Armstrong World Industries, Inc.(AWI)Earnings, Financials & Key Ratios

AWI•NYSE

$164.38

$7.02B mkt cap·23.2× P/E·Price updated May 6, 2026

SectorIndustrials IndustryConstruction Sub-IndustryInterior finishes and specialty surfaces

AboutArmstrong World Industries, Inc., together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments. The company produces suspended mineral fiber, soft fiber, fiberglass wool, and metal ceiling systems, as well as wood, wood fiber, glass-reinforced-gypsum, and felt ceiling and wall systems; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings and walls for use in commercial settings; and acoustical controls, facades, and partitions. It sells its commercial ceiling and architectural specialties products to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, such as large home centers. The company was incorporated in 1891 and is headquartered in Lancaster, Pennsylvania.Show more

Revenue$1.62B+12.1%
EBITDA$433M+15.1%
Net Income$309M+16.5%
EPS (Diluted)7.08+17.6%
Gross Margin40.64%+1.0%
EBITDA Margin26.73%+2.7%
Operating Margin26.59%+40.7%
Net Margin19.05%+3.9%
ROE37.24%-5.2%
ROIC24.88%+48.2%
Debt/Equity0.59-25.5%
Interest Coverage13.13+51.6%

Technical→

AWI Key Insights

Armstrong World Industries, Inc. (AWI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 38.7%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 15.2% free cash flow margin
✓Strong 5Y sales CAGR of 11.6%
✓Healthy 5Y average net margin of 17.5%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AWI Price & Volume

Armstrong World Industries, Inc. (AWI) stock price & volume — 10-year historical chart

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AWI Growth Metrics

Armstrong World Industries, Inc. (AWI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.82%

5 Years11.59%

3 Years9.54%

TTM9.71%

Profit CAGR

10 Years19.38%

5 Years-

3 Years15.64%

TTM11.78%

EPS CAGR

10 Years15.47%

5 Years-

3 Years18.08%

TTM12.8%

Return on Capital

10 Years14.64%

5 Years17.04%

3 Years20.01%

Last Year26.51%

AWI Recent Earnings

Armstrong World Industries, Inc. (AWI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)

Q2 2026Latest

Apr 28, 2026

EPS

$1.69

Est $1.82

-7.1%

Revenue

$410M

Est $409M

+0.1%

Q1 2026

Feb 24, 2026

EPS

$1.61

Est $1.67

-3.6%

Revenue

$388M

Est $401M

-3.1%

Q4 2025

Oct 28, 2025

EPS

$2.05

Est $1.99

+3.0%

Revenue

$425M

Est $401M

+6.1%

Q3 2025

Jul 29, 2025

EPS

$2.09

Est $1.75

+19.4%

Revenue

$425M

Est $422M

+0.7%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$1.69vs $1.82-7.1%	$410Mvs $409M+0.1%
Q1 2026	Feb 24, 2026	$1.61vs $1.67-3.6%	$388Mvs $401M-3.1%
Q4 2025	Oct 28, 2025	$2.05vs $1.99+3.0%	$425Mvs $401M+6.1%
Q3 2025	Jul 29, 2025	$2.09vs $1.75+19.4%	$425Mvs $422M+0.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
TREXTrex Company, Inc.Direct Competitor	4B	37.59	21.12	1.98%	16.22%	19.16%	3.36%	0.22
OCOwens CorningProduct Competitor	9.86B	122.90	-19.63	-7.95%	-5.16%	-13.38%	9.76%	1.58
MHKMohawk Industries, Inc.Product Competitor	5.96B	97.39	16.42	-0.48%	3.77%	4.96%	10.34%	0.33
TILEInterface, Inc.Product Competitor	1.58B	27.30	13.93	5.41%	8.37%	9.62%	7.7%	0.22
AMWDAmerican Woodmark CorporationProduct Competitor	602.6M	41.36	6.36	-7.47%	1.15%	1.95%	10.9%	0.56
APOGApogee Enterprises, Inc.Product Competitor	769.85M	35.79	14.20	3.21%	3.85%	10.79%	12.36%	0.56
VMCVulcan Materials CompanySupply Chain	37.82B	291.51	35.90	6.94%	13.88%	13.07%	3%	0.63
MLMMartin Marietta Materials, Inc.Supply Chain	36.56B	606.10	32.24	0.12%	38.67%	25.07%	2.68%	0.53

Compare AWI vs Peers

Armstrong World Industries, Inc. (AWI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TREX

Most directly comparable listed peer for AWI.

Scale Benchmark

vs JCI

Larger-name benchmark to compare AWI against a more recognizable public peer.

Peer Set

Compare Top 5

vs TREX, OC, MHK, TILE

AWI Income Statement

Armstrong World Industries, Inc. (AWI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	893.5M	975.3M	1.04B	936.9M	1.11B	1.23B	1.3B	1.45B	1.62B	1.65B
Revenue Growth %	6.89%	9.16%	6.44%	-9.75%	18.11%	11.43%	5.04%	11.62%	12.11%	9.71%
Cost of Goods Sold	574.5M	641.9M	642.4M	603.7M	700.7M	783.8M	798.2M	864.1M	962.1M	983.9M
COGS % of Revenue	64.3%	65.82%	61.88%	64.44%	63.32%	63.56%	61.63%	59.77%	59.36%	-
Gross Profit	319M▲ 0%	333.4M▲ 4.5%	395.7M▲ 18.7%	333.2M▼ 15.8%	405.9M▲ 21.8%	449.3M▲ 10.7%	497M▲ 10.6%	581.6M▲ 17.0%	658.7M▲ 13.3%	664.1M▲ 0%
Gross Margin %	35.7%	34.18%	38.12%	35.56%	36.68%	36.44%	38.37%	40.23%	40.64%	40.3%
Gross Profit Growth %	4.38%	4.51%	18.69%	-15.79%	21.82%	10.69%	10.62%	17.02%	13.26%	-
Operating Expenses	138.6M	159M	155.2M	163.4M	237.7M	237.2M	262.5M	308.5M	227.8M	210.9M
OpEx % of Revenue	15.51%	16.3%	14.95%	17.44%	21.48%	19.24%	20.27%	21.34%	14.05%	-
Selling, General & Admin	121.2M	142.7M	139.8M	148.6M	222.8M	232.81M	257.1M	302M	339.5M	350.2M
SG&A % of Revenue	13.56%	14.63%	13.47%	15.86%	20.13%	18.88%	19.85%	20.89%	20.95%	-
Research & Development	17.4M	16.3M	14.8M	14.7M	14.6M	4.2M	0	0	0	0
R&D % of Revenue	1.95%	1.67%	1.43%	1.57%	1.32%	0.34%	-	-	-	-
Other Operating Expenses	0	0	600K	100K	300K	200K	5.4M	6.5M	-111.7M	-3M
Operating Income	180.4M▲ 0%	174.4M▼ 3.3%	240.5M▲ 37.9%	169.8M▼ 29.4%	168.2M▼ 0.9%	212.1M▲ 26.1%	234.5M▲ 10.6%	273.1M▲ 16.5%	430.9M▲ 57.8%	453.2M▲ 0%
Operating Margin %	20.19%	17.88%	23.17%	18.12%	15.2%	17.2%	18.11%	18.89%	26.59%	27.5%
Operating Income Growth %	20.19%	-3.33%	37.9%	-29.4%	-0.94%	26.1%	10.56%	16.46%	57.78%	-
EBITDA	247.4M	253.8M	312.6M	253.8M	264.7M	295.8M	323.7M	376.3M	433.3M	602.9M
EBITDA Margin %	27.69%	26.02%	30.11%	27.09%	23.92%	23.99%	24.99%	26.03%	26.73%	36.58%
EBITDA Growth %	20.74%	2.59%	23.17%	-18.81%	4.29%	11.75%	9.43%	16.25%	15.15%	52.83%
D&A (Non-Cash Add-back)	67M	79.4M	72.1M	84M	96.5M	83.7M	89.2M	103.2M	0	149.7M
EBIT	256.6M	266.2M	336.4M	-97M	274.1M	284.7M	345.1M	392.4M	433.3M	428.7M
Net Interest Income	-32.7M	-33.3M	-33.8M	-29.4M	-31.3M	-26.6M	-43.3M	-41.5M	-33M	-32.2M
Interest Income	1.8M	4.3M	3.2M	300K	100K	500K	3.5M	3.8M	0	0
Interest Expense	34.5M	37.6M	37M	29.7M	31.4M	27.1M	46.8M	45.3M	33M	32.2M
Other Income/Expense	41.7M	68.3M	58.9M	-296.5M	74.5M	45.5M	63.8M	74M	-30.6M	-55.2M
Pretax Income	222.1M▲ 0%	242.7M▲ 9.3%	299.4M▲ 23.4%	-126.7M▼ 142.3%	242.7M▲ 291.6%	257.6M▲ 6.1%	298.3M▲ 15.8%	347.1M▲ 16.4%	400.3M▲ 15.3%	398M▲ 0%
Pretax Margin %	24.86%	24.88%	28.84%	-13.52%	21.93%	20.89%	23.03%	24.01%	24.7%	24.15%
Income Tax	1.5M	53.1M	57.1M	-42.6M	57.4M	57.7M	74.5M	82.2M	91.6M	91.6M
Effective Tax Rate %	0.68%	21.88%	19.07%	33.62%	23.65%	22.4%	24.97%	23.68%	22.88%	23.02%
Net Income	224.1M▲ 0%	198.6M▼ 11.4%	240M▲ 20.8%	-84.2M▼ 135.1%	185M▲ 319.7%	199.6M▲ 7.9%	223.7M▲ 12.1%	264.9M▲ 18.4%	308.7M▲ 16.5%	306.4M▲ 0%
Net Margin %	25.08%	20.36%	23.12%	-8.99%	16.72%	16.19%	17.27%	18.32%	19.05%	18.59%
Net Income Growth %	151.52%	-11.38%	20.85%	-135.08%	319.72%	7.89%	12.07%	18.42%	16.53%	11.78%
Net Income (Continuing)	220.6M	189.6M	242.3M	-84.1M	185.3M	199.9M	223.8M	264.9M	308.7M	306.4M
Discontinued Operations	4.2M	9.6M	-1.8M	0	-2.1M	3M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	2.21▲ 0%	3.57▲ 61.5%	4.85▲ 35.9%	-1.76▼ 136.3%	3.82▲ 317.0%	4.30▲ 12.6%	4.99▲ 16.0%	6.02▲ 20.6%	7.08▲ 17.6%	7.09▲ 0%
EPS Growth %	18.18%	61.54%	35.85%	-136.29%	317.05%	12.57%	16.05%	20.64%	17.61%	12.8%
EPS (Basic)	2.23	3.62	4.93	-1.76	3.84	4.31	5.00	6.06	7.08	-
Diluted Shares Outstanding	53.9M	52.1M	49.5M	47.9M	47.9M	46.4M	44.8M	44M	43.6M	43.2M
Basic Shares Outstanding	53.3M	51.3M	48.7M	47.9M	47.6M	46.3M	44.7M	43.7M	43.6M	42.8M
Dividend Payout Ratio	-	4.33%	14.83%	-	22.38%	22.14%	20.97%	19.1%	17.88%	-

