AZZ Incorporated (AZZ) - Net Assets
Based on the latest financial reports, AZZ Incorporated (AZZ) has net assets worth $1.32 Billion USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.23 Billion) and total liabilities ($911.66 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AZZ Incorporated asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.32 Billion |
| % of Total Assets | 59.14% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | 67.74% |
| 10-Year Change | 117.26% |
| Growth Volatility | 11.71 |
AZZ Incorporated - Net Assets Trend (1986–2025)
This chart illustrates how AZZ Incorporated's net assets have evolved over time, based on quarterly financial data. Also explore AZZ asset base for the complete picture of this company's asset base.
Annual Net Assets for AZZ Incorporated (1986–2025)
The table below shows the annual net assets of AZZ Incorporated from 1986 to 2025. For live valuation and market cap data, see AZZ market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $1.05 Billion | +11.88% |
| 2024-02-29 | $934.49 Million | +9.49% |
| 2023-02-28 | $853.46 Million | +27.89% |
| 2022-02-28 | $667.37 Million | +7.07% |
| 2021-02-28 | $623.29 Million | -1.75% |
| 2020-02-29 | $634.37 Million | +5.07% |
| 2019-02-28 | $603.73 Million | +6.82% |
| 2018-02-28 | $565.20 Million | +6.71% |
| 2017-02-28 | $529.64 Million | +10.06% |
| 2016-02-29 | $481.22 Million | +14.56% |
| 2015-02-28 | $420.05 Million | +11.74% |
| 2014-02-28 | $375.91 Million | +12.57% |
| 2013-02-28 | $333.93 Million | +16.11% |
| 2012-02-29 | $287.61 Million | +12.34% |
| 2011-02-28 | $256.02 Million | +12.35% |
| 2010-02-28 | $227.87 Million | +21.78% |
| 2009-02-28 | $187.11 Million | +28.02% |
| 2008-02-29 | $146.16 Million | +31.50% |
| 2007-02-28 | $111.15 Million | +27.36% |
| 2006-02-28 | $87.27 Million | +15.87% |
| 2005-02-28 | $75.32 Million | +8.69% |
| 2004-02-29 | $69.30 Million | +9.29% |
| 2003-02-28 | $63.41 Million | +15.81% |
| 2002-02-28 | $54.75 Million | +26.21% |
| 2001-02-28 | $43.38 Million | +31.37% |
| 2000-02-29 | $33.02 Million | +22.75% |
| 1999-02-28 | $26.90 Million | -21.57% |
| 1998-02-28 | $34.30 Million | +19.93% |
| 1997-02-28 | $28.60 Million | +23.28% |
| 1996-02-29 | $23.20 Million | +8.41% |
| 1995-02-28 | $21.40 Million | +9.74% |
| 1994-02-28 | $19.50 Million | +9.55% |
| 1993-02-28 | $17.80 Million | +2.89% |
| 1992-02-29 | $17.30 Million | +3.59% |
| 1991-02-28 | $16.70 Million | +10.60% |
| 1990-02-28 | $15.10 Million | +7.86% |
| 1989-02-28 | $14.00 Million | +3.70% |
| 1988-02-29 | $13.50 Million | +7.14% |
| 1987-02-28 | $12.60 Million | -25.88% |
| 1986-02-28 | $17.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AZZ Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12083.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $609.16 Million | 58.27% |
| Common Stock | $29.91 Million | 2.86% |
| Other Comprehensive Income | $-11.58 Million | -1.11% |
| Other Components | $418.00 Million | 39.98% |
| Total Equity | $1.05 Billion | 100.00% |
AZZ Incorporated Competitors by Market Cap
The table below lists competitors of AZZ Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NEXGEN ENERGY LTD CDI/1
F:6NEA
|
$4.12 Billion |
|
Metsera, Inc. Common Stock
NASDAQ:MTSR
|
$4.12 Billion |
|
Nordstrom Inc
NYSE:JWN
|
$4.12 Billion |
|
Munters Group AB
ST:MTRS
|
$4.13 Billion |
|
Zhengzhou Coal Mining Machinery Group Co Ltd
SHG:601717
|
$4.12 Billion |
|
Enphase Energy Inc
NASDAQ:ENPH
|
$4.12 Billion |
|
Antar Chile
SN:ANTARCHILE
|
$4.12 Billion |
|
Aecc Aero Engine Control Co Ltd
SHE:000738
|
$4.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AZZ Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 934,491,000 to 1,045,495,000, a change of 111,004,000 (11.9%).
