AZZ (AZZ) Financials

$85.11 +0.39 (+0.46%)

Closing price 04/25/2025 03:59 PM Eastern

Extended Trading

$85.14 +0.03 (+0.03%)

As of 04/25/2025 07:48 PM Eastern

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
Net Income / (Loss) Attributable to Common Shareholders	66	76	61	45	51	48	40	84	-61	87
Consolidated Net Income / (Loss)	66	76	61	45	51	48	40	84	-53	102
Net Income / (Loss) Continuing Operations	66	76	61	45	51	48	27	50	66	102
Total Pre-Tax Income	91	102	85	31	63	65	38	73	89	130
Total Operating Income	108	120	99	48	77	79	47	79	174	222
Total Gross Profit	207	228	205	160	199	237	123	146	296	363
Total Revenue	820	889	864	810	927	1,062	481	526	1,324	1,538
Operating Revenue	820	889	864	810	927	1,062	481	526	1,324	1,538
Total Cost of Revenue	613	661	658	650	728	825	358	379	1,028	1,174
Operating Cost of Revenue	613	661	658	650	728	825	358	379	1,028	1,174
Total Operating Expenses	99	108	106	112	122	158	75	67	122	142
Selling, General & Admin Expense	99	108	106	112	122	139	59	67	122	142
Total Other Income / (Expense), net	-17	-18	-14	-17	-14	-14	-9.05	-6.19	-85	-91
Interest Expense	17	15	15	14	15	13	9.46	6.36	89	107
Interest & Investment Income	-	-	-	-	-	-	0.00	0.00	2.60	15
Other Income / (Expense), net	-0.13	-2.77	1.12	-3.49	1.02	-0.99	0.42	0.18	1.24	0.16
Income Tax Expense	26	27	24	-14	12	17	11	23	22	28
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	12	34	-119	0.00
Preferred Stock Dividends Declared	-	-	-	-	-	-	0.00	0.00	8.24	14
Basic Earnings per Share	$2.56	$2.93	$2.36	$1.74	$1.97	$1.84	$1.53	$3.38	($2.47)	$3.48
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
Diluted Earnings per Share	$2.55	$2.91	$2.35	$1.73	$1.96	$1.84	$1.52	$3.35	($2.45)	$3.46
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
Weighted Average Basic & Diluted Shares Outstanding	25.70M	25.92M	26M	26M	26M	25.03M	-	24.69M	24.91M	25.10M
Cash Dividends to Common per Share	-	$0.60	$0.64	$0.68	$0.68	$0.68	$0.68	$0.68	$0.68	$0.68

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	24	-59	-24	-2.54	25	25	23	14	-37	35	34
Consolidated Net Income / (Loss)	24	-58	-21	1.06	29	28	27	18	40	35	34
Net Income / (Loss) Continuing Operations	15	25	18	7.43	29	28	27	18	40	35	34
Total Pre-Tax Income	20	36	21	11	38	34	36	22	51	48	46
Total Operating Income	28	64	45	36	65	61	53	42	70	68	59
Total Gross Profit	60	102	73	61	97	97	88	81	103	104	98
Total Revenue	207	407	373	337	391	399	382	367	413	409	404
Operating Revenue	207	407	373	337	391	399	382	367	413	409	404
Total Cost of Revenue	147	305	300	275	294	301	293	286	311	305	306
Operating Cost of Revenue	147	305	300	275	294	301	293	286	311	305	306
Total Operating Expenses	32	37	28	25	32	36	35	39	33	36	39
Selling, General & Admin Expense	32	37	28	25	32	36	35	39	33	36	39
Total Other Income / (Expense), net	-7.45	-28	-25	-25	-27	-27	-17	-20	-19	-20	-13
Interest Expense	7.47	28	26	27	29	28	26	25	23	22	19
Interest & Investment Income	0.00	0.00	1.01	1.59	1.42	0.97	8.74	4.27	3.82	1.48	7.17
Other Income / (Expense), net	0.03	-0.06	0.61	0.66	-0.04	0.09	-0.04	0.15	0.20	0.42	-0.76
Income Tax Expense	5.11	11	2.45	3.96	9.65	5.97	8.78	4.10	11	12	12
Preferred Stock Dividends Declared	0.00	1.04	3.60	3.60	3.60	3.60	3.60	3.60	76	0.00	0.00
Basic Earnings per Share	$0.97	($2.36)	($0.97)	($0.11)	$1.00	$0.99	$0.93	$0.56	($1.38)	$1.19	$1.12
Weighted Average Basic Shares Outstanding	24.71M	24.84M	24.87M	24.83M	24.94M	25.05M	25.08M	25.04M	26.75M	29.85M	29.88M
Diluted Earnings per Share	$0.96	($1.91)	($0.97)	($0.53)	$0.98	$0.97	$0.92	$0.59	($1.38)	$1.18	$1.12
Weighted Average Diluted Shares Outstanding	25.68M	29.06M	25.00M	24.98M	29.15M	29.21M	29.33M	25.21M	26.75M	30.06M	30.12M
Weighted Average Basic & Diluted Shares Outstanding	24.79M	24.86M	24.89M	24.91M	25.01M	25.08M	25.08M	25.10M	29.82M	29.88M	29.88M
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

