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AZZ (AZZ) Financials

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$89.80 +0.22 (+0.24%)
Closing price 03:59 PM Eastern
Extended Trading
$91.00 +1.20 (+1.34%)
As of 05:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for AZZ

Annual Income Statements for AZZ

This table shows AZZ's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/28/2015 2/29/2016 2/28/2017 2/28/2018 2/28/2019 2/29/2020 2/28/2021 2/28/2022 2/28/2023 2/29/2024 2/28/2025
Net Income / (Loss) Attributable to Common Shareholders
66 76 61 45 51 48 40 84 -61 87 52
Consolidated Net Income / (Loss)
66 76 61 45 51 48 40 84 -53 102 129
Net Income / (Loss) Continuing Operations
66 76 61 45 51 48 27 50 66 102 129
Total Pre-Tax Income
91 102 85 31 63 65 38 73 89 130 171
Total Operating Income
108 120 99 48 77 79 47 79 174 222 236
Total Gross Profit
207 228 205 160 199 237 123 146 296 363 383
Total Revenue
820 889 864 810 927 1,062 481 526 1,324 1,538 1,578
Operating Revenue
820 889 864 810 927 1,062 481 526 1,324 1,538 1,578
Total Cost of Revenue
613 661 658 650 728 825 358 379 1,028 1,174 1,195
Operating Cost of Revenue
613 661 658 650 728 825 358 379 1,028 1,174 1,195
Total Operating Expenses
99 108 106 112 122 158 75 67 122 142 146
Selling, General & Admin Expense
99 108 106 112 122 139 59 67 122 142 146
Total Other Income / (Expense), net
-17 -18 -14 -17 -14 -14 -9.05 -6.19 -85 -91 -66
Interest Expense
17 15 15 14 15 13 9.46 6.36 89 107 81
Interest & Investment Income
- - - - - - 0.00 0.00 2.60 15 16
Other Income / (Expense), net
-0.13 -2.77 1.12 -3.49 1.02 -0.99 0.42 0.18 1.24 0.16 -0.56
Income Tax Expense
26 27 24 -14 12 17 11 23 22 28 42
Net Income / (Loss) Discontinued Operations
- - - - - - 12 34 -119 0.00 0.00
Preferred Stock Dividends Declared
- - - - - - 0.00 0.00 8.24 14 76
Basic Earnings per Share
$2.56 $2.93 $2.36 $1.74 $1.97 $1.84 $1.53 $3.38 ($2.47) $3.48 $1.80
Weighted Average Basic Shares Outstanding
25.68M 25.80M 25.97M 25.97M 26.04M 26.19M 25.90M 24.86M 24.83M 25.04M 29.09M
Diluted Earnings per Share
$2.55 $2.91 $2.35 $1.73 $1.96 $1.84 $1.52 $3.35 ($2.45) $3.46 $1.79
Weighted Average Diluted Shares Outstanding
25.78M 25.94M 26.10M 26.04M 26.11M 26.28M 26.05M 25.08M 24.98M 25.21M 29.34M
Weighted Average Basic & Diluted Shares Outstanding
25.70M 25.92M 26M 26M 26M 25.03M - 24.69M 24.91M 25.10M 29.91M
Cash Dividends to Common per Share
- $0.60 $0.64 $0.68 $0.68 $0.68 $0.68 $0.68 $0.68 $0.68 $0.68

Quarterly Income Statements for AZZ

This table shows AZZ's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/31/2022 11/30/2022 2/28/2023 5/31/2023 8/31/2023 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025
Net Income / (Loss) Attributable to Common Shareholders
-59 -24 -2.54 25 25 23 14 -37 35 34 20
Consolidated Net Income / (Loss)
-58 -21 1.06 29 28 27 18 40 35 34 20
Net Income / (Loss) Continuing Operations
25 18 7.43 29 28 27 18 40 35 34 20
Total Pre-Tax Income
36 21 11 38 34 36 22 51 48 46 26
Total Operating Income
64 45 36 65 61 53 42 70 68 59 40
Total Gross Profit
102 73 61 97 97 88 81 103 104 98 79
Total Revenue
407 373 337 391 399 382 367 413 409 404 352
Operating Revenue
407 373 337 391 399 382 367 413 409 404 352
Total Cost of Revenue
305 300 275 294 301 293 286 311 305 306 273
Operating Cost of Revenue
305 300 275 294 301 293 286 311 305 306 273
Total Operating Expenses
37 28 25 32 36 35 39 33 36 39 38
Selling, General & Admin Expense
37 28 25 32 36 35 39 33 36 39 38
Total Other Income / (Expense), net
-28 -25 -25 -27 -27 -17 -20 -19 -20 -13 -14
Interest Expense
28 26 27 29 28 26 25 23 22 19 17
Interest & Investment Income
0.00 1.01 1.59 1.42 0.97 8.74 4.27 3.82 1.48 7.17 3.69
Other Income / (Expense), net
-0.06 0.61 0.66 -0.04 0.09 -0.04 0.15 0.20 0.42 -0.76 -0.42
Income Tax Expense
11 2.45 3.96 9.65 5.97 8.78 4.10 11 12 12 6.12
Basic Earnings per Share
($2.36) ($0.97) ($0.11) $1.00 $0.99 $0.93 $0.56 ($1.38) $1.19 $1.12 $0.87
Weighted Average Basic Shares Outstanding
24.84M 24.87M 24.83M 24.94M 25.05M 25.08M 25.04M 26.75M 29.85M 29.88M 29.09M
Diluted Earnings per Share
($1.91) ($0.97) ($0.53) $0.98 $0.97 $0.92 $0.59 ($1.38) $1.18 $1.12 $0.87
Weighted Average Diluted Shares Outstanding
29.06M 25.00M 24.98M 29.15M 29.21M 29.33M 25.21M 26.75M 30.06M 30.12M 29.34M
Weighted Average Basic & Diluted Shares Outstanding
24.86M 24.89M 24.91M 25.01M 25.08M 25.08M 25.10M 29.82M 29.88M 29.88M 29.91M
Cash Dividends to Common per Share
$0.17 $0.17 $0.17 $0.17 $0.17 $0.17 $0.17 $0.17 $0.17 $0.17 $0.17

