AZZ · Azz Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.58B | $1.54B | $1.32B | $902.66M | $1.06B |
| Cost of Revenue | $1.26B | $1.20B | $1.17B | $1.03B | $677.44M | $824.59M |
| Gross Profit | $394.95M | $382.68M | $363.46M | $295.94M | $225.22M | $188.75M |
| R&D | - | - | - | - | - | - |
| SG&A | $130.34M | $146.32M | $141.86M | $122.31M | $113.68M | $107.13M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $90.06M | $82.20M | $79.42M | $74.59M | $44.66M | $44.60M |
| Operating Income | $264.62M | $236.36M | $221.60M | $173.64M | $113.34M | $61.61M |
| Interest Expense | $55.65M | $81.28M | $107.06M | $88.80M | $6.39M | $9.65M |
| Income Tax | $103.06M | $41.85M | $28.50M | $22.34M | $22.32M | $11.38M |
| Net Income | $317.26M | $128.83M | $101.61M | ($52.97M) | $84.02M | $39.61M |
| EPS - Basic | $10.59 | $1.80 | $3.48 | ($2.47) | $3.38 | $1.53 |
| EPS - Diluted | $10.50 | $1.79 | $3.46 | ($2.45) | $3.35 | $1.52 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $705.0K | $1.49M | $4.35M | $2.82M | $15.08M | $14.84M |
| Accounts Receivable | $142.65M | $135.15M | $142.25M | $183.41M | $167.02M | $128.13M |
| Inventory | $113.41M | $112.31M | $117.66M | - | - | - |
| Accounts Payable | $114.59M | $106.47M | $88.00M | $109.86M | $43.99M | $41.03M |
| Current Assets | $395.37M | $375.44M | $367.00M | $417.42M | $386.53M | $303.49M |
| Total Assets | $2.21B | $2.23B | $2.20B | $2.22B | $1.13B | $996.44M |
| Current Liabilities | $232.27M | $220.99M | $194.31M | $187.24M | $150.53M | $113.85M |
| Long-term Debt | $477.74M | $852.37M | $952.74M | $1.06B | $226.48M | $178.42M |
| Total Liabilities | $876.44M | $1.18B | $1.26B | $1.37B | $465.66M | $373.15M |
| Stockholders' Equity | $1.34B | $1.05B | $700.77M | $853.46M | $667.37M | $623.29M |
| Retained Earnings | $883.54M | $609.16M | $576.23M | $506.04M | $584.15M | $547.29M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $244.47M | $249.91M | $244.47M | $109.11M | $86.01M | $92.03M |
| Investing Cash Flow | ($95.06M) | ($115.00M) | ($95.06M) | ($19.07M) | ($86.83M) | ($28.59M) |
| Financing Cash Flow | ($147.89M) | ($138.69M) | ($147.89M) | ($88.42M) | $912.0K | ($88.42M) |
| CapEx | $80.78M | $115.88M | $95.12M | $57.12M | $28.41M | $37.08M |
| Free Cash Flow | $163.69M | $134.03M | $149.35M | $51.99M | $57.60M | $54.96M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.9% | 24.3% | 23.6% | 22.4% | 25.0% | 17.8% |
| Operating margin | 16.0% | 15.0% | 14.4% | 13.1% | 12.6% | 5.8% |
| EBITDA margin | 21.5% | 20.2% | 19.6% | 18.8% | 17.5% | 10.0% |
| Net margin | 19.2% | 8.2% | 6.6% | -4.0% | 9.3% | 3.7% |
| Free cash flow margin | 9.9% | 8.5% | 9.7% | 3.9% | 6.4% | 5.2% |
| FCF / Net income | 0.52 | 1.04 | 1.47 | -0.98 | 0.69 | 1.39 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.9% | 9.3% | 9.2% | 9.2% | 12.6% | 10.1% |
| Effective tax rate | 24.5% | 24.5% | 21.9% | - | 21.0% | 22.3% |
| Return on assets | 14.3% | 5.8% | 4.6% | -2.4% | 7.4% | 4.0% |
| Return on equity | 23.7% | 12.3% | 14.5% | -6.2% | 12.6% | 6.4% |
| Return on invested capital | 11.0% | 9.4% | 10.5% | 7.2% | 10.0% | 6.0% |
| Liquidity | ||||||
