AZZ Financials AZZ

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 18, 2026, 10:25 UTC Overview →

Growth & profitability

Revenue has grown 28.0% per year over the past 5 years.
Net income has grown faster than revenue (51.6% vs 28.0% per year).
Operating margin has expanded, at 16.0% in the latest year.
Free cash flow has grown 47.0% per year over the past 5 years.

Financial health

Total debt ($478M) exceeds cash ($705000); net debt is $477M.
Total debt has grown slower than revenue (21.8% vs 28.0% per year).
Operating income covered interest expense 4.8× in the latest year, down from 5.0× 5 years ago.
Total debt is 1.3× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 7.3% of earnings and 5.2% of free cash flow.
The dividend has grown 5.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$1.7B	$317M	23.9%	16.0%	23.7%	14.3%	$445M	$478M	$705000
2025	$1.6B	$52M	24.3%	15.0%	5.0%	2.4%	$134M	$852M	$1M
2024	$1.5B	$87M	23.6%	14.4%	12.4%	4.0%	$149M	$953M	$4M
2023	$1.3B	-$61M	22.4%	13.1%	-9.9%	-2.8%	—	$1.1B	$3M
2022	$526M	$84M	27.8%	15.1%	12.6%	7.4%	$62M	$226M	$12M
2021	$481M	$40M	25.6%	9.9%	6.4%	4.0%	$65M	$178M	$15M
2020	$1.1B	$48M	22.3%	7.5%	7.6%	4.5%	$110M	$203M	$37M
2019	$927M	$51M	21.4%	8.3%	8.5%	4.7%	$86M	$241M	$24M
2018	—	$45M	—	—	8.0%	4.4%	$47M	$301M	$21M
2017	—	$61M	—	—	11.5%	6.3%	$70M	$271M	$11M
2016	—	$76M	—	—	15.6%	7.6%	$104M	$326M	$40M
2015	—	$66M	—	—	15.5%	7.1%	$89M	$338M	$23M
2014	—	$60M	—	—	15.7%	6.3%	$64M	$406M	$28M
2013	—	$60M	—	—	18.1%	8.7%	$68M	$211M	$56M
2012	—	$41M	—	—	14.2%	6.7%	$44M	$225M	$143M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$487M	$58M	25.1%	17.2%	4.1%	2.5%	$84M	$468M	$2M
May '26	$449M	$52M	25.0%	17.2%	3.8%	2.3%	$18M	$481M	$1M
Feb '26	$385M	$16M	22.7%	14.8%	1.2%	0.7%	$51M	$478M	$705000
Nov '25	$426M	$41M	23.9%	16.3%	3.1%	1.8%	$61M	$535M	$623000
Aug '25	$417M	$89M	24.3%	16.4%	6.9%	4.0%	$39M	$567M	$897000
May '25	$422M	$171M	24.7%	16.5%	14.1%	7.9%	$294M	$570M	$3M
Feb '25	$352M	$20M	22.4%	11.5%	1.9%	0.9%	$34M	$852M	$1M
Nov '24	$404M	$34M	24.2%	14.5%	3.3%	1.5%	$40M	$880M	$1M
Aug '24	$409M	$35M	25.3%	16.5%	3.5%	1.6%	$15M	$913M	$2M
May '24	$413M	$40M	24.8%	16.9%	4.1%	1.8%	$45M	$930M	$11M
Feb '24	$367M	$18M	22.1%	11.5%	2.5%	0.8%	—	$953M	$4M
Nov '23	$382M	$27M	23.1%	13.8%	3.9%	1.2%	$38M	$980M	$8M
Aug '23	$399M	$28M	24.4%	15.3%	4.3%	1.3%	$46M	$1.0B	$2M
May '23	$391M	$29M	24.8%	16.8%	4.5%	1.3%	$30M	$1.0B	$4M
Feb '23	$337M	$1M	18.2%	10.8%	0.2%	0.0%	—	$1.1B	$3M
Nov '22	$373M	-$21M	19.6%	12.2%	-2.4%	-0.9%	—	$1.0B	$3M
Aug '22	$407M	-$58M	25.0%	15.8%	-6.7%	-2.2%	—	$1.3B	$11M
May '22	$207M	$24M	29.0%	13.5%	3.5%	0.9%	$17M	$1.6B	$101M
Feb '22	$130M	$22M	27.7%	12.7%	3.2%	1.9%	$29M	$226M	$12M
Nov '21	$135M	$21M	27.8%	15.8%	3.3%	2.0%	$7M	$191M	$20M

Valuation over time

How the market has priced AZZ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 25.0× (Feb '24) to 12.9× (Nov '26).
The price-to-sales ratio has risen from 0.9× (Mar '23) to 2.5× (Nov '26).
The dividend yield has fallen from 1.8% (Mar '23) to 0.6% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is AZZ growing its revenue and profit?

Over the past 5 years, AZZ's revenue has grown 28.0% per year, and net income grown 51.6% per year. These are computed facts, not advice.

How much debt does AZZ have?

As of FY2026, AZZ reported $478M of total debt against $705000 of cash; operating income covered interest expense 4.8×.

What is AZZ's profit margin?

In FY2026, gross margin was 23.9%, operating margin 16.0%, and net margin 19.2%.

What is AZZ's P/E ratio?

AZZ's P/E (TTM) is 24.43 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AZZ stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.