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Side-by-side financial comparison of AZZ INC (AZZ) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
AZZ INC is the larger business by last-quarter revenue ($385.1M vs $340.0M, roughly 1.1× Walker & Dunlop, Inc.). AZZ INC runs the higher net margin — 4.1% vs -12.9%, a 17.0% gap on every dollar of revenue. On growth, AZZ INC posted the faster year-over-year revenue change (9.4% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
AZZ vs WD — Head-to-Head
Income Statement — Q4 FY2027 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $340.0M |
| Net Profit | $15.9M | $-13.9M |
| Gross Margin | 22.7% | — |
| Operating Margin | 14.8% | -17.2% |
| Net Margin | 4.1% | -12.9% |
| Revenue YoY | 9.4% | -0.4% |
| Net Profit YoY | 146.3% | -131.0% |
| EPS (diluted) | $0.53 | $-0.41 |
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.
| Q4 26 | $385.1M | — | ||
| Q4 25 | $425.7M | $340.0M | ||
| Q3 25 | $417.3M | $337.7M | ||
| Q2 25 | $422.0M | $319.2M | ||
| Q1 25 | $351.9M | $237.4M | ||
| Q4 24 | $403.7M | $341.5M | ||
| Q3 24 | $409.0M | $292.3M | ||
| Q2 24 | $413.2M | $270.7M |
| Q4 26 | $15.9M | — | ||
| Q4 25 | $41.1M | $-13.9M | ||
| Q3 25 | $89.3M | $33.5M | ||
| Q2 25 | $170.9M | $34.0M | ||
| Q1 25 | $20.2M | $2.8M | ||
| Q4 24 | $33.6M | $44.8M | ||
| Q3 24 | $35.4M | $28.8M | ||
| Q2 24 | $39.6M | $22.7M |
| 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% | — |
| Q4 26 | 14.8% | — | ||
| Q4 25 | 16.3% | -17.2% | ||
| Q3 25 | 16.4% | 13.6% | ||
| Q2 25 | 16.5% | 14.5% | ||
| Q1 25 | 11.5% | 2.2% | ||
| Q4 24 | 14.5% | 15.3% | ||
| Q3 24 | 16.5% | 12.8% | ||
| Q2 24 | 16.9% | 10.4% |
| Q4 26 | 4.1% | — | ||
| Q4 25 | 9.6% | -12.9% | ||
| Q3 25 | 21.4% | 9.9% | ||
| Q2 25 | 40.5% | 10.6% | ||
| Q1 25 | 5.7% | 1.2% | ||
| Q4 24 | 8.3% | 13.1% | ||
| Q3 24 | 8.7% | 9.9% | ||
| Q2 24 | 9.6% | 8.4% |
| Q4 26 | $0.53 | — | ||
| Q4 25 | $1.36 | $-0.41 | ||
| Q3 25 | $2.95 | $0.98 | ||
| Q2 25 | $5.66 | $0.99 | ||
| Q1 25 | $0.87 | $0.08 | ||
| Q4 24 | $1.12 | $1.32 | ||
| Q3 24 | $1.18 | $0.85 | ||
| Q2 24 | $-1.38 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $1.7B |
| Total Assets | $2.2B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | — | — | ||
| Q4 25 | $623.0K | $299.3M | ||
| Q3 25 | $897.0K | $274.8M | ||
| Q2 25 | $3.0M | $233.7M | ||
| Q1 25 | $1.5M | $181.0M | ||
| Q4 24 | $1.5M | $279.3M | ||
| Q3 24 | $2.2M | $179.8M | ||
| Q2 24 | $10.5M | $208.1M |
| Q4 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $999.8M | $1.7B | ||
| Q2 24 | $967.2M | $1.7B |
| Q4 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $2.2B | $4.7B | ||
| Q1 25 | $2.2B | $4.5B | ||
| Q4 24 | $2.2B | $4.4B | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.2B | $4.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $525.4M | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 32.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $525.4M | — | ||
| Q4 25 | $79.7M | $-664.3M | ||
| Q3 25 | $58.4M | $-948.1M | ||
| Q2 25 | $314.8M | $-238.5M | ||
| Q1 25 | — | $-281.1M | ||
| Q4 24 | $66.2M | $129.4M | ||
| Q3 24 | $47.5M | $-202.0M | ||
| Q2 24 | $71.9M | $-237.8M |
| Q4 26 | — | — | ||
| Q4 25 | $61.2M | $-680.1M | ||
| Q3 25 | $39.1M | $-950.4M | ||
| Q2 25 | $293.9M | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | $39.7M | $116.4M | ||
| Q3 24 | $15.4M | $-204.0M | ||
| Q2 24 | $44.5M | $-241.7M |
| Q4 26 | — | — | ||
| Q4 25 | 14.4% | -200.0% | ||
| Q3 25 | 9.4% | -281.5% | ||
| Q2 25 | 69.6% | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | 9.8% | 34.1% | ||
| Q3 24 | 3.8% | -69.8% | ||
| Q2 24 | 10.8% | -89.3% |
| Q4 26 | — | — | ||
| Q4 25 | 4.4% | 4.6% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 5.0% | 0.8% | ||
| Q1 25 | 8.5% | 1.5% | ||
| Q4 24 | 6.6% | 3.8% | ||
| Q3 24 | 7.8% | 0.7% | ||
| Q2 24 | 6.6% | 1.4% |
| Q4 26 | 32.98× | — | ||
| Q4 25 | 1.94× | — | ||
| Q3 25 | 0.65× | -28.34× | ||
| Q2 25 | 1.84× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | 1.97× | 2.89× | ||
| Q3 24 | 1.34× | -7.01× | ||
| Q2 24 | 1.82× | -10.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AZZ
| Precoat Metals | $198.6M | 52% |
| Metal Coatings | $186.5M | 48% |
WD
Segment breakdown not available.
