Amrize Ltd

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Total revenue	11.82	11.70	11.68	10.73	8.13
Cost of revenue	8.78	8.63	8.91	8.25	6.31
Gross profit	3.03	3.07	2.77	2.47	1.82
Total operating expenses +	1.13	0.89	0.88	0.77	0.53
Selling, general and administrative	1.13	0.90	0.90	0.75	0.55
Research and development
Other operating expenses	0.00	0.00	-0.02	0.02	-0.02
Operating income	1.91	2.18	1.89	1.70	1.29
Non-operating income (net)	-0.40	-0.34	-0.57	-0.23	-0.16
Income before tax	1.51	1.83	1.32	1.47	1.13
Income tax expense	0.33	0.42	0.36	0.37	0.28
Net income	1.19	1.42	0.96	1.11	0.84

Show Quarterly Income Statement

	Jun-26	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23
Total revenue	3.49	2.18	2.84	3.68	3.22	2.08	2.85	3.45	3.24	2.17	2.91
Cost of revenue	2.50	1.97	2.08	2.59	2.25	1.86	2.07	2.40	2.26	1.89	2.25
Gross profit	0.99	0.21	0.76	1.09	0.97	0.22	0.78	1.04	0.98	0.27	0.66
Total operating expenses +	0.28	0.29	0.28	0.31	0.30	0.24	0.26	0.20	0.23	0.21	0.26
Selling, general and administrative		0.29	0.28	0.31	0.30	0.24	0.28	0.24	0.23	0.21	0.26
Research and development
Other operating expenses	0.28	0.00	0.00	0.00	0.00	-0.01	-0.02	-0.04	0.00	0.00	0.00
Operating income	0.71	-0.08	0.48	0.77	0.67	-0.02	0.52	0.84	0.75	0.06	0.40
Non-operating income (net)	-0.09	-0.06	-0.08	-0.08	-0.12	-0.12	0.07	-0.17	-0.13	-0.12	-0.20
Income before tax	0.62	-0.15	0.40	0.69	0.55	-0.13	0.59	0.68	0.62	-0.06	0.21
Income tax expense	0.15	-0.03	0.10	0.15	0.12	-0.05	0.13	0.15	0.15	-0.01	0.10
Net income	0.48	-0.12	0.30	0.55	0.43	-0.09	0.46	0.53	0.47	-0.04	0.10

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Total cash and short-term investments +	1.92	1.82	1.11	0.35	0.00
Cash and cash equivalents	1.92	1.82	1.11	0.35
Short-term investments
Accounts receivable, net	1.12	1.07	1.40	1.41
Inventories	1.55	1.45	1.31	1.23
Other current assets	0.09	0.14	0.13	0.17
Total current assets	4.68	4.49	3.94	3.16
Total non-current assets +	19.57	19.03	19.11	17.51
Property, plant and equipment, net
Goodwill	9.02	8.92	8.97	8.12
Intangible assets	1.73	1.83	1.88	1.44
Long-term investments
Other non-current assets
Total assets	24.25	23.52	23.05	20.67

Total current liabilities +	2.86	2.43	2.44	2.25
Accounts payable	1.54	1.37	1.25	1.14
Short-term debt	0.47	0.15	0.32	0.52
Current portion of long-term debt	0.33	0.01	0.13	0.35
Deferred revenue
Other current liabilities	0.85	0.90	0.71	0.53
Total non-current liabilities +	8.14	7.78	11.40	10.21
Long-term debt	4.94	4.94	8.64	7.62
Capital lease obligations	1.07	0.85	0.75	0.69
Other non-current liabilities	0.20	0.22	0.24	0.22
Total liabilities	11.00	10.21	13.84	12.46

Total stockholders' equity +	13.25	13.31	9.20	8.21
Common stock and paid-in capital	12.35	13.31	9.20	8.21	0.00
Retained earnings	0.90	0.00
Common shares outstanding	554	553	553	553	553

Show Quarterly Balance Sheet

	Jun-26	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23
Total cash and short-term investments +	0.73	1.10	1.92	0.83	0.60	0.04	1.82	1.45	0.00	1.11	1.11
Cash and cash equivalents	0.73	1.10	1.92	0.83	0.60	0.04	1.82	1.45		1.11	1.11
Short-term investments
Accounts receivable, net	2.06	1.36	1.12	2.05	1.89	1.40	1.07	1.82			1.40
Inventories	1.55	1.57	1.55	1.51	1.64	1.60	1.45	1.47			1.31
Other current assets	0.25	0.26	0.09	0.19	0.19	0.18	0.14	0.16		-1.11	0.13
Total current assets	4.58	4.28	4.68	4.57	4.33	3.22	4.49	4.90			3.94
Total non-current assets +	20.02	19.99	19.57	19.47	19.46	19.08	19.03	19.11			19.11
Property, plant and equipment, net
Goodwill	9.04	9.07	9.02	8.99	9.03	8.93	8.92	8.94			8.97
Intangible assets	1.68	1.70	1.73	1.76	1.80	1.80	1.83	1.77			1.88
Long-term investments				0.05
Other non-current assets
Total assets	24.60	24.27	24.25	24.04	23.78	22.31	23.52	24.01			23.05

