What is Armstrong World Industries, Inc.'s earnings per share (EPS)?

Armstrong World Industries, Inc. (AWI) reported diluted earnings per share of $7.08 for fiscal year 2025. This represents a 17.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Armstrong World Industries, Inc. (AWI) Financials

AWI

Trailing 12 months to June 30, 2026

Revenue $1.7B +8.6% YoY

Net Income $315.3M +6.5% YoY

EPS (Diluted) $7.31 +8.3% YoY

Free Cash Flow $246.7M +12.9% YoY

Market Cap $6.9B as of Oct 14, 2026

Price / Sales 4.1x on $1.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 21.9x on $315.3M net income, trailing 12 months to June 30, 2026

Price / Book 7.8x on $884.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 28, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AWI SEC filings page.

Armstrong World Industries, Inc. (AWI) reported $1.7B in revenue over the twelve months to Jun 30, 2026, up 8.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AWI FY2025 2026-10-03

AWI is turning growth into cash through a growth-to-cash model, expanding margins and reducing leverage while continuing shareholder distributions.

Operating margin rose from 22.6% in FY2022 to 26.6% in FY2025 while revenue expanded, pointing to profit growth outpacing sales growth. FY2025 operating cash flow of $355.5M exceeded net income of $308.7M, a cash-conversion advantage indicating reported earnings were accompanied by cash rather than remaining largely non-cash.

Free cash flow reached $246.1M in FY2025 after $109.4M of capital expenditures, so the business both funded reinvestment and retained cash from operations. The conversion improved from $149.7M in FY2023 to $246.1M in FY2025, showing the cash improvement was more than a one-year accounting-margin effect.

Debt-to-equity fell from 1.2x in FY2022 to 0.4x in FY2025 as equity increased, materially changing the balance-sheet funding mix. Even with FY2025 financing cash flow of -$319.3M, operating cash flow of $355.5M was higher, indicating distributions and balance-sheet actions were supported by internally generated cash.

Financial Health Signals

Financial Health Score 72/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Armstrong World Industries, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Armstrong World Industries, Inc. has an operating margin of 26.6%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 25.9% the prior year.

Growth

Armstrong World Industries, Inc.'s revenue grew 12.1% year-over-year to $1.6B, a solid pace of expansion. This earns a growth score of 69/100.

Leverage

Armstrong World Industries, Inc. has a moderate D/E ratio of 0.44. This balance of debt and equity financing earns a leverage score of 60/100.

Liquidity

Armstrong World Industries, Inc.'s current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Armstrong World Industries, Inc. converts 15.2% of revenue into free cash flow ($246.1M). This strong cash generation earns a score of 76/100.

Returns

Armstrong World Industries, Inc. earns a strong 34.3% return on equity (ROE), meaning it generates $34 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 91/100. This is down from 35.0% the prior year.

Altman Z-Score Safe

7.02

Armstrong World Industries, Inc. scores 7.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.9B) relative to total liabilities ($1.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

9/9

Armstrong World Industries, Inc. passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.15x

For every $1 of reported earnings, Armstrong World Industries, Inc. generates $1.15 in operating cash flow ($355.5M OCF vs $308.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

13.06x

Armstrong World Industries, Inc. earns $13.06 in operating income for every $1 of interest expense ($430.9M vs $33.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$472.0M

YoY+11.2%

QoQ+15.2%

5Y CAGR+11.0%

Armstrong World Industries, Inc. generated $472.0M in revenue in Q2 2026. This represents an increase of 11.2% from the same quarter a year earlier. Against the prior quarter it is up 15.2%.

EBITDA

$164.0M

YoY+6.7%

QoQ+32.4%

5Y CAGR+9.5%

Armstrong World Industries, Inc.'s EBITDA was $164.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 32.4%.

Net Income

$96.7M

YoY+10.1%

QoQ+44.8%

5Y CAGR+11.9%

Armstrong World Industries, Inc. reported $96.7M in net income in Q2 2026. This represents an increase of 10.1% from the same quarter a year earlier. Against the prior quarter it is up 44.8%.

EPS (Diluted)

$2.26

YoY+12.4%

QoQ+45.8%

5Y CAGR+14.7%

10Y CAGR+22.4%

Armstrong World Industries, Inc. earned $2.26 per diluted share (EPS) in Q2 2026. This represents an increase of 12.4% from the same quarter a year earlier. Against the prior quarter it is up 45.8%.

Cash & Balance Sheet

Free Cash Flow

$69.8M

YoY+13.1%

QoQ+384.7%

5Y CAGR+9.3%

Armstrong World Industries, Inc. generated $69.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 13.1% from the same quarter a year earlier. Against the prior quarter it is up 384.7%.

