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Amrize Ltd
(NYSE:AMRZ)
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Rating:61Neutral
Price Target:
$46.00
â–²(4.52% Upside)
Action:Reiterated
Date:09/06/26
AMRZ scores in the low 60s primarily due to solid but slowing fundamentals (steady margins and improved leverage, tempered by weaker growth and cash conversion) and weak technicals (price below key moving averages with negative MACD). Valuation is neutral-to-slightly expensive (P/E ~24) with a modest yield, while the latest earnings call adds support via raised revenue guidance and strong demand, offset by persistent oil-driven cost inflation and near-term margin timing pressure.
Positive Factors
Attractive-market organic growth
Strong organic growth across data centers, energy, advanced manufacturing and infrastructure indicates broad-based demand rather than reliance on a single project or market. This supports continued volume expansion, improves operating leverage, and strengthens Amrize’s position in attractive construction-materials segments.
Negative Factors
Cooling underlying growth
The deceleration from stronger earlier expansion and earnings below the 2024 peak suggest that demand growth and profit progression are not yet consistently accelerating. Slower growth can limit operating leverage, reduce reinvestment capacity, and make future earnings more dependent on pricing and acquisitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Attractive-market organic growth
Strong organic growth across data centers, energy, advanced manufacturing and infrastructure indicates broad-based demand rather than reliance on a single project or market. This supports continued volume expansion, improves operating leverage, and strengthens Amrize’s position in attractive construction-materials segments.
Read all positive factors
Amrize Ltd (AMRZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.22B
Dividend Yield1.61%
Average Volume (3M)3.97M
Price to Earnings (P/E)24.1
Beta (1Y)0.75
Revenue Growth5.09%
EPS Growth1.61%
CountryUS
Employees19,000
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)2.19
Shares Outstanding553,536,600
10 Day Avg. Volume3,799,712
30 Day Avg. Volume3,974,550
Financial Highlights & Ratios
PEG Ratio-3.63
Price to Book (P/B)2.26
Price to Sales (P/S)2.53
P/FCF Ratio21.08
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$54.19Price Target Upside23.13% Upside
Rating ConsensusHold
Number of Analyst Covering14
EPS Forecast (FY)2.55
Revenue Forecast (FY)$12.56B
Amrize Ltd Business Overview & Revenue Model
Company Description
Amrize AG engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada. It operates through two segments, Building Materials and Building Envelope. The Buil...
Amrize Ltd Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call contained a strong set of operational and financial highlights — robust revenue growth (8.6%), industry-leading organic growth (6.7%), double-digit net income and EPS improvements, healthy segment volumes and meaningful strategic investments (CapEx, M&A, ASPIRE savings and shareholder returns). However, these positives were tempered by a notable and persistent oil-driven cost inflation (freight, diesel, raw materials), timing mismatches between price realization and costs, Building Envelope margin weakness, and lumpiness from insurance proceeds that created near-term headwinds. Management expects price realization and ASPIRE savings to improve price-over-cost dynamics in H2 and to turn price-over-cost positive in Q4, but the cost environment forces a cautious near-term outlook and adjusted full-year EBITDA guidance that reflects these pressures. Overall, the company shows strong demand, cash generation and strategic execution, but faces tangible inflationary and timing challenges that will pressure margins into the second half before expected improvement.Positive Updates
Strong Top-Line Growth
Total revenue grew 8.6% year-over-year in Q2 2026, driven by mega project demand across data centers, energy, advanced manufacturing and infrastructure.
Negative Updates
Oil-Driven Cost Inflation
Rapid oil price-driven inflation increased freight, diesel and raw materials costs materially. Management now expects approximately $140 million to $170 million of higher cost for full-year 2026 attributable to these factors, which pressured margins in Q2 and the year-to-date period.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Total revenue grew 8.6% year-over-year in Q2 2026, driven by mega project demand across data centers, energy, advanced manufacturing and infrastructure.
