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Side-by-side financial comparison of AZZ INC (AZZ) and NATIONAL HEALTHCARE CORP (NHC). Click either name above to swap in a different company.

NATIONAL HEALTHCARE CORP is the larger business by last-quarter revenue ($386.5M vs $385.1M, roughly 1.0× AZZ INC). NATIONAL HEALTHCARE CORP runs the higher net margin — 6.4% vs 4.1%, a 2.3% gap on every dollar of revenue. On growth, AZZ INC posted the faster year-over-year revenue change (9.4% vs 4.6%). Over the past eight quarters, NATIONAL HEALTHCARE CORP's revenue compounded faster (14.0% CAGR vs -3.5%).

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.

HCA Healthcare, Inc. is an American global for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by to...

AZZ vs NHC — Head-to-Head

Bigger by revenue
NHC
NHC
1.0× larger
NHC
$386.5M
$385.1M
AZZ
Growing faster (revenue YoY)
AZZ
AZZ
+4.8% gap
AZZ
9.4%
4.6%
NHC
Higher net margin
NHC
NHC
2.3% more per $
NHC
6.4%
4.1%
AZZ
Faster 2-yr revenue CAGR
NHC
NHC
Annualised
NHC
14.0%
-3.5%
AZZ

Income Statement — Q4 FY2027 vs Q4 FY2025

Metric
AZZ
AZZ
NHC
NHC
Revenue
$385.1M
$386.5M
Net Profit
$15.9M
$24.8M
Gross Margin
22.7%
Operating Margin
14.8%
8.6%
Net Margin
4.1%
6.4%
Revenue YoY
9.4%
4.6%
Net Profit YoY
146.3%
308.6%
EPS (diluted)
$0.53
$1.58

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
NHC
NHC
Q4 26
$385.1M
Q4 25
$425.7M
$386.5M
Q3 25
$417.3M
$382.7M
Q2 25
$422.0M
$374.9M
Q1 25
$351.9M
$373.7M
Q4 24
$403.7M
$369.4M
Q3 24
$409.0M
$340.2M
Q2 24
$413.2M
$300.7M
Net Profit
AZZ
AZZ
NHC
NHC
Q4 26
$15.9M
Q4 25
$41.1M
$24.8M
Q3 25
$89.3M
$39.2M
Q2 25
$170.9M
$23.7M
Q1 25
$20.2M
$32.2M
Q4 24
$33.6M
$6.1M
Q3 24
$35.4M
$42.8M
Q2 24
$39.6M
$26.8M
Gross Margin
AZZ
AZZ
NHC
NHC
Q4 26
22.7%
Q4 25
23.9%
Q3 25
24.3%
Q2 25
24.7%
Q1 25
22.4%
Q4 24
24.2%
Q3 24
25.3%
Q2 24
24.8%
Operating Margin
AZZ
AZZ
NHC
NHC
Q4 26
14.8%
Q4 25
16.3%
8.6%
Q3 25
16.4%
7.9%
Q2 25
16.5%
9.1%
Q1 25
11.5%
8.2%
Q4 24
14.5%
7.8%
Q3 24
16.5%
6.7%
Q2 24
16.9%
7.5%
Net Margin
AZZ
AZZ
NHC
NHC
Q4 26
4.1%
Q4 25
9.6%
6.4%
Q3 25
21.4%
10.3%
Q2 25
40.5%
6.3%
Q1 25
5.7%
8.6%
Q4 24
8.3%
1.6%
Q3 24
8.7%
12.6%
Q2 24
9.6%
8.9%
EPS (diluted)
AZZ
AZZ
NHC
NHC
Q4 26
$0.53
Q4 25
$1.36
$1.58
Q3 25
$2.95
$2.50
Q2 25
$5.66
$1.52
Q1 25
$0.87
$2.07
Q4 24
$1.12
$0.38
Q3 24
$1.18
$2.73
Q2 24
$-1.38
$1.73

