AZZAZZ INC
Coating, Engraving & Allied Services
- Revenue
- $1.7B
- 4.6% YoY
- Operating margin
- 16.0%
- 7.0% YoY
- EBITDA
- $355M
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.8×
- $978M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear166% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear32% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $526M | $1.3B | $1.5B | $1.6B | $1.7B | 4.6% |
| Operating income | $79M | $174M | $222M | $236M | $265M | 12% |
| Net income | $84M | −$61M | $87M | $52M | $317M | 506% |
| Operating cash flow | $86M | $91M | $244M | $250M | $525M | 110% |
| Capex | $24M | $57M | $95M | $116M | $81M | 30% |
| Stock-based comp | $9M | $8M | $10M | $13M | $15M | 12% |
| Buybacks | $31M | $0 | $0 | $0 | $20M | |
| Dividends | $17M | $23M | $31M | $23M | $23M | 0.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $6M | $10M | 266 | 205 |
| FY2025 | $5M | $8M | 209 | 264 |
| FY2024 | $4M | $6M | 158 | 246 |
| FY2023 | $4M | $4M | 88 | 176 |
| FY2022 | $4M | $5M | 107 | 175 |