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Investment Highlights Market Valuation Price Chart Return vs. Risk About AMRZ Interactive Breakdown Better Bets vs. AMRZ Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Amrize (AMRZ)

Market Price (10/31/2025): $51.97 | Market Cap: $28.7 Bil
Sector: Materials | Industry: Construction Materials

Amrize (AMRZ)

Market Price (10/31/2025): $51.97
Market Cap: $28.7 Bil
Sector: Materials
Industry: Construction Materials

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 2.1 Bil		  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 2.1 Bil

Market Valuation & Key Metrics

AMRZS&P 500
REVENUE GROWTHPOOR
Rev LTM ($ Bil)11.8
Rev Chg Q6.6%6.4%
Rev Chg LTM0.5%5.4%
Rev Chg 3Y Avg0.5%5.3%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)1.9
CFO LTM ($ Bil)2.1
Net Inc LTM ($ Bil)1.4
Op Mgn LTM16.2%18.7%
CFO/Rev LTM18.0%20.4%
Net Inc Mgn11.5%12.8%
VALUATIONMODERATE
P/S2.43.2
P/CFO13.515.5
P/FCF20.320.6
P/E21.223.6
STABILITYGOOD
Debt/Equity0.240.21
Cash/Assets0.030.07

AMRZ Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
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Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
AMRZ Return------0%
Peers Return12%28%-19%39%-17%-17%12%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
AMRZ Win Rate-----67% 
Peers Win Rate40%45%18%58%45%53% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
AMRZ Max Drawdown------ 
Peers Max Drawdown-29%-2%-24%-3%-22%-41% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: JHX, CAPT, RETO, VMC, MLM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

AMRZ has limited trading history. Below is the Materials sector ETF (XLB) in its place.

Unique KeyEventXLBS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-25.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven34.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven534 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-37.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven60.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven121 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-26.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven35.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven617 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-60.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven154.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1761 days1480 days

Compare to


In The Past

Materials Select Sector SPDR's stock fell -25.7% during the 2022 Inflation Shock from a high on 4/20/2022. A -25.7% loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Amrize (AMRZ)

Better Bets than Amrize (AMRZ)

 AMRZBetter Performance than AMRZ
MetricValueIndustry (Construction Materials)
Rev Chg LTM0.5%MLM (1.0%), EXP (0.9%), USLM (22.0%), KNF (2.6%), TGLS (16.9%)
Op Mgn LTM16.2%VMC (19.3%), MLM (23.2%), JHX (21.0%), EXP (25.9%), USLM (41.1%)
CFO/Rev LTM18.0%VMC (19.8%), MLM (28.3%), JHX (21.8%), EXP (24.2%), USLM (42.9%)
FCF/Rev LTM12.0%MLM (14.4%), EXP (13.7%), USLM (30.3%)
Total Yield4.7%EXP (6.7%), TGLS (7.5%), TTAM (9.0%), SMID (6.0%)
 AMRZBetter Performance than AMRZ
MetricValueAll Other Sectors
Rev Chg LTM0.5%NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Op Mgn LTM16.2%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM18.0%NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AMZN (18.1%)
FCF/Rev LTM12.0%NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield4.7%JPM (6.6%), XOM (9.7%), JNJ (8.2%), BAC (6.8%), BABA (36.3%)
 Best Bets In Materials Sector
 AMRZRGLD USLM SCCO CF EXP LIN NEU NEM CBT AXTA
What You Pay           
P/E21.226.028.031.010.415.530.214.712.68.513.5
P/EBIT15.122.324.218.46.611.321.710.78.65.58.2
What You Get           
Rev Chg Q6.6%20.4%19.6%20.1%20.2%4.3%2.8%0.6%20.0%-9.2%-2.4%
Rev Chg LTM0.5%30.1%22.0%23.2%9.5%0.9%1.3%3.7%26.6%-3.6%-1.8%
Rev Chg 3Y Avg�8.2%19.1%3.3%-12.4%5.6%0.6%4.7%23.9%-2.5%2.7%
FCF/Rev 3Y Avg�10.2%24.7%23.7%21.3%17.5%15.4%14.0%13.8%8.9%8.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

