AMRZ vs. LIN: Amrize vs. Linde Stock Comparison

November 11, 2026

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

Linde (LIN) carries decades of public-market history since June 17, 1992, while Amrize (AMRZ) listed on June 23, 2025 — long-window comparisons have far more historical data on the LIN side.

Company profile comparison for Amrize (AMRZ) and Linde (LIN)
Profile Item	AMRZ	LIN
Name	Amrize Ltd	Linde plc
Country/Region	Switzerland	United Kingdom
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Chemicals
GICS Sub-Industry	Construction Materials	Industrial Gases
Market Capitalization	22.29 billion USD	236.54 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 23, 2025	June 17, 1992
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AMRZ

LIN

GSPC

Amrize (AMRZ) vs. Linde (LIN), 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 Linde (LIN). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
Total Return (1Y)	-12.36%	25.64%
Total Return (3Y, Annualized)	--	11.48%
Total Return (5Y, Annualized)	--	10.50%

Risk Profile

Drawdown History

AMRZ

LIN

GSPC

Amrize (AMRZ) vs. Linde (LIN), 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 Linde (LIN). 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. Linde (LIN) has a non-negative beta of 0.67.

Risk profile metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
Volatility (1Y, Annualized)	37.83%	19.00%
Beta (5Y)	-0.05	0.67
Max Drawdown (5Y)	-44.52%	-22.82%
Avg. Volume (3M)	4.09M	2.05M

Risk-Adjusted Performance

Risk-Return Positioning

AMRZ and LIN 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 Linde (LIN)
Metric	AMRZ	LIN
Sharpe Ratio (1Y)	-0.44	1.12
Sortino Ratio (1Y)	-0.63	1.65

Profitability

ROE (TTM)

Both Amrize (AMRZ) at 9.72% and Linde (LIN) at 17.72% 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%

LIN

Materials industry group

17.72%

Max: 52.88%
Q3: 19.49%
LIN: 17.72%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Linde (LIN) at 19.34% 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%

LIN

Materials industry group

19.34%

Max: 38.66%
LIN: 19.34%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Both Amrize (AMRZ) at 21.16% and Linde (LIN) at 27.97% 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%

LIN

Materials industry group

27.97%

Max: 66.70%
Q3: 28.92%
LIN: 27.97%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
ROE (TTM)	9.72%	17.72%
ROA (TTM)	4.98%	7.17%
Net Margin (TTM)	10.21%	19.34%
Operating Margin (TTM)	21.16%	27.97%
Gross Margin (TTM)	24.84%	47.86%

Growth

Revenue Growth

Both Amrize (AMRZ) at 0.95% and Linde (LIN) at 2.97% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both Amrize (AMRZ) at -7.16% and Linde (LIN) at 7.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
Revenue Growth (YoY)	0.95%	2.97%
Revenue Growth (3Y CAGR)	3.28%	0.62%
EPS Growth (YoY)	-7.16%	7.27%
EPS Growth (3Y CAGR)	2.20%	21.08%

Financial Strength

Current Ratio (MRQ)

Both Amrize (AMRZ) at 1.07 and Linde (LIN) at 0.86 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

LIN

Materials industry group

0.86

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
LIN: 0.86
Min: 0.16

Amrize (AMRZ) vs. Linde (LIN): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Amrize (AMRZ) at 0.55 and Linde (LIN) at 0.65 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

LIN

Materials industry group

0.65

Max: 1.98
Q3: 0.89
LIN: 0.65
Median: 0.47
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
Current Ratio (MRQ)	1.07	0.86
Debt / Equity (MRQ)	0.55	0.65
Net Debt / EBITDA	2.30	1.65

Dividends

Dividend Yield (TTM)

Both Amrize (AMRZ) at 1.03% and Linde (LIN) at 1.21% 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%

LIN

Materials industry group

1.21%

Max: 4.52%
Q3: 1.85%
LIN: 1.21%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. Linde (LIN): 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 Linde (LIN) reports a payout of 41.83%, 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%

LIN

Materials industry group

41.83%

Max: 83.62%
LIN: 41.83%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
Dividend Yield (TTM)	1.03%	1.21%
Dividend Payout Ratio (TTM)	0.00%	41.83%

Valuation

P/E Ratio (TTM)

Amrize (AMRZ) at 18.78 is near its industry’s usual P/E ratio, while Linde (LIN) at 34.21 sits in the richer quartile — LIN needs stronger growth or earnings quality to justify the premium.

AMRZ

Materials industry group

18.78

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

LIN

Materials industry group

34.21

Max: 59.00
LIN: 34.21
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Amrize (AMRZ) vs. Linde (LIN): 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 Linde (LIN) at 6.53 sits in the pricier quartile — LIN 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

LIN

Materials industry group

6.53

Max: 9.62
LIN: 6.53
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Amrize (AMRZ) vs. Linde (LIN): 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 Linde (LIN) at 6.00 carries an above-peer premium to book — LIN 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

LIN

Materials industry group

6.00

Max: 6.59
LIN: 6.00
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and Linde (LIN)
Metric	AMRZ	LIN
P/E Ratio (TTM)	18.78	34.21
P/S Ratio (TTM)	1.82	6.53
P/B Ratio (MRQ)	1.76	6.00
Free Cash Flow Yield (TTM)	4.19%	1.77%