What is AZZ's debt-to-equity?

AZZ (AZZ) reported debt-to-equity of 0.4× in Q4 2025.

How has AZZ's debt-to-equity changed year-over-year?

AZZ's debt-to-equity decreased by 51.9% year-over-year, from 0.8× to 0.4×.

What is the long-term trend for AZZ's debt-to-equity?

Over 5 years (2021 to 2026), AZZ's debt-to-equity has grown at a 3.0% compound annual growth rate (CAGR), from 0.3× to 0.4×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

AZZ AZZ Debt-to-equity

Debt-to-equity at other companies

VMI

Valmont IndustriesVMI

0.5×0.0×

nVent Electric plcNVT

0.4×-0.1×

ArganAGX

0×0.0×

Axalta Coating SystemsAXTA

1.3×-0.3×

PPG IndustriesPPG

0.9×0.0×

Acuity BrandsAYI

0.3×-0.2×

Other financials

Income statement

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Revenue$385.1M+9.4%

Gross profit$87.6M+11.3%

Operating income$57.1M+41.3%

Net income$15.9M-21.2%

EPS (diluted)$0.53-22.1%

Balance sheet

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Cash & equivalents$705.0K-52.6%

Total debt$541.7M-38.5%

Total equity$1.3B+27.9%

Total assets$2.2B-0.6%

Cash flow

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Operating cash flow$72.6M+12.8%

CapEx$22.1M-26.3%

Free cash flow$50.5M+47.0%

Valuation

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Market cap$4.72B+41.4%

Enterprise value$5.26B+22.7%

P/E14.9×-11.0×

P/S2.9×+0.7×

Profitability

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Gross margin23.9%-0.3pp

Operating margin16%+1.1pp

Net margin19.2%+11.1pp

FCF margin26.9%+18.5pp

Returns & leverage

See full

Return on equity26.6%+11.9pp

Current ratio1.7×0.0×

Where this comes from

Calculated from AZZ’s reported figures.

total debt/total stockholders equity=0.4×

Based on the most recent quarter.

The official record: AZZ’s 10-K, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AZZ's debt-to-equity?: AZZ (AZZ) reported debt-to-equity of 0.4× in Q4 2025.
How has AZZ's debt-to-equity changed year-over-year?: AZZ's debt-to-equity decreased by 51.9% year-over-year, from 0.8× to 0.4×.
What is the long-term trend for AZZ's debt-to-equity?: Over 5 years (2021 to 2026), AZZ's debt-to-equity has grown at a 3.0% compound annual growth rate (CAGR), from 0.3× to 0.4×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.