Azz annual free cash flow
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2025
Azz Free Cash Flow (FCF) History (AZZ)
Azz reported $444.7M in free cash flow for fiscal 2025, an increase of 231.78% from the previous fiscal year, with a free cash flow margin of 26.95%.
View full Azz company overviewAzz free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2026-02-28 | $444.7M | $310.6M | +231.78% | +26.95% |
| 2024 | 2025-02-28 | $134.0M | −$15.3M | −10.26% | +8.49% |
| 2023 | 2024-02-29 | $149.3M | $115.0M | +335.29% | +9.71% |
| 2022 | 2023-02-28 | $34.3M | −$28.1M | −45.03% | +2.59% |
| 2021 | 2022-02-28 | $62.4M | −$2.4M | −3.76% | +11.88% |
| 2020 | 2021-02-28 | $64.9M | −$44.9M | −40.89% | +13.50% |
| 2019 | 2020-02-29 | $109.7M | $23.9M | +27.78% | +10.33% |
| 2018 | 2019-02-28 | $85.9M | $38.7M | +81.91% | +9.26% |
| 2017 | 2018-02-28 | $47.2M | −$22.5M | −32.32% | +5.82% |
| 2016 | 2017-02-28 | $69.7M | −$34.0M | −32.76% | +8.08% |
| 2015 | 2016-02-29 | $103.7M | $14.9M | +16.84% | +11.66% |
| 2014 | 2015-02-28 | $88.8M | $25.0M | +39.15% | +10.83% |
| 2013 | 2014-02-28 | $63.8M | −$4.0M | −5.92% | +8.49% |
| 2012 | 2013-02-28 | $67.8M | $23.5M | +53.15% | +11.88% |
| 2011 | 2012-02-29 | $44.3M | $18.6M | +72.47% | +9.44% |
| 2010 | 2011-02-28 | $25.7M | −$44.9M | −63.61% | +6.74% |
| 2009 | 2010-02-28 | $70.6M | — | — | +19.76% |
Azz quarterly free cash flow
Q3.10
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Q1.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-05-31 | $18.4M | −$275.5M | −93.74% | +4.10% |
| Q4 2025 | 2026-02-28 | $50.5M | $16.1M | +46.98% | +13.12% |
| Q3 2025 | 2025-11-30 | $61.2M | $21.4M | +53.94% | +14.36% |
| Q2 2025 | 2025-08-31 | $39.1M | $23.7M | +154.27% | +9.37% |
| Q1 2025 | 2025-05-31 | $293.9M | $249.3M | +559.71% | +69.65% |
| Q4 2024 | 2025-02-28 | $34.4M | −$950,000 | −2.69% | +9.77% |
| Q3 2024 | 2024-11-30 | $39.7M | $1.3M | +3.42% | +9.84% |
| Q2 2024 | 2024-08-31 | $15.4M | −$30.4M | −66.39% | +3.76% |
| Q1 2024 | 2024-05-31 | $44.5M | $14.7M | +49.20% | +10.78% |
| Q4 2023 | 2024-02-29 | $35.3M | $36.2M | — | +9.64% |
| Q3 2023 | 2023-11-30 | $38.4M | $28.2M | +275.79% | +10.07% |
| Q2 2023 | 2023-08-31 | $45.8M | $37.6M | +464.08% | +11.48% |
| Q1 2023 | 2023-05-31 | $29.9M | $13.0M | +77.28% | +7.64% |
| Q4 2022 | 2023-02-28 | −$866,000 | −$29.4M | — | −0.26% |
| Q3 2022 | 2022-11-30 | $10.2M | $3.4M | +50.90% | +2.74% |
| Q2 2022 | 2022-08-31 | $8.1M | −$15.4M | −65.55% | +1.99% |
| Q1 2022 | 2022-05-31 | $16.8M | $13.3M | +371.63% | +8.13% |
| Q4 2021 | 2022-02-28 | $28.5M | −$3.4M | −10.67% | +97.52% |
| Q3 2021 | 2021-11-30 | $6.8M | −$11.8M | −63.60% | +5.01% |
| Q2 2021 | 2021-08-31 | $23.5M | −$11.4M | −32.59% | +17.91% |
| Q1 2021 | 2021-05-31 | $3.6M | $25.6M | — | +1.55% |