Cash & Debt

$78.6M

YoY-3.1%

QoQ-1.5%

5Y CAGR-8.0%

10Y CAGR-2.3%

Armstrong World Industries, Inc. held $78.6M in cash against $481.7M in long-term debt as of Q2 2026.

Dividends Per Share

$0.34

YoY+10.1%

QoQ0.0%

5Y CAGR+10.1%

Armstrong World Industries, Inc. paid $0.34 per share in dividends in Q2 2026. This represents an increase of 10.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

42M

YoY-2.3%

QoQ-1.0%

5Y CAGR-2.4%

10Y CAGR-2.7%

Armstrong World Industries, Inc. had 42M shares outstanding in Q2 2026. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.

Margins & Returns

Gross Margin

41.3%

YoY-0.1pp

QoQ+3.4pp

5Y change+3.9pp

Armstrong World Industries, Inc.'s gross margin was 41.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.4 percentage points.

Operating Margin

28.3%

YoY-0.7pp

QoQ+5.4pp

5Y change+0.4pp

Armstrong World Industries, Inc.'s operating margin was 28.3% in Q2 2026, reflecting core business profitability. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.4 percentage points.

Net Margin

20.5%

YoY-0.2pp

QoQ+4.2pp

5Y change+0.8pp

Armstrong World Industries, Inc.'s net profit margin was 20.5% in Q2 2026, showing the share of revenue converted to profit. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.2 percentage points.

Return on Equity

10.9%

YoY+0.5pp

QoQ+3.5pp

5Y change-0.1pp

Armstrong World Industries, Inc.'s ROE was 10.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.5 percentage points.

Capital Allocation

Share Buybacks

$76.8M

YoY+152.6%

QoQ+26.7%

5Y CAGR+30.9%

Armstrong World Industries, Inc. spent $76.8M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 152.6% from the same quarter a year earlier. Against the prior quarter it is up 26.7%.

Capital Expenditures

$24.0M

YoY+20.6%

QoQ+35.6%

5Y CAGR+6.5%

10Y CAGR-0.4%

Armstrong World Industries, Inc. invested $24.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 20.6% from the same quarter a year earlier. Against the prior quarter it is up 35.6%.

R&D Spending

Not reported for Q2 2026.

AWI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AWI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.7B	$1.6B+12.1%	$1.4B+11.6%	$1.3B+5.0%	$1.2B+11.4%	$1.1B+18.1%	$936.9M-9.7%	$1.0B+6.4%	$975.3M+9.1%	$893.6M+6.7%	$837.3M+4.0%	$805.1M-37.8%	$1.3B-48.8%	$2.5B+4.1%	$2.4B-10.8%	$2.7B
Cost of Revenue	$1.0B	$962.1M+11.3%	$864.1M+8.3%	$798.2M+1.8%	$784.0M+11.8%	$701.0M+16.1%	$603.8M-6.1%	$643.0M+0.2%	$641.8M+11.0%	$578.2M+9.0%	$530.3M+6.3%	$499.1M-45.2%	$911.2M-52.9%	$1.9B+5.4%	$1.8B-11.6%	$2.1B
Gross Profit	$683.3M	$658.7M+13.3%	$581.6M+17.0%	$497.0M+10.7%	$449.1M+10.7%	$405.6M+21.8%	$333.1M-15.7%	$395.1M+18.5%	$333.5M+5.7%	$315.4M+2.7%	$307.0M+0.3%	$306.0M-20.1%	$383.1M-35.4%	$593.0M-0.2%	$593.9M-8.3%	$647.9M
R&D Expenses	N/A	$16.4M+4.5%	$15.7M+8.3%	$14.5M-2.7%	$14.9M+2.1%	$14.6M-0.7%	$14.7M-0.7%	$14.8M-9.2%	$16.3M-6.3%	$17.4M-2.2%	$17.8M-4.8%	$18.7M-5.6%	$19.8M-32.4%	$29.3M+6.9%	$27.4M-6.2%	$29.2M
SG&A Expenses	$359.2M	$339.5M+10.0%	$308.5M+17.5%	$262.5M+10.8%	$237.0M-0.2%	$237.4M+45.5%	$163.2M-6.4%	$174.3M+9.6%	$159.0M+14.7%	$138.6M-24.8%	$184.2M+1.9%	$180.8M-27.7%	$250.1M-35.4%	$386.9M+6.0%	$364.9M-19.6%	$454.0M
Operating Income	$437.2M	$430.9M+15.1%	$374.3M+15.6%	$323.7M+16.1%	$278.7M+7.2%	$260.0M+2.0%	$254.8M-19.7%	$317.4M+27.3%	$249.4M+2.3%	$243.8M+24.5%	$195.9M+24.8%	$157.0M-20.7%	$198.1M-25.4%	$265.6M-6.8%	$284.9M+18.8%	$239.8M
EBITDA	N/A	$551.3M+15.5%	$477.5M+15.6%	$412.9M+13.9%	$362.4M+1.7%	$356.5M+5.2%	$338.8M-13.0%	$389.5M+18.5%	$328.8M-1.3%	$333.0M+16.8%	$285.1M+3.6%	$275.3M-15.9%	$327.5M-12.6%	$374.6M-5.8%	$397.6M+12.4%	$353.6M
Interest Expense	$31.0M	$33.0M-17.1%	$39.8M+12.7%	$35.3M+30.3%	$27.1M+18.3%	$22.9M-5.0%	$24.1M-37.2%	$38.4M-2.0%	$39.2M+10.7%	$35.4M-28.5%	$49.5M+11.0%	$44.6M-3.0%	$46.0M-33.0%	$68.7M+28.2%	$53.6M+10.5%	$48.5M
Income Tax	$94.3M	$91.6M+11.4%	$82.2M+10.3%	$74.5M+29.1%	$57.7M+0.5%	$57.4M+234.7%	-$42.6M-174.6%	$57.1M+7.5%	$53.1M+3440.0%	$1.5M-97.1%	$51.3M+39.8%	$36.7M-47.0%	$69.3M-2.9%	$71.4M-6.1%	$76.0M-6.2%	$81.0M
