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AmrizeAMRZ

Legal name
Amrize Ltd
Sector
Other
Industry
Cement, Hydraulic

Stock Price $AMRZ

Latest filings

You are here#18 of 25 in Materials by market cap

Filing record · 2025–202610-K110-Q58-K20

AMRZ filed 1 annual reports (10-K), 5 quarterly reports (10-Q) and 20 current reports (8-K) between 2025 and 2026.

  1. Change in control8-K · Jun ’25Jun ’25
  2. Leadership change8-K · Mar ’26Mar ’26
  3. Leadership change8-K · Sep ’26Sep ’26

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  3. $11.81B
YoY changeLargest recent move+0.2%in FY24Latest +0.9%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All AMRZ Financial Metrics55 metrics

Income Statement14

Balance Sheet24

Cash Flow12

Per Share5

02—Overview

Amrize Financial Overview 2025–2025

Updated Nov 2, 2026

Despite absorbing a 31.1% quarterly spike in administrative expenses during its June 2025 spin-off from Holcim, Amrize generated $11.8 billiona 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 billionb 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 billionc 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 (Q2 and Q3 2026)

Amrize navigated executive turnover and capital outlays to sustain top-line gains through Q3 2026. Revenue grew 2.2% to $3,771 milliond, driving a 3.3% increase in net income to $558 million. The company overhauled its leadership team, installing Samuel J. Poletti as CFO in August 2026 and Mario Gross as President of the Building Envelope division in September 2026. Management recently updated full-year 2026 revenue guidance to a range of $12.2 billion to $12.4 billion.

Bulls will highlight internal efficiency, as the ASPIRE program captured $73 millione in year-to-date savings to defend profitability. Conversely, bears will point to capital allocation that drained cash balances to $299 million from $1.922 billion nine months earlier, resulting in negative $551 million in free cash flow. Following this cash depletion, the stock appears cheaply valued relative to recent earnings, trading at 19.4x earnings as of the October 29, 2026 report date.

What to watch: impact of the new executive team on operational integration; progress toward the $80 million annual cost-savings target.