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
Net Change in Cash & Equivalents	-5.04	18	-29	9.55	4.59	13	-25	0.25	-21	1.53
Net Cash From Operating Activities	118	144	111	77	110	142	109	61	83	244
Net Cash From Continuing Operating Activities	118	144	111	77	110	142	109	61	91	244
Net Income / (Loss) Continuing Operations	66	76	61	45	51	48	27	50	66	102
Consolidated Net Income / (Loss)	66	76	61	45	51	48	40	84	-61	87
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	12	34	-119	0.00
Depreciation Expense	46	47	50	51	50	50	32	32	75	79
Non-Cash Adjustments To Reconcile Net Income	4.66	4.77	14	21	11	37	24	11	16	24
Changes in Operating Assets and Liabilities, net	0.36	16	-14	-40	-2.24	6.60	25	-33	-66	54
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-	-	-	0.00
Net Cash From Investing Activities	-40	-99	-63	-74	-31	-69	-19	-82	-1,229	-95
Net Cash From Continuing Investing Activities	-40	-99	-41	-74	-31	-69	-19	-82	-1,229	-95
Purchase of Property, Plant & Equipment	-29	-40	-41	-30	-25	-33	-27	-24	-57	-95
Acquisitions	-12	-61	0.00	-45	-8.00	-61	-4.42	-61	-1,283	0.00
Divestitures	-	-	-	0.00	0.00	24	12	0.00	107	0.00
Other Investing Activities, net	-	-	-	-	-	-	-	2.67	4.12	0.06
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-	-	-	0.00
Net Cash From Financing Activities	-82	-25	-77	5.90	-75	-60	-88	0.91	1,027	-148
Net Cash From Continuing Financing Activities	-82	-25	-77	5.90	-75	-60	-88	0.91	1,027	-148
Repayment of Debt	-79	-192	-234	-320	-324	-467	-403	-248	-869	-366
Repurchase of Common Equity	0.00	0.00	-5.28	-7.52	0.00	-5.80	-48	-31	0.00	0.00
Payment of Dividends	-15	-15	-17	-18	-18	-18	-18	-17	-23	-31
Issuance of Debt	11	181	180	349	264	429	378	296	1,920	249
Issuance of Common Equity	-	-	-	3.32	3.77	3.11	2.83	2.79	2.37	2.36
Other Financing Activities, net	0.26	1.03	0.00	-1.22	-0.57	-1.23	-0.71	-2.19	-3.00	-1.71
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-	-	-	0.00
Effect of Exchange Rate Changes	-1.22	-1.29	-0.10	0.78	-	-0.59	-	0.16	0.51	0.01
Other Net Changes in Cash	-	-	-	-	-	-	-27	21	97	0.00

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	86	-88	-15	-4.07	1.06	-1.77	5.40	-3.16	6.20	-8.39	-0.67
Net Cash From Operating Activities	23	18	23	19	47	71	63	64	72	47	66
Net Cash From Continuing Operating Activities	22	20	27	23	47	71	63	64	-3.25	47	66
Net Income / (Loss) Continuing Operations	15	25	18	7.43	29	28	27	18	40	35	34
Consolidated Net Income / (Loss)	24	-59	-24	-2.54	25	25	23	14	-37	35	34
Depreciation Expense	12	22	22	19	19	20	20	20	20	20	21
Non-Cash Adjustments To Reconcile Net Income	3.76	3.07	4.04	5.24	7.13	7.82	0.04	8.79	3.87	10	1.40
Changes in Operating Assets and Liabilities, net	-9.41	-30	-18	-8.63	-3.68	19	19	20	9.35	-19	11
Net Cash From Investing Activities	-1,306	-6.84	105	-21	-17	-26	-24	-28	-27	-31	-26
Net Cash From Continuing Investing Activities	-1,305	-8.17	105	-21	-17	-26	-24	-28	-27	-31	-26
Purchase of Property, Plant & Equipment	-6.47	-12	-16	-22	-17	-26	-24	-28	-27	-32	-26
Net Cash From Financing Activities	1,369	-124	-240	22	-30	-47	-33	-38	-39	-24	-41
Net Cash From Continuing Financing Activities	1,369	-124	-240	22	-30	-47	-33	-38	37	-24	-41
Repayment of Debt	-204	-257	-315	-93	-112	-91	-72	-91	-101	-138	-114
Payment of Dividends	-4.19	-4.23	-4.25	-10	-7.84	-7.85	-7.86	-7.87	-7.87	-5.08	-5.08
Issuance of Debt	1,579	136	80	125	92	50	47	60	75	118	78
Effect of Exchange Rate Changes	-0.05	2.55	-4.70	2.70	0.74	-0.70	0.03	-0.05	0.17	-0.31	0.69

