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Side-by-side financial comparison of Amrize Ltd (AMRZ) and Williams Companies (WMB). Click either name above to swap in a different company.

Amrize Ltd is the larger business by last-quarter revenue ($3.7B vs $3.0B, roughly 1.2× Williams Companies). Williams Companies runs the higher net margin — 28.5% vs 14.8%, a 13.7% gap on every dollar of revenue. On growth, Amrize Ltd posted the faster year-over-year revenue change (6.6% vs -0.6%).

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.

The Williams Companies, Inc. is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.

AMRZ vs WMB — Head-to-Head

Bigger by revenue
AMRZ
AMRZ
1.2× larger
AMRZ
$3.7B
$3.0B
WMB
Growing faster (revenue YoY)
AMRZ
AMRZ
+7.2% gap
AMRZ
6.6%
-0.6%
WMB
Higher net margin
WMB
WMB
13.7% more per $
WMB
28.5%
14.8%
AMRZ

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AMRZ
AMRZ
WMB
WMB
Revenue
$3.7B
$3.0B
Net Profit
$545.0M
$864.0M
Gross Margin
29.6%
Operating Margin
21.2%
43.6%
Net Margin
14.8%
28.5%
Revenue YoY
6.6%
-0.6%
Net Profit YoY
-1.4%
25.1%
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
WMB
WMB
Q1 26
$3.0B
Q4 25
$3.8B
Q3 25
$3.7B
$3.5B
Q2 25
$3.2B
$3.4B
Q1 25
$4.2B
Q4 24
$3.4B
Q3 24
$3.4B
$3.0B
Q2 24
$3.2B
$2.8B
Net Profit
AMRZ
AMRZ
WMB
WMB
Q1 26
$864.0M
Q4 25
$734.0M
Q3 25
$545.0M
$647.0M
Q2 25
$429.0M
$546.0M
Q1 25
$691.0M
Q4 24
$486.0M
Q3 24
$553.0M
$706.0M
Q2 24
$474.0M
$401.0M
Gross Margin
AMRZ
AMRZ
WMB
WMB
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
WMB
WMB
Q1 26
43.6%
Q4 25
27.3%
Q3 25
21.2%
31.8%
Q2 25
20.8%
28.0%
Q1 25
26.1%
Q4 24
23.2%
Q3 24
24.5%
27.6%
Q2 24
23.3%
24.4%
Net Margin
AMRZ
AMRZ
WMB
WMB
Q1 26
28.5%
Q4 25
19.1%
Q3 25
14.8%
18.5%
Q2 25
13.3%
16.2%
Q1 25
16.5%
Q4 24
14.2%
Q3 24
16.0%
23.3%
Q2 24
14.6%
14.1%
EPS (diluted)
AMRZ
AMRZ
WMB
WMB
Q1 26
Q4 25
$0.60
Q3 25
$0.98
$0.53
Q2 25
$0.78
$0.45
Q1 25
$0.56
Q4 24
$0.39
Q3 24
$1.00
$0.58
Q2 24
$0.86
$0.33

Balance Sheet & Financial Strength

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

Metric
AMRZ
AMRZ
WMB
WMB
Cash + ST InvestmentsLiquidity on hand
$826.0M
$950.0K
Total DebtLower is stronger
$30.1M
Stockholders' EquityBook value
$12.9B
$13.0M
Total Assets
$24.0B
$59.6M
Debt / EquityLower = less leverage
2.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMRZ
AMRZ
WMB
WMB
Q1 26
$950.0K
Q4 25
Q3 25
$826.0M
Q2 25
$601.0M
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
AMRZ
AMRZ
WMB
WMB
Q1 26
$30.1M
Q4 25
$27.3B
Q3 25
$25.6B
Q2 25
$25.6B
Q1 25
$24.1B
Q4 24
$24.7B
Q3 24
$24.8B
Q2 24
$24.1B
Stockholders' Equity
AMRZ
AMRZ
WMB
WMB
Q1 26
$13.0M
Q4 25
$12.8B
Q3 25
$12.9B
$12.5B
Q2 25
$12.4B
$12.4B
Q1 25
$12.5B
Q4 24
$12.4B
Q3 24
$9.8B
$12.4B
Q2 24
$9.3B
$12.3B
Total Assets
AMRZ
AMRZ
WMB
WMB
Q1 26
$59.6M
Q4 25
$58.6B
Q3 25
$24.0B
$55.7B
Q2 25
$23.8B
$56.1B
Q1 25
$54.9B
Q4 24
$54.5B
Q3 24
$53.8B
Q2 24
$52.4B
Debt / Equity
AMRZ
AMRZ
WMB
WMB
Q1 26
2.31×
Q4 25
2.13×
Q3 25
2.04×
Q2 25
2.06×
Q1 25
1.93×
Q4 24
1.99×
Q3 24
2.00×
Q2 24
1.96×

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
WMB
WMB
Operating Cash FlowLast quarter
$854.0M
$6.3B
Free Cash FlowOCF − Capex
$669.0M
FCF MarginFCF / Revenue
18.2%
Capex IntensityCapex / Revenue
5.0%
44.9%
Cash ConversionOCF / Net Profit
1.57×
7.31×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMRZ
AMRZ
WMB
WMB
Q1 26
$6.3B
Q4 25
$1.6B
Q3 25
$854.0M
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.3B
Free Cash Flow
AMRZ
AMRZ
WMB
WMB
Q1 26
Q4 25
$-379.0M
Q3 25
$669.0M
$485.0M
Q2 25
$478.0M
Q1 25
$421.0M
Q4 24
$450.0M
Q3 24
$561.0M
Q2 24
$700.0M
FCF Margin
AMRZ
AMRZ
WMB
WMB
Q1 26
Q4 25
-9.9%
Q3 25
18.2%
13.9%
Q2 25
14.2%
Q1 25
10.1%
Q4 24
13.2%
Q3 24
18.5%
Q2 24
24.6%
Capex Intensity
AMRZ
AMRZ
WMB
WMB
Q1 26
44.9%
Q4 25
50.9%
Q3 25
5.0%
27.3%
Q2 25
28.8%
Q1 25
24.2%
Q4 24
22.5%
Q3 24
22.5%
Q2 24
20.3%
Cash Conversion
AMRZ
AMRZ
WMB
WMB
Q1 26
7.31×
Q4 25
2.15×
Q3 25
1.57×
2.22×
Q2 25
2.66×
Q1 25
2.07×
Q4 24
2.51×
Q3 24
1.76×
Q2 24
3.19×

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%

WMB
WMB

Service revenues$2.2B73%
Other$778.0M26%
Service revenues - commodity consideration$46.0M2%

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