Net Income	$315.3M	$308.7M+16.5%	$264.9M+18.4%	$223.8M+10.3%	$202.9M+10.8%	$183.2M+284.9%	-$99.1M-146.2%	$214.5M+15.4%	$185.9M+55.4%	$119.6M+14.2%	$104.7M+11.1%	$94.2M+47.6%	$63.8M-32.2%	$94.1M-28.3%	$131.3M+16.8%	$112.4M
EPS (Basic)	N/A	$7.13+17.7%	$6.06+21.2%	$5.00+14.2%	$4.38+14.1%	$3.84+285.5%	-$2.07-147.0%	$4.40+21.9%	$3.61+61.9%	$2.23+18.6%	$1.88+11.2%	$1.69+47.0%	$1.15-29.0%	$1.62-26.7%	$2.21+15.7%	$1.91
EPS (Diluted)	$7.31	$7.08+17.6%	$6.02+20.6%	$4.99+14.2%	$4.37+14.4%	$3.82+284.5%	-$2.07-147.9%	$4.32+21.3%	$3.56+61.1%	$2.21+18.2%	$1.87+11.3%	$1.68+47.4%	$1.14-28.8%	$1.60-26.9%	$2.19+15.3%	$1.90
Diluted Shares (Avg)	N/A	44M-0.9%	44M-1.8%	45M-3.4%	46M-3.1%	48M0.0%	48M-3.2%	50M-5.0%	52M-3.3%	54M-3.2%	56M-0.4%	56M+0.9%	55M-5.1%	58M-1.8%	60M+1.2%	59M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$472.0M+11.2%	$409.9M+7.1%	$388.3M+5.6%	$425.2M+10.0%	$424.6M+16.3%	$382.7M+17.3%	$367.7M+17.7%	$386.6M+11.3%
Cost of Revenue	$277.0M+11.3%	$254.6M+9.4%	$233.8M+4.5%	$246.7M+10.9%	$248.8M+15.3%	$232.8M+15.2%	$223.8M+16.1%	$222.5M+8.1%
Gross Profit	$195.0M+10.9%	$155.3M+3.6%	$154.5M+7.4%	$178.5M+8.8%	$175.8M+17.7%	$149.9M+20.6%	$143.9M+20.4%	$164.1M+16.1%
SG&A Expenses	$93.7M+11.0%	$88.4M+13.3%	$87.0M+2.5%	$90.1M+16.1%	$84.4M+4.7%	$78.0M+19.3%	$84.9M+15.8%	$77.6M+20.1%
Operating Income	$133.8M+8.6%	$94.2M-4.4%	$92.0M+12.3%	$117.2M+5.3%	$123.2M+29.7%	$98.5M+14.4%	$81.9M+23.5%	$111.3M+11.1%
EBITDA	$164.0M+6.7%	$123.9M-3.1%	$122.5M+12.2%	$147.3M+7.2%	$153.7M+27.6%	$127.8M+15.8%	$109.2M+21.7%	$137.4M+11.8%
Interest Expense	$7.8M-9.3%	$7.3M-14.1%	$7.7M-16.3%	$8.2M-21.9%	$8.6M-22.5%	$8.5M-5.6%	$9.2M+7.0%	$10.5M+19.3%
Income Tax	$30.2M+9.8%	$21.6M0.0%	$19.3M+39.9%	$23.2M-13.8%	$27.5M+29.7%	$21.6M+6.4%	$13.8M-0.7%	$26.9M+11.2%
Net Income	$96.7M+10.1%	$66.8M-3.3%	$65.5M+5.3%	$86.3M+12.2%	$87.8M+33.2%	$69.1M+15.4%	$62.2M+32.9%	$76.9M+10.6%
EPS (Basic)	$2.28+12.9%	$1.56-1.9%	$1.53+7.0%	$2.00+13.6%	$2.02+34.7%	$1.59+16.1%	$1.43+33.6%	$1.76+12.8%
EPS (Diluted)	$2.26+12.4%	$1.55-1.9%	$1.52+7.8%	$1.98+13.1%	$2.01+34.0%	$1.58+16.2%	$1.41+33.0%	$1.75+12.2%
Diluted Shares (Avg)	43M-2.3%	43M-1.4%	N/A	44M-0.7%	44M-0.7%	44M-0.7%	N/A	44M-1.6%

