AMRZ vs. MT: Amrize vs. ArcelorMittal Stock Comparison

November 11, 2026

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

ArcelorMittal (MT) carries decades of public-market history since August 7, 1997, while Amrize (AMRZ) listed on June 23, 2025 — long-window comparisons have far more historical data on the MT side.

Amrize (AMRZ) trades as ordinary local shares, while ArcelorMittal (MT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Amrize (AMRZ) and ArcelorMittal (MT)
Profile Item	AMRZ	MT
Name	Amrize Ltd	ArcelorMittal NY Registry Shares
Country/Region	Switzerland	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Metals & Mining
GICS Sub-Industry	Construction Materials	Steel
Market Capitalization	22.29 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 23, 2025	August 7, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

AMRZ

GSPC

Amrize (AMRZ) vs. ArcelorMittal (MT), 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

Loading price history…

Trailing total returns for Amrize (AMRZ) and ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
Total Return (1Y)	-12.36%	65.49%
Total Return (3Y, Annualized)	--	45.03%
Total Return (5Y, Annualized)	--	16.55%

Risk Profile

Drawdown History

AMRZ

GSPC

Amrize (AMRZ) vs. ArcelorMittal (MT), 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

Loading price history…

Distribution of monthly total returns for Amrize (AMRZ) and ArcelorMittal (MT). 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. ArcelorMittal (MT) has a non-negative beta of 1.49.

Risk profile metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
Volatility (1Y, Annualized)	37.83%	44.08%
Beta (5Y)	-0.05	1.49
Max Drawdown (5Y)	-44.52%	-45.99%
Avg. Volume (3M)	4.09M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

AMRZ and MT 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 ArcelorMittal (MT)
Metric	AMRZ	MT
Sharpe Ratio (1Y)	-0.44	1.39
Sortino Ratio (1Y)	-0.63	2.23

Profitability

ROE (TTM)

Both Amrize (AMRZ) at 9.72% and ArcelorMittal (MT) at 1.83% 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%

MT

Materials industry group

1.83%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MT: 1.83%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Both Amrize (AMRZ) at 10.21% and ArcelorMittal (MT) at 1.64% 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%

MT

Materials industry group

1.64%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
MT: 1.64%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Both Amrize (AMRZ) at 21.16% and ArcelorMittal (MT) at 6.16% 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%

MT

Materials industry group

6.16%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
MT: 6.16%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
ROE (TTM)	9.72%	1.83%
ROA (TTM)	4.98%	1.31%
Net Margin (TTM)	10.21%	1.64%
Operating Margin (TTM)	21.16%	6.16%
Gross Margin (TTM)	24.84%	8.16%

Growth

Revenue Growth

Amrize (AMRZ) at 0.95% is around its peer norm for revenue growth, while ArcelorMittal (MT) at -1.74% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

ArcelorMittal (MT) at 143.20% sits in the top EPS growth quartile, while Amrize (AMRZ) at -7.16% is closer to the peer norm — faster per-share earnings growth for MT.

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

Growth Metrics

Growth metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
Revenue Growth (YoY)	0.95%	-1.74%
Revenue Growth (3Y CAGR)	3.28%	-8.41%
EPS Growth (YoY)	-7.16%	143.20%
EPS Growth (3Y CAGR)	2.20%	-26.09%

Financial Strength

Current Ratio (MRQ)

Both Amrize (AMRZ) at 1.07 and ArcelorMittal (MT) at 1.41 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

MT

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
MT: 1.41
Min: 0.16

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

Debt / Equity (MRQ)

Both Amrize (AMRZ) at 0.55 and ArcelorMittal (MT) at 0.24 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

MT

Materials industry group

0.24

Max: 1.98
Q3: 0.89
Median: 0.47
MT: 0.24
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
Current Ratio (MRQ)	1.07	1.41
Debt / Equity (MRQ)	0.55	0.24
Net Debt / EBITDA	2.30	2.08

Dividends

Dividend Yield (TTM)

Both Amrize (AMRZ) at 1.03% and ArcelorMittal (MT) at 0.99% 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%

MT

Materials industry group

0.99%

Max: 4.52%
Q3: 1.85%
MT: 0.99%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Amrize (AMRZ) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT) reports a payout of 52.92%, 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%

MT

Materials industry group

52.92%

Max: 83.62%
MT: 52.92%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
Dividend Yield (TTM)	1.03%	0.99%
Dividend Payout Ratio (TTM)	0.00%	52.92%

Valuation

P/E Ratio (TTM)

Amrize (AMRZ) at 18.78 is near its industry’s usual P/E ratio, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — MT 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

MT

Materials industry group

44.51

Max: 59.00
MT: 44.51
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 sits in the cheaper P/S ratio quartile while Amrize (AMRZ) at 1.82 prices around its industry’s middle — MT 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

MT

Materials industry group

0.72

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
MT: 0.72
Min: 0.00

Amrize (AMRZ) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT) at 1.70 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

MT

Materials industry group

1.70

Max: 6.59
Q3: 3.55
Median: 2.08
MT: 1.70
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and ArcelorMittal (MT)
Metric	AMRZ	MT
P/E Ratio (TTM)	18.78	44.51
P/S Ratio (TTM)	1.82	0.72
P/B Ratio (MRQ)	1.76	1.70
Free Cash Flow Yield (TTM)	4.19%	-1.75%