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