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

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
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

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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.04%	8.50%	-2.91%	-6.15%	14.39%	14.53%	-54.74%	9.37%	151.84%	16.16%
EBITDA Growth	-0.22%	6.22%	-8.83%	-36.64%	34.57%	0.25%	-37.78%	39.37%	123.79%	20.73%
EBIT Growth	-4.05%	9.06%	-14.89%	-55.25%	74.21%	0.48%	-38.88%	65.78%	120.27%	26.81%
NOPAT Growth	22.18%	14.35%	-19.97%	-0.72%	-11.32%	-5.71%	-43.06%	60.92%	140.39%	33.23%
Net Income Growth	10.10%	15.13%	-18.90%	-26.27%	13.37%	-5.81%	-17.87%	112.10%	-163.05%	291.81%
EPS Growth	9.91%	14.12%	-19.24%	-26.38%	13.29%	-6.12%	-17.39%	120.39%	-173.13%	241.22%
Operating Cash Flow Growth	10.14%	21.52%	-22.57%	-30.91%	43.83%	28.82%	-23.33%	-44.46%	37.28%	193.87%
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%
Invested Capital Growth	-2.47%	4.68%	3.05%	6.55%	-2.93%	-4.54%	0.44%	-38.17%	275.01%	-2.15%
Revenue Q/Q Growth	0.53%	2.12%	-2.21%	2.06%	0.20%	4.20%	-45.92%	57.54%	30.23%	1.99%
EBITDA Q/Q Growth	2.49%	-1.18%	-0.43%	-13.83%	5.93%	-13.84%	-1.60%	6.36%	22.11%	2.44%
EBIT Q/Q Growth	2.55%	-1.65%	-0.70%	-25.83%	10.93%	-21.50%	40.33%	0.68%	21.07%	2.58%
NOPAT Q/Q Growth	10.45%	-0.99%	-6.31%	60.38%	-28.08%	-25.15%	74.79%	-5.33%	25.34%	5.27%
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%
EPS Q/Q Growth	11.35%	-3.64%	-3.69%	33.08%	-22.22%	-28.68%	204.00%	7.72%	-131.13%	47.86%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.23%	25.65%	23.78%	19.78%	21.42%	22.34%	25.57%	27.81%	22.36%	23.64%
EBITDA Margin	18.94%	18.55%	17.42%	11.76%	13.83%	12.11%	16.64%	21.21%	18.85%	19.59%
Operating Margin	13.16%	13.53%	11.45%	5.95%	8.30%	7.47%	9.88%	15.07%	13.12%	14.41%
EBIT Margin	13.15%	13.21%	11.58%	5.52%	8.41%	7.38%	9.97%	15.11%	13.21%	14.42%
Profit (Net Income) Margin	8.01%	8.49%	7.09%	5.57%	5.52%	4.54%	8.24%	15.99%	-4.00%	6.61%
Tax Burden Percent	71.94%	73.79%	71.82%	146.18%	81.28%	74.33%	103.08%	115.05%	-59.74%	78.10%
Interest Burden Percent	84.63%	87.11%	85.27%	69.03%	80.80%	82.82%	80.25%	91.99%	50.71%	58.67%
Effective Tax Rate	28.06%	26.21%	28.18%	-46.18%	18.72%	25.67%	29.27%	31.79%	25.19%	21.90%
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%
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%
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%
Return on Equity (ROE)	16.49%	16.71%	12.04%	8.23%	8.76%	7.86%	6.36%	13.02%	-6.97%	11.37%
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%
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%
Return on Assets (ROA)	6.94%	7.85%	6.23%	4.50%	4.84%	4.63%	3.97%	7.88%	-3.16%	4.60%
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%
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%
Net Operating Profit after Tax (NOPAT)	78	89	71	71	63	59	34	54	130	173
NOPAT Margin	9.47%	9.98%	8.23%	8.70%	6.75%	5.55%	6.99%	10.28%	9.81%	11.26%
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%
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%
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%
R&D to Revenue	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%
Earnings before Interest and Taxes (EBIT)	108	118	100	45	78	78	48	79	175	222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	165	150	95	128	129	80	111	249	301
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
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
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
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
Dividend Yield	1.46%	1.34%	1.22%	1.84%	2.01%	1.97%	1.40%	1.43%	1.71%	0.94%
Earnings Yield	6.44%	6.55%	4.51%	4.70%	4.64%	5.34%	3.21%	7.17%	0.00%	4.80%
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
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
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
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
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
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
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
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
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