| Current ratio | 1.70 | 1.70 | 1.89 | 2.23 | 2.57 | 2.67 |
| Quick ratio | 1.21 | 1.19 | 1.28 | 2.23 | 2.57 | 2.67 |
| Cash ratio | 0.00 | 0.01 | 0.02 | 0.02 | 0.10 | 0.13 |
| Leverage | ||||||
| Debt / Equity | 0.36 | 0.82 | 1.36 | 1.24 | 0.34 | 0.29 |
| Debt / Assets | 0.22 | 0.38 | 0.43 | 0.48 | 0.20 | 0.18 |
| Debt / EBITDA | 1.35 | 2.68 | 3.17 | 4.26 | 1.43 | 1.68 |
| Interest coverage | 4.8x | 2.9x | 2.1x | 2.0x | 17.7x | 6.4x |
| Equity multiplier | 1.66 | 2.13 | 3.13 | 2.60 | 1.70 | 1.60 |
| Liabilities / Assets | 0.40 | 0.53 | 0.57 | 0.62 | 0.41 | 0.37 |
| Efficiency | ||||||
| Asset turnover | 0.75 | 0.71 | 0.70 | 0.60 | 0.80 | 1.07 |
| Inventory turnover | 11.07 | 10.64 | 9.98 | - | - | - |
| Days sales outstanding | 32d | 31d | 34d | 51d | 68d | 44d |
| Days inventory outstanding | 33d | 34d | 37d | - | - | - |
| Days payable outstanding | 33d | 33d | 27d | 39d | 24d | 18d |
| Cash conversion cycle | 31d | 33d | 43d | - | - | - |
| Valuation | ||||||
| P / E | 13.0x | 53.7x | 21.0x | - | 14.7x | 33.6x |
| P / B | 3.1x | 2.7x | 2.6x | 1.2x | 1.8x | 2.1x |
| P / S | 2.5x | 1.8x | 1.2x | 0.8x | 1.4x | 1.3x |
| EV / EBITDA | 12.9x | 11.5x | 9.2x | 8.3x | 9.2x | 14.1x |
| Growth | ||||||
| Revenue growth (YoY) | 4.6% | 2.6% | 16.2% | 46.6% | - | 0.0% |
| Revenue CAGR (3y) | 7.6% | 20.5% | - | 7.6% | -5.3% | 9.4% |
| Revenue CAGR (5y) | - | 8.2% | 7.7% | 7.4% | 2.2% | 3.3% |
| Gross profit growth (YoY) | 3.2% | 5.3% | 22.8% | 31.4% | - | -20.4% |
| Operating income growth (YoY) | 12.0% | 6.7% | 27.6% | 53.2% | - | -22.3% |
| Net income growth (YoY) | 146.3% | 26.8% | - | - | - | -17.9% |
| EPS growth (YoY) | 486.6% | -48.3% | - | - | - | -17.4% |
| EPS CAGR (3y) | - | -18.9% | - | - | 22.1% | -4.2% |
| EPS CAGR (5y) | - | 3.3% | 13.5% | - | 14.1% | -12.5% |
| FCF growth (YoY) | 22.1% | -10.3% | 187.3% | -9.8% | - | -49.9% |
| FCF CAGR (5y) | - | 19.5% | 6.4% | -10.2% | 3.2% | -11.9% |
| Book value growth (YoY) | 27.9% | 49.2% | -17.9% | 27.9% | 21.9% | -1.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-02-28.
Business segments
$1.65B totalPrecoat Metals$891.37M · 54.0%
Metal Coatings$758.71M · 46.0%
Geographic
$1.65B totalUS$1.60B · 97.2%
CA$46.23M · 2.8%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
2.15
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Coating, Engraving & Allied Services
Comparing AZZ INC against the 3 most active filers in the same SIC group.
Dividends
$0.80/share trailing 12 months · +17.6% YoY
| Ex-date | Per share |
|---|---|
| Apr 23, 2026 | $0.2000 |
| Feb 5, 2026 | $0.2000 |
| Oct 16, 2025 | $0.2000 |
| Jul 10, 2025 | $0.2000 |
| Apr 24, 2025 | $0.1700 |
| Jan 30, 2025 | $0.1700 |
| Oct 18, 2024 | $0.1700 |
| Jul 10, 2024 | $0.1700 |
| Apr 16, 2024 | $0.1700 |
| Jan 29, 2024 | $0.1700 |
| Oct 17, 2023 | $0.1700 |
| Jul 11, 2023 | $0.1700 |
| Apr 25, 2023 | $0.1700 |
| Jan 27, 2023 | $0.1700 |
| Oct 17, 2022 | $0.1700 |
| Jul 18, 2022 | $0.1700 |
| Apr 25, 2022 | $0.1700 |
| Jan 24, 2022 | $0.1700 |
| Oct 18, 2021 | $0.1700 |
| Jul 19, 2021 | $0.1700 |
| Apr 26, 2021 | $0.1700 |
| Jan 25, 2021 | $0.1700 |
| Oct 20, 2020 | $0.1700 |
| Jul 17, 2020 | $0.1700 |