AMCR vs. HMY: Amcor vs. Harmony Gold Mining Stock Comparison

November 11, 2026

How do Amcor (AMCR) and Harmony Gold Mining (HMY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Amcor (AMCR) and Harmony Gold Mining (HMY) both fall under the Materials industry group, but AMCR is classified in Containers & Packaging while HMY is classified in Metals & Mining.

Amcor (AMCR) trades as ordinary local shares, while Harmony Gold Mining (HMY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Amcor (AMCR) and Harmony Gold Mining (HMY)
Profile Item	AMCR	HMY
Name	Amcor plc	Harmony Gold Mining Company Limited - Depositary Receipt (Common Stock)
Country/Region	Switzerland	South Africa
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Containers & Packaging	Metals & Mining
GICS Sub-Industry	Paper & Plastic Packaging Products & Materials	Gold
Market Capitalization	20.72 billion USD	10.77 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 15, 2012	May 17, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

AMCR

HMY

GSPC

Amcor (AMCR) vs. Harmony Gold Mining (HMY), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Amcor (AMCR) and Harmony Gold Mining (HMY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amcor (AMCR) and Harmony Gold Mining (HMY). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
Total Return (1Y)	16.09%	10.98%
Total Return (3Y, Annualized)	6.29%	60.07%
Total Return (5Y, Annualized)	-0.90%	39.44%

Risk Profile

Drawdown History

AMCR

HMY

GSPC

Amcor (AMCR) vs. Harmony Gold Mining (HMY), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Amcor (AMCR) and Harmony Gold Mining (HMY). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
Volatility (1Y, Annualized)	32.40%	63.56%
Beta (5Y)	0.56	1.08
Max Drawdown (5Y)	-34.22%	-62.48%
Avg. Volume (3M)	3.53M	3.68M

Risk-Adjusted Performance

Risk-Return Positioning

AMCR and HMY are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
Sharpe Ratio (1Y)	0.36	0.11
Sortino Ratio (1Y)	0.56	0.15

Profitability

ROE (TTM)

Harmony Gold Mining (HMY) at 48.05% sits in the top ROE quartile, while Amcor (AMCR) at 9.25% is closer to the peer norm — stronger capital efficiency for HMY.

AMCR

Materials industry group

9.25%

Max: 52.88%
Q3: 19.49%
AMCR: 9.25%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

HMY

Materials industry group

48.05%

Max: 52.88%
HMY: 48.05%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Harmony Gold Mining (HMY) at 29.57% retains a top-quartile share of revenue as profit, ahead of Amcor (AMCR) at 4.55%, which keeps about the industry-typical share.

AMCR

Materials industry group

4.55%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
AMCR: 4.55%
Q1: 0.00%
Min: -20.40%

HMY

Materials industry group

29.57%

Max: 38.66%
HMY: 29.57%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Harmony Gold Mining (HMY) at 47.18% operates in the top operating margin quartile, ahead of Amcor (AMCR) at 8.04%, which runs around its industry’s norm.

AMCR

Materials industry group

8.04%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
AMCR: 8.04%
Q1: 3.28%
Min: -14.07%

HMY

Materials industry group

47.18%

Max: 66.70%
HMY: 47.18%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
ROE (TTM)	9.25%	48.05%
ROA (TTM)	3.51%	25.06%
Net Margin (TTM)	4.55%	29.57%
Operating Margin (TTM)	8.04%	47.18%
Gross Margin (TTM)	19.78%	49.62%

Growth

Revenue Growth

Only one side can be read here: Amcor (AMCR) reports revenue growth of 56.61%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Amcor (AMCR) reports EPS growth of 48.75%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
Revenue Growth (YoY)	56.61%	--
Revenue Growth (3Y CAGR)	16.95%	26.28%
EPS Growth (YoY)	48.75%	--
EPS Growth (3Y CAGR)	-12.27%	81.32%

Financial Strength

Current Ratio (MRQ)

Both Amcor (AMCR) at 1.40 and Harmony Gold Mining (HMY) at 0.84 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

AMCR

Materials industry group

1.40

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
AMCR: 1.40
Min: 0.16

HMY

Materials industry group

0.84

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
HMY: 0.84
Min: 0.16

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Harmony Gold Mining (HMY) at 0.13 keeps leverage in the lower quartile, while Amcor (AMCR) at 1.34 sits in the higher-leverage quartile.

AMCR

Materials industry group

1.34

Max: 1.98
AMCR: 1.34
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

HMY

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
HMY: 0.13
Min: 0.00

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
Current Ratio (MRQ)	1.40	0.84
Debt / Equity (MRQ)	1.34	0.13
Net Debt / EBITDA	4.28	0.02

Dividends

Dividend Yield (TTM)

Both Amcor (AMCR) at 5.69% and Harmony Gold Mining (HMY) at 75.74% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

AMCR

Materials industry group

5.69%

AMCR: 5.69%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

HMY

Materials industry group

75.74%

HMY: 75.74%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Amcor (AMCR) reports payout ratio above 100% at 111.59%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Harmony Gold Mining (HMY) reports 15.28%, ranking against industry peers normally.

AMCR

Materials industry group

111.59%

AMCR: 111.59%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

HMY

Materials industry group

15.28%

Max: 83.62%
Q3: 41.37%
HMY: 15.28%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
Dividend Yield (TTM)	5.69%	75.74%
Dividend Payout Ratio (TTM)	111.59%	15.28%

Valuation

P/E Ratio (TTM)

Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Amcor (AMCR) at 19.26 is closer to its industry’s usual earnings multiple — a discount for HMY, though growth and earnings durability still matter.

AMCR

Materials industry group

19.26

Max: 59.00
Q3: 32.93
AMCR: 19.26
Median: 18.82
Q1: 11.96
Min: 3.93

HMY

Materials industry group

6.27

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
HMY: 6.27
Min: 3.93

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Harmony Gold Mining (HMY) at 0.11 sits in the cheaper P/S ratio quartile while Amcor (AMCR) at 0.87 prices around its industry’s middle — HMY costs less per dollar of sales, though read it alongside growth and margins.

AMCR

Materials industry group

0.87

Max: 9.62
Q3: 4.34
Median: 1.87
AMCR: 0.87
Q1: 0.73
Min: 0.00

HMY

Materials industry group

0.11

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
HMY: 0.11
Min: 0.00

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Amcor (AMCR) at 1.77 and Harmony Gold Mining (HMY) at 2.34 are valued close to their industries’ norm against book — neither stands out from peers.

AMCR

Materials industry group

1.77

Max: 6.59
Q3: 3.55
Median: 2.08
AMCR: 1.77
Q1: 1.26
Min: -0.17

HMY

Materials industry group

2.34

Max: 6.59
Q3: 3.55
HMY: 2.34
Median: 2.08
Q1: 1.26
Min: -0.17

Amcor (AMCR) vs. Harmony Gold Mining (HMY): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Amcor (AMCR) and Harmony Gold Mining (HMY)
Metric	AMCR	HMY
P/E Ratio (TTM)	19.26	6.27
P/S Ratio (TTM)	0.87	0.11
P/B Ratio (MRQ)	1.77	2.34
Free Cash Flow Yield (TTM)	4.33%	91.49%