Financial Leverage	0.87	0.66	0.54	0.49	0.43	0.31	0.26	-0.01	0.52	1.02
Leverage Ratio	2.37	2.13	1.93	1.83	1.81	1.70	1.60	1.65	2.21	2.47
Compound Leverage Factor	2.01	1.85	1.65	1.26	1.46	1.41	1.28	1.52	1.12	1.45
Debt to Total Capital	44.58%	40.20%	33.74%	34.74%	28.51%	22.25%	22.25%	25.34%	55.35%	50.48%
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%
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%
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%
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%
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%
Debt to EBITDA	2.18	1.97	1.80	3.16	1.88	1.39	2.23	2.03	4.24	3.16
Net Debt to EBITDA	2.03	1.73	1.73	2.94	1.69	1.27	2.05	1.92	3.89	2.82
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
Debt to NOPAT	4.35	3.67	3.82	4.27	3.85	3.03	5.31	4.19	8.15	5.51
Net Debt to NOPAT	4.06	3.22	3.66	3.97	3.47	2.77	4.87	3.97	7.47	4.91
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
Altman Z-Score	3.21	3.51	3.96	3.12	3.39	3.78	3.60	3.18	1.73	2.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.37%	26.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.00	2.11	2.17	2.50	2.30	2.67	2.62	2.57	2.23	1.89
Quick Ratio	1.22	1.57	1.46	1.23	1.03	1.26	1.23	0.65	0.99	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	96	54	48	19	87	96	30	354	-1,208	212
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.92	0.88	0.81	0.88	1.02	0.48	0.49	0.79	0.70
Accounts Receivable Turnover	5.42	5.02	4.50	4.91	6.47	7.78	3.74	4.92	9.86	9.01
Inventory Turnover	5.69	7.16	7.69	6.35	6.18	7.57	3.83	4.29	9.06	8.98
Fixed Asset Turnover	4.16	4.21	3.80	3.64	4.34	5.10	2.33	2.63	3.83	2.96
Accounts Payable Turnover	13.86	13.73	13.63	12.51	13.59	17.53	8.66	11.43	18.84	13.63
Days Sales Outstanding (DSO)	67.39	72.68	81.08	74.36	56.37	46.92	97.56	74.26	37.02	40.50
Days Inventory Outstanding (DIO)	64.10	51.01	47.45	57.48	59.03	48.19	95.28	85.04	40.30	40.66
Days Payable Outstanding (DPO)	26.33	26.58	26.77	29.19	26.86	20.82	42.13	31.93	19.37	26.77
Cash Conversion Cycle (CCC)	105.16	97.11	101.75	102.66	88.54	74.30	150.70	127.38	57.95	54.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	735	770	793	845	820	783	787	486	1,824	1,785
Invested Capital Turnover	1.10	1.18	1.10	0.99	1.11	1.32	0.61	0.83	1.15	0.85
Increase / (Decrease) in Invested Capital	-19	34	23	52	-25	-37	3.45	-300	1,338	-39
Enterprise Value (EV)	1,335	1,438	1,620	1,241	1,320	1,067	1,397	1,387	2,197	2,901
Market Capitalization	1,019	1,153	1,360	960	1,103	904	1,234	1,173	993	1,817
Book Value per Share	$16.34	$18.75	$20.54	$21.77	$23.14	$23.75	$24.57	$27.03	$24.89	$27.94
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)
Total Capital	758	810	805	866	844	802	802	894	1,912	1,887
Total Debt	338	326	271	301	241	178	178	226	1,058	953
Total Long-Term Debt	316	302	255	287	241	178	178	226	1,058	953
Net Debt	315	285	260	280	217	164	164	214	971	850
Capital Expenditures (CapEx)	28	39	41	29	23	32	27	24	57	95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	149	149	166	191	190	175	174	224	227	168
Debt-free Net Working Capital (DFNWC)	171	189	177	212	214	190	188	236	230	173
Net Working Capital (NWC)	149	166	160	197	214	190	188	236	230	173
Net Nonoperating Expense (NNE)	12	13	9.78	25	11	11	-6.03	-30	183	71
Net Nonoperating Obligations (NNO)	315	285	260	280	217	160	163	-181	971	850
Total Depreciation and Amortization (D&A)	48	47	50	51	50	50	32	32	75	79
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%
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%
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%
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	78	89	71	34	63	73	45	54	130	173
Normalized NOPAT Margin	9.47%	9.98%	8.23%	4.17%	6.75%	6.86%	9.36%	10.28%	9.81%	11.26%
Pre Tax Income Margin	11.13%	11.51%	9.88%	3.81%	6.80%	6.11%	8.00%	13.89%	6.70%	8.46%
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
NOPAT to Interest Expense	4.69	5.86	4.82	5.09	4.18	4.38	3.55	8.49	1.46	1.62
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
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
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%
Augmented Payout Ratio	22.70%	20.49%	35.79%	55.78%	34.60%	48.97%	166.49%	56.76%	-42.92%	30.92%