Annual Cash Flow Statements for AZZ

This table details how cash moves in and out of AZZ's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/28/2015 2/29/2016 2/28/2017 2/28/2018 2/28/2019 2/29/2020 2/28/2021 2/28/2022 2/28/2023 2/29/2024 2/28/2025
Net Change in Cash & Equivalents
-5.04 18 -29 9.55 4.59 13 -25 0.25 -21 1.53 -2.86
Net Cash From Operating Activities
118 144 111 77 110 142 109 61 83 244 250
Net Cash From Continuing Operating Activities
118 144 111 77 110 142 109 61 91 244 250
Net Income / (Loss) Continuing Operations
66 76 61 45 51 48 27 50 66 102 129
Consolidated Net Income / (Loss)
66 76 61 45 51 48 40 84 -61 87 52
Net Income / (Loss) Discontinued Operations
- - - - - - 12 34 -119 0.00 0.00
Depreciation Expense
46 47 50 51 50 50 32 32 75 79 82
Non-Cash Adjustments To Reconcile Net Income
4.66 4.77 14 21 11 37 24 11 16 24 119
Changes in Operating Assets and Liabilities, net
0.36 16 -14 -40 -2.24 6.60 25 -33 -66 54 -5.11
Net Cash From Discontinued Operating Activities
- - - - - - - - - 0.00 0.00
Net Cash From Investing Activities
-40 -99 -63 -74 -31 -69 -19 -82 -1,229 -95 -115
Net Cash From Continuing Investing Activities
-40 -99 -41 -74 -31 -69 -19 -82 -1,229 -95 -115
Purchase of Property, Plant & Equipment
-29 -40 -41 -30 -25 -33 -27 -24 -57 -95 -116
Acquisitions
-12 -61 0.00 -45 -8.00 -61 -4.42 -61 -1,283 0.00 0.00
Sale of Property, Plant & Equipment
1.33 1.14 0.77 0.46 1.54 0.34 0.08 - - - 0.89
Divestitures
- - - 0.00 0.00 24 12 0.00 107 0.00 0.00
Net Cash From Discontinued Investing Activities
- - - - - - - - - 0.00 0.00
Net Cash From Financing Activities
-82 -25 -77 5.90 -75 -60 -88 0.91 1,027 -148 -139
Net Cash From Continuing Financing Activities
-82 -25 -77 5.90 -75 -60 -88 0.91 1,027 -148 -139
Repayment of Debt
-79 -192 -234 -320 -324 -467 -403 -248 -869 -366 -439
Repurchase of Preferred Equity
- - - - - - - - - - -309
Payment of Dividends
-15 -15 -17 -18 -18 -18 -18 -17 -23 -31 -23
Issuance of Debt
11 181 180 349 264 429 378 296 1,920 249 326
Issuance of Common Equity
- - - 3.32 3.77 3.11 2.83 2.79 2.37 2.36 311
Other Financing Activities, net
0.26 1.03 0.00 -1.22 -0.57 -1.23 -0.71 -2.19 -3.00 -1.71 -5.24
Net Cash From Discontinued Financing Activities
- - - - - - - - - 0.00 0.00
Other Net Changes in Cash
- - - - - - -27 21 97 0.00 0.92

Quarterly Cash Flow Statements for AZZ

This table details how cash moves in and out of AZZ's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/31/2022 11/30/2022 2/28/2023 5/31/2023 8/31/2023 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025
Net Change in Cash & Equivalents
-88 -15 -4.07 1.06 -1.77 5.40 -3.16 6.20 -8.39 -0.67 0.00
Net Cash From Operating Activities
18 23 19 47 71 63 64 72 47 66 64
Net Cash From Continuing Operating Activities
20 27 23 47 71 63 64 -3.25 47 66 140
Net Income / (Loss) Continuing Operations
25 18 7.43 29 28 27 18 40 35 34 20
Consolidated Net Income / (Loss)
-59 -24 -2.54 25 25 23 14 -37 35 34 20
Depreciation Expense
22 22 19 19 20 20 20 20 20 21 21
Non-Cash Adjustments To Reconcile Net Income
3.07 4.04 5.24 7.13 7.82 0.04 8.79 3.87 10 1.40 104
Changes in Operating Assets and Liabilities, net
-30 -18 -8.63 -3.68 19 19 20 9.35 -19 11 -6.26
Net Cash From Investing Activities
-6.84 105 -21 -17 -26 -24 -28 -27 -31 -26 -30
Net Cash From Continuing Investing Activities
-8.17 105 -21 -17 -26 -24 -28 -27 -31 -26 -30
Purchase of Property, Plant & Equipment
-12 -16 -22 -17 -26 -24 -28 -27 -32 -26 -30
Sale of Property, Plant & Equipment
- - - - - - - - - - 0.04
Net Cash From Financing Activities
-124 -240 22 -30 -47 -33 -38 -39 -24 -41 -35
Net Cash From Continuing Financing Activities
-124 -240 22 -30 -47 -33 -38 37 -24 -41 -110
Repayment of Debt
-257 -315 -93 -112 -91 -72 -91 -101 -138 -114 -86
Repurchase of Preferred Equity
- - - 0.00 - - - -234 - - -75
Payment of Dividends
-4.23 -4.25 -10 -7.84 -7.85 -7.86 -7.87 -7.87 -5.08 -5.08 -5.09
Issuance of Debt
136 80 125 92 50 47 60 75 118 78 55
Issuance of Common Equity
- - 0.61 0.00 1.46 0.00 0.90 309 1.51 - 1.23
Other Financing Activities, net
0.01 -0.29 -0.41 -1.71 0.92 - -0.92 -4.57 -0.41 - -0.26

Annual Balance Sheets for AZZ

This table presents AZZ's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/28/2015 2/29/2016 2/28/2017 2/28/2018 2/28/2019 2/29/2020 2/28/2021 2/28/2022 2/28/2023 2/29/2024 2/28/2025
Total Assets
937 988 978 1,028 1,089 1,074 999 1,133 2,221 2,196 2,227
Total Current Assets
299 316 297 329 379 355 305 387 417 367 375
Cash & Equivalents
23 40 11 21 24 37 15 12 2.82 4.35 1.49
Accounts Receivable
159 195 189 141 145 139 129 85 183 158 148
Inventories, net
108 77 94 111 125 100 94 83 144 118 112
Prepaid Expenses
4.57 3.11 2.76 4.27 9.25 8.73 6.03 1.58 7.99 7.81 7.06
Other Current Assets
- - - 52 76 70 61 3.10 79 79 107
Plant, Property, & Equipment, net
197 226 229 217 210 213 207 193 499 542 593
Total Noncurrent Assets
442 446 453 482 500 506 487 553 1,306 1,287 1,259
Long-Term Investments
- - - - - - - 0.00 85 98 99
Goodwill
279 293 307 321 324 356 354 190 703 705 704
Intangible Assets
163 154 146 161 130 107 91 39 469 445 422
Noncurrent Deferred & Refundable Income Taxes
- - - - - - 3.97 3.46 12 5.61 3.62
Other Noncurrent Operating Assets
- - - 0.00 46 43 38 14 36 32 30
Total Liabilities & Shareholders' Equity
937 988 978 1,028 1,089 1,074 999 1,133 2,221 2,196 2,227
Total Liabilities
517 504 445 463 485 439 376 466 1,368 1,261 1,182
Total Current Liabilities
149 150 137 132 165 281 117 151 187 194 221
Accounts Payable
50 47 50 54 53 62 42 25 84 88 106
Current Deferred & Payable Income Tax Liabilities
2.89 2.70 0.78 0.14 0.63 2.88 0.00 3.83 0.27 0.17 0.60
Current Employee Benefit Liabilities
23 30 23 19 30 39 23 17 26 31 38
Other Current Liabilities
18 26 24 42 80 52 52 16 76 75 76
Total Noncurrent Liabilities
368 354 308 331 320 159 259 315 1,181 1,067 961
Long-Term Debt
316 302 255 287 241 78 178 226 1,058 953 852
Noncurrent Deferred & Payable Income Tax Liabilities
52 52 54 33 37 38 39 48 41 39 43
Other Noncurrent Operating Liabilities
- - 0.00 12 43 43 42 17 82 75 65
Commitments & Contingencies
- - - 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
- - - - - - - - 234 234 0.00
Total Equity & Noncontrolling Interests
420 484 533 565 604 634 623 667 620 701 1,045
Total Preferred & Common Equity
420 484 533 565 604 634 623 667 620 701 1,045
Total Common Equity
420 484 533 565 604 634 623 667 620 701 1,045
Common Stock
53 61 64 64 85 93 101 111 118 128 448
Retained Earnings
389 454 499 526 548 572 547 584 506 576 609
Accumulated Other Comprehensive Income / (Loss)
-23 -31 -29 -25 -29 -31 -25 -27 -4.57 -3.89 -12

