What is AZZ's net debt?

AZZ (AZZ) reported net debt of $540.95M in Q4 2025.

How has AZZ's net debt changed year-over-year?

AZZ's net debt decreased by 38.5% year-over-year, from $879.01M to $540.95M.

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

Over 5 years (2021 to 2026), AZZ's net debt has grown at a 21.7% compound annual growth rate (CAGR), from $202.8M to $540.95M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

AZZ AZZ Net debt

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−$705.0Kcash and equivalents=$540.95M

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 net debt?: AZZ (AZZ) reported net debt of $540.95M in Q4 2025.
How has AZZ's net debt changed year-over-year?: AZZ's net debt decreased by 38.5% year-over-year, from $879.01M to $540.95M.
What is the long-term trend for AZZ's net debt?: Over 5 years (2021 to 2026), AZZ's net debt has grown at a 21.7% compound annual growth rate (CAGR), from $202.8M to $540.95M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.