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Side-by-side financial comparison of Amrize Ltd (AMRZ) and Principal Financial Group (PFG). Click either name above to swap in a different company.

Amrize Ltd is the larger business by last-quarter revenue ($3.7B vs $750.8M, roughly 4.9× Principal Financial Group). Amrize Ltd runs the higher net margin — 14.8% vs 0.3%, a 14.6% gap on every dollar of revenue. On growth, Amrize Ltd posted the faster year-over-year revenue change (6.6% vs 4.0%).

Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. The Holcim brand remained active within the group when the merger was completed.

Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.

AMRZ vs PFG — Head-to-Head

Bigger by revenue
AMRZ
AMRZ
4.9× larger
AMRZ
$3.7B
$750.8M
PFG
Growing faster (revenue YoY)
AMRZ
AMRZ
+2.6% gap
AMRZ
6.6%
4.0%
PFG
Higher net margin
AMRZ
AMRZ
14.6% more per $
AMRZ
14.8%
0.3%
PFG

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AMRZ
AMRZ
PFG
PFG
Revenue
$3.7B
$750.8M
Net Profit
$545.0M
$1.9M
Gross Margin
29.6%
Operating Margin
21.2%
Net Margin
14.8%
0.3%
Revenue YoY
6.6%
4.0%
Net Profit YoY
-1.4%
783.0%
EPS (diluted)
$0.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMRZ
AMRZ
PFG
PFG
Q1 26
$750.8M
Q4 25
$4.6B
Q3 25
$3.7B
$3.7B
Q2 25
$3.2B
$3.7B
Q1 25
$3.7B
Q4 24
$4.8B
Q3 24
$3.4B
$3.0B
Q2 24
$3.2B
$4.3B
Net Profit
AMRZ
AMRZ
PFG
PFG
Q1 26
$1.9M
Q4 25
$517.0M
Q3 25
$545.0M
$213.8M
Q2 25
$429.0M
$406.2M
Q1 25
$48.1M
Q4 24
$905.4M
Q3 24
$553.0M
$-220.0M
Q2 24
$474.0M
$353.1M
Gross Margin
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
Q3 25
29.6%
Q2 25
30.0%
Q1 25
Q4 24
Q3 24
30.2%
Q2 24
30.2%
Operating Margin
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
Q3 25
21.2%
Q2 25
20.8%
Q1 25
Q4 24
Q3 24
24.5%
Q2 24
23.3%
Net Margin
AMRZ
AMRZ
PFG
PFG
Q1 26
0.3%
Q4 25
11.3%
Q3 25
14.8%
5.8%
Q2 25
13.3%
11.1%
Q1 25
1.3%
Q4 24
19.1%
Q3 24
16.0%
-7.3%
Q2 24
14.6%
8.2%
EPS (diluted)
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
$2.30
Q3 25
$0.98
$0.95
Q2 25
$0.78
$1.79
Q1 25
$0.21
Q4 24
$3.92
Q3 24
$1.00
$-0.95
Q2 24
$0.86
$1.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMRZ
AMRZ
PFG
PFG
Cash + ST InvestmentsLiquidity on hand
$826.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$12.9B
Total Assets
$24.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
$4.4B
Q3 25
$826.0M
$5.1B
Q2 25
$601.0M
$3.7B
Q1 25
$3.9B
Q4 24
$4.2B
Q3 24
$6.2B
Q2 24
$4.8B
Total Debt
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
$3.9B
Q3 25
$3.9B
Q2 25
$3.9B
Q1 25
$4.3B
Q4 24
$4.0B
Q3 24
$3.9B
Q2 24
$3.9B
Stockholders' Equity
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
$11.9B
Q3 25
$12.9B
$11.7B
Q2 25
$12.4B
$11.4B
Q1 25
$11.2B
Q4 24
$11.1B
Q3 24
$9.8B
$11.2B
Q2 24
$9.3B
$11.0B
Total Assets
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
$341.4B
Q3 25
$24.0B
$334.5B
Q2 25
$23.8B
$323.1B
Q1 25
$313.0B
Q4 24
$313.7B
Q3 24
$322.9B
Q2 24
$308.8B
Debt / Equity
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
0.33×
Q3 25
0.34×
Q2 25
0.34×
Q1 25
0.39×
Q4 24
0.36×
Q3 24
0.35×
Q2 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMRZ
AMRZ
PFG
PFG
Operating Cash FlowLast quarter
$854.0M
Free Cash FlowOCF − Capex
$669.0M
FCF MarginFCF / Revenue
18.2%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
1.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
$1.7B
Q3 25
$854.0M
$1.0B
Q2 25
$811.9M
Q1 25
$977.3M
Q4 24
$1.5B
Q3 24
$1.1B
Q2 24
$1.4B
Free Cash Flow
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
Q3 25
$669.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
Q3 25
18.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
Q3 25
5.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
AMRZ
AMRZ
PFG
PFG
Q1 26
Q4 25
3.37×
Q3 25
1.57×
4.70×
Q2 25
2.00×
Q1 25
20.32×
Q4 24
1.61×
Q3 24
Q2 24
4.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMRZ
AMRZ

Building Materials$2.8B75%
Building Envelope$901.0M25%
Equity Method Investee$5.0M0%

PFG
PFG

Segment breakdown not available.

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