Quarterly Balance Sheets for AZZ

This table presents AZZ's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 11/30/2021 5/31/2022 8/31/2022 11/30/2022 5/31/2023 8/31/2023 11/30/2023 5/31/2024 8/31/2024 11/30/2024
Total Assets
1,038 2,782 2,585 2,199 2,206 2,215 2,209 2,236 2,240 2,245
Total Current Assets
350 720 658 407 408 410 393 396 401 394
Cash & Equivalents
20 101 11 3.29 3.88 2.11 7.51 11 2.15 1.48
Accounts Receivable
145 256 194 173 170 184 173 162 176 168
Inventories, net
107 189 142 141 145 136 127 114 115 115
Prepaid Expenses
5.15 18 13 10.00 10 11 9.30 17 14 11
Other Current Assets
68 156 83 79 79 77 76 93 94 99
Plant, Property, & Equipment, net
200 492 496 491 504 516 525 555 570 580
Total Noncurrent Assets
483 1,570 1,430 1,219 1,293 1,288 1,291 1,284 1,269 1,270
Long-Term Investments
- - - 0.00 87 86 97 102 98 102
Goodwill
353 919 736 710 706 706 705 705 706 705
Intangible Assets
84 594 3.62 3.44 469 467 451 440 434 428
Noncurrent Deferred & Refundable Income Taxes
- 5.22 478 481 5.82 5.82 5.82 5.59 5.62 5.56
Other Noncurrent Operating Assets
45 52 26 24 26 24 31 32 26 30
Total Liabilities & Shareholders' Equity
1,038 2,782 2,585 2,199 2,206 2,215 2,209 2,236 2,240 2,245
Total Liabilities
390 2,095 1,725 1,347 1,335 1,316 1,288 1,269 1,241 1,215
Total Current Liabilities
119 334 350 221 180 206 200 224 217 222
Accounts Payable
42 186 158 109 107 127 95 117 109 98
Current Deferred & Payable Income Tax Liabilities
3.20 1.66 11 0.00 0.18 0.05 0.05 3.41 1.92 2.72
Current Employee Benefit Liabilities
24 27 27 36 18 21 26 19 25 34
Other Current Liabilities
49 106 59 58 55 58 79 85 82 87
Total Noncurrent Liabilities
271 1,760 1,375 1,126 1,154 1,110 1,088 1,045 1,023 993
Long-Term Debt
191 1,595 1,238 1,011 1,041 1,002 980 930 913 880
Noncurrent Deferred & Payable Income Tax Liabilities
36 48 29 32 30 31 33 42 42 45
Other Noncurrent Operating Liabilities
43 117 86 84 83 76 74 73 69 69
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
- - - - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
648 688 860 853 871 898 921 967 1,000 1,030
Total Preferred & Common Equity
648 688 860 853 871 898 921 967 1,000 1,030
Total Common Equity
648 688 859 852 871 898 921 967 1,000 1,030
Common Stock
106 110 348 350 352 356 359 435 441 445
Retained Earnings
569 604 541 513 527 547 566 535 566 594
Accumulated Other Comprehensive Income / (Loss)
-27 -27 -30 -11 -7.54 -5.81 -3.96 -3.06 -6.90 -9.38

