AZZ Financials Azz Inc

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 29 h ago 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

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	FCF	Total debt	Cash
2026	$1.7B	$317M	23.9%	16.0%	$445M	$478M	$705000
2025	$1.6B	$52M	24.3%	15.0%	$134M	$852M	$1M
2024	$1.5B	$87M	23.6%	14.4%	$149M	$953M	$4M
2023	$1.3B	-$61M	22.4%	13.1%	—	$1.1B	$3M
2022	$526M	$84M	27.8%	15.1%	$62M	$226M	$12M
2021	$481M	$40M	25.6%	9.9%	$65M	$178M	$15M
2020	$1.1B	$48M	22.3%	7.5%	$110M	$203M	$37M
2019	$927M	$51M	21.4%	8.3%	$86M	$241M	$24M
2018	—	$45M	—	—	$47M	$301M	$21M
2017	—	$61M	—	—	$70M	$271M	$11M
2016	—	$76M	—	—	$104M	$326M	$40M
2015	—	$66M	—	—	$89M	$338M	$23M
2014	—	$60M	—	—	$64M	$406M	$28M
2013	—	$60M	—	—	$68M	$211M	$56M
2012	—	$41M	—	—	$44M	$225M	$143M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Feb '26	$385M	$16M	22.7%	14.8%	$51M	$478M	$705000
Nov '25	$426M	$41M	23.9%	16.3%	$61M	$535M	$623000
Aug '25	$417M	$89M	24.3%	16.4%	$39M	$567M	$897000
May '25	$422M	$171M	24.7%	16.5%	$294M	$570M	$3M
Feb '25	$352M	$20M	22.4%	11.5%	$34M	$852M	$1M
Nov '24	$404M	$34M	24.2%	14.5%	$40M	$880M	$1M
Aug '24	$409M	$35M	25.3%	16.5%	$15M	$913M	$2M
May '24	$413M	$40M	24.8%	16.9%	$45M	$930M	$11M
Feb '24	$367M	$18M	22.1%	11.5%	—	$953M	$4M
Nov '23	$382M	$27M	23.1%	13.8%	$38M	$980M	$8M
Aug '23	$399M	$28M	24.4%	15.3%	$46M	$1.0B	$2M
May '23	$391M	$29M	24.8%	16.8%	$30M	$1.0B	$4M
Feb '23	$337M	$1M	18.2%	10.8%	—	$1.1B	$3M
Nov '22	$373M	-$21M	19.6%	12.2%	—	$1.0B	$3M
Aug '22	$407M	-$58M	25.0%	15.8%	—	$1.3B	$11M
May '22	$207M	$24M	29.0%	13.5%	$17M	$1.6B	$101M
Feb '22	$130M	$22M	27.7%	12.7%	$29M	$226M	$12M
Nov '21	$135M	$21M	27.8%	15.8%	$7M	$191M	$20M
Aug '21	$131M	$19M	27.7%	15.2%	$24M	$182M	$15M
May '21	$230M	$22M	25.2%	13.4%	$4M	$185M	$12M

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 24.9× (Feb '24) to 15.1× (Jun '26).
The price-to-sales ratio has risen from 0.9× (Mar '23) to 2.9× (Jun '26).
The dividend yield has fallen from 1.8% (Mar '23) to 0.5% (Jun '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 Inc'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 Inc 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?

As of Jun '26, Azz Inc traded at a price-to-earnings ratio of about 15.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.