| Q4 2020 | 2021-02-28 | $31.9M | −$28.3M | −46.96% | — |
| Q3 2020 | 2020-11-30 | $18.6M | −$9.2M | −32.98% | +8.21% |
| Q2 2020 | 2020-08-31 | $34.9M | −$9.4M | −21.19% | +17.17% |
| Q1 2020 | 2020-05-31 | −$22.0M | $551,000 | — | −10.33% |
| Q4 2019 | 2020-02-29 | $60.2M | $18.8M | +45.26% | +24.54% |
| Q3 2019 | 2019-11-30 | $27.8M | −$7.1M | −20.42% | +9.54% |
| Q2 2019 | 2019-08-31 | $44.3M | $19.6M | +79.23% | +18.76% |
| Q1 2019 | 2019-05-31 | −$22.6M | −$7.4M | — | −7.81% |
| Q4 2018 | 2019-02-28 | $41.4M | $11.4M | +38.06% | +20.46% |
| Q3 2018 | 2018-11-30 | $34.9M | $3.9M | +12.47% | +14.57% |
| Q2 2018 | 2018-08-31 | $24.7M | $12.6M | +104.47% | +11.10% |
| Q1 2018 | 2018-05-31 | −$15.2M | $10.7M | — | −5.80% |
| Q4 2017 | 2018-02-28 | $30.0M | −$11.6M | −27.84% | +14.96% |
| Q3 2017 | 2017-11-30 | $31.0M | $33.2M | — | +14.91% |
| Q2 2017 | 2017-08-31 | $12.1M | −$18.8M | −60.86% | +6.16% |
| Q1 2017 | 2017-05-31 | −$25.9M | −$25.3M | — | −12.64% |
| Q4 2016 | 2017-02-28 | $41.6M | $9.9M | +31.11% | +22.58% |
| Q3 2016 | 2016-11-30 | −$2.1M | −$41.0M | — | −0.93% |
| Q2 2016 | 2016-08-31 | $30.9M | −$4.0M | −11.35% | +15.39% |
| Q1 2016 | 2016-05-31 | −$635,000 | $1.1M | — | −0.25% |
| Q4 2015 | 2016-02-29 | $31.7M | $6.0M | +23.41% | +15.57% |
| Q3 2015 | 2015-11-30 | $38.9M | $18.2M | +87.81% | +16.04% |
| Q2 2015 | 2015-08-31 | $34.9M | −$1.3M | −3.50% | +16.27% |
| Q1 2015 | 2015-05-31 | −$1.7M | −$8.0M | — | −0.76% |
| Q4 2014 | 2015-02-28 | $25.7M | $21.6M | +521.48% | +13.87% |
| Q3 2014 | 2014-11-30 | $20.7M | −$7.6M | −26.91% | +9.21% |
| Q2 2014 | 2014-08-31 | $36.1M | $33.1M | +1078.56% | +18.68% |
| Q1 2014 | 2014-05-31 | $6.2M | −$22.0M | −77.93% | +2.89% |
| Q4 2013 | 2014-02-28 | $4.1M | −$16.7M | −80.16% | +2.29% |
| Q3 2013 | 2013-11-30 | $28.3M | −$1.0M | −3.49% | +14.33% |
| Q2 2013 | 2013-08-31 | $3.1M | −$1.8M | −37.05% | +1.62% |
| Q1 2013 | 2013-05-31 | $28.3M | $15.5M | +121.99% | +15.43% |
| Q4 2012 | 2013-02-28 | $20.9M | $7.1M | +51.20% | +14.86% |
| Q3 2012 | 2012-11-30 | $29.4M | $15.3M | +108.88% | +19.61% |
| Q2 2012 | 2012-08-31 | $4.9M | −$6.6M | −57.50% | +3.17% |
| Q1 2012 | 2012-05-31 | $12.7M | $7.8M | +155.86% | +10.02% |
| Q4 2011 | 2012-02-29 | $13.8M | $1.8M | +14.70% | +11.16% |
| Q3 2011 | 2011-11-30 | $14.1M | — | — | +12.06% |
| Q2 2011 | 2011-08-31 | $11.5M | — | — | +9.99% |
| Q1 2011 | 2011-05-31 | $5.0M | — | — | +4.35% |
| Q3 2010 | 2010-11-30 | $12.0M | — | — | +11.69% |
Azz free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $64.9M to $444.7M, a compound annual growth rate of 46.97%. Azz's latest reported quarter, Q1 2026, generated $18.4M in free cash flow, a decrease of 93.74% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Azz filings at SEC.gov ↗