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.87%	209.44%	176.35%	1,050.24%	88.71%	-2.01%	2.22%	8.93%	5.71%	2.63%	5.78%
EBITDA Growth	-6.98%	244.83%	101.47%	431.68%	110.43%	-5.51%	7.65%	12.91%	7.49%	8.91%	7.20%
EBIT Growth	-11.82%	221.77%	115.16%	474.48%	134.31%	-4.67%	14.74%	15.12%	6.87%	11.41%	9.45%
NOPAT Growth	-8.48%	186.24%	183.69%	15,732.32%	133.72%	12.41%	-0.63%	45.59%	10.66%	-0.18%	8.04%
Net Income Growth	7.79%	-403.35%	-197.42%	-95.09%	18.46%	149.21%	230.90%	1,583.60%	38.85%	25.01%	24.96%
EPS Growth	9.09%	-351.32%	-214.12%	-161.63%	2.08%	150.79%	194.85%	211.32%	-240.82%	21.65%	21.74%
Operating Cash Flow Growth	110.77%	-33.85%	181.27%	31.02%	101.16%	304.58%	171.99%	230.80%	53.42%	-33.54%	5.72%
Free Cash Flow Firm Growth	-41,407.07%	-21.94%	-8,278.48%	-537.41%	130.82%	103.98%	104.07%	105.61%	-78.52%	33.18%	-11.96%
Invested Capital Growth	172.62%	125.16%	121.86%	275.01%	-16.99%	0.68%	0.07%	-2.15%	-2.00%	-0.02%	0.51%
Revenue Q/Q Growth	608.03%	96.35%	-8.21%	-9.86%	16.16%	1.96%	-4.25%	-3.94%	12.72%	-1.02%	-1.31%
EBITDA Q/Q Growth	281.43%	115.46%	-20.99%	-18.12%	50.97%	-3.26%	-9.98%	-14.12%	43.72%	-1.98%	-11.40%
EBIT Q/Q Growth	335.48%	129.40%	-28.22%	-19.89%	77.62%	-6.67%	-13.61%	-19.62%	64.89%	-2.70%	-15.12%
NOPAT Q/Q Growth	13,937.38%	114.09%	-10.60%	-41.07%	107.23%	2.97%	-20.98%	-13.66%	57.51%	-7.12%	-14.47%
Net Income Q/Q Growth	11.35%	-339.11%	64.32%	105.17%	2,588.22%	-0.67%	-5.09%	-33.57%	121.70%	-10.56%	-5.13%
EPS Q/Q Growth	11.63%	-298.96%	49.21%	45.36%	284.91%	-1.02%	-5.15%	-35.87%	-333.90%	185.51%	-5.08%
Operating Cash Flow Q/Q Growth	59.01%	-24.24%	30.30%	-16.53%	144.13%	52.36%	-12.40%	1.52%	13.23%	-34.00%	39.34%
Free Cash Flow Firm Q/Q Growth	-555.50%	30.13%	1.06%	-38.91%	132.10%	-90.98%	1.16%	91.32%	22.95%	-44.04%	-33.12%
Invested Capital Q/Q Growth	351.11%	-17.94%	-0.30%	1.61%	-0.15%	-0.47%	-0.90%	-0.65%	0.01%	1.54%	-0.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.99%	24.97%	19.58%	18.20%	24.82%	24.40%	23.10%	22.11%	24.85%	25.31%	24.22%
EBITDA Margin	19.27%	21.14%	18.20%	16.53%	21.49%	20.39%	19.17%	17.14%	21.85%	21.64%	19.42%
Operating Margin	13.47%	15.77%	12.16%	10.76%	16.76%	15.31%	13.84%	11.53%	16.88%	16.54%	14.50%
EBIT Margin	13.49%	15.76%	12.32%	10.95%	16.75%	15.33%	13.83%	11.57%	16.93%	16.64%	14.31%
Profit (Net Income) Margin	11.62%	-14.16%	-5.50%	0.32%	7.30%	7.11%	7.05%	4.87%	9.58%	8.66%	8.32%
Tax Burden Percent	117.66%	-160.17%	-98.35%	9.32%	74.72%	82.60%	75.39%	81.34%	77.65%	74.36%	73.50%
Interest Burden Percent	73.25%	56.08%	45.40%	30.89%	58.32%	56.14%	67.58%	51.77%	72.91%	69.98%	79.13%
Effective Tax Rate	24.98%	30.11%	11.72%	34.75%	25.28%	17.40%	24.61%	18.66%	22.35%	25.64%	26.50%
Return on Invested Capital (ROIC)	3.39%	6.60%	8.38%	8.04%	9.40%	10.49%	8.76%	7.99%	11.34%	10.66%	9.42%
ROIC Less NNEP Spread (ROIC-NNEP)	3.77%	-11.99%	-2.61%	2.33%	7.74%	8.12%	7.34%	6.18%	9.69%	8.93%	8.28%
Return on Net Nonoperating Assets (RNNOA)	4.76%	-8.82%	-1.92%	1.21%	12.19%	8.57%	7.52%	6.29%	9.32%	8.13%	7.01%
Return on Equity (ROE)	8.15%	-2.22%	6.46%	9.25%	21.59%	19.06%	16.28%	14.28%	20.66%	18.78%	16.44%
Cash Return on Invested Capital (CROIC)	-89.22%	-70.86%	-67.76%	-104.55%	26.43%	8.41%	9.08%	11.77%	11.90%	9.85%	9.55%
Operating Return on Assets (OROA)	3.55%	6.80%	7.74%	8.64%	10.12%	9.58%	9.46%	8.06%	11.89%	11.73%	10.24%
Return on Assets (ROA)	3.06%	-6.11%	-3.46%	0.25%	4.41%	4.44%	4.82%	3.39%	6.73%	6.11%	5.95%
Return on Common Equity (ROCE)	8.15%	-2.22%	6.46%	7.83%	21.59%	19.05%	16.28%	10.55%	20.65%	18.78%	16.43%
Return on Equity Simple (ROE_SIMPLE)	12.47%	1.07%	-3.80%	0.00%	-5.57%	4.16%	9.21%	0.00%	11.65%	11.98%	12.29%
Net Operating Profit after Tax (NOPAT)	21	45	40	24	49	50	40	34	54	50	43
NOPAT Margin	10.11%	11.02%	10.74%	7.02%	12.52%	12.64%	10.44%	9.38%	13.11%	12.30%	10.66%
Net Nonoperating Expense Percent (NNEP)	-0.38%	18.58%	10.98%	5.71%	1.66%	2.38%	1.42%	1.81%	1.65%	1.72%	1.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.09%	-	-	-	2.25%
Cost of Revenue to Revenue	71.01%	75.03%	80.42%	81.80%	75.18%	75.60%	76.90%	77.89%	75.15%	74.69%	75.78%
