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Armstrong World (AWI) | Financial Analysis & Statements

Armstrong World Industries, Inc. | Mid-cap | Industrials

$189.98

2.88%

Armstrong World vs Trane Technologies Armstrong World vs Johnson Controls Armstrong World vs Advanced Drainage Armstrong World vs Spx Technologies Armstrong World vs Azek Company Armstrong World vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 382.7M

Gross Profit 149.9M 39.17%

Operating Income 71.9M 18.79%

Net Income 69.1M 18.06%

EPS (Diluted) $1.58

Balance Sheet Metrics

Total Assets 1.9B

Total Liabilities 1.1B

Shareholders Equity 793.4M

Debt to Equity 1.34

Cash Flow Metrics

Operating Cash Flow 67.6M

Free Cash Flow 21.9M

Revenue & Profitability Trend

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Armstrong World Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	1.4B	1.3B	1.2B	1.1B	936.9M
Cost of Goods Sold i	864.1M	798.2M	784.0M	701.0M	603.8M
Gross Profit i	581.6M	497.0M	449.1M	405.6M	333.1M
Gross Margin % i	40.2%	38.4%	36.4%	36.7%	35.6%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	308.5M	256.6M	231.7M	232.1M	163.2M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	308.5M	256.6M	231.7M	232.1M	163.2M
Operating Income i	273.1M	240.4M	217.4M	173.5M	169.9M
Operating Margin % i	18.9%	18.6%	17.6%	15.7%	18.1%
Non-Operating Items
Interest Income i	3.8M	3.5M	500.0K	100.0K	300.0K
Interest Expense i	39.8M	35.3M	27.1M	22.9M	24.1M
Other Non-Operating Income	110.0M	89.7M	66.8M	92.0M	-272.8M
Pre-tax Income i	347.1M	298.3M	257.6M	242.7M	-126.7M
Income Tax i	82.2M	74.5M	57.7M	57.4M	-42.6M
Effective Tax Rate % i	23.7%	25.0%	22.4%	23.7%	0.0%
Net Income i	264.9M	223.8M	202.9M	183.2M	-99.1M
Net Margin % i	18.3%	17.3%	16.5%	16.6%	-10.6%
Key Metrics
EBITDA i	492.3M	422.9M	379.4M	358.0M	-39.5M
EPS (Basic) i	$6.06	$5.00	$4.45	$3.82	$-2.07
EPS (Diluted) i	$6.02	$4.99	$4.37	$3.82	$-2.07
Basic Shares Outstanding i	43700000	44700000	45572185	47958115	47874396
Diluted Shares Outstanding i	43700000	44700000	45572185	47958115	47874396

Income Statement Trend

Armstrong World Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	79.3M	70.8M	106.0M	98.1M	136.9M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	133.0M	102.1M	107.4M	104.7M	77.9M
Inventory i	109.8M	104.0M	110.0M	90.2M	81.5M
Other Current Assets	1.4M	2.7M	1.4M	1.3M	800.0K
Total Current Assets i	348.9M	313.0M	356.5M	321.9M	311.8M
Non-Current Assets
Property, Plant & Equipment i	71.2M	51.8M	34.8M	39.4M	39.6M
Goodwill i	861.4M	763.4M	742.3M	755.4M	778.9M
Intangible Assets i	455.0M	412.4M	407.7M	421.4M	457.5M
Long-term Investments	0	1.8M	7.7M	0	0
Other Non-Current Assets	39.1M	41.2M	44.0M	48.8M	48.7M
Total Non-Current Assets i	1.5B	1.4B	1.3B	1.4B	1.4B
Total Assets i	1.8B	1.7B	1.7B	1.7B	1.7B
Liabilities
Current Liabilities
Accounts Payable i	132.4M	91.0M	105.0M	105.8M	81.3M
Short-term Debt i	34.4M	32.3M	8.1M	32.8M	31.8M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	249.7M	194.5M	182.7M	209.6M	172.3M
Non-Current Liabilities
Long-term Debt i	565.5M	608.1M	678.9M	638.8M	723.9M
Deferred Tax Liabilities i	167.1M	166.9M	169.3M	166.9M	158.4M
Other Non-Current Liabilities	14.0M	8.7M	6.9M	9.8M	28.3M
Total Non-Current Liabilities i	835.9M	886.1M	969.5M	980.7M	1.1B
Total Liabilities i	1.1B	1.1B	1.2B	1.2B	1.3B
Equity
Common Stock i	600.0K	600.0K	600.0K	600.0K	600.0K
Retained Earnings i	1.6B	1.3B	1.2B	1.0B	869.8M
Treasury Stock i	1.3B	1.2B	1.1B	944.0M	863.9M
Other Equity	-	-	-	-	-
Total Shareholders Equity i	757.1M	591.8M	535.0M	519.7M	450.9M
Key Metrics
Total Debt i	599.9M	640.4M	687.0M	671.6M	755.7M
Working Capital i	99.2M	118.5M	173.8M	112.3M	139.5M

Balance Sheet Composition

Armstrong World Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	264.9M	223.8M	202.9M	183.2M	-99.1M
Depreciation & Amortization i	103.2M	89.2M	83.7M	96.5M	84.0M
Stock-Based Compensation i	18.3M	18.8M	14.3M	11.3M	6.8M
Working Capital Changes i	-45.8M	-10.8M	-47.5M	-22.1M	16.3M
Operating Cash Flow i	342.3M	314.8M	261.8M	274.9M	-80.3M
Investing Activities
Capital Expenditures i	-58.5M	-83.8M	-74.8M	-79.8M	-55.4M
Acquisitions i	-31.2M	70.4M	101.7M	77.6M	-109.0M
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-79.3M	-10.4M	28.2M	-2.1M	-134.7M
Financing Activities
Share Repurchases i	-59.9M	-132.0M	-165.0M	-80.0M	-44.4M
Dividends Paid i	-50.6M	-46.9M	-44.2M	-41.4M	-39.2M
Debt Issuance i	138.0M	55.0M	805.0M	95.0M	290.0M
Debt Repayment i	-203.8M	-122.7M	-785.9M	-182.1M	-218.1M
Financing Cash Flow i	-177.6M	-321.8M	-199.9M	-208.5M	278.3M
Free Cash Flow i	184.0M	149.7M	107.6M	107.4M	163.4M
Net Change in Cash i	85.4M	-17.4M	90.1M	64.3M	63.3M

Cash Flow Trend

Armstrong World Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 26.95

Forward P/E 24.59

Price to Book 9.21

Price to Sales 4.86

PEG Ratio 24.59

Profitability Ratios

Profit Margin 18.25%

Operating Margin 18.79%

Return on Equity 38.60%

Return on Assets 10.39%

Financial Health

Current Ratio 1.60

Debt to Equity 75.40

Beta 1.36

Per Share Data

EPS (TTM) $6.24

Book Value per Share $18.27

Revenue per Share $34.43

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
awi	7.3B	26.95	9.21	38.60%	18.25%	75.40
Trane Technologies	96.2B	35.51	12.87	38.63%	13.47%	63.47
Johnson Controls	73.4B	33.69	4.64	13.14%	10.78%	65.79
Advanced Drainage	9.1B	20.35	5.52	33.34%	15.50%	96.81
Spx Technologies	8.5B	41.76	5.86	15.24%	10.13%	66.53
Azek Company	7.8B	52.77	5.38	10.62%	9.93%	39.46

Financial data is updated regularly. All figures are in the company's reporting currency.