AZZ Inc. (AZZ) Key Metrics
AZZ valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.89B
- Enterprise value
- $4.68B
- P/E (TTM)
- 23.3 10-yr median 21.9
- Forward P/E
- 20.3
- PEG ratio
- 1.24
- Price / sales
- 2.2 10-yr median 1.5
- Price / book
- 3.0 10-yr median 2.0
- EV / EBITDA
- 11.7 10-yr median 11.1
- Dividend yield
- 0.74% $0.96 a year
- Beta
- 1.13
AZZ key metrics, FY2017–FY2026
Fiscal year ended February 28, 2026 · U.S. dollarsAZZ valuation Price multiples at each fiscal year-end price.
AZZ returns How much profit the business earns on the capital it uses.
AZZ per-share figures Results divided by the shares outstanding at year-end.
AZZ financial health Debt, liquidity and how easily interest is covered.
AZZ efficiency & capital use Working capital cycle and where the cash goes.
AZZ valuation history
AZZ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AZZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AZZ cash returned to shareholders
AZZ price vs earnings per share
AZZ key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.11B | $2.82B | $1.84B | $1.02B | $1.23B | $1.33B | $969.5M | $1.20B | $1.06B | $1.53B |
| Enterprise value | $4.65B | $3.70B | $2.81B | $2.08B | $1.46B | $1.50B | $1.14B | $1.42B | $1.34B | $1.79B |
| P/E ratio | 12.9 | 21.9 | 18.1 | — | 14.7 | 33.6 | 20.1 | 23.5 | 23.5 | 25.1 |
| Price / sales | 2.5 | 1.8 | 1.2 | 0.8 | 2.3 | 2.8 | 0.9 | 1.3 | 1.3 | 1.8 |
| Price / book | 3.1 | 2.7 | 2.0 | 1.2 | 1.8 | 2.1 | 1.5 | 2.0 | 1.9 | 2.9 |
| Price / free cash flow | 9.2 | 21.0 | 12.3 | 29.6 | 21.4 | 24.2 | 8.8 | 13.5 | 21.6 | 21.9 |
| Price / operating cash flow | 7.8 | 11.3 | 7.5 | 11.1 | 14.4 | 14.5 | 6.7 | 10.5 | 13.5 | 13.8 |
| EV / sales | 2.8 | 2.3 | 1.8 | 1.6 | 2.8 | 3.1 | 1.1 | 1.5 | 1.7 | 2.1 |
| EV / EBITDA | 8.2 | 11.1 | 8.9 | 8.2 | 13.1 | 16.2 | 8.9 | 11.1 | 14.1 | 11.9 |
| EV / free cash flow | 10.4 | 27.6 | 18.8 | 60.6 | 25.4 | 27.3 | 10.4 | 16.0 | 27.3 | 25.7 |
| Earnings yield | 7.7% | 4.6% | 5.5% | −5.2% | 6.8% | 3.0% | 5.0% | 4.3% | 4.2% | 4.0% |
| Free cash flow yield | 10.8% | 4.8% | 8.1% | 3.4% | 4.7% | 4.1% | 11.3% | 7.4% | 4.6% | 4.6% |
| Dividend yield | 0.6% | 0.8% | 1.7% | 2.2% | 1.4% | 1.3% | 1.8% | 1.5% | 1.7% | 1.1% |
| Shareholder yield (dividends + buybacks) | 1.0% | 11.8% | 1.8% | 2.2% | 3.9% | 5.0% | 2.4% | 1.5% | 2.4% | 1.4% |
| Share price at fiscal year-end | $135.98 | $96.11 | $72.80 | $40.65 | $49.23 | $51.09 | $36.89 | $46.02 | $40.85 | $58.65 |
| Per share | ||||||||||
| Revenue per share | $54.62 | $53.77 | $60.99 | $52.99 | $20.96 | $18.45 | $40.40 | $35.51 | $31.13 | $32.91 |
| Earnings per share | $10.50 | $4.39 | $4.03 | −$2.12 | $3.35 | $1.52 | $1.84 | $1.96 | $1.73 | $2.33 |