AWI Balance Sheet

Armstrong World Industries, Inc. (AWI) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	648.9M	752.8M	244.4M	311.8M	321.9M	356.5M	313M	348.9M	391.5M	402.4M
Cash & Short-Term Investments	159.6M	325.7M	45.3M	136.9M	98.1M	106M	70.8M	79.3M	112.7M	79.8M
Cash Only	159.6M	325.7M	45.3M	136.9M	98.1M	106M	70.8M	79.3M	112.7M	79.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	121.5M	81.6M	115.1M	80.6M	110.5M	114.2M	111.8M	138.3M	130.3M	165.6M
Days Sales Outstanding	49.63	30.54	40.47	31.4	36.45	33.8	31.51	34.92	29.34	34.15
Inventory	53.8M	61.2M	68.5M	81.5M	90.2M	110M	104M	109.8M	124.6M	129.5M
Days Inventory Outstanding	34.18	34.8	38.92	49.28	46.99	51.22	47.56	46.38	47.27	45.82
Other Current Assets	306.9M	245M	8M	800K	5.9M	9.7M	10.5M	1.7M	1.4M	4.1M
Total Non-Current Assets	1.22B	1.12B	1.25B	1.41B	1.39B	1.33B	1.36B	1.49B	1.53B	1.58B
Property, Plant & Equipment	499.9M	501M	559.9M	529.9M	582.2M	589.2M	618.2M	670M	630.7M	710.9M
Fixed Asset Turnover	1.79x	1.95x	1.85x	1.77x	1.90x	2.09x	2.10x	2.16x	2.57x	2.45x
Goodwill	11.3M	19.2M	53M	160.7M	167M	167.3M	175.5M	203.2M	217.8M	256.7M
Intangible Assets	429.8M	422.8M	411.9M	457.9M	421.4M	407.7M	412.4M	455M	425.2M	437.7M
Long-Term Investments	107.3M	40.8M	59.8M	50.8M	59.7M	31.6M	25.7M	27.2M	41.1M	157.7M
Other Non-Current Assets	156.7M	122.1M	153.9M	876.8M	157.8M	134.9M	127.6M	138.4M	218.4M	624.4M
Total Assets	1.87B▲ 0%	1.87B▲ 0.0%	1.49B▼ 20.3%	1.72B▲ 15.1%	1.71B▼ 0.5%	1.69B▼ 1.3%	1.67B▼ 0.9%	1.84B▲ 10.2%	1.92B▲ 4.4%	1.99B▲ 0%
Asset Turnover	0.48x	0.52x	0.70x	0.55x	0.65x	0.73x	0.77x	0.78x	0.84x	0.86x
Asset Growth %	6.57%	0%	-20.29%	15.08%	-0.49%	-1.33%	-0.88%	10.18%	4.45%	18.79%
Total Current Liabilities	269.9M	549.5M	155.2M	172.3M	209.6M	182.7M	194.5M	249.7M	267.4M	262.1M
Accounts Payable	67.6M	82.2M	79.4M	81.3M	105.8M	105M	91M	132.4M	123.6M	118.8M
Days Payables Outstanding	42.95	46.74	45.11	49.15	55.11	48.9	41.61	55.93	46.89	41.42
Short-Term Debt	32.5M	55M	11.5M	25M	25M	0	22.5M	22.5M	27.1M	10.3M
Deferred Revenue (Current)	41.3M	237.6M	0	0	0	0	2.3M	0	0	69.1M
