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Aurizon Holdings
(Sydney:AZJ)
Aurizon Holdings (AZJ) vs. iShares MSCI Australia ETF (EWA)
Aurizon Holdings Business Overview & Revenue Model
Aurizon Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.96B | 3.87B | 3.76B | 3.44B | 3.00B | 2.96B |
| Gross Profit | 1.28B | 3.25B | 1.56B | 712.00M | 796.00M | 870.10M |
| EBITDA | 1.54B | 1.53B | 1.64B | 1.38B | 1.46B | 1.50B |
| Net Income | 303.00M | 303.00M | 406.00M | 276.00M | 513.00M | 730.30M |
Balance Sheet | ||||||
| Total Assets | 11.64B | 11.64B | 11.82B | 11.89B | 9.85B | 10.00B |
| Cash, Cash Equivalents and Short-Term Investments | 64.00M | 64.00M | 49.00M | 92.00M | 172.10M | 148.80M |
| Total Debt | 5.50B | 5.50B | 5.08B | 5.28B | 3.34B | 3.88B |
| Total Liabilities | 7.56B | 7.56B | 7.38B | 7.54B | 5.44B | 5.72B |
| Stockholders Equity | 4.09B | 4.09B | 4.44B | 4.35B | 4.41B | 4.27B |
Cash Flow | ||||||
| Free Cash Flow | 605.00M | 765.00M | 451.00M | 91.00M | 641.50M | 580.60M |
| Operating Cash Flow | 1.29B | 1.46B | 1.27B | 849.00M | 1.19B | 1.10B |
| Investing Cash Flow | -706.00M | -707.00M | -692.00M | -2.85B | -527.00M | -361.00M |
| Financing Cash Flow | -397.00M | -739.00M | -626.00M | 1.92B | -639.70M | -615.00M |
Aurizon Holdings Technical Analysis
Aurizon Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$5.02B | 20.43 | 42.87% | 3.56% | 1.48% | 25.46% | |
71 Outperform | AU$725.00M | 20.87 | 50.61% | 5.24% | 12.96% | 8.19% | |
71 Outperform | AU$2.42B | 27.46 | 8.17% | 4.73% | 13.19% | 14.79% | |
64 Neutral | €5.22B | 38.67 | 6.66% | 3.11% | -4.53% | 97.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | €8.48B | 74.84 | 3.82% | 2.07% | 28.47% | -50.19% | |
60 Neutral | AU$6.34B | 21.37 | 7.03% | 4.29% | 3.01% | -23.84% |
Aurizon Holdings Corporate Events
Aurizon Holdings has disclosed a change in director Samantha Tough’s shareholding, as required under market disclosure rules. Tough acquired 8,000 additional Aurizon ordinary shares on 31 December 2025 at $3.68 per share, increasing her direct holding to 39,586 shares, alongside an unchanged indirect holding of 8,391 shares through PSCC Pty Ltd
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings has notified the market of the appointment of Amanda McMillan as a director of the company, effective 1 January 2026, in accordance with ASX disclosure requirements. The initial director’s interest notice confirms that McMillan currently holds no relevant interests in Aurizon securities, signalling a governance-focused update with no immediate change to the company’s capital or ownership structure for existing shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings has notified the ASX of a change in director Samantha Tough’s interests, following her indirect acquisition of 8,391 ordinary shares in the company on 22 December 2025 at $3.575 per share. As a result of the transaction, Tough now holds 31,586 Aurizon shares directly and 8,391 shares indirectly via PSCC Pty Ltd
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited, listed on the ASX under the code AZJ, has an on‑market buy-back program in place for its ordinary fully paid shares. The rail freight operator is using this capital management tool to reduce its share count and potentially enhance earnings per share and shareholder returns over time.
The company has updated the market with a daily buy-back notification dated 31 December 2025, reporting that it repurchased 1,314,602 shares on the previous trading day, taking the total number of securities bought back since the program’s commencement on 18 August 2025 to 34,915,360. The ongoing on‑market buy-back underscores Aurizon’s active approach to balance sheet management and signals continued confidence in the company’s valuation and cash-generation capacity, with implications for existing investors through a more concentrated equity base.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings has provided an update on its on-market share buy-back program, confirming that it repurchased 1,769,153 ordinary fully paid shares on the previous trading day, taking the cumulative total bought back to 33,146,207 shares since the program commenced in August 2025. The ongoing daily buy-back notifications indicate a sustained capital management initiative that reduces the company’s share count, which can enhance earnings per share and signal confidence in its financial position, with implications for shareholder value and Aurizon’s capital structure over time.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 29 December 2025, the company reported that a cumulative total of 30,862,605 shares had been repurchased prior to the previous trading day, with a further 2,283,602 shares bought back on that day alone. The continued execution of this buy-back signals active capital management by Aurizon, potentially supporting earnings per share and capital structure efficiency, and may be interpreted by investors as an indicator of management’s confidence in the company’s valuation and long-term prospects.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited is an Australian rail freight and logistics company listed on the ASX under ticker AZJ, operating primarily in the transportation of bulk commodities and other freight services nationwide. The company has updated the market on progress of its on‑market share buyback program, reporting that a total of 29,060,117 ordinary fully paid shares had been repurchased before the previous trading day, with a further 1,802,488 shares bought back on the prior day, signalling ongoing capital management and a continued focus on returning value to shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings has provided an updated notification of its on‑market share buy-back, confirming that a total of 26,930,983 ordinary fully paid shares had been repurchased prior to the latest trading day, with a further 2,129,134 shares bought back on the previous day. The continued execution of the buy-back program, first notified in August 2025, signals management’s ongoing capital management strategy, which may support earnings per share and capital efficiency, and reflects confidence in the company’s valuation while potentially affecting liquidity and ownership structure for existing shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.45 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has provided an updated daily notification to the ASX on its ongoing on-market share buy-back of ordinary fully paid shares, confirming that it repurchased 653,533 securities on the previous trading day, taking the cumulative total bought back to 26,277,450 shares since the program’s commencement. The continued execution of the buy-back reflects Aurizon’s active capital management strategy, which can support earnings per share by reducing the number of shares on issue and may signal confidence in the company’s valuation to investors, while modestly increasing ownership concentration among remaining shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, with a total of 889,029 ordinary fully paid securities bought back on the previous day. This initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced a daily update regarding its ongoing on-market buy-back program, with a total of 545,924 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 24,842,497 securities repurchased. This buy-back initiative is part of Aurizon’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting confidence in its financial position and future prospects.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited announced a daily update on its ongoing on-market buy-back program, revealing that a total of 474,557 ordinary fully paid securities were repurchased on the previous day, adding to the cumulative total of 24,367,940 shares bought back. