AZZ Inc.
Rank #391HypergrowthAZZ · NYSE · Industrials
AZZ Inc. (AZZ) — Rank #391 by gross profitability (GP/assets 0.18) · ROE 23.1% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0000008947 · all metrics point-in-time as of the filing date.
About
AZZ Inc. provides hot-dip galvanizing and coil coating solutions in North America.
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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.
- Industry
- Specialty Business Services
- Sector
- Industrials
- State
- TX
- Filer Category
- Large accelerated filer
- Fiscal Year End
- February 28
- Website
- azz.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$3.95B
P/E (annual)
12.5
P/S (annual)
2.4
P/B
2.9
P/OCF (annual)
7.5
Shareholder Yield
-15.1%
Employees
3,767
Industry
Specialty Business Services
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
-3.5%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 15.7% — per-share value needs a total required return of 12.2% once share-count change is priced in.
vs. own 6-year median revenue growth: 14.5%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-7.1%
r = 10% (base)
-3.5%
r = 12%
-0.3%
Net debt / market cap: 12.1%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.18
Primary signal (Novy-Marx).
13th of 15 SIC 34 peers
Return on equity
23.1%
Gross margin
23.9%
14th of 15 SIC 34 peers
Revenue growth (YoY)
78.0%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
7.6%
Revenue CAGR (5Y)
28.0%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
134.9%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.64
5th of 15 SIC 34 peers (best = lowest)
Current ratio
1.92×
11th of 15 SIC 34 peers
Quick ratio
0.72×
Net cash
-$479.55M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$444.67M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.40
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.9%
Stock-based comp intensity.
Dividend safety
Composite score
3.2 / 5
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).