Armstrong World Industries (AWI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Armstrong World Industries

NYSE•Industrials•Building Products & Equipment

$162.42-4.79(-0.03%)Market open

Market Cap

$6.78B

P/E

21.5x

P/S

4.0x

P/B

7.7x

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.

How this company scores

GoodMetricSide Score: 78/100

Strongest: Profitability (24/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability24/25

Growth19/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROEConsistent free cash flowConsistent growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.5x5y range 21.5x – 38.2x

Currently near its 20-quarter median.

P/S · 4.0x5y range 4.0x – 5.9x

Currently near its 20-quarter median.

P/B · 7.7x5y range 7.7x – 12.0x

Price & Volume

Market Cap $6.78B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.70B
Q. Revenue: $472.00M
TTM EBITDA: $557.70M
TTM Op. Income: $437.20M
Q. Op. Income: $133.80M
TTM Net Income: $315.30M
Q. Net Income: $96.70M
EPS: $2.28
Shares Out.: $42.50M

$1.70B in TTM revenue grew 8.6% YoY, reaching $472.00M last quarter. TTM EBITDA of $557.70M and TTM operating income of $437.20M show growth is flowing through to the bottom line. TTM net income of $315.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 41.3%
EBITDA Margin: 34.7%
Op. Margin: 28.3%
Net Margin: 20.5%

Op. margin of 28.3% is down 0.7% YoY — costs are rising relative to revenue. Net margin at 20.5% and gross margin of 41.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.5x
P/S Ratio: 4.0x
P/B Ratio: 7.7x

At 21.5x P/E, the stock trades within typical market levels. P/S of 4.0x and P/B of 7.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.01B
Cash: $78.60M
Long-Term Debt: $481.70M
Book Value: $884.30M
D/E Ratio: 0.5
Debt/EBITDA: 2.9

With $2.01B in assets and $481.70M in long-term debt, D/E is 0.5and book value is $884.30M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $93.80M
TTM Free Cash Flow: $246.70M
FCF Margin: 14.6%
FCF / Net Income: 0.8

TTM FCF of $246.70M on $93.80M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 13% — an improving trend.