Filing Flows › Amrize (AMRZ) › Q4 2025
Amrize (AMRZ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Amrize (AMRZ) reported revenue of $2.8B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and -24% from the quarter before. Operating margin was 16.7%, net earnings $320M (11.4% of revenue).
Amrize, Q4 2025: revenue $2.8B (-1% year over year), operating margin 16.7%, net earnings $320M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -24% | -1% |
| Gross profit | $764M | -30% | -2% |
| Operating profit | $471M | -40% | -12% |
| Net earnings | $320M | -41% | +10% |
| Operating cash flow | $1.8B | +109% | +4% |
| Free cash flow | $1.6B | +145% | -0.2% |
What changed
Revenue was $2.8B in Q4 2025, down 1% year over year and down 24% from the previous quarter.
Gross margin was 27.1%, down 0.2 points from a year earlier. Operating profit was $0.47B, a 16.7% margin (down 2.1 points year over year). Operating expenses grew 22% against a revenue fall of 1%. Net earnings were $0.32B, up 10% year over year. The effective tax rate was 23.3%.
Operating cash flow was $1.8B (up 4% year over year), 544% of net income including minority interests. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.15B left free cash flow of $1.6B.
Questions
What was Amrize's revenue in the fourth quarter 2025?
Amrize (AMRZ) reported revenue of $2.8B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and -24% from the quarter before.
Was Amrize profitable in the fourth quarter 2025?
Operating profit was $471M (16.7% of revenue) and net earnings $320M.
Source: Amrize 10-K on SEC EDGAR.