vs
Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Douglas Elliman Inc. (DOUG). 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 $245.4M, roughly 1.6× Douglas Elliman Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 16.9%, a 11.1% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 0.9%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% 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.
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
AWI vs DOUG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $245.4M |
| Net Profit | $65.5M | $68.6M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 27.3% |
| Net Margin | 16.9% | 27.9% |
| Revenue YoY | 5.6% | 0.9% |
| Net Profit YoY | 5.3% | 1243.4% |
| EPS (diluted) | $1.51 | $0.80 |
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 | $245.4M | ||
| Q3 25 | $425.2M | $262.8M | ||
| Q2 25 | $424.6M | $271.4M | ||
| Q1 25 | $382.7M | $253.4M | ||
| Q4 24 | $367.7M | $243.3M | ||
| Q3 24 | $386.6M | $266.3M | ||
| Q2 24 | $365.1M | $285.8M | ||
| Q1 24 | $326.3M | $200.2M |
| Q4 25 | $65.5M | $68.6M | ||
| Q3 25 | $86.3M | $-24.7M | ||
| Q2 25 | $87.8M | $-22.7M | ||
| Q1 25 | $69.1M | $-6.0M | ||
| Q4 24 | $62.2M | $-6.0M | ||
| Q3 24 | $76.9M | $-27.2M | ||
| Q2 24 | $65.9M | $-1.7M | ||
| Q1 24 | $59.9M | $-41.5M |
| 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 24 | 38.1% | — |
| Q4 25 | 23.7% | 27.3% | ||
| Q3 25 | 27.6% | -4.1% | ||
| Q2 25 | 29.0% | -2.0% | ||
| Q1 25 | 25.7% | -2.1% | ||
| Q4 24 | 22.3% | -6.7% | ||
| Q3 24 | 28.8% | -2.8% | ||
| Q2 24 | 26.0% | -1.3% | ||
| Q1 24 | 26.4% | -20.7% |
| Q4 25 | 16.9% | 27.9% | ||
| Q3 25 | 20.3% | -9.4% | ||
| Q2 25 | 20.7% | -8.4% | ||
| Q1 25 | 18.1% | -2.4% | ||
| Q4 24 | 16.9% | -2.5% | ||
| Q3 24 | 19.9% | -10.2% | ||
| Q2 24 | 18.0% | -0.6% | ||
| Q1 24 | 18.4% | -20.7% |
| Q4 25 | $1.51 | $0.80 | ||
| Q3 25 | $1.98 | $-0.29 | ||
| Q2 25 | $2.01 | $-0.27 | ||
| Q1 25 | $1.58 | $-0.07 | ||
| Q4 24 | $1.41 | $-0.06 | ||
| Q3 24 | $1.75 | $-0.33 | ||
| Q2 24 | $1.50 | $-0.02 | ||
| Q1 24 | $1.36 | $-0.50 |
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 | $115.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $183.9M |
| Total Assets | $1.9B | $444.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $115.5M | ||
| Q3 25 | $90.1M | $143.0M | ||
| Q2 25 | $81.1M | $136.3M | ||
| Q1 25 | $82.8M | $136.8M | ||
| Q4 24 | $79.3M | $145.5M | ||
| Q3 24 | $73.7M | $151.4M | ||
| Q2 24 | $73.6M | $92.9M | ||
| Q1 24 | $69.6M | $91.5M |
| Q4 25 | $900.7M | $183.9M | ||
| Q3 25 | $889.2M | $115.1M | ||
| Q2 25 | $837.8M | $137.6M | ||
| Q1 25 | $793.4M | $158.2M | ||
| Q4 24 | $757.1M | $162.2M | ||
| Q3 24 | $717.0M | $173.6M | ||
| Q2 24 | $669.0M | $196.9M | ||
| Q1 24 | $626.8M | $195.1M |
| Q4 25 | $1.9B | $444.4M | ||
| Q3 25 | $1.9B | $480.6M | ||
| Q2 25 | $1.9B | $489.0M | ||
| Q1 25 | $1.9B | $493.9M | ||
| Q4 24 | $1.8B | $493.9M | ||
| Q3 24 | $1.8B | $502.7M | ||
| Q2 24 | $1.8B | $463.9M | ||
| Q1 24 | $1.7B | $461.1M |
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 | $-14.4M |
| Free Cash FlowOCF − Capex | $62.2M | $-14.7M |
| FCF MarginFCF / Revenue | 16.0% | -6.0% |
| Capex IntensityCapex / Revenue | 12.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.68× | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $-17.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $-14.4M | ||
| Q3 25 | $122.9M | $5.5M | ||
| Q2 25 | $81.6M | $642.0K | ||
| Q1 25 | $41.0M | $-5.6M | ||
| Q4 24 | $86.6M | $-9.0M | ||
| Q3 24 | $96.5M | $9.0M | ||
| Q2 24 | $57.3M | $1.3M | ||
| Q1 24 | $26.4M | $-27.3M |
| Q4 25 | $62.2M | $-14.7M | ||
| Q3 25 | $100.3M | $4.7M | ||
| Q2 25 | $61.7M | $-575.0K | ||
| Q1 25 | $21.9M | $-6.7M | ||
| Q4 24 | $57.8M | $-10.2M | ||
| Q3 24 | $77.1M | $7.7M | ||
| Q2 24 | $37.4M | $432.0K | ||
| Q1 24 | $11.7M | $-29.4M |
| Q4 25 | 16.0% | -6.0% | ||
| Q3 25 | 23.6% | 1.8% | ||
| Q2 25 | 14.5% | -0.2% | ||
| Q1 25 | 5.7% | -2.6% | ||
| Q4 24 | 15.7% | -4.2% | ||
| Q3 24 | 19.9% | 2.9% | ||
| Q2 24 | 10.2% | 0.2% | ||
| Q1 24 | 3.6% | -14.7% |
| Q4 25 | 12.3% | 0.1% | ||
| Q3 25 | 5.3% | 0.3% | ||
| Q2 25 | 4.7% | 0.4% | ||
| Q1 25 | 5.0% | 0.4% | ||
| Q4 24 | 7.8% | 0.5% | ||
| Q3 24 | 5.0% | 0.5% | ||
| Q2 24 | 5.5% | 0.3% | ||
| Q1 24 | 4.5% | 1.0% |
| Q4 25 | 1.68× | -0.21× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.87× | — | ||
| 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% |
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
