AZZ Inc. (AZZ) Stock Analysis
Industrials · Specialty Business Services · NYSE
AZZ Inc. (AZZ) posted $1.65B in revenue for fiscal 2026 (up 4.6% year over year), at a 19.2% net margin, and has compounded revenue about 28.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on AZZ Inc.
AZZ Inc. has grown revenue from $863.54M to $1.65B over the last 10 fiscal years, compounding about 28% a year. The most recent year was up 4.6%, so growth has cooled from its longer-run pace.
Net margin sits at 19.2%, up 15.9 points year over year on a 23.9% gross margin. It carries about $477.74M of total debt.
At today's valuation the market is pricing in roughly -2.5% annual free-cash-flow growth — versus the 47% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from AZZ Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
AZZ Inc. revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $863.54M | $810.43M | $927.09M | $1.06B | $480.57M | $525.60M | $1.32B | $1.54B | $1.58B | $1.65B |
| Gross profit | $205.33M | $160.31M | $198.62M | $237.23M | $122.90M | $146.15M | $295.94M | $363.46M | $382.68M | $394.95M |
| Net income | $61.26M | $45.17M | $51.21M | $48.23M | $39.61M | $84.02M | $-61.21M | $87.21M | $52.44M | $317.26M |
| Net margin | 7.1% | 5.6% | 5.5% | 4.5% | 8.2% | 16.0% | -4.6% | 5.7% | 3.3% | 19.2% |
Source: AZZ Inc. SEC filings (10-K). 17 years of history available in the interactive view.
AZZ Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 21.0% over 4 years (24.7M → 29.9M) — existing holders' stakes are being diluted.
What growth is priced into AZZ stock?
At today's market cap of $4.23B, AZZ Inc. is priced for free-cash-flow growth of about -2.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $444.67M from the FY ending 2026-02-28). For comparison, free cash flow actually grew 47%/yr over the last five fiscal years and revenue 28%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of AZZ Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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AZZ Inc. financial history by metric
Compare AZZ Inc. with peers
About AZZ Inc.
AZZ Inc. provides hot-dip galvanizing and coil coating solutions in North America. It operates through the AZZ Metal Coatings; and the AZZ Precoat Metals segments. The company offers metal coating solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to the steel fabrication and other industries. It also provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation, and air conditioning; container; transportation; and other end markets. AZZ Inc. was incorporated in 1956 and is headquartered in Fort Worth, Texas.
AZZ Inc. — frequently asked questions
What is AZZ Inc.'s revenue?
AZZ Inc. (AZZ) reported revenue of $1.65B for fiscal year 2026, up 4.6% from the prior year, according to its SEC filings.
Is AZZ Inc. profitable?
Yes. AZZ earned net income of $317.26M in fiscal 2026, a net margin of 19.2%.
What is AZZ's P/E ratio?
AZZ Inc. trades at a price-to-earnings ratio of about 13.4 based on the latest data in our nightly-refreshed cache.
How fast is AZZ Inc. growing?
AZZ's revenue grew at roughly 28.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does AZZ Inc. have?
As of fiscal year 2026, AZZ carried roughly $477.74M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is AZZ Inc.'s gross margin?
AZZ's gross margin was 23.9% in fiscal 2026 — gross profit of $394.95M on revenue of $1.65B.
What is AZZ Inc.'s market cap?
AZZ Inc. (AZZ) has a market capitalization of about $4.23B, based on the latest data in our nightly-refreshed cache.
When does AZZ Inc.'s fiscal year end?
AZZ's fiscal year ends in February. Its most recent annual filing covers the fiscal year ending 2026-02-28.
What growth is priced into AZZ stock?
At today's market cap of $4.23B, AZZ Inc. is priced for free-cash-flow growth of about -2.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $444.67M from the FY ending 2026-02-28). For comparison, free cash flow actually grew 47%/yr over the last five fiscal years and revenue 28%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from AZZ Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.