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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
ARMSTRONG WORLD INDUSTRIES INC is the larger business by last-quarter revenue ($388.3M vs $276.3M, roughly 1.4× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 16.9%, a 9.5% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 9.1%).
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.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
AWI vs CASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $276.3M |
| Net Profit | $65.5M | $72.9M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | — |
| Net Margin | 16.9% | 26.4% |
| Revenue YoY | 5.6% | — |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | $3.35 |
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.
| Q1 26 | — | $276.3M | ||
| Q4 25 | $388.3M | $173.1M | ||
| Q3 25 | $425.2M | $186.7M | ||
| Q2 25 | $424.6M | $195.8M | ||
| Q1 25 | $382.7M | $274.8M | ||
| Q4 24 | $367.7M | $182.6M | ||
| Q3 24 | $386.6M | $179.5M | ||
| Q2 24 | $365.1M | $188.6M |
| Q1 26 | — | $72.9M | ||
| Q4 25 | $65.5M | $35.2M | ||
| Q3 25 | $86.3M | $38.8M | ||
| Q2 25 | $87.8M | $42.1M | ||
| Q1 25 | $69.1M | $75.0M | ||
| Q4 24 | $62.2M | $30.0M | ||
| Q3 24 | $76.9M | $33.5M | ||
| Q2 24 | $65.9M | $44.9M |
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | — | ||
| Q3 25 | 42.0% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 39.2% | — | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 40.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 24.6% | ||
| Q3 25 | 27.6% | 25.9% | ||
| Q2 25 | 29.0% | 24.1% | ||
| Q1 25 | 25.7% | 33.2% | ||
| Q4 24 | 22.3% | 19.8% | ||
| Q3 24 | 28.8% | 20.9% | ||
| Q2 24 | 26.0% | 27.1% |
| Q1 26 | — | 26.4% | ||
| Q4 25 | 16.9% | 20.3% | ||
| Q3 25 | 20.3% | 20.8% | ||
| Q2 25 | 20.7% | 21.5% | ||
| Q1 25 | 18.1% | 27.3% | ||
| Q4 24 | 16.9% | 16.4% | ||
| Q3 24 | 19.9% | 18.7% | ||
| Q2 24 | 18.0% | 23.8% |
| Q1 26 | — | $3.35 | ||
| Q4 25 | $1.51 | $1.57 | ||
| Q3 25 | $1.98 | $1.69 | ||
| Q2 25 | $2.01 | $1.81 | ||
| Q1 25 | $1.58 | $3.14 | ||
| Q4 24 | $1.41 | $1.23 | ||
| Q3 24 | $1.75 | $1.34 | ||
| Q2 24 | $1.50 | $1.78 |
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 | $157.6M |
| Total DebtLower is stronger | — | $59.5M |
| Stockholders' EquityBook value | $900.7M | $850.7M |
| Total Assets | $1.9B | $7.1B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | $112.7M | $331.2M | ||
| Q3 25 | $90.1M | $120.6M | ||
| Q2 25 | $81.1M | $258.3M | ||
| Q1 25 | $82.8M | $254.2M | ||
| Q4 24 | $79.3M | $597.4M | ||
| Q3 24 | $73.7M | $158.3M | ||
| Q2 24 | $73.6M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.4M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | $900.7M | $854.5M | ||
| Q3 25 | $889.2M | $858.0M | ||
| Q2 25 | $837.8M | $819.0M | ||
| Q1 25 | $793.4M | $814.7M | ||
| Q4 24 | $757.1M | $758.3M | ||
| Q3 24 | $717.0M | $822.5M | ||
| Q2 24 | $669.0M | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $1.9B | $7.6B | ||
| Q3 25 | $1.9B | $7.2B | ||
| Q2 25 | $1.9B | $7.2B | ||
| Q1 25 | $1.9B | $7.0B | ||
| Q4 24 | $1.8B | $7.6B | ||
| Q3 24 | $1.8B | $7.5B | ||
| Q2 24 | $1.8B | $7.5B |
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
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 | — |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $110.0M | $108.3M | ||
| Q3 25 | $122.9M | $303.7M | ||
| Q2 25 | $81.6M | $30.4M | ||
| Q1 25 | $41.0M | $188.3M | ||
| Q4 24 | $86.6M | $-71.7M | ||
| Q3 24 | $96.5M | $143.1M | ||
| Q2 24 | $57.3M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $104.1M | ||
| Q3 25 | $100.3M | $300.3M | ||
| Q2 25 | $61.7M | $27.7M | ||
| Q1 25 | $21.9M | $184.7M | ||
| Q4 24 | $57.8M | $-73.8M | ||
| Q3 24 | $77.1M | $138.8M | ||
| Q2 24 | $37.4M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 60.1% | ||
| Q3 25 | 23.6% | 160.9% | ||
| Q2 25 | 14.5% | 14.1% | ||
| Q1 25 | 5.7% | 67.2% | ||
| Q4 24 | 15.7% | -40.4% | ||
| Q3 24 | 19.9% | 77.3% | ||
| Q2 24 | 10.2% | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 2.4% | ||
| Q3 25 | 5.3% | 1.8% | ||
| Q2 25 | 4.7% | 1.4% | ||
| Q1 25 | 5.0% | 1.3% | ||
| Q4 24 | 7.8% | 1.1% | ||
| Q3 24 | 5.0% | 2.4% | ||
| Q2 24 | 5.5% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 3.08× | ||
| Q3 25 | 1.42× | 7.83× | ||
| Q2 25 | 0.93× | 0.72× | ||
| Q1 25 | 0.59× | 2.51× | ||
| Q4 24 | 1.39× | -2.39× | ||
| Q3 24 | 1.25× | 4.27× | ||
| Q2 24 | 0.87× | 2.52× |
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% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