Annual Metrics and Ratios for AZZ

This table displays calculated financial ratios and metrics derived from AZZ's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 2/28/2015 2/29/2016 2/28/2017 2/28/2018 2/28/2019 2/29/2020 2/28/2021 2/28/2022 2/28/2023 2/29/2024 2/28/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
9.04% 8.50% -2.91% -6.15% 14.39% 14.53% -54.74% 9.37% 151.84% 16.16% 2.61%
EBITDA Growth
-0.22% 6.22% -8.83% -36.64% 34.57% 0.25% -37.78% 39.37% 123.79% 20.73% 5.59%
EBIT Growth
-4.05% 9.06% -14.89% -55.25% 74.21% 0.48% -38.88% 65.78% 120.27% 26.81% 6.33%
NOPAT Growth
22.18% 14.35% -19.97% -0.72% -11.32% -5.71% -43.06% 60.92% 140.39% 33.23% 3.09%
Net Income Growth
10.10% 15.13% -18.90% -26.27% 13.37% -5.81% -17.87% 112.10% -163.05% 291.81% 26.80%
EPS Growth
9.91% 14.12% -19.24% -26.38% 13.29% -6.12% -17.39% 120.39% -173.13% 241.22% -48.27%
Operating Cash Flow Growth
10.14% 21.52% -22.57% -30.91% 43.83% 28.82% -23.33% -44.46% 37.28% 193.87% 2.23%
Free Cash Flow Firm Growth
147.78% -43.52% -12.45% -61.01% 370.79% 10.23% -68.70% 1,075.80% -440.88% 117.58% -21.76%
Invested Capital Growth
-2.47% 4.68% 3.05% 6.55% -2.93% -4.54% 0.44% -38.17% 275.01% -2.15% 0.69%
Revenue Q/Q Growth
0.53% 2.12% -2.21% 2.06% 0.20% 4.20% -45.92% 57.54% 30.23% 1.99% -0.92%
EBITDA Q/Q Growth
2.49% -1.18% -0.43% -13.83% 5.93% -13.84% -1.60% 6.36% 22.11% 2.44% -0.62%
EBIT Q/Q Growth
2.55% -1.65% -0.70% -25.83% 10.93% -21.50% 40.33% 0.68% 21.07% 2.58% -1.01%
NOPAT Q/Q Growth
10.45% -0.99% -6.31% 60.38% -28.08% -25.15% 74.79% -5.33% 25.34% 5.27% -1.52%
Net Income Q/Q Growth
11.40% -2.74% -4.01% 33.04% -22.23% -28.78% 209.22% 6.95% -63.43% 19.81% 1.85%
EPS Q/Q Growth
11.35% -3.64% -3.69% 33.08% -22.22% -28.68% 204.00% 7.72% -131.13% 47.86% 18.54%
Operating Cash Flow Q/Q Growth
23.61% 3.01% 14.96% -17.06% 14.83% 14.37% -15.84% -36.65% 5.78% 22.15% 0.31%
Free Cash Flow Firm Q/Q Growth
19.92% -18.87% 50.19% -11.59% 15.26% 166.07% -76.70% 1,018.85% -36.87% 30.21% -3.43%
Invested Capital Q/Q Growth
-1.97% -0.39% -2.90% 0.63% -3.61% -12.38% 0.38% -39.89% 1.61% -0.65% -0.47%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
25.23% 25.65% 23.78% 19.78% 21.42% 22.34% 25.57% 27.81% 22.36% 23.64% 24.25%
EBITDA Margin
18.94% 18.55% 17.42% 11.76% 13.83% 12.11% 16.64% 21.21% 18.85% 19.59% 20.16%
Operating Margin
13.16% 13.53% 11.45% 5.95% 8.30% 7.47% 9.88% 15.07% 13.12% 14.41% 14.98%
EBIT Margin
13.15% 13.21% 11.58% 5.52% 8.41% 7.38% 9.97% 15.11% 13.21% 14.42% 14.95%
Profit (Net Income) Margin
8.01% 8.49% 7.09% 5.57% 5.52% 4.54% 8.24% 15.99% -4.00% 6.61% 8.17%
Tax Burden Percent
71.94% 73.79% 71.82% 146.18% 81.28% 74.33% 103.08% 115.05% -59.74% 78.10% 75.48%
Interest Burden Percent
84.63% 87.11% 85.27% 69.03% 80.80% 82.82% 80.25% 91.99% 50.71% 58.67% 72.38%
Effective Tax Rate
28.06% 26.21% 28.18% -46.18% 18.72% 25.67% 29.27% 31.79% 25.19% 21.90% 24.52%
Return on Invested Capital (ROIC)
10.42% 11.80% 9.09% 8.61% 7.51% 7.36% 4.28% 8.49% 11.25% 9.59% 9.96%
ROIC Less NNEP Spread (ROIC-NNEP)
6.96% 7.39% 5.51% -0.78% 2.95% 1.65% 8.01% -331.52% -35.08% 1.74% 3.77%
Return on Net Nonoperating Assets (RNNOA)
6.06% 4.91% 2.95% -0.38% 1.25% 0.51% 2.08% 4.53% -18.21% 1.77% 3.05%
Return on Equity (ROE)
16.49% 16.71% 12.04% 8.23% 8.76% 7.86% 6.36% 13.02% -6.97% 11.37% 13.01%
Cash Return on Invested Capital (CROIC)
12.92% 7.22% 6.09% 2.26% 10.48% 12.00% 3.84% 55.66% -104.55% 11.77% 9.28%
Operating Return on Assets (OROA)
11.40% 12.21% 10.17% 4.46% 7.37% 7.52% 4.80% 7.45% 10.43% 10.04% 10.66%
Return on Assets (ROA)
6.94% 7.85% 6.23% 4.50% 4.84% 4.63% 3.97% 7.88% -3.16% 4.60% 5.83%
Return on Common Equity (ROCE)
16.49% 16.71% 12.04% 8.23% 8.76% 7.86% 6.36% 13.02% -5.90% 8.39% 11.48%
Return on Equity Simple (ROE_SIMPLE)
15.62% 15.60% 11.49% 7.99% 8.48% 7.74% 6.36% 12.59% -8.55% 14.50% 12.32%
Net Operating Profit after Tax (NOPAT)
78 89 71 71 63 59 34 54 130 173 178
NOPAT Margin
9.47% 9.98% 8.23% 8.70% 6.75% 5.55% 6.99% 10.28% 9.81% 11.26% 11.31%
Net Nonoperating Expense Percent (NNEP)
3.46% 4.40% 3.58% 9.39% 4.56% 5.70% -3.73% 340.01% 46.32% 7.85% 6.19%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - - - 9.40%
Cost of Revenue to Revenue
74.77% 74.35% 76.22% 80.22% 78.58% 77.66% 74.43% 72.19% 77.64% 76.36% 75.75%
SG&A Expenses to Revenue
12.06% 12.12% 12.32% 13.83% 13.12% 13.11% 12.34% 12.73% 9.24% 9.23% 9.27%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
12.06% 12.12% 12.32% 13.83% 13.12% 14.87% 15.69% 12.73% 9.24% 9.23% 9.27%
Earnings before Interest and Taxes (EBIT)
108 118 100 45 78 78 48 79 175 222 236
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
155 165 150 95 128 129 80 111 249 301 318
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.43 2.38 2.55 1.70 1.83 1.45 1.98 1.76 1.60 2.59 2.75
Price to Tangible Book Value (P/TBV)
0.00 30.31 16.90 11.57 7.36 5.19 6.93 2.68 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.24 1.30 1.57 1.19 1.19 0.85 2.57 2.23 0.75 1.18 1.82
Price to Earnings (P/E)
15.54 15.26 22.20 21.26 21.54 18.73 31.14 13.96 0.00 20.84 54.77
Dividend Yield
1.46% 1.34% 1.22% 1.84% 2.01% 1.97% 1.40% 1.43% 1.71% 0.94% 0.71%
Earnings Yield
6.44% 6.55% 4.51% 4.70% 4.64% 5.34% 3.21% 7.17% 0.00% 4.80% 1.83%
Enterprise Value to Invested Capital (EV/IC)
1.82 1.87 2.04 1.47 1.61 1.36 1.78 2.85 1.20 1.63 2.02
Enterprise Value to Revenue (EV/Rev)
1.63 1.62 1.88 1.53 1.42 1.01 2.91 2.64 1.66 1.89 2.30
Enterprise Value to EBITDA (EV/EBITDA)
8.60 8.72 10.77 13.02 10.29 8.30 17.47 12.44 8.81 9.63 11.39
Enterprise Value to EBIT (EV/EBIT)
12.39 12.24 16.19 27.72 16.93 13.62 29.17 17.47 12.56 13.08 15.37
Enterprise Value to NOPAT (EV/NOPAT)
17.20 16.20 22.80 17.59 21.10 18.09 41.60 25.67 16.91 16.76 20.31
Enterprise Value to Operating Cash Flow (EV/OCF)
11.30 10.02 14.57 16.15 11.95 7.50 12.81 22.89 26.41 11.87 14.50
Enterprise Value to Free Cash Flow (EV/FCFF)
13.87 26.47 34.05 66.88 15.11 11.09 46.37 3.92 0.00 13.66 21.81
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.80 0.67 0.51 0.53 0.40 0.29 0.29 0.34 1.24 1.02 0.82
Long-Term Debt to Equity
0.75 0.62 0.48 0.51 0.40 0.29 0.29 0.34 1.24 1.02 0.82
Financial Leverage
0.87 0.66 0.54 0.49 0.43 0.31 0.26 -0.01 0.52 1.02 0.81
Leverage Ratio
2.37 2.13 1.93 1.83 1.81 1.70 1.60 1.65 2.21 2.47 2.23
Compound Leverage Factor
2.01 1.85 1.65 1.26 1.46 1.41 1.28 1.52 1.12 1.45 1.62
Debt to Total Capital
44.58% 40.20% 33.74% 34.74% 28.51% 22.25% 22.25% 25.34% 55.35% 50.48% 44.91%
Short-Term Debt to Total Capital
2.89% 2.86% 2.07% 1.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
41.69% 37.34% 31.67% 33.09% 28.51% 22.25% 22.25% 25.34% 55.35% 50.48% 44.91%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.23% 12.38% 0.00%
Common Equity to Total Capital
55.42% 59.80% 66.26% 65.26% 71.49% 77.75% 77.75% 74.66% 32.42% 37.13% 55.09%
Debt to EBITDA
2.18 1.97 1.80 3.16 1.88 1.39 2.23 2.03 4.24 3.16 2.68
Net Debt to EBITDA
2.03 1.73 1.73 2.94 1.69 1.27 2.05 1.92 3.89 2.82 2.36
Long-Term Debt to EBITDA
2.03 1.83 1.69 3.01 1.88 1.39 2.23 2.03 4.24 3.16 2.68
Debt to NOPAT
4.35 3.67 3.82 4.27 3.85 3.03 5.31 4.19 8.15 5.51 4.78
Net Debt to NOPAT
4.06 3.22 3.66 3.97 3.47 2.77 4.87 3.97 7.47 4.91 4.21
Long-Term Debt to NOPAT
4.07 3.41 3.59 4.06 3.85 3.03 5.31 4.19 8.15 5.51 4.78
Altman Z-Score
3.21 3.51 3.96 3.12 3.39 3.78 3.60 3.18 1.73 2.36 2.98
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.37% 26.14% 11.80%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.00 2.11 2.17 2.50 2.30 2.67 2.62 2.57 2.23 1.89 1.70
Quick Ratio
1.22 1.57 1.46 1.23 1.03 1.26 1.23 0.65 0.99 0.83 0.68
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
96 54 48 19 87 96 30 354 -1,208 212 166
Operating Cash Flow to CapEx
421.28% 370.80% 273.39% 263.46% 478.83% 441.20% 402.69% 256.88% 145.64% 257.01% 217.32%
Free Cash Flow to Firm to Interest Expense
5.81 3.59 3.23 1.34 5.83 7.15 3.18 55.68 -13.60 1.98 2.04
Operating Cash Flow to Interest Expense
7.13 9.47 7.55 5.54 7.38 10.57 11.53 9.52 0.94 2.28 3.07
Operating Cash Flow Less CapEx to Interest Expense
5.44 6.92 4.79 3.44 5.84 8.17 8.67 5.82 0.29 1.39 1.66
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.87 0.92 0.88 0.81 0.88 1.02 0.48 0.49 0.79 0.70 0.71
Accounts Receivable Turnover
5.42 5.02 4.50 4.91 6.47 7.78 3.74 4.92 9.86 9.01 10.31
Inventory Turnover
5.69 7.16 7.69 6.35 6.18 7.57 3.83 4.29 9.06 8.98 10.39
Fixed Asset Turnover
4.16 4.21 3.80 3.64 4.34 5.10 2.33 2.63 3.83 2.96 2.78
Accounts Payable Turnover
13.86 13.73 13.63 12.51 13.59 17.53 8.66 11.43 18.84 13.63 12.29
Days Sales Outstanding (DSO)
67.39 72.68 81.08 74.36 56.37 46.92 97.56 74.26 37.02 40.50 35.39
Days Inventory Outstanding (DIO)
64.10 51.01 47.45 57.48 59.03 48.19 95.28 85.04 40.30 40.66 35.12
Days Payable Outstanding (DPO)
26.33 26.58 26.77 29.19 26.86 20.82 42.13 31.93 19.37 26.77 29.70
Cash Conversion Cycle (CCC)
105.16 97.11 101.75 102.66 88.54 74.30 150.70 127.38 57.95 54.39 40.81
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
735 770 793 845 820 783 787 486 1,824 1,785 1,797
Invested Capital Turnover
1.10 1.18 1.10 0.99 1.11 1.32 0.61 0.83 1.15 0.85 0.88
Increase / (Decrease) in Invested Capital
-19 34 23 52 -25 -37 3.45 -300 1,338 -39 12
Enterprise Value (EV)
1,335 1,438 1,620 1,241 1,320 1,067 1,397 1,387 2,197 2,901 3,623
Market Capitalization
1,019 1,153 1,360 960 1,103 904 1,234 1,173 993 1,817 2,872
Book Value per Share
$16.34 $18.75 $20.54 $21.77 $23.14 $23.75 $24.57 $27.03 $24.89 $27.94 $34.99
Tangible Book Value per Share
($0.84) $1.47 $3.10 $3.20 $5.74 $6.63 $7.02 $17.73 ($22.18) ($17.95) ($2.68)
Total Capital
758 810 805 866 844 802 802 894 1,912 1,887 1,898
Total Debt
338 326 271 301 241 178 178 226 1,058 953 852
Total Long-Term Debt
316 302 255 287 241 178 178 226 1,058 953 852
Net Debt
315 285 260 280 217 164 164 214 971 850 751
Capital Expenditures (CapEx)
28 39 41 29 23 32 27 24 57 95 115
Debt-free, Cash-free Net Working Capital (DFCFNWC)
149 149 166 191 190 175 174 224 227 168 153
Debt-free Net Working Capital (DFNWC)
171 189 177 212 214 190 188 236 230 173 154
Net Working Capital (NWC)
149 166 160 197 214 190 188 236 230 173 154
Net Nonoperating Expense (NNE)
12 13 9.78 25 11 11 -6.03 -30 183 71 50
Net Nonoperating Obligations (NNO)
315 285 260 280 217 160 163 -181 971 850 751
Total Depreciation and Amortization (D&A)
48 47 50 51 50 50 32 32 75 79 82
Debt-free, Cash-free Net Working Capital to Revenue
18.16% 16.75% 19.18% 23.55% 20.47% 16.46% 36.12% 42.60% 17.18% 10.95% 9.70%
Debt-free Net Working Capital to Revenue
20.91% 21.27% 20.49% 26.12% 23.06% 17.86% 39.21% 44.90% 17.39% 11.23% 9.79%
Net Working Capital to Revenue
18.24% 18.66% 18.56% 24.36% 23.06% 17.86% 39.21% 44.90% 17.39% 11.23% 9.79%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.53 $2.98 $2.35 $1.74 $1.97 $0.00 $0.00 $3.38 ($2.47) $3.48 $1.80
Adjusted Weighted Average Basic Shares Outstanding
25.68M 25.80M 25.97M 25.97M 26.04M 0.00 0.00 24.86M 24.83M 25.04M 29.09M
Adjusted Diluted Earnings per Share
$2.52 $2.96 $2.33 $1.73 $1.96 $0.00 $0.00 $3.35 ($2.45) $3.46 $1.79
Adjusted Weighted Average Diluted Shares Outstanding
25.78M 25.94M 26.10M 26.04M 26.11M 0.00 0.00 25.08M 24.98M 25.21M 29.34M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $1.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
25.77M 25.92M 26.02M 26.02M 26.12M 0.00 0.00 24.69M 24.91M 25.10M 29.91M
Normalized Net Operating Profit after Tax (NOPAT)
78 89 71 34 63 73 45 54 130 173 178
Normalized NOPAT Margin
9.47% 9.98% 8.23% 4.17% 6.75% 6.86% 9.36% 10.28% 9.81% 11.26% 11.31%
Pre Tax Income Margin
11.13% 11.51% 9.88% 3.81% 6.80% 6.11% 8.00% 13.89% 6.70% 8.46% 10.82%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
6.51 7.76 6.79 3.23 5.21 5.82 5.06 12.48 1.97 2.07 2.90
NOPAT to Interest Expense
4.69 5.86 4.82 5.09 4.18 4.38 3.55 8.49 1.46 1.62 2.19
EBIT Less CapEx to Interest Expense
4.81 5.20 4.03 1.13 3.67 3.42 2.20 8.77 1.33 1.18 1.49
NOPAT Less CapEx to Interest Expense
2.99 3.30 2.06 2.99 2.64 1.98 0.69 4.79 0.82 0.73 0.78
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
22.70% 20.49% 27.17% 39.14% 34.60% 36.95% 44.53% 20.08% -42.92% 30.92% 17.94%
Augmented Payout Ratio
22.70% 20.49% 35.79% 55.78% 34.60% 48.97% 166.49% 56.76% -42.92% 30.92% 17.94%

