AMRZ vs KNF vs PPG Stock Comparison

Amrize, Knife River and Ppg Industries Prices as of Oct 28, 2026 Peers: Industry group
AMRZ Amrize Ltd
$40.05 +5.3% 1M -20.6% 1Y
Market cap
$22.95B
P/E
18.9x
Revenue (TTM)
$12.19B
Div. yield
–
Cement Basic Materials
2 wins
KNF Knife River Corp
$54.25 +1.7% 1M -11.3% 1Y
Market cap
$3.29B
P/E
23.5x
Revenue (TTM)
$3.31B
Div. yield
–
Aggregates Basic Materials
1 win
PPG Ppg Industries Inc
$118.58 +10.9% 1M +12.6% 1Y
Market cap
$26.49B
P/E
16.9x
Revenue (TTM)
$16.69B
Div. yield
0.02%
Paints and Coatings Basic Materials
7 wins

Head to Head

10 decided of 12

Ppg Industries leads on 7 of the 12 questions below (Ppg Industries 7, Amrize 2, Knife River 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMRZKNFPPGLeader
Larger companyMarket capitalisation $22.95B $3.29B $26.49B PPG
Cheaper on earningsLower P/E, profitable companies only 18.9x 23.5x 16.9x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.6x 20.3x 14.5x PPG
Faster revenue growthRevenue growth, trailing twelve months +5.1% +12.1% +6.4% KNF
More profitableNet margin, trailing twelve months 10.0% 4.2% 9.4% AMRZ
Better return on capitalReturn on invested capital 7.7% 6.5% 11.1% PPG
Less leveragedLower net debt / EBITDA 1.8x 3.1x 1.9x AMRZ
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months -20.6% -11.3% +12.6% PPG
Better 5-year returnAnnualised price return, 5 years — — -5.9%/yr –
Less volatileAnnualised volatility, 1 year 37.1% 51.1% 31.0% PPG
Higher overall scoreMean of the five percentile scores vs peers 51/100 26/100 67/100 PPG

Percentile Scorecard

AMRZKNFPPG

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

AxisAMRZKNFPPG
Valuation 56 #5 of 10 67 #4 of 10 60 #38 of 94
Growth – – 71 #27 of 91
Profitability 14 #7 of 8 0 #8 of 8 83 #15 of 84
Financial Health 63 #4 of 9 13 #8 of 9 51 #47 of 94
Shareholder Returns 71 #3 of 8 – 71 #21 of 69
Overall 51 26 67
  • AMRZ ranked among 10 companies in Construction Materials
  • KNF ranked among 10 companies in Construction Materials
  • PPG ranked among 99 companies in Chemicals

Price Performance

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

Returns

PeriodAMRZKNFPPGSPY
1 month +5.3%+1.7%+10.9% +0.9%
3 months -19.0%-28.8%+6.0% +5.9%
6 months -29.5%-39.5%+13.3% +8.5%
Year to date -25.9%-22.9%+15.7% +13.3%
1 year -20.6%-11.3%+12.6% +12.4%
3 years —+13.0%-1.8% +88.1%
3 years, per year —+4.2%-0.6% +23.5%
5 years ——-26.2% +68.2%
5 years, per year ——-5.9% +11.0%
10 years ——+27.7% +263.4%
10 years, per year ——+2.5% +13.8%

Risk

MeasureAMRZKNFPPGSPY
Volatility, 1Y 37.1%51.1%31.0% 12.7%
Downside volatility, 1Y 37.5%51.4%31.4% 12.7%
Beta vs S&P 500, 1Y 1.311.311.05 1.00
Return / volatility, 1Y -0.56-0.220.41 0.98
Max drawdown, 5Y -45.2%-55.3%-47.0% -25.4%
From 52-week high -39.2%-42.3%-9.9% -0.9%
52-week high $65.86$93.97$131.56 $779.14
52-week low $36.09$47.97$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.

MultipleAMRZKNFPPG
P/E now vs peer median 18.2xmedian 20.1x 22.0xmedian 20.1x 16.8xmedian 22.0x
P/S now vs peer median 1.8xmedian 1.8x 0.9xmedian 1.8x 1.6xmedian 1.4x
EV/EBITDA now vs peer median 9.5xmedian 9.4x 9.3xmedian 9.4x 11.3xmedian 12.4x
P/FCF now vs peer median 16.8xmedian 31.4x 71.5xmedian 31.4x 20.4xmedian 15.5x
P/B now vs peer median 1.7xmedian 2.3x 1.9xmedian 2.3x 3.0xmedian 1.7x
PEG now vs peer median —median 2.86 14.83median 2.86 2.99median 1.84

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 monthsAMRZKNFPPG
Revenue $12.19B $3.31B $16.69B
Gross profit $3.05B $589.67M $6.83B
Operating income $1.89B $275.33M $2.24B
Net income $1.22B $139.89M $1.57B
Free cash flow $1.31B $43.06M $1.28B
R&D – – $458.00M
EPS (diluted) $2.20 $2.46 $7.03
Cash & equivalents $729.00M $102.03M $1.59B
Total debt $6.00B $1.62B $6.84B
Shares (diluted) 553.60M 56.88M 223.20M
Enterprise value $18.37B $2.90B $19.41B

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
MetricAMRZKNFPPG
P/E 18.2x 22.0x 16.8x
P/FCF 16.8x 71.5x 20.4x
P/Operating cash flow 10.1x 9.8x 12.8x
P/S 1.8x 0.9x 1.6x
P/B 1.7x 1.9x 3.0x
P/Tangible book 2.0x 2.0x 3.9x
EV/EBITDA 9.5x 9.3x 11.3x
EV/EBIT 14.4x 16.7x 14.0x
EV/Revenue 2.2x 1.4x 1.9x
EV/FCF 20.8x 106.7x 24.5x
EV/Operating cash flow 12.6x 14.7x 15.3x
PEG (3Y EPS CAGR) – 14.83 2.99

Growth

14 metrics
MetricAMRZKNFPPG
Revenue growth (1Y) 5.1% 12.1% 6.4%
Revenue CAGR (3Y) – 8.3% 1.3%
Gross profit growth (1Y) 1.7% 10.3% 5.4%
Gross profit CAGR (3Y) – 12.6% 2.6%
Operating income growth (1Y) -6.9% 6.5% 4.1%
Operating income CAGR (3Y) – 6.6% 1.4%
Net income growth (1Y) 4.5% -8.7% 59.8%
Net income CAGR (3Y) – 1.7% 2.9%
EPS growth (1Y) 4.1% -8.7% 60.0%
EPS CAGR (3Y) – 1.5% 5.6%
Operating cash flow growth (1Y) 13.9% 28.0% 46.2%
Operating cash flow CAGR (3Y) – 3.2% -1.4%
Free cash flow growth (1Y) 13.7% 181.0% 79.3%
Free cash flow CAGR (3Y) – -29.0% -7.8%

Profitability

14 metrics
MetricAMRZKNFPPG
Gross margin 25.0% 17.8% 40.9%
EBITDA margin 23.5% 14.9% 16.6%
Operating margin 15.5% 8.3% 13.4%
Pretax margin 12.7% 5.8% 12.6%
Net margin 10.0% 4.2% 9.4%
FCF margin 10.8% 1.3% 7.7%
Operating cash flow margin 17.8% 9.5% 12.3%
Return on equity 9.4% 8.8% 18.5%
Return on assets 5.0% 3.5% 7.0%
Return on invested capital 7.7% 6.5% 11.1%
Return on capital employed 9.3% 7.8% 12.9%
Asset turnover 0.5x 0.8x 0.7x
Cash conversion (OCF / net income) 1.8x 2.2x 1.3x
Stock comp / revenue 0.3% 0.3% 0.3%