SG&A Expenses to Revenue	15.52%	9.20%	7.42%	7.45%	8.06%	9.09%	9.26%	10.58%	7.97%	8.77%	9.72%
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	15.52%	9.20%	7.42%	7.45%	8.06%	9.09%	9.26%	10.58%	7.97%	8.77%	9.72%
Earnings before Interest and Taxes (EBIT)	28	64	46	37	65	61	53	42	70	68	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	86	68	56	84	81	73	63	90	88	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.20	1.19	1.60	0.98	1.35	1.33	2.59	2.17	2.48	2.70
Price to Tangible Book Value (P/TBV)	0.00	8.59	7.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.13	1.32	1.00	0.75	0.57	0.81	0.81	1.18	1.35	1.58	1.75
Price to Earnings (P/E)	12.47	125.63	0.00	0.00	0.00	52.89	17.35	20.84	82.42	68.55	59.86
Dividend Yield	1.57%	1.64%	1.67%	1.71%	1.98%	1.40%	1.40%	0.94%	1.02%	0.82%	0.73%
Earnings Yield	8.02%	0.80%	0.00%	0.00%	0.00%	1.89%	5.76%	4.80%	1.21%	1.46%	1.67%
Enterprise Value to Invested Capital (EV/IC)	1.17	1.26	1.13	1.20	0.99	1.18	1.17	1.63	1.64	1.82	1.97
Enterprise Value to Revenue (EV/Rev)	5.12	2.91	2.00	1.66	1.20	1.42	1.39	1.89	1.87	2.10	2.23
Enterprise Value to EBITDA (EV/EBITDA)	23.72	13.35	9.95	8.81	6.16	7.38	7.13	9.63	9.49	10.46	11.12
Enterprise Value to EBIT (EV/EBIT)	34.06	18.92	14.07	12.56	8.51	10.17	9.70	13.08	12.90	14.12	14.94
Enterprise Value to NOPAT (EV/NOPAT)	49.99	28.46	19.61	16.91	11.45	12.96	12.76	16.76	16.39	18.48	19.64
Enterprise Value to Operating Cash Flow (EV/OCF)	35.37	35.53	25.84	26.41	16.92	13.27	10.48	11.87	10.83	13.41	14.28
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	3.41	14.01	12.86	13.66	13.61	18.44	20.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.34	1.46	1.20	1.24	1.19	1.12	1.06	1.02	0.96	0.91	0.85
Long-Term Debt to Equity	2.32	1.44	1.19	1.24	1.19	1.12	1.06	1.02	0.96	0.91	0.85
Financial Leverage	1.26	0.74	0.74	0.52	1.58	1.06	1.02	1.02	0.96	0.91	0.85
Leverage Ratio	2.88	2.41	2.16	2.21	3.20	2.73	2.49	2.47	2.42	2.35	2.28
Compound Leverage Factor	2.11	1.35	0.98	0.68	1.87	1.53	1.68	1.28	1.76	1.64	1.81
Debt to Total Capital	70.05%	59.27%	54.56%	55.35%	54.43%	52.74%	51.55%	50.48%	49.01%	47.72%	46.07%
Short-Term Debt to Total Capital	0.57%	0.62%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.48%	58.66%	53.87%	55.35%	54.43%	52.74%	51.55%	50.48%	49.01%	47.72%	46.07%
Preferred Equity to Total Capital	0.00%	0.01%	0.01%	0.00%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	12.23%	0.00%	0.00%	0.00%	12.38%	0.00%	0.00%	0.00%
Common Equity to Total Capital	29.95%	40.71%	45.43%	32.42%	45.56%	47.24%	48.44%	37.13%	50.99%	52.28%	53.93%
Debt to EBITDA	14.80	7.37	5.01	4.24	3.55	3.47	3.33	3.16	3.02	2.90	2.75
Net Debt to EBITDA	13.87	7.30	4.99	3.89	3.24	3.17	2.98	2.82	2.66	2.58	2.42
Long-Term Debt to EBITDA	14.68	7.29	4.95	4.24	3.55	3.47	3.33	3.16	3.02	2.90	2.75
Debt to NOPAT	31.20	15.71	9.88	8.15	6.59	6.10	5.96	5.51	5.22	5.12	4.86
Net Debt to NOPAT	29.24	15.56	9.85	7.47	6.02	5.57	5.32	4.91	4.59	4.56	4.28
Long-Term Debt to NOPAT	30.94	15.54	9.75	8.15	6.59	6.10	5.96	5.51	5.22	5.12	4.86
Altman Z-Score	0.99	1.18	1.41	1.53	1.63	1.78	1.79	2.09	2.22	2.45	2.63
Noncontrolling Interest Sharing Ratio	0.00%	0.02%	0.02%	15.37%	0.02%	0.03%	0.03%	26.14%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.15	1.88	1.84	2.23	2.27	1.99	1.96	1.89	1.77	1.85	1.77
Quick Ratio	1.07	0.59	0.80	0.99	0.97	0.90	0.90	0.83	0.77	0.82	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,368	-956	-946	-1,314	422	38	39	74	91	51	34
Operating Cash Flow to CapEx	362.03%	144.47%	140.41%	87.17%	275.26%	278.12%	258.90%	225.17%	262.61%	147.91%	250.24%
Free Cash Flow to Firm to Interest Expense	-183.13	-33.97	-36.21	-48.56	14.69	1.37	1.49	2.98	3.98	2.31	1.76
Operating Cash Flow to Interest Expense	3.12	0.63	0.88	0.71	1.63	2.57	2.42	2.57	3.16	2.17	3.44
Operating Cash Flow Less CapEx to Interest Expense	2.26	0.19	0.25	-0.10	1.04	1.65	1.49	1.43	1.96	0.70	2.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.43	0.63	0.79	0.60	0.62	0.68	0.70	0.70	0.71	0.72
Accounts Receivable Turnover	2.58	4.76	6.39	9.86	7.07	7.94	8.69	9.01	9.39	8.73	9.32
