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

TLDR: Quick Comparison Summary

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

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Vital Metrics Comparison

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

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

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Performance Comparison

Short-term Returns

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

Long-term Returns

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

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

MetricAWIAAON
Market Information
Market Cap i$7.68B$8.15B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i264,673830,986
90 Day Avg. Volume i431,484775,599
Last Close$156.66$111.42
52 Week Range$149.06 - $206.08$62.00 - $150.46
% from 52W High-23.98%-25.95%
All-Time High$206.08 (Oct 27, 2025)$150.18 (Jun 03, 2026)
% from All-Time High-23.98%-25.81%
Growth Metrics
Quarterly Revenue Growth0.06%0.43%
Quarterly Earnings Growth0.05%0.30%
Financial Health
Profit Margin (TTM) i0.19%0.07%
Operating Margin (TTM) i0.17%0.11%
Return on Equity (TTM) i0.37%0.13%
Debt to Equity (MRQ) i55.1246.61
Cash & Liquidity
Book Value per Share (MRQ)$20.99$10.96
Cash per Share (MRQ)$2.63$0.00
Operating Cash Flow (TTM) i$355.50M$534,000
Levered Free Cash Flow (TTM) i$228.29M$-235,688,880
Dividends
Last 12-Month Dividend Yield i0.77%0.55%
Last 12-Month Dividend i$1.30$0.50

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

MetricAWI (Apr 24, 2026)AAON (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i25.3077.26
Forward P/E i19.3133.65
PEG Ratio i3.672.58
Price to Sales (TTM) i4.745.66
Price to Book (MRQ) i8.559.10
Market Capitalization
Market Capitalization i$7.68B$8.15B
Enterprise Value i$7.95B$8.46B
Enterprise Value Metrics
Enterprise to Revenue i4.915.87
Enterprise to EBITDA i18.0437.29
Risk & Other Metrics
Beta i1.321.20
Book Value per Share (MRQ) i$20.99$10.96

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

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricAWI (2025)AAON (2025)
Revenue/Sales i1.62B1.44B
Cost of Goods Sold i962.10M1.06B
COGS % of Revenue i59.4%73.3%
Gross Profit i658.70M385.72M
Gross Margin i40.6%26.7%
Research & Development iN/AN/A
Operating Income (EBIT) i319.20M152.35M
Operating Margin i19.7%10.6%
EBITDA i554.30M231.94M
EBITDA Margin i34.2%16.1%
Pre-Tax Income i400.30M128.75M
Pre-Tax Income % of Revenue i24.7%8.9%
Income Tax i91.60M21.16M
Income Tax % of Revenue i5.7%1.5%
Net Income (Profit) i308.70M107.59M
Profit Margin i19.0%7.5%

Balance Sheet & Liquidity Metrics

MetricAWI (2025)AAON (2025)
Cash & Equivalents i112.70M13,000
Total Current Assets i391.50M869.18M
Total Current Assets % of Revenue i24.2%60.3%
Total Current Liabilities i267.40M330.86M
Total Current Liabilities % of Revenue i16.5%22.9%
Long-Term Debt i466.80M413.85M
Long-Term Debt % of Revenue i28.8%28.7%
Total Shareholders Equity i900.70M894.99M
Retained Earnings i1.81B830.30M
Retained Earnings % of Revenue i111.9%57.6%
Property, Plant & Equipment i82.30M17.99M

Cash Flow Statement Comparison

MetricAWI (2025)AAON (2025)
Operating Cash Flow i440.20M-20.09M
Operating Cash Flow % of Revenue i27.2%-1.4%
Capital Expenditures i-108.40M40,000
Free Cash Flow i246.10M-204.36M
FCF Margin i15.2%-14.2%
Debt Repayment i-543.30M-672.20M
Common Stock Repurchase i-8.70M-30.00M

Short Interest & Institutional Ownership Analysis

MetricAWIAAON
Shares Short i856,4827.34M
Short Ratio i1.338.60
Short % of Float i2.67%10.78%
Shares Outstanding i42.92M81.69M
Float Shares i42.17M67.68M
% Held by Insiders i1.45%16.86%
% Held by Institutions i103.89%92.34%
% Held by Public i-5.34%-9.20%

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

MetricAWIAAON
Last 12-Month Dividend i$1.30$0.50
Last 12-Month Dividend Yield i0.77%0.55%
3-Year Avg Annual Dividend i$1.18$0.35
3-Year Avg Dividend Yield i0.24%0.11%
3-Year Total Dividends i$3.54$1.06
Ex-Dividend DateMar 05, 2026Mar 18, 2026