Financial Health

11 metrics
MetricAMRZKNFPPG
Debt / assets 24.4% 38.7% 30.3%
Debt / equity 0.5x 1.0x 0.8x
Net debt / EBITDA 1.8x 3.1x 1.9x
Debt / FCF 4.6x 37.6x 5.3x
Liabilities / assets 47.7% 61.6% 61.8%
Equity / assets 52.3% 38.4% 38.2%
Interest coverage – 3.1x 8.7x
Current ratio 1.1x 2.7x 1.6x
Quick ratio 0.7x 1.5x 1.1x
Cash ratio 0.2x 0.2x 0.3x
Altman Z-score 1.95 2.29 3.83

Shareholder Returns

7 metrics
MetricAMRZKNFPPG
Dividend yield 1.6% – 2.4%
Net buyback yield – – 1.6%
Shareholder yield 1.6% – 4.0%
Payout ratio (earnings) – – 40.8%
Payout ratio (FCF) – – 50.1%
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.

ConsensusAMRZKNFPPG
Forward P/E 17.6xFY2026 20.3xFY2026 14.5xFY2026
EPS, next fiscal year $2.28FY2026 $2.67FY2026 $8.18FY2026
EPS growth, next FY +6.5%FY2026 -3.3%FY2026 +7.9%FY2026
EPS growth, the year after +24.1% +10.5% +10.6%
Revenue, next fiscal year $13.11BFY2026 $3.66BFY2026 $17.59BFY2026
Revenue growth, next FY +11.0%FY2026 +16.2%FY2026 +10.7%FY2026
Revenue growth, the year after -6.0% +3.1% -6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMRZKNFPPG
Held by institutions 46.6% 96.7% 90.3%
Institutions holding 462 391 1,096
Change in shares held, QoQ +7.5% +1.0% +0.1%
Institutions buying 289 168 520
Institutions selling 128 137 356
Buyers to sellers 2.26 1.23 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.

AMRZKNFPPG
AMRZ 1.00 0.45 0.57
KNF 0.45 1.00 0.51
PPG 0.57 0.51 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, AMRZ, KNF and PPG?

Ppg Industries (PPG) is the largest by market capitalisation: Amrize (AMRZ) $22.95B, Knife River (KNF) $3.29B, Ppg Industries (PPG) $26.49B.

Which stock is cheaper, AMRZ, KNF and PPG?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Amrize (AMRZ) 18.9x, Knife River (KNF) 23.5x, Ppg Industries (PPG) 16.9x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Amrize (AMRZ) 17.6x, Knife River (KNF) 20.3x, Ppg Industries (PPG) 14.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Knife River (KNF) grew revenue fastest over the trailing twelve months: Amrize (AMRZ) +5.1%, Knife River (KNF) +12.1%, Ppg Industries (PPG) +6.4%.

Which company is more profitable?

Amrize (AMRZ) has the highest net margin (Amrize (AMRZ) 10.0%, Knife River (KNF) 4.2%, Ppg Industries (PPG) 9.4%). On return on invested capital, Ppg Industries (PPG) leads (Amrize (AMRZ) 7.7%, Knife River (KNF) 6.5%, Ppg Industries (PPG) 11.1%).

Which stock has performed better?

Over the past year Ppg Industries (PPG) returned the most: Amrize (AMRZ) -20.6%, Knife River (KNF) -11.3%, Ppg Industries (PPG) +12.6%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Amrize (AMRZ) 0.00%, Knife River (KNF) 0.00%, Ppg Industries (PPG) 0.02%. Amrize (AMRZ) and Knife River (KNF) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ppg Industries (PPG) has been the steadiest (Amrize (AMRZ) 37.1%, Knife River (KNF) 51.1%, Ppg Industries (PPG) 31.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMRZ, KNF 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, Ppg Industries (PPG) leads on 7. 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.