| Operating cash flow per share | $17.39 | $8.52 | $9.70 | $3.66 | $3.43 | $3.53 | $5.51 | $4.39 | $3.03 | $4.26 |
| Free cash flow per share | $14.72 | $4.57 | $5.92 | $1.37 | $2.30 | $2.11 | $4.17 | $3.41 | $1.89 | $2.67 |
| Cash per share | $0.02 | $0.05 | $0.17 | $0.11 | $0.48 | $0.57 | $1.40 | $0.92 | $0.80 | $0.43 |
| Book value per share | $44.26 | $35.63 | $37.07 | $34.17 | $26.61 | $23.93 | $24.14 | $23.13 | $21.71 | $20.30 |
| Tangible book value per share | $7.04 | −$2.73 | −$8.58 | −$13.15 | $7.98 | $6.68 | $6.52 | $5.74 | $3.19 | $2.95 |
| Dividends per share | $0.76 | $0.79 | $1.25 | $0.91 | $0.67 | $0.68 | $0.68 | $0.68 | $0.68 | $0.64 |
| Capex per share | $2.67 | $3.95 | $3.77 | $2.29 | $1.13 | $1.42 | $1.33 | $0.98 | $1.14 | $1.59 |
| Debt per share | $17.82 | $29.96 | $38.77 | $42.66 | $9.62 | $7.10 | $7.96 | $9.44 | $11.56 | $10.40 |
| Shares outstanding | 30.2M | 29.3M | 25.2M | 25.0M | 25.1M | 26.0M | 26.3M | 26.1M | 26.0M | 26.1M |
| Change in shares outstanding | +3.0% | +16.4% | +0.9% | −0.4% | −3.7% | −0.9% | +0.7% | +0.3% | −0.2% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 26.6% | 13.0% | 11.4% | −7.0% | 13.0% | 6.3% | 7.8% | 8.8% | 8.3% | 12.1% |
| Return on invested capital (ROIC) | 10.5% | 9.3% | 9.1% | 9.2% | 6.4% | 4.2% | 9.8% | 7.5% | 5.9% | 9.1% |
| Return on assets (ROA) | 14.3% | 5.8% | 4.6% | −3.2% | 7.9% | 3.8% | 4.5% | 4.8% | 4.5% | 6.2% |
| Return on tangible assets | 29.1% | 11.7% | 9.7% | −5.1% | 12.6% | 7.2% | 7.9% | 8.1% | 8.3% | 11.6% |
| Free cash flow margin | 26.9% | 8.5% | 9.7% | 2.6% | 11.0% | 11.4% | 10.3% | 9.6% | 6.1% | 8.1% |
| Income quality (OCF / net income) | 1.66 | 1.94 | 2.41 | — | 1.02 | 2.32 | 3.00 | 2.24 | 1.75 | 1.82 |
| Financial health | ||||||||||
| Total debt | $538.4M | $879.1M | $977.2M | $1.07B | $241.2M | $185.0M | $209.2M | $246.4M | $300.9M | $271.4M |
| Cash & short-term investments | $705,000 | $1.5M | $4.3M | $2.8M | $12.1M | $14.8M | $36.7M | $24.0M | $20.9M | $11.3M |
| Net debt | $537.7M | $877.6M | $972.9M | $1.06B | $229.1M | $170.2M | $172.5M | $222.4M | $280.0M | $260.1M |
| Debt / equity | 0.40 | 0.84 | 1.05 | 1.25 | 0.36 | 0.30 | 0.33 | 0.41 | 0.53 | 0.51 |
| Debt / assets | 0.24 | 0.39 | 0.45 | 0.48 | 0.21 | 0.19 | 0.19 | 0.23 | 0.29 | 0.28 |
| Net debt / EBITDA | 0.95 | 2.63 | 3.07 | 4.22 | 2.06 | 1.84 | 1.34 | 1.73 | 2.94 | 1.73 |
| Current ratio | 1.70 | 1.70 | 1.89 | 2.23 | 2.57 | 2.67 | 1.26 | 2.30 | 2.50 | 2.09 |
| Quick ratio | 1.21 | 1.19 | 1.28 | 1.46 | 2.02 | 1.85 | 0.91 | 1.54 | 1.66 | 1.22 |
| Interest coverage | 4.8 | 2.9 | 2.1 | 2.0 | 12.4 | 5.0 | 8.0 | 5.1 | 3.5 | 6.7 |
