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 $8.6B against $6.9B — 1.3× the size. Armstrong World Industries, Inc. trades at the lower P/E: 22.3× against 30.7×. 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, Armstrong World Industries, Inc. leads on 12 and SPX Technologies, Inc. on 10.

Valuation

Metric AWI SPXC Building Products & Equipment median
P/E 22.30 30.69 24.54
P/S 4.08 3.49 2.00
P/B 7.82 3.68 3.02
Price to free cash flow 27.93 28.52 18.49
EV/EBITDA 13.20 16.51 12.63
EV/Sales 4.34 3.68 2.14
Earnings yield 4.48% 3.26% 2.74%
Free cash flow yield 3.58% 3.51% 3.58%

Profitability

Metric AWI SPXC Building Products & Equipment median
Gross margin 40.30% 40.24% 29.19%
Operating margin 25.79% 16.15% 6.84%
Net margin 18.60% 11.26% 4.05%
Free cash flow margin 14.61% 12.25% 8.72%
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% —
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 0.99% — 1.20%
Payout ratio 0.20 0.00 0.04

Size

Metric AWI SPXC Building Products & Equipment median
Market cap 6.85b 8.64b 1.18b

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