8M	32.9M	35.9M	39.2M	38.3M	34.6M	32.8M	32.5M	30.5M	35.1M
Operating income	61M	52.8M	42.3M	69.7M	67.6M	58.5M	40.4M	69.5M	68.5M	69.5M	57.1M	77M
Operating margin	15.3%	13.8%	11.5%	16.9%	16.5%	14.5%	11.5%	16.5%	16.4%	16.3%	14.8%	17.2%
Non-operating income, net	1.1M	8.7M	4.4M	4M	1.9M	6.4M	3.3M	174.8M	59.5M	-1.7M	-21.3M	249K
Pretax income	34.3M	35.7M	22M	51M	47.6M	45.7M	26.3M	225.8M	114.3M	55.6M	24.6M	66M
Income tax	6M	8.8M	4.1M	11.4M	12.2M	12.1M	6.1M	54.9M	25M	14.5M	8.7M	14M
Net income	28.3M	26.9M	17.9M	39.6M	35.4M	33.6M	20.2M	170.9M	89.3M	41.1M	15.9M	52M
Net margin	7.11%	7.05%	4.87%	9.58%	8.66%	8.32%	5.74%	40.5%	21.4%	9.65%	4.14%	11.6%
EBITDA	82.2M	81.9M	67.1M	94.1M	90M	85.6M	64.5M	266.2M	150.4M	90.5M	58.9M	100.8M
EPS	0.99	0.93	—	-1.38	1.19	1.12	0.68	5.71	2.97	1.37	0.53	1.74
Diluted EPS	0.97	0.92	—	-1.38	1.18	1.12	0.67	5.66	2.95	1.36	0.53	1.72

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.5B	1.1B	1.2B	967M	1.3B	1.2B	1B	1.8B	—	4.1B	4.1B
Enterprise value	1.8B	1.3B	1.5B	1.2B	1.5B	1.5B	2.1B	2.8B	—	4.6B	4.7B
Shares outstanding	25.9M	26M	26M	26.2M	25.9M	24.9M	24.8M	25M	29.1M	30M	30M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	24.8	23.5	23.4	20	33.4	14.6	—	17.9	—	12.8	20.7
P/S	1.76	1.31	1.29	0.91	2.75	2.33	0.76	1.19	—	2.47	2.43
P/B	2.85	1.88	1.98	1.52	2.12	1.83	1.18	1.95	—	3.05	2.96
EV/EBITDA	11.8	14.1	7.73	8	15.9	13	8.3	8.83	—	8.15	12.7
EV/Sales	2.06	1.65	1.57	1.11	3.17	2.76	1.58	1.82	—	2.79	2.78
Earnings yield	4.03%	4.26%	4.28%	4.99%	2.99%	6.87%	—	5.57%	—	7.79%	4.83%
FCF yield	4.59%	4.45%	7.18%	11.3%	4.9%	5.1%	1.29%	8.19%	—	10.9%	2.58%
PEG	—	—	—	—	—	—	—	—	—	—	-0.3

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	23.8%	19.8%	21.4%	22.3%	25.6%	27.8%	22.4%	23.6%	24.3%	23.9%	25%
Operating margin	11.5%	5.95%	8.3%	9.23%	13.2%	15.1%	13.1%	14.4%	15%	16%	17.2%
Net margin	7.09%	5.57%	5.52%	4.54%	8.24%	16%	-4%	6.61%	8.17%	19.2%	11.8%
ROE	11.5%	7.99%	8.48%	7.6%	6.36%	12.6%	-6.21%	10.9%	12.3%	23.7%	15.3%
ROA	6.26%	4.39%	4.7%	4.49%	3.96%	7.42%	-2.39%	4.63%	5.78%	14.3%	7.77%
ROIC	8.96%	5.71%	7.21%	8.62%	5.44%	6.03%	6.71%	9.07%	9.28%	10.7%	10.8%
Return on tangible assets	84%	70.8%	28.3%	32.6%	36.5%	12.5%	43.8%	-97%	-529.6%	-893.5%	1.3K%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.17	2.5	2.3	1.26	2.62	2.57	2.23	1.89	1.7	1.7	1.92
Quick ratio	1.48	1.66	1.54	0.91	1.81	2.02	1.46	1.28	1.19	1.21	1.39
Debt / equity	0.51	0.53	0.48	0.39	0.35	0.36	1.27	1.05	0.84	0.4	0.39
Debt / assets	0.28	0.29	0.26	0.23	0.22	0.21	0.49	0.45	0.39	0.24	0.24
Net debt / EBITDA	1.73	2.94	1.4	1.43	2.11	2.06	4.29	3.07	2.63	0.95	1.35
Interest coverage	6.79	3.23	5.21	5.82	5.06	12.5	2	2.22	3.1	8.55	6.39
Effective tax rate	28.2%	0%	18.7%	25.7%	29.3%	31.8%	25.2%	21.9%	24.5%	24.5%	23.9%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	33.3	31.2	35.7	40.5	18.6	21.1	53.3	61.4	54.2	55.1	56
EPS (basic)	2.35	1.74	1.97	1.84	1.53	3.38	-2.47	3.48	1.8	10.6	10.6
EPS (diluted)	2.33	1.73	1.96	1.84	1.52	3.35	-2.47	3.46	1.79	10.5	6.56
Book value per share	20.6	21.8	23.2	24.2	24.1	26.8	34.4	37.3	35.9	44.6	45.8
FCF per share	2.69	1.82	3.3	4.19	2.5	2.51	0.53	5.96	4.61	14.8	5.61
Cash per share	0.44	0.8	0.92	1.4	0.57	0.49	0.11	0.17	0.05	0.02	0.04
Capex per share	1.57	1.12	0.89	1.23	1.05	0.95	2.3	3.8	3.95	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	4.71%	3.6%	2.49%	3.04%	5.64%	4.49%	4.32%	6.19%	7.29%	—	—
Capex / operating cash flow	34.9%	37.4%	22.3%	36.4%	26.2%	-883.5%	225.2%	39.3%	46.4%	—	—
Payout ratio	27.2%	39.1%	34.6%	36.9%	44.5%	20.1%	-42.9%	30.9%	17.9%	7.27%	12.2%
Dividend yield	1.09%	1.67%	1.48%	1.84%	1.33%	1.38%	2.25%	1.72%	—	0.57%	0.71%