| Working capital | $163.1M | $154.5M | $172.7M | $230.2M | $236.0M | $189.6M | $73.9M | $213.8M | $197.4M | $154.7M |
| Invested capital | $1.87B | $1.92B | $1.91B | $1.92B | $896.5M | $793.5M | $806.9M | $826.1M | $845.2M | $789.8M |
| Tangible asset value | $212.5M | −$80.2M | −$216.4M | −$328.5M | $200.2M | $174.1M | $171.4M | $149.8M | $83.0M | $76.9M |
| Net current asset value | −$481.1M | −$806.2M | −$894.0M | −$950.6M | −$79.1M | −$69.7M | −$84.9M | −$106.3M | −$133.9M | −$151.7M |
| Graham number | $102.26 | $59.33 | $57.98 | — | $44.79 | $28.62 | $31.57 | $31.95 | $29.11 | $32.65 |
| Graham net-net per share | −$20.30 | −$31.80 | −$40.46 | −$43.89 | −$13.80 | −$6.61 | −$7.45 | −$8.93 | −$9.29 | −$9.81 |
| Capital allocation | ||||||||||
| Dividends paid | $23.1M | $23.1M | $31.4M | $22.7M | $16.9M | $17.6M | $17.8M | $17.7M | $17.7M | $16.6M |
| Share buybacks (net) | $20.0M | $308.9M | $1.7M | $0 | $30.8M | $48.3M | $5.8M | $573,000 | $7.5M | $5.3M |
| Dividend payout ratio | 7.3% | 17.9% | 30.9% | — | 20.1% | 44.5% | 36.9% | 34.6% | 39.1% | 27.3% |
| Dividends + buybacks / free cash flow | 9.7% | 247.7% | 22.2% | 66.3% | 82.8% | 120.0% | 21.5% | 20.5% | 51.1% | 31.4% |
| Capex / revenue | 4.9% | 7.3% | 6.2% | 4.3% | 5.4% | 7.7% | 3.3% | 2.8% | 3.7% | 4.8% |
| Capex / operating cash flow | 15.4% | 46.4% | 38.9% | 62.5% | 33.0% | 40.3% | 24.2% | 22.3% | 37.5% | 37.3% |
| Capex / depreciation | 0.90 | 1.41 | 1.20 | 0.77 | 0.64 | 0.83 | 0.70 | 0.51 | 0.59 | 0.82 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.6% | 0.6% | 1.8% | 1.5% | 0.6% | 0.5% | 0.8% | 0.7% |
| SG&A / revenue | 7.9% | 9.3% | 9.2% | 9.2% | 21.6% | 12.3% | 1.0% | 1.2% | 13.8% | 12.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 58.5 | 56.9 | 59.3 | 48.3 | 95.2 | 150.2 | 73.9 | 81.4 | 79.3 | 68.6 |
| Days of inventory on hand | 32.8 | 35.1 | 40.7 | 40.3 | 84.6 | 98.4 | 49.8 | 59.0 | 65.7 | 62.9 |
| Days payables outstanding | 32.1 | 29.7 | 30.8 | 23.9 | 31.7 | 52.6 | 25.5 | 26.9 | 29.2 | 26.9 |
| Cash conversion cycle (days) | 59.2 | 62.3 | 69.2 | 64.7 | 148.1 | 196.0 | 98.2 | 113.6 | 115.8 | 104.5 |
| Receivables turnover | 6.24 | 6.42 | 6.15 | 7.55 | 3.83 | 2.43 | 4.94 | 4.48 | 4.60 | 5.32 |
| Payables turnover | 11.36 | 12.29 | 11.87 | 15.26 | 11.52 | 6.94 | 14.30 | 13.59 | 12.50 | 13.55 |
| Inventory turnover | 11.12 | 10.39 | 8.98 | 9.06 | 4.31 | 3.71 | 7.32 | 6.18 | 5.56 | 5.81 |
| Asset turnover | 0.74 | 0.71 | 0.70 | 0.79 | 0.49 | 0.46 | 0.98 | 0.88 | 0.81 | 0.88 |
| Average receivables | $264.5M | $245.9M | $249.9M | $175.3M | $137.1M | $197.7M | $214.9M | $206.9M | $176.1M | $161.4M |