Read all positive updates
Company Guidance
Amrize updated full‑year 2026 guidance to revenue of $12.5–$12.7 billion and adjusted EBITDA of $3.1–$3.2 billion, noting Q2 adjusted EBITDA was $986 million; they expect strong volume-driven EBITDA contribution of $150–$170 million for the year, $60–$80 million from price actions, roughly $140–$170 million of oil‑driven cost headwinds (freight, diesel, raw materials), ~ $80 million of ASPIRE savings, $30–$50 million from M&A, and a ~ $55 million net headwind from lapping prior insurance recoveries. Segment and price/volume guidance includes cement pricing flat to up low single digits, aggregates pricing up mid‑single digits on a freight‑adjusted basis, Building Materials volumes and adjusted EBITDA momentum (Building Materials Q2 revenue $2.4B, cement volumes +5%, aggregates volumes +6.5%, premium cement >$171/short ton; Building Materials adjusted EBITDA $793M), Building Envelope revenues $1.0B with commercial roofing guided to low single‑digit volume growth and residential roofing to high single‑digit volume growth for the year. Management expects price‑over‑cost to improve in H2, turn positive in Q4 with further improvement into 2027, net interest expense of roughly $340 million for the year, leverage of 1.7x, cash of ~$729 million and total available liquidity of ~$4 billion.Amrize Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.19B | 11.81B | 11.70B | 11.68B | 10.73B |
| Gross Profit | 3.05B | 3.03B | 3.07B | 2.77B | 2.47B |
| EBITDA | 2.84B | 2.81B | 3.02B | 2.70B | 2.50B |
| Net Income | 1.21B | 1.19B | 1.27B | 956.00M | 1.11B |
Balance Sheet | |||||
| Total Assets | 24.60B | 24.25B | 23.52B | 23.05B | 20.67B |
| Cash, Cash Equivalents and Short-Term Investments | 729.00M | 1.92B | 1.82B | 1.11B | 351.00M |
| Total Debt | 6.63B | 5.91B | 5.79B | 9.52B | 8.66B |
| Total Liabilities | 11.74B | 10.99B | 10.21B | 13.84B | 12.46B |
| Stockholders Equity | 12.86B | 13.25B | 13.31B | 9.20B | 8.21B |
Cash Flow | |||||
| Free Cash Flow | 1.32B | 1.42B | 1.64B | 1.41B | 1.50B |
| Operating Cash Flow | 2.18B | 2.21B | 2.28B | 2.04B | 1.99B |
| Investing Cash Flow | -1.25B | -361.00M | -1.21B | -2.02B | -2.52B |
| Financing Cash Flow | -808.00M | -1.55B | -537.00M | 734.00M | 497.00M |
Amrize Ltd Technical Analysis
Negative
44.01
Price Trends
50.33
Negative
Market Momentum
0.10
Positive
48.99
Neutral
14.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMRZ, the sentiment is Negative. The current price of 44.01 is below the 20-day moving average (MA) of 49.84, below the 50-day MA of 50.33, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 48.99 is Neutral, neither overbought nor oversold. The STOCH value of 14.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMRZ.
Amrize Ltd Risk Analysis
Amrize Ltd disclosed 2 risk factors in its most recent earnings report. Amrize Ltd reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Amrize Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $36.36B | 12.33 | 23.11% | 0.66% | 0.06% | 125.23% | |
70 Outperform | $33.47B | 29.40 | 13.11% | 0.82% | 6.86% | 18.35% | |
66 Neutral | $17.33B | 114.50 | 2.27% | 2.70% | 42.93% | -67.45% | |
65 Neutral | $16.77B | 32.72 | 3.67% | 0.91% | 9.40% | -67.61% | |
62 Neutral | $1.79B | 13.98 | 17.29% | 1.51% | 9.87% | -26.90% | |
61 Neutral | $23.22B | 24.15 | 10.79% | 1.61% | 5.09% | 1.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AMRZ
Amrize Ltd
40.44
-14.51
-26.41%
CX
Cemex SAB
10.66
1.25
13.33%
MLM
Martin Marietta Materials
502.47
-125.12
-19.94%
VMC
Vulcan Materials
250.60
-48.81
-16.30%
TGLS
Tecnoglass
38.31
-34.40
-47.31%
JHX
James Hardie Industries PLC
28.19
8.18
40.88%
Amrize Ltd Corporate Events
Executive/Board Changes
Amrize Ltd Appoints Zane Nielsen Chief Accounting Officer
Positive
Sep 1, 2026
On August 28, 2026, Amrize Ltd’s board appointed 49-year-old Zane Nielsen as Chief Accounting Officer and Corporate Controller, effective September 1, 2026, succeeding Richard Hoffman as the company’s principal accounting officer. Niel...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.