Armstrong World Industries, Inc. (AWI) vs SPX Technologies, Inc. (SPXC)

Armstrong World Industries, Inc. and SPX Technologies, Inc. are both Building Products & Equipment companies. SPX Technologies, Inc. is the larger, with a market value of $8.4B against $7.0B — 1.2× the size. Armstrong World Industries, Inc. trades at the lower P/E: 23.0× against 29.5×. SPX Technologies, Inc. grew revenue faster over the last twelve months: 20.6% against 8.57%. Armstrong World Industries, Inc. has the higher net margin (18.6% vs 11.3%) and the higher return on invested capital (20.6% vs 8.94%). Across the 22 metrics below, SPX Technologies, Inc. leads on 12 and Armstrong World Industries, Inc. on 10.

Valuation

Metric AWI SPXC Building Products & Equipment median
P/E 23.04 29.49 23.15
P/S 4.22 3.36 2.02
P/B 8.08 3.54 2.81
Price to free cash flow 28.85 27.40 16.84
EV/EBITDA 13.61 15.90 12.85
EV/Sales 4.48 3.54 2.04
Earnings yield 4.34% 3.39% 2.76%
Free cash flow yield 3.47% 3.65% 4.23%

Profitability

Metric AWI SPXC Building Products & Equipment median
Gross margin 40.30% 40.24% 29.19%
Operating margin 25.79% 16.15% 6.99%
Net margin 18.60% 11.26% 4.05%
Free cash flow margin 14.61% 12.25% 7.60%
Return on equity 36.62% 14.37% 9.28%
Return on assets 16.30% 7.70% 2.88%
Return on invested capital 20.58% 8.94% 5.16%

Growth

Metric AWI SPXC Building Products & Equipment median
Revenue growth (TTM) 8.57% 20.63% 3.11%
EPS growth (last fiscal year) 17.61% 18.08% (34.13%)
Revenue growth, 5-year CAGR 11.59% 14.96% 5.37%
Net income growth, 5-year CAGR 0.00% 19.77% 0.00%

Health

Metric AWI SPXC Building Products & Equipment median
Debt to equity 0.59 0.26 0.43
Current ratio 1.52 1.82 1.82
Net debt to EBITDA 0.59 0.28 0.98

Dividend

Metric AWI SPXC Building Products & Equipment median
Dividend yield 0.81% — 1.43%
Payout ratio 0.19 — 0.29

Size

Metric AWI SPXC Building Products & Equipment median
Market cap 7.04b 8.39b 1.17b

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