Amrize Ltd (AMRZ) Balance Sheet
AMRZ balance sheet, 2025
December 31, 2025 · U.S. dollars$24.25B assets = $10.99B liabilities + $13.25B equity
Both columns are drawn to the same scale: what AMRZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AMRZ financial health
Descriptive bands, not a rating. Fiscal 2025.
AMRZ balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.67B2022 | $24.25B2025 | +5.5%/yr | |
| Total liabilities | $12.46B2022 | $10.99B2025 | −4.1%/yr | |
| Shareholders’ equity | $8.21B2022 | $13.25B2025 | +17.3%/yr | |
| Cash & short-term investments | $351.0M2022 | $1.92B2025 | +76.3%/yr | |
| Total debt | $8.66B2022 | $5.91B2025 | −12.0%/yr | |
| Net cash (debt) | −$8.31B2022 | −$3.98B2025 | +$4.3B | |
| Working capital | $906.0M2022 | $1.82B2025 | +$918.0M | |
| Book value per share | $14.852022 | $23.942025 | +17.3%/yr | |
| Current ratio | 1.402022 | 1.642025 | +0.24 | |
| Debt / equity | 1.052022 | 0.452025 | −0.61 | |
| Shares outstanding | 552.7M2022 | 553.6M2025 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AMRZ assets
AMRZ liabilities and equity
AMRZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AMRZ balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $1.92B | $1.82B | $1.11B | $351.0M |
| Cash & equivalents | $1.92B | $1.82B | $1.11B | $351.0M |
| Receivables | $1.12B | $1.07B | $1.40B | $1.41B |
| Inventory | $1.55B | $1.45B | $1.31B | $1.23B |
| Other current assets | $88.0M | $144.0M | $127.0M | $168.0M |
| Total current assets | $4.68B | $4.49B | $3.94B | $3.16B |
| Property, plant & equipment (net) | $8.54B | $8.08B | $8.07B | $7.75B |
| Goodwill & intangible assets | $10.75B | $10.75B | $10.85B | $9.56B |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $277.0M | $198.0M | $184.0M | $202.0M |
| Total assets | $24.25B | $23.52B | $23.05B | $20.67B |
| Liabilities | ||||
| Accounts payable | $1.54B | $1.37B | $1.25B | $1.14B |
| Short-term debt | $469.0M | $154.0M | $319.0M | $521.0M |
| Deferred revenue | — | $67.0M | $48.0M | $43.0M |
| Total current liabilities | $2.86B | $2.43B | $2.44B | $2.25B |
| Long-term debt | $4.94B | $4.94B | $8.64B | $7.62B |
| Lease obligations | $1.07B | $847.0M | $752.0M | $689.0M |
| Other long-term liabilities | $3.20B | $2.84B | $2.76B | $2.59B |
| Total liabilities | $10.99B | $10.21B | $13.84B | $12.46B |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $13.25B | $6.0M | — | — |
| Retained earnings (deficit) | $902.0M | $0 | — | — |
| Accumulated other comprehensive income | — | −$604.0M | −$317.0M | −$372.0M |
| Minority interest | −$4.0M | −$1.0M | $0 | $1.0M |
| Total shareholders' equity | $13.25B | $13.31B | $9.20B | $8.21B |
| Key figures | ||||
| Total debt | $5.91B | $5.79B | $9.52B | $8.66B |
| Net cash (debt) | −$3.98B | −$3.96B | −$8.42B | −$8.31B |
| Working capital | $1.82B | $2.06B | $1.50B | $906.0M |
| Tangible book value | $2.51B | $2.56B | −$1.65B | −$1.35B |
| Book value per share | $23.94 | $24.05 | $16.65 | $14.85 |
| Shares outstanding | 553.6M | 553.3M | 552.7M | 552.7M |
| Current ratio | 1.64 | 1.85 | 1.61 | 1.40 |
| Quick ratio | 1.06 | 1.19 | 1.03 | 0.78 |
| Debt / equity | 0.45 | 0.43 | 1.03 | 1.05 |
| Equity / assets | 54.7% | 56.6% | 39.9% | 39.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $729.0M | $1.10B | $1.92B | $826.0M | $601.0M | $40.0M | $1.82B | $1.45B | $1.11B |
| Cash & equivalents | $729.0M | $1.10B | $1.92B | $826.0M | $601.0M | $40.0M | $1.82B | $1.45B | $1.11B |
| Receivables | $2.06B | $1.36B | $1.12B | $2.05B | $1.89B | $1.40B | $1.07B | $1.82B | $1.40B |
| Inventory | $1.55B | $1.57B | $1.55B | $1.51B | $1.64B | $1.60B | $1.45B | $1.47B | $1.31B |
| Other current assets | $245.0M | $260.0M | $88.0M | $186.0M | $192.0M | $183.0M | $144.0M | $162.0M | $127.0M |
| Total current assets | $4.58B | $4.28B | $4.68B | $4.57B | $4.33B | $3.22B | $4.49B | $4.90B | $3.94B |
| Property, plant & equipment (net) | $9.05B | $8.97B | $8.54B | $8.45B | $8.39B | $8.14B | $8.08B | $8.21B | $8.07B |
| Goodwill & intangible assets | $10.73B | $10.77B | $10.75B | $10.76B | $10.83B | $10.73B | $10.75B | $10.71B | $10.85B |
