AMRZ vs. DOW: Amrize vs. Dow Stock Comparison

November 11, 2026

How do Amrize (AMRZ) and Dow (DOW) 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 Dow (DOW) both fall under the Materials industry group, but AMRZ is classified in Construction Materials while DOW is classified in Chemicals.

Dow (DOW) has been public since March 20, 2019, giving it a longer listed trading history, while Amrize (AMRZ) listed on June 23, 2025 and still has a shorter public-market record.

Company profile comparison for Amrize (AMRZ) and Dow (DOW)
Profile Item	AMRZ	DOW
Name	Amrize Ltd	Dow Inc.
Country/Region	Switzerland	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Chemicals
GICS Sub-Industry	Construction Materials	Commodity Chemicals
Market Capitalization	22.29 billion USD	22.73 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 23, 2025	March 20, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AMRZ

DOW

GSPC

Amrize (AMRZ) vs. Dow (DOW), 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 Dow (DOW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
Total Return (1Y)	-12.36%	46.93%
Total Return (3Y, Annualized)	--	-8.46%
Total Return (5Y, Annualized)	--	-6.94%

Risk Profile

Drawdown History

AMRZ

DOW

GSPC

Amrize (AMRZ) vs. Dow (DOW), 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 Dow (DOW). 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. Dow (DOW) has a non-negative beta of 0.44.

Risk profile metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
Volatility (1Y, Annualized)	37.83%	41.81%
Beta (5Y)	-0.05	0.44
Max Drawdown (5Y)	-44.52%	-64.37%
Avg. Volume (3M)	4.09M	8.52M

Risk-Adjusted Performance

Risk-Return Positioning

AMRZ and DOW 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 Dow (DOW)
Metric	AMRZ	DOW
Sharpe Ratio (1Y)	-0.44	1.02
Sortino Ratio (1Y)	-0.63	1.62

Profitability

ROE (TTM)

Dow (DOW) reports a negative ROE of -3.24%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Amrize (AMRZ) reports 9.72%, ranking against industry peers normally.

AMRZ

Materials industry group

9.72%

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

DOW

Materials industry group

-3.24%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
DOW: -3.24%
Q1: -3.41%
Min: -32.81%

Amrize (AMRZ) vs. Dow (DOW): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Dow (DOW) reports a negative net margin of -2.11%, usually indicating a net loss over the period. Meanwhile Amrize (AMRZ) reports 10.21%, ranking against industry peers normally.

AMRZ

Materials industry group

10.21%

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

DOW

Materials industry group

-2.11%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
DOW: -2.11%
Min: -20.40%

Amrize (AMRZ) vs. Dow (DOW): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Amrize (AMRZ) at 21.16% and Dow (DOW) at 6.78% 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%

DOW

Materials industry group

6.78%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
DOW: 6.78%
Q1: 3.28%
Min: -14.07%

Amrize (AMRZ) vs. Dow (DOW): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
ROE (TTM)	9.72%	-3.24%
ROA (TTM)	4.98%	1.87%
Net Margin (TTM)	10.21%	-2.11%
Operating Margin (TTM)	21.16%	6.78%
Gross Margin (TTM)	24.84%	11.01%

Growth

Revenue Growth

Amrize (AMRZ) at 0.95% is around its peer norm for revenue growth, while Dow (DOW) at -6.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Amrize (AMRZ) vs. Dow (DOW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Amrize (AMRZ) at -7.16% is around its peer norm for EPS growth, while Dow (DOW) at -335.67% falls below its industry range, a notably weak earnings reading.

Amrize (AMRZ) vs. Dow (DOW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
Revenue Growth (YoY)	0.95%	-6.97%
Revenue Growth (3Y CAGR)	3.28%	-11.11%
EPS Growth (YoY)	-7.16%	-335.67%
EPS Growth (3Y CAGR)	2.20%	--

Financial Strength

Current Ratio (MRQ)

Dow (DOW) at 1.76 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

DOW

Materials industry group

1.76

Max: 5.96
Q3: 3.30
Median: 2.24
DOW: 1.76
Q1: 1.45
Min: 0.16

Amrize (AMRZ) vs. Dow (DOW): 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 Dow (DOW) at 1.08 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

DOW

Materials industry group

1.08

Max: 1.98
DOW: 1.08
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
Current Ratio (MRQ)	1.07	1.76
Debt / Equity (MRQ)	0.55	1.08
Net Debt / EBITDA	2.30	3.21

Dividends

Dividend Yield (TTM)

Dow (DOW) at 4.38% delivers top-quartile income for its industry, while Amrize (AMRZ) at 1.03% pays a more typical yield — both are credible income propositions, DOW 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%

DOW

Materials industry group

4.38%

Max: 4.52%
DOW: 4.38%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Dow (DOW): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Dow (DOW) reports payout ratio above 100% at 700.00%, meaning dividends exceeded current-period earnings; Amrize (AMRZ) pays no dividend (payout 0.00%).

AMRZ

Materials industry group

0.00%

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

DOW

Materials industry group

700.00%

DOW: 700.00%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Dow (DOW): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
Dividend Yield (TTM)	1.03%	4.38%
Dividend Payout Ratio (TTM)	0.00%	700.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Amrize (AMRZ) trades at 18.78 times trailing earnings, ranked against its peers, while Dow (DOW) has no P/E ratio this period.

AMRZ

Materials industry group

18.78

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

DOW

Materials industry group

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93
DOW: --

Amrize (AMRZ) vs. Dow (DOW): DOW does not report P/E ratio, so it has no value marker; AMRZ is benchmarked against the Materials industry group.

P/S Ratio (TTM)

Dow (DOW) at 0.53 sits in the cheaper P/S ratio quartile while Amrize (AMRZ) at 1.82 prices around its industry’s middle — DOW costs less per dollar of sales, though read it alongside growth and margins.

AMRZ

Materials industry group

1.82

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

DOW

Materials industry group

0.53

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
DOW: 0.53
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both Amrize (AMRZ) at 1.76 and Dow (DOW) at 1.41 are valued close to their industries’ norm against book — neither stands out from peers.

AMRZ

Materials industry group

1.76

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

DOW

Materials industry group

1.41

Max: 6.59
Q3: 3.55
Median: 2.08
DOW: 1.41
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and Dow (DOW)
Metric	AMRZ	DOW
P/E Ratio (TTM)	18.78	--
P/S Ratio (TTM)	1.82	0.53
P/B Ratio (MRQ)	1.76	1.41
Free Cash Flow Yield (TTM)	4.19%	3.95%