Armstrong World Inds Inc Financials
Armstrong World Inds 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).
Operating leverage and cash conversion are strengthening while debt reduction reshapes the balance sheet.
Operating margin widened from25.0% in FY2023 to26.6% in FY2025; operating costs absorbed growth more slowly than sales. Free-cash-flow margin rose from11.6% to15.2% over the same span; cash generation is improving faster than reported sales, strengthening earnings quality.
In FY2025, operating cash flow was
Debt-to-equity fell from 1.0x in FY2023 to 0.4x in FY2025, as the equity base expanded through retained earnings. Liabilities also declined from
Financial Health Signals
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 Inds 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.
Armstrong World Inds 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.
Armstrong World Inds 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.
Armstrong World Inds Inc has a moderate D/E ratio of 0.44. This balance of debt and equity financing earns a leverage score of 59/100.
Armstrong World Inds Inc's current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
Armstrong World Inds Inc converts 15.2% of revenue into free cash flow ($246.1M). This strong cash generation earns a score of 77/100.
Armstrong World Inds 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 92/100. This is down from 35.0% the prior year.
Armstrong World Inds Inc scores 7.31, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.4B) 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.
Armstrong World Inds 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.
For every $1 of reported earnings, Armstrong World Inds 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.
Armstrong World Inds 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
Earnings & Revenue
Armstrong World Inds Inc generated $1.6B in revenue in fiscal year 2025. This represents an increase of 12.1% from the prior year.
Armstrong World Inds Inc's EBITDA was $551.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.5% from the prior year.
Armstrong World Inds Inc reported $308.7M in net income in fiscal year 2025. This represents an increase of 16.5% from the prior year.
Armstrong World Inds Inc earned $7.08 per diluted share (EPS) in fiscal year 2025. This represents an increase of 17.6% from the prior year.
Cash & Balance Sheet
Armstrong World Inds Inc generated $246.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 33.8% from the prior year.
Armstrong World Inds Inc held $112.7M in cash against $396.4M in long-term debt as of fiscal year 2025.
Armstrong World Inds Inc paid $1.26 per share in dividends in fiscal year 2025. This represents an increase of 10.0% from the prior year.
Margins & Returns
Armstrong World Inds Inc's gross margin was 40.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Armstrong World Inds Inc's operating margin was 26.6% in fiscal year 2025, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Armstrong World Inds Inc's net profit margin was 19.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Armstrong World Inds Inc's ROE was 34.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.
Capital Allocation
Armstrong World Inds Inc invested $16.4M in research and development in fiscal year 2025. This represents an increase of 4.5% from the prior year.
Armstrong World Inds Inc spent $128.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 129.0% from the prior year.
Armstrong World Inds Inc invested $109.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 32.1% from the prior year.
AWI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $472.0M+15.2% | $409.9M+5.6% | $388.3M-8.7% | $425.2M+0.1% | $424.6M+10.9% | $382.7M+4.1% | $367.7M-4.9% | $386.6M |
| Cost of Revenue | $277.0M+8.8% | $254.6M+8.9% | $233.8M-5.2% | $246.7M-0.8% | $248.8M+6.9% | $232.8M+4.0% | $223.8M+0.6% | $222.5M |
| Gross Profit | $195.0M+25.6% | $155.3M+0.5% | $154.5M-13.4% | $178.5M+1.5% | $175.8M+17.3% | $149.9M+4.2% | $143.9M-12.3% | $164.1M |
| SG&A Expenses | $93.7M+6.0% | $88.4M+1.6% | $87.0M-3.4% | $90.1M+6.8% | $84.4M+8.2% | $78.0M-8.1% | $84.9M+9.4% | $77.6M |
| Operating Income | $133.8M+42.0% | $94.2M+2.4% | $92.0M-21.5% | $117.2M-4.9% | $123.2M+25.1% | $98.5M+20.3% | $81.9M-26.4% | $111.3M |
| Interest Expense | $7.8M+6.8% | $7.3M-5.2% | $7.7M-6.1% | $8.2M-4.7% | $8.6M+1.2% | $8.5M-7.6% | $9.2M-12.4% | $10.5M |
| Income Tax | $30.2M+39.8% | $21.6M+11.9% | $19.3M-16.8% | $23.2M-15.6% | $27.5M+27.3% | $21.6M+56.5% | $13.8M-48.7% | $26.9M |
| Net Income | $96.7M+44.8% | $66.8M+2.0% | $65.5M-24.1% | $86.3M-1.7% | $87.8M+27.1% | $69.1M+11.1% | $62.2M-19.1% | $76.9M |
| EPS (Diluted) | $2.26+45.8% | $1.55+2.0% | $1.52-23.2% | $1.98-1.5% | $2.01+27.2% | $1.58+12.1% | $1.41-19.4% | $1.75 |
Not reported in any period shown, so not listed: R&D Expenses.
