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Side-by-side financial comparison of AZZ INC (AZZ) and Regency Centers (REG). Click either name above to swap in a different company.

Regency Centers is the larger business by last-quarter revenue ($404.2M vs $385.1M, roughly 1.0× AZZ INC). Regency Centers runs the higher net margin — 50.1% vs 4.1%, a 46.0% gap on every dollar of revenue. On growth, AZZ INC posted the faster year-over-year revenue change (9.4% vs 8.5%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% 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.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

AZZ vs REG — Head-to-Head

Bigger by revenue
REG
REG
1.0× larger
REG
$404.2M
$385.1M
AZZ
Growing faster (revenue YoY)
AZZ
AZZ
+0.9% gap
AZZ
9.4%
8.5%
REG
Higher net margin
REG
REG
46.0% more per $
REG
50.1%
4.1%
AZZ
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
-3.5%
AZZ

Income Statement — Q4 FY2027 vs Q4 FY2025

Metric
AZZ
AZZ
REG
REG
Revenue
$385.1M
$404.2M
Net Profit
$15.9M
$202.5M
Gross Margin
22.7%
Operating Margin
14.8%
71.0%
Net Margin
4.1%
50.1%
Revenue YoY
9.4%
8.5%
Net Profit YoY
146.3%
134.1%
EPS (diluted)
$0.53

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
REG
REG
Q4 26
$385.1M
Q4 25
$425.7M
$404.2M
Q3 25
$417.3M
$387.6M
Q2 25
$422.0M
$380.8M
Q1 25
$351.9M
$380.9M
Q4 24
$403.7M
$372.5M
Q3 24
$409.0M
$360.3M
Q2 24
$413.2M
$357.3M
Net Profit
AZZ
AZZ
REG
REG
Q4 26
$15.9M
Q4 25
$41.1M
$202.5M
Q3 25
$89.3M
$109.4M
Q2 25
$170.9M
$106.0M
Q1 25
$20.2M
$109.6M
Q4 24
$33.6M
$86.5M
Q3 24
$35.4M
$101.5M
Q2 24
$39.6M
$102.7M
Gross Margin
AZZ
AZZ
REG
REG
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
REG
REG
Q4 26
14.8%
Q4 25
16.3%
71.0%
Q3 25
16.4%
72.7%
Q2 25
16.5%
73.8%
Q1 25
11.5%
71.8%
Q4 24
14.5%
71.1%
Q3 24
16.5%
72.5%
Q2 24
16.9%
72.3%
Net Margin
AZZ
AZZ
REG
REG
Q4 26
4.1%
Q4 25
9.6%
50.1%
Q3 25
21.4%
28.2%
Q2 25
40.5%
27.8%
Q1 25
5.7%
28.8%
Q4 24
8.3%
23.2%
Q3 24
8.7%
28.2%
Q2 24
9.6%
28.7%
EPS (diluted)
AZZ
AZZ
REG
REG
Q4 26
$0.53
Q4 25
$1.36
Q3 25
$2.95
Q2 25
$5.66
Q1 25
$0.87
Q4 24
$1.12
Q3 24
$1.18
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
REG
REG
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$1.3B
$6.9B
Total Assets
$2.2B
$13.0B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZZ
AZZ
REG
REG
Q4 26
Q4 25
$623.0K
Q3 25
$897.0K
Q2 25
$3.0M
Q1 25
$1.5M
Q4 24
$1.5M
Q3 24
$2.2M
Q2 24
$10.5M
Total Debt
AZZ
AZZ
REG
REG
Q4 26
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
Q2 24
$4.4B
Stockholders' Equity
AZZ
AZZ
REG
REG
Q4 26
$1.3B
Q4 25
$1.3B
$6.9B
Q3 25
$1.3B
$6.8B
Q2 25
$1.2B
$6.7B
Q1 25
$1.0B
$6.7B
Q4 24
$1.0B
$6.7B
Q3 24
$999.8M
$6.8B
Q2 24
$967.2M
$6.8B
Total Assets
AZZ
AZZ
REG
REG
Q4 26
$2.2B
Q4 25
$2.2B
$13.0B
Q3 25
$2.2B
$13.1B
Q2 25
$2.2B
$12.7B
Q1 25
$2.2B
$12.6B
Q4 24
$2.2B
$12.4B
Q3 24
$2.2B
$12.4B
Q2 24
$2.2B
$12.4B
Debt / Equity
AZZ
AZZ
REG
REG
Q4 26
Q4 25
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
Q2 24
0.64×

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
REG
REG
Operating Cash FlowLast quarter
$525.4M
$203.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
32.98×
1.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZZ
AZZ
REG
REG
Q4 26
$525.4M
Q4 25
$79.7M
$203.9M
Q3 25
$58.4M
$218.7M
Q2 25
$314.8M
$244.0M
Q1 25
$161.0M
Q4 24
$66.2M
$191.4M
Q3 24
$47.5M
$227.6M
Q2 24
$71.9M
$203.5M
Free Cash Flow
AZZ
AZZ
REG
REG
Q4 26
Q4 25
$61.2M
Q3 25
$39.1M
Q2 25
$293.9M
Q1 25
Q4 24
$39.7M
Q3 24
$15.4M
Q2 24
$44.5M
FCF Margin
AZZ
AZZ
REG
REG
Q4 26
Q4 25
14.4%
Q3 25
9.4%
Q2 25
69.6%
Q1 25
Q4 24
9.8%
Q3 24
3.8%
Q2 24
10.8%
Capex Intensity
AZZ
AZZ
REG
REG
Q4 26
Q4 25
4.4%
Q3 25
4.6%
Q2 25
5.0%
Q1 25
8.5%
Q4 24
6.6%
Q3 24
7.8%
Q2 24
6.6%
Cash Conversion
AZZ
AZZ
REG
REG
Q4 26
32.98×
Q4 25
1.94×
1.01×
Q3 25
0.65×
2.00×
Q2 25
1.84×
2.30×
Q1 25
1.47×
Q4 24
1.97×
2.21×
Q3 24
1.34×
2.24×
Q2 24
1.82×
1.98×

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%

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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