AMRZ vs ITW vs PPG Stock Comparison

Amrize, Illinois Tool Works and Ppg Industries Prices as of Oct 27, 2026 Peers: Industry group
AMRZ Amrize Ltd
$40.22 +5.2% 1M -19.4% 1Y
Market cap
$22.11B
P/E
18.2x
Revenue (TTM)
$12.19B
Div. yield
–
Cement Basic Materials
ITW Illinois Tool Works Inc
$275.93 +0.7% 1M +11.3% 1Y
Market cap
$79.02B
P/E
24.0x
Revenue (TTM)
—
Div. yield
–
Industrial Machinery Industrials
4 wins
PPG Ppg Industries Inc
$113.55 +5.6% 1M +7.7% 1Y
Market cap
$26.53B
P/E
16.9x
Revenue (TTM)
$16.69B
Div. yield
0.02%
Paints and Coatings Basic Materials
4 wins

Head to Head

8 decided of 12

Illinois Tool Works leads on 4 of the 12 questions below (Illinois Tool Works 4, Ppg Industries 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMRZITWPPGLeader
Larger companyMarket capitalisation $22.11B $79.02B $26.53B ITW
Cheaper on earningsLower P/E, profitable companies only 18.2x 24.0x 16.9x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.6x 25.9x 13.9x PPG
Faster revenue growthRevenue growth, trailing twelve months +5.1% — +6.4% PPG
More profitableNet margin, trailing twelve months 10.0% — — –
Better return on capitalReturn on invested capital 7.7% — — –
Less leveragedLower net debt / EBITDA 1.8x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months -19.4% +11.3% +7.7% ITW
Better 5-year returnAnnualised price return, 5 years — +4.0%/yr -7.0%/yr ITW
Less volatileAnnualised volatility, 1 year 37.1% 21.3% 30.7% ITW
Higher overall scoreMean of the five percentile scores vs peers 54/100 49/100 70/100 PPG

Percentile Scorecard

AMRZITWPPG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMRZITWPPG
Valuation 67 #4 of 10 24 #154 of 203 68 #31 of 94
Growth – 35 #123 of 188 74 #24 of 91
Profitability 14 #7 of 8 – –
Financial Health 63 #4 of 9 – –
Shareholder Returns 71 #3 of 8 87 #21 of 153 68 #23 of 70
Overall 54 49 70
  • AMRZ ranked among 10 companies in Construction Materials
  • ITW ranked among 222 companies in Machinery
  • PPG ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMRZITWPPGSPY
1 month +5.2%+0.7%+5.6% -0.2%
3 months -20.2%-6.5%-4.6% +3.9%
6 months -30.0%+2.8%+5.5% +8.2%
Year to date -25.6%+12.0%+10.8% +12.9%
1 year -19.4%+11.3%+7.7% +12.3%
3 years —+23.6%-5.9% +87.4%
3 years, per year —+7.3%-2.0% +23.3%
5 years —+21.8%-30.3% +67.9%
5 years, per year —+4.0%-7.0% +10.9%
10 years —+143.5%+21.6% +261.1%
10 years, per year —+9.3%+2.0% +13.7%

Risk

MeasureAMRZITWPPGSPY
Volatility, 1Y 37.1%21.3%30.7% 12.7%
Downside volatility, 1Y 37.6%20.7%31.3% 12.7%
Beta vs S&P 500, 1Y 1.310.471.05 1.00
Return / volatility, 1Y -0.520.530.25 0.97
Max drawdown, 5Y -45.2%-28.9%-47.0% -25.4%
From 52-week high -38.9%-7.9%-13.7% -1.2%
52-week high $65.86$299.60$131.56 $779.14
52-week low $36.09$241.07$94.34 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMRZITWPPG
P/E now vs peer median 18.3xmedian 20.3x 24.0xmedian 25.2x 16.1xmedian 22.0x
P/S now vs peer median 1.8xmedian 1.8x 4.6xmedian 1.9x 1.5xmedian 1.4x
EV/EBITDA now vs peer median 9.6xmedian 9.5x —median 14.0x —median 12.4x
P/FCF now vs peer median 16.8xmedian 31.6x 26.0xmedian 21.7x 16.7xmedian 15.1x
P/B now vs peer median 1.7xmedian 2.3x 25.0xmedian 2.3x —median 1.6x
PEG now vs peer median —median 2.85 —median 1.32 2.93median 1.66

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMRZITWPPG
Revenue $12.19B – $16.69B
Gross profit $3.05B – –
Operating income $1.89B – –
Net income $1.22B $3.23B –
Free cash flow $1.31B – –
R&D – – $458.00M
EPS (diluted) $2.20 – $7.01
Cash & equivalents $729.00M $809.00M $1.59B
Total debt $6.00B – –
Shares (diluted) 553.60M 287.00M 223.90M
Enterprise value $17.54B $79.02B $26.53B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMRZITWPPG
P/E 18.3x 24.0x 16.1x
P/FCF 16.8x 26.0x 16.7x
P/Operating cash flow 10.2x 24.1x 12.3x
P/S 1.8x 4.6x 1.5x
P/B 1.7x 25.0x –
P/Tangible book 2.0x 30.2x –
EV/EBITDA 9.6x – –
EV/EBIT 14.5x – –
EV/Revenue 2.2x – 1.5x
EV/FCF 20.8x – –
EV/Operating cash flow 12.6x 24.1x 12.3x
PEG (3Y EPS CAGR) – – 2.93

Growth

14 metrics
MetricAMRZITWPPG
Revenue growth (1Y) 5.1% – 6.4%
Revenue CAGR (3Y) – – 1.3%
Gross profit growth (1Y) 1.7% – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -6.9% – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) 4.5% 6.7% –
Net income CAGR (3Y) – 0.9% –
EPS growth (1Y) 4.1% – 59.5%
EPS CAGR (3Y) – – 5.5%
Operating cash flow growth (1Y) 13.9% -0.5% 46.1%
Operating cash flow CAGR (3Y) – -0.5% -1.5%
Free cash flow growth (1Y) 13.7% – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricAMRZITWPPG
Gross margin 25.0% – –
EBITDA margin 23.5% – –
Operating margin 15.5% – –
Pretax margin 12.7% – –
Net margin 10.0% – –
FCF margin 10.8% – –
Operating cash flow margin 17.8% – 12.3%
Return on equity 9.4% 106.9% –
Return on assets 5.0% – –
Return on invested capital 7.7% – –
Return on capital employed 9.3% – –
Asset turnover 0.5x – –
Cash conversion (OCF / net income) 1.8x 1.0x –
Stock comp / revenue 0.3% – –

Financial Health

11 metrics
MetricAMRZITWPPG
Debt / assets 24.4% – –
Debt / equity 0.5x – –
Net debt / EBITDA 1.8x – –
Debt / FCF 4.6x – –
Liabilities / assets 47.7% – –
Equity / assets 52.3% – –
Interest coverage – – –
Current ratio 1.1x 1.3x 1.6x
Quick ratio 0.7x – –
Cash ratio 0.2x – –
Altman Z-score 1.96 – –

Shareholder Returns

7 metrics
MetricAMRZITWPPG
Dividend yield 1.6% 2.4% 2.5%
Net buyback yield – – –
Shareholder yield 1.6% 2.4% 2.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – 2.4%
Dividend CAGR (3Y) – – 2.9%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMRZITWPPG
Forward P/E 17.6xFY2026 25.9xFY2026 13.9xFY2026
EPS, next fiscal year $2.28FY2026 $10.67FY2026 $8.18FY2026
EPS growth, next FY +6.5%FY2026 +1.7%FY2026 +7.9%FY2026
EPS growth, the year after +24.1% +19.3% +10.6%
Revenue, next fiscal year $13.11BFY2026 $16.46BFY2026 $17.59BFY2026
Revenue growth, next FY +11.0%FY2026 +2.6%FY2026 +10.7%FY2026
Revenue growth, the year after -6.0% +11.4% -6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMRZITWPPG
Held by institutions 46.6% 84.9% 90.3%
Institutions holding 462 1,969 1,095
Change in shares held, QoQ +7.5% +0.8% +0.1%
Institutions buying 289 846 519
Institutions selling 128 750 356
Buyers to sellers 2.26 1.13 1.46

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMRZITWPPG
AMRZ 1.00 0.49 0.58
ITW 0.49 1.00 0.60
PPG 0.58 0.60 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMRZ, ITW and PPG?

Illinois Tool Works (ITW) is the largest by market capitalisation: Amrize (AMRZ) $22.11B, Illinois Tool Works (ITW) $79.02B, Ppg Industries (PPG) $26.53B.

Which stock is cheaper, AMRZ, ITW and PPG?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Amrize (AMRZ) 18.2x, Illinois Tool Works (ITW) 24.0x, Ppg Industries (PPG) 16.9x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Amrize (AMRZ) 17.6x, Illinois Tool Works (ITW) 25.9x, Ppg Industries (PPG) 13.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ppg Industries (PPG) grew revenue fastest over the trailing twelve months: Amrize (AMRZ) +5.1%, Ppg Industries (PPG) +6.4%.

Which stock has performed better?

Over the past year Illinois Tool Works (ITW) returned the most: Amrize (AMRZ) -19.4%, Illinois Tool Works (ITW) +11.3%, Ppg Industries (PPG) +7.7%. Over five years, Illinois Tool Works (ITW) compounded fastest (Illinois Tool Works (ITW) +4.0%/yr, Ppg Industries (PPG) -7.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Amrize (AMRZ) 0.00%, Illinois Tool Works (ITW) 0.00%, Ppg Industries (PPG) 0.02%. Amrize (AMRZ) and Illinois Tool Works (ITW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Amrize (AMRZ) 37.1%, Illinois Tool Works (ITW) 21.3%, Ppg Industries (PPG) 30.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMRZ, ITW and PPG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Illinois Tool Works (ITW) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.