Not reported in any period shown, so not listed: R&D Expenses.

AWI Balance Sheet

AWI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.9B+4.4%	$1.8B+10.2%	$1.7B-0.9%	$1.7B-1.3%	$1.7B-0.5%	$1.7B+15.1%	$1.5B-18.8%	$1.8B-1.9%	$1.9B+6.6%	$1.8B-34.6%	$2.7B+3.1%	$2.6B-4.3%	$2.7B-4.6%	$2.9B-4.7%	$3.0B
Current Assets	$391.5M+12.2%	$348.9M+11.5%	$313.0M-12.2%	$356.5M+10.7%	$321.9M+3.2%	$311.8M+27.6%	$244.4M-65.9%	$717.6M+10.6%	$648.9M+59.7%	$406.2M-53.9%	$880.8M+8.5%	$811.5M-8.2%	$884.0M-13.3%	$1.0B-15.7%	$1.2B
Cash & Equivalents	$112.7M+42.1%	$79.3M+12.0%	$70.8M-33.2%	$106.0M+8.1%	$98.1M-28.3%	$136.9M+202.2%	$45.3M-86.1%	$325.7M+104.1%	$159.6M+12.5%	$141.9M-32.2%	$209.3M+49.5%	$140.0M+24.7%	$112.3M-65.6%	$326.1M-32.1%	$480.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$124.6M+13.5%	$109.8M+5.6%	$104.0M-5.5%	$110.0M+22.0%	$90.2M+10.7%	$81.5M+19.0%	$68.5M+11.9%	$61.2M+13.8%	$53.8M+14.7%	$46.9M-53.7%	$101.4M-69.8%	$335.5M+4.2%	$322.1M-12.9%	$369.8M-1.7%	$376.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$217.8M+7.2%	$203.2M+15.8%	$175.5M+4.9%	$167.3M+0.2%	$167.0M+3.9%	$160.7M+203.2%	$53.0M+176.0%	$19.2M+69.9%	$11.3M+2160.0%	$500K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.0B-5.7%	$1.1B+0.5%	$1.1B-6.2%	$1.2B-3.2%	$1.2B-6.1%	$1.3B+12.3%	$1.1B-30.0%	$1.6B+8.3%	$1.5B-0.1%	$1.5B-22.2%	$1.9B-2.0%	$2.0B-4.5%	$2.0B-4.0%	$2.1B+14.5%	$1.9B
Current Liabilities	$267.4M+7.1%	$249.7M+28.4%	$194.5M+6.5%	$182.7M-12.8%	$209.6M+21.6%	$172.3M+11.0%	$155.2M-71.8%	$549.5M+103.6%	$269.9M+20.4%	$224.1M-48.6%	$436.3M+12.4%	$388.1M-5.5%	$410.9M+6.8%	$384.7M-0.4%	$386.2M
Non-Current Liabilities	$756.6M-9.5%	$835.9M-5.7%	$886.1M-8.6%	$969.5M-1.1%	$980.7M-10.5%	$1.1B+12.5%	$973.2M-8.4%	$1.1B-10.3%	$1.2B-6.6%	$1.3B-14.5%	$1.5B-5.5%	$1.6B-14.4%	$1.8B+4.7%	$1.8B+18.4%	$1.5B
Long-Term Debt	$396.4M-21.1%	$502.6M-10.9%	$564.3M-13.3%	$651.1M+7.4%	$606.4M-12.2%	$690.5M+14.2%	$604.5M-21.0%	$764.8M-6.5%	$817.7M-3.6%	$848.6M-9.4%	$936.2M-6.7%	$1.0B-3.8%	$1.0B+0.4%	$1.0B+26.1%	$822.9M
Total Equity	$900.7M+19.0%	$757.1M+27.9%	$591.8M+10.6%	$535.0M+2.9%	$519.7M+15.3%	$450.9M+23.6%	$364.9M+61.5%	$226.0M-41.2%	$384.1M+44.2%	$266.4M-65.3%	$768.8M+18.4%	$649.1M-3.6%	$673.2M-6.4%	$719.1M-36.4%	$1.1B
Retained Earnings	$1.8B+16.2%	$1.6B+15.9%	$1.3B+15.1%	$1.2B+15.7%	$1.0B+16.3%	$869.8M-13.7%	$1.0B+21.5%	$829.8M+38.7%	$598.2M+27.3%	$469.9M+28.7%	$365.2M+34.8%	$271.0M+30.8%	$207.2M+83.2%	$113.1M+46.7%	$77.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.0B+7.8%	$2.0B+7.1%	$1.9B+4.4%	$1.9B+5.0%	$1.9B+2.3%	$1.9B+9.6%	$1.8B+10.2%	$1.8B+5.3%
Current Assets	$425.3M+13.2%	$402.4M+8.3%	$391.5M+12.2%	$395.7M+10.6%	$375.6M+6.9%	$371.5M+12.3%	$348.9M+11.5%	$357.7M+2.2%
Cash & Equivalents	$78.6M-3.1%	$79.8M-3.6%	$112.7M+42.1%	$90.1M+22.3%	$81.1M+10.2%	$82.8M+19.0%	$79.3M+12.0%	$73.7M-23.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$127.4M+9.5%	$129.5M+10.6%	$124.6M+13.5%	$123.5M+6.5%	$116.4M+2.3%	$117.1M+10.1%	$109.8M+5.6%	$116.0M+8.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$259.2M+24.3%	$256.7M+22.2%	$217.8M+7.2%	$214.4M+10.1%	$208.5M+7.6%	$210.0M+19.8%	$203.2M+15.8%	$194.7M+11.4%
Total Liabilities	$1.1B+9.6%	$1.1B+3.0%	$1.0B-5.7%	$1.0B-7.6%	$1.0B-11.0%	$1.1B-0.3%	$1.1B+0.5%	$1.1B-3.7%
Current Liabilities	$280.0M+20.2%	$262.1M+13.2%	$267.4M+7.1%	$261.1M+19.6%	$232.9M+16.4%	$231.6M+25.6%	$249.7M+28.4%	$218.4M+17.5%
Non-Current Liabilities	$842.5M+6.5%	$830.9M+0.2%	$756.6M-9.5%	$743.1M-14.4%	$791.3M-16.8%	$829.4M-5.8%	$835.9M-5.7%	$868.6M-7.8%
Long-Term Debt	$481.7M+4.3%	$469.0M-5.7%	$396.4M-21.1%	$386.4M-27.5%	$461.8M-25.7%	$497.2M-11.0%	$502.6M-10.9%	$533.1M-11.9%
Total Equity	$884.3M+5.6%	$892.9M+12.5%	$900.7M+19.0%	$889.2M+24.0%	$837.8M+25.2%	$793.4M+26.6%	$757.1M+27.9%	$717.0M+22.5%
Retained Earnings	$1.9B+15.2%	$1.9B+15.5%	$1.8B+16.2%	$1.8B+16.6%	$1.7B+16.8%	$1.6B+15.9%	$1.6B+15.9%	$1.5B+15.2%

