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AWIArmstrong World Industries, Inc.
$171.23$7.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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AWI logo

Armstrong World Industries, Inc.

AWI
NYSE · Building Products & HVAC
$171.23
At close - Nov 6, 4:00 PM EST - USD
Market Cap$7.24B
P/E22.6x
52W High$206.05
Volume501.5K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Mineral Fiber Strength Offsets Decelerating Revenue Growth

Armstrong World Industries appears to be executing a high-quality but decelerating growth profile, with revenue reaching a series high of $475.8M in 2026Q3 while year-over-year growth cooled to 11.9% from 17.7% in 2024Q4 — a moderation that reflects a normalizing comparison base rather than demand contraction, per…

GrowthDecelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsNeutral
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

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+44% Peers

P/E is 44% above peer median

03

Market leadership

RS 66 · Avg

Average momentum (RS Rating: 66)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Jan 27
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 scaled to a period high of $475.8M in 2026Q3 with a 27.6% operating margin, though growth decelerated for four consecutive quarters from 17.7% to 11.9% and gross margin slipped sequentially from 41.3% to 40.1%, suggesting input cost pass-through timing rather than structural pricing erosion.

Analyst Consensus+23.2% 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 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AWI-12.31%
S&P 500 (^GSPC)+7.63%
1-Year Return
AWI-7.55%
S&P 500 (^GSPC)+9.69%
3-Year Return
AWI+119.25%
S&P 500 (^GSPC)+69.49%
5-Year Return
AWI+56.28%
S&P 500 (^GSPC)+57.41%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
22.6x
Forward P/EExpansion
20.6x
EV/EBITDA0th %ile
12.1x
FCF YieldCash Flow
3.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
22.6x
23.5x
40th· Fair
EV/EBITDA
12.1x
15.4x
0th· Low
Price/FCF
31.9x
33.8x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$100.92-41.1%
Base (Fair)$170.92-0.2%
Bull$241.11+40.8%
$100.92 Bear$170.92 Base$241.11 Bull
Current Market Price: $171.23
Trades at a 0.2% premium to Base DCF ($170.92)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.62B+12.1% YoY
Net income FY25
$309M+16.5% YoY
Free cash flow FY25
$246M+33.8% YoY
Operating margin FY25
26.6%+0.7 pts YoY
ROIC (FY25)24.9%
Avg ROIC 5Y17.9%
ROE (TTM)35.9%
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 Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
$2.26-5.4%
vs $2.39
$476M+0.7%
vs $473M
Q3 2026
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
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 26, 2026
Baron Real Estate Fund Q3 2026 Portfolio Activity

Shares of Airbnb, Inc. performed well in the quarter following strong second quarter results that exceeded expectations and a confident outlook for sustained growth acceleration. Shares of Mohawk contributed to performance this quarter, driven by optimism around the company's leadership transition as well as strong second quarter earnings results. Following strong share price performance in the first six months of 2026 when its shares gained 38% through June 30, 2026, the shares of PENN Entertainment, Inc. detracted from performance during the quarter amid broad weakness in gaming stocks.

Seeking Alpha·Oct 24, 2026
Dividend Champion, Contender, And Challenger Highlights: Week October 25

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies that changed their dividends. Companies with upcoming ex-dividend dates.

Business Wire·Oct 21, 2026
Armstrong World Industries Announces Increase in Quarterly Dividend

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has approved a 10% increase in the company's quarterly cash dividend to $0.373 per share of common stock. The dividend will be paid on Nov. 19, 2026, to stockholders of record as of the close of busi.

Seeking Alpha·Oct 15, 2026
Armstrong World Industries: Even With Growth, Shares Are Difficult To Justify

Armstrong World Industries is rated 'Hold' as shares appear fairly valued despite recent growth in revenue and profitability. AWI's Q2 saw revenue rise to $472 million and EBITDA to $166 million, with both core segments contributing to expansion through pricing, volume, and acquisitions. End-market diversification—education, healthcare, transportation—provides stability, though office and retail exposure pose risks amid economic uncertainty.

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
$171.23$7.24B22.5712.11%18.38%35.94%0.74%
TREX logoTREXTrex Company, Inc.
$54.74$5.69B31.301.98%13.89%17.59%—
OC logoOCOwens Corning
$121.31$9.77B-22.41-7.95%-4.41%-11.68%2.29%
MHK logoMHKMohawk Industries, Inc.
$150.52$9.17B17.42-0.48%4.63%6.17%—
TILE logoTILEInterface, Inc.
$30.74$1.78B12.945.41%9.61%17.15%0.2%
APOG logoAPOGApogee Enterprises, Inc.
$45.77$955.14M14.263.21%4.68%13.03%2.26%

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 SHW

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

Oct 27, 2026·SEC

Material company update

Oct 21, 2026·SEC

Material company update

Oct 7, 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

Oct 27, 2026·SEC

FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·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 $1.75B in revenue over the trailing twelve months. Revenue was $1.62B in fiscal year 2025. That is 19% less than the $2.01B of fiscal year 1996.

How fast is Armstrong World Industries, Inc. growing?

Armstrong World Industries, Inc. (AWI) grew revenue by 9.1% over the trailing twelve months, compared with the twelve months before.

Is AWI profitable?

Yes. Armstrong World Industries, Inc. (AWI) earned $320.9M in net income over the trailing twelve months (a 18.4% net margin).

Dividend & Returns
Does AWI pay dividends?

Yes. Armstrong World Industries, Inc. (AWI) pays a dividend that yields 0.74% at the current price, a small yield.

What is AWI's return on equity?

Armstrong World Industries, Inc. (AWI) had a return on equity (ROE) of 35.9% over the trailing twelve months. That is well above the market's typical 10-15%.

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

Armstrong World Industries, Inc. (AWI) generated $226.7M in free cash flow over the trailing twelve months.

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

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

See returns →