Armstrong World Industries Inc (AWI)
Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass, metal, wood, felt, architectural resin and glass, wood fiber, and glass-reinforced-gypsum; and ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems. It also designs, produces, and sources specialty ceilings, walls, and other interior and exterior architectural applications primarily for use in commercial settings; and manufactures ceiling suspension system (grid) products. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania.
- Symbol
- AWI
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Building Products & Equipment
- Market cap
- $6.94B
- 52 week range
- 150.28 - 206.08
Valuation
- Share price
- $163.97 (close of 2026-09-23)
- P/E (TTM)
- 22.28x
- Price to book
- 7.85x
- Price to free cash flow
- 28.13x
- Enterprise value
- $7.44B
- Book value per share
- $20.89
Price performance
| Period | Change |
|---|
| 1 day | +1.29% |
| 5 days | +2.42% |
| 1 month | -8.16% |
| 3 months | +5.81% |
| 6 months | -1.11% |
| Year to date | -14.20% |
| 1 year | -15.87% |
| 3 years | +130.55% |
| 5 years | +63.54% |
| 10 years | +295.11% |
| All time | +309.92% |
Profitability and growth
- Return on equity
- 34.27%
- Return on invested capital
- 26.47%
- Return on assets
- 16.04%
- Return on capital employed
- 26.00%
- Gross margin
- 40.64%
- Net margin
- 19.05%
- EBITDA margin
- 34.01%
- Revenue growth
- 12.11%
- Net income growth
- 16.53%
- Free cash flow growth
- 33.75%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.55%
- Current ratio
- 1.52x
- Net debt to EBITDA
- 0.89x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.62B
- Cost of revenue
- $962.10M
- Gross profit
- $658.70M
- EBITDA
- $551.30M
- Net income
- $308.70M
- Earnings per share
- $7.13
- Research and development
- $16.40M
- Interest expense
- $33.00M
- Shares outstanding
- 43.30M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.62B | $658.70M | $308.70M | $7.13 |
| 2024-12-31 | $1.45B | $581.60M | $264.90M | $6.06 |
| 2023-12-31 | $1.30B | $497.00M | $223.80M | $5.00 |
| 2022-12-31 | $1.23B | $449.10M | $202.90M | $4.38 |
| 2021-12-31 | $1.11B | $405.60M | $183.20M | $3.84 |
| 2020-12-31 | $936.90M | $333.10M | $-99.10M | $-2.07 |
| 2019-12-31 | $1.04B | $395.10M | $214.50M | $4.40 |
| 2018-12-31 | $975.30M | $333.50M | $185.90M | $3.61 |
| 2017-12-31 | $893.60M | $315.40M | $119.60M | $2.23 |
| 2016-12-31 | $837.30M | $307.00M | $104.70M | $1.88 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 40.64% | 19.05% | 34.27% | 26.47% |
| 2024-12-31 | 40.23% | 18.32% | 34.99% | 22.86% |
| 2023-12-31 | 38.37% | 17.28% | 37.82% | 21.46% |
| 2022-12-31 | 36.42% | 16.45% | 37.93% | 19.80% |
| 2021-12-31 | 36.65% | 16.56% | 35.25% | 18.53% |
| 2020-12-31 | 35.55% | -10.58% | -21.98% | 23.82% |
| 2019-12-31 | 38.06% | 20.66% | 58.78% | 26.95% |
| 2018-12-31 | 34.19% | 19.06% | 82.26% | 27.26% |
| 2017-12-31 | 35.30% | 13.38% | 31.14% | 22.55% |
| 2016-12-31 | 36.67% | 12.50% | 39.30% | 14.49% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $112.70M | $396.40M |
| 2024-12-31 | $79.30M | $502.60M |
| 2023-12-31 | $70.80M | $564.30M |
| 2022-12-31 | $106.00M | $651.10M |
| 2021-12-31 | $98.10M | $606.40M |
| 2020-12-31 | $136.90M | $690.50M |
| 2019-12-31 | $45.30M | $604.50M |
| 2018-12-31 | $325.70M | $764.80M |
| 2017-12-31 | $159.60M | $817.70M |
| 2016-12-31 | $141.90M | $848.60M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $246.10M | $21.90M |
| 2024-12-31 | $184.00M | $18.30M |
| 2023-12-31 | $149.70M | $18.80M |
| 2022-12-31 | $107.60M | $14.30M |
| 2021-12-31 | $107.40M | $11.30M |
| 2020-12-31 | $163.40M | $6.80M |
| 2019-12-31 | $111.40M | $9.50M |
| 2018-12-31 | $131.30M | $14.00M |
| 2017-12-31 | $80.70M | $10.20M |
| 2016-12-31 | $-54.90M | $12.40M |
Dividend history
- Most recent payment
- 2026-08-05
- Paid in the last twelve months
- $1.36
| Payment date | Dividend per share |
|---|
| 2026-08-05 | $0.34 |
| 2026-05-11 | $0.34 |
| 2026-03-05 | $0.34 |
| 2025-11-06 | $0.34 |
| 2025-08-07 | $0.31 |
| 2025-05-08 | $0.31 |
| 2025-03-06 | $0.31 |
| 2024-11-07 | $0.31 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $2.35
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | $2.33 |
| 2026-04-28 | - | - |
| 2026-02-24 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-07-28 | - | - |
| 2025-04-29 | - | - |
| 2025-04-28 | - | - |
Filings and sources
- Company website
- armstrong.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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