Balance Sheet & Financial Strength

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

Metric
AZZ
AZZ
NHC
NHC
Cash + ST InvestmentsLiquidity on hand
$92.8M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$1.3B
$1.1B
Total Assets
$2.2B
$1.5B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZZ
AZZ
NHC
NHC
Q4 26
Q4 25
$623.0K
$92.8M
Q3 25
$897.0K
$130.6M
Q2 25
$3.0M
$111.0M
Q1 25
$1.5M
$90.4M
Q4 24
$1.5M
$76.1M
Q3 24
$2.2M
$84.8M
Q2 24
$10.5M
$136.2M
Total Debt
AZZ
AZZ
NHC
NHC
Q4 26
Q4 25
$40.0M
Q3 25
$73.1M
Q2 25
$110.0M
Q1 25
$134.0M
Q4 24
$137.0M
Q3 24
$147.0M
Q2 24
Stockholders' Equity
AZZ
AZZ
NHC
NHC
Q4 26
$1.3B
Q4 25
$1.3B
$1.1B
Q3 25
$1.3B
$1.1B
Q2 25
$1.2B
$1.0B
Q1 25
$1.0B
$1.0B
Q4 24
$1.0B
$980.2M
Q3 24
$999.8M
$983.5M
Q2 24
$967.2M
$945.8M
Total Assets
AZZ
AZZ
NHC
NHC
Q4 26
$2.2B
Q4 25
$2.2B
$1.5B
Q3 25
$2.2B
$1.6B
Q2 25
$2.2B
$1.6B
Q1 25
$2.2B
$1.5B
Q4 24
$2.2B
$1.5B
Q3 24
$2.2B
$1.6B
Q2 24
$2.2B
$1.3B
Debt / Equity
AZZ
AZZ
NHC
NHC
Q4 26
Q4 25
0.04×
Q3 25
0.07×
Q2 25
0.11×
Q1 25
0.13×
Q4 24
0.14×
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
NHC
NHC
Operating Cash FlowLast quarter
$525.4M
$16.8M
Free Cash FlowOCF − Capex
$6.4M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
32.98×
0.68×
TTM Free Cash FlowTrailing 4 quarters
$148.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZZ
AZZ
NHC
NHC
Q4 26
$525.4M
Q4 25
$79.7M
$16.8M
Q3 25
$58.4M
$66.2M
Q2 25
$314.8M
$62.8M
Q1 25
$39.3M
Q4 24
$66.2M
$12.8M
Q3 24
$47.5M
$34.2M
Q2 24
$71.9M
$50.7M
Free Cash Flow
AZZ
AZZ
NHC
NHC
Q4 26
Q4 25
$61.2M
$6.4M
Q3 25
$39.1M
$56.5M
Q2 25
$293.9M
$52.6M
Q1 25
$33.1M
Q4 24
$39.7M
$4.6M
Q3 24
$15.4M
$28.6M
Q2 24
$44.5M
$42.8M
FCF Margin
AZZ
AZZ
NHC
NHC
Q4 26
Q4 25
14.4%
1.7%
Q3 25
9.4%
14.8%
Q2 25
69.6%
14.0%
Q1 25
8.9%
Q4 24
9.8%
1.3%
Q3 24
3.8%
8.4%
Q2 24
10.8%
14.2%
Capex Intensity
AZZ
AZZ
NHC
NHC
Q4 26
Q4 25
4.4%
2.7%
Q3 25
4.6%
2.5%
Q2 25
5.0%
2.7%
Q1 25
8.5%
1.6%
Q4 24
6.6%
2.2%
Q3 24
7.8%
1.7%
Q2 24
6.6%
2.6%
Cash Conversion
AZZ
AZZ
NHC
NHC
Q4 26
32.98×
Q4 25
1.94×
0.68×
Q3 25
0.65×
1.69×
Q2 25
1.84×
2.65×
Q1 25
1.22×
Q4 24
1.97×
2.10×
Q3 24
1.34×
0.80×
Q2 24
1.82×
1.89×

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%

NHC
NHC

Inpatient Services Segment$333.7M86%
Homecare Services Segment$40.0M10%
Other$11.2M3%
National$1.6M0%

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