AMRZ vs. HMY: Amrize vs. Harmony Gold Mining Stock Comparison

Company Profile

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

Harmony Gold Mining (HMY) carries decades of public-market history since May 17, 1994, while Amrize (AMRZ) listed on June 23, 2025 — long-window comparisons have far more historical data on the HMY side.

Amrize (AMRZ) 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.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

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. Harmony Gold Mining (HMY) has a non-negative beta of 1.08.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Harmony Gold Mining (HMY) at 48.05% sits in the top ROE quartile, while Amrize (AMRZ) at 9.72% is closer to the peer norm — stronger capital efficiency for HMY.

Harmony Gold Mining (HMY) at 29.57% retains a top-quartile share of revenue as profit, ahead of Amrize (AMRZ) at 10.21%, which keeps about the industry-typical share.

Harmony Gold Mining (HMY) at 47.18% operates in the top operating margin quartile, ahead of Amrize (AMRZ) at 21.16%, which runs around its industry’s norm.

Profitability Metrics

Growth

Only one side can be read here: Amrize (AMRZ) reports revenue growth of 0.95%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.

Only one side can be read here: Amrize (AMRZ) reports EPS growth of -7.16%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Both Amrize (AMRZ) at 1.07 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.

Harmony Gold Mining (HMY) at 0.13 keeps leverage in the lower industry quartile, while Amrize (AMRZ) at 0.55 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Amrize (AMRZ) at 1.03% pays an industry-typical yield; Harmony Gold Mining (HMY) at 75.74% 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.

Amrize (AMRZ) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Harmony Gold Mining (HMY) reports a payout of 15.28%, ranking against industry peers normally.

Dividend Metrics

Valuation

Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Amrize (AMRZ) at 18.78 is closer to its industry’s usual earnings multiple — a discount for HMY, though growth and earnings durability still matter.

Harmony Gold Mining (HMY) at 0.11 sits in the cheaper P/S ratio quartile while Amrize (AMRZ) at 1.82 prices around its industry’s middle — HMY costs less per dollar of sales, though read it alongside growth and margins.

On P/B ratio, both Amrize (AMRZ) at 1.76 and Harmony Gold Mining (HMY) at 2.34 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics