AMRZ financial statements
The full income statement, balance sheet, and cash-flow statement for Amrize Ltd (AMRZ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 11.8B+0.9% | 11.7B+0.2% | 11.7B | |
| 3.03B-1.2% | 3.07B+10.9% | 2.77B | ||
| Cost of revenue | 8.78B+1.7% | 8.63B-3.1% | 8.91B | |
| Selling, general & administrative | 1.13B+19.5% | 944M+5.1% | 898M | |
| Amortization of intangibles | 142M+2.2% | 139M-14.2% | 162M | |
| Provision for credit losses | 9.00M+50.0% | 6.00M-57.1% | 14.0M | |
| Operating income | 1.91B-13.2% | 2.19B+16.3% | 1.89B | |
| Interest expense | 461M-15.7% | 547M-3.0% | 564M | |
| Interest & investment income | 48.0M+37.1% | 35.0M+133.3% | 15.0M | |
| Other non-operating income | 4.00M+107.3% | -55.0M-52.8% | -36.0M | |
| Equity-method income | 11.0M-15.4% | 13.0M+0.0% | 13.0M | |
| Pre-tax income | 1.50B-8.0% | 1.63B+24.9% | 1.30B | |
| Income tax | 326M-11.4% | 368M+1.9% | 361M | |
| 1.19B-7.0% | 1.27B+33.3% | 956M | ||
| Net income to non-controlling interest | -3.00M-200.0% | -1.00M+0.0% | -1.00M | |
| $2.14-7.0% | $2.30+32.9% | $1.73 | ||
| EPS (basic) | $2.14-7.0% | $2.30+32.9% | $1.73 | |
| Weighted-avg shares (basic) | 553M+0.0% | 553M+0.0% | 553M | |
| Weighted-avg shares (diluted) | 554M+0.1% | 553M+0.0% | 553M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 4.61B-3.5% | 4.78B | — | ||
| Cash & equivalents | 1.92B+21.3% | 1.58B+43.2% | 1.11B | |
| Inventory | 1.49B+2.6% | 1.45B | — | |
| Prepaid expenses | 88.0M-38.5% | 143M | — | |
| Other current assets | — | 20.0M | — | |
| 24.2B+1.7% | 23.8B | — | ||
| Operating lease right-of-use | 615M+12.4% | 547M | — | |
| Goodwill | 9.04B+1.4% | 8.92B-0.6% | 8.97B | |
| Intangible assets | 1.73B-5.7% | 1.83B | — | |
| Deferred tax assets | 20.0M | 0.00 | — | |
| Other non-current assets | 273M+40.7% | 194M | — | |
| 2.88B+13.1% | 2.55B | — | ||
| Accounts payable | 1.53B | — | — | |
| Deferred revenue | 61.0M-9.0% | 67.0M | — | |
| Short-term & current debt | 333M | 0.00 | — | |
| Current lease liability | 136M-8.7% | 149M | — | |
| Other current liabilities | 886M-0.8% | 893M | — | |
| Finance lease liability (current) | 114M+75.4% | 65.0M | — | |
| 11.1B-20.2% | 13.9B | — | ||
| Long-term debt | 4.94B | — | — | |
| Deferred revenue (non-current) | 458M+34.3% | 341M | — | |
| Non-current lease liability | 500M+29.5% | 386M | — | |
| Operating lease liability (total) | 636M | — | — | |
| Finance lease liability (total) | 438M | — | — | |
| Finance lease liability | 321M+2.9% | 312M | — | |
| Deferred tax liabilities | 1.04B+11.3% | 936M | — | |
| Other non-current liabilities | 1.73B+13.4% | 1.52B | — | |
| 13.1B+32.4% | 9.91B+7.7% | 9.20B | ||
| Common stock | 6.00M | 0.00 | — | |
| Additional paid-in capital | 12.6B | 0.00 | — | |
| Retained earnings | 930M | 0.00 | — | |
| Treasury stock | 0.00 | 0.00 | — | |
| Accumulated other comprehensive income | -380M+37.3% | -606M | — | |
| Non-controlling interest | -4.00M-300.0% | -1.00M | — | |
| Total equity incl. non-controlling | 13.1B+34.2% | 9.78B+6.3% | 9.20B | |
| Total liabilities & equity | 24.2B+1.7% | 23.8B | — | |
| Common shares issued | 567M | — | — | |
| Common shares outstanding | 553M | — | — | |
| Shares outstanding (cover) | 553M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 2.21B-3.2% | 2.28B+12.1% | 2.04B | ||
| Depreciation & amortization | 758M+3.0% | 736M+6.8% | 689M | |
| Intangible amortization | 142M+2.2% | 139M-14.2% | 162M | |
| Share-based compensation | 14.0M+133.3% | 6.00M+20.0% | 5.00M | |
| Deferred income taxes | 78.0M+322.9% | -35.0M-418.2% | 11.0M | |
| Change in receivables | 43.0M+120.4% | -211M-354.2% | 83.0M | |
| Change in inventory | 61.0M-58.2% | 146M+1985.7% | 7.00M | |
| -361M+70.1% | -1.21B+40.3% | -2.02B | ||
| Capital expenditure | 788M+22.7% | 642M+1.9% | 630M | |
| Free cash flow | 1.42B-13.4% | 1.64B+16.6% | 1.41B | |
| Acquisitions | 86.0M-65.5% | 249M-84.5% | 1.61B | |
| Other investing activities | 52.0M+92.6% | 27.0M+12.5% | 24.0M | |
| -1.55B-189.6% | -537M-173.2% | 734M | ||
| Long-term debt issued | 3.40B | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | |
| Dividends paid | — | 0.00 | 0.00 | |
| Other financing activities | -3.00M+62.5% | -8.00M-214.3% | 7.00M | |
| Net change in cash | 337M-29.5% | 478M-36.8% | 756M | |
| Interest paid | 411M-17.3% | 497M-1.4% | 504M | |
| Income taxes paid | 369M+22.2% | 302M+43.1% | 211M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 29.9B | — | — | |
| P/E | 25.2× | — | — | |
| P/S | 2.5× | — | — | |
| P/B | 2.3× | — | — | |
| P/FCF | 21.1× | — | — | |
| Earnings yield | 4.0% | — | — | |
| FCF yield | 4.7% | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: AMRZ’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AMRZ filings on SEC EDGAR → Not investment advice.