Not reported in any period shown, so not listed: Accounts Receivable.

AWI Cash Flow Statement

AWI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$358.8M	$355.5M+33.2%	$266.8M+14.3%	$233.5M+28.0%	$182.4M-2.6%	$187.2M-14.4%	$218.8M+19.8%	$182.7M-10.1%	$203.2M+19.2%	$170.4M+245.6%	$49.3M-75.8%	$203.7M-2.4%	$208.8M-2.3%	$213.7M-2.9%	$220.0M+10.2%	$199.7M
Depreciation & Amortization	N/A	$120.4M+16.7%	$103.2M+15.7%	$89.2M+6.6%	$83.7M-13.3%	$96.5M+14.9%	$84.0M+16.5%	$72.1M-9.2%	$79.4M-11.0%	$89.2M0.0%	$89.2M-24.6%	$118.3M-8.6%	$129.4M+18.7%	$109.0M-3.3%	$112.7M-1.0%	$113.8M
Stock-Based Compensation	N/A	$21.9M+19.7%	$18.3M-2.7%	$18.8M+31.5%	$14.3M+26.5%	$11.3M+66.2%	$6.8M-28.4%	$9.5M-32.1%	$14.0M+37.3%	$10.2M-17.7%	$12.4M-7.5%	$13.4M+5.5%	$12.7M-20.1%	$15.9M+1.9%	$15.6M+40.5%	$11.1M
Capital Expenditures	$112.1M	$109.4M+32.1%	$82.8M-1.2%	$83.8M+12.0%	$74.8M-6.3%	$79.8M+44.0%	$55.4M-22.3%	$71.3M-0.8%	$71.9M-19.8%	$89.7M-13.9%	$104.2M-39.0%	$170.7M-23.4%	$222.9M+4.3%	$213.7M+7.5%	$198.8M+32.0%	$150.6M
Free Cash Flow	$246.7M	$246.1M+33.8%	$184.0M+22.9%	$149.7M+39.1%	$107.6M+0.2%	$107.4M-34.3%	$163.4M+46.7%	$111.4M-15.2%	$131.3M+62.7%	$80.7M+247.0%	-$54.9M-266.4%	$33.0M+334.0%	-$14.1M	$0-100.0%	$21.2M-56.8%	$49.1M
Investing Cash Flow	-$61.7M	-$3.6M+95.5%	-$79.3M-662.5%	-$10.4M-136.9%	$28.2M+302.9%	-$13.9M+90.1%	-$141.1M-58.4%	-$89.1M-128.8%	$309.6M+671.2%	-$54.2M-218.8%	-$17.0M+83.3%	-$101.5M+32.0%	-$149.3M-2.4%	-$145.8M-58.7%	-$91.9M-867.4%	-$9.5M
Financing Cash Flow	-$298.8M	-$319.3M-79.8%	-$177.6M+31.3%	-$258.6M-28.1%	-$201.9M+4.8%	-$212.1M-1671.1%	$13.5M+103.5%	-$384.9M-16.9%	-$329.3M-220.6%	-$102.7M+20.3%	-$128.9M-299.1%	-$32.3M-1078.8%	$3.3M+101.3%	-$263.7M+3.7%	-$273.7M-850.3%	-$28.8M
Dividends Paid	$58.2M	$55.2M+9.1%	$50.6M+7.9%	$46.9M+6.1%	$44.2M+6.8%	$41.4M+5.6%	$39.2M+10.1%	$35.6M+314.0%	$8.6M	N/A	N/A	$1.2M-7.7%	$1.3M-7.1%	$1.4M-99.7%	$507.1M+168933.3%	$300K
Share Buybacks	$213.9M	$128.9M+129.0%	$56.3M-57.3%	$132.0M-20.0%	$165.0M+106.3%	$80.0M+80.2%	$44.4M-66.2%	$131.3M-57.2%	$306.6M+281.3%	$80.4M+83.6%	$43.8M	N/A	N/A	$261.4M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$93.8M+15.0%	$32.1M-21.7%	$110.0M+27.0%	$122.9M+27.4%	$81.6M+42.4%	$41.0M+55.3%	$86.6M+51.7%	$96.5M+17.0%
Depreciation & Amortization	$30.2M-1.0%	$29.7M+1.4%	$30.5M+11.7%	$30.1M+15.3%	$30.5M+19.6%	$29.3M+20.6%	$27.3M+16.7%	$26.1M+15.0%
Stock-Based Compensation	N/A	$3.8M-15.6%	N/A	N/A	N/A	$4.5M+9.8%	N/A	N/A
Capital Expenditures	$24.0M+20.6%	$17.7M-7.3%	$47.8M+66.0%	$22.6M+16.5%	$19.9M0.0%	$19.1M+29.9%	$28.8M+21.5%	$19.4M+4.3%
Free Cash Flow	$69.8M+13.1%	$14.4M-34.2%	$62.2M+7.6%	$100.3M+30.1%	$61.7M+65.0%	$21.9M+87.2%	$57.8M+73.1%	$77.1M+20.7%
Investing Cash Flow	$6.5M-9.7%	-$51.4M-956.7%	-$20.4M-12.7%	$3.6M-82.2%	$7.2M+108.2%	$6.0M+1.7%	-$18.1M-9150.0%	$20.2M+539.1%
Financing Cash Flow	-$101.0M-10.9%	-$13.2M+69.7%	-$67.3M-8.7%	-$117.3M-0.4%	-$91.1M-366.4%	-$43.6M-31.7%	-$61.9M+25.9%	-$116.8M-41.6%
Dividends Paid	$15.5M+12.3%	$14.7M+9.7%	$14.6M+8.1%	$13.4M+9.8%	$13.8M+9.5%	$13.4M+8.9%	$13.5M+8.0%	$12.2M+8.0%
Share Buybacks	$76.8M+152.6%	$60.6M+175.5%	$49.5M+203.7%	$27.0M+80.0%	$30.4M+204.0%	$22.0M+46.7%	$16.3M-53.4%	$15.0M-62.5%

