AMRZ vs. AVY: Amrize vs. Avery Dennison Stock Comparison

November 11, 2026

How do Amrize (AMRZ) and Avery Dennison (AVY) 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 Avery Dennison (AVY) both fall under the Materials industry group, but AMRZ is classified in Construction Materials while AVY is classified in Containers & Packaging.

Avery Dennison (AVY) carries decades of public-market history since February 21, 1973, while Amrize (AMRZ) listed on June 23, 2025 — long-window comparisons have far more historical data on the AVY side.

Company profile comparison for Amrize (AMRZ) and Avery Dennison (AVY)
Profile Item	AMRZ	AVY
Name	Amrize Ltd	Avery Dennison Corporation
Country/Region	Switzerland	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Containers & Packaging
GICS Sub-Industry	Construction Materials	Paper & Plastic Packaging Products & Materials
Market Capitalization	22.29 billion USD	14.10 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 23, 2025	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AMRZ

AVY

GSPC

Amrize (AMRZ) vs. Avery Dennison (AVY), 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 Avery Dennison (AVY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amrize (AMRZ) and Avery Dennison (AVY). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
Total Return (1Y)	-12.36%	10.80%
Total Return (3Y, Annualized)	--	3.97%
Total Return (5Y, Annualized)	--	-1.88%

Risk Profile

Drawdown History

AMRZ

AVY

GSPC

Amrize (AMRZ) vs. Avery Dennison (AVY), 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 Avery Dennison (AVY). 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. Avery Dennison (AVY) has a non-negative beta of 0.75.

Risk profile metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
Volatility (1Y, Annualized)	37.83%	24.05%
Beta (5Y)	-0.05	0.75
Max Drawdown (5Y)	-44.52%	-31.73%
Avg. Volume (3M)	4.09M	836.04K

Risk-Adjusted Performance

Risk-Return Positioning

AMRZ and AVY 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 Avery Dennison (AVY)
Metric	AMRZ	AVY
Sharpe Ratio (1Y)	-0.44	0.27
Sortino Ratio (1Y)	-0.63	0.43

Profitability

ROE (TTM)

Avery Dennison (AVY) at 30.80% sits in the top ROE quartile, while Amrize (AMRZ) at 9.72% is closer to the peer norm — stronger capital efficiency for AVY.

AMRZ

Materials industry group

9.72%

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

AVY

Materials industry group

30.80%

Max: 52.88%
AVY: 30.80%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Amrize (AMRZ) at 10.21% and Avery Dennison (AVY) at 7.56% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

AMRZ

Materials industry group

10.21%

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

AVY

Materials industry group

7.56%

Max: 38.66%
Q3: 15.98%
AVY: 7.56%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Amrize (AMRZ) at 21.16% and Avery Dennison (AVY) at 12.10% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AMRZ

Materials industry group

21.16%

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

AVY

Materials industry group

12.10%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
AVY: 12.10%
Q1: 3.28%
Min: -14.07%

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
ROE (TTM)	9.72%	30.80%
ROA (TTM)	4.98%	8.28%
Net Margin (TTM)	10.21%	7.56%
Operating Margin (TTM)	21.16%	12.10%
Gross Margin (TTM)	24.84%	28.83%

Growth

Revenue Growth

Both Amrize (AMRZ) at 0.95% and Avery Dennison (AVY) at 1.14% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Amrize (AMRZ) at -7.16% and Avery Dennison (AVY) at 0.69% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
Revenue Growth (YoY)	0.95%	1.14%
Revenue Growth (3Y CAGR)	3.28%	-0.68%
EPS Growth (YoY)	-7.16%	0.69%
EPS Growth (3Y CAGR)	2.20%	-1.54%

Financial Strength

Current Ratio (MRQ)

Both Amrize (AMRZ) at 1.07 and Avery Dennison (AVY) at 1.16 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

AMRZ

Materials industry group

1.07

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

AVY

Materials industry group

1.16

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
AVY: 1.16
Min: 0.16

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Amrize (AMRZ) at 0.55 carries an industry-typical debt-to-equity mix, while Avery Dennison (AVY) at 1.52 uses more debt funding than most peers.

AMRZ

Materials industry group

0.55

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

AVY

Materials industry group

1.52

Max: 1.98
AVY: 1.52
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
Current Ratio (MRQ)	1.07	1.16
Debt / Equity (MRQ)	0.55	1.52
Net Debt / EBITDA	2.30	2.20

Dividends

Dividend Yield (TTM)

Avery Dennison (AVY) at 2.05% delivers top-quartile income for its industry, while Amrize (AMRZ) at 1.03% pays a more typical yield — both are credible income propositions, AVY the richer one.

AMRZ

Materials industry group

1.03%

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

AVY

Materials industry group

2.05%

Max: 4.52%
AVY: 2.05%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Avery Dennison (AVY): 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 Avery Dennison (AVY) reports a payout of 41.99%, 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%

AVY

Materials industry group

41.99%

Max: 83.62%
AVY: 41.99%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
Dividend Yield (TTM)	1.03%	2.05%
Dividend Payout Ratio (TTM)	0.00%	41.99%

Valuation

P/E Ratio (TTM)

Both Amrize (AMRZ) at 18.78 and Avery Dennison (AVY) at 20.21 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

AVY

Materials industry group

20.21

Max: 59.00
Q3: 32.93
AVY: 20.21
Median: 18.82
Q1: 11.96
Min: 3.93

Amrize (AMRZ) vs. Avery Dennison (AVY): 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 Avery Dennison (AVY) at 1.51 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

AVY

Materials industry group

1.51

Max: 9.62
Q3: 4.34
Median: 1.87
AVY: 1.51
Q1: 0.73
Min: 0.00

Amrize (AMRZ) vs. Avery Dennison (AVY): 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 Avery Dennison (AVY) at 5.91 carries an above-peer premium to book — AVY 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

AVY

Materials industry group

5.91

Max: 6.59
AVY: 5.91
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Amrize (AMRZ) vs. Avery Dennison (AVY): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and Avery Dennison (AVY)
Metric	AMRZ	AVY
P/E Ratio (TTM)	18.78	20.21
P/S Ratio (TTM)	1.82	1.51
P/B Ratio (MRQ)	1.76	5.91
Free Cash Flow Yield (TTM)	4.19%	6.90%