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Friday 6 November 2026
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Amrize Ltd
AMRZ Basic Materials Building Materials
Amrize Ltd’s revenue for fiscal 2025 (year ended December 2025) was $11.8 billion, up 0.95% from fiscal 2024.
- Revenue
- +2.20%
- EPS
- +3.49%
- Free cash flow
- −35.6%
- Total debt
- +0.64%
Quarter to September 2026, against a year earlier
42.60
1.55
−3.51%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 11,677 | 11,704 | 11,815 | 12,269 | +0.6% | 12,475 | 13,052 | 13,624 | +4.9% | |
| Gross margin, % | — | — | — | — | — | — | — | 23.71 | 26.23 | 25.68 | 24.97 | +2.0 pt | ||||||
| EBT | — | — | — | — | — | — | — | 1,303 | 1,628 | 1,497 | 1,581 | +7.2% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 11.16 | 13.91 | 12.67 | 12.89 | +1.5 pt | ||||||
| Net income | — | — | — | — | — | — | — | 955 | 1,273 | 1,182 | 1,247 | +11.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.00 | 21.16 | 21.36 | 22.53 | n/m | |||||
| Earnings | — | — | — | — | — | — | — | — | 2.30 | 2.14 | 2.24 | (7.0%) | ||||||
| Cash flow | — | — | — | — | — | — | — | 0.00 | 4.13 | 3.99 | 3.70 | n/m | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | (0.99) | (1.35) | (1.65) | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.00 | 3.13 | 2.64 | 2.05 | n/m | ||||||
| Book value | — | — | — | — | — | — | — | 0.00 | 17.92 | 23.96 | 23.43 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | — | 553 | 553 | 551 | 0.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 20.12 | 20.12 | 25.27 | 18.98 | 21.8 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.53 | 1.89 | 0.8 | ||||||
| P/B | — | — | — | — | — | — | — | 2.90 | 2.90 | 2.28 | 1.82 | 2.7 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.82 | 2.34 | 0.9 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 42.34 | 42.34 | 22.76 | 25.74 | 35.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 2,036 | 2,282 | 2,208 | 2,013 | +4.1% | |||||
| Capex | — | — | — | — | — | — | — | (581) | (549) | (747) | (896) | +13.4% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 1,455 | 1,733 | 1,461 | 1,117 | +0.2% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 1,496 | 2,231 | 1,824 | 265 | +10.4% | |||||
| Net debt | — | — | — | — | — | — | — | 0 | (471) | 3,347 | 5,549 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 9,203 | 9,914 | 13,254 | 12,760 | +20.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 5.44 | 4.93 | 5.10 | +4.9 pt | |||||
| ROIC | — | — | — | — | — | — | — | 12.71 | 14.07 | 7.18 | 6.51 | (5.5) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 13.33 | 10.23 | 9.62 | +10.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 19,000 | 19,000 | — | 0.0% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.62 | 0.62 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Building Materials | 8,514 | 72.06% |
|---|---|---|
| Building Envelope | 3,301 | 27.94% |
| Gross margin | 25.68% | |
| Operating margin | 16.13% | |
| Pre-tax margin | 12.67% |
Amrize Ltd vs peers in Building Materials (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CRH CRH PLC | $63.5B | 18.1× | 17.1× | +2.95% (above 0%: growing) | −20.18% (below 0%: shrinking) | −19.84% (below 0%: shrinking) | 38.79% | 18.03% | Compare |
| MLM Martin Marietta Materials, Inc. | $37.5B | 13.9× | 36.6× | +28.33% (above 0%: growing) | −42.59% (below 0%: shrinking) | +18.01% (above 0%: growing) | 27.48% | 18.49% | Compare |
| VMC Vulcan Materials Company | $36.6B | 33.5× | 32.4× | −4.67% (below 0%: shrinking) | −1.02% (below 0%: shrinking) | −54.16% (below 0%: shrinking) | 30.47% | 24.01% | Compare |
| AMRZ Amrize Ltd | $23.3B | 19.0× | 17.9× | +2.20% (above 0%: growing) | +3.49% (above 0%: growing) | −35.58% (below 0%: shrinking) | 28.67% | 20.95% | |
| JHX James Hardie Industries PLC. | $16.6B | 115× | 23.7× | +63.86% (above 0%: growing) | +20.00% (above 0%: growing) | +145.13% (above 0%: growing) | 37.21% | 14.76% | Compare |
| CX Cemex S.A.B. de C.V. | $16.2B | 23.8× | 11.9× | +8.13% (above 0%: growing) | +56.61% (above 0%: growing) | +1,454.19% (above 0%: growing) | 35.47% | 14.77% | Compare |
| EXP Eagle Materials Inc | $5.8B | 15.7× | 15.3× | +2.17% (above 0%: growing) | −14.27% (below 0%: shrinking) | −15.63% (below 0%: shrinking) | 26.77% | 23.65% | Compare |
| USLM United States Lime & Minerals, Inc. | $3.4B | 25.6× | 24.3× | +4.09% (above 0%: growing) | −1.48% (below 0%: shrinking) | +22.36% (above 0%: growing) | 47.81% | 42.10% | Compare |
| KNF Knife River Corporation | $3.3B | 24.3× | 22.6× | +5.97% (above 0%: growing) | −3.99% (below 0%: shrinking) | −27.51% (below 0%: shrinking) | 22.55% | 16.79% | Compare |
| Median of peers | $16.4B | 24.0× | 23.2× | +5.03% | −2.73% | +1.19% | 32.97% | 18.26% |
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
0.00%
Held by the ten largest
0.00%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| HRT FINANCIAL LP | 15.00k | 0.00% | +15.00k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 12 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 13.47m | 29.51m | 104.02 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Amrize Ltd (AMRZ) Latest News
29 Oct
28 Oct
10 Aug
7 Aug
6 Aug
AMRZ metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
Amrize is a building solutions company serving construction markets in North America. It sells materials used throughout a project, from cement, stone and concrete for foundations and infrastructure to roofing, insulation and wall systems for finished buildings. Its customers include builders, contractors, distributors, architects and government authorities.
The company has two businesses. Building Materials supplies cement and aggregates—materials such as crushed stone, sand and gravel—as well as ready-mix concrete, asphalt and other construction products. Building Envelope supplies products that protect and insulate buildings, including roofing membranes, shingles, wall sheathing, waterproofing and coatings. Its products are used in new construction and in repair and refurbishment.