03—Filings

Recent SEC Filings

  1. 8-KAmrize 8-K Report, Financial Results (Oct 28, 2026)Amrize Ltd. reported its third-quarter 2026 financial results, demonstrating resilience with a 2.2% increase in revenue to $3,771 million and a 3.3% growth in net income to $558 million. This performance was primarily driven by strong pricing initiatives across both the Building Materials and Building Envelope segments, along with positive contributions from recent acquisitions, notably Rapid Redi-Mix. Despite headwinds from weather impacting construction volumes and ongoing cost inflation, the company successfully expanded margins in its Building Materials division by 30 basis points. Amrize also continues to prioritize shareholder returns, having completed a $1 billion share repurchase program and declared a third-quarter dividend of $0.11 per share. The company has updated its full-year 2026 guidance, now projecting revenues between $12.2 billion and $12.4 billion and Adjusted EBITDA between $2.95 billion and $3.05 billion. While Amrize anticipates continued cost inflation and elevated interest rates to present challenges, it remains optimistic about long-term demand driven by major infrastructure, data center, and energy projects. The company's strategic focus remains on profitable growth, operational efficiency through programs like ASPIRE (which has delivered $73 million in savings year-to-date), and disciplined capital allocation.
  2. 8-KAmrize 8-K Report, Executive Changes (Sep 11, 2026)Amrize Ltd (NYSE: AMRZ) disclosed in this Form 8-K, filed September 11, 2026, a senior leadership change in its Building Envelope segment. Jake Gosa, President of Building Envelope, notified the company on September 6, 2026 of his decision to resign. Under his employment agreement, a 12-month termination notice period began and runs until September 6, 2027, during which he remains an employee. The Board appointed Mario Gross as President, Building Envelope, effective September 11, 2026. Gross has been a member of the Executive Committee and Chief Supply Chain Officer since Amrize's NYSE listing in June 2025. He previously served as COO of the Building Envelope business from 2024 to 2025, so he is familiar with the segment's operations. Chairman and CEO Jan Jenisch praised his operational expertise and track record of delivering results, and framed the appointment around operational performance and long-term, profitable growth. For investors, this is a management transition within an existing business line rather than a change in financial guidance, strategy, or capital allocation. The filing contains no financial results or forward-looking targets. The continuity of Gross's prior role in the segment, together with Gosa's extended notice period, suggests an orderly handover. The main points to monitor are whether the segment's execution holds up under new leadership and whether any further changes to segment strategy are announced.
  3. 8-KAmrize 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.
  4. 8-KAmrize 8-K Report, Executive Changes (Aug 24, 2026)Amrize Ltd (NYSE: AMRZ) disclosed in an 8-K filed August 24, 2026 that its Board appointed Samuel J. Poletti as Chief Financial Officer, effective the same day. Poletti succeeds Baris Oran, who stepped down for personal reasons. Oran's departure is not tied to any disagreement with the company on financial controls, financial reporting, operations, policies, or practices. Oran remains an employee through August 24, 2027 under the 12-month notice period in his employment agreement. Poletti previously served as Chief Strategy and M&A Officer and led the company's spin-off from Holcim, so the change is an internal promotion rather than an external hire, which limits the operational-transition risk but still leaves the CFO role changing hands abruptly. The filing also details Poletti's compensation: a $725,000 base salary, a 100% target bonus with a 200% maximum, a $29,000 car allowance, a $100,000 housing allowance, relocation and repatriation benefits, and a new 2026 PSU grant with a $860,000 grant-date fair value. His international assignment from Amrize Ltd (Swiss-domiciled) to Amrize North America Inc. runs through August 23, 2031. Neither agreement provides termination or change-of-control payments. The company also announced that Dillon Cumming joins September 8, 2026 as Vice President of Investor Relations. For investors, the filing is governance and leadership news rather than a financial disclosure: no results, guidance, or financial figures are reported. The key items to monitor are continuity in finance leadership during the post-spin period, the Oran notice-period arrangement, and the incoming IR head's approach to investor communications.
  5. 8-KAmrize 8-K Report, Financial Results (Aug 6, 2026)Amrize Ltd (NYSE/SIX: AMRZ) reported second quarter 2026 results that showed solid top-line momentum but margin pressure from oil-price-driven cost inflation. Revenues rose 8.6% to $3,494 million, with organic growth of 6.7%, driven by volume gains of $200 million, acquisitions (PB Materials) contributing $54 million, and aggregates pricing. Net income increased 14.4% to $476 million, diluted EPS rose 14.7% to $0.86, and Adjusted EBITDA grew 5.8% to $986 million, though Adjusted EBITDA margin contracted 80 basis points to 28.2%. Management raised its full-year revenue guidance to $12.5–$12.7 billion, but revised Adjusted EBITDA guidance to $3.1–$3.2 billion, reflecting the timing gap between price realization and fuel, freight, and raw material inflation. The Building Envelope segment was the weak spot, with Adjusted EBITDA down 5.2% and margin down 350 basis points despite 9.4% revenue growth. The filing also carries an important disclosure: Amrize identified prior-period misstatements, most significantly an understatement of extended-warranty deferred revenue tied to the Duro-Last and Malarkey acquisitions ($78 million at December 31, 2025 and $76 million at March 31, 2026). The company concluded these were immaterial to previously issued statements but would be material if corrected in the current period, so it is revising 2025 and early-2026 comparatives in this 8-K and will reflect the revisions in future filings. Investors should treat the restated comparatives and the reduced visibility into the prior periods as a governance and reporting-quality point to monitor in the Form 10-Q due by August 10, 2026. Capital return remained active, with $502 million returned to shareholders in the quarter and a $1 billion buyback launched in May 2026. Net leverage was 1.7x at June 30, 2026, and Free Cash Flow was a use of $986 million for the first half, which is typical seasonality for the business.
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04—See also

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