AZZ Inc. (AZZ)

AZZ Inc. Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Income	167.46	317.26	128.83	101.61	-52.97	84.02
Depreciation & Amortization	93.54	90.06	82.21	79.42	74.59	32.08
Other Amortization	13.59	13.06	12.51	12.17	11.27	0.46
Loss (Gain) From Sale of Assets	-1.88	-4.4	-0.37	0.06	-1.03	0.67
Asset Writedown & Restructuring Costs	-	3.74	-	-	0.14	-
Loss (Gain) on Equity Investments	15.84	63.49	-3.6	-12.29	-2.6	-
Stock-Based Compensation	14.06	14.83	13.26	9.51	8.38	9.45
Provision & Write-off of Bad Debts	-0.05	-0.08	5.06	-0.07	-0.06	-
Other Operating Activities	19.65	32.83	7.97	4.69	126.32	-30.26
Change in Accounts Receivable	-36.26	-12.06	-25.39	11.78	-16.96	-15.68
Change in Inventory	-23.41	0.21	5.05	26.28	-17.2	-18.77
Change in Accounts Payable	13.36	11.12	23.48	-0.8	-14.04	5.72
Change in Income Taxes	-5.59	-0.22	0.43	-0.1	-3.25	4.38
Change in Other Net Operating Assets	21.96	-4.41	0.47	12.22	-21.16	-11.46
Operating Cash Flow	292.27	525.45	249.91	244.47	70.16	86.01
Operating Cash Flow Growth	-41.97%	110.25%	2.23%	248.47%	-18.43%	-6.55%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Capital Expenditures	-77.82	-80.78	-115.88	-95.12	-57.12	-23.59
Sale of Property, Plant & Equipment	2.08	5.83	0.89	0.06	4.12	-
Cash Acquisitions	-57.5	-30.14	-	-	-1,283	-61.22
Divestitures	-	-	-	-	106.81	-
Investment in Securities	29.36	13.61	-	-	-	-
Other Investing Activities	-	-	-	-	-1.34	-2.03
Investing Cash Flow	-103.88	-91.48	-115	-95.06	-1,230	-86.84

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Long-Term Debt Issued	-	876	326	249	1,920	296
Long-Term Debt Repaid	-	-1,264	-436.99	-364.42	-781.75	-248
Net Debt Issued (Repaid)	-113.18	-387.73	-110.99	-115.42	1,138	48
Issuance of Common Stock	3.69	3.59	311.46	2.36	2.37	2.79
Repurchase of Common Stock	-51.24	-25.1	-5.24	-1.71	-3	-33
Preferred Dividends Paid	-	-	-	-14.4	-	-
Common Dividends Paid	-25.17	-23.08	-	-17.02	-	-16.87
Dividends Paid	-25.17	-23.08	-23.11	-31.42	-22.74	-16.87
Other Financing Activities	-1.58	-1.8	-1.9	-1.7	32.45	-
Financing Cash Flow	-187.49	-434.12	-138.7	-147.89	1,147	0.91

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Foreign Exchange Rate Adjustments	0.16	-0.63	0.92	0.01	0.51	0.16
Net Cash Flow	1.06	-0.78	-2.86	1.53	-12.26	0.25

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Free Cash Flow	214.45	444.67	134.03	149.35	13.04	62.42
Free Cash Flow Growth	-47.32%	231.78%	-10.26%	1045.75%	-79.12%	-3.76%
Free Cash Flow Margin	12.28%	26.95%	8.49%	9.71%	0.98%	11.88%
Free Cash Flow Per Share	7.11	14.72	4.57	5.92	0.52	2.49
Levered Free Cash Flow	160.81	161.18	107.84	143.39	83.6	16.93
Unlevered Free Cash Flow	175.65	182.9	146.13	198.13	127.83	20.45

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash Interest Paid	32.6	43.05	75.87	97.81	77.99	6.06
Cash Income Tax Paid	47.52	75.95	29.79	19.31	24.49	31.66
Change in Working Capital	-29.94	-5.34	4.04	49.37	-72.61	-35.81

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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