AWI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B+1.1% | $2.0B+3.2% | $1.9B+1.7% | $1.9B+1.7% | $1.9B+0.4% | $1.9B+0.6% | $1.8B+2.1% | $1.8B |
| Current Assets | $425.3M+5.7% | $402.4M+2.8% | $391.5M-1.1% | $395.7M+5.4% | $375.6M+1.1% | $371.5M+6.5% | $348.9M-2.5% | $357.7M |
| Cash & Equivalents | $78.6M-1.5% | $79.8M-29.2% | $112.7M+25.1% | $90.1M+11.1% | $81.1M-2.1% | $82.8M+4.4% | $79.3M+7.6% | $73.7M |
| Inventory | $127.4M-1.6% | $129.5M+3.9% | $124.6M+0.9% | $123.5M+6.1% | $116.4M-0.6% | $117.1M+6.6% | $109.8M-5.3% | $116.0M |
| Goodwill | $259.2M+1.0% | $256.7M+17.9% | $217.8M+1.6% | $214.4M+2.8% | $208.5M-0.7% | $210.0M+3.3% | $203.2M+4.4% | $194.7M |
| Total Liabilities | $1.1B+2.7% | $1.1B+6.7% | $1.0B+2.0% | $1.0B-2.0% | $1.0B-3.5% | $1.1B-2.3% | $1.1B-0.1% | $1.1B |
| Current Liabilities | $280.0M+6.8% | $262.1M-2.0% | $267.4M+2.4% | $261.1M+12.1% | $232.9M+0.6% | $231.6M-7.2% | $249.7M+14.3% | $218.4M |
| Long-Term Debt | $481.7M+2.7% | $469.0M+18.3% | $396.4M+2.6% | $386.4M-16.3% | $461.8M-7.1% | $497.2M-1.1% | $502.6M-5.7% | $533.1M |
| Total Equity | $884.3M-1.0% | $892.9M-0.9% | $900.7M+1.3% | $889.2M+6.1% | $837.8M+5.6% | $793.4M+4.8% | $757.1M+5.6% | $717.0M |
| Retained Earnings | $1.9B+4.4% | $1.9B+2.9% | $1.8B+2.9% | $1.8B+4.3% | $1.7B+4.6% | $1.6B+3.6% | $1.6B+3.2% | $1.5B |
Not reported in any period shown, so not listed: Accounts Receivable.
AWI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $93.8M+192.2% | $32.1M-70.8% | $110.0M-10.5% | $122.9M+50.6% | $81.6M+99.0% | $41.0M-52.7% | $86.6M-10.3% | $96.5M |
| Capital Expenditures | $24.0M+35.6% | $17.7M-63.0% | $47.8M+111.5% | $22.6M+13.6% | $19.9M+4.2% | $19.1M-33.7% | $28.8M+48.5% | $19.4M |
| Free Cash Flow | $69.8M+384.7% | $14.4M-76.8% | $62.2M-38.0% | $100.3M+62.6% | $61.7M+181.7% | $21.9M-62.1% | $57.8M-25.0% | $77.1M |
| Investing Cash Flow | $6.5M+112.6% | -$51.4M-152.0% | -$20.4M-666.7% | $3.6M-50.0% | $7.2M+20.0% | $6.0M+133.1% | -$18.1M-189.6% | $20.2M |
| Financing Cash Flow | -$101.0M-665.2% | -$13.2M+80.4% | -$67.3M+42.6% | -$117.3M-28.8% | -$91.1M-108.9% | -$43.6M+29.6% | -$61.9M+47.0% | -$116.8M |
| Dividends Paid | $15.5M+5.4% | $14.7M+0.7% | $14.6M+9.0% | $13.4M-2.9% | $13.8M+3.0% | $13.4M-0.7% | $13.5M+10.7% | $12.2M |
| Share Buybacks | $76.8M+26.7% | $60.6M+22.4% | $49.5M+83.3% | $27.0M-11.2% | $30.4M+38.2% | $22.0M+35.0% | $16.3M+8.7% | $15.0M |
AWI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.3%+3.4pp | 37.9%-1.9pp | 39.8%-2.2pp | 42.0%+0.6pp | 41.4%+2.2pp | 39.2%0.0pp | 39.1%-3.3pp | 42.4% |
| Operating Margin | 28.3%+5.4pp | 23.0%-0.7pp | 23.7%-3.9pp | 27.6%-1.5pp | 29.0%+3.3pp | 25.7%+3.5pp | 22.3%-6.5pp | 28.8% |
| Net Margin | 20.5%+4.2pp | 16.3%-0.6pp | 16.9%-3.4pp | 20.3%-0.4pp | 20.7%+2.6pp | 18.1%+1.1pp | 16.9%-3.0pp | 19.9% |
| Return on Equity | 10.9%+3.5pp | 7.5%+0.2pp | 7.3%-2.4pp | 9.7%-0.8pp | 10.5%+1.8pp | 8.7%+0.5pp | 8.2%-2.5pp | 10.7% |
| Return on Assets | 4.8%+1.5pp | 3.4%0.0pp | 3.4%-1.2pp | 4.6%-0.2pp | 4.7%+1.0pp | 3.7%+0.4pp | 3.4%-0.9pp | 4.3% |
| Current Ratio | 1.520.0x | 1.54+0.1x | 1.46-0.1x | 1.52-0.1x | 1.610.0x | 1.60+0.2x | 1.40-0.2x | 1.64 |
