AZZ
AZZ Inc.
AZZ has a slight edge over RDW overall, supported by lower modeled downside.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
AZZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
AZZ's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
AZZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $69.52 | -48% |
| Forward | 18x | $134 | — |
| Fair | 22x | $122 | -9.2% |
| Current | 24x | $134 | — |
| Expensive | 61x | $339 | +153% |
Historical ranges are pointers, not guarantees.
AZZ's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
AZZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AZZ, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
AZZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.42 | +34% |
| Q3 2026 | $5.55 | -48% |
| Q2 2026 | $6.56 | -26% |
| Q1 2026 | $10.50 | +487% |
| Q4 2025 | $10.84 | +618% |
| Q3 2025 | $10.60 | +709% |
| Q2 2025 | $8.83 | +703% |
| Q1 2025 | $1.79 | -48% |
| Q4 2022 | -$1.06 | -134% |
AZZ has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
AZZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $486.9M | +17% |
| Q2 2026 | $448.5M | +6.3% |
| Q1 2026 | $385.1M | +9.4% |
| Q4 2025 | $425.7M | +5.5% |
| Q3 2025 | $417.3M | +2% |
| Q2 2025 | $422M | +2.1% |
| Q1 2025 | $351.9M | -77% |
| Q4 2024 | $403.7M | +5.8% |
AZZ's revenue is recovering but still below its 2024 peak: $487M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +0.8 points |
| Q2 2026 | 17% | +0.7 points |
| Q1 2026 | 15% | +3.3 points |
| Q4 2025 | 16% | +1.8 points |
| Q3 2025 | 16% | -0.1 points |
| Q2 2025 | 16% | -0.4 points |
| Q1 2025 | 11% | -2.9 points |
| Q4 2024 | 15% | +0.7 points |
AZZ has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
AZZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.4M | +116% |
| Q2 2026 | $18.4M | -94% |
| Q1 2026 | $50.5M | +47% |
| Q4 2025 | $61.2M | +54% |
| Q3 2025 | $39.1M | +154% |
| Q2 2025 | $293.9M | +560% |
| Q1 2025 | $34.4M | -2.7% |
| Q4 2024 | $39.7M | +3.4% |
AZZ has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
AZZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -36K shares |
| 1 year | -0.4% | -121K shares |
| 3 years | +3.1% | +913K shares |
| 5 years | +20% | +5M shares |
| Available history | +15% | +3.9M shares |
AZZ has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | $1.9M |
| Q4 2021 | $7.6M |
| Q3 2021 | $15M |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
AZZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 1.8x | Healthy |
AZZ's net debt is about 1.2 years of its operating earnings (EBITDA), down from 1.8 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AZZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.0 | Neutral |
| Stochastic | 23.3 | Neutral |
AZZ's weekly RSI is 48 (neutral) and its Stochastic is 23 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
AZZ PE vs Industrials Sector
| Metric | AZZ | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 0.6% above |
| PE % | 58 | 58 | Same percentile |
AZZ is trading at 24x earnings, in line with the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
AZZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $133.7 | 0.4% above |
| 20 week MA | $140.0 | 4.1% below |
| 50 week MA | $134.3 | 0.1% below |
| 100 week MA | $115.4 | 16% above |
| 200 week MA | $88.0 | 53% above |
AZZ has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
AZZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.3 | $47.4 | +2.6% |
| 2021 | $47.4 | $54.3 | +14% |
| 2022 | $54.3 | $38.9 | -28% |
| 2023 | $38.9 | $58.1 | +49% |
| 2024 | $58.1 | $82.1 | +41% |
| 2025 | $82.1 | $110.5 | +35% |
| 2026 YTD | $110.5 | $134.2 | +21% |
AZZ has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.