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AWIArmstrong World Industries, Inc.
$163.81$6.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
AWI logo

Armstrong World Industries, Inc.

AWI
NYSE · Construction
$163.81
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$6.92B
P/E23.1x
52W High$206.08
Volume329.95K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Revenue Growth Masks CRE Credit Risk

Armstrong World Industries is executing well, with revenue growth accelerating to 11.2% in 2026Q2 and operating margin expanding to 28.3%, driven by favorable mix and pricing power. The balance sheet has strengthened, with debt down to $579.4M from $710.6M a y...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AWI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+20% Peers

P/E is 20% above peer median

03

Market leadership

RS 44 · Lag

Laggard (Underperforming 56% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 11.2% in 2026Q2 with gross margin expanding to 41.3% and operating margin surging to 28.3%, reflecting strong operating leverage and cost discipline.

Analyst Consensus+26.7% target
Buy(27 analysts)
15 Buy11 Hold1 Sell

The Bull Case

Upside Catalysts

Strong revenue growth

Q1 results showed solid revenue growth driven by higher Mineral Fiber unit values and volumes, alongside double-digit sales gains in Architectural Specialties.

Innovative product leadership

The company is a global leader in designing and manufacturing innovative commercial ceiling, suspension system, and wall solutions, redefining smarter and energy-efficient environments.

Leadership transition

A coordinated leadership reshuffle, including a new Executive Chair and CEO, aims to strengthen governance and strategic direction.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AWI-16.27%
S&P 500 (^GSPC)+13.20%
1-Year Return
AWI-15.77%
S&P 500 (^GSPC)+15.98%
3-Year Return
AWI+135.54%
S&P 500 (^GSPC)+84.67%
5-Year Return
AWI+70.46%
S&P 500 (^GSPC)+77.11%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
23.1x
Forward P/EExpansion
19.4x
EV/EBITDA20th %ile
13.3x
FCF YieldCash Flow
3.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
23.1x
23.5x
40th· Fair
EV/EBITDA
13.3x
15.9x
20th· Low
Price/FCF
28.1x
33.8x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$96.58-41.0%
Base (Fair)$163.16+2.2%
Bull$227.32+38.8%
$96.58 Bear$163.16 Base$227.32 Bull
Current Market Price: $163.81
Trades at a 0.4% premium to Base DCF ($163.16)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.62B+12.1% YoY
Net income
$309M+16.5% YoY
Free cash flow
$246M+33.8% YoY
Operating margin
26.6%+7.7 pts YoY
ROIC (TTM)24.9%
Avg ROIC 5Y-
ROE (TTM)37.2%
Piotroski Score9 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
$2.36+4.9%
vs $2.25
$472M+2.2%
vs $462M
Q2 2026
Apr 28, 2026
$1.69-7.1%
vs $1.82
$410M+0.1%
vs $409M
Q1 2026
Feb 24, 2026
$1.61-3.6%
vs $1.67
$388M-3.1%
vs $401M
Q4 2025
Oct 28, 2025
$2.05+3.0%
vs $1.99
$425M+6.1%
vs $401M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·6d ago
Armstrong World Industries Foundation Awards More Than $600,000 in 2026 Better Building Grants

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries Foundation, the philanthropic arm of Armstrong World Industries, Inc. (AWI), today announced its 2026 Better Building Grant recipients, awarding more than $600,000 to 10 nonprofit organizations to support building renovations, facility improvements and essential community services. The grants were presented during the inaugural Armstrong World Industries Community Impact Celebration on Sept. 10 at Armstrong's Lancaster campus, bringing.

Barrons·6d ago
Armstrong World Industries Makes Ceiling Tiles. Its Stock Is Anything but Boring.

Armstrong stock has been hit by concerns about tighter spending in the construction sector. Those worries are overblown.

Defense World·Sep 12, 2026
Amundi Trims Stock Position in Armstrong World Industries, Inc. $AWI

Amundi trimmed its position in Armstrong World Industries, Inc. (NYSE: AWI) by 41.3% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,053 shares of the construction company's stock after selling 66,985 shares during the quarter. Amundi owned about 0.22% of Armstrong

Defense World·Aug 31, 2026
Caisse de depot et placement du Quebec Invests $1.02 Million in Armstrong World Industries, Inc. $AWI

Caisse de depot et placement du Quebec purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE: AWI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,352 shares of the construction company's stock, valued at

Filtered for Armstrong World Industries, Inc.More Headlines
04

Compare before deciding

Benchmark AWI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Armstrong World Industries, Inc. (AWI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AWI logoAWIArmstrong World Industries, Inc.Current
$163.81$6.92B23.1412.11%19.05%37.24%0.77%
TREX logoTREXTrex Company, Inc.
$44.13$4.59B24.791.98%14.68%17.38%—
OC logoOCOwens Corning
$126.66$10.2B-20.23-7.95%-6.8%-16.94%—
MHK logoMHKMohawk Industries, Inc.
$121.23$7.39B20.44-0.48%4.15%5.52%—
TILE logoTILEInterface, Inc.
$35.23$2.05B17.975.41%10.1%18.54%—
AMWD logoAMWDAmerican Woodmark Corporation
$48.09$700.65M7.40-7.47%1.15%1.91%—

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AWI SEC Filings & Documents

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

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 21, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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AWI Frequently Asked Questions

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

Growth & Financials
What is Armstrong World Industries, Inc.'s revenue?

Armstrong World Industries, Inc. (AWI) reported $1.70B in revenue for fiscal year 2025. This represents a 16% decrease from $2.01B in 1996.

How fast is Armstrong World Industries, Inc. growing?

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

Is AWI profitable?

Yes, Armstrong World Industries, Inc. (AWI) is profitable, generating $315.3M in net income for fiscal year 2025 (19.0% net margin).

Dividend & Returns
Does AWI pay dividends?

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

What is AWI's return on equity?

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

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

Armstrong World Industries, Inc. (AWI) generated $255.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in AWI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →