AZZ AZZ INC

Overview and Growth

Fiscal 2025 results for AZZ INC combined $1.65B of revenue with net income of $317.26M and an operating cash inflow of $525.45M. At $1.65B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.58B in fiscal 2024, revenue recorded a 4.6% year-over-year increase. Diluted earnings per share were $10.50, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $1.79 in fiscal 2024, the current result was 486.6% higher. Revenue equaled 0.75x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $394.95M as gross profit before recognizing operating expenses and other items. Gross margin was 23.9%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $264.62M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 16.0%, showing how efficiently sales converted into operating profit. Net income came to $317.26M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 19.2%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $420.31M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 25.5% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $103.06M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 24.5%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $2.21B of assets against $876.44M of liabilities and $1.34B of equity, revealing how the asset base was financed. The near-term balance sheet paired $395.37M of current assets with $232.27M of current liabilities at the reporting date. Current assets covered current liabilities by 1.7x, leaving a positive buffer for near-term obligations. The company held $705.00K in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 0.3%, excluding receivables and other current assets. Total debt was $477.74M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.36x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 21.6%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 39.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 0.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $2.23B in fiscal 2024, the current asset base moved 0.6% and finished lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $525.45M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.66x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $80.78M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 15.4%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $444.67M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 26.9%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 20.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Feb 28, 2026. Analysis generated Oct 21, 2026.