Saturday 17 October 2026
Export AWI’s income statement to Excel — free account
Armstrong World Industries, Inc.
AWI Industrials Building Products & Equipment
Armstrong World Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 12.1% from fiscal 2024. In the quarter to June 2026, revenue grew 11.2%, EPS grew 12.4%, free cash flow grew 13.1% and total debt rose 1.08%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
168.16
1.57
+0.94%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
22.47 | 21.28 | 16.04 | 21.50 | 0.00 | 30.40 | 15.91 | 19.52 | 23.44 | 26.99 |
Piotroski F-Score |
5 | 7 | 7 | 8 | 4 | 8 | 6 | 8 | 8 | 9 |
P/S ratio |
2.04 | 3.67 | 3.06 | 4.41 | 3.80 | 4.99 | 2.61 | 3.37 | 4.27 | 5.11 |
Altman Z-Score |
2.27 | 2.95 | 2.83 | 4.85 | 3.53 | 4.84 | 4.02 | 5.07 | 6.12 | 7.83 |
Altman Z″-Score (non-manufacturers) |
2.49 | 3.61 | 3.13 | 4.36 | 3.55 | 3.84 | 4.53 | 4.97 | 5.21 | 5.92 |
P/FCF ratio |
0.00 | 40.62 | 22.74 | 41.08 | 19.25 | 51.42 | 29.92 | 29.14 | 29.65 | 33.49 |
Beneish M-Score |
(2.64) | (1.92) | (2.89) | (1.71) | (3.56) | (2.24) | (2.40) | (2.53) | (2.28) | (2.61) |
P/Operating CF |
44.53 | 50.05 | 67.56 | 74.65 | 50.61 | 112.12 | 50.94 | 76.39 | 71.32 | 75.22 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 85 |
P/B ratio |
8.68 | 7.82 | 13.21 | 12.54 | 7.90 | 10.64 | 6.02 | 7.37 | 8.16 | 9.19 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,118.45 | 62.45 | 32.11 |
EV/Sales |
2.69 | 4.44 | 3.57 | 4.95 | 4.44 | 5.49 | 3.07 | 3.78 | 4.60 | 5.31 |
EV/EBITDA |
11.11 | 11.63 | 10.58 | 13.11 | 12.28 | 17.05 | 10.43 | 11.87 | 13.94 | 15.60 |
EV/Operating CF |
61.72 | 23.29 | 17.13 | 28.14 | 19.02 | 32.46 | 20.76 | 20.99 | 24.94 | 24.19 |
EV/FCF |
(55.42) | 49.18 | 26.51 | 46.16 | 22.48 | 56.53 | 35.19 | 32.74 | 31.95 | 34.81 |
Quick Ratio |
0.99 | 1.04 | 0.74 | 1.03 | 1.26 | 1.00 | 1.21 | 0.94 | 0.87 | 0.91 |
Current Ratio |
1.81 | 2.40 | 1.31 | 1.57 | 1.81 | 1.54 | 1.95 | 1.61 | 1.40 | 1.46 |
Net Debt/EBITDA |
2.57 | 2.07 | 1.50 | 1.44 | 1.76 | 1.54 | 1.56 | 1.31 | 1.00 | 0.59 |
Debt/Assets |
49.69% | 45.38% | 44.60% | 40.90% | 42.73% | 37.91% | 39.93% | 36.49% | 30.30% | 22.82% |
Debt/Equity |
3.28 | 2.03 | 3.63 | 1.67 | 1.63 | 1.25 | 1.26 | 1.03 | 0.74 | 0.49 |
Asset Turnover |
0.38 | 0.49 | 0.53 | 0.62 | 0.58 | 0.65 | 0.73 | 0.77 | 0.82 | 0.86 |
Operating CF/Net income |
0.47 | 1.42 | 1.09 | 0.85 | (2.21) | 1.02 | 0.90 | 1.04 | 1.01 | 1.15 |
Capex/Depreciation |
(1.17) | (1.01) | (0.91) | (0.95) | (0.40) | (0.83) | (0.89) | (0.94) | (0.57) | (0.90) |
Interest Coverage |
3.96 | 6.89 | 6.36 | 8.27 | 10.57 | 11.35 | 10.28 | 9.17 | 9.40 | 13.06 |
| 20.23% | 34.88% | 57.62% | 72.60% | (24.30%) | 37.75% | 38.48% | 39.72% | 39.28% | 37.24% | |
| 4.71% | 6.59% | 10.02% | 12.88% | (6.17%) | 10.69% | 11.95% | 13.32% | 15.07% | 16.39% | |
ROIC |
12.27% | 13.73% | 21.65% | 21.32% | 15.19% | 15.19% | 15.80% | 17.88% | 18.93% | 21.95% |
Return on Tangible Assets |
16.17% | 13.61% | 27.78% | 34.95% | (14.80%) | 27.97% | 27.86% | 32.68% | 37.95% | 40.90% |
Average Days of Receivables |
35.31 | 49.63 | 30.54 | 40.47 | 31.40 | 36.45 | 33.80 | 31.51 | 34.92 | 29.34 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
22.00% | 15.51% | 16.30% | 16.79% | 17.42% | 21.45% | 19.22% | 20.27% | 21.34% | 20.95% |
Intangible Assets out of Total Assets |
0.24 | 0.24 | 0.24 | 0.31 | 0.36 | 0.34 | 0.34 | 0.35 | 0.36 | 0.33 |
