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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $1.7B | $566M | $317M | $445M | 23.7% | 4.6% | 146.3% |
| 2025 | $1.6B | $334M | $129M | $134M | 12.3% | 2.6% | 26.8% |
| 2024 | $1.5B | $317M | $102M | $149M | 14.5% | 16.2% | -291.8% |
| 2023 | $1.3B | $252M | $-53M | $154M | -8.5% | - | - |
| 2022 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,323.65 | 1,537.59 | 1,577.74 | 1,650.08 |
| Operating Revenue | - | 1,323.65 | 1,537.59 | 1,577.74 | 1,650.08 |
| Cost Of Revenue | - | 1,027.71 | 1,174.13 | 1,195.06 | 1,255.12 |
| Gross Profit | - | 295.94 | 363.46 | 382.68 | 394.96 |
| Operating Expense | - | 122.30 | 141.86 | 146.32 | 130.34 |
| Selling General And Administration | - | 122.30 | 141.86 | 146.32 | 130.34 |
| Total Expenses | - | 1,150.01 | 1,315.99 | 1,341.38 | 1,385.46 |
| Operating Income | - | 173.64 | 221.60 | 236.36 | 264.62 |
| Total Operating Income As Reported | - | 173.64 | 221.60 | 236.36 | 264.62 |
| EBITDA | - | 252.06 | 316.59 | 334.17 | 566.02 |
| Normalized EBITDA | - | 252.06 | 316.59 | 334.17 | 566.02 |
| EBIT | - | 177.48 | 237.17 | 251.96 | 475.96 |
| Interest Expense | - | 88.80 | 107.06 | 81.28 | 55.65 |
| Net Interest Income | - | -88.80 | -107.06 | -81.28 | -55.65 |
| Other Non Operating Income Expenses | - | 1.24 | 0.16 | -0.56 | 1.62 |
| Other Income Expense | - | 3.84 | 15.57 | 15.60 | 211.35 |
| Interest Expense Non Operating | - | 88.80 | 107.06 | 81.28 | 55.65 |
| Net Non Operating Interest Income Expense | - | -88.80 | -107.06 | -81.28 | -55.65 |
| Pretax Income | - | 88.68 | 130.10 | 170.68 | 420.32 |
| Tax Provision | - | 22.34 | 28.50 | 41.85 | 103.06 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 66.34 | 101.61 | 128.83 | 317.26 |
| Net Income From Continuing And Discontinued Operation | - | -52.97 | 101.61 | 128.83 | 317.26 |
| Net Income From Continuing Operation Net Minority Interest | - | 66.34 | 101.61 | 128.83 | 317.26 |
| Net Income | - | -52.97 | 101.61 | 128.83 | 317.26 |
| Net Income Common Stockholders | - | -61.21 | 87.21 | 52.44 | 317.26 |
| Net Income Including Noncontrolling Interests | - | -52.97 | 101.61 | 128.83 | 317.26 |
| Normalized Income | - | 66.34 | 101.61 | 128.83 | 317.26 |
| Diluted NI Availto Com Stockholders | - | -61.21 | 87.21 | 52.44 | 317.26 |
| Basic Average Shares | - | 24.78 | 25.04 | 29.09 | 29.96 |
| Diluted Average Shares | - | 24.98 | 25.21 | 29.34 | 30.21 |
| Reconciled Depreciation | - | 74.59 | 79.42 | 82.20 | 90.06 |
| Reconciled Cost Of Revenue | - | 1,027.71 | 1,174.13 | 1,195.06 | 1,255.12 |
| Total Unusual Items | 1.80 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 1.80 | 0 | - | - | - |
| Preferred Stock Dividends | - | 8.24 | 14.40 | 1.20 | - |
| Net Income Discontinuous Operations | 34.20 | -119.31 | 0 | 0 | - |
| Special Income Charges | 1.80 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | -1.80 | 0 | - | - | - |
| Otherunder Preferred Stock Dividend | - | 0 | 0 | 75.20 | 0 |
| Earnings From Equity Interest | - | 2.60 | 15.41 | 16.16 | 209.73 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AZZ Inc.this co. | AZZ | $4.2B | 13.10↓ discount | 3.11 | 23.7% | 8.29 |
| Resideo Technologies, Inc. | REZI | $4.6B | - | 1.57 | -19.3% | - |
| RXO, Inc. | RXO | $4.6B | -45.57 | 2.96 | -6.5% | 144.72 |
| Mirion Technologies, Inc. | MIR | $4.5B | 154.78 | 2.39 | 1.5% | 24.76 |
| CSW Industrials, Inc. | CSW | $4.4B | 39.29 | 4.19 |
| - |
| - |
| - |
| 10.7% |
| 22.62 |
| Franklin Electric Co., Inc. | FELE | $4.3B | 29.58 | 3.28 | 11.1% | 16.66 |
| Brady Corporation | BRC | $4.2B | 22.18 | 3.52 | 15.9% | 14.80 |
| Griffon Corporation | GFF | $3.9B | 77.09 | 53.26 | 69.1% | 18.97 |
| Mueller Water Products, Inc. | MWA | $3.9B | 20.48 | 4.00 | 19.5% | 12.33 |
| Peer Median | - | 29.58 | 3.40 | 10.9% | 18.97 | |