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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and DIODES INC (DIOD). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $388.3M, roughly 1.0× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 2.6%, a 14.3% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% 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.
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
AWI vs DIOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $391.6M |
| Net Profit | $65.5M | $10.2M |
| Gross Margin | 39.8% | 31.1% |
| Operating Margin | 23.7% | 3.4% |
| Net Margin | 16.9% | 2.6% |
| Revenue YoY | 5.6% | 15.4% |
| Net Profit YoY | 5.3% | 23.8% |
| EPS (diluted) | $1.51 | $0.23 |
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 | $391.6M | ||
| Q3 25 | $425.2M | $392.2M | ||
| Q2 25 | $424.6M | $366.2M | ||
| Q1 25 | $382.7M | $332.1M | ||
| Q4 24 | $367.7M | $339.3M | ||
| Q3 24 | $386.6M | $350.1M | ||
| Q2 24 | $365.1M | $319.8M | ||
| Q1 24 | $326.3M | $302.0M |
| Q4 25 | $65.5M | $10.2M | ||
| Q3 25 | $86.3M | $14.3M | ||
| Q2 25 | $87.8M | $46.1M | ||
| Q1 25 | $69.1M | $-4.4M | ||
| Q4 24 | $62.2M | $8.2M | ||
| Q3 24 | $76.9M | $13.7M | ||
| Q2 24 | $65.9M | $8.0M | ||
| Q1 24 | $59.9M | $14.0M |
| Q4 25 | 39.8% | 31.1% | ||
| Q3 25 | 42.0% | 30.7% | ||
| Q2 25 | 41.4% | 31.5% | ||
| Q1 25 | 39.2% | 31.5% | ||
| Q4 24 | 39.1% | 32.7% | ||
| Q3 24 | 42.4% | 33.7% | ||
| Q2 24 | 40.9% | 33.6% | ||
| Q1 24 | 38.1% | 33.0% |
| Q4 25 | 23.7% | 3.4% | ||
| Q3 25 | 27.6% | 3.0% | ||
| Q2 25 | 29.0% | 2.6% | ||
| Q1 25 | 25.7% | 0.4% | ||
| Q4 24 | 22.3% | 3.5% | ||
| Q3 24 | 28.8% | 6.2% | ||
| Q2 24 | 26.0% | 1.2% | ||
| Q1 24 | 26.4% | 4.3% |
| Q4 25 | 16.9% | 2.6% | ||
| Q3 25 | 20.3% | 3.6% | ||
| Q2 25 | 20.7% | 12.6% | ||
| Q1 25 | 18.1% | -1.3% | ||
| Q4 24 | 16.9% | 2.4% | ||
| Q3 24 | 19.9% | 3.9% | ||
| Q2 24 | 18.0% | 2.5% | ||
| Q1 24 | 18.4% | 4.6% |
| Q4 25 | $1.51 | $0.23 | ||
| Q3 25 | $1.98 | $0.31 | ||
| Q2 25 | $2.01 | $0.99 | ||
| Q1 25 | $1.58 | $-0.10 | ||
| Q4 24 | $1.41 | $0.18 | ||
| Q3 24 | $1.75 | $0.30 | ||
| Q2 24 | $1.50 | $0.17 | ||
| Q1 24 | $1.36 | $0.30 |
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 | $377.0M |
| Total DebtLower is stronger | — | $25.7M |
| Stockholders' EquityBook value | $900.7M | $1.9B |
| Total Assets | $1.9B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $377.0M | ||
| Q3 25 | $90.1M | $386.4M | ||
| Q2 25 | $81.1M | $327.3M | ||
| Q1 25 | $82.8M | $343.9M | ||
| Q4 24 | $79.3M | $316.1M | ||
| Q3 24 | $73.7M | $319.3M | ||
| Q2 24 | $73.6M | $273.9M | ||
| Q1 24 | $69.6M | $276.0M |
| Q4 25 | — | $25.7M | ||
| Q3 25 | — | $24.9M | ||
| Q2 25 | — | $26.4M | ||
| Q1 25 | — | $20.5M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $20.3M | ||
| Q1 24 | — | $20.9M |
| Q4 25 | $900.7M | $1.9B | ||
| Q3 25 | $889.2M | $1.9B | ||
| Q2 25 | $837.8M | $1.9B | ||
| Q1 25 | $793.4M | $1.8B | ||
| Q4 24 | $757.1M | $1.8B | ||
| Q3 24 | $717.0M | $1.8B | ||
| Q2 24 | $669.0M | $1.8B | ||
| Q1 24 | $626.8M | $1.7B |
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.01× |
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 | $38.1M |
| Free Cash FlowOCF − Capex | $62.2M | $12.4M |
| FCF MarginFCF / Revenue | 16.0% | 3.2% |
| Capex IntensityCapex / Revenue | 12.3% | 6.6% |
| Cash ConversionOCF / Net Profit | 1.68× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $137.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $38.1M | ||
| Q3 25 | $122.9M | $79.1M | ||
| Q2 25 | $81.6M | $41.5M | ||
| Q1 25 | $41.0M | $56.7M | ||
| Q4 24 | $86.6M | $81.8M | ||
| Q3 24 | $96.5M | $54.4M | ||
| Q2 24 | $57.3M | $14.4M | ||
| Q1 24 | $26.4M | $-31.1M |
| Q4 25 | $62.2M | $12.4M | ||
| Q3 25 | $100.3M | $62.8M | ||
| Q2 25 | $61.7M | $21.1M | ||
| Q1 25 | $21.9M | $40.8M | ||
| Q4 24 | $57.8M | $62.1M | ||
| Q3 24 | $77.1M | $39.4M | ||
| Q2 24 | $37.4M | $-3.5M | ||
| Q1 24 | $11.7M | $-51.5M |
| Q4 25 | 16.0% | 3.2% | ||
| Q3 25 | 23.6% | 16.0% | ||
| Q2 25 | 14.5% | 5.8% | ||
| Q1 25 | 5.7% | 12.3% | ||
| Q4 24 | 15.7% | 18.3% | ||
| Q3 24 | 19.9% | 11.2% | ||
| Q2 24 | 10.2% | -1.1% | ||
| Q1 24 | 3.6% | -17.1% |
| Q4 25 | 12.3% | 6.6% | ||
| Q3 25 | 5.3% | 4.2% | ||
| Q2 25 | 4.7% | 5.6% | ||
| Q1 25 | 5.0% | 4.8% | ||
| Q4 24 | 7.8% | 5.8% | ||
| Q3 24 | 5.0% | 4.3% | ||
| Q2 24 | 5.5% | 5.6% | ||
| Q1 24 | 4.5% | 6.7% |
| Q4 25 | 1.68× | 3.74× | ||
| Q3 25 | 1.42× | 5.54× | ||
| Q2 25 | 0.93× | 0.90× | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 1.39× | 9.93× | ||
| Q3 24 | 1.25× | 3.95× | ||
| Q2 24 | 0.87× | 1.80× | ||
| Q1 24 | 0.44× | -2.22× |
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% |
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
