Aaon [AAON] vs Armstrong World [AWI] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Aaon Inc. wins in 5 metrics, Armstrong World Industries, Inc. wins in 16 metrics, with 0 ties. Armstrong World Industries, Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Aaon Inc. Armstrong World Industries, Inc. Better
P/E Ratio (TTM) 77.26 25.30 Armstrong World Industries, Inc.
Price-to-Book Ratio 9.10 8.55 Armstrong World Industries, Inc.
Debt-to-Equity Ratio 46.61 55.12 Aaon Inc.
PEG Ratio 2.58 3.67 Aaon Inc.
EV/EBITDA 37.29 18.04 Armstrong World Industries, Inc.
Profit Margin (TTM) 7.46% 19.05% Armstrong World Industries, Inc.
Operating Margin (TTM) 10.53% 17.44% Armstrong World Industries, Inc.
EBITDA Margin (TTM) 10.53% 17.44% Armstrong World Industries, Inc.
Return on Equity 12.51% 37.24% Armstrong World Industries, Inc.
Return on Assets (TTM) 6.45% 10.63% Armstrong World Industries, Inc.
Free Cash Flow (TTM) $-204.36M $246.10M Armstrong World Industries, Inc.
Dividend Yield 0.55% 0.77% Armstrong World Industries, Inc.
1-Year Return 74.26% 1.94% Aaon Inc.
Price-to-Sales Ratio (TTM) 5.66 4.74 Armstrong World Industries, Inc.
Enterprise Value $8.46B $7.95B Aaon Inc.
EV/Revenue Ratio 5.87 4.91 Armstrong World Industries, Inc.
Gross Profit Margin (TTM) 25.88% 39.79% Armstrong World Industries, Inc.
Revenue per Share (TTM) $18 $37 Armstrong World Industries, Inc.
Earnings per Share (Diluted) $1.29 $7.09 Armstrong World Industries, Inc.
Beta (Stock Volatility) 1.20 1.32 Aaon Inc.
Short % of Float 10.78% 2.67% Armstrong World Industries, Inc.

Aaon Inc. vs Armstrong World Industries, Inc. Stock Performance Analysis

Loading Price Chart...

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Aaon Inc.-1.57%-2.40%-13.93%18.56%21.45%40.70%
Armstrong World Industries, Inc.1.59%3.01%0.96%-6.46%-15.23%-20.42%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Aaon Inc.74.26%99.14%213.28%638.19%1,196.53%4,301.04%
Armstrong World Industries, Inc.1.94%119.30%49.14%288.34%246.85%337.10%

Performance & Financial Health Analysis: Aaon Inc. vs Armstrong World Industries, Inc.

MetricAAONAWI
Market Information
Market Cap i$8.15B$7.68B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i830,986264,673
90 Day Avg. Volume i775,599431,484
Last Close$111.42$156.66
52 Week Range$62.00 - $150.46$149.06 - $206.08
% from 52W High-25.95%-23.98%
All-Time High$150.18 (Jun 03, 2026)$206.08 (Oct 27, 2025)
% from All-Time High-25.81%-23.98%
Growth Metrics
Quarterly Revenue Growth0.43%0.06%
Quarterly Earnings Growth0.30%0.05%
Financial Health
Profit Margin (TTM) i0.07%0.19%
Operating Margin (TTM) i0.11%0.17%
Return on Equity (TTM) i0.13%0.37%
Debt to Equity (MRQ) i46.6155.12
Cash & Liquidity
Book Value per Share (MRQ)$10.96$20.99
Cash per Share (MRQ)$0.00$2.63
Operating Cash Flow (TTM) i$534,000$355.50M
Levered Free Cash Flow (TTM) i$-235,688,880$228.29M
Dividends
Last 12-Month Dividend Yield i0.55%0.77%
Last 12-Month Dividend i$0.50$1.30

Valuation & Enterprise Metrics Analysis: Aaon Inc. vs Armstrong World Industries, Inc.

MetricAAON (Apr 26, 2026)AWI (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i77.2625.30
Forward P/E i33.6519.31
PEG Ratio i2.583.67
Price to Sales (TTM) i5.664.74
Price to Book (MRQ) i9.108.55
Market Capitalization
Market Capitalization i$8.15B$7.68B
Enterprise Value i$8.46B$7.95B
Enterprise Value Metrics
Enterprise to Revenue i5.874.91
Enterprise to EBITDA i37.2918.04
Risk & Other Metrics
Beta i1.201.32
Book Value per Share (MRQ) i$10.96$20.99

Financial Statements Comparison: Aaon Inc. vs Armstrong World Industries, Inc.

Financial Metrics

Loading Financial Charts...

Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricAAON (2025)AWI (2025)
Revenue/Sales i1.44B1.62B
Cost of Goods Sold i1.06B962.10M
COGS % of Revenue i73.3%59.4%
Gross Profit i385.72M658.70M
Gross Margin i26.7%40.6%
Research & Development iN/AN/A
Operating Income (EBIT) i152.35M319.20M
Operating Margin i10.6%19.7%
EBITDA i231.94M554.30M
EBITDA Margin i16.1%34.2%
Pre-Tax Income i128.75M400.30M
Pre-Tax Income % of Revenue i8.9%24.7%
Income Tax i21.16M91.60M
Income Tax % of Revenue i1.5%5.7%
Net Income (Profit) i107.59M308.70M
Profit Margin i7.5%19.0%

Balance Sheet & Liquidity Metrics

MetricAAON (2025)AWI (2025)
Cash & Equivalents i13,000112.70M
Total Current Assets i869.18M391.50M
Total Current Assets % of Revenue i60.3%24.2%
Total Current Liabilities i330.86M267.40M
Total Current Liabilities % of Revenue i22.9%16.5%
Long-Term Debt i413.85M466.80M
Long-Term Debt % of Revenue i28.7%28.8%
Total Shareholders Equity i894.99M900.70M
Retained Earnings i830.30M1.81B
Retained Earnings % of Revenue i57.6%111.9%
Property, Plant & Equipment i17.99M82.30M

Cash Flow Statement Comparison

MetricAAON (2025)AWI (2025)
Operating Cash Flow i-20.09M440.20M
Operating Cash Flow % of Revenue i-1.4%27.2%
Capital Expenditures i40,000-108.40M
Free Cash Flow i-204.36M246.10M
FCF Margin i-14.2%15.2%
Debt Repayment i-672.20M-543.30M
Common Stock Repurchase i-30.00M-8.70M

Short Interest & Institutional Ownership Analysis

MetricAAONAWI
Shares Short i7.34M856,482
Short Ratio i8.601.33
Short % of Float i10.78%2.67%
Shares Outstanding i81.69M42.92M
Float Shares i67.68M42.17M
% Held by Insiders i16.86%1.45%
% Held by Institutions i92.34%103.89%
% Held by Public i-9.20%-5.34%

Dividend Analysis & Yield Comparison: Aaon Inc. vs Armstrong World Industries, Inc.

MetricAAONAWI
Last 12-Month Dividend i$0.50$1.30
Last 12-Month Dividend Yield i0.55%0.77%
3-Year Avg Annual Dividend i$0.35$1.18
3-Year Avg Dividend Yield i0.11%0.24%
3-Year Total Dividends i$1.06$3.54
Ex-Dividend DateMar 18, 2026Mar 05, 2026