AWI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AWI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	40.6%+0.4pp	40.2%+1.9pp	38.4%+1.9pp	36.4%-0.2pp	36.6%+1.1pp	35.5%-2.5pp	38.1%+3.9pp	34.2%-1.1pp	35.3%-1.4pp	36.7%-1.3pp	38.0%+8.4pp	29.6%+6.1pp	23.5%-1.0pp	24.4%+0.7pp	23.8%
Operating Margin	26.6%+0.7pp	25.9%+0.9pp	25.0%+2.4pp	22.6%-0.9pp	23.5%-3.7pp	27.2%-3.4pp	30.6%+5.0pp	25.6%-1.7pp	27.3%+3.9pp	23.4%+3.9pp	19.5%+4.2pp	15.3%+4.8pp	10.5%-1.2pp	11.7%+2.9pp	8.8%
Net Margin	19.1%+0.7pp	18.3%+1.0pp	17.3%+0.8pp	16.4%-0.1pp	16.6%+27.1pp	-10.6%-31.2pp	20.7%+1.6pp	19.1%+5.7pp	13.4%+0.9pp	12.5%+0.8pp	11.7%+6.8pp	4.9%+1.2pp	3.7%-1.7pp	5.4%+1.3pp	4.1%
Return on Equity	34.3%-0.7pp	35.0%-2.8pp	37.8%-0.1pp	37.9%+2.7pp	35.3%+57.2pp	-22.0%-80.8pp	58.8%-23.5pp	82.3%+51.1pp	31.1%-8.2pp	39.3%+27.1pp	12.3%+2.4pp	9.8%-4.2pp	14.0%-4.3pp	18.3%+8.3pp	10.0%
Return on Assets	16.0%+1.7pp	14.4%+1.0pp	13.4%+1.3pp	12.0%+1.3pp	10.7%+16.5pp	-5.8%-20.1pp	14.4%+4.3pp	10.1%+3.7pp	6.4%+0.4pp	6.0%+2.5pp	3.5%+1.1pp	2.5%-1.0pp	3.5%-1.1pp	4.6%+0.9pp	3.8%
Current Ratio	1.46+0.1x	1.40-0.2x	1.61-0.3x	1.95+0.4x	1.54-0.3x	1.81+0.2x	1.57+0.3x	1.31-1.1x	2.40+0.6x	1.81-0.2x	2.02-0.1x	2.09-0.1x	2.15-0.5x	2.65-0.5x	3.13
Debt-to-Equity	0.44-0.2x	0.66-0.3x	0.95-0.3x	1.22+0.1x	1.17-0.4x	1.53-0.1x	1.66-1.7x	3.38+1.3x	2.13-1.1x	3.19+2.0x	1.22-0.3x	1.550.0x	1.55+0.1x	1.44+0.7x	0.73
Asset Turnover	0.84+0.1x	0.780.0x	0.770.0x	0.73+0.1x	0.65+0.1x	0.55-0.2x	0.70+0.2x	0.53+0.1x	0.480.0x	0.48+0.2x	0.30-0.2x	0.50-0.4x	0.93+0.1x	0.85-0.1x	0.91
FCF Margin	15.2%+2.4pp	12.7%+1.2pp	11.6%+2.8pp	8.7%-1.0pp	9.7%-7.7pp	17.4%+6.7pp	10.7%-2.7pp	13.5%+4.4pp	9.0%+15.6pp	-6.6%-10.7pp	4.1%+5.2pp	-1.1%-1.1pp	0.0%-0.9pp	0.9%-0.9pp	1.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	41.3%-0.1pp	37.9%-1.3pp	39.8%+0.6pp	42.0%-0.5pp	41.4%+0.5pp	39.2%+1.1pp	39.1%+0.9pp	42.4%+1.7pp
Operating Margin	28.3%-0.7pp	23.0%-2.8pp	23.7%+1.4pp	27.6%-1.2pp	29.0%+3.0pp	25.7%-0.7pp	22.3%+1.0pp	28.8%-0.1pp
Net Margin	20.5%-0.2pp	16.3%-1.8pp	16.9%-0.1pp	20.3%+0.4pp	20.7%+2.6pp	18.1%-0.3pp	16.9%+1.9pp	19.9%-0.1pp
Return on Equity	10.9%+0.5pp	7.5%-1.2pp	7.3%-0.9pp	9.7%-1.0pp	10.5%+0.6pp	8.7%-0.9pp	8.2%+0.3pp	10.7%-1.1pp
Return on Assets	4.8%+0.1pp	3.4%-0.4pp	3.4%0.0pp	4.6%+0.3pp	4.7%+1.1pp	3.7%+0.2pp	3.4%+0.6pp	4.3%+0.2pp
Current Ratio	1.52-0.1x	1.54-0.1x	1.46+0.1x	1.52-0.1x	1.61-0.1x	1.60-0.2x	1.40-0.2x	1.64-0.2x
Debt-to-Equity	0.540.0x	0.53-0.1x	0.44-0.2x	0.43-0.3x	0.55-0.4x	0.63-0.3x	0.66-0.3x	0.74-0.3x
Asset Turnover	0.240.0x	0.210.0x	0.200.0x	0.220.0x	0.230.0x	0.210.0x	0.200.0x	0.210.0x
FCF Margin	14.8%+0.3pp	3.5%-2.2pp	16.0%+0.3pp	23.6%+3.7pp	14.5%+4.3pp	5.7%+2.1pp	15.7%+5.0pp	19.9%+1.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Armstrong World Industries, Inc. AWI	FY2025	$1.6B	$308.7M	19.1%	$6.9B	72/100
SPX Technologies, Inc. SPXC	FY2025	$2.3B	$244.0M	10.8%	$8.6B	70/100
Louisiana-Pacific Corp. LPX	FY2025	$2.7B	$146.0M	5.4%	$4.7B	62/100
Aaon Inc AAON	FY2025	$1.4B	$107.6M	7.5%	$7.1B	58/100
Trex Company, Inc. TREX	FY2025	$1.2B	$190.4M	16.2%	$4.6B	63/100

