AMRZ vs. PAAS: Amrize vs. Pan American Silver Stock Comparison
How do Amrize (AMRZ) and Pan American Silver (PAAS) 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 Pan American Silver (PAAS) both fall under the Materials industry group, but AMRZ is classified in Construction Materials while PAAS is classified in Metals & Mining.
Pan American Silver (PAAS) carries decades of public-market history since June 12, 1995, while Amrize (AMRZ) listed on June 23, 2025 — long-window comparisons have far more historical data on the PAAS side.
| Profile Item | AMRZ | PAAS |
|---|---|---|
| Name | Amrize Ltd | Pan American Silver 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 | Silver |
| Market Capitalization | 22.29 billion USD | 16.98 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 23, 2025 | June 12, 1995 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| Total Return (1Y) | -12.36% | 22.43% |
| Total Return (3Y, Annualized) | -- | 47.84% |
| Total Return (5Y, Annualized) | -- | 11.59% |
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. Pan American Silver (PAAS) has a non-negative beta of 0.72.
| Metric | AMRZ | PAAS |
|---|---|---|
| Volatility (1Y, Annualized) | 37.83% | 58.13% |
| Beta (5Y) | -0.05 | 0.72 |
| Max Drawdown (5Y) | -44.52% | -57.39% |
| Avg. Volume (3M) | 4.09M | 4.31M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| Sharpe Ratio (1Y) | -0.44 | 0.31 |
| Sortino Ratio (1Y) | -0.63 | 0.45 |
Profitability
ROE (TTM)
Pan American Silver (PAAS) at 22.39% sits in the top ROE quartile, while Amrize (AMRZ) at 9.72% is closer to the peer norm — stronger capital efficiency for PAAS.
AMRZ
Materials industry group
9.72%
- Max
- 52.88%
- Q3
- 19.49%
- AMRZ
- 9.72%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
PAAS
Materials industry group
22.39%
- Max
- 52.88%
- PAAS
- 22.39%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Pan American Silver (PAAS) at 35.16% 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%
PAAS
Materials industry group
35.16%
- Max
- 38.66%
- PAAS
- 35.16%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Pan American Silver (PAAS) at 34.29% 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%
PAAS
Materials industry group
34.29%
- Max
- 66.70%
- PAAS
- 34.29%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| ROE (TTM) | 9.72% | 22.39% |
| ROA (TTM) | 4.98% | 11.27% |
| Net Margin (TTM) | 10.21% | 35.16% |
| Operating Margin (TTM) | 21.16% | 34.29% |
| Gross Margin (TTM) | 24.84% | 55.17% |
Growth
Revenue Growth
Both Amrize (AMRZ) at 0.95% and Pan American Silver (PAAS) at 28.38% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Pan American Silver (PAAS) at 725.81% clears its industry range for EPS growth, a much stronger earnings trajectory than Amrize (AMRZ) at -7.16%, which is closer to a typical peer reading.
Growth Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| Revenue Growth (YoY) | 0.95% | 28.38% |
| Revenue Growth (3Y CAGR) | 3.28% | 34.28% |
| EPS Growth (YoY) | -7.16% | 725.81% |
| EPS Growth (3Y CAGR) | 2.20% | -- |
Financial Strength
Current Ratio (MRQ)
Pan American Silver (PAAS) at 2.72 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
PAAS
Materials industry group
2.72
- Max
- 5.96
- Q3
- 3.30
- PAAS
- 2.72
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
Debt / Equity (MRQ)
Pan American Silver (PAAS) at 0.11 keeps leverage in the lower industry quartile, while Amrize (AMRZ) at 0.55 runs a more typical debt-to-equity mix.
AMRZ
Materials industry group
0.55
- Max
- 1.98
- Q3
- 0.89
- AMRZ
- 0.55
- Median
- 0.47
- Q1
- 0.13
- Min
- 0.00
PAAS
Materials industry group
0.11
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- PAAS
- 0.11
- Min
- 0.00
Financial Strength Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| Current Ratio (MRQ) | 1.07 | 2.72 |
| Debt / Equity (MRQ) | 0.55 | 0.11 |
| Net Debt / EBITDA | 2.30 | -0.39 |
Dividends
Dividend Yield (TTM)
Both Amrize (AMRZ) at 1.03% and Pan American Silver (PAAS) at 1.69% 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%
PAAS
Materials industry group
1.69%
- Max
- 4.52%
- Q3
- 1.85%
- PAAS
- 1.69%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
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 Pan American Silver (PAAS) reports a payout of 18.00%, 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%
PAAS
Materials industry group
18.00%
- Max
- 83.62%
- Q3
- 41.37%
- PAAS
- 18.00%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| Dividend Yield (TTM) | 1.03% | 1.69% |
| Dividend Payout Ratio (TTM) | 0.00% | 18.00% |
Valuation
P/E Ratio (TTM)
Pan American Silver (PAAS) at 10.83 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 PAAS, though growth and earnings durability still matter.
AMRZ
Materials industry group
18.78
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- AMRZ
- 18.78
- Q1
- 11.96
- Min
- 3.93
PAAS
Materials industry group
10.83
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- PAAS
- 10.83
- Min
- 3.93
P/S Ratio (TTM)
On P/S ratio, both Amrize (AMRZ) at 1.82 and Pan American Silver (PAAS) at 3.80 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
AMRZ
Materials industry group
1.82
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- AMRZ
- 1.82
- Q1
- 0.73
- Min
- 0.00
PAAS
Materials industry group
3.80
- Max
- 9.62
- Q3
- 4.34
- PAAS
- 3.80
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both Amrize (AMRZ) at 1.76 and Pan American Silver (PAAS) at 2.29 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
PAAS
Materials industry group
2.29
- Max
- 6.59
- Q3
- 3.55
- PAAS
- 2.29
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | AMRZ | PAAS |
|---|---|---|
| P/E Ratio (TTM) | 18.78 | 10.83 |
| P/S Ratio (TTM) | 1.82 | 3.80 |
| P/B Ratio (MRQ) | 1.76 | 2.29 |
| Free Cash Flow Yield (TTM) | 4.19% | 8.01% |