Yield

0.71%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.24

ex-dividend Jul 9, 2026

Payout ratio

12%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 9, 2026	$0.24
Apr 23, 2026	$0.20
Feb 5, 2026	$0.20

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$398.5M	$381.6M	$366.6M	$413.2M	$409M	$403.7M	$351.9M	$422M	$417.3M	$425.7M	$385.1M	$448.5M
YoY change	-2.01%	+2.22%	+8.93%	+5.71%	+2.63%	+5.78%	-4.01%	+2.12%	+2.02%	+5.47%	+9.44%	+6.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	11.3M	20.9M	24M	36.7M	14.8M	12.1M	2.8M	4.3M	1.5M	705K
Receivables	138.5M	141.5M	144.9M	139.2M	128.8M	85.1M	156.4M	142.2M	135.1M	142.6M
Inventory	94M	110.8M	124.8M	99.8M	93.8M	83M	143.9M	117.7M	112.3M	113.4M
Total current assets	297.1M	329.2M	378.5M	354.6M	305.1M	386.5M	417.4M	367M	375.4M	395.4M
Property, plant & equipment	89M	64.7M	99.7M	93.5M	86.7M	52.3M	233.6M	264.2M	305.9M	297.2M
Goodwill & intangibles	905.4M	964.4M	907.9M	925.9M	890.6M	459M	2.3B	2.3B	2.3B	2.2B
Total assets	978.4M	1B	1.1B	1.1B	999.2M	1.1B	2.2B	2.2B	2.2B	2.2B
Accounts payable	49.8M	54.2M	53M	62M	41.5M	24.8M	84.3M	88M	106.5M	114.6M
Short-term debt	16.6M	14.3M	5.7M	131.3M	6.6M	3.3M	6.4M	6.7M	7.7M	8.7M
Total current liabilities	136.8M	131.7M	164.8M	280.6M	116.6M	150.5M	187.2M	194.3M	221M	232.3M
Long-term debt	254.8M	286.6M	281.9M	116M	211.1M	237.9M	1.1B	970.6M	871.4M	529.7M
Total liabilities	445.2M	463M	484.8M	439.5M	375.9M	465.7M	1.4B	1.3B	1.2B	876.4M
Shareholders' equity	533.1M	565.2M	603.7M	634.4M	623.3M	667.4M	853.5M	934.5M	1B	1.3B
Total debt	271.4M	300.9M	287.6M	247.3M	217.7M	241.2M	1.1B	977.2M	879.1M	538.4M
Net debt	260.1M	280M	263.6M	210.6M	202.8M	229.1M	1.1B	972.9M	877.6M	537.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	2.1M	7.5M	4.3M	10.5M	2.2M	1.5M	1.5M	3M	897K	623K	705K	1.1M
Receivables	184M	142.5M	142.2M	144.4M	153.1M	139.8M	135.1M	153.5M	142M	148.3M	142.6M	163.9M
Inventory	136.5M	126.7M	117.7M	114M	115.2M	114.7M	112.3M	110.8M	108.5M	107.5M	113.4M	121.2M
Total current assets	409.9M	392.7M	367M	396.3M	401.2M	394.4M	375.4M	407.9M	389.5M	400.8M	395.4M	440.1M
Property, plant & equipment	540.8M	548.2M	264.2M	577.9M	591.8M	606.1M	305.9M	625.4M	632.8M	635M	297.2M	670.4M
Goodwill & intangibles	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.2B	2.3B	2.3B	2.2B	2.2B
Total assets	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.3B
Accounts payable	127.4M	95.2M	88M	116.8M	108.7M	97.8M	106.5M	107.2M	114.5M	117.2M	114.6M	122.1M
Short-term debt	6.6M	6.5M	6.7M	6.6M	6.6M	7.4M	7.7M	8.2M	9M	9.5M	8.7M	9.5M
Total current liabilities	206.3M	200M	194.3M	223.9M	217.1M	222.3M	221M	270.1M	224.9M	242M	232.3M	228.8M
Long-term debt	1B	997.1M	970.6M	946.6M	928.8M	898.8M	871.4M	590M	588.3M	557.1M	529.7M	533.3M
