AZZ Inc balance sheet

At the end of fiscal 2026, AZZ Inc had total assets of $2.21bn, total liabilities of $876m and shareholders' equity of $1.34bn. It held $705,000 in cash against $515m of debt: net debt of $514m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

AZZ Inc: balance sheet, annual
Fiscal year	2010Feb 2010	2011Feb 2011	2012Feb 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Feb 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Feb 2021	2022Feb 2022	2023Feb 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026	LTMAug 2026
Cash and equivalents	111	138	143	56	28	23	40	11	21	24	37	15	12	3	4	1	1	2
Receivables	—	62	75	98	116	126	131	138	141	145	139	129	85	156	142	135	143	179
Inventory	—	60	60	82	108	108	77	94	118	125	100	—	—	144	118	112	113	134
Total current assets	—	284	303	262	296	299	316	297	329	379	355	305	387	417	367	375	395	455
Goodwill	—	113	121	172	279	279	293	307	321	324	356	354	190	703	705	704	715	740
Total assets	—	567	607	694	953	925	988	978	1,028	1,089	1,074	999	1,133	2,221	2,196	2,227	2,213	2,338
Accounts payable	—	22	24	29	39	50	47	50	54	53	62	42	25	84	88	106	115	126
Total current liabilities	—	58	78	119	144	149	150	137	132	165	281	117	151	187	194	221	232	254
Short-term debt	—	—	14	14	21	23	17	17	14	0	125	0	0	0	—	—	—	—
Long-term debt	—	225	211	196	385	302	255	255	287	241	78	178	226	1,058	953	852	478	468
Total debt	0	225	225	211	406	338	327	272	301	241	203	179	227	1,125	1,010	900	515	500
Total liabilities	—	311	319	360	577	517	504	445	463	485	439	376	466	1,368	1,261	1,182	876	923
Shareholders' equity	228	256	288	334	380	424	484	533	565	604	634	623	667	620	701	1,045	1,337	1,415
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	—	—	—	234	234	—	—	—
Net debt (negative = net cash)	−111	87	82	155	378	315	287	261	280	217	166	164	215	1,122	1,006	899	514	498
Shares outstanding	—	—	—	25m	26m	26m	26m	26m	26m	26m	26m	25m	25m	25m	25m	30m	30m	30m

US$ millions unless shown otherwise. Fiscal quarters.

AZZ Inc: balance sheet, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Feb 2026	2027 Q1May 2026	2027 Q2Aug 2026
Receivables	140	135	153	142	148	143	164	179
Inventory	115	112	111	108	107	113	121	134
Total current assets	394	375	408	389	401	395	440	455
Goodwill	705	704	705	716	714	715	714	740
Total assets	2,245	2,227	2,159	2,226	2,231	2,213	2,252	2,338
Accounts payable	98	106	107	114	117	115	122	126
Total current liabilities	222	221	270	225	242	232	229	254
Long-term debt	880	852	570	567	535	478	481	468
Total debt	880	852	570	567	535	478	481	468
Total liabilities	1,215	1,182	945	923	912	876	876	923
Shareholders' equity	1,030	1,045	1,214	1,303	1,319	1,337	1,376	1,415
Shares outstanding	30m	30m	30m	30m	30m	30m	30m	30m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from AZZ Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to AZZ Inc.