The Tip Desk

AZZ INC

Company Stats

Market Cap
$4.0B
as of Sep 30, 2026
Enterprise Value
$4.6B
Shares Outstanding
29.9M
Free Float
98.3%

Income Statement

Revenue
$1.7B
Operating Income
$264.6M
Net Income
$317.3M
EBITDA
$354.7M
Non-cash Impairment
$3.7M
Revenue Growth, 3Y
7.6%
FCF Margin, 3Y Avg
15.1%
FCF Margin, Worst Year
8.5%

Cash Flow

Free Cash Flow
$444.7M
FCF Yield
11.0%
Owner FCF Yield
10.6%

Balance Sheet

Cash & Equivalents
$705,000
Total Debt
$515.0M
Net Debt
$514.3M
Net Debt / EBITDA
1.45x
EV / EBITDA
12.84x
Net Debt / EBIT
1.94x

Returns & Capital

Dividends Paid
$23.1M
Dividend Yield
0.6%
Dividend Payout, 3Y Avg
18.7%
Share Repurchases
$20.0M
Buyback Yield, 3Y Avg
0.2%
SBC, 3Y Avg
$12.5M

Cash Flow by Year

YearRevenueFCFMargin
FY2026$1.7B$444.7M26.9%
FY2025$1.6B$134.0M8.5%
FY2024$1.5B$149.3M9.7%
FY2023$1.3B$34.3M2.6%
FY2022$525.6M$62.4M11.9%

Annual filing data through FY ended February 28, 2026; shares and float as of November 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage