Amrize (AMRZ) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Amrize generated $2.21B of operating cash flow and spent $788.00M on capital expenditures. That left free cash flow of $1.42B, down 13.4% from $1.64B a year earlier, or 12.0% of revenue.

Amrize Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Amrize AG (AMRZ) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	1.18	1.27	0.96	1.11	-
Depreciation & Amortization	0.91	0.89	0.85	0.79	-
Deferred Income Tax	0.08	-0.04	0.01	0.07	-
Stock Based Compensation	0.01	0.01	0.01	0.00	0.00
Change in Working Capital	-0.13	0.04	0.12	0.01	-
Change in Accounts Receivable	0.01	0.19	-0.08	0.04	-
Change in Inventory	-0.06	-0.15	-0.01	-0.30	-
Change in Accounts Payable	0.11	0.03	0.09	0.25	-
Change in Other Working Capital	-0.18	-0.03	0.07	-0.02	-
Other Operating Activities	0.22	0.11	0.07	-0.02	-
Net Cash from Operating Activities	2.21	2.28	2.04	1.99	1.49
Investing Activities
Capital Expenditures	-0.79	-0.64	-0.63	-0.49	-0.39
Acquisitions	-0.09	-0.25	-1.61	-2.03	-
Other Investing Activities	0.47	-0.32	0.16	0.00	-
Net Cash from Investing Activities	-0.36	-1.21	-2.03	-2.52	-2.50
Financing Activities
Debt Repayment	-5.65	-0.23	-0.72	-0.55	-
Other Financing Activities	0.80	-0.31	-0.01	-0.23	0.48
Net Cash from Financing Activities	-1.56	-0.54	0.73	0.50	1.24
Summary
Effect of Forex Changes on Cash	0.05	-0.06	0.01	-0.01	-
Net Change in Cash	0.34	0.48	0.76	-0.05	0.23
Cash at Beginning of Period	1.59	1.11	0.35	0.40	-
Cash at End of Period	1.92	1.59	1.11	0.35	-
Free Cash Flow	1.42	1.64	1.41	1.50	1.10

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Amrize Cash Flow

What is Amrize's free cash flow?

Amrize generated free cash flow of $1.42B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $2.21B minus $788.00M of capital expenditures. That was down 13.4% from $1.64B a year earlier. Free cash flow equaled 12.0% of revenue.

How much does Amrize spend on capital expenditures?

Amrize spent $788.00M on capital expenditures in fiscal 2025, compared with $642.00M a year earlier. That equals 35.7% of operating cash flow.

Does Amrize pay dividends or buy back shares?

Amrize's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition