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Stocks · Industrials · Coating, Engraving & Allied Services

AZZ INC

AZZ Clue Score66
United States Fiscal year ends February CIK 0000008947
$136.85 +0.34% Close, 9 Oct 2026
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Price $136.85 +150.32% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue863.5Operating income98.9Net income61.3EPS, diluted2.35Fiscal year 2018Revenue810.4 −6.2%Operating income48.2Net income45.2 −26.3%EPS, diluted1.73 −26.4%Fiscal year 2019Revenue927.1 +14.4%Operating income77.0Net income51.2 +13.4%EPS, diluted1.96 +13.3%Fiscal year 2020Revenue1,061.8 +14.5%Operating income79.3Net income48.2 −5.8%EPS, diluted1.84 −6.1%Fiscal year 2021Revenue480.6 −54.7%Operating income47.5Net income39.6 −17.9%EPS, diluted1.52 −17.4%Fiscal year 2022Revenue525.6 +9.4%Operating income79.2Net income84.0 +112.1%EPS, diluted3.35 +120.4%Fiscal year 2023Revenue1,323.6 +151.8%Operating income173.6Net income−53.0 −163.0%EPS, diluted−2.45 −173.1%Fiscal year 2024Revenue1,537.6 +16.2%Operating income221.6Net income101.6EPS, diluted3.46Fiscal year 2025Revenue1,577.7 +2.6%Operating income236.4Net income128.8 +26.8%EPS, diluted1.79 −48.3%Fiscal year 2026Revenue1,650.1 +4.6%Operating income264.6Net income317.3 +146.3%EPS, diluted10.50 +486.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 863.5 810.4 927.1 1,061.8 480.6 525.6 1,323.6 1,537.6 1,577.7 1,650.1
Growth −6.2% +14.4% +14.5% −54.7% +9.4% +151.8% +16.2% +2.6% +4.6%
Operating income 98.9 48.2 77.0 79.3 47.5 79.2 173.6 221.6 236.4 264.6
Net income 61.3 45.2 51.2 48.2 39.6 84.0 −53.0 101.6 128.8 317.3
Growth −26.3% +13.4% −5.8% −17.9% +112.1% −163.0% +26.8% +146.3%
EPS, diluted 2.35 1.73 1.96 1.84 1.52 3.35 −2.45 3.46 1.79 10.50
Growth −26.4% +13.3% −6.1% −17.4% +120.4% −173.1% −48.3% +486.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin23.8%Operating margin11.5%Net margin7.1%Free cash flow margin8.1%Fiscal year 2018Gross margin19.8%Operating margin6.0%Net margin5.6%Free cash flow margin5.8%Fiscal year 2019Gross margin21.4%Operating margin8.3%Net margin5.5%Free cash flow margin9.3%Fiscal year 2020Gross margin22.3%Operating margin7.5%Net margin4.5%Free cash flow margin10.3%Fiscal year 2021Gross margin25.6%Operating margin9.9%Net margin8.2%Free cash flow margin13.5%Fiscal year 2022Gross margin27.8%Operating margin15.1%Net margin16.0%Free cash flow margin11.9%Fiscal year 2023Gross margin22.4%Operating margin13.1%Net margin−4.0%Free cash flow margin2.6%Fiscal year 2024Gross margin23.6%Operating margin14.4%Net margin6.6%Free cash flow margin9.7%Fiscal year 2025Gross margin24.3%Operating margin15.0%Net margin8.2%Free cash flow margin8.5%Fiscal year 2026Gross margin23.9%Operating margin16.0%Net margin19.2%Free cash flow margin26.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 23.8% 19.8% 21.4% 22.3% 25.6% 27.8% 22.4% 23.6% 24.3% 23.9%
Operating margin 11.5% 6.0% 8.3% 7.5% 9.9% 15.1% 13.1% 14.4% 15.0% 16.0%
Net margin 7.1% 5.6% 5.5% 4.5% 8.2% 16.0% −4.0% 6.6% 8.2% 19.2%
Free cash flow margin 8.1% 5.8% 9.3% 10.3% 13.5% 11.9% 2.6% 9.7% 8.5% 26.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow111.2Capital expenditure−41.4Free cash flow69.7Buybacks−5.3Dividends paid−16.6Fiscal year 2018Operating cash flow76.8Capital expenditure−29.6Free cash flow47.2 −32.3%Buybacks−7.5Dividends paid−17.7Fiscal year 2019Operating cash flow110.5Capital expenditure−24.6Free cash flow85.9 +81.9%Buybacks0.0Dividends paid−17.7Fiscal year 2020Operating cash flow142.3Capital expenditure−32.6Free cash flow109.7 +27.8%Buybacks−5.8Dividends paid−17.8Fiscal year 2021Operating cash flow92.0Capital expenditure−27.2Free cash flow64.9 −40.9%Buybacks−48.3Dividends paid−17.6Fiscal year 2022Operating cash flow86.0Capital expenditure−23.6Free cash flow62.4 −3.8%Buybacks−30.8Dividends paid−16.9Fiscal year 2023Operating cash flow91.4Capital expenditure−57.1Free cash flow34.3 −45.0%Buybacks0.0Dividends paid−22.7Fiscal year 2024Operating cash flow244.5Capital expenditure−95.1Free cash flow149.3 +335.3%Buybacks0.0Dividends paid−31.4Fiscal year 2025Operating cash flow249.9Capital expenditure−115.9Free cash flow134.0 −10.3%Buybacks0.0Dividends paid−23.1Fiscal year 2026Operating cash flow525.4Capital expenditure−80.8Free cash flow444.7 +231.8%Buybacks−20.0Dividends paid−23.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 111.2 76.8 110.5 142.3 92.0 86.0 91.4 244.5 249.9 525.4
Capital expenditure −41.4 −29.6 −24.6 −32.6 −27.2 −23.6 −57.1 −95.1 −115.9 −80.8
Free cash flow 69.7 47.2 85.9 109.7 64.9 62.4 34.3 149.3 134.0 444.7
Growth −32.3% +81.9% +27.8% −40.9% −3.8% −45.0% +335.3% −10.3% +231.8%
Buybacks −5.3 −7.5 0.0 −5.8 −48.3 −30.8 0.0 0.0 0.0 −20.0
Dividends paid −16.6 −17.7 −17.7 −17.8 −17.6 −16.9 −22.7 −31.4 −23.1 −23.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash11.3Total debt254.8Net cash (debt)−243.5Shareholders’ equity533.1Debt to equity0.48Fiscal year 2018Cash20.9Total debt286.6Net cash (debt)−265.8Shareholders’ equity565.2Debt to equity0.51Fiscal year 2019Cash24.0Total debt240.7Net cash (debt)−216.7Shareholders’ equity603.7Debt to equity0.40Fiscal year 2020Cash36.7Total debt202.9Net cash (debt)−166.2Shareholders’ equity634.4Debt to equity0.32Fiscal year 2021Cash14.8Total debt178.4Net cash (debt)−163.6Shareholders’ equity623.3Debt to equity0.29Fiscal year 2022Cash12.1Total debt226.5Net cash (debt)−214.4Shareholders’ equity667.4Debt to equity0.34Fiscal year 2023Cash2.8Total debt1,058.1Net cash (debt)−1,055.3Shareholders’ equity619.7Debt to equity1.71Fiscal year 2024Cash4.3Total debt952.7Net cash (debt)−948.4Shareholders’ equity700.8Debt to equity1.36Fiscal year 2025Cash1.5Total debt852.4Net cash (debt)−850.9Shareholders’ equity1,045.5Debt to equity0.82Fiscal year 2026Cash0.7Total debt477.7Net cash (debt)−477.0Shareholders’ equity1,337.0Debt to equity0.36
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 11.3 20.9 24.0 36.7 14.8 12.1 2.8 4.3 1.5 0.7
Total debt 254.8 286.6 240.7 202.9 178.4 226.5 1,058.1 952.7 852.4 477.7
Net cash (debt) −243.5 −265.8 −216.7 −166.2 −163.6 −214.4 −1,055.3 −948.4 −850.9 −477.0
Shareholders’ equity 533.1 565.2 603.7 634.4 623.3 667.4 619.7 700.8 1,045.5 1,337.0
Debt to equity 0.48 0.51 0.40 0.32 0.29 0.34 1.71 1.36 0.82 0.36