Share Based Compensation of Revenue |
1.48% | 1.14% | 1.44% | 0.92% | 0.73% | 1.02% | 1.16% | 1.45% | 1.27% | 1.35% |
Graham Net Nets |
(0.47) | (0.25) | (0.30) | (0.19) | (0.27) | (0.16) | (0.25) | (0.18) | (0.12) | (0.08) |
Graham Number |
14.35 | 22.62 | 18.97 | 27.14 | 0.00 | 30.63 | 33.71 | 38.59 | 48.48 | 57.56 |
Earnings Yield |
4.45% | 4.70% | 6.24% | 4.65% | (2.77%) | 3.29% | 6.29% | 5.12% | 4.27% | 3.70% |
Free Cash Flow Yield |
(2.38%) | 2.46% | 4.40% | 2.43% | 5.19% | 1.94% | 3.34% | 3.43% | 3.37% | 2.99% |
Revenue per Share |
15.11 | 16.77 | 19.01 | 21.32 | 19.56 | 23.25 | 26.63 | 28.98 | 33.08 | 37.43 |
Operating CF per Share |
0.89 | 3.20 | 3.96 | 3.75 | 4.57 | 3.93 | 3.94 | 5.22 | 6.11 | 8.21 |
Capex per Share |
(1.88) | (1.68) | (1.40) | (1.46) | (0.70) | (1.67) | (1.62) | (1.87) | (1.34) | (2.50) |
Free Cash Flow per Share |
(0.99) | 1.51 | 2.56 | 2.29 | 3.86 | 2.26 | 2.32 | 3.35 | 4.77 | 5.71 |
Cash per Share |
2.56 | 2.99 | 6.35 | 0.93 | 2.86 | 2.06 | 2.29 | 1.58 | 1.81 | 2.60 |
Shareholders Equity per Share |
4.81 | 7.87 | 4.41 | 7.49 | 9.41 | 10.92 | 11.56 | 13.24 | 17.32 | 20.80 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.81 | 7.87 | 4.41 | 7.49 | 9.41 | 10.92 | 11.56 | 13.24 | 17.32 | 20.80 |
Free Cash Flow |
(54.90) | 80.70 | 131.30 | 111.40 | 185.10 | 107.50 | 107.60 | 149.70 | 208.30 | 247.10 |
Working Capital |
182.10 | 379.00 | 168.10 | 89.20 | 139.50 | 112.30 | 173.80 | 118.50 | 99.20 | 124.10 |
Capital Expenditures |
(104.20) | (89.70) | (71.90) | (71.30) | (33.70) | (79.70) | (74.80) | (83.80) | (58.50) | (108.40) |
Net Current Asset Value |
(1,085.40) | (805.30) | (894.70) | (884.00) | (955.80) | (868.40) | (795.70) | (767.60) | (736.70) | (632.50) |
EV/EBIT |
16.48 | 15.74 | 13.95 | 16.20 | 16.33 | 23.37 | 13.59 | 15.14 | 17.78 | 19.96 |
Capex to Sales |
0.12 | 0.10 | 0.07 | 0.07 | 0.04 | 0.07 | 0.06 | 0.06 | 0.04 | 0.07 |
Price to Operating Income |
12.52 | 13.00 | 11.97 | 14.42 | 13.98 | 21.26 | 11.55 | 13.47 | 16.50 | 19.20 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.19 | 0.18 | 0.16 | 0.14 | 0.16 | 0.18 | 0.15 | 0.16 | 0.17 | 0.19 |
Cash ROIC |
(4.28%) | 5.65% | 9.57% | 10.91% | 14.00% | 8.49% | 8.18% | 11.76% | 14.94% | 17.01% |
Accounts Receivable Turnover |
8.11 | 8.83 | 9.60 | 10.56 | 9.57 | 11.58 | 10.98 | 11.46 | 11.56 | 12.07 |
Accounts Payable Turnover |
3.05 | 5.13 | 2.61 | 2.44 | 4.31 | 4.50 | 4.51 | 4.80 | 4.61 | 4.25 |
Inventory Turnover |
7.15 | 11.48 | 11.16 | 9.92 | 8.05 | 8.17 | 7.83 | 7.46 | 8.08 | 8.21 |
Average Days of Payables |
80.53 | 68.43 | 217.99 | 81.46 | 82.51 | 91.07 | 80.31 | 73.12 | 90.94 | 89.95 |
Days of Inventory on Hand |
32.28 | 33.96 | 34.81 | 38.88 | 49.27 | 46.97 | 51.21 | 47.56 | 46.38 | 47.27 |
Average Receivables |
103.20 | 101.25 | 101.55 | 98.35 | 97.85 | 95.55 | 112.35 | 113.00 | 125.05 | 134.30 |
Average Payables |
174.05 | 112.70 | 245.85 | 263.40 | 140.00 | 155.70 | 173.70 | 166.20 | 187.60 | 226.20 |
Average Inventory |
74.15 | 50.35 | 57.50 | 64.85 | 75.00 | 85.85 | 100.10 | 107.00 | 106.90 | 117.20 |
Average Assets |
2,222.60 | 1,815.75 | 1,855.90 | 1,665.80 | 1,605.90 | 1,714.25 | 1,698.60 | 1,679.80 | 1,757.55 | 1,883.70 |
Average Common Equity |
517.60 | 342.85 | 322.65 | 295.45 | 407.90 | 485.30 | 527.35 | 563.40 | 674.45 | 828.90 |
Columns are period end dates