AMRZ vs. EQX: Amrize vs. Equinox Gold Stock Comparison

November 11, 2026

How do Amrize (AMRZ) and Equinox Gold (EQX) 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 Equinox Gold (EQX) both fall under the Materials industry group, but AMRZ is classified in Construction Materials while EQX is classified in Metals & Mining.

Equinox Gold (EQX) has been public since January 2, 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 Equinox Gold (EQX)
Profile Item	AMRZ	EQX
Name	Amrize Ltd	Equinox Gold Corp.
Country/Region	Switzerland	Canada
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	13.45 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE American
Listing Date	June 23, 2025	January 2, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AMRZ

EQX

GSPC

Amrize (AMRZ) vs. Equinox Gold (EQX), 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 Equinox Gold (EQX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
Total Return (1Y)	-12.36%	1.87%
Total Return (3Y, Annualized)	--	37.49%
Total Return (5Y, Annualized)	--	8.54%

Risk Profile

Drawdown History

AMRZ

EQX

GSPC

Amrize (AMRZ) vs. Equinox Gold (EQX), 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 Equinox Gold (EQX). 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. Equinox Gold (EQX) has a non-negative beta of 1.25.

Risk profile metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
Volatility (1Y, Annualized)	37.83%	63.25%
Beta (5Y)	-0.05	1.25
Max Drawdown (5Y)	-44.52%	-71.57%
Avg. Volume (3M)	4.09M	12.60M

Risk-Adjusted Performance

Risk-Return Positioning

AMRZ and EQX 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 Equinox Gold (EQX)
Metric	AMRZ	EQX
Sharpe Ratio (1Y)	-0.44	-0.04
Sortino Ratio (1Y)	-0.63	-0.06

Profitability

ROE (TTM)

Both Amrize (AMRZ) at 9.72% and Equinox Gold (EQX) at 8.47% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

AMRZ

Materials industry group

9.72%

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

EQX

Materials industry group

8.47%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
EQX: 8.47%
Q1: -3.41%
Min: -32.81%

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Equinox Gold (EQX) at 28.09% 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%

EQX

Materials industry group

28.09%

Max: 38.66%
EQX: 28.09%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Equinox Gold (EQX) at 32.14% 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%

EQX

Materials industry group

32.14%

Max: 66.70%
EQX: 32.14%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
ROE (TTM)	9.72%	8.47%
ROA (TTM)	4.98%	6.74%
Net Margin (TTM)	10.21%	28.09%
Operating Margin (TTM)	21.16%	32.14%
Gross Margin (TTM)	24.84%	57.60%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than Amrize (AMRZ) at 0.95%, which is closer to a typical peer reading.

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Amrize (AMRZ) at -7.16% and Equinox Gold (EQX) at -53.33% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
Revenue Growth (YoY)	0.95%	99.07%
Revenue Growth (3Y CAGR)	3.28%	24.04%
EPS Growth (YoY)	-7.16%	-53.33%
EPS Growth (3Y CAGR)	2.20%	--

Financial Strength

Current Ratio (MRQ)

Both Amrize (AMRZ) at 1.07 and Equinox Gold (EQX) at 1.33 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

EQX

Materials industry group

1.33

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
EQX: 1.33
Min: 0.16

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Amrize (AMRZ) at 0.55 and Equinox Gold (EQX) at 0.13 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

EQX

Materials industry group

0.13

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

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

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
Current Ratio (MRQ)	1.07	1.33
Debt / Equity (MRQ)	0.55	0.13
Net Debt / EBITDA	2.30	0.21

Dividends

Dividend Yield (TTM)

Both Amrize (AMRZ) at 1.03% and Equinox Gold (EQX) at 0.27% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AMRZ

Materials industry group

1.03%

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

EQX

Materials industry group

0.27%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
EQX: 0.27%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Equinox Gold (EQX): 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 Equinox Gold (EQX) reports a payout of 6.25%, 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%

EQX

Materials industry group

6.25%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
EQX: 6.25%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
Dividend Yield (TTM)	1.03%	0.27%
Dividend Payout Ratio (TTM)	0.00%	6.25%

Valuation

P/E Ratio (TTM)

Both Amrize (AMRZ) at 18.78 and Equinox Gold (EQX) at 24.00 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

EQX

Materials industry group

24.00

Max: 59.00
Q3: 32.93
EQX: 24.00
Median: 18.82
Q1: 11.96
Min: 3.93

Amrize (AMRZ) vs. Equinox Gold (EQX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Amrize (AMRZ) at 1.82 is priced about in line with its industry on P/S ratio, while Equinox Gold (EQX) at 4.64 sits in the pricier quartile — EQX costs more per dollar of sales.

AMRZ

Materials industry group

1.82

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

EQX

Materials industry group

4.64

Max: 9.62
EQX: 4.64
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Amrize (AMRZ) vs. Equinox Gold (EQX): 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 Equinox Gold (EQX) at 1.43 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

EQX

Materials industry group

1.43

Max: 6.59
Q3: 3.55
Median: 2.08
EQX: 1.43
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and Equinox Gold (EQX)
Metric	AMRZ	EQX
P/E Ratio (TTM)	18.78	24.00
P/S Ratio (TTM)	1.82	4.64
P/B Ratio (MRQ)	1.76	1.43
Free Cash Flow Yield (TTM)	4.19%	2.15%