Where Armstrong World Industries, Inc. Ranks

Frequently Asked Questions

What is Armstrong World Industries, Inc.'s annual revenue?

Armstrong World Industries, Inc. (AWI) reported $1.6B in total revenue for fiscal year 2025. This represents a 12.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Armstrong World Industries, Inc.'s revenue growing?

Armstrong World Industries, Inc. (AWI) revenue grew by 12.1% year-over-year, from $1.4B to $1.6B in fiscal year 2025.

Is Armstrong World Industries, Inc. profitable?

Yes, Armstrong World Industries, Inc. (AWI) reported a net income of $308.7M in fiscal year 2025, with a net profit margin of 19.1%.

What is Armstrong World Industries, Inc.'s EBITDA?

Armstrong World Industries, Inc. (AWI) had EBITDA of $551.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Armstrong World Industries, Inc. have?

As of fiscal year 2025, Armstrong World Industries, Inc. (AWI) had $112.7M in cash and equivalents against $396.4M in long-term debt.

What is Armstrong World Industries, Inc.'s gross margin?

Armstrong World Industries, Inc. (AWI) had a gross margin of 40.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Armstrong World Industries, Inc.'s operating margin?

Armstrong World Industries, Inc. (AWI) had an operating margin of 26.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Armstrong World Industries, Inc.'s net profit margin?

Armstrong World Industries, Inc. (AWI) had a net profit margin of 19.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Armstrong World Industries, Inc. pay dividends?

Yes, Armstrong World Industries, Inc. (AWI) paid $1.26 per share in dividends during fiscal year 2025.

What is Armstrong World Industries, Inc.'s return on equity (ROE)?

Armstrong World Industries, Inc. (AWI) has a return on equity of 34.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Armstrong World Industries, Inc.'s free cash flow?

Armstrong World Industries, Inc. (AWI) generated $246.1M in free cash flow during fiscal year 2025. This represents a 33.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Armstrong World Industries, Inc.'s operating cash flow?

Armstrong World Industries, Inc. (AWI) generated $355.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Armstrong World Industries, Inc.'s total assets?

Armstrong World Industries, Inc. (AWI) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Armstrong World Industries, Inc.'s capital expenditures?

Armstrong World Industries, Inc. (AWI) invested $109.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Armstrong World Industries, Inc. spend on research and development?

Armstrong World Industries, Inc. (AWI) invested $16.4M in research and development during fiscal year 2025.

Does Armstrong World Industries, Inc. buy back shares?

Yes, Armstrong World Industries, Inc. (AWI) spent $128.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Armstrong World Industries, Inc. have outstanding?

Armstrong World Industries, Inc. (AWI) had 43M shares outstanding as of fiscal year 2025.

What is Armstrong World Industries, Inc.'s current ratio?

Armstrong World Industries, Inc. (AWI) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.

What is Armstrong World Industries, Inc.'s debt-to-equity ratio?

Armstrong World Industries, Inc. (AWI) had a debt-to-equity ratio of 0.44 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Armstrong World Industries, Inc.'s return on assets (ROA)?

Armstrong World Industries, Inc. (AWI) had a return on assets of 16.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Armstrong World Industries, Inc.'s P/E ratio?

Armstrong World Industries, Inc. (AWI) trades at 21.9x earnings, its market capitalization divided by net income of $315.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $6.9B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Armstrong World Industries, Inc.'s price-to-sales ratio?

Armstrong World Industries, Inc. (AWI) trades at 4.1x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.9B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Armstrong World Industries, Inc.'s Altman Z-Score?

Armstrong World Industries, Inc. (AWI) has an Altman Z-Score of 7.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Armstrong World Industries, Inc.'s Piotroski F-Score?

Armstrong World Industries, Inc. (AWI) has a Piotroski F-Score of 9 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Armstrong World Industries, Inc.'s earnings high quality?

Armstrong World Industries, Inc. (AWI) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Armstrong World Industries, Inc. cover its interest payments?

Armstrong World Industries, Inc. (AWI) has an interest coverage ratio of 13.06x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Armstrong World Industries, Inc.?

Armstrong World Industries, Inc. (AWI) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.