Trade Ideas

Select past ideas related to AMRZ. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		3.0%3.0%-7.8%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-16.8%-16.8%-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		8.0%8.0%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		14.5%14.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-23.1%-23.1%-23.3%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		3.0%3.0%-7.8%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-16.8%-16.8%-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		8.0%8.0%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		14.5%14.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-23.1%-23.1%-23.3%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences176.8%409.8%
2PUMPProPetro71.2%16.2%
3RNAAvidity Biosciences43.5%139.6%
4DYNDyne Therapeutics42.8%-0.0%
5GCIGannett39.3%3.8%
6FORMFormFactor38.3%34.7%
7MBXMBX Biosciences35.1%18.2%
8BBNXBeta Bionics33.8% 
9GHGuardant Health33.3%202.5%
10LUMNLumen Technologies32.7%94.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.2%5106.3%
2LRNStride-56.1%-35.8%
3NTLAIntellia Therapeutics-52.6%5.2%
4FMCFMC-48.7%-66.6%
5FIFiserv-47.4%-68.3%
6VRNSVaronis Systems-43.8%-21.2%
7THRYThryv-33.4%-44.8%
8NFENew Fortress Energy-30.5%-91.9%
9AKBAAkebia Therapeutics-29.5%10.5%
10UAMYUnited States Antimony-28.9%371.2%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines279.1%161.2%
2INBXInhibrx Biosciences131.0%409.8%
3PUMPProPetro99.6%16.2%
4DYNDyne Therapeutics88.4%-0.0%
5VICRVicor85.4%89.2%
6CELCCelcuity74.6%503.2%
7GLUEMonte Rosa Therapeutics73.5%87.5%
8NVTSNavitas Semiconductor72.1%251.8%
9LUMNLumen Technologies70.3%94.7%
10BALYBallys63.4%4.1%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-62.9%5106.3%
2LRNStride-53.8%-35.8%
3FMCFMC-51.0%-66.6%
4FIFiserv-48.3%-68.3%
5NFENew Fortress Energy-43.6%-91.9%
6VGVenture Global-41.7% 
7OGNOrganon-40.2%-55.0%
8VRNSVaronis Systems-39.5%-21.2%
9ITGRInteger-38.5%-52.2%
10LENZLENZ Therapeutics-37.9%5.5%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences176.8%409.8%
2PUMPProPetro71.2%16.2%
3RNAAvidity Biosciences43.5%139.6%
4DYNDyne Therapeutics42.8%-0.0%
5GCIGannett39.3%3.8%
6FORMFormFactor38.3%34.7%
7MBXMBX Biosciences35.1%18.2%
8BBNXBeta Bionics33.8% 
9GHGuardant Health33.3%202.5%
10LUMNLumen Technologies32.7%94.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.2%5106.3%
2LRNStride-56.1%-35.8%
3NTLAIntellia Therapeutics-52.6%5.2%
4FMCFMC-48.7%-66.6%
5FIFiserv-47.4%-68.3%
6VRNSVaronis Systems-43.8%-21.2%
7THRYThryv-33.4%-44.8%
8NFENew Fortress Energy-30.5%-91.9%
9AKBAAkebia Therapeutics-29.5%10.5%
10UAMYUnited States Antimony-28.9%371.2%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Amrize

Financials

AMRZJHXCAPTRETOVMCMLMMedian
NameAmrize James Ha.Captivis.ReTo Eco.Vulcan M.Martin M. 
Mkt Price51.9721.110.720.89290.00613.0236.54
Mkt Cap28.79.1--38.437.032.9
Rev LTM11,8253,786--7,5076,6847,095
Op Inc LTM1,916794--1,4461,5541,500
FCF LTM1,416429--869963916
FCF 3Y Avg-329--691706691
CFO LTM2,131825--1,4881,8911,689
CFO 3Y Avg-793--1,3901,4321,390

Growth & Margins

AMRZJHXCAPTRETOVMCMLMMedian
NameAmrize James Ha.Captivis.ReTo Eco.Vulcan M.Martin M. 
Rev Chg LTM0.5%-4.7%---2.2%1.0%-0.9%
Rev Chg 3Y Avg-0.2%--8.1%4.2%4.2%
Rev Chg Q6.6%-9.3%--5.8%2.7%4.2%
QoQ Delta Rev Chg LTM2.0%-2.4%--1.2%0.7%1.0%
Op Mgn LTM16.2%21.0%--19.3%23.2%20.1%
Op Mgn 3Y Avg-22.1%--17.1%28.8%22.1%
QoQ Delta Op Mgn LTM-0.6%-1.2%--0.4%0.5%-0.1%
CFO/Rev LTM18.0%21.8%--19.8%28.3%20.8%
CFO/Rev 3Y Avg-20.7%--18.4%21.7%20.7%
FCF/Rev LTM12.0%11.3%--11.6%14.4%11.8%
FCF/Rev 3Y Avg-8.5%--9.2%10.7%9.2%

