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Provides hot-dip galvanizing metal-coating services and precoat (coil) metal coatings that protect steel from corrosion.
Provides hot-dip galvanizing metal-coating services and precoat (coil) metal coatings that protect steel from corrosion.
Charges fabricators a fee per ton of steel it galvanises, dipping finished steel in molten zinc at its own plants, with the zinc cost largely passed on, so volume and plant utilisation matter most. Precoat coats metal coil that goes into building products and appliances. The company has narrowed to these two coating businesses.
Moat: narrow (scale, installed base, regulatory licence). Largest independent North American galvanizer with a plant network fabricators rely on for local turnaround.
Headquarters: Fort Worth, Texas, United States · Founded: 1956 · Employees: 3,767
Size AZZ (AZZ) is a United States Materials company (Industrial Specialties) with a market value of $3.76B, the 1387th largest of 3,117 United States companies the cockpit tracks. Shares closed at $125.71 on 6 Nov 2026.
Performance Over six months the shares fell 14.8%, against -19.6% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 9.5% over the last twelve months (peer median +13.3%); the operating margin is 16.6% (peer median 9.8%).
Valuation It trades at 16.9× forward earnings against a peer median of 31.2× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points above its cost of capital (10.0% WACC).
Short interest Short interest is 2.8% of the free float (15 Oct 2026).
Next results Next results expected around 11 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.75B | $1.65B | $1.58B | $1.54B | $1.32B |
| Revenue growth | — | +5% | +3% | +16% | — |
| Gross profit | $427M | $374M | $357M | $337M | $278M |
| EBITDA | $384M | $358M | $322M | $316M | $261M |
| Net income | $167M | $317M | $129M | $102M | $79.1M |
| Free cash flow | $214M | $445M | $134M | $149M | $13.0M |
| Capital expenditure | $77.8M | $80.8M | $116M | $95.1M | $57.1M |
| Total debt | $560M | $538M | $879M | $977M | $1.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AZZ AZZ | $3.76B | -15% | +10% | 17% | 16.9× | 9.8% |
| Valmont Industries VMI | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% |
| Worthington Steel WS | $1.88B | -9% | +69% | 3% | 9.7× | 26.5% |
| Steel Dynamics STLD | $31.7B | -5% | +26% | 12% | 9.7× | 11.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AZZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.8% | -5.2% | 9th lowest of 20 |
| 6-month return | -14.8% | -19.6% | 8th highest of 20 |
| Distance from 52-week high | -22.5% | -38.7% | 2nd highest of 20 |
| Revenue growth (TTM) | +9.5% | +13.3% | 8th lowest of 21 |
| Operating margin | 16.6% | 9.8% | 6th highest of 21 |
| Forward P/E | 16.9× | 31.2× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 9.8% | 9.4% | 7th least demanding of 13 |
| Growth delivered (Del g) | +14.5% | +9.8% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -4.7 pp | -5.3 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +1.6 pp | -1.3 pp | 6th highest of 21 |
| EV / EBITDA | 11.3× | 24.7× | 4th cheapest of 10 |
| Net debt / EBITDA | 1.5× | 1.4× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AZZ AZZ | United States | $3.76B | -15% | +10% | 17% | 16.9× | 9.8% | +14.5% |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | China | $3.92B | -27% | +10% | 1% | 18.8× | 10.6% | +5.0% |
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 15% | 54.8× | n/a | n/a |
| FSPG Hi-Tech 000973.SZ | China | $4.07B | -47% | +205% | 17% | 16.5× | n/a | n/a |
| China Hainan Rubber Industry 601118.SS | China | $3.36B | -27% | -37% | -3% | 104.6× | 2.9% | +22.2% |
| Crown New Materials Techn Co L 001381.SZ | China | $3.33B | n/a | +8% | 10% | n/a | n/a | n/a |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 8% | 19.1× | 2.3% | +10.1% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 4% | 29.5× | 27.7% | +8.9% |
| SICC 2631.HK | Hong Kong | $4.61B | -41% | +27% | -5% | 93.0× | n/a | n/a |
| Kinik 1560.TW | Taiwan | $3.04B | +17% | +19% | 19% | 35.7× | 34.8% | +9.6% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 20% | 31.9× | n/a | n/a |
| Flat Glass 601865.SS | China | $3.03B | -30% | -23% | -2% | n/a | 8.2% | +20.0% |
| WD-40 WDFC | United States | $2.97B | +6% | +11% | 16% | 33.9× | 2.2% | +7.1% |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 12% | 16.7× | n/a | n/a |
| Jiangsu Pacific Quartz 603688.SS | China | $2.78B | -38% | +15% | 10% | 82.1× | n/a | n/a |
| GCL Technology 3800.HK | Hong Kong | $2.71B | -30% | +25% | -22% | n/a | n/a | n/a |
| H.B. Fuller FUL | United States | $2.68B | -19% | +1% | 11% | 9.5× | 3.5% | +4.5% |
| DIC 4631.T | Japan | $2.68B | +25% | +6% | 7% | 9.3× | -1.0% | +8.5% |