Quarterly Metrics and Ratios for AZZ

This table displays calculated financial ratios and metrics derived from AZZ's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/31/2022 11/30/2022 2/28/2023 5/31/2023 8/31/2023 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
209.44% 176.35% 1,050.24% 88.71% -2.01% 2.22% 8.93% 5.71% 2.63% 5.78% -4.01%
EBITDA Growth
244.83% 101.47% 431.68% 110.43% -5.51% 7.65% 12.91% 7.49% 8.91% 7.20% -3.15%
EBIT Growth
221.77% 115.16% 474.48% 134.31% -4.67% 14.74% 15.12% 6.87% 11.41% 9.45% -5.68%
NOPAT Growth
186.24% 183.69% 15,732.32% 133.72% 12.41% -0.63% 45.59% 10.66% -0.18% 8.04% -9.74%
Net Income Growth
-403.35% -197.42% -95.09% 18.46% 149.21% 230.90% 1,583.60% 38.85% 25.01% 24.96% 13.13%
EPS Growth
-351.32% -214.12% -161.63% 2.08% 150.79% 194.85% 211.32% -240.82% 21.65% 21.74% 47.46%
Operating Cash Flow Growth
-33.85% 181.27% 31.02% 101.16% 304.58% 171.99% 230.80% 53.42% -33.54% 5.72% 1.22%
Free Cash Flow Firm Growth
-21.94% -8,278.48% -537.41% 130.82% 103.98% 104.07% 105.61% -78.52% 33.18% -11.96% -74.54%
Invested Capital Growth
125.16% 121.86% 275.01% -16.99% 0.68% 0.07% -2.15% -2.00% -0.02% 0.51% 0.69%
Revenue Q/Q Growth
96.35% -8.21% -9.86% 16.16% 1.96% -4.25% -3.94% 12.72% -1.02% -1.31% -12.83%
EBITDA Q/Q Growth
115.46% -20.99% -18.12% 50.97% -3.26% -9.98% -14.12% 43.72% -1.98% -11.40% -22.41%
EBIT Q/Q Growth
129.40% -28.22% -19.89% 77.62% -6.67% -13.61% -19.62% 64.89% -2.70% -15.12% -30.74%
NOPAT Q/Q Growth
114.09% -10.60% -41.07% 107.23% 2.97% -20.98% -13.66% 57.51% -7.12% -14.47% -27.87%
Net Income Q/Q Growth
-339.11% 64.32% 105.17% 2,588.22% -0.67% -5.09% -33.57% 121.70% -10.56% -5.13% -39.86%
EPS Q/Q Growth
-298.96% 49.21% 45.36% 284.91% -1.02% -5.15% -35.87% -333.90% 185.51% -5.08% -22.32%
Operating Cash Flow Q/Q Growth
-24.24% 30.30% -16.53% 144.13% 52.36% -12.40% 1.52% 13.23% -34.00% 39.34% -2.80%
Free Cash Flow Firm Q/Q Growth
30.13% 1.06% -38.91% 132.10% -90.98% 1.16% 91.32% 22.95% -44.04% -33.12% -44.68%
Invested Capital Q/Q Growth
-17.94% -0.30% 1.61% -0.15% -0.47% -0.90% -0.65% 0.01% 1.54% -0.38% -0.47%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
24.97% 19.58% 18.20% 24.82% 24.40% 23.10% 22.11% 24.85% 25.31% 24.22% 22.37%
EBITDA Margin
21.14% 18.20% 16.53% 21.49% 20.39% 19.17% 17.14% 21.85% 21.64% 19.42% 17.29%
Operating Margin
15.77% 12.16% 10.76% 16.76% 15.31% 13.84% 11.53% 16.88% 16.54% 14.50% 11.49%
EBIT Margin
15.76% 12.32% 10.95% 16.75% 15.33% 13.83% 11.57% 16.93% 16.64% 14.31% 11.37%
Profit (Net Income) Margin
-14.16% -5.50% 0.32% 7.30% 7.11% 7.05% 4.87% 9.58% 8.66% 8.32% 5.74%
Tax Burden Percent
-160.17% -98.35% 9.32% 74.72% 82.60% 75.39% 81.34% 77.65% 74.36% 73.50% 76.75%
Interest Burden Percent
56.08% 45.40% 30.89% 58.32% 56.14% 67.58% 51.77% 72.91% 69.98% 79.13% 65.80%
Effective Tax Rate
30.11% 11.72% 34.75% 25.28% 17.40% 24.61% 18.66% 22.35% 25.64% 26.50% 23.25%
Return on Invested Capital (ROIC)
6.60% 8.38% 8.04% 9.40% 10.49% 8.76% 7.99% 11.34% 10.66% 9.42% 7.77%
ROIC Less NNEP Spread (ROIC-NNEP)
-11.99% -2.61% 2.33% 7.74% 8.12% 7.34% 6.18% 9.69% 8.93% 8.28% 6.42%
Return on Net Nonoperating Assets (RNNOA)
-8.82% -1.92% 1.21% 12.19% 8.57% 7.52% 6.29% 9.32% 8.13% 7.01% 5.19%
Return on Equity (ROE)
-2.22% 6.46% 9.25% 21.59% 19.06% 16.28% 14.28% 20.66% 18.78% 16.44% 12.96%
Cash Return on Invested Capital (CROIC)
-70.86% -67.76% -104.55% 26.43% 8.41% 9.08% 11.77% 11.90% 9.85% 9.55% 9.28%
Operating Return on Assets (OROA)
6.80% 7.74% 8.64% 10.12% 9.58% 9.46% 8.06% 11.89% 11.73% 10.24% 8.11%
Return on Assets (ROA)
-6.11% -3.46% 0.25% 4.41% 4.44% 4.82% 3.39% 6.73% 6.11% 5.95% 4.10%
Return on Common Equity (ROCE)
-2.22% 6.46% 7.83% 21.59% 19.05% 16.28% 10.55% 20.65% 18.78% 16.43% 11.43%
Return on Equity Simple (ROE_SIMPLE)
1.07% -3.80% 0.00% -5.57% 4.16% 9.21% 0.00% 11.65% 11.98% 12.29% 0.00%
Net Operating Profit after Tax (NOPAT)
45 40 24 49 50 40 34 54 50 43 31
NOPAT Margin
11.02% 10.74% 7.02% 12.52% 12.64% 10.44% 9.38% 13.11% 12.30% 10.66% 8.82%
Net Nonoperating Expense Percent (NNEP)
18.58% 10.98% 5.71% 1.66% 2.38% 1.42% 1.81% 1.65% 1.72% 1.14% 1.35%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - 2.09% - - - 2.25% 1.64%
Cost of Revenue to Revenue
75.03% 80.42% 81.80% 75.18% 75.60% 76.90% 77.89% 75.15% 74.69% 75.78% 77.63%
SG&A Expenses to Revenue
9.20% 7.42% 7.45% 8.06% 9.09% 9.26% 10.58% 7.97% 8.77% 9.72% 10.88%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
9.20% 7.42% 7.45% 8.06% 9.09% 9.26% 10.58% 7.97% 8.77% 9.72% 10.88%
Earnings before Interest and Taxes (EBIT)
64 46 37 65 61 53 42 70 68 58 40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
86 68 56 84 81 73 63 90 88 78 61
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.20 1.19 1.60 0.98 1.35 1.33 2.59 2.17 2.48 2.70 2.75
Price to Tangible Book Value (P/TBV)
8.59 7.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.32 1.00 0.75 0.57 0.81 0.81 1.18 1.35 1.58 1.75 1.82
Price to Earnings (P/E)
125.63 0.00 0.00 0.00 52.89 17.35 20.84 82.42 68.55 59.86 54.77
Dividend Yield
1.64% 1.67% 1.71% 1.98% 1.40% 1.40% 0.94% 1.02% 0.82% 0.73% 0.71%
Earnings Yield
0.80% 0.00% 0.00% 0.00% 1.89% 5.76% 4.80% 1.21% 1.46% 1.67% 1.83%
Enterprise Value to Invested Capital (EV/IC)
1.26 1.13 1.20 0.99 1.18 1.17 1.63 1.64 1.82 1.97 2.02
Enterprise Value to Revenue (EV/Rev)
2.91 2.00 1.66 1.20 1.42 1.39 1.89 1.87 2.10 2.23 2.30
Enterprise Value to EBITDA (EV/EBITDA)
13.35 9.95 8.81 6.16 7.38 7.13 9.63 9.49 10.46 11.12 11.39
Enterprise Value to EBIT (EV/EBIT)
18.92 14.07 12.56 8.51 10.17 9.70 13.08 12.90 14.12 14.94 15.37
Enterprise Value to NOPAT (EV/NOPAT)
28.46 19.61 16.91 11.45 12.96 12.76 16.76 16.39 18.48 19.64 20.31
Enterprise Value to Operating Cash Flow (EV/OCF)
35.53 25.84 26.41 16.92 13.27 10.48 11.87 10.83 13.41 14.28 14.50
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 3.41 14.01 12.86 13.66 13.61 18.44 20.69 21.81
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.46 1.20 1.24 1.19 1.12 1.06 1.02 0.96 0.91 0.85 0.82
Long-Term Debt to Equity
1.44 1.19 1.24 1.19 1.12 1.06 1.02 0.96 0.91 0.85 0.82
Financial Leverage
0.74 0.74 0.52 1.58 1.06 1.02 1.02 0.96 0.91 0.85 0.81
Leverage Ratio