| Average payables | $110.5M | $97.2M | $98.9M | $67.4M | $32.9M | $51.5M | $57.5M | $53.6M | $52.0M | $48.3M |
| Average inventory | $112.9M | $115.0M | $130.8M | $113.5M | $88.0M | $96.4M | $112.3M | $117.8M | $117.0M | $112.7M |
| Intangibles / total assets | 50.8% | 50.5% | 52.4% | 53.2% | 41.2% | 45.1% | 43.1% | 41.7% | 46.9% | 46.3% |
Computed from AZZ's annual financial statements (latest annual report filed April 22, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AZZ valuation and financial ratios
At the end of fiscal 2026 (February 28, 2026), AZZ traded at 12.9 times earnings, against a 10-year median of 21.9. Based on the latest twelve months, the trailing P/E is 23.3 and the forward P/E is 20.3. AZZ earned a return on equity of 26.6% and a return on invested capital of 10.5% in fiscal 2026. It ended the year with $538.4 million of debt and $0.7 million in cash and short-term investments, net debt of $537.7 million. It returned $43.1 million to shareholders: $23.1 million in dividends and $20.0 million in share buybacks, 10% of free cash flow. The share count rose 15.8% from 26.1M to 30.2M over 9 years.
See the AZZ income statement, the AZZ chart for price history, or the AZZ stock overview for the latest quote and news.
AZZ key metrics FAQ
What is AZZ's P/E ratio?
AZZ's trailing P/E ratio is 23.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.3. At the end of fiscal 2026 it was 12.9, compared with a 10-year median of 21.9.
What is AZZ's EV/EBITDA?
AZZ's enterprise value was 8.2 times EBITDA at the end of fiscal 2026 (enterprise value $4.6 billion, EBITDA $566.0 million); the current EV/EBITDA is 11.7.
What is AZZ's return on equity?
AZZ's return on equity (ROE) was 26.6% in fiscal 2026: net income of $317.3 million on average shareholders' equity of $1.2 billion.
What is AZZ's ROIC?
AZZ's return on invested capital was 10.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AZZ have?
AZZ had total debt of $538.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.40 and $537.7 million of net debt (0.95 times EBITDA).
What is AZZ's dividend yield?
AZZ's forward dividend yield is 0.74%. AZZ paid $23.1 million in dividends in fiscal 2026 ($0.76 per share), a payout ratio of 7.3%.
Does AZZ buy back its shares?
Yes. AZZ spent $20.0 million on net share repurchases in fiscal 2026 Shares outstanding changed +3.0% over the year, to 30.2M..
What is AZZ's free cash flow yield?
AZZ generated $444.7 million of free cash flow in fiscal 2026, a free cash flow yield of 10.8% on its market value at year-end ($4.1 billion).
What is AZZ's current ratio?
AZZ's current ratio was 1.70 at the end of fiscal 2026: current assets were 1.70 times current liabilities.