AZZ
AZZ Inc.
AZZ's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over AZZ overall, supported by stronger valuation and stronger modeled upside.
AZZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
AZZ's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over AZZ in the historical PE scenario, which offers more potential upside but is not a forecast.
AZZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AZZ, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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 earned $5.55 per share over the past year, down 48% from the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT's earnings per share have climbed steadily: $5.35 over the past year, up 102% from the year before, and higher year over year every quarter since late 2021.
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's operating margin was 17% last quarter, up 0.8 points from the same quarter a year ago, near the top of its range since 2019.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over AZZ on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over AZZ on profitability, with a higher operating margin.
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 generated $214M in free cash flow over the past year, down 47% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over AZZ on cash flow, with more consistent year-over-year improvement.
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 VRT 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 |
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over AZZ on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
AZZ PE vs Industrials Sector
| Metric | AZZ | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 0.6% above |
| PE % | 58 | 58 | Same percentile |
AZZ has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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 finished higher in five of the last six years. It's up 21% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over AZZ on returns for 2026, with the stronger performance.