# Amrize (AMRZ.US)

Canonical: https://gigainvestors.com/s/AMRZ

Analysis as of: 2026-10-16T07:26:29.859Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $37.32 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Steven Romick](https://gigainvestors.com/FPA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Leon Cooperman](https://gigainvestors.com/oa): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 43% since Feb 2026 · "Amrize shares tumble 10% on big guidance miss, disappointing Q2 print" (finance.yahoo.com, Aug 2025)

Story as of 2026-10-16T09:58:18.261Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in building materials; annual sales are USD 11.8 billion.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2025-12-31 (filed 2026-02-18); FY2025: revenue 11815000000; grossProfit 3034000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); AMRZ.US: 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 Building Materials segment offers cement and aggregates, as well as ready-mix concrete, asphalt, and other construction materials. The Building Envelope segment provides advanced roofing and wall systems, including single-ply membranes, insulation, shingles, sheathing, waterproofing, and protective coatings; and adhesives, tapes, and sealants. The company was formerly known as Holcim North America Finance Ltd and changed its name to Amrize AG in December 2013. Amrize AG was incorporated in 2023 and is based in Zug, Switzerland.

### Why customers stay

Margins ranged from 23.7% to 26.2% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2023-12-31 (filed 2026-02-18); FY2023: grossProfit / revenue = 23.7%.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2024-12-31 (filed 2026-02-18); FY2024: grossProfit / revenue = 26.2%.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2025-12-31 (filed 2026-02-18); FY2025: grossProfit / revenue = 25.7%.

### Where the cash goes

Reinvests 6.6% of cash earnings; paid no dividends in 5 years.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2021-12-31 (filed 2026-02-18); FY2021: growth capex 0; upkeep 394000000; owner earnings 1159000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2022-12-31 (filed 2026-02-18); FY2022: growth capex 0; upkeep 488000000; cash acquisitions 2033000000; owner earnings 1408000000. Growth capex plus acquisitions / owner earnings = 1.4438920454545454.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2023-12-31 (filed 2026-02-18); FY2023: growth capex 0; upkeep 630000000; cash acquisitions 1607000000; owner earnings 1177000000. Growth capex plus acquisitions / owner earnings = 1.3653355989804588.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2024-12-31 (filed 2026-02-18); FY2024: growth capex 0; upkeep 642000000; cash acquisitions 249000000; owner earnings 1507000000. Growth capex plus acquisitions / owner earnings = 0.16522893165228933.

- Source: https://eodhd.com/api/fundamentals/AMRZ.US.json#2025-12-31 (filed 2026-02-18); FY2025: growth capex 0; upkeep 788000000; cash acquisitions 86000000; owner earnings 1297000000. Growth capex plus acquisitions / owner earnings = 0.06630686198920586.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 7.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); AMRZ.US SharesStats.PercentInsiders = 7.381 percentage points; cache date 2026-10-16.

### What could break it

"We are affected by the level of demand in the construction industry." (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/2035989/000203598926000017/holcim-20251231.htm (filed 2026-02-18); We are affected by the level of demand in the construction industry.

### What the price says

The price is 1.7 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); Closing price 37.32 USD; reporting-to-trading FX 1; FY2025 annual sales per share 21.342124277456648; price multiple 1.7486544223444773. FY2025 cash earnings/share 2.3428468208092488. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-06: $49.55 per share

- 2025-07: $51.12 per share

- 2025-08: $52.01 per share

- 2025-09: $48.53 per share

- 2025-10: $51.84 per share

- 2025-11: $51.51 per share

- 2025-12: $54.08 per share

- 2026-01: $52.62 per share

- 2026-02: $64.99 per share

- 2026-03: $56.02 per share

- 2026-04: $53.78 per share

- 2026-05: $54.39 per share

- 2026-06: $53.30 per share

- 2026-07: $48.91 per share

- 2026-08: $43.70 per share

- 2026-09: $37.39 per share

- 2026-10: $37.32 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:32:05.936Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2035989/000203598926000017/holcim-20251231.htm); period 2025-12-31, filed 2026-02-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.