Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 5.2% Revenue growth, 20242 Where the money goes Where each dollar of revenue went, fiscal 2024 Cost of revenue Selling, general and admin
Cost of revenue 60¢ $899.7M Research and development 1¢ $14.7M Selling, general and admin 22¢ $327.8M Interest 4¢ $56.5M Income tax 4¢ $56.1M Profit 10¢ $153.4M Out of $1.4B in revenue.2
Where each dollar of operating cash went, fiscal 2024 Capital spending Share buybacks
Capital spending 24¢ $77.1M Share buybacks 76¢ $242.5M Out of $224.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 2 $1.4B in 2024+111% since 2018 0 $500.0M $1.0B $1.5B 2018: $681.8M $681.8M 2018 2019: $794.2M $794.2M 2019 +16% 2020: $899.3M $899.3M 2020 +13% 2021: $1.2B $1.2B 2021 +31% 2022: $1.4B $1.4B 2022 +15% 2023: $1.4B $1.4B 2023 +1% 2024: $1.4B $1.4B 2024 +5% Gross profit4 5 6 7 2 $541.8M in 2024+168% since 2018 0 $200.0M $400.0M $600.0M 2018: $202.0M $202.0M 2018 2019: $253.2M $253.2M 2019 +25% 2020: $296.1M $296.1M 2020 +17% 2021: $384.3M $384.3M 2021 +30% 2022: $398.7M $398.7M 2022 +4% 2023: $430.3M $430.3M 2023 +8% 2024: $541.8M $541.8M 2024 +26% Operating income4 5 6 7 2 $212.1M in 2024+305% since 2018 -$100.0M 0 $100.0M $200.0M $300.0M 2018: $52.4M $52.4M 2018 2019: $59.1M $59.1M 2019 +13% 2020: -$21.7M -$21.7M 2020 2021: $136.5M $136.5M 2021 2022: $118.3M $118.3M 2022 −13% 2023: $123.8M $123.8M 2023 +5% 2024: $212.1M $212.1M 2024 +71% Net income4 5 6 7 2 $153.4M in 2024+2174% since 2018 -$200.0M -$100.0M 0 $100.0M $200.0M 2018: $6.7M $6.7M 2018 2019: -$20.2M -$20.2M 2019 2020: -$122.2M -$122.2M 2020 +505% 2021: $88.9M $88.9M 2021 2022: $67.2M $67.2M 2022 −24% 2023: $62.4M $62.4M 2023 −7% 2024: $153.4M $153.4M 2024 +146% Revenue8 9 10 $452.2M in Q2 FY2025+8% since Q2 FY2024 0 $200.0M $400.0M $600.0M Q2 FY2024: $418.4M $418.4M Q2 FY2024 Q3 FY2024: $434.4M $434.4M Q3 FY2024 +4% Q1 FY2024: $285.4M $285.4M Q1 FY2024 −34% Q2 FY2025: $452.2M $452.2M Q2 FY2025 +58% Gross profit8 9 10 $167.7M in Q2 FY2025+7% since Q2 FY2024 0 $50.0M $100.0M $150.0M $200.0M Q2 FY2024: $157.1M $157.1M Q2 FY2024 Q3 FY2024: $164.3M $164.3M Q3 FY2024 +5% Q1 FY2024: $103.6M $103.6M Q1 FY2024 −37% Q2 FY2025: $167.7M $167.7M Q2 FY2025 +62% Operating income8 9 10 $79.4M in Q2 FY2025+7% since Q2 FY2024 0 $20.0M $40.0M $60.0M $80.0M Q2 FY2024: $74.0M $74.0M Q2 FY2024 Q3 FY2024: $75.8M $75.8M Q3 FY2024 +2% Q1 FY2024: $27.2M $27.2M Q1 FY2024 −64% Q2 FY2025: $79.4M $79.4M Q2 FY2025 +191% Net income8 9 10 $54.3M in Q2 FY2025+9% since Q2 FY2024 0 $20.0M $40.0M $60.0M Q2 FY2024: $49.8M $49.8M Q2 FY2024 Q3 FY2024: $50.1M $50.1M Q3 FY2024 +1% Q1 FY2024: $18.1M $18.1M Q1 FY2024 −64% Q2 FY2025: $54.3M $54.3M Q2 FY2025 +200% Fiscal year 2017 2018 2019 2020 2021 2022 2023 2024 Revenue $681.8M4 $794.2M5 $899.3M6 $1.2B7 $1.4B2 $1.4B2 $1.4B2 Cost of revenue $479.8M4 $541.0M5 $603.2M6 $794.7M7 $956.9M2 $940.0M2 $899.7M2 Gross profit $202.0M4 $253.2M5 $296.1M6 $384.3M7 $398.7M2 $430.3M2 $541.8M2 Research and development $6.5M4 $8.0M5 $7.7M6 $7.4M7 $9.5M2 $9.2M2 $14.7M2 Selling, general and admin $144.7M4 $183.6M5 $308.3M6 $244.2M7 $279.9M2 $305.2M2 $327.8M2 Operating income $52.4M4 $59.1M5 -$21.7M6 $136.5M7 $118.3M2 $123.8M2 $212.1M2 Interest $68.7M4 $83.2M5 $71.2M6 $20.3M7 $25.0M2 $43.6M2 $56.5M2 Income tax -$23.1M4 -$4.0M5 -$8.3M6 $27.3M7 $26.2M2 $22.1M2 $56.1M2 Net income $6.7M4 -$20.2M5 -$122.2M6 $88.9M7 $67.2M2 $62.4M2 $153.4M2 Earnings per share -$0.195 -$1.016 $0.587 $0.442 $0.422 $1.052 Earnings per share (diluted) -$0.195 -$1.016 $0.577 $0.432 $0.412 $1.042
Total assets4 5 6 7 2 $2.2B in 2024+22% since 2018 0 $1.0B $2.0B $3.0B 2018: $1.8B $1.8B 2018 2019: $1.8B $1.8B 2019 +1% 2020: $1.9B $1.9B 2020 +8% 2021: $2.2B $2.2B 2021 +14% 2022: $2.3B $2.3B 2022 +6% 2023: $2.3B $2.3B 2023 +0% 2024: $2.2B $2.2B 2024 −8% Total liabilities4 5 7 2 $810.8M in 2024−38% since 2019 0 $500.0M $1.0B $1.5B 2019: $1.3B $1.3B 2019 2020: $628.0M $628.0M 2020 −52% 2021: $763.8M $763.8M 2021 +22% 2022: $938.2M $938.2M 2022 +23% 2023: $933.6M $933.6M 2023 −0% 2024: $810.8M $810.8M 2024 −13% Shareholders’ equity4 5 6 7 2 $1.4B in 2024+197% since 2017 0 $500.0M $1.0B $1.5B 2017: $456.4M $456.4M 2017 2018: $505.6M $505.6M 2018 +11% 2019: $490.0M $490.0M 2019 −3% 2020: $1.3B $1.3B 2020 +166% 2021: $1.4B $1.4B 2021 +11% 2022: $1.4B $1.4B 2022 −3% 2023: $1.4B $1.4B 2023 +1% 2024: $1.4B $1.4B 2024 −4% Cash4 5 7 2 $164.0M in 2024+61% since 2017 0 $100.0M $200.0M $300.0M 2017: $101.9M $101.9M 2017 2018: $82.3M $82.3M 2018 −19% 2019: $105.9M $105.9M 2019 +29% 2020: $215.0M $215.0M 2020 +103% 2021: $66.1M $66.1M 2021 −69% 2022: $86.9M $86.9M 2022 +32% 2023: $278.3M $278.3M 2023 +220% 2024: $164.0M $164.0M 2024 −41% Long-term debt4 5 7 2 $429.7M in 2024−61% since 2019 0 $500.0M $1.0B $1.5B 2019: $1.1B $1.1B 2019 2020: $463.0M $463.0M 2020 −58% 2021: $465.0M $465.0M 2021 +0% 2022: $583.7M $583.7M 2022 +26% 2023: $580.3M $580.3M 2023 −1% 2024: $429.7M $429.7M 2024 −26% Total assets11 9 10 8 $2.3B in Q2 FY2025+0% since Q2 FY2024 0 $1.0B $2.0B $3.0B Q2 FY2024: $2.3B $2.3B Q2 FY2024 Q3 FY2024: $2.3B $2.3B Q3 FY2024 +2% Q1 FY2024: $2.2B $2.2B Q1 FY2024 −7% Q2 FY2024: $2.2B $2.2B Q2 FY2024 +0% Q1 FY2024: $2.2B $2.2B Q1 FY2024 +0% Q2 FY2025: $2.3B $2.3B Q2 FY2025 +6% Total liabilities11 9 10 8 $845.1M in Q2 FY2025−7% since Q2 FY2024 0 $250.0M $500.0M $750.0M $1.0B Q2 FY2024: $908.6M $908.6M Q2 FY2024 Q3 FY2024: $947.7M $947.7M Q3 FY2024 +4% Q1 FY2024: $810.8M $810.8M Q1 FY2024 −14% Q2 FY2024: $810.8M $810.8M Q2 FY2024 +0% Q1 FY2024: $785.9M $785.9M Q1 FY2024 −3% Q2 FY2025: $845.1M $845.1M Q2 FY2025 +8% Shareholders’ equity8 9 10 $1.5B in Q2 FY2025+5% since Q2 FY2024 0 $500.0M $1.0B $1.5B Q2 FY2024: $1.4B $1.4B Q2 FY2024 Q3 FY2024: $1.4B $1.4B Q3 FY2024 +0% Q3 FY2024: $1.4B $1.4B Q3 FY2024 +0% Q1 FY2024: $1.4B $1.4B Q1 FY2024 −3% Q2 FY2024: $1.4B $1.4B Q2 FY2024 +0% Q1 FY2024: $1.4B $1.4B Q1 FY2024 +2% Q2 FY2024: $1.4B $1.4B Q2 FY2024 +0% Q2 FY2025: $1.5B $1.5B Q2 FY2025 +5% Cash11 9 10 8 $146.7M in Q2 FY2025−35% since Q2 FY2024 0 $100.0M $200.0M $300.0M $400.0M Q2 FY2024: $227.4M $227.4M Q2 FY2024 Q3 FY2024: $346.9M $346.9M Q3 FY2024 +53% Q1 FY2024: $164.0M $164.0M Q1 FY2024 −53% Q2 FY2024: $164.0M $164.0M Q2 FY2024 +0% Q1 FY2024: $148.1M $148.1M Q1 FY2024 −10% Q2 FY2025: $146.7M $146.7M Q2 FY2025 −1% Long-term debt11 9 10 8 $428.0M in Q2 FY2025−26% since Q2 FY2024 0 $200.0M $400.0M $600.0M Q2 FY2024: $578.0M $578.0M Q2 FY2024 Q3 FY2024: $576.8M $576.8M Q3 FY2024 −0% Q1 FY2024: $429.7M $429.7M Q1 FY2024 −26% Q2 FY2024: $429.7M $429.7M Q2 FY2024 +0% Q1 FY2024: $428.8M $428.8M Q1 FY2024 −0% Q2 FY2025: $428.0M $428.0M Q2 FY2025 −0% Fiscal year 2017 2018 2019 2020 2021 2022 2023 2024 Cash $101.9M4 $82.3M4 $105.9M4 $215.0M5 $66.1M7 $86.9M7 $278.3M2 $164.0M2 Current assets $290.6M4 $424.7M5 $427.3M7 $497.3M7 $561.3M2 $471.4M2 Total assets $1.8B4 $1.8B5 $1.9B6 $2.2B7 $2.3B7 $2.3B2 $2.2B2 Current liabilities $140.0M4 $124.0M5 $163.8M7 $176.7M7 $189.7M2 $217.0M2 Long-term debt $1.1B4 $463.0M5 $465.0M7 $583.7M7 $580.3M2 $429.7M2 Total liabilities $1.3B4 $628.0M5 $763.8M7 $938.2M7 $933.6M2 $810.8M2 Shareholders’ equity $456.4M4 $505.6M5 $490.0M6 $1.3B7 $1.4B7 $1.4B7 $1.4B2 $1.4B2
Cash from operations4 5 6 7 2 $224.5M in 2024+234% since 2018 0 $100.0M $200.0M $300.0M $400.0M 2018: $67.3M $67.3M 2018 2019: $94.9M $94.9M 2019 +41% 2020: $98.4M $98.4M 2020 +4% 2021: $207.4M $207.4M 2021 +111% 2022: $105.8M $105.8M 2022 −49% 2023: $362.5M $362.5M 2023 +243% 2024: $224.5M $224.5M 2024 −38% Capital spending4 5 6 7 2 $77.1M in 2024+80% since 2018 0 $50.0M $100.0M $150.0M $200.0M 2018: $42.8M $42.8M 2018 2019: $63.0M $63.0M 2019 +47% 2020: $95.6M $95.6M 2020 +52% 2021: $174.8M $174.8M 2021 +83% 2022: $170.9M $170.9M 2022 −2% 2023: $88.5M $88.5M 2023 −48% 2024: $77.1M $77.1M 2024 −13% Free cash flow4 5 6 7 2 $147.3M in 2024+500% since 2018 -$100.0M 0 $100.0M $200.0M $300.0M 2018: $24.5M $24.5M 2018 2019: $31.9M $31.9M 2019 +30% 2020: $2.8M $2.8M 2020 −91% 2021: $32.6M $32.6M 2021 +1077% 2022: -$65.1M -$65.1M 2022 2023: $274.0M $274.0M 2023 2024: $147.3M $147.3M 2024 −46% Share buybacks2 $242.5M in 2024+198% since 2022 0 $100.0M $200.0M $300.0M 2022: $81.5M $81.5M 2022 2023: $115.5M $115.5M 2023 +42% 2024: $242.5M $242.5M 2024 +110% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2017 2018 2019 2020 2021 2022 2023 2024 Cash from operations $67.3M4 $94.9M5 $98.4M6 $207.4M7 $105.8M2 $362.5M2 $224.5M2 Capital spending $42.8M4 $63.0M5 $95.6M6 $174.8M7 $170.9M2 $88.5M2 $77.1M2 Free cash flow $24.5M $31.9M $2.8M $32.6M -$65.1M $274.0M $147.3M Share buybacks $81.5M2 $115.5M2 $242.5M2
Compare AZEK Co Inc. with another company