- Net income of 128,833,000 contributed positively to equity growth.
- Dividend payments of 23,108,000 reduced retained earnings.
- Share repurchases of 308,920,000 reduced equity.
- New share issuances of 311,463,000 increased equity.
- Other comprehensive income decreased equity by 7,686,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $128.83 Million | +12.32% |
| Dividends Paid | $23.11 Million | -2.21% |
| Share Repurchases | $308.92 Million | -29.55% |
| Share Issuances | $311.46 Million | +29.79% |
| Other Comprehensive Income | $-7.69 Million | -0.74% |
| Other Changes | $10.42 Million | +1.0% |
| Total Change | $- | 11.88% |
Book Value vs Market Value Analysis
This analysis compares AZZ Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 194.12x to 4.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-02-28 | $0.75 | $146.44 | x |
| 1987-02-28 | $0.57 | $146.44 | x |
| 1988-02-29 | $0.48 | $146.44 | x |
| 1989-02-28 | $0.58 | $146.44 | x |
| 1990-02-28 | $0.76 | $146.44 | x |
| 1991-02-28 | $0.78 | $146.44 | x |
| 1992-02-29 | $0.72 | $146.44 | x |
| 1993-02-28 | $0.81 | $146.44 | x |
| 1994-02-28 | $0.82 | $146.44 | x |
| 1995-02-28 | $0.90 | $146.44 | x |
| 1996-02-29 | $1.00 | $146.44 | x |
| 1997-02-28 | $1.23 | $146.44 | x |
| 1998-02-28 | $1.42 | $146.44 | x |
| 1999-02-28 | $1.19 | $146.44 | x |
| 2000-02-29 | $1.73 | $146.44 | x |
| 2001-02-28 | $2.16 | $146.44 | x |
| 2002-02-28 | $2.63 | $146.44 | x |
| 2003-02-28 | $3.00 | $146.44 | x |
| 2004-02-29 | $3.21 | $146.44 | x |
| 2005-02-28 | $3.41 | $146.44 | x |
| 2006-02-28 | $3.86 | $146.44 | x |
| 2007-02-28 | $4.69 | $146.44 | x |
| 2008-02-29 | $5.98 | $146.44 | x |
| 2009-02-28 | $7.60 | $146.44 | x |
| 2010-02-28 | $9.13 | $146.44 | x |
| 2011-02-28 | $10.16 | $146.44 | x |
| 2012-02-29 | $11.33 | $146.44 | x |
| 2013-02-28 | $13.06 | $146.44 | x |
| 2014-02-28 | $14.63 | $146.44 | x |
| 2015-02-28 | $16.29 | $146.44 | x |
| 2016-02-29 | $18.55 | $146.44 | x |
| 2017-02-28 | $20.30 | $146.44 | x |
| 2018-02-28 | $21.71 | $146.44 | x |
| 2019-02-28 | $23.13 | $146.44 | x |
| 2020-02-29 | $24.14 | $146.44 | x |
| 2021-02-28 | $23.93 | $146.44 | x |
| 2022-02-28 | $26.61 | $146.44 | x |
| 2023-02-28 | $34.17 | $146.44 | x |
| 2024-02-29 | $37.07 | $146.44 | x |
| 2025-02-28 | $35.63 | $146.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AZZ Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.17%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.13x
- Recent ROE (12.32%) is above the historical average (9.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | -47.06% | -49.08% | 0.69x | 1.39x | $-9.70 Million |
| 1987 | -30.95% | -37.14% | 0.59x | 1.40x | $-5.16 Million |
| 1988 | 5.19% | 4.79% | 0.78x | 1.39x | $-650.00K |
| 1989 | 4.29% | 2.82% | 1.12x | 1.36x | $-800.00K |
| 1990 | 7.28% | 6.18% | 0.95x | 1.24x | $-410.00K |
| 1991 | 8.98% | 5.54% | 1.00x | 1.62x | $-170.00K |
| 1992 | 6.94% | 3.97% | 1.16x | 1.50x | $-530.00K |
| 1993 | 6.18% | 3.57% | 1.19x | 1.45x | $-680.00K |
| 1994 | 11.28% | 5.39% | 1.20x | 1.75x | $250.00K |
| 1995 | 7.48% | 3.59% | 1.09x | 1.91x | $-540.00K |
