AZZ Incorporated (AZZ) — Tangible Net Worth Ratio
AZZ Incorporated (AZZ) has a Tangible Net Worth Ratio of 70.6% as of May 2026. This metric is calculated by deducting intangible assets ($403.95 Million) from net assets ($1.38 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. Also explore net asset growth rate of AZZ Incorporated to track the company's year-over-year net asset growth rate.
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 May 2026, the ratio stands at 70.6%, reflecting net assets of $1.38 Billion with intangible assets of $403.95 Million USD. For live market cap and overall valuation, see AZZ company net worth.
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. Explore AZZ Incorporated (AZZ) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |