AMRZ vs. AU: Amrize vs. AngloGold Ashanti Stock Comparison

November 11, 2026

How do Amrize (AMRZ) and AngloGold Ashanti (AU) 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

Amrize (AMRZ) and AngloGold Ashanti (AU) both fall under the Materials industry group, but AMRZ is classified in Construction Materials while AU is classified in Metals & Mining.

AngloGold Ashanti (AU) carries decades of public-market history since August 5, 1998, while Amrize (AMRZ) listed on June 23, 2025 — long-window comparisons have far more historical data on the AU side.

Company profile comparison for Amrize (AMRZ) and AngloGold Ashanti (AU)
Profile Item	AMRZ	AU
Name	Amrize Ltd	AngloGold Ashanti plc
Country/Region	Switzerland	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Metals & Mining
GICS Sub-Industry	Construction Materials	Gold
Market Capitalization	22.29 billion USD	47.04 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 23, 2025	August 5, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AMRZ

GSPC

Amrize (AMRZ) vs. AngloGold Ashanti (AU), 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 Amrize (AMRZ) and AngloGold Ashanti (AU). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amrize (AMRZ) and AngloGold Ashanti (AU). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
Total Return (1Y)	-12.36%	47.97%
Total Return (3Y, Annualized)	--	87.34%
Total Return (5Y, Annualized)	--	42.76%

Risk Profile

Drawdown History

AMRZ

GSPC

Amrize (AMRZ) vs. AngloGold Ashanti (AU), 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 Amrize (AMRZ) and AngloGold Ashanti (AU). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Amrize (AMRZ) reports a negative beta of -0.05, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. AngloGold Ashanti (AU) has a non-negative beta of 0.67.

Risk profile metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
Volatility (1Y, Annualized)	37.83%	60.11%
Beta (5Y)	-0.05	0.67
Max Drawdown (5Y)	-44.52%	-51.75%
Avg. Volume (3M)	4.09M	2.54M

Risk-Adjusted Performance

Risk-Return Positioning

AMRZ and AU 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 Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
Sharpe Ratio (1Y)	-0.44	0.73
Sortino Ratio (1Y)	-0.63	1.07

Profitability

ROE (TTM)

AngloGold Ashanti (AU) at 44.33% sits in the top ROE quartile, while Amrize (AMRZ) at 9.72% is closer to the peer norm — stronger capital efficiency for AU.

AMRZ

Materials industry group

9.72%

Max: 52.88%
Q3: 19.49%
AMRZ: 9.72%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

AU

Materials industry group

44.33%

Max: 52.88%
AU: 44.33%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

AngloGold Ashanti (AU) at 32.64% retains a top-quartile share of revenue as profit, ahead of Amrize (AMRZ) at 10.21%, which keeps about the industry-typical share.

AMRZ

Materials industry group

10.21%

Max: 38.66%
Q3: 15.98%
AMRZ: 10.21%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

AU

Materials industry group

32.64%

Max: 38.66%
AU: 32.64%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

AngloGold Ashanti (AU) at 45.36% operates in the top operating margin quartile, ahead of Amrize (AMRZ) at 21.16%, which runs around its industry’s norm.

AMRZ

Materials industry group

21.16%

Max: 66.70%
Q3: 28.92%
AMRZ: 21.16%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

AU

Materials industry group

45.36%

Max: 66.70%
AU: 45.36%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
ROE (TTM)	9.72%	44.33%
ROA (TTM)	4.98%	24.39%
Net Margin (TTM)	10.21%	32.64%
Operating Margin (TTM)	21.16%	45.36%
Gross Margin (TTM)	24.84%	54.84%

Growth

Revenue Growth

AngloGold Ashanti (AU) at 70.78% sits in the top revenue growth quartile, while Amrize (AMRZ) at 0.95% is closer to the peer norm — faster top-line expansion for AU.

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their Revenue Growth across different time periods.

EPS Growth

AngloGold Ashanti (AU) at 122.32% sits in the top EPS growth quartile, while Amrize (AMRZ) at -7.16% is closer to the peer norm — faster per-share earnings growth for AU.

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
Revenue Growth (YoY)	0.95%	70.78%
Revenue Growth (3Y CAGR)	3.28%	30.02%
EPS Growth (YoY)	-7.16%	122.32%
EPS Growth (3Y CAGR)	2.20%	93.95%

Financial Strength

Current Ratio (MRQ)

AngloGold Ashanti (AU) at 2.55 keeps current ratio within its industry’s typical mid-range, while Amrize (AMRZ) at 1.07 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for AMRZ.

AMRZ

Materials industry group

1.07

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
AMRZ: 1.07
Min: 0.16

AU

Materials industry group

2.55

Max: 5.96
Q3: 3.30
AU: 2.55
Median: 2.24
Q1: 1.45
Min: 0.16

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Amrize (AMRZ) at 0.55 and AngloGold Ashanti (AU) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

AMRZ

Materials industry group

0.55

Max: 1.98
Q3: 0.89
AMRZ: 0.55
Median: 0.47
Q1: 0.13
Min: 0.00

AU

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
AU: 0.16
Q1: 0.13
Min: 0.00

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
Current Ratio (MRQ)	1.07	2.55
Debt / Equity (MRQ)	0.55	0.16
Net Debt / EBITDA	2.30	-0.17

Dividends

Dividend Yield (TTM)

Amrize (AMRZ) at 1.03% pays an industry-typical yield; AngloGold Ashanti (AU) at 4.88% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

AMRZ

Materials industry group

1.03%

Max: 4.52%
Q3: 1.85%
AMRZ: 1.03%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

AU

Materials industry group

4.88%

AU: 4.88%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Amrize (AMRZ) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile AngloGold Ashanti (AU) reports a payout of 58.78%, ranking against industry peers normally.

AMRZ

Materials industry group

0.00%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
AMRZ: 0.00%
Q1: 0.00%
Min: 0.00%

AU

Materials industry group

58.78%

Max: 83.62%
AU: 58.78%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
Dividend Yield (TTM)	1.03%	4.88%
Dividend Payout Ratio (TTM)	0.00%	58.78%

Valuation

P/E Ratio (TTM)

Both Amrize (AMRZ) at 18.78 and AngloGold Ashanti (AU) at 12.09 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AMRZ

Materials industry group

18.78

Max: 59.00
Q3: 32.93
Median: 18.82
AMRZ: 18.78
Q1: 11.96
Min: 3.93

AU

Materials industry group

12.09

Max: 59.00
Q3: 32.93
Median: 18.82
AU: 12.09
Q1: 11.96
Min: 3.93

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Amrize (AMRZ) at 1.82 and AngloGold Ashanti (AU) at 3.91 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

AMRZ

Materials industry group

1.82

Max: 9.62
Q3: 4.34
Median: 1.87
AMRZ: 1.82
Q1: 0.73
Min: 0.00

AU

Materials industry group

3.91

Max: 9.62
Q3: 4.34
AU: 3.91
Median: 1.87
Q1: 0.73
Min: 0.00

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Amrize (AMRZ) at 1.76 is valued about in line with its industry on P/B ratio, while AngloGold Ashanti (AU) at 5.01 carries an above-peer premium to book — AU is pricier on assets.

AMRZ

Materials industry group

1.76

Max: 6.59
Q3: 3.55
Median: 2.08
AMRZ: 1.76
Q1: 1.26
Min: -0.17

AU

Materials industry group

5.01

Max: 6.59
AU: 5.01
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Amrize (AMRZ) vs. AngloGold Ashanti (AU): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and AngloGold Ashanti (AU)
Metric	AMRZ	AU
P/E Ratio (TTM)	18.78	12.09
P/S Ratio (TTM)	1.82	3.91
P/B Ratio (MRQ)	1.76	5.01
Free Cash Flow Yield (TTM)	4.19%	7.61%