Total current liabilities +	4.15	3.05	2.86	3.15	3.14	1.94	2.43	2.03			2.44
Accounts payable	1.35	1.02	1.54	1.32	1.36	1.26	1.29	1.12			1.25
Short-term debt	1.90	1.24	0.47	1.11	1.17	0.23	0.15	0.33			0.32
Current portion of long-term debt		1.11	0.33	0.88	0.94	0.01	0.01	0.12			0.13
Deferred revenue
Other current liabilities	0.91	0.79	0.85	0.72	0.56	0.41	0.98	0.48			0.71
Total non-current liabilities +	7.59	8.13	8.14	7.99	8.21	7.90	7.78	12.17		-9.20	11.40
Long-term debt		4.94	4.94	4.93	5.26	5.04	4.94	9.23			8.64
Capital lease obligations		1.05	1.07	1.08	0.98	0.92	0.85	0.90			0.75
Other non-current liabilities		0.13	0.20	0.17	0.19	0.17	0.22	0.28			0.24
Total liabilities	11.75	11.18	11.00	11.14	11.35	9.84	10.21	14.20		-9.20	13.84

Total stockholders' equity +	12.86	13.09	13.25	12.90	12.43	12.47	13.31	9.81		9.20	9.20
Common stock and paid-in capital	12.86	12.30	12.35	12.30	12.38	12.47	13.31	9.81	0.00	9.20	9.20
Retained earnings		0.79	0.90	0.60	0.06		0.00
Common shares outstanding	554	553	553	554	553	553	553	553	553	553	553

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Operating cash flow +	2.21	2.28	2.04	1.99	1.49
Net income
Depreciation, depletion and amortization	0.91	0.89	0.85	0.79	0.71
Stock-based compensation	0.01	0.01	0.01	0.00	0.00
Change in inventory	-0.06	-0.15	-0.01	-0.30	-0.04
Other working capital changes	1.34	1.53	1.19	1.49	0.82
Cash flow from investing +	-0.36	-1.21	-2.03	-2.52	-2.50
Capital expenditures	-0.79	-0.64	-0.63	-0.49	-0.39
Others incl. marketable securities changes	0.43	-0.57	-1.40	-2.03	-2.10
Cash flow from financing +	-1.56	-0.54	0.73	0.50	1.24
Dividend payout
Common stock repurchases
Net Debt Issuance	-1.56	-0.54	0.73	0.50	1.24

Change in cash	0.29	0.54	0.75	-0.04	0.23

Show Quarterly Cash Flow

	Jun-26	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23
Operating cash flow +	0.42	-0.90	1.80	0.85	0.41	-0.86	1.73	0.62	0.53	-0.60	1.49
Net income
Depreciation, depletion and amortization	0.26	0.24	0.24	0.23	0.22	0.22	0.23	0.23	0.22	0.21	0.23
Stock-based compensation		0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in inventory	-0.06	0.02	-0.04	0.10	-0.01	-0.12	0.02	0.05	-0.04	-0.17	0.08
Other working capital changes	0.22	-1.16	1.59	0.52	0.19	-0.95	1.49	0.35	0.35	-0.65	1.18
Cash flow from investing +	-0.24	-0.66	-0.15	-0.20	0.05	-0.06	-0.35	-0.43	-0.35	-0.08	-0.14
Capital expenditures	-0.25	-0.27	-0.16	-0.19	-0.24	-0.21	-0.08	-0.22	-0.16	-0.18	-0.10
Others incl. marketable securities changes	0.01	-0.39	0.01	-0.02	0.29	0.15	-0.27	-0.20	-0.19	0.10	-0.04
Cash flow from financing +	-0.56	0.74	-0.58	-0.42	-0.46	-0.10	-0.16	-0.14	-0.12	-0.11	-0.32
Dividend payout	-0.30
Common stock repurchases	-0.18	0.00
Net Debt Issuance	-0.07	0.75	-0.58	-0.42	-0.46	-0.10	-0.16	-0.14	-0.12	-0.11	-0.32

Change in cash	-0.37	-0.81	1.08	0.23	-0.01	-1.01	1.21	0.06	0.06	-0.79	1.03