What is AZZ's invested capital?

AZZ (AZZ) reported invested capital of $1.88B in Q4 2025.

How has AZZ's invested capital changed year-over-year?

AZZ's invested capital decreased by 2.4% year-over-year, from $1.92B to $1.88B.

What is the long-term trend for AZZ's invested capital?

Over 5 years (2021 to 2026), AZZ's invested capital has grown at a 17.9% compound annual growth rate (CAGR), from $826.09M to $1.88B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

AZZ AZZ Invested capital

Discontinued — last reported Q4 '26

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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

See full

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%

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

Debt / equity0.4×-0.4×

Current ratio1.7×0.0×

Where this comes from

Calculated from AZZ’s reported figures.

$541.7Mtotal debt+$1.3Btotal stockholders equity−$705.0Kcash and equivalents=$1.88B

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 invested capital?: AZZ (AZZ) reported invested capital of $1.88B in Q4 2025.
How has AZZ's invested capital changed year-over-year?: AZZ's invested capital decreased by 2.4% year-over-year, from $1.92B to $1.88B.
What is the long-term trend for AZZ's invested capital?: Over 5 years (2021 to 2026), AZZ's invested capital has grown at a 17.9% compound annual growth rate (CAGR), from $826.09M to $1.88B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).