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)

2025-06 553.1M2025-09 553.1M2025-12 553.1M2026-03 553.5M2026-06 546.9M-1.1% over 4 periods

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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
Revenue	11.8B YoY+0.9%	11.7B YoY+0.2%	11.7B
	3.03B YoY-1.2%	3.07B YoY+10.9%	2.77B
Cost of revenue	8.78B YoY+1.7%	8.63B YoY-3.1%	8.91B
Selling, general & administrative	1.13B YoY+19.5%	944M YoY+5.1%	898M
Amortization of intangibles	142M YoY+2.2%	139M YoY-14.2%	162M
Provision for credit losses	9.00M YoY+50.0%	6.00M YoY-57.1%	14.0M
Operating income	1.91B YoY-13.2%	2.19B YoY+16.3%	1.89B
Interest expense	461M YoY-15.7%	547M YoY-3.0%	564M
Interest & investment income	48.0M YoY+37.1%	35.0M YoY+133.3%	15.0M
Other non-operating income	4.00M YoY+107.3%	-55.0M YoY-52.8%	-36.0M
Equity-method income	11.0M YoY-15.4%	13.0M YoY+0.0%	13.0M
Pre-tax income	1.50B YoY-8.0%	1.63B YoY+24.9%	1.30B
Income tax	326M YoY-11.4%	368M YoY+1.9%	361M
	1.19B YoY-7.0%	1.27B YoY+33.3%	956M
Net income to non-controlling interest	-3.00M YoY-200.0%	-1.00M YoY+0.0%	-1.00M
	$2.14 YoY-7.0%	$2.30 YoY+32.9%	$1.73
EPS (basic)	$2.14 YoY-7.0%	$2.30 YoY+32.9%	$1.73
	553M YoY+0.0%	553M YoY+0.0%	553M
	554M YoY+0.1%	553M YoY+0.0%	553M
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	4.61B YoY-3.5%	4.78B	—
Cash & equivalents	1.92B YoY+21.3%	1.58B YoY+43.2%	1.11B
Inventory	1.49B YoY+2.6%	1.45B	—
Prepaid expenses	88.0M YoY-38.5%	143M	—
Other current assets	—	20.0M	—
	24.2B YoY+1.7%	23.8B	—
Operating lease right-of-use	615M YoY+12.4%	547M	—
Goodwill	9.04B YoY+1.4%	8.92B YoY-0.6%	8.97B
Intangible assets	1.73B YoY-5.7%	1.83B	—
Deferred tax assets	20.0M	0.00	—
Other non-current assets	273M YoY+40.7%	194M	—
	2.88B YoY+13.1%	2.55B	—
Accounts payable	1.53B	—	—
Deferred revenue	61.0M YoY-9.0%	67.0M	—
Short-term & current debt	333M	0.00	—
Current lease liability	136M YoY-8.7%	149M	—
Other current liabilities	886M YoY-0.8%	893M	—
Finance lease liability (current)	114M YoY+75.4%	65.0M	—
	11.1B YoY-20.2%	13.9B	—
Long-term debt	4.94B	—	—
Deferred revenue (non-current)	458M YoY+34.3%	341M	—
Non-current lease liability	500M YoY+29.5%	386M	—
Operating lease liability (total)	636M	—	—
Finance lease liability (total)	438M	—	—
Finance lease liability	321M YoY+2.9%	312M	—
Deferred tax liabilities	1.04B YoY+11.3%	936M	—
Other non-current liabilities	1.73B YoY+13.4%	1.52B	—
	13.1B YoY+32.4%	9.91B YoY+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 YoY+37.3%	-606M	—
Non-controlling interest	-4.00M YoY-300.0%	-1.00M	—
Total equity incl. non-controlling	13.1B YoY+34.2%	9.78B YoY+6.3%	9.20B
Total liabilities & equity	24.2B YoY+1.7%	23.8B	—
	567M	—	—
	553M	—	—
	553M	—	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23
	2.21B YoY-3.2%	2.28B YoY+12.1%	2.04B
Depreciation & amortization	758M YoY+3.0%	736M YoY+6.8%	689M
Intangible amortization	142M YoY+2.2%	139M YoY-14.2%	162M
Share-based compensation	14.0M YoY+133.3%	6.00M YoY+20.0%	5.00M
Deferred income taxes	78.0M YoY+322.9%	-35.0M YoY-418.2%	11.0M
Change in receivables	43.0M YoY+120.4%	-211M YoY-354.2%	83.0M
Change in inventory	61.0M YoY-58.2%	146M YoY+1985.7%	7.00M
	-361M YoY+70.1%	-1.21B YoY+40.3%	-2.02B
Capital expenditure	788M YoY+22.7%	642M YoY+1.9%	630M
Free cash flow	1.42B YoY-13.4%	1.64B YoY+16.6%	1.41B
Acquisitions	86.0M YoY-65.5%	249M YoY-84.5%	1.61B
Other investing activities	52.0M YoY+92.6%	27.0M YoY+12.5%	24.0M
	-1.55B YoY-189.6%	-537M YoY-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 YoY+62.5%	-8.00M YoY-214.3%	7.00M
Net change in cash	337M YoY-29.5%	478M YoY-36.8%	756M
Interest paid	411M YoY-17.3%	497M YoY-1.4%	504M
Income taxes paid	369M YoY+22.2%	302M YoY+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×	—	—
	4.0%	—	—
	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.