2.41 2.16 2.21 3.20 2.73 2.49 2.47 2.42 2.35 2.28 2.23
Compound Leverage Factor
1.35 0.98 0.68 1.87 1.53 1.68 1.28 1.76 1.64 1.81 1.47
Debt to Total Capital
59.27% 54.56% 55.35% 54.43% 52.74% 51.55% 50.48% 49.01% 47.72% 46.07% 44.91%
Short-Term Debt to Total Capital
0.62% 0.69% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
58.66% 53.87% 55.35% 54.43% 52.74% 51.55% 50.48% 49.01% 47.72% 46.07% 44.91%
Preferred Equity to Total Capital
0.01% 0.01% 0.00% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 12.23% 0.00% 0.00% 0.00% 12.38% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
40.71% 45.43% 32.42% 45.56% 47.24% 48.44% 37.13% 50.99% 52.28% 53.93% 55.09%
Debt to EBITDA
7.37 5.01 4.24 3.55 3.47 3.33 3.16 3.02 2.90 2.75 2.68
Net Debt to EBITDA
7.30 4.99 3.89 3.24 3.17 2.98 2.82 2.66 2.58 2.42 2.36
Long-Term Debt to EBITDA
7.29 4.95 4.24 3.55 3.47 3.33 3.16 3.02 2.90 2.75 2.68
Debt to NOPAT
15.71 9.88 8.15 6.59 6.10 5.96 5.51 5.22 5.12 4.86 4.78
Net Debt to NOPAT
15.56 9.85 7.47 6.02 5.57 5.32 4.91 4.59 4.56 4.28 4.21
Long-Term Debt to NOPAT
15.54 9.75 8.15 6.59 6.10 5.96 5.51 5.22 5.12 4.86 4.78
Altman Z-Score
1.18 1.41 1.53 1.63 1.78 1.79 2.09 2.22 2.45 2.63 2.69
Noncontrolling Interest Sharing Ratio
0.02% 0.02% 15.37% 0.02% 0.03% 0.03% 26.14% 0.01% 0.01% 0.01% 11.80%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.88 1.84 2.23 2.27 1.99 1.96 1.89 1.77 1.85 1.77 1.70
Quick Ratio
0.59 0.80 0.99 0.97 0.90 0.90 0.83 0.77 0.82 0.76 0.68
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-956 -946 -1,314 422 38 39 74 91 51 34 19
Operating Cash Flow to CapEx
144.47% 140.41% 87.17% 275.26% 278.12% 258.90% 225.17% 262.61% 147.91% 250.24% 215.11%
Free Cash Flow to Firm to Interest Expense
-33.97 -36.21 -48.56 14.69 1.37 1.49 2.98 3.98 2.31 1.76 1.08
Operating Cash Flow to Interest Expense
0.63 0.88 0.71 1.63 2.57 2.42 2.57 3.16 2.17 3.44 3.70
Operating Cash Flow Less CapEx to Interest Expense
0.19 0.25 -0.10 1.04 1.65 1.49 1.43 1.96 0.70 2.07 1.98
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.43 0.63 0.79 0.60 0.62 0.68 0.70 0.70 0.71 0.72 0.71
Accounts Receivable Turnover
4.76 6.39 9.86 7.07 7.94 8.69 9.01 9.39 8.73 9.32 10.31
Inventory Turnover
4.58 6.18 9.06 7.02 8.39 8.68 8.98 9.19 9.49 10.00 10.39
Fixed Asset Turnover
2.23 2.94 3.83 3.03 2.96 2.97 2.96 2.95 2.89 2.88 2.78
Accounts Payable Turnover
5.59 10.14 18.84 8.02 8.20 11.41 13.63 10.62 10.12 12.52 12.29
Days Sales Outstanding (DSO)
76.71 57.12 37.02 51.60 45.97 41.98 40.50 38.87 41.82 39.17 35.39
Days Inventory Outstanding (DIO)
79.77 59.07 40.30 51.98 43.48 42.05 40.66 39.71 38.44 36.49 35.12
Days Payable Outstanding (DPO)
65.26 36.00 19.37 45.54 44.51 32.00 26.77 34.36 36.06 29.16 29.70
Cash Conversion Cycle (CCC)
91.22 80.19 57.95 58.05 44.94 52.03 54.39 44.22 44.21 46.50 40.81
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,800 1,795 1,824 1,821 1,813 1,796 1,785 1,785 1,812 1,806 1,797
Invested Capital Turnover
0.60 0.78 1.15 0.75 0.83 0.84 0.85 0.87 0.87 0.88 0.88
Increase / (Decrease) in Invested Capital
1,001 986 1,338 -373 12 1.32 -39 -36 -0.39 9.12 12
Enterprise Value (EV)
2,267 2,032 2,197 1,807 2,130 2,097 2,901 2,918 3,292 3,559 3,623
Market Capitalization
1,027 1,011 993 857 1,215 1,222 1,817 2,101 2,480 2,783 2,872
Book Value per Share
$34.67 $34.28 $24.89 $34.97 $35.89 $36.72 $27.94 $38.53 $33.53 $34.46 $34.99
Tangible Book Value per Share
$4.82 $5.57 ($22.18) ($12.17) ($10.98) ($9.41) ($17.95) ($7.07) ($4.69) ($3.44) ($2.68)
Total Capital
2,111 1,876 1,912 1,912 1,900 1,901 1,887 1,897 1,912 1,909 1,898
Total Debt
1,251 1,024 1,058 1,041 1,002 980 953 930 913 880 852
Total Long-Term Debt
1,238 1,011 1,058 1,041 1,002 980 953 930 913 880 852
Net Debt
1,240 1,020 971 950 915 875 850 818 813 776 751
Capital Expenditures (CapEx)
12 16 22 17 26 24 28 27 32 26 30
Debt-free, Cash-free Net Working Capital (DFCFNWC)
310 196 227 225 201 185 168 162 182 171 153
Debt-free Net Working Capital (DFNWC)
321 199 230 228 204 193 173 172 184 172 154
Net Working Capital (NWC)
308 186 230 228 204 193 173 172 184 172 154
Net Nonoperating Expense (NNE)
102 61 23 20 22 13 17 15 15 9.42 11
Net Nonoperating Obligations (NNO)
941 943 971 950 915 875 850 818 813 776 751
Total Depreciation and Amortization (D&A)
22 22 19 19 20 20 20 20 20 21 21
Debt-free, Cash-free Net Working Capital to Revenue
39.82% 19.24% 17.18% 14.89% 13.44% 12.29% 10.95% 10.38% 11.58% 10.72% 9.70%
Debt-free Net Working Capital to Revenue
41.27% 19.57% 17.39% 15.15% 13.58% 12.78% 11.23% 11.06% 11.72% 10.81% 9.79%
Net Working Capital to Revenue
39.60% 18.29% 17.39% 15.15% 13.58% 12.78% 11.23% 11.06% 11.72% 10.81% 9.79%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($2.36) ($0.97) ($0.11) $1.00 $0.99 $0.93 $0.56 ($1.38) $1.19 $1.12 $0.87
Adjusted Weighted Average Basic Shares Outstanding
24.86M 24.89M 24.83M 24.94M 25.05M 25.08M 25.04M 26.75M 29.85M 29.88M 29.09M
Adjusted Diluted Earnings per Share
($1.91) ($0.97) ($0.53) $0.98 $0.97 $0.92 $0.59 ($1.38) $1.18 $1.12 $0.87
Adjusted Weighted Average Diluted Shares Outstanding
24.86M 24.89M 24.98M 29.15M 29.21M 29.33M 25.21M 26.75M 30.06M 30.12M 29.34M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
24.86M 24.89M 24.91M 25.01M 25.08M 25.08M 25.10M 29.82M 29.88M 29.88M 29.91M
Normalized Net Operating Profit after Tax (NOPAT)
45 40 24 49 50 40 34 54 50 43 31
Normalized NOPAT Margin
11.02% 10.74% 7.02% 12.52% 12.64% 10.44% 9.38% 13.11% 12.30% 10.66% 8.82%
Pre Tax Income Margin
8.84% 5.59% 3.38% 9.77% 8.61% 9.35% 5.99% 12.34% 11.65% 11.33% 7.48%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
2.28 1.76 1.36 2.28 2.20 2.04 1.72 3.07 3.11 3.01 2.30
NOPAT to Interest Expense
1.59 1.53 0.87 1.70 1.81 1.54 1.39 2.38 2.30 2.24 1.79
EBIT Less CapEx to Interest Expense
1.84 1.13 0.55 1.69 1.27 1.11 0.57 1.87 1.64 1.63 0.58
NOPAT Less CapEx to Interest Expense
1.16 0.91 0.06 1.11 0.89 0.61 0.25 1.18 0.83 0.86 0.07
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
182.14% -52.03% -42.92% -54.36% 80.30% 39.65% 30.92% 27.91% 23.94% 20.47% 17.94%
Augmented Payout Ratio
182.14% -52.03% -42.92% -54.36% 80.30% 39.65% 30.92% 27.91% 23.94% 20.47% 17.94%

