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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
B&G Foods, Inc. is the larger business by last-quarter revenue ($439.3M vs $388.3M, roughly 1.1× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -4.4%, a 21.2% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -4.7%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $-70.7M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs -12.8%).
Armstrong World Industries, Inc. is an international designer and manufacturer of wall and ceiling building materials based in Lancaster, Pennsylvania. As of 2014, AWI had 3,100 employees and a global manufacturing network of 17 facilities, down from 26, including nine plants dedicated to its WAVE joint venture, in 2012.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
AWI vs BGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $439.3M |
| Net Profit | $65.5M | $-19.1M |
| Gross Margin | 39.8% | 22.5% |
| Operating Margin | 23.7% | 2.5% |
| Net Margin | 16.9% | -4.4% |
| Revenue YoY | 5.6% | -4.7% |
| Net Profit YoY | 5.3% | -356.5% |
| EPS (diluted) | $1.51 | $-0.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $388.3M | — | ||
| Q3 25 | $425.2M | $439.3M | ||
| Q2 25 | $424.6M | $424.4M | ||
| Q1 25 | $382.7M | $425.4M | ||
| Q4 24 | $367.7M | $551.6M | ||
| Q3 24 | $386.6M | $461.1M | ||
| Q2 24 | $365.1M | $444.6M | ||
| Q1 24 | $326.3M | $475.2M |
| Q4 25 | $65.5M | — | ||
| Q3 25 | $86.3M | $-19.1M | ||
| Q2 25 | $87.8M | $-9.8M | ||
| Q1 25 | $69.1M | $835.0K | ||
| Q4 24 | $62.2M | $-222.4M | ||
| Q3 24 | $76.9M | $7.5M | ||
| Q2 24 | $65.9M | $3.9M | ||
| Q1 24 | $59.9M | $-40.2M |
| Q4 25 | 39.8% | — | ||
| Q3 25 | 42.0% | 22.5% | ||
| Q2 25 | 41.4% | 20.5% | ||
| Q1 25 | 39.2% | 21.2% | ||
| Q4 24 | 39.1% | 21.5% | ||
| Q3 24 | 42.4% | 22.2% | ||
| Q2 24 | 40.9% | 20.7% | ||
| Q1 24 | 38.1% | 22.9% |
| Q4 25 | 23.7% | — | ||
| Q3 25 | 27.6% | 2.5% | ||
| Q2 25 | 29.0% | 5.2% | ||
| Q1 25 | 25.7% | 8.4% | ||
| Q4 24 | 22.3% | -46.6% | ||
| Q3 24 | 28.8% | 11.1% | ||
| Q2 24 | 26.0% | 9.9% | ||
| Q1 24 | 26.4% | -3.3% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 20.3% | -4.4% | ||
| Q2 25 | 20.7% | -2.3% | ||
| Q1 25 | 18.1% | 0.2% | ||
| Q4 24 | 16.9% | -40.3% | ||
| Q3 24 | 19.9% | 1.6% | ||
| Q2 24 | 18.0% | 0.9% | ||
| Q1 24 | 18.4% | -8.5% |
| Q4 25 | $1.51 | — | ||
| Q3 25 | $1.98 | $-0.24 | ||
| Q2 25 | $2.01 | $-0.12 | ||
| Q1 25 | $1.58 | $0.01 | ||
| Q4 24 | $1.41 | $-2.81 | ||
| Q3 24 | $1.75 | $0.09 | ||
| Q2 24 | $1.50 | $0.05 | ||
| Q1 24 | $1.36 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.7M | $60.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $900.7M | $470.7M |
| Total Assets | $1.9B | $2.9B |
| Debt / EquityLower = less leverage | — | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | — | ||
| Q3 25 | $90.1M | $60.9M | ||
| Q2 25 | $81.1M | $54.1M | ||
| Q1 25 | $82.8M | $61.2M | ||
| Q4 24 | $79.3M | $50.6M | ||
| Q3 24 | $73.7M | $54.7M | ||
| Q2 24 | $73.6M | $40.3M | ||
| Q1 24 | $69.6M | $42.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $900.7M | — | ||
| Q3 25 | $889.2M | $470.7M | ||
| Q2 25 | $837.8M | $501.4M | ||
| Q1 25 | $793.4M | $513.1M | ||
| Q4 24 | $757.1M | $524.8M | ||
| Q3 24 | $717.0M | $755.3M | ||
| Q2 24 | $669.0M | $765.0M | ||
| Q1 24 | $626.8M | $781.2M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $2.9B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.8B | $3.4B | ||
| Q2 24 | $1.8B | $3.4B | ||
| Q1 24 | $1.7B | $3.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.91× | ||
| Q4 24 | — | 3.85× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 2.67× | ||
| Q1 24 | — | 2.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $110.0M | $-64.6M |
| Free Cash FlowOCF − Capex | $62.2M | $-70.7M |
| FCF MarginFCF / Revenue | 16.0% | -16.1% |
| Capex IntensityCapex / Revenue | 12.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | — | ||
| Q3 25 | $122.9M | $-64.6M | ||
| Q2 25 | $81.6M | $17.8M | ||
| Q1 25 | $41.0M | $52.7M | ||
| Q4 24 | $86.6M | $80.3M | ||
| Q3 24 | $96.5M | $4.2M | ||
| Q2 24 | $57.3M | $11.3M | ||
| Q1 24 | $26.4M | $35.1M |
| Q4 25 | $62.2M | — | ||
| Q3 25 | $100.3M | $-70.7M | ||
| Q2 25 | $61.7M | $11.5M | ||
| Q1 25 | $21.9M | $42.4M | ||
| Q4 24 | $57.8M | $71.7M | ||
| Q3 24 | $77.1M | $-679.0K | ||
| Q2 24 | $37.4M | $5.2M | ||
| Q1 24 | $11.7M | $27.5M |
| Q4 25 | 16.0% | — | ||
| Q3 25 | 23.6% | -16.1% | ||
| Q2 25 | 14.5% | 2.7% | ||
| Q1 25 | 5.7% | 10.0% | ||
| Q4 24 | 15.7% | 13.0% | ||
| Q3 24 | 19.9% | -0.1% | ||
| Q2 24 | 10.2% | 1.2% | ||
| Q1 24 | 3.6% | 5.8% |
| Q4 25 | 12.3% | — | ||
| Q3 25 | 5.3% | 1.4% | ||
| Q2 25 | 4.7% | 1.5% | ||
| Q1 25 | 5.0% | 2.4% | ||
| Q4 24 | 7.8% | 1.6% | ||
| Q3 24 | 5.0% | 1.0% | ||
| Q2 24 | 5.5% | 1.4% | ||
| Q1 24 | 4.5% | 1.6% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | 63.17× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | 0.56× | ||
| Q2 24 | 0.87× | 2.87× | ||
| Q1 24 | 0.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWI
| Distributors | $183.0M | 47% |
| Architectural Specialties | $143.7M | 37% |
| Home Centers | $27.2M | 7% |
| Retailers And Other | $21.7M | 6% |
| Direct Customers | $12.7M | 3% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
