Amrize LtdAMRZ
Amrize Ltd Financial Overview 2025–2025
Updated Aug 15, 2026Despite absorbing a 31.1% quarterly spike in administrative expenses during its June 2025 spin-off from Holcim, Amrize generated $11.8 billion in total revenue for FY2025. The independent building materials supplier is successfully offsetting heavy corporate transition costs by passing price increases to customers and executing targeted acquisitions to maintain standalone profitability.
The company built its operational footprint through steady buyouts, tracking from five acquisitions in FY2023 to three additional purchases during FY2025, ultimately driving $1.18 billion in annual net income. Operations are anchored by the core Building Materials segment, which produced 72.1% of annual sales. By Q2 2026, higher cement pricing and aggregate volume growth pushed total quarterly revenues up 8.6% to $3,494 million. This top-line momentum quickly erased a $118 million net loss from Q1 2026, allowing Amrize to post $478 million in net income and achieve a 13.6% profit margin just one quarter later.
The market readily digested the newly independent capital structure, which includes $5.3 billion in senior unsecured notes. At the close of FY2025, investors valued the enterprise at a $29.9 billion market cap, with shares closing at $54.08 and trading at 25.3x earnings. Management signaled confidence in this valuation trajectory by repurchasing 3.76 million shares during Q2 2026 and securing shareholder approval for a $0.44 special dividend.
Recent Developments (Q1 and Q2 2026)
Leadership transitions and accounting revisions defined H1 2026. Baris Oran took over as Chief Financial Officer in April 2026. Q1 2026 revenue climbed 4.7% to $2,178 million, but Adjusted EBITDA fell 10.3% to $192 million, compressing the margin to 8.8%. Total H1 2026 sales reached $5,675 million, lifting Q2 2026 diluted earnings to $0.86 per share.
Bulls will highlight the Building Envelope segment, which reversed a 9.8% revenue decline in Q1 2026 into a 9.4% gain. Bears will note that cash dropped from $1,922 million at the end of 2025 to $729 million by the end of Q2 2026. Management also disclosed prior period accounting misstatements in August 2026, which will alter full-year forecasts. The stock appears cheaply valued relative to recent earnings, trading at 21.6x earnings and a $25.6 billion market cap as of the August 10, 2026 release date, not today.
What to watch: margin impacts from accounting corrections; strategic execution under the new CFO
Rev
$11.81B
FY2025
NI
$1.19B
FY2025
EPS
$2.14
FY2025
OCF
$2.21B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All AMRZ Financial Metrics(52)
Income Statement
Balance Sheet
- Cash & ST Investments
- Total Assets
- Current Assets
- Cash
- Inventory
- Prepaid & Other
- Goodwill
- Intangibles
- Other Non-current
- Total Liabilities
- Current Liabilities
- Accounts Payable
- Short-Term Debt
- Deferred Revenue
- Long-Term Debt
- Other Non-current Liab.
- Equity
- Retained Earnings
- Accumulated OCI
- APIC
- Treasury Stock
- NCI
- Total L&E
- Shares Outstanding
Cash Flow
Recent SEC Filings
Amrize Ltd 8-K Report, Executive Changes (Sep 11, 2026)
Amrize Ltd (AMRZ) announced a change in leadership within its Building Envelope division. Effective September 11, 2026, Mr. Jake Gosa, the outgoing President of Building Envelope, has entered into a 12-month termination notice period under his existing employment agreement, concluding on September 6, 2027. During this period, Mr. Gosa will continue his employment with the Company. Concurrently, the Board of Directors has appointed Mr. Mario Gross to succeed Mr. Gosa as the new President of Building Envelope. This leadership transition marks a significant change for the Building Envelope segment. Investors should monitor the performance of this division under Mr. Gross's leadership and assess the impact of Mr. Gosa's departure and subsequent transition period on the Company's operations and strategic direction. The Company has disclosed these events via a press release furnished as an exhibit to this 8-K filing.