Frequently Asked Questions About AZZ's Financials

When does AZZ's financial year end?

According to the most recent income statement we have on file, AZZ's fiscal year ends in February. Their fiscal year 2025 ended on February 28, 2025.

How has AZZ's net income changed over the last 10 years?

AZZ's net income appears to be on an upward trend, with a most recent value of $128.83 million in 2025, rising from $65.62 million in 2015. The previous period was $101.61 million in 2024. Check out AZZ's forecast to explore projected trends and price targets.

What is AZZ's operating income?
AZZ's total operating income in 2025 was $236.36 million, based on the following breakdown:
  • Total Gross Profit: $382.68 million
  • Total Operating Expenses: $146.32 million
How has AZZ revenue changed over the last 10 years?

Over the last 10 years, AZZ's total revenue changed from $819.69 million in 2015 to $1.58 billion in 2025, a change of 92.5%.

How much debt does AZZ have?

AZZ's total liabilities were at $1.18 billion at the end of 2025, a 6.3% decrease from 2024, and a 128.6% increase since 2015.

How much cash does AZZ have?

In the past 10 years, AZZ's cash and equivalents has ranged from $1.49 million in 2025 to $40.19 million in 2016, and is currently $1.49 million as of their latest financial filing in 2025.

How has AZZ's book value per share changed over the last 10 years?

Over the last 10 years, AZZ's book value per share changed from 16.34 in 2015 to 34.99 in 2025, a change of 114.2%.



This page (NYSE:AZZ) was last updated on 5/6/2025 by MarketBeat.com Staff
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