Inventory Turnover	2.45	4.58	6.18	9.06	7.02	8.39	8.68	8.98	9.19	9.49	10.00
Fixed Asset Turnover	1.44	2.23	2.94	3.83	3.03	2.96	2.97	2.96	2.95	2.89	2.88
Accounts Payable Turnover	3.02	5.59	10.14	18.84	8.02	8.20	11.41	13.63	10.62	10.12	12.52
Days Sales Outstanding (DSO)	141.63	76.71	57.12	37.02	51.60	45.97	41.98	40.50	38.87	41.82	39.17
Days Inventory Outstanding (DIO)	148.91	79.77	59.07	40.30	51.98	43.48	42.05	40.66	39.71	38.44	36.49
Days Payable Outstanding (DPO)	120.67	65.26	36.00	19.37	45.54	44.51	32.00	26.77	34.36	36.06	29.16
Cash Conversion Cycle (CCC)	169.88	91.22	80.19	57.95	58.05	44.94	52.03	54.39	44.22	44.21	46.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,194	1,800	1,795	1,824	1,821	1,813	1,796	1,785	1,785	1,812	1,806
Invested Capital Turnover	0.34	0.60	0.78	1.15	0.75	0.83	0.84	0.85	0.87	0.87	0.88
Increase / (Decrease) in Invested Capital	1,389	1,001	986	1,338	-373	12	1.32	-39	-36	-0.39	9.12
Enterprise Value (EV)	2,577	2,267	2,032	2,197	1,807	2,130	2,097	2,901	2,918	3,292	3,559
Market Capitalization	1,070	1,027	1,011	993	857	1,215	1,222	1,817	2,101	2,480	2,783
Book Value per Share	$27.85	$34.67	$34.28	$24.89	$34.97	$35.89	$36.72	$27.94	$38.53	$33.53	$34.46
Tangible Book Value per Share	($33.44)	$4.82	$5.57	($22.18)	($12.17)	($10.98)	($9.41)	($17.95)	($7.07)	($4.69)	($3.44)
Total Capital	2,295	2,111	1,876	1,912	1,912	1,900	1,901	1,887	1,897	1,912	1,909
Total Debt	1,608	1,251	1,024	1,058	1,041	1,002	980	953	930	913	880
Total Long-Term Debt	1,595	1,238	1,011	1,058	1,041	1,002	980	953	930	913	880
Net Debt	1,507	1,240	1,020	971	950	915	875	850	818	813	776
Capital Expenditures (CapEx)	6.44	12	16	22	17	26	24	28	27	32	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	298	310	196	227	225	201	185	168	162	182	171
Debt-free Net Working Capital (DFNWC)	399	321	199	230	228	204	193	173	172	184	172
Net Working Capital (NWC)	386	308	186	230	228	204	193	173	172	184	172
Net Nonoperating Expense (NNE)	-3.14	102	61	23	20	22	13	17	15	15	9.42
Net Nonoperating Obligations (NNO)	1,507	941	943	971	950	915	875	850	818	813	776
Total Depreciation and Amortization (D&A)	12	22	22	19	19	20	20	20	20	20	21
Debt-free, Cash-free Net Working Capital to Revenue	59.25%	39.82%	19.24%	17.18%	14.89%	13.44%	12.29%	10.95%	10.38%	11.58%	10.72%
Debt-free Net Working Capital to Revenue	79.34%	41.27%	19.57%	17.39%	15.15%	13.58%	12.78%	11.23%	11.06%	11.72%	10.81%
Net Working Capital to Revenue	76.75%	39.60%	18.29%	17.39%	15.15%	13.58%	12.78%	11.23%	11.06%	11.72%	10.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.97	($2.36)	($0.97)	($0.11)	$1.00	$0.99	$0.93	$0.56	($1.38)	$1.19	$1.12
Adjusted Weighted Average Basic Shares Outstanding	24.79M	24.86M	24.89M	24.83M	24.94M	25.05M	25.08M	25.04M	26.75M	29.85M	29.88M
Adjusted Diluted Earnings per Share	$0.96	($1.91)	($0.97)	($0.53)	$0.98	$0.97	$0.92	$0.59	($1.38)	$1.18	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	24.79M	24.86M	24.89M	24.98M	29.15M	29.21M	29.33M	25.21M	26.75M	30.06M	30.12M
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	24.79M	24.86M	24.89M	24.91M	25.01M	25.08M	25.08M	25.10M	29.82M	29.88M	29.88M
Normalized Net Operating Profit after Tax (NOPAT)	21	45	40	24	49	50	40	34	54	50	43
Normalized NOPAT Margin	10.11%	11.02%	10.74%	7.02%	12.52%	12.64%	10.44%	9.38%	13.11%	12.30%	10.66%
Pre Tax Income Margin	9.88%	8.84%	5.59%	3.38%	9.77%	8.61%	9.35%	5.99%	12.34%	11.65%	11.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.74	2.28	1.76	1.36	2.28	2.20	2.04	1.72	3.07	3.11	3.01
NOPAT to Interest Expense	2.80	1.59	1.53	0.87	1.70	1.81	1.54	1.39	2.38	2.30	2.24
EBIT Less CapEx to Interest Expense	2.88	1.84	1.13	0.55	1.69	1.27	1.11	0.57	1.87	1.64	1.63
NOPAT Less CapEx to Interest Expense	1.94	1.16	0.91	0.06	1.11	0.89	0.61	0.25	1.18	0.83	0.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.61%	182.14%	-52.03%	-42.92%	-54.36%	80.30%	39.65%	30.92%	27.91%	23.94%	20.47%
Augmented Payout Ratio	19.61%	182.14%	-52.03%	-42.92%	-54.36%	80.30%	39.65%	30.92%	27.91%	23.94%	20.47%

