AZZ (AZZ) reported D&A of $23.08M in Q4 2025.

How has AZZ's D&A changed year-over-year?

AZZ's D&A increased by 10.8% year-over-year, from $20.82M to $23.08M.

What is the long-term trend for AZZ's D&A?

Over 4 years (2022 to 2026), AZZ's D&A has grown at a 29.4% compound annual growth rate (CAGR), from $32.08M to $90.06M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

AZZ AZZ D&A

D&A at other companies

VMI

Valmont IndustriesVMI

$22.61M+5.1%

nVent Electric plcNVT

$16.8M+21.7%

ArganAGX

$559K+34.7%

Axalta Coating SystemsAXTA

$76M+8.6%

PPG IndustriesPPG

$132M+9.1%

Acuity BrandsAYI

$38.8M+27.2%

Segments

By segment

See full

Precoat Metals$9.9M+22.9%

Metal Coatings$7.16M+7.2%

Infrastructure Solutions$0—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$72.6M+12.8%

CapEx$22.1M-26.3%

Free cash flow$50.5M+47.0%

Valuation

See full

Market cap$4.72B+41.4%

Enterprise value$5.26B+22.7%

P/E14.9×-11.0×

P/S2.9×+0.7×

Profitability

See full

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

Debt / equity0.4×-0.4×

Current ratio1.7×0.0×

Where this comes from

Reported directly by AZZ in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAmortizationAndAccretionNet.

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 D&A?: AZZ (AZZ) reported D&A of $23.08M in Q4 2025.
How has AZZ's D&A changed year-over-year?: AZZ's D&A increased by 10.8% year-over-year, from $20.82M to $23.08M.
What is the long-term trend for AZZ's D&A?: Over 4 years (2022 to 2026), AZZ's D&A has grown at a 29.4% compound annual growth rate (CAGR), from $32.08M to $90.06M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.