Is the business good?
How good a business is AMRZ?
Amrize Ltd earns 8.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.1%
Return on invested capital · cost of capital 9.0% · 0.91 points below what the capital costs: growth destroys value
- Operating margin
- 16%
Operating margin · Building Materials median 18% · 12 months to Q1 2026
- Cash conversion
- 1.14×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.02%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2023 | 16% |
| FY2024 | 19% |
| FY2025 | 16% |
Details›
- Gross margin12 months to Q1 2026
- 25%
- Operating margin12 months to Q1 2026
- 16%
- Net margin12 months to Q1 2026
- 9.7%
- Free cash flow margin
- 11%
- Revenue, trailing twelve months
- $11.9B
- Free cash flow, trailing twelve months
- $1.32B
- Net income, trailing twelve months
- $1.16B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.