The Filing Desk

AZZ vs NuScale Power

AZZ AZZ · NuScale Power SMR · Heavy Electrical Equipment

AZZ reported revenue of $1.7 billion in fiscal 2026, 52.4 times NuScale Power's $32 million in fiscal 2025. AZZ's revenue grew 4.6% in its latest year, and NuScale Power's fell 15.0%. AZZ had an operating margin of 16.0%, against -2190.6% at NuScale Power. Free cash flow was $445 million at AZZ and −$460 million at NuScale Power. Their fiscal years end in different months (February 28 and December 31), so the periods don't line up exactly.

Side by side

AZZNuScale Power
Latest fiscal yearFY2026, Feb 28, 2026FY2025, Dec 31, 2025
Revenue$1.7B$32M
Revenue growth4.6%−15.0%
Revenue growth a year, last 5 years28.0%120.8%
Gross margin23.9%36.3%
Operating margin16.0%−2,190.6%
Net margin19.2%−1,130.3%
Free cash flow$445M−$460M
Free cash flow margin26.9%−1,461.7%
Return on capital10.7%—
Net debt to EBITDA1.4x—
Dividends and buybacks$43M$0M
Change in diluted share count3.0%75.6%
Last close$125.71$5.08
P/E at the last close22.7×—
Insider trades, last 12 monthssold $5.3 millionsold $1.8 billion
Piotroski F-score7 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
AZZNuScale Power
Operating margin
Percent of revenue
AZZNuScale Power
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AZZNuScale Power

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the AZZ and NuScale Power pages.