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending February, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 Feb 2017 FY2018 28 Feb 2018 FY2019 28 Feb 2019 FY2020 29 Feb 2020 FY2021 28 Feb 2021 FY2022 28 Feb 2022 FY2023 28 Feb 2023 FY2024 29 Feb 2024 FY2025 28 Feb 2025 FY2026 28 Feb 2026
Margins
23.8% 19.8% 21.4% 22.3% 25.6% 27.8% 22.4% 23.6% 24.3% 23.9%
11.5% 6.0% 8.3% 7.5% 9.9% 15.1% 13.1% 14.4% 15.0% 16.0%
9.9% 3.8% 6.8% 6.1% 8.0% 13.9% 6.7% 8.5% 10.8% 25.5%
7.1% 5.6% 5.5% 4.5% 8.2% 16.0% −4.0% 6.6% 8.2% 19.2%
8.1% 5.8% 9.3% 10.3% 13.5% 11.9% 2.6% 9.7% 8.5% 26.9%
Spending
12.3% 13.8% 13.1% 13.1% 12.3% 12.7% 9.2% 9.2% 9.3% 7.9%
4.8% 3.7% 2.7% 3.1% 5.7% 4.5% 4.3% 6.2% 7.3% 4.9%
28.2% −46.2% 18.7% 25.7% 29.3% 31.8% 25.2% 21.9% 24.5% 24.5%
Returns
11.5% 8.0% 8.5% 7.6% 6.4% 12.6% −8.5% 14.5% 12.3% 23.7%
6.3% 4.4% 4.7% 4.5% 4.0% 7.4% −2.4% 4.6% 5.8% 14.3%
Balance and payout
0.48 0.51 0.40 0.32 0.29 0.34 1.71 1.36 0.82 0.36
45.5% 45.0% 44.5% 40.9% 37.6% 41.1% 61.6% 57.4% 53.1% 39.6%
27.2% 39.1% 34.6% 36.9% 44.5% 20.1% n/a 30.9% 17.9% 7.3%
31.4% 53.4% 20.6% 21.5% 101.7% 76.4% 66.3% 21.0% 17.2% 9.7%