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting its commitment to financial management and market positioning.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing share buy-back program. The company reported the buy-back of 1,360,099 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 22,590,387. This move is part of Aurizon’s strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, with a total of 751,165 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 21,839,222 securities. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure, potentially enhancing shareholder value and indicating confidence in its financial health.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 21,548,272 securities, with an additional 290,950 securities bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 21,548,272 ordinary fully paid securities, with 292,732 bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to returning excess capital to shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced a change in the interests of its director, Andrew Harding, with the acquisition of 842,202 performance rights under the company’s Long Term Incentive (LTI) Plan for 2025. This move, approved at the company’s 2025 Annual General Meeting, reflects a strategic alignment with shareholder interests and aims to enhance executive motivation and retention, potentially impacting the company’s operational focus and stakeholder confidence.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited announced the cessation of 788,806 performance rights due to unmet conditions, effective November 11, 2025. This cessation may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s performance metrics and strategic goals.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of November 12, 2025, the company has repurchased a total of 19,934,456 ordinary fully paid securities, with an additional 1,029,596 securities bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 19,161,222 securities bought back before the previous day and an additional 773,234 securities acquired on the previous day. This buy-back initiative reflects the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial position.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of November 10, 2025, the company has repurchased a total of 18,658,259 ordinary fully paid securities, with an additional 502,963 securities bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited announced an update regarding its ongoing on-market buy-back program, with a total of 705,885 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 17,319,690 securities. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its financial resources.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 561,658 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 16,758,032 securities repurchased. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update on its ongoing share buy-back program, revealing that it has repurchased a total of 723,183 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 16,034,849. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its financial resources.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, with a total of 15,451,967 ordinary fully paid securities bought back before the previous day and an additional 582,882 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 558,078 ordinary fully paid securities bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and return value to shareholders, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 221,936 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to over 14 million. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to returning surplus capital to shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of October 23, 2025, the company has repurchased a total of 14,217,179 ordinary fully paid securities, including 1,000,000 bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of October 21, 2025, the company has repurchased a total of 13,217,179 ordinary fully paid securities, including 816,983 on the previous day. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited announced a change in the interest of its director, Andrew Harding, involving the conversion of performance rights into ordinary shares under the Long Term Incentive Award (2021). This change resulted in Harding acquiring 163,653 ordinary shares, which were subsequently transferred to the Bunyip Aristocrats Trust. The announcement reflects the company’s ongoing commitment to aligning executive incentives with shareholder interests, potentially impacting stakeholder perceptions and the company’s market positioning.
The most recent analyst rating on (AU:AZJ) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced the issuance of 643,059 ordinary fully paid securities as of October 14, 2025. This move reflects the company’s ongoing financial strategies and could potentially impact its market positioning by enhancing its capital structure, which may have implications for its stakeholders.
The most recent analyst rating on (AU:AZJ) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited announced the cessation of 1,929,178 performance rights due to unmet conditions, effective October 13, 2025. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s performance metrics and future incentive strategies.
The most recent analyst rating on (AU:AZJ) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program, revealing that a total of 1,444,962 ordinary fully paid securities were bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of October 16, 2025, the company has bought back a total of 9,677,200 ordinary fully paid securities, including 1,089,080 securities purchased on the previous day. This buy-back initiative is part of Aurizon’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited announced the successful passage of all resolutions at its 2025 Annual General Meeting. Key resolutions included the adoption of the Remuneration Report, the re-election of directors Dr. Sarah Ryan and Mr. Lyell Strambi, and the approval of performance rights for the Managing Director & CEO under the Long Term Incentive Plan. The resolutions were passed with significant majorities, indicating strong shareholder support, which is likely to positively impact the company’s governance and strategic initiatives.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings has reaffirmed its FY2026 financial guidance, projecting earnings before interest, tax, depreciation, and amortization (EBITDA) between $1,680 and $1,750 million, with full-year dividends expected to be 19-20 cents per share. The company is undergoing leadership changes with the Chairman planning to retire by the end of 2025, and efforts are underway to find his successor. Despite a 7% shortfall in expected EBITDA for FY2025 due to deferred revenue and increased bad debt provisions, Aurizon maintained strong credit ratings and continued capital returns to shareholders. The company also signed a non-binding term sheet for a new regulatory arrangement for its Central Queensland Coal infrastructure, set to begin in 2027.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of October 15, 2025, the company has repurchased a total of 8,588,120 ordinary fully paid securities, with 865,504 bought back on the previous day. This buy-back initiative is part of Aurizon’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock performance and market perception.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program. As of October 14, 2025, the company has repurchased a total of 7,208,471 ordinary fully paid securities, with an additional 514,145 securities bought back on the previous day. This buy-back initiative reflects Aurizon’s strategic efforts to optimize its capital structure and enhance shareholder value.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.