Other Current Liabilities	140.2M	381.9M	37.1M	38.5M	40.2M	29.9M	25M	49.6M	113.5M	25.6M
Current Ratio	2.40x	1.37x	1.57x	1.81x	1.54x	1.95x	1.61x	1.40x	1.46x	1.46x
Quick Ratio	2.20x	1.26x	1.13x	1.34x	1.11x	1.35x	1.07x	0.96x	1.00x	1.00x
Cash Conversion Cycle	40.87	18.6	34.28	31.52	28.32	36.13	37.45	25.37	29.72	38.54
Total Non-Current Liabilities	1.18B	1.06B	973.2M	1.1B	980.7M	969.5M	886.1M	835.9M	756.6M	830.9M
Long-Term Debt	817.7M	764.8M	604.5M	690.5M	606.4M	651.1M	564.3M	502.6M	434.3M	469M
Capital Lease Obligations	0	0	30.1M	33.4M	32.4M	27.8M	43.8M	62.9M	70.4M	134.3M
Deferred Tax Liabilities	141.7M	124.4M	163.9M	158.4M	166.9M	169.3M	166.9M	167.1M	192.8M	738.6M
Other Non-Current Liabilities	224.9M	173.6M	174.7M	213M	175M	121.3M	111.1M	103.3M	59.1M	1.18B
Total Liabilities	1.45B	1.61B	1.13B	1.27B	1.19B	1.15B	1.08B	1.09B	1.02B	1.09B
Total Debt	850.2M	819.8M	646.1M	755.7M	671.6M	687M	640.4M	599.9M	531.8M	569M
Net Debt	690.6M	494.1M	600.8M	618.8M	573.5M	581M	569.6M	520.6M	419.1M	489.2M
Debt / Equity	2.03x	3.14x	1.77x	1.68x	1.29x	1.28x	1.08x	0.79x	0.59x	0.59x
Debt / EBITDA	3.44x	3.23x	2.07x	2.98x	2.54x	2.32x	1.98x	1.59x	1.23x	0.94x
Net Debt / EBITDA	2.79x	1.95x	1.92x	2.44x	2.17x	1.96x	1.76x	1.38x	0.97x	0.97x
Interest Coverage	7.44x	7.08x	9.09x	-3.27x	8.73x	10.51x	7.37x	8.66x	13.13x	13.31x
Total Equity	419.3M▲ 0%	261.2M▼ 37.7%	364.9M▲ 39.7%	450.9M▲ 23.6%	519.7M▲ 15.3%	535M▲ 2.9%	591.8M▲ 10.6%	757.1M▲ 27.9%	900.7M▲ 19.0%	892.9M▲ 0%
Equity Growth %	57.39%	-37.71%	39.7%	23.57%	15.26%	2.94%	10.62%	27.93%	18.97%	80.76%
Book Value per Share	7.78	5.01	7.37	9.41	10.85	11.53	13.21	17.21	20.66	20.67
Total Shareholders' Equity	419.3M	261.2M	364.9M	450.9M	519.7M	535M	591.8M	757.1M	900.7M	892.9M
Common Stock	600K	600K	600K	600K	600K	600K	600K	600K	600K	600K
Retained Earnings	633.4M	865M	1.01B	869.8M	1.01B	1.17B	1.35B	1.56B	1.81B	1.87B
Treasury Stock	-385.6M	-692.2M	-823.5M	-863.9M	-944M	-1.11B	-1.24B	-1.3B	-1.43B	-1.49B
Accumulated OCI	-345.9M	-459.6M	-376.1M	-109.3M	-109.6M	-100.1M	-104.7M	-110.2M	-103.1M	-102.1M
Minority Interest	0	0	0	0	0	0	0	0	0	0

