Armstrong World Industries
AWI
162.32
-2.55
-1.55%
Armstrong World Industries
US · AWI
#1796 by market cap
Listed 1970
162.32
-2.55
-1.55%
Live - 5344 symbols - heartbeat 345s ago
· 2026-10-07 19:54
After-hours
162.32
0.00%
- Market cap
- 6.86B
- P/E (TTM)i
- 22.24
- P/Bi
- 7.76
- EPSi
- 7.08
- Div yieldi
- 0.82%
- 52W posi
- 22%
Reader sentiment
Are you bullish or bearish on AWI?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 6.81, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +12.11% YoY
Margins
- Gross margin
- 40.64%
- Operating margin
- 19.69%
- Net margin
- 19.05%
Key ratios & quality
- Enterprise valuei
- 7.17B
- PEG ratioi
- 1.48
- Altman Z-Scorei
- 6.81
PEG uses trailing P/E against the 3-year net income growth rate (15.01%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 975.30M | 1.04B | 936.90M | 1.11B | 1.23B | 1.30B | 1.45B | 1.62B |
| Gross profit | 333.50M | 395.10M | 333.10M | 405.60M | 449.10M | 497.00M | 581.60M | 658.70M |
| Selling & admin expenses | 159.00M | 174.30M | 163.20M | 232.10M | 237.00M | 262.50M | 308.50M | 339.50M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 174.50M | 220.80M | 169.90M | 173.50M | 212.10M | 234.50M | 273.10M | 319.20M |
| Pretax profit | 242.70M | 299.40M | -126.70M | 242.70M | 257.60M | 298.30M | 347.10M | 400.30M |
| Tax | 53.10M | 57.10M | -42.60M | 57.40M | 57.70M | 74.50M | 82.20M | 91.60M |
| Net profit | 185.90M | 214.50M | -99.10M | 183.20M | 202.90M | 223.80M | 264.90M | 308.70M |
| Basic EPS | 4 | 4 | -2 | 4 | 4 | 5 | 6 | 7 |
| Diluted EPS | 3.56 | 4.32 | -2.07 | 3.82 | 4.37 | 4.99 | 6.02 | 7.08 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 382.70M | 424.60M | 425.20M | 388.30M | 409.90M | 472.00M |
| Gross profit | 149.90M | 175.80M | 178.50M | 154.50M | 155.30M | 195.00M |
| Selling & admin expenses | 78.00M | 84.40M | 90.10M | 87.40M | 88.40M | 93.70M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 71.90M | 91.40M | 88.40M | 67.10M | 66.90M | 101.30M |
| Pretax profit | 90.70M | 115.30M | 109.50M | 84.80M | 88.40M | 126.90M |
| Tax | 21.60M | 27.50M | 23.20M | 19.30M | 21.60M | 30.20M |
| Net profit | 69.10M | 87.80M | 86.30M | 65.50M | 66.80M | 96.70M |
| Basic EPS | 2 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.58 | 2.01 | 1.98 | 1.51 | 1.55 | 2.26 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 717.60M | 244.40M | 311.80M | 321.90M | 356.50M | 313.00M | 348.90M | 391.50M |
| Cash & ST investments | 325.70M | 45.30M | 136.90M | 98.10M | 106.00M | 70.80M | 79.30M | 112.70M |
| Inventory | 61.20M | 68.50M | 81.50M | 90.20M | 110.00M | 104.00M | 109.80M | 124.60M |
| Total assets | 1.84B | 1.49B | 1.72B | 1.71B | 1.69B | 1.67B | 1.84B | 1.92B |
| Total current liabilities | 549.50M | 155.20M | 172.30M | 209.60M | 182.70M | 194.50M | 249.70M | 267.40M |
| Short-term debt | 55.00M | 11.50M | 31.80M | 32.80M | 8.10M | 32.30M | 34.40M | 27.10M |
| Long-term debt | 764.80M | 604.50M | 690.50M | 606.40M | 651.10M | 564.30M | 502.60M | 396.40M |
| Total liabilities | 1,612,300,000.00 | 1,128,400,000.00 | 1,267,600,000.00 | 1,190,300,000.00 | 1,152,200,000.00 | 1,080,600,000.00 | 1,085,600,000.00 | 1,024,000,000.00 |
| Total equity | 226.00M | 364.90M | 450.90M | 519.70M | 535.00M | 591.80M | 757.10M | 900.70M |
| Retained earnings | 829.80M | 1.01B | 869.80M | 1.01B | 1.17B | 1.35B | 1.56B | 1.81B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 371.50M | 375.60M | 395.70M | 391.50M | 402.40M | 425.30M |
| Cash & ST investments | 82.80M | 81.10M | 90.10M | 112.70M | 79.80M | 78.60M |
| Inventory | 117.10M | 116.40M | 123.50M | 124.60M | 129.50M | 127.40M |
| Total assets | 1.85B | 1.86B | 1.89B | 1.92B | 1.99B | 2.01B |
| Total current liabilities | 231.60M | 232.90M | 261.10M | 267.40M | 262.10M | 280.00M |
| Short-term debt | 35.20M | 37.30M | 38.50M | 27.10M | 28.30M | 28.50M |
| Long-term debt | 497.20M | 461.80M | 386.40M | 396.40M | 469.00M | 481.70M |
| Total liabilities | 1,061,000,000.00 | 1,024,200,000.00 | 1,004,200,000.00 | 1,024,000,000.00 | 1,093,000,000.00 | 1,122,500,000.00 |
| Total equity | 793.40M | 837.80M | 889.20M | 900.70M | 892.90M | 884.30M |
| Retained earnings | 1.62B | 1.69B | 1.76B | 1.81B | 1.87B | 1.95B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 203.20M | 182.70M | 218.80M | 187.20M | 182.40M | 233.50M | 266.80M | 355.50M |
| Depreciation & amortization | 79.40M | 72.10M | 84.00M | 96.50M | 83.70M | 89.20M | 103.20M | 120.40M |
| Free cash flow | 131.30M | 111.40M | 163.40M | 107.40M | 107.60M | 149.70M | 184.00M | 246.10M |
| Dividends paid | -8.60M | -35.60M | -39.20M | -41.40M | -44.20M | -46.90M | -50.60M | -55.20M |
| Stock buybacks / issuance | -306.60M | -131.30M | -44.40M | -80.00M | -167.00M | -1.80M | -4.90M | -8.70M |
| Ending cash balance | 335.70M | 45.30M | 136.90M | 98.10M | 106.00M | 70.80M | 79.30M | 112.70M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 41.00M | 81.60M | 122.90M | 110.00M | 32.10M | 93.80M |
| Depreciation & amortization | 29.30M | 30.50M | 30.10M | 30.50M | 29.70M | 30.20M |
| Free cash flow | 21.90M | 61.70M | 100.30M | 62.20M | 14.40M | 69.80M |
| Dividends paid | -13.40M | -13.80M | -13.40M | -14.60M | -14.70M | -15.50M |
| Stock buybacks / issuance | -22.00M | -30.40M | -35.10M | 78.80M | -60.60M | -76.80M |
| Ending cash balance | 82.80M | 81.10M | 90.10M | 112.70M | 79.80M | 78.60M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 54.64 | 68.52 | -24.32 | 37.69 | 38.48 | 39.72 | 39.28 | 37.24 |
| ROA %i | 9.92 | 12.74 | -6.18 | 10.67 | 11.95 | 13.32 | 15.07 | 16.39 |
| ROIC %i | 18.14 | 23.23 | -7.52 | 16.71 | 18.53 | 20.18 | 22.58 | 24.15 |
| 5-year avg ROE %i | 27.10 | 39.65 | 32.13 | 35.64 | 36.35 | 32.81 | 26.18 | 38.49 |
| EBIT margin %i | 28.90 | 32.54 | -10.95 | 24.00 | 23.09 | 25.76 | 26.76 | 26.73 |
| FCF / sales %i | 13.46 | 10.73 | 17.44 | 9.71 | 8.73 | 11.56 | 12.73 | 15.18 |
| Current ratioi | 1.31 | 1.57 | 1.81 | 1.54 | 1.95 | 1.61 | 1.40 | 1.46 |
| Quick ratioi | 0.74 | 1.03 | 1.26 | 1.00 | 1.21 | 0.94 | 0.87 | 0.91 |
| Debt / assetsi | 44.60 | 43.27 | 43.97 | 39.27 | 40.72 | 38.29 | 32.56 | 25.66 |
| LT debt / equityi | 338.41 | 173.91 | 160.55 | 122.92 | 126.90 | 102.75 | 74.69 | 51.83 |
| Interest coveragei | 7.19 | 8.80 | -4.26 | 11.60 | 10.51 | 9.45 | 9.72 | 13.13 |
| Revenue CAGR (3Y) %i | 6.60 | 7.43 | 1.59 | 4.30 | 5.91 | 11.40 | 9.32 | 9.54 |
| Net income CAGR (3Y) %i | 25.43 | 27.01 | -- | -0.49 | -1.84 | -- | 13.08 | 15.01 |
| FCF CAGR (3Y) %i | 58.46 | -- | 26.51 | -6.48 | -1.15 | -2.88 | 19.66 | 31.75 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 38.60 | 39.29 | 38.03 | 37.24 | 36.34 | 36.62 |
| ROA %i | 15.46 | 16.08 | 16.52 | 16.39 | 15.96 | 16.30 |
| ROIC %i | 22.93 | 23.33 | 24.40 | 24.15 | 23.22 | 23.69 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 26.42 | 27.06 | 26.62 | 26.73 | 26.08 | 25.99 |
| FCF / sales %i | 12.93 | 13.99 | 15.10 | 15.18 | 14.48 | 14.55 |
| Current ratioi | 1.60 | 1.61 | 1.52 | 1.46 | 1.54 | 1.52 |
| Quick ratioi | 1.01 | 1.03 | 0.96 | 0.91 | 0.94 | 0.97 |
| Debt / assetsi | 32.09 | 30.17 | 26.21 | 25.66 | 28.65 | 28.87 |
| LT debt / equityi | 70.56 | 62.59 | 51.48 | 51.83 | 60.56 | 62.30 |
| Interest coveragei | 10.10 | 11.48 | 12.35 | 13.13 | 13.52 | 14.21 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Mineral Fiber is the largest reported line at 61.06% of revenue, across 2 reported segments.
- Architectural Specialties follows at 38.94%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Mineral Fiber61.06%
Architectural Specialties38.94%
Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.