Amrize Ltd 8-K Report, Executive Changes (Sep 1, 2026)
Amrize Ltd (AMRZ) has announced a key leadership change in its finance department via an 8-K filing dated September 1, 2026. The company has appointed Zane Nielsen as its new Chief Accounting Officer and Corporate Controller, effective September 1, 2026. Mr. Nielsen will assume the role of principal accounting officer, replacing Richard Hoffman. This appointment is significant as it brings in a seasoned finance professional with extensive experience in external reporting, technical accounting, and SEC reporting from prominent companies like Holcim, Deere & Company, Union Pacific Railroad, KPMG, and Arthur Andersen. His background as a Certified Public Accountant and his academic credentials further bolster his qualifications for this critical role. Investors can view this appointment as a positive development, suggesting a commitment to strengthening the company's financial reporting and oversight. Mr. Nielsen's compensation package includes a base salary of $350,000, eligibility for annual bonuses (50% of base salary target), and long-term incentives (60% of base salary target starting in 2027), along with standard benefits. His prior roles within Amrize Ltd as Head of External Reporting, and his extensive public accounting and corporate experience, indicate a deep understanding of the company's financial operations. There are no disclosed related-party transactions or other conflicts of interest associated with his appointment.
Amrize Ltd 8-K Report, Executive Changes (Aug 24, 2026)
Amrize Ltd (AMRZ) has announced a significant leadership change in its finance department through an 8-K filing on August 24, 2026. Samuel J. Poletti has been appointed as the new Chief Financial Officer (CFO), succeeding Baris Oran, who is stepping down for personal reasons. Mr. Poletti brings extensive experience in strategy and mergers & acquisitions, having most recently served as Amrize's Chief Strategy and M&A Officer since its spin-off from Holcim Ltd in June 2025, and prior to that, holding various M&A and strategy roles at Holcim. This transition involves a new employment agreement for Mr. Poletti, including a base salary of $725,000, a target annual bonus of 100% of base salary (with a maximum of 200%), and significant relocation and housing allowances reflecting his move to the U.S. for an international assignment. He will also receive performance stock units valued at $860,000. Importantly, neither Mr. Poletti nor Mr. Oran are eligible for termination or change of control payments under their respective agreements. Mr. Oran's departure is amicable and not due to any disagreements.
Amrize Ltd 8-K Report, Financial Results (Aug 6, 2026)
Amrize Ltd (AMRZ) filed an 8-K on August 6, 2026, primarily to disclose financial results for the quarter ended June 30, 2026, through an accompanying press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2). While the press release details the current period's performance, a significant point for investors is the company's acknowledgment of prior period misstatements. Amrize Ltd has determined that while these misstatements were not material to previously issued financial statements, their correction will be material to the current quarter's results and future forecasts for the year ending December 31, 2026. Investors should pay close attention to Exhibit 99.3, which provides the specific details of these prior period financial revisions. This disclosure suggests a need for a thorough review of the company's historical financial reporting accuracy. The company is providing these financial results and the revision details on a furnished basis, meaning they are not subject to the same liability as formally filed information under Section 18 of the Securities Exchange Act of 1934.
Amrize Ltd 8-K Report, Financial Results (Apr 29, 2026)
Amrize Ltd (AMRZ) has filed a Form 8-K to report its financial results for the first quarter ended March 31, 2026. The filing includes a press release detailing these results, which are intended to provide investors with timely information on the company's performance. The company has also made available an investor presentation to offer further context and insights into its financial condition and strategic outlook. Investors should review the furnished press release (Exhibit 99.1) and the investor presentation (Exhibit 99.2) for comprehensive details on the quarter's performance. These documents, available on Amrize Ltd's investor relations website, are crucial for understanding the company's operational and financial standing. The furnishing of this information under Regulation FD is designed to ensure broad public dissemination of material information.
View all 8-K filings →