AWI Cash Flow Statement

Armstrong World Industries, Inc. (AWI) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	170.4M	203.2M	182.7M	218.8M	187.2M	182.4M	233.5M	266.8M	355.5M	355.5M
Operating CF Margin %	19.07%	20.83%	17.6%	23.35%	16.92%	14.79%	18.03%	18.45%	21.93%	-
Operating CF Growth %	245.64%	19.25%	-10.09%	19.76%	-14.44%	-2.56%	28.02%	14.26%	33.25%	75.08%
Net Income	154.8M	185.9M	214.5M	-99.1M	183.2M	202.9M	223.8M	264.9M	308.7M	306.4M
Depreciation & Amortization	89.2M	79.4M	72.1M	84M	96.5M	83.7M	89.2M	103.2M	120.4M	120.4M
Stock-Based Compensation	10.2M	14M	9.5M	6.8M	11.3M	14.3M	18.8M	18.3M	0	21.6M
Deferred Taxes	-12.3M	-3.8M	14M	-89.3M	8.7M	-1.6M	-800K	200K	24.1M	18.8M
Other Non-Cash Items	2.2M	-79M	-67.7M	300M	-90.4M	-67.6M	-94.7M	-101.3M	-88.8M	-32.5M
Working Capital Changes	-73.7M	6.7M	-59.7M	16.4M	-22.1M	-49.3M	-2.8M	-18.5M	-8.9M	-88.1M
Change in Receivables	-37.1M	30.1M	-1.1M	12.7M	-30.9M	-12.4M	-1.6M	-24.6M	-7.5M	-70.6M
Change in Inventory	3.6M	-8.9M	-7.2M	-7.7M	-10.6M	-19.7M	6.1M	1.9M	-12.8M	-17.1M
Change in Payables	-20M	5.4M	-19.9M	-11.8M	38.6M	-1.8M	8M	27.3M	28.4M	-22.8M
Cash from Investing	-54.2M	309.6M	-89.1M	-141.1M	-13.9M	28.2M	-10.4M	-79.3M	-3.6M	-61M
Capital Expenditures	-89.7M	-71.9M	-71.3M	-55.4M	-79.8M	-74.8M	-83.8M	-82.8M	-109.4M	-81.5M
CapEx % of Revenue	10.04%	7.37%	6.87%	5.91%	7.21%	6.07%	6.47%	5.73%	6.75%	-
Acquisitions	37.9M	379.5M	28.8M	-109M	77.6M	101.7M	-26.5M	-123.5M	-13.9M	25.3M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.4M	2M	-46.6M	-32.3M	-11.7M	1.3M	99.9M	127M	6.7M	-4.8M
Cash from Financing	-102.7M	-329.3M	-384.9M	13.5M	-212.1M	-201.9M	-258.6M	-177.6M	-319.3M	-288.9M
Debt Issued (Net)	-25M	-32.5M	-210.4M	101.9M	-87.1M	19.1M	-67.7M	-65.8M	-125.3M	-50.2M
Equity Issued (Net)	-77.1M	-306.6M	53.7M	-44.4M	-80M	-165M	-132M	-59.9M	-128.9M	-175.6M
Dividends Paid	0	-8.6M	-35.6M	-39.2M	-41.4M	-44.2M	-46.9M	-50.6M	-55.2M	-56.5M
Share Repurchases	-80.4M	-306.6M	-131.3M	-44.4M	-80M	-165M	-132M	-59.9M	-128.9M	-175.6M
Other Financing	-600K	18.4M	-192.6M	-4.8M	-3.6M	-11.8M	-12M	-1.3M	-9.9M	-6.6M
Net Change in Cash	17.7M▲ 0%	176.1M▲ 894.9%	-290.4M▼ 264.9%	91.6M▲ 131.5%	-38.8M▼ 142.4%	7.9M▲ 120.4%	-35.2M▼ 545.6%	8.5M▲ 124.1%	33.4M▲ 292.9%	-3M▲ 0%
Free Cash Flow	80.7M▲ 0%	131.3M▲ 62.7%	111.4M▼ 15.2%	163.4M▲ 46.7%	107.4M▼ 34.3%	107.6M▲ 0.2%	149.7M▲ 39.1%	184M▲ 22.9%	246.1M▲ 33.8%	247.4M▲ 0%
FCF Margin %	9.03%	13.46%	10.73%	17.44%	9.71%	8.73%	11.56%	12.73%	15.18%	15.01%
FCF Growth %	246.99%	62.7%	-15.16%	46.68%	-34.27%	0.19%	39.13%	22.91%	33.75%	27.39%
FCF per Share	1.50	2.52	2.25	3.41	2.24	2.32	3.34	4.18	5.64	5.64
FCF Conversion (FCF/Net Income)	0.76x	1.02x	0.76x	-2.60x	1.01x	0.91x	1.04x	1.01x	1.15x	0.81x
Interest Paid	30.7M	29.9M	33.1M	24.1M	21.5M	26.9M	33.9M	37.4M	0	21.4M
Taxes Paid	32.1M	51.6M	58.4M	10.9M	52.5M	63.2M	72.1M	87.6M	0	55.5M