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 2024 ended on February 29, 2024.

How has AZZ's net income changed over the last 9 years?

AZZ's net income appears to be on a downward trend, with a most recent value of $101.61 million in 2024, rising from $65.62 million in 2015. The previous period was -$52.97 million in 2023.

What is AZZ's operating income?

AZZ's total operating income in 2024 was $221.60 million, based on the following breakdown:

Total Gross Profit: $363.46 million
Total Operating Expenses: $141.86 million

How has AZZ revenue changed over the last 9 years?

Over the last 9 years, AZZ's total revenue changed from $819.69 million in 2015 to $1.54 billion in 2024, a change of 87.6%.

How much debt does AZZ have?

AZZ's total liabilities were at $1.26 billion at the end of 2024, a 7.8% decrease from 2023, and a 144.0% increase since 2015.

How much cash does AZZ have?

In the past 9 years, AZZ's cash and equivalents has ranged from $2.82 million in 2023 to $40.19 million in 2016, and is currently $4.35 million as of their latest financial filing in 2024.

How has AZZ's book value per share changed over the last 9 years?

Over the last 9 years, AZZ's book value per share changed from 16.34 in 2015 to 27.94 in 2024, a change of 71.1%.

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This page (NYSE:AZZ) was last updated on 4/27/2025 by MarketBeat.com Staff

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AZZ (AZZ) Financials

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AZZ (AZZ) Financials

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