AZZ Incorporated
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Open questions: the balance sheet is solid — deleveraging delivered, Piotroski 7 of 9, Altman Z around 8 — but the earnings quality is not yet proven on its own: $204.5 million of the record profit came out of the AVAIL partial sales, the residual stake is down to a $20.0 million carrying value after an impairment and a Brazil correction, and Precoat Metals is stagnating. The resolving evidence is observable in the next quarterly reports (10-Q): adjusted EPS tracking toward the raised guidance of $6.75 to $7.15. The rating says nothing about the entry price — that is what the metrics scanners answer. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
AZZ is the rare combination of momentum stock and boredom business: America's rust-protection market leader used the AVAIL proceeds to deleverage in record time, grows organically in the single digits and is riding twelve scanner hits toward its all-time high. But the rally's valuation anchor — the trailing P/E around 15 — consists to two-thirds of a gain on sale that will not repeat: honestly computed, the stock costs 23 to 26 times earnings, and three quarters of ugly comparisons are still ahead. Solid company, sporty price, misleading anchor. Not investment advice.
Business model & market position
North America's largest independent hot-dip galvanizer (42 plants) plus a leading coil coating network (14 plants); recurring corrosion-protection demand, an adjusted EBITDA margin above 30 percent in the galvanizing segment and infrastructure tailwind (+12.3 percent segment growth in the quarter through May 31, 2026; 10-Q).
Balance sheet & deleveraging
Of the $1.3 billion acquisition loan, $335 million remains; net interest expense nearly halved since fiscal 2024 ($107.1 million to $55.7 million), net leverage 1.4 times EBITDA (May 31, 2026), Piotroski 7 of 9, Altman Z around 8 — the AVAIL distributions went into debt repayment with discipline.
Earnings quality FY 2026
$204.5 million of the $317.3 million net income is a one-off from the AVAIL partial sales (adjusted $6.19 versus reported $10.50 per share); in the quarter through May 31, 2026, reported EPS fell 69.6 percent, and two more quarters of distorted comparison bases are still ahead (10-K FY 2026, 10-Q).
Residual AVAIL stake
The record year's profit source is largely exhausted: carrying value down to $20.0 million, a $45.9 million impairment in the second quarter of fiscal 2026, plus a $9.6 million adjustment for accounting errors in Brazil — in a minority stake without decision-making authority (10-K FY 2026, Note 18 and Item 1A).
Valuation & technicals
A stage-2 trend, 12 scanner hits and just over 3 percent distance to the all-time high meet a screener P/E around 15 that honestly computed sits at 23 to 26 (TTM through May 2026, adjusted and guidance-midpoint bases); insiders sold nine times recently and bought zero times (data as of July 10, 2026; scanner run July 17, 2026).
Worth Noting
AZZ reached the research list through the momentum confluence of 12 hits in our in-house stock scanner (scanner run of July 17, 2026), including Stan Weinstein stage 2, near 52-week high and the Pradeep Bonde breakout — no Reddit hype, pure technicals.
Scanner metrics (P/E, P/S, Piotroski, Altman Z, fundamental grade, earnings rating) are computed from trailing twelve-month figures through the quarter ended February 28, 2026; the one-off from the AVAIL sales is included, the quarterly report of July 8, 2026 naturally is not yet.
Price and valuation figures dated July 10, 2026 (about $160, about $4.8 billion market value); analyses are evergreen, daily prices are not a buy argument. AZZ's fiscal year ends at the end of February — every quarterly figure carries the fiscal-year offset.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at AZZ since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 97.60 $ to 160.20 $ · Last price: 133.70 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Specialty Business Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| AZZ Incorporated AZZ | 4.0 | 12.6 | 11.3 | 23.8 | 15.4 | 4.6 | 18.7 |
| Cintas Corporation CTAS | 79.2 | 42.9 | 26.6 | 50.7 | 23.2 | 7.8 | 0.0 |
| Copart Inc CPRT | 27.4 | 18.7 | 13.2 | 49.0 | 37.5 | 9.7 | -36.4 |
| Global Payments Inc GPN | 23.4 | 31.5 | 10.9 | 64.0 | 12.5 | -23.8 | 1.4 |
| RB Global Inc. RBA | 15.7 | 39.2 | 13.7 | 45.8 | 18.0 | 9.0 | -27.9 |
| Aramark Holdings ARMK | 14.9 | 43.9 | 15.4 | 15.3 | 4.6 | 6.4 | 53.5 |
| UL Solutions Inc. ULS | 13.0 | 26.3 | 15.9 | 50.4 | 18.4 | 6.4 | -3.1 |
| Dolby Laboratories DLB | 5.4 | 24.2 | 13.8 | 87.6 | 29.1 | 5.9 | -17.7 |
| Amentum Holdings Inc. AMTM | 5.0 | 34.0 | 8.2 | 10.5 | 4.1 | 71.6 | -9.2 |
| Median of companies shown | 14.9 | 31.5 | 13.7 | 49.0 | 18.0 | 6.4 | -3.1 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 859 | 98 | 61 | 2.33 | 111 | 530 | 978 |
| 2018 | 810 | 48 | 45 | 1.73 | 79 | 565 | 1,028 |
| 2019 | 927 | 77 | 51 | 1.96 | 115 | 604 | 1,089 |
| 2020 | 1,062 | 107 | 48 | 1.84 | 145 | 634 | 1,074 |
| 2021 | 481 | 47 | 40 | 1.52 | 92 | 623 | 996 |
| 2022 | 526 | 79 | 84 | 3.35 | 86 | 667 | 1,133 |
| 2023 | 1,324 | 174 | -53 | -2.12 | 91 | 853 | 2,221 |
| 2024 | 1,538 | 222 | 102 | 4.03 | 244 | 934 | 2,196 |
| 2025 | 1,578 | 236 | 129 | 4.39 | 250 | 1,046 | 2,227 |
| 2026 | 1,650 | 265 | 317 | 10.50 | 525 | 1,337 | 2,213 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.12 | 21.70 | 404 | 5.80 | 8.30 | 66 | 40 |
| 2025: Q1 | 0.67 | -5.00 | 352 | -4.00 | 5.70 | 64 | 34 |
| 2025: Q2 | 5.66 | 282.10 | 422 | 2.10 | 40.50 | 315 | 294 |
| 2025: Q3 | 2.95 | 150.70 | 417 | 2.00 | 21.40 | 58 | 39 |
| 2025: Q4 | 1.36 | 21.90 | 426 | 5.50 | 9.60 | 80 | 61 |
| 2026: Q1 | 0.53 | -21.10 | 385 | 9.40 | 4.10 | 73 | 51 |
| 2026: Q2 | 1.72 | -69.60 | 449 | 6.30 | 11.60 | 37 | 18 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 12 of our scanner strategies — each hit links to the scanner.
