AMRZ

MKT CAP:$32B

Amrize Ltd

Market Cap

$32B

Basic Materials·Construction Materials·🇨🇭 Switzerland·NYSE

Materials·Construction·🇨🇭·NYSE

Stock Price

$56.84+$1.41 (+2.55%)

Apr 24, 2026

Company Details

Amrize AG focuses on building materials business in North America. The company was incorporated in 2023 and is based in Zug, Switzerland. Amrize AG operates independently of Holcim AG as of June 23, 2025.

CEO

Jan Philipp Jenisch

IPO Date

Jun 23, 2025

Website

www.holcim.com/amrize

Key Metrics TTM

Revenue

$13.0B

— YoY

Net Income

$1.7B

EPS (Diluted)

$3.17

Free Cash Flow

$2.9B

Revenue / Share

$23.46

Gross Margin

29.2%

Operating Margin

20.6%

Net Margin

13.5%

FCF Margin

22.0%

P/S

2.4x

P/E

18.2x

Earnings Reports

FY 2025

Feb 18, 2026

$11.8BEPS $2.14

Q4 2025

Feb 18, 2026

$2.8BEPS $0.54

Q3 2025

Oct 29, 2025

$3.7BEPS $0.99

Q2 2025

Aug 7, 2025

$3.2B-0.7%EPS $0.78

Q2 2024

Jun 30, 2024

$3.2BEPS $0.86

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 24	$2.2B	$272M	$60M
Q2 24	$3.2B	$979M	$754M
Q2 25	$3.2B	$966M	$669M
Q3 25	$3.7B	$1.1B	$774M
Q4 25	$2.8B	$760M	$482M

Valuation

Quarter	P/S	P/E
Q1 24	—	—
Q2 24	—	—
Q2 25	—	—
Q3 25	2.2x	18.9x
Q4 25	2.4x	17.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	-$597M	-$779M
Q2 24	$529M	$374M
Q2 25	$406M	$171M
Q3 25	$854M	$669M
Q4 25	$1.8B	$1.6B

Capital Expenditures

Quarter	CapEx
Q1 24	$182M
Q2 24	$155M
Q2 25	$235M
Q3 25	$185M
Q4 25	$157M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 25	+31.1%	+11.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$2M	0.1%
Q2 24	$2M	0.1%
Q2 25	$2M	0.1%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 24	$213M
Q2 24	$228M
Q2 25	$299M
Q3 25	$312M
Q4 25	$278M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$1.1B	$0	$1.1B
Q1 24	$1.1B	$0	$1.1B
Q3 24	$1.4B	$0	$1.4B
Q4 24	$1.8B	$0	$1.8B
Q1 25	$40M	$0	$40M
Q2 25	$601M	$0	$601M
Q3 25	$826M	$0	$826M
Q4 25	$1.9B	$0	$1.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 24	553M	—	—
Q2 24	553M	0.0%	—
Q2 25	553M	+0.1%	—
Q3 25	554M	+0.1%	—
Q4 25	553M	-0.1%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 24	—	—
Q2 24	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	$149.4K	19K

Revenue / Employee