AZZ Incorporated (AZZ) — Tangible Net Worth Ratio
AZZ Incorporated (AZZ) has a Tangible Net Worth Ratio of 69.4% as of February 2026. This metric is calculated by deducting intangible assets ($409.74 Million) from net assets ($1.34 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See AZZ Incorporated short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
AZZ Incorporated Tangible Net Worth Ratio (1986–2026)
This chart shows how AZZ Incorporated's Tangible Net Worth Ratio has changed across 41 annual periods from 1986 to 2026. As of February 2026, the ratio stands at 69.4%, reflecting net assets of $1.34 Billion with intangible assets of $409.74 Million USD. See AZZ Incorporated defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for AZZ Incorporated (1986–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for AZZ Incorporated from 1986 to 2026, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see AZZ Incorporated market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 69.4% | $1.34 Billion | $409.74 Million | $2.21 Billion | ▲ +9.7 pp |
| 2025 | 59.7% | $1.05 Billion | $421.85 Million | $2.23 Billion | ▲ +7.3 pp |
| 2024 | 52.3% | $934.49 Million | $445.44 Million | $2.20 Billion | ▲ +8.5 pp |
| 2023 | 43.8% | $853.46 Million | $479.43 Million | $2.22 Billion | ▼ -44.0 pp |
| 2022 | 87.8% | $667.37 Million | $81.56 Million | $1.13 Billion | ▲ +3.1 pp |
| 2021 | 84.7% | $623.29 Million | $95.36 Million | $996.44 Million | ▲ +1.5 pp |
| 2020 | 83.2% | $634.37 Million | $106.73 Million | $1.07 Billion | ▲ +4.7 pp |
| 2019 | 78.4% | $603.73 Million | $130.17 Million | $1.09 Billion | ▲ +6.9 pp |
| 2018 | 71.5% | $565.20 Million | $160.89 Million | $1.03 Billion | ▼ -0.9 pp |
| 2017 | 72.4% | $529.64 Million | $146.11 Million | $977.84 Million | ▲ +4.7 pp |
| 2016 | 67.8% | $481.22 Million | $155.18 Million | $983.37 Million | ▲ +6.5 pp |
| 2015 | 61.3% | $420.05 Million | $162.62 Million | $936.91 Million | ▲ +9.4 pp |
| 2014 | 51.9% | $375.91 Million | $180.88 Million | $953.25 Million | ▼ -16.6 pp |
| 2013 | 68.4% | $333.93 Million | $105.41 Million | $694.21 Million | ▼ -15.3 pp |
| 2012 | 83.7% | $287.61 Million | $46.83 Million | $606.77 Million | ▲ +0.8 pp |
| 2011 | 82.9% | $256.02 Million | $43.68 Million | $566.52 Million | ▼ -9.3 pp |
| 2010 | 92.2% | $227.87 Million | $17.72 Million | $381.96 Million | ▲ +36.7 pp |
| 2009 | 55.6% | $187.11 Million | $83.14 Million | $354.72 Million | ▼ -15.7 pp |
| 2008 | 71.3% | $146.16 Million | $41.95 Million | $193.32 Million | ▲ +9.2 pp |
| 2007 | 62.1% | $111.15 Million | $42.15 Million | $200.91 Million | ▲ +9.7 pp |
| 2006 | 52.4% | $87.27 Million | $41.56 Million | $141.03 Million | ▼ -46.6 pp |
| 2005 | 99.0% | $75.32 Million | $787.00K | $128.64 Million | ▲ +58.1 pp |
| 2004 | 40.9% | $69.30 Million | $40.96 Million | $120.03 Million | ▲ +5.5 pp |
| 2003 | 35.4% | $63.41 Million | $40.96 Million | $134.04 Million | ▲ +13.0 pp |
| 2002 | 22.4% | $54.75 Million | $42.46 Million | $147.04 Million | ▼ -33.5 pp |
| 2001 | 55.9% | $43.38 Million | $19.12 Million | $88.37 Million | ▲ +18.9 pp |
| 2000 | 37.0% | $33.02 Million | $20.79 Million | $84.80 Million | ▼ -29.5 pp |
| 1999 | 66.5% | $26.90 Million | $9.00 Million | $58.40 Million | ▼ -5.5 pp |
| 1998 | 72.0% | $34.30 Million | $9.60 Million | $57.90 Million | ▼ -3.9 pp |
| 1997 | 75.9% | $28.60 Million | $6.90 Million | $46.00 Million | ▲ +7.3 pp |
| 1996 | 68.5% | $23.20 Million | $7.30 Million | $42.60 Million | ▼ -9.0 pp |
| 1995 | 77.6% | $21.40 Million | $4.80 Million | $40.80 Million | ▲ +3.7 pp |
| 1994 | 73.8% | $19.50 Million | $5.10 Million | $34.10 Million | ▼ -20.5 pp |
| 1993 | 94.4% | $17.80 Million | $1.00 Million | $25.80 Million | ▲ +1.9 pp |
| 1992 | 92.5% | $17.30 Million | $1.30 Million | $26.00 Million | ▲ +1.5 pp |
| 1991 | 91.0% | $16.70 Million | $1.50 Million | $27.10 Million | ▼ -6.3 pp |
| 1990 | 97.4% | $15.10 Million | $400.00K | $18.70 Million | ▲ +0.9 pp |
| 1989 | 96.4% | $14.00 Million | $500.00K | $19.00 Million | ▲ +0.1 pp |
| 1988 | 96.3% | $13.50 Million | $500.00K | $18.70 Million | ▲ +0.3 pp |
| 1987 | 96.0% | $12.60 Million | $500.00K | $17.70 Million | ▼ -4.0 pp |
| 1986 | 100.0% | $17.00 Million | $0.00 | $23.60 Million | — |