AZZ Inc.

AZZNYSEIndustrials● Active

$137.71

$-0.77(-0.56%)

Market Cap$4.1B

P/E Ratio—

52W High$151.67

52W Low$86.67

Avg Volume207K

Open$137.57

Beta1.13

Free Cash Flow Financials Revenue

AZZ Inc. (AZZ) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AZZ · free cash flow · updated Jun 8, 2026

Core FCF metrics

AZZ · FCF · TTM · margin & CAGR

Free cash flow was $444.7M for FY2026 (fiscal year ending 2026-02-28), up 231.8% year-over-year The FCF margin was 26.9%. Five-year CAGR stands at +51.9%.

FY2026 Free Cash Flow$444.7M▲ +231.8% YoY

Trailing 12M (TTM)$444.7Mtrailing 4 quarters sum

FCF Margin26.9%$444.7M ÷ revenue

3-Year CAGR+224.3%FY2023 → FY2026

5-Year CAGR+51.9%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AZZ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$525.4M(81M)$444.7M▲ +231.8%26.9%

FY2025$249.9M(116M)$134.0M▼ 10.3%8.5%

FY2024$244.5M(95M)$149.3M▲ +1045.8%—

FY2023$70.2M(57M)$13.0M▼ 77.4%1.0%

FY2022$86.0M(28M)$57.6M▲ +4.8%11.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AZZ · P/FCF · FCF yield · FCF per share

AZZ Inc. (AZZ) trades at a FCF yield of 10.76% and a price-to-free-cash-flow ratio of 9.3x. FCF per share stands at $14.84, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.76%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$14.84

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-02-28

Cash flow statement summary

AZZ · cash flow statement · operating / investing / financing

For FY2026, AZZ Inc. generated $525.4M in operating cash flow and spent 81M in capital expenditures, yielding $444.7M in free cash flow.

Operating Activities

+$525.4M

Cash from core business operations

2026-02-28

Investing Activities

−$91.5M

CapEx, acquisitions & investments

2026-02-28

Financing Activities

−$434.1M

Buybacks, dividends & debt

2026-02-28

FCF FormulaOperating CF ($525.4M) − |CapEx| (81M) = FCF ($444.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

AZZ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AZZ Inc.YOU

AZZ

$444.7M+231.8%26.9%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AZZ Inc. (AZZ) reported free cash flow of $444.7M for FY2026 (fiscal year ending 2026-02-28), up 231.8% year-over-year. The FCF margin was 26.9%.

Based on available data, AZZ Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $444.7M in FY2026. The 5-year CAGR stands at +51.9%.

AZZ Inc.'s FCF yield is 10.76% and price-to-FCF ratio is 9.3x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AZZ free cash flow · 8 questions

AZZ Inc. free cash flow was $444.7M for FY2026, up 231.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $444.7M.

AZZ free cash flowAZZ FCFAZZ FCF 2026AZZ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AZZ Inc. · AZZ Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026