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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and DiamondRock Hospitality Co (DRH). 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 $258.2M, roughly 1.5× DiamondRock Hospitality Co). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 5.6%, a 11.3% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 1.3%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs -8.6%).

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.

DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.

AWI vs DRH — Head-to-Head

Bigger by revenue
AWI
AWI
1.5× larger
AWI
$388.3M
$258.2M
DRH
Growing faster (revenue YoY)
AWI
AWI
+4.3% gap
AWI
5.6%
1.3%
DRH
Higher net margin
AWI
AWI
11.3% more per $
AWI
16.9%
5.6%
DRH
Faster 2-yr revenue CAGR
AWI
AWI
Annualised
AWI
9.1%
-8.6%
DRH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AWI
AWI
DRH
DRH
Revenue
$388.3M
$258.2M
Net Profit
$65.5M
$14.5M
Gross Margin
39.8%
Operating Margin
23.7%
11.1%
Net Margin
16.9%
5.6%
Revenue YoY
5.6%
1.3%
Net Profit YoY
5.3%
22.0%
EPS (diluted)
$1.51
$0.07

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.

Revenue
AWI
AWI
DRH
DRH
Q1 26
$258.2M
Q4 25
$388.3M
$274.5M
Q3 25
$425.2M
$285.4M
Q2 25
$424.6M
$305.7M
Q1 25
$382.7M
$254.9M
Q4 24
$367.7M
$279.1M
Q3 24
$386.6M
$285.1M
Q2 24
$365.1M
$309.3M
Net Profit
AWI
AWI
DRH
DRH
Q1 26
$14.5M
Q4 25
$65.5M
$26.2M
Q3 25
$86.3M
$22.5M
Q2 25
$87.8M
$40.8M
Q1 25
$69.1M
$11.9M
Q4 24
$62.2M
$-11.2M
Q3 24
$76.9M
$26.4M
Q2 24
$65.9M
$24.5M
Gross Margin
AWI
AWI
DRH
DRH
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%
Operating Margin
AWI
AWI
DRH
DRH
Q1 26
11.1%
Q4 25
23.7%
8.9%
Q3 25
27.6%
8.1%
Q2 25
29.0%
13.7%
Q1 25
25.7%
4.3%
Q4 24
22.3%
-3.7%
Q3 24
28.8%
9.5%
Q2 24
26.0%
8.4%
Net Margin
AWI
AWI
DRH
DRH
Q1 26
5.6%
Q4 25
16.9%
9.5%
Q3 25
20.3%
7.9%
Q2 25
20.7%
13.4%
Q1 25
18.1%
4.7%
Q4 24
16.9%
-4.0%
Q3 24
19.9%
9.3%
Q2 24
18.0%
7.9%
EPS (diluted)
AWI
AWI
DRH
DRH
Q1 26
$0.07
Q4 25
$1.51
$0.12
Q3 25
$1.98
$0.10
Q2 25
$2.01
$0.18
Q1 25
$1.58
$0.04
Q4 24
$1.41
$-0.06
Q3 24
$1.75
$0.11
Q2 24
$1.50
$0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWI
AWI
DRH
DRH
Cash + ST InvestmentsLiquidity on hand
$112.7M
$39.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$900.7M
$1.4B
Total Assets
$1.9B
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWI
AWI
DRH
DRH
Q1 26
$39.3M
Q4 25
$112.7M
$68.1M
Q3 25
$90.1M
$145.3M
Q2 25
$81.1M
$52.4M
Q1 25
$82.8M
$100.6M
Q4 24
$79.3M
$81.4M
Q3 24
$73.7M
$75.3M
Q2 24
$73.6M
$125.2M
Total Debt
AWI
AWI
DRH
DRH
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
AWI
AWI
DRH
DRH
Q1 26
$1.4B
Q4 25
$900.7M
$1.4B
Q3 25
$889.2M
$1.6B
Q2 25
$837.8M
$1.6B
Q1 25
$793.4M
$1.6B
Q4 24
$757.1M
$1.6B
Q3 24
$717.0M
$1.6B
Q2 24
$669.0M
$1.6B
Total Assets
AWI
AWI
DRH
DRH
Q1 26
$3.0B
Q4 25
$1.9B
$3.0B
Q3 25
$1.9B
$3.1B
Q2 25
$1.9B
$3.1B
Q1 25
$1.9B
$3.1B
Q4 24
$1.8B
$3.2B
Q3 24
$1.8B
$3.2B
Q2 24
$1.8B
$3.2B
Debt / Equity
AWI
AWI
DRH
DRH
Q1 26
Q4 25
0.76×
Q3 25
0.70×
Q2 25
0.65×
Q1 25
0.70×
Q4 24
0.69×
Q3 24
0.67×
Q2 24
0.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWI
AWI
DRH
DRH
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.

Operating Cash Flow
AWI
AWI
DRH
DRH
Q1 26
Q4 25
$110.0M
$67.9M
Q3 25
$122.9M
$74.6M
Q2 25
$81.6M
$73.6M
Q1 25
$41.0M
$27.6M
Q4 24
$86.6M
$75.8M
Q3 24
$96.5M
$61.7M
Q2 24
$57.3M
$55.7M
Free Cash Flow
AWI
AWI
DRH
DRH
Q1 26
Q4 25
$62.2M
$47.3M
Q3 25
$100.3M
$54.9M
Q2 25
$61.7M
$57.9M
Q1 25
$21.9M
$2.0M
Q4 24
$57.8M
$52.6M
Q3 24
$77.1M
$39.0M
Q2 24
$37.4M
$38.8M
FCF Margin
AWI
AWI
DRH
DRH
Q1 26
Q4 25
16.0%
17.2%
Q3 25
23.6%
19.2%
Q2 25
14.5%
18.9%
Q1 25
5.7%
0.8%
Q4 24
15.7%
18.9%
Q3 24
19.9%
13.7%
Q2 24
10.2%
12.5%
Capex Intensity
AWI
AWI
DRH
DRH
Q1 26
Q4 25
12.3%
7.5%
Q3 25
5.3%
6.9%
Q2 25
4.7%
5.1%
Q1 25
5.0%
10.0%
Q4 24
7.8%
8.3%
Q3 24
5.0%
7.9%
Q2 24
5.5%
5.5%
Cash Conversion
AWI
AWI
DRH
DRH
Q1 26
Q4 25
1.68×
2.59×
Q3 25
1.42×
3.31×
Q2 25
0.93×
1.80×
Q1 25
0.59×
2.33×
Q4 24
1.39×
Q3 24
1.25×
2.33×
Q2 24
0.87×
2.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWI
AWI

Distributors$183.0M47%
Architectural Specialties$143.7M37%
Home Centers$27.2M7%
Retailers And Other$21.7M6%
Direct Customers$12.7M3%

DRH
DRH

Rooms$164.1M64%
Food and beverage$67.2M26%
Other$26.9M10%

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