Growth
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- Mark Minervini: Trend Criteria — 1 Month
- Near 52-Week High
- Stan Weinstein: Stage 2
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 02/28/2027 | 7.07 | 6.96 – 7.26 | 1,819 | 14.2% | 10 |
| 02/29/2028 | 7.81 | 7.35 – 8.14 | 1,903 | 10.4% | 8 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 10.1% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $169.2M |
|---|---|
| Market cap | $4.02B |
| Free cash flow in year ten | $440.8M |
| Terminal value as a share of market value | 57.8% |
For comparison: over the past five years free cash flow grew by 51.9% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Geprüft am 17.07.2026 gegen die Geschäftsberichte (10-K) für die Geschäftsjahre 2026 (eingereicht 22.04.2026) und 2025 (21.04.2025) sowie die vier jüngsten Quartalsberichte (10-Q, zum 31.05.2026, 30.11.2025, 31.08.2025 und 31.05.2025): In den ausgewerteten SEC-Filings von AZZ findet sich kein einziger Treffer zu „artificial intelligence“, „machine learning“, „generative“, „LLM“ oder verwandten Begriffen — weder als Umsatzquelle noch als operativer Einsatz noch als konkretes Geschäftsrisiko. AZZ ist ein Feuerverzinkungs- und Coil-Coating-Anbieter (42 Verzinkungswerke, 14 Bandbeschichtungswerke); die Filings behandeln Zink-, Erdgas- und Farbkosten, das AVAIL-Joint-Venture und die Entschuldung, aber keinerlei KI-Bezug. Nach dem Kriterienkatalog dokumentierter Negativ-Befund: „neutral“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-04-22 · 10-K 2025-04-21 · 10-Q 2026-07-08 · 10-Q 2026-01-07 · 10-Q 2025-10-08 · 10-Q 2025-07-09
Rated on July 17, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 7.6%
- More than 10% revenue growth is expected for the coming year 4.8%
- Share count grows by less than 3% a year 6.5%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 31.5%
- Gross margin at 40% or higher and without meaningful erosion 23.9%
- Goodwill from acquisitions does not grow faster than revenue 32.3%
- Net debt below twice EBITDA 1.0 x EBITDA
- Operating cash flow covers the profits of the last three years 472 m
- Return on capital at 15% or higher, or up versus two years ago 13.4%
- Insiders hold at least 10% or are net buyers 1.7%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
6/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 7.5%
- Exp. sales growth 3Y > 5% 7.4%
- EBIT growth 10Y > 5% 11.6%
- Exp. EBIT growth 3Y > 5% -13.8%
- Net debt < 4x EBIT 2.0x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 55.7%
- Return on equity > 15% 149.3%
- ROCE > 15% 13.4%
- Expected return > 10% -4.2%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Stovall Bryan Lee | COO - Metal Coatings | Sell | 2,677 | 150.07 | 401,727 |
| Aug 11, 2026 | Vellines Jeffrey | Pres & COO - Precoat Metals | Sell | 4,220 | 153.55 | 647,981 |
| Jul 7, 2026 | McGough Ed | Director | Other | 937 | 0.00 | – |
| Jul 7, 2026 | Berce Daniel E | Director | Other | 937 | 0.00 | – |
| Jul 7, 2026 | Jackson Carol R | Director | Other | 937 | 0.00 | – |
| Jul 7, 2026 | Schapper Aaron M | Director | Other | 937 | 0.00 | – |
| Jul 7, 2026 | Treadway Charles L. | Director | Other | 937 | 0.00 | – |
| Jul 7, 2026 | Purvis Steven R. | Director | Other | 937 | 0.00 | – |
| Jul 7, 2026 | Grannum Clive A | Director | Other | 937 | 0.00 | – |
The company
About the Company
AZZ Inc. bietet Feuerverzinkungs- und Coil-Coating-Lösungen in Nordamerika an.
- CEO Insider Trades (12 Mo.)
- selling own stock
- Employees
- 3,767
- Headquarters
- Fort Worth, TX
- Address
- One Museum Place, 76107 Fort Worth, United States
- Phone
- 817 810 0095
- Website
- azz.com
- IPO Date
- 09/07/1984
- ISIN
- US0024741045
- Stock Split
- 2:1 on 07/31/2012
- Stock Split
- 2:1 on 05/07/2007
- Stock Split
- 21:20 on 08/30/1991
Management
| Name | Title | Birth Year |
|---|---|---|
| Thomas E. Ferguson | President, CEO & Director | 1956 |
| Jason Crawford B.A., M.B.A. | Chief Financial Officer | 1973 |
| Tara D. Mackey | Chief Legal Officer & Corporate Secretary | 1970 |
| Jeffrey Vellines | President & COO of the Precoat Metals Business Segment | 1974 |
| David Nark | Chief Marketing, Communications & Investor Relations Officer | 1968 |
| Rhonda Davenport | Chief Human Resources Officer | 1983 |
| Todd Bella | President of Metal Coatings | 1980 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/03/2026 AZZ INC (AZZ): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 07/08/2026 AZZ INC (AZZ): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/07/2026 AZZ INC (AZZ): Submission of Matters to a Vote of Security Holders; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.