| Debt-to-Equity | 0.540.0x | 0.53+0.1x | 0.440.0x | 0.43-0.1x | 0.55-0.1x | 0.630.0x | 0.66-0.1x | 0.74 |
| FCF Margin | 14.8%+11.3pp | 3.5%-12.5pp | 16.0%-7.6pp | 23.6%+9.1pp | 14.5%+8.8pp | 5.7%-10.0pp | 15.7%-4.2pp | 19.9% |
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Where Armstrong World Inds Inc Ranks
Frequently Asked Questions
What is Armstrong World Inds Inc's annual revenue?
Armstrong World Inds 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 Inds Inc's revenue growing?
Armstrong World Inds Inc (AWI) revenue grew by 12.1% year-over-year, from $1.4B to $1.6B in fiscal year 2025.
Is Armstrong World Inds Inc profitable?
Yes, Armstrong World Inds 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 Inds Inc's EBITDA?
Armstrong World Inds 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 Inds Inc have?
As of fiscal year 2025, Armstrong World Inds Inc (AWI) had $112.7M in cash and equivalents against $396.4M in long-term debt.
What is Armstrong World Inds Inc's gross margin?
Armstrong World Inds 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 Inds Inc's operating margin?
Armstrong World Inds 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 Inds Inc's net profit margin?
Armstrong World Inds 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 Inds Inc pay dividends?
Yes, Armstrong World Inds Inc (AWI) paid $1.26 per share in dividends during fiscal year 2025.
What is Armstrong World Inds Inc's return on equity (ROE)?
Armstrong World Inds 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 Inds Inc's free cash flow?
Armstrong World Inds 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 Inds Inc's operating cash flow?
Armstrong World Inds Inc (AWI) generated $355.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Armstrong World Inds Inc's total assets?
Armstrong World Inds Inc (AWI) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Armstrong World Inds Inc's capital expenditures?
Armstrong World Inds Inc (AWI) invested $109.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Armstrong World Inds Inc spend on research and development?
Armstrong World Inds Inc (AWI) invested $16.4M in research and development during fiscal year 2025.
What is Armstrong World Inds Inc's current ratio?
Armstrong World Inds Inc (AWI) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.
What is Armstrong World Inds Inc's debt-to-equity ratio?
Armstrong World Inds 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 Inds Inc's return on assets (ROA)?
Armstrong World Inds 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 Inds Inc's Altman Z-Score?
Armstrong World Inds Inc (AWI) has an Altman Z-Score of 7.31, 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 Inds Inc's Piotroski F-Score?
Armstrong World Inds 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 Inds Inc's earnings high quality?
Armstrong World Inds 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 Inds Inc cover its interest payments?
Armstrong World Inds 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 Inds Inc?
Armstrong World Inds 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.