| Long-term investments | $0 | $0 | $0 | $50.0M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $238.0M | $242.0M | $277.0M | $207.0M | $242.0M | $209.0M | $198.0M | $193.0M | $184.0M |
| Total assets | $24.60B | $24.27B | $24.25B | $24.04B | $23.78B | $22.31B | $23.52B | $24.01B | $23.05B |
| Liabilities | |||||||||
| Accounts payable | $1.35B | $1.02B | $1.54B | $1.32B | $1.35B | $1.26B | $1.29B | $1.12B | $1.25B |
| Short-term debt | $1.90B | $1.24B | $469.0M | $1.11B | $1.17B | $228.0M | $154.0M | $327.0M | $319.0M |
| Deferred revenue | — | — | — | — | $38.0M | $43.0M | — | $36.0M | $48.0M |
| Total current liabilities | $4.15B | $3.05B | $2.86B | $3.15B | $3.14B | $1.94B | $2.43B | $2.03B | $2.44B |
| Long-term debt | $4.24B | $4.94B | $4.94B | $4.93B | $5.26B | $5.04B | $4.94B | $9.23B | $8.64B |
| Lease obligations | $1.15B | $1.05B | $1.07B | $1.08B | $975.0M | $917.0M | $847.0M | $904.0M | $752.0M |
| Other long-term liabilities | $3.36B | $3.19B | $3.20B | $3.05B | $2.94B | $2.87B | $2.84B | $2.94B | $2.76B |
| Total liabilities | $11.74B | $11.18B | $10.99B | $11.14B | $11.35B | $9.84B | $10.21B | $14.20B | $13.84B |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | — | — | $13.25B | $6.0M | $6.0M | $6.0M | $6.0M | — | — |
| Retained earnings (deficit) | $997.0M | $785.0M | $902.0M | $601.0M | $59.0M | — | $0 | — | — |
| Accumulated other comprehensive income | — | — | — | −$440.0M | −$361.0M | −$589.0M | −$604.0M | −$399.0M | −$317.0M |
| Minority interest | −$8.0M | −$6.0M | −$4.0M | −$3.0M | −$1.0M | — | — | — | — |
| Total shareholders' equity | $12.86B | $13.09B | $13.25B | $12.90B | $12.43B | $12.47B | $13.31B | $9.81B | $9.20B |
| Key figures | |||||||||
| Total debt | $6.63B | $6.67B | $5.91B | $6.89B | $7.17B | $5.96B | $5.79B | $10.25B | $9.52B |
| Net cash (debt) | −$5.90B | −$5.57B | −$3.98B | −$6.06B | −$6.57B | −$5.92B | −$3.96B | −$8.80B | −$8.42B |
| Working capital | $430.0M | $1.23B | $1.82B | $1.42B | $1.18B | $1.29B | $2.06B | $2.87B | $1.50B |
| Tangible book value | $2.13B | $2.31B | $2.51B | $2.14B | $1.61B | $1.74B | $2.56B | −$898.0M | −$1.65B |
| Book value per share | $23.23 | $23.66 | $23.96 | $23.29 | $22.48 | $22.56 | $24.05 | $17.74 | $16.65 |
| Shares outstanding | 553.6M | 553.2M | 553.1M | 553.9M | 553.1M | 552.7M | 553.3M | 553.0M | 552.7M |
| Current ratio | 1.10 | 1.40 | 1.64 | 1.45 | 1.38 | 1.67 | 1.85 | 2.42 | 1.61 |
| Quick ratio | 0.67 | 0.80 | 1.06 | 0.91 | 0.79 | 0.74 | 1.19 | 1.61 | 1.03 |
| Debt / equity | 0.52 | 0.51 | 0.45 | 0.53 | 0.58 | 0.48 | 0.43 | 1.04 | 1.03 |
| Equity / assets | 52.3% | 53.9% | 54.7% | 53.7% | 52.3% | 55.9% | 56.6% | 40.9% | 39.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
AMRZ financial position
At the end of fiscal 2025 (December 31, 2025), Amrize had total assets of $24.2 billion (up 3.1% from a year earlier), total liabilities of $11.0 billion and shareholders' equity of $13.3 billion. It held $1.9 billion in cash and short-term investments against $5.9 billion of debt, net debt of $4.0 billion. Its current ratio was 1.64. In the latest quarter (ended June 30, 2026) total assets were $24.6 billion and equity $12.9 billion.
Related: AMRZ income statement, AMRZ cash flow statement, AMRZ key metrics. See the AMRZ stock overview for the latest quote and news.
AMRZ balance sheet FAQ
What are Amrize's total assets?
Amrize reported total assets of $24.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $23.5 billion a year earlier.
How much debt does Amrize have?
Amrize had $5.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.45.
How much cash does Amrize have?
Amrize held $1.9 billion in cash and short-term investments at the end of fiscal 2025; with $5.9 billion of debt that is net debt of $4.0 billion.
What is Amrize's book value?
Amrize's shareholders' equity (book value) was $13.3 billion at the end of fiscal 2025, or $23.94 per share.
What is Amrize's current ratio?
Amrize had current assets of $4.7 billion and current liabilities of $2.9 billion, a current ratio of 1.64 (it can cover its short-term obligations).
How much goodwill does Amrize have?
Amrize carried $10.7 billion of goodwill and intangible assets, 44.3% of total assets, at the end of fiscal 2025.