Total liabilities	1.3B	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	944.9M	923M	911.7M	876.4M	876.3M
Shareholders' equity	898.1M	921.1M	934.5M	967.2M	999.8M	1B	1B	1.2B	1.3B	1.3B	1.3B	1.4B
Total debt	1B	1B	977.2M	953.2M	935.4M	906.2M	879.1M	598.2M	597.3M	566.6M	538.4M	542.8M
Net debt	1B	996.1M	972.9M	942.6M	933.3M	904.8M	877.6M	595.1M	596.4M	566M	537.7M	541.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	61.3M	45.2M	51.2M	48.2M	27.2M	49.8M	58.1M	87.2M	52.4M	317.3M
Depreciation & amortization	50.4M	50.5M	50.2M	50.2M	32.1M	32.1M	74.6M	79.4M	82.2M	90.1M
Stock-based compensation	5.9M	6.1M	4.7M	6.3M	7.3M	9.4M	8.4M	9.5M	13.3M	14.8M
Change in working capital	-3.8M	-3.9M	-6.8M	-14M	35.9M	-98.4M	-134.1M	49.4M	4M	—
Operating cash flow	116.6M	77.9M	103.6M	88.6M	103.4M	-2.7M	25.4M	242.3M	247.6M	525.4M
Capital expenditure	-40.7M	-29.2M	-23.1M	-32.3M	-27.1M	-23.6M	-57.1M	-95.1M	-115M	—
Investing cash flow	-63.3M	-73.9M	-31.1M	-69.3M	-19.1M	-82.1M	-1.2B	-95.1M	-115M	-16.5M
Dividends paid	-16.6M	-17.7M	-17.7M	-17.8M	-17.6M	-16.9M	-22.7M	-31.4M	-23.1M	-23.1M
Share repurchases	-5.3M	-7.5M	0	-5.8M	-48.3M	-30.8M	0	0	-308.9M	-20M
Financing cash flow	-108.1M	98.4M	-120.8M	-97.7M	-137.4M	48.9M	1B	-147.9M	-138.7M	-434.1M
Net change in cash	-54.8M	102.3M	-48.3M	-78.4M	-53.1M	-35.9M	-176.2M	-651K	-6.1M	74.8M
Free cash flow	69.7M	47.2M	85.9M	109.7M	64.9M	62.4M	13M	149.3M	134M	444.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	24.7M	34.1M	3.5M	-36.8M	35.4M	110M	-56.2M	170.9M	89.3M	41.1M	15.9M	52M
Depreciation & amortization	20.2M	20.4M	20.4M	20.3M	20.4M	20.6M	20.8M	21.8M	22.4M	22.8M	23.1M	23.5M
Stock-based compensation	2.1M	2.2M	3.3M	2.5M	4.9M	3.8M	2M	5.1M	4.3M	2.5M	2.9M	3.8M
Change in working capital	33.2M	-22.3M	15.1M	9.9M	-20.4M	5.1M	13.2M	16.7M	—	—	—	—
Operating cash flow	82.6M	39.8M	50.3M	77.4M	45.1M	70M	58.8M	217.4M	58.4M	79.7M	72.6M	37.1M
Capital expenditure	-25.7M	-24.1M	-28.2M	-27.4M	-31.4M	-26.4M	-29.9M	-17.1M	—	—	—	—
Investing cash flow	-25.7M	-24.1M	-28.2M	-27.4M	-31.4M	-26.4M	-29.9M	-17.1M	—	0	13.6M	—
Dividends paid	-7.9M	-7.9M	-7.9M	-7.9M	-5.1M	-5.1M	-5.1M	-5.1M	-6M	-6M	-6M	-6M
Share repurchases	0	0	—	-308.9M	0	0	0	0	0	-20M	0	—
Financing cash flow	-46.8M	-33.1M	150.6M	-33.5M	-24.2M	-41.2M	-34.8M	-295.5M	-11.1M	-61.7M	-65.8M	-18.2M
Net change in cash	10.1M	-17.4M	172.6M	16.5M	-10.4M	2.5M	-5.9M	-95.2M	47.3M	18M	20.4M	19M
Free cash flow	45.8M	38.4M	35.3M	44.5M	15.4M	39.7M	34.4M	293.9M	39.1M	61.2M	50.5M	18.4M

Date	Ratio
Jul 31, 2012	2:1
May 7, 2007	2:1
Aug 30, 1991	105:100
Aug 31, 1990	105:100
Apr 2, 1982	110:100
May 4, 1981	4:3
May 5, 1980	5:4

AZZ Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history