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Side-by-side financial comparison of AZZ INC (AZZ) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $385.1M, roughly 1.3× AZZ INC). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 4.1%, a 15.5% 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, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% 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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

AZZ vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.3× larger
STWD
$492.9M
$385.1M
AZZ
Growing faster (revenue YoY)
AZZ
AZZ
+1.0% gap
AZZ
9.4%
8.5%
STWD
Higher net margin
STWD
STWD
15.5% more per $
STWD
19.7%
4.1%
AZZ
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-3.5%
AZZ

Income Statement — Q4 FY2027 vs Q4 FY2025

Metric
AZZ
AZZ
STWD
STWD
Revenue
$385.1M
$492.9M
Net Profit
$15.9M
$96.9M
Gross Margin
22.7%
Operating Margin
14.8%
26.6%
Net Margin
4.1%
19.7%
Revenue YoY
9.4%
8.5%
Net Profit YoY
146.3%
87.7%
EPS (diluted)
$0.53
$0.25

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
STWD
STWD
Q4 26
$385.1M
Q4 25
$425.7M
$492.9M
Q3 25
$417.3M
$488.9M
Q2 25
$422.0M
$444.3M
Q1 25
$351.9M
$418.2M
Q4 24
$403.7M
$454.4M
Q3 24
$409.0M
$479.5M
Q2 24
$413.2M
$489.8M
Net Profit
AZZ
AZZ
STWD
STWD
Q4 26
$15.9M
Q4 25
$41.1M
$96.9M
Q3 25
$89.3M
$72.6M
Q2 25
$170.9M
$129.8M
Q1 25
$20.2M
$112.3M
Q4 24
$33.6M
$51.6M
Q3 24
$35.4M
$76.1M
Q2 24
$39.6M
$77.9M
Gross Margin
AZZ
AZZ
STWD
STWD
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
STWD
STWD
Q4 26
14.8%
Q4 25
16.3%
26.6%
Q3 25
16.4%
19.1%
Q2 25
16.5%
30.5%
Q1 25
11.5%
28.7%
Q4 24
14.5%
15.1%
Q3 24
16.5%
17.2%
Q2 24
16.9%
19.1%
Net Margin
AZZ
AZZ
STWD
STWD
Q4 26
4.1%
Q4 25
9.6%
19.7%
Q3 25
21.4%
14.8%
Q2 25
40.5%
29.2%
Q1 25
5.7%
26.8%
Q4 24
8.3%
11.4%
Q3 24
8.7%
15.9%
Q2 24
9.6%
15.9%
EPS (diluted)
AZZ
AZZ
STWD
STWD
Q4 26
$0.53
Q4 25
$1.36
$0.25
Q3 25
$2.95
$0.19
Q2 25
$5.66
$0.38
Q1 25
$0.87
$0.33
Q4 24
$1.12
$0.15
Q3 24
$1.18
$0.23
Q2 24
$-1.38
$0.24

Balance Sheet & Financial Strength

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

Metric
AZZ
AZZ
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$499.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$6.8B
Total Assets
$2.2B
$63.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZZ
AZZ
STWD
STWD
Q4 26
Q4 25
$623.0K
$499.5M
Q3 25
$897.0K
$301.1M
Q2 25
$3.0M
$259.9M
Q1 25
$1.5M
$440.6M
Q4 24
$1.5M
$377.8M
Q3 24
$2.2M
$357.9M
Q2 24
$10.5M
$259.3M
Stockholders' Equity
AZZ
AZZ
STWD
STWD
Q4 26
$1.3B
Q4 25
$1.3B
$6.8B
Q3 25
$1.3B
$6.9B
Q2 25
$1.2B
$6.4B
Q1 25
$1.0B
$6.4B
Q4 24
$1.0B
$6.4B
Q3 24
$999.8M
$6.5B
Q2 24
$967.2M
$6.2B
Total Assets
AZZ
AZZ
STWD
STWD
Q4 26
$2.2B
Q4 25
$2.2B
$63.2B
Q3 25
$2.2B
$62.4B
Q2 25
$2.2B
$62.4B
Q1 25
$2.2B
$62.2B
Q4 24
$2.2B
$62.6B
Q3 24
$2.2B
$64.2B
Q2 24
$2.2B
$64.1B

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
STWD
STWD
Operating Cash FlowLast quarter
$525.4M
$488.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
32.98×
5.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZZ
AZZ
STWD
STWD
Q4 26
$525.4M
Q4 25
$79.7M
$488.8M
Q3 25
$58.4M
$337.6M
Q2 25
$314.8M
$-87.4M
Q1 25
$238.9M
Q4 24
$66.2M
$295.6M
Q3 24
$47.5M
$241.8M
Q2 24
$71.9M
$53.3M
Free Cash Flow
AZZ
AZZ
STWD
STWD
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
STWD
STWD
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
STWD
STWD
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
STWD
STWD
Q4 26
32.98×
Q4 25
1.94×
5.04×
Q3 25
0.65×
4.65×
Q2 25
1.84×
-0.67×
Q1 25
2.13×
Q4 24
1.97×
5.72×
Q3 24
1.34×
3.18×
Q2 24
1.82×
0.68×

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%

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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