| 1996 | 11.21% | 5.28% | 1.15x | 1.84x | $280.00K |
| 1997 | 15.03% | 7.45% | 1.25x | 1.61x | $1.44 Million |
| 1998 | 20.99% | 9.54% | 1.30x | 1.69x | $3.77 Million |
| 1999 | 18.22% | 6.06% | 1.39x | 2.17x | $2.21 Million |
| 2000 | 19.97% | 7.12% | 1.09x | 2.57x | $3.29 Million |
| 2001 | 18.84% | 6.73% | 1.37x | 2.04x | $3.83 Million |
| 2002 | 14.25% | 5.10% | 1.04x | 2.69x | $2.33 Million |
| 2003 | 13.59% | 4.70% | 1.37x | 2.11x | $2.27 Million |
| 2004 | 6.15% | 3.13% | 1.13x | 1.73x | $-2.67 Million |
| 2005 | 6.39% | 3.16% | 1.18x | 1.71x | $-2.72 Million |
| 2006 | 8.97% | 4.18% | 1.33x | 1.62x | $-899.98K |
| 2007 | 19.59% | 8.36% | 1.30x | 1.81x | $10.66 Million |
| 2008 | 18.94% | 8.65% | 1.66x | 1.32x | $13.07 Million |
| 2009 | 22.56% | 10.24% | 1.16x | 1.90x | $23.50 Million |
| 2010 | 16.56% | 10.57% | 0.93x | 1.68x | $14.94 Million |
| 2011 | 13.66% | 9.19% | 0.67x | 2.21x | $9.36 Million |
| 2012 | 14.16% | 8.68% | 0.77x | 2.11x | $11.97 Million |
| 2013 | 18.10% | 10.60% | 0.82x | 2.08x | $27.06 Million |
| 2014 | 15.85% | 7.93% | 0.79x | 2.54x | $22.01 Million |
| 2015 | 15.46% | 7.95% | 0.87x | 2.23x | $22.94 Million |
| 2016 | 15.96% | 8.50% | 0.92x | 2.04x | $28.67 Million |
| 2017 | 11.50% | 7.09% | 0.88x | 1.85x | $7.96 Million |
| 2018 | 7.99% | 5.57% | 0.79x | 1.82x | $-11.35 Million |
| 2019 | 8.48% | 5.52% | 0.85x | 1.80x | $-9.16 Million |
| 2020 | 7.60% | 4.54% | 0.99x | 1.69x | $-15.20 Million |
| 2021 | 6.36% | 8.24% | 0.48x | 1.60x | $-22.72 Million |
| 2022 | 12.59% | 15.99% | 0.46x | 1.70x | $17.29 Million |
| 2023 | -6.21% | -4.00% | 0.60x | 2.60x | $-138.32 Million |
| 2024 | 10.87% | 6.61% | 0.70x | 2.35x | $8.16 Million |
| 2025 | 12.32% | 8.17% | 0.71x | 2.13x | $24.28 Million |
Industry Comparison
This section compares AZZ Incorporated's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,024,412,191
- Average return on equity (ROE) among peers: 16.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AZZ Incorporated (AZZ) | $1.32 Billion | -47.06% | 0.69x | $4.12 Billion |
| ABM Industries Incorporated (ABM) | $69.40 Million | 12.54% | 1.74x | $2.45 Billion |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $6.07 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $2.55 Million | 32.19% | 1.48x | $69.50 Million |
| Aramark Holdings (ARMK) | $2.47 Billion | 15.15% | 3.46x | $10.51 Billion |
| Blacksky Technology Inc (BKSY) | $-32.81 Million | 0.00% | 0.00x | $1.21 Billion |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $1.34 Million | 62.16% | 0.93x | $242.62 Million |
| BrightView Holdings (BV) | $1.74 Billion | -0.44% | 0.92x | $1.25 Billion |
| Cass Information Systems Inc (CASS) | $190.43 Million | 12.34% | 5.96x | $607.85 Million |
| CBIZ Inc (CBZ) | $226.45 Million | 15.39% | 1.55x | $1.52 Billion |
About AZZ Incorporated
AZZ Inc. provides hot-dip galvanizing and coil coating solutions in North America. The company offers metal coating solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to the steel fabrication and other industries. It also provides aesthetic and corrosion protective coatings and related value-added services for steel and alum… Read more