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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.

Company profile comparison for Amrize (AMRZ) and Pan American Silver (PAAS)
Profile ItemAMRZPAAS
NameAmrize LtdPan American Silver Corp.
Country/RegionSwitzerlandCanada
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryConstruction MaterialsMetals & Mining
GICS Sub-IndustryConstruction MaterialsSilver
Market Capitalization22.29 billion USD16.98 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 23, 2025June 12, 1995
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AMRZ
PAAS
GSPC
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Amrize (AMRZ) vs. Pan American Silver (PAAS), 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 Pan American Silver (PAAS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amrize (AMRZ) and Pan American Silver (PAAS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
Total Return (1Y)-12.36%22.43%
Total Return (3Y, Annualized)--47.84%
Total Return (5Y, Annualized)--11.59%

Risk Profile

Drawdown History

AMRZ
PAAS
GSPC
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Amrize (AMRZ) vs. Pan American Silver (PAAS), 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 Pan American Silver (PAAS). 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. Pan American Silver (PAAS) has a non-negative beta of 0.72.

Risk profile metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
Volatility (1Y, Annualized)37.83%58.13%
Beta (5Y)-0.050.72
Max Drawdown (5Y)-44.52%-57.39%
Avg. Volume (3M)4.09M4.31M

Risk-Adjusted Performance

Risk-Return Positioning

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AMRZ and PAAS 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 Pan American Silver (PAAS)
MetricAMRZPAAS
Sharpe Ratio (1Y)-0.440.31
Sortino Ratio (1Y)-0.630.45

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%
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their ROE against the Materials industry group benchmark.

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%
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their net margin against the Materials industry group benchmark.

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%
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
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.

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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their Revenue Growth across different time periods.

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.

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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
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
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their current ratio against the Materials industry group benchmark.

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
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
Current Ratio (MRQ)1.072.72
Debt / Equity (MRQ)0.550.11
Net Debt / EBITDA2.30-0.39

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%
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Amrize (AMRZ) vs. Pan American Silver (PAAS): 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 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%
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
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
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their P/E ratio against the Materials industry group benchmark.

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
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Amrize (AMRZ) vs. Pan American Silver (PAAS): 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 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
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Amrize (AMRZ) vs. Pan American Silver (PAAS): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Amrize (AMRZ) and Pan American Silver (PAAS)
MetricAMRZPAAS
P/E Ratio (TTM)18.7810.83
P/S Ratio (TTM)1.823.80
P/B Ratio (MRQ)1.762.29
Free Cash Flow Yield (TTM)4.19%8.01%