AWI Key Ratios

Armstrong World Industries, Inc. (AWI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	65.36%	58.37%	76.67%	-20.64%	38.12%	37.85%	39.71%	39.28%	37.24%	34.81%
Return on Invested Capital (ROIC)	12.84%	14.03%	20.96%	12.51%	11.66%	14.4%	15.45%	16.8%	24.88%	24.88%
Gross Margin	35.7%	34.18%	38.12%	35.56%	36.68%	36.44%	38.37%	40.23%	40.64%	40.3%
Net Margin	25.08%	20.36%	23.12%	-8.99%	16.72%	16.19%	17.27%	18.32%	19.05%	18.59%
Debt / Equity	2.03x	3.14x	1.77x	1.68x	1.29x	1.28x	1.08x	0.79x	0.59x	0.59x
Interest Coverage	7.44x	7.08x	9.09x	-3.27x	8.73x	10.51x	7.37x	8.66x	13.13x	13.31x
FCF Conversion	0.76x	1.02x	0.76x	-2.60x	1.01x	0.91x	1.04x	1.01x	1.15x	0.81x
Revenue Growth	6.89%	9.16%	6.44%	-9.75%	18.11%	11.43%	5.04%	11.62%	12.11%	9.71%

AWI SEC Filings & Documents

Armstrong World Industries, Inc. (AWI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Apr 24, 2026·SEC

Material company update

Mar 2, 2026·SEC

10-K Annual Reports

FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

AWI Frequently Asked Questions

Armstrong World Industries, Inc. (AWI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Armstrong World Industries, Inc. (AWI) reported $1.65B in revenue for fiscal year 2025. This represents a 18% decrease from $2.01B in 1996.

Armstrong World Industries, Inc. (AWI) grew revenue by 12.1% over the past year. This is steady growth.

Yes, Armstrong World Industries, Inc. (AWI) is profitable, generating $306.4M in net income for fiscal year 2025 (19.0% net margin).

Dividend & Returns

Yes, Armstrong World Industries, Inc. (AWI) pays a dividend with a yield of 0.77%. This makes it attractive for income-focused investors.

Armstrong World Industries, Inc. (AWI) has a return on equity (ROE) of 37.2%. This is excellent, indicating efficient use of shareholder capital.

Armstrong World Industries, Inc. (AWI) generated $247.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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