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Side-by-side financial comparison of AZZ INC (AZZ) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). Click either name above to swap in a different company.

AZZ INC is the larger business by last-quarter revenue ($385.1M vs $321.1M, roughly 1.2× MADRIGAL PHARMACEUTICALS, INC.). AZZ INC runs the higher net margin — 4.1% vs -18.2%, a 22.4% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 9.4%).

AZZ Inc. is a leading global provider of metal protection solutions including hot-dip galvanizing, surface coating services, and specialized electrical and industrial components. It primarily serves the construction, energy, infrastructure, and manufacturing sectors across North America and key international markets.

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

AZZ vs MDGL — Head-to-Head

Bigger by revenue
AZZ
AZZ
1.2× larger
AZZ
$385.1M
$321.1M
MDGL
Growing faster (revenue YoY)
MDGL
MDGL
+201.3% gap
MDGL
210.8%
9.4%
AZZ
Higher net margin
AZZ
AZZ
22.4% more per $
AZZ
4.1%
-18.2%
MDGL

Income Statement — Q4 FY2027 vs Q4 FY2025

Metric
AZZ
AZZ
MDGL
MDGL
Revenue
$385.1M
$321.1M
Net Profit
$15.9M
$-58.6M
Gross Margin
22.7%
Operating Margin
14.8%
-18.6%
Net Margin
4.1%
-18.2%
Revenue YoY
9.4%
210.8%
Net Profit YoY
146.3%
1.4%
EPS (diluted)
$0.53
$-2.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AZZ
AZZ
MDGL
MDGL
Q4 26
$385.1M
Q4 25
$425.7M
$321.1M
Q3 25
$417.3M
$287.3M
Q2 25
$422.0M
$212.8M
Q1 25
$351.9M
$137.3M
Q4 24
$403.7M
$103.3M
Q3 24
$409.0M
$62.2M
Q2 24
$413.2M
Net Profit
AZZ
AZZ
MDGL
MDGL
Q4 26
$15.9M
Q4 25
$41.1M
$-58.6M
Q3 25
$89.3M
$-114.2M
Q2 25
$170.9M
$-42.3M
Q1 25
$20.2M
$-73.2M
Q4 24
$33.6M
$-59.4M
Q3 24
$35.4M
$-107.0M
Q2 24
$39.6M
Gross Margin
AZZ
AZZ
MDGL
MDGL
Q4 26
22.7%
Q4 25
23.9%
Q3 25
24.3%
Q2 25
24.7%
Q1 25
22.4%
96.7%
Q4 24
24.2%
Q3 24
25.3%
Q2 24
24.8%
Operating Margin
AZZ
AZZ
MDGL
MDGL
Q4 26
14.8%
Q4 25
16.3%
-18.6%
Q3 25
16.4%
-39.7%
Q2 25
16.5%
-22.2%
Q1 25
11.5%
-57.8%
Q4 24
14.5%
-64.8%
Q3 24
16.5%
-187.1%
Q2 24
16.9%
Net Margin
AZZ
AZZ
MDGL
MDGL
Q4 26
4.1%
Q4 25
9.6%
-18.2%
Q3 25
21.4%
-39.8%
Q2 25
40.5%
-19.9%
Q1 25
5.7%
-53.4%
Q4 24
8.3%
-57.5%
Q3 24
8.7%
-172.0%
Q2 24
9.6%
EPS (diluted)
AZZ
AZZ
MDGL
MDGL
Q4 26
$0.53
Q4 25
$1.36
$-2.55
Q3 25
$2.95
$-5.08
Q2 25
$5.66
$-1.90
Q1 25
$0.87
$-3.32
Q4 24
$1.12
$-2.50
Q3 24
$1.18
$-4.92
Q2 24
$-1.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AZZ
AZZ
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$198.7M
Total DebtLower is stronger
$339.9M
Stockholders' EquityBook value
$1.3B
$602.7M
Total Assets
$2.2B
$1.3B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZZ
AZZ
MDGL
MDGL
Q4 26
Q4 25
$623.0K
$198.7M
Q3 25
$897.0K
$295.7M
Q2 25
$3.0M
$186.2M
Q1 25
$1.5M
$183.6M
Q4 24
$1.5M
$100.0M
Q3 24
$2.2M
$232.7M
Q2 24
$10.5M
Total Debt
AZZ
AZZ
MDGL
MDGL
Q4 26
Q4 25
$339.9M
Q3 25
$339.8M
Q2 25
$118.4M
Q1 25
$118.0M
Q4 24
$117.6M
Q3 24
$117.1M
Q2 24
Stockholders' Equity
AZZ
AZZ
MDGL
MDGL
Q4 26
$1.3B
Q4 25
$1.3B
$602.7M
Q3 25
$1.3B
$625.7M
Q2 25
$1.2B
$696.0M
Q1 25
$1.0B
$710.6M
Q4 24
$1.0B
$754.4M
Q3 24
$999.8M
$777.2M
Q2 24
$967.2M
Total Assets
AZZ
AZZ
MDGL
MDGL
Q4 26
$2.2B
Q4 25
$2.2B
$1.3B
Q3 25
$2.2B
$1.4B
Q2 25
$2.2B
$1.0B
Q1 25
$2.2B
$996.6M
Q4 24
$2.2B
$1.0B
Q3 24
$2.2B
$1.1B
Q2 24
$2.2B
Debt / Equity
AZZ
AZZ
MDGL
MDGL
Q4 26
Q4 25
0.56×
Q3 25
0.54×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.15×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AZZ
AZZ
MDGL
MDGL
Operating Cash FlowLast quarter
$525.4M
$-133.5M
Free Cash FlowOCF − Capex
$-133.8M
FCF MarginFCF / Revenue
-41.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
32.98×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZZ
AZZ
MDGL
MDGL
Q4 26
$525.4M
Q4 25
$79.7M
$-133.5M
Q3 25
$58.4M
$79.8M
Q2 25
$314.8M
$-47.1M
Q1 25
$-88.9M
Q4 24
$66.2M
$-104.5M
Q3 24
$47.5M
$-67.0M
Q2 24
$71.9M
Free Cash Flow
AZZ
AZZ
MDGL
MDGL
Q4 26
Q4 25
$61.2M
$-133.8M
Q3 25
$39.1M
$79.0M
Q2 25
$293.9M
Q1 25
Q4 24
$39.7M
$-104.7M
Q3 24
$15.4M
$-67.8M
Q2 24
$44.5M
FCF Margin
AZZ
AZZ
MDGL
MDGL
Q4 26
Q4 25
14.4%
-41.7%
Q3 25
9.4%
27.5%
Q2 25
69.6%
Q1 25
Q4 24
9.8%
-101.3%
Q3 24
3.8%
-109.0%
Q2 24
10.8%
Capex Intensity
AZZ
AZZ
MDGL
MDGL
Q4 26
Q4 25
4.4%
0.1%
Q3 25
4.6%
0.3%
Q2 25
5.0%
0.0%
Q1 25
8.5%
0.0%
Q4 24
6.6%
0.2%
Q3 24
7.8%
1.3%
Q2 24
6.6%
Cash Conversion
AZZ
AZZ
MDGL
MDGL
Q4 26
32.98×
Q4 25
1.94×
Q3 25
0.65×
Q2 25
1.84×
Q1 25
Q4 24
1.97×
Q3 24
1.34×
Q2 24
1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AZZ
AZZ

Precoat Metals$198.6M52%
Metal Coatings$186.5M48%

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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