Valuation

AMRZJHXCAPTRETOVMCMLMMedian
NameAmrize James Ha.Captivis.ReTo Eco.Vulcan M.Martin M. 
Mkt Cap28.79.1--38.437.032.9
P/S2.42.4--5.15.53.8
P/EBIT15.116.2--27.123.519.8
P/E21.227.4--40.933.630.5
P/CFO13.511.0--25.819.516.5
Total Yield4.7%3.7%--3.1%3.0%3.4%
Dividend Yield0.0%0.0%--0.6%0.0%0.0%
FCF Yield 3Y Avg-2.7%--2.1%2.2%2.2%
D/E0.20.3--0.10.20.2
Net D/E0.20.2--0.10.20.2

Returns

AMRZJHXCAPTRETOVMCMLMMedian
NameAmrize James Ha.Captivis.ReTo Eco.Vulcan M.Martin M. 
1M Rtn7.1%9.9%-23.4%-24.4%-5.7%-2.7%-4.2%
3M Rtn1.7%-18.6%-44.7%-59.7%5.8%6.8%-8.5%
6M Rtn--12.0%45.3%-73.7%10.4%17.6%10.4%
12M Rtn--35.4%-50.1%-92.3%5.8%1.9%-35.4%
3Y Rtn--4.2%--81.4%85.8%81.4%
1M Excs Rtn5.6%5.6%-21.6%-24.1%-5.5%-2.8%-4.2%
3M Excs Rtn-7.5%-27.8%-51.9%-68.1%-3.7%-3.1%-17.6%
6M Excs Rtn--33.8%23.5%-95.4%-11.4%-4.2%-11.4%
12M Excs Rtn--53.4%-73.3%-109.0%-4.1%-10.5%-53.4%
3Y Excs Rtn--80.2%--6.2%10.8%6.2%

Financials

$ Mil | FY: 12/312025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q4
Period End9/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/2023
Filing Date10/29/20258/7/20255/7/20252/28/20251/10/20258/7/20255/7/20251/10/2025
Key Financials Quarterly        
Total Revenue3,6753,2202,0812,8493,4463,2432,1662,914
Ebitda9998911987061,051978276620
Operating Income774667-2249780175159417
Net Income545429-55436553474-44140
EPS0.990.78-0.100.791.000.86-0.080.25
Key Financials TTM        
Total Revenue TTM11,82511,59611,61911,70411,769---
Ebitda TTM2,7942,8462,9333,0112,925---
Operating Income TTM1,9161,9432,0272,1082,028---
Net Income TTM1,3551,3631,4081,4191,123---
Growth Rates Quarterly        
Total Revenue Growth6.6%-0.7%-3.9%-2.2%----
EBITDA Growth-4.9%-8.9%-28.3%13.9%----
Operating Income Growth-3.4%-11.2%-137.3%19.2%----
Net Income Growth-1.4%-9.5%-25.0%211.4%----
Margins Quarterly        
EBITDA Margin27.2%27.7%9.5%24.8%30.5%30.2%12.7%21.3%
Operating Income Margin21.1%20.7%-1.1%17.4%23.2%23.2%2.7%14.3%
Net Income Margin14.8%13.3%-2.6%15.3%16.0%14.6%-2.0%4.8%
Cash & Debt        
Total Cash826601401,8241,445--1,107
Total Debt6,8887,1735,9585,78810,247009,524
Net Debt / (Cash)6,0626,5725,9183,9648,802--8,417
Cash Flows Quarterly        
FCF from Operations854406-8561,727623529-5971,487
Cash Flows TTM        
FCF from Operations TTM2,1311,9002,0232,2822,042---
Returns to Shareholders Quarterly        
Dividends00000000
Share Repurchases-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly        
ROIC13.2%11.0%-0.3%9.0%13.4%--5.1%
Return on Invested Capital (ROIC) TTM        
ROIC TTM8.2%8.1%8.6%9.4%8.0%---

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity11,380,849
Short Interest: % Change Since 930202530.2%
Average Daily Volume3,156,616
Days-to-Cover Short Interest3.61
Basic Shares Quantity553,100,000
Short % of Basic Shares2.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2025-6.7%3.1%7.3%
SUMMARY STATS   
# Positive011
# Negative100
Median Positive 3.1%7.3%
Median Negative-6.7%  
Max Positive 3.1%7.3%
Max Negative-6.7%  

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251029202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025507202510-12B/A 3/31/2025
12312024228202510-12B 12/31/2024
123120231102025DRS/A 12/31/2023

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Brouwer RoaldChief Technology Officer8272025Buy51.882,000103,760259,400Form
1Hill JaimePresident, Building Materials8252025Buy49.5950024,792699,198Form
2Hill JaimePresident, Building Materials8182025Buy51.994,000207,980707,184Form
3Clark Stephen SChief People Officer8182025Buy51.621005,1625,162Form
4Hill JaimePresident, Building Materials8142025Buy46.404,000185,600445,486Form

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