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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and ESCO TECHNOLOGIES INC (ESE). 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 $289.7M, roughly 1.3× ESCO TECHNOLOGIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 9.9%, a 7.0% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 5.6%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $62.2M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 7.8%).
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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
AWI vs ESE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $289.7M |
| Net Profit | $65.5M | $28.7M |
| Gross Margin | 39.8% | 41.4% |
| Operating Margin | 23.7% | 13.2% |
| Net Margin | 16.9% | 9.9% |
| Revenue YoY | 5.6% | 17.3% |
| Net Profit YoY | 5.3% | 22.2% |
| EPS (diluted) | $1.51 | $1.11 |
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 | $289.7M | ||
| Q3 25 | $425.2M | $286.5M | ||
| Q2 25 | $424.6M | $296.3M | ||
| Q1 25 | $382.7M | $265.5M | ||
| Q4 24 | $367.7M | $247.0M | ||
| Q3 24 | $386.6M | $298.5M | ||
| Q2 24 | $365.1M | $260.8M | ||
| Q1 24 | $326.3M | $249.1M |
| Q4 25 | $65.5M | $28.7M | ||
| Q3 25 | $86.3M | $218.7M | ||
| Q2 25 | $87.8M | $26.1M | ||
| Q1 25 | $69.1M | $31.0M | ||
| Q4 24 | $62.2M | $23.5M | ||
| Q3 24 | $76.9M | $34.3M | ||
| Q2 24 | $65.9M | $29.2M | ||
| Q1 24 | $59.9M | $23.2M |
| Q4 25 | 39.8% | 41.4% | ||
| Q3 25 | 42.0% | 45.9% | ||
| Q2 25 | 41.4% | 41.2% | ||
| Q1 25 | 39.2% | 41.1% | ||
| Q4 24 | 39.1% | 39.8% | ||
| Q3 24 | 42.4% | 40.1% | ||
| Q2 24 | 40.9% | 39.6% | ||
| Q1 24 | 38.1% | 38.8% |
| Q4 25 | 23.7% | 13.2% | ||
| Q3 25 | 27.6% | 17.2% | ||
| Q2 25 | 29.0% | 11.2% | ||
| Q1 25 | 25.7% | 15.3% | ||
| Q4 24 | 22.3% | 11.4% | ||
| Q3 24 | 28.8% | 14.8% | ||
| Q2 24 | 26.0% | 14.3% | ||
| Q1 24 | 26.4% | 11.7% |
| Q4 25 | 16.9% | 9.9% | ||
| Q3 25 | 20.3% | 76.3% | ||
| Q2 25 | 20.7% | 8.8% | ||
| Q1 25 | 18.1% | 11.7% | ||
| Q4 24 | 16.9% | 9.5% | ||
| Q3 24 | 19.9% | 11.5% | ||
| Q2 24 | 18.0% | 11.2% | ||
| Q1 24 | 18.4% | 9.3% |
| Q4 25 | $1.51 | $1.11 | ||
| Q3 25 | $1.98 | $8.43 | ||
| Q2 25 | $2.01 | $1.01 | ||
| Q1 25 | $1.58 | $1.20 | ||
| Q4 24 | $1.41 | $0.91 | ||
| Q3 24 | $1.75 | $1.32 | ||
| Q2 24 | $1.50 | $1.13 | ||
| Q1 24 | $1.36 | $0.90 |
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 | $103.8M |
| Total DebtLower is stronger | — | $145.5M |
| Stockholders' EquityBook value | $900.7M | $1.6B |
| Total Assets | $1.9B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $103.8M | ||
| Q3 25 | $90.1M | $101.3M | ||
| Q2 25 | $81.1M | $78.7M | ||
| Q1 25 | $82.8M | $57.4M | ||
| Q4 24 | $79.3M | $71.3M | ||
| Q3 24 | $73.7M | $66.0M | ||
| Q2 24 | $73.6M | $63.0M | ||
| Q1 24 | $69.6M | $59.4M |
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $173.0M | ||
| Q1 24 | — | $191.0M |
| Q4 25 | $900.7M | $1.6B | ||
| Q3 25 | $889.2M | $1.5B | ||
| Q2 25 | $837.8M | $1.3B | ||
| Q1 25 | $793.4M | $1.3B | ||
| Q4 24 | $757.1M | $1.2B | ||
| Q3 24 | $717.0M | $1.2B | ||
| Q2 24 | $669.0M | $1.2B | ||
| Q1 24 | $626.8M | $1.2B |
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.9B | $2.4B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.7B | $1.8B |
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.16× |
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 | $68.9M |
| Free Cash FlowOCF − Capex | $62.2M | $63.0M |
| FCF MarginFCF / Revenue | 16.0% | 21.7% |
| Capex IntensityCapex / Revenue | 12.3% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.68× | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $68.9M | ||
| Q3 25 | $122.9M | $109.9M | ||
| Q2 25 | $81.6M | $73.7M | ||
| Q1 25 | $41.0M | $24.1M | ||
| Q4 24 | $86.6M | $34.2M | ||
| Q3 24 | $96.5M | $72.1M | ||
| Q2 24 | $57.3M | $36.2M | ||
| Q1 24 | $26.4M | $10.5M |
| Q4 25 | $62.2M | $63.0M | ||
| Q3 25 | $100.3M | $97.8M | ||
| Q2 25 | $61.7M | $64.9M | ||
| Q1 25 | $21.9M | $14.0M | ||
| Q4 24 | $57.8M | $29.0M | ||
| Q3 24 | $77.1M | $60.9M | ||
| Q2 24 | $37.4M | $27.6M | ||
| Q1 24 | $11.7M | $2.0M |
| Q4 25 | 16.0% | 21.7% | ||
| Q3 25 | 23.6% | 34.1% | ||
| Q2 25 | 14.5% | 21.9% | ||
| Q1 25 | 5.7% | 5.3% | ||
| Q4 24 | 15.7% | 11.7% | ||
| Q3 24 | 19.9% | 20.4% | ||
| Q2 24 | 10.2% | 10.6% | ||
| Q1 24 | 3.6% | 0.8% |
| Q4 25 | 12.3% | 2.0% | ||
| Q3 25 | 5.3% | 4.2% | ||
| Q2 25 | 4.7% | 3.0% | ||
| Q1 25 | 5.0% | 3.8% | ||
| Q4 24 | 7.8% | 2.1% | ||
| Q3 24 | 5.0% | 3.8% | ||
| Q2 24 | 5.5% | 3.3% | ||
| Q1 24 | 4.5% | 3.4% |
| Q4 25 | 1.68× | 2.40× | ||
| Q3 25 | 1.42× | 0.50× | ||
| Q2 25 | 0.93× | 2.83× | ||
| Q1 25 | 0.59× | 0.78× | ||
| Q4 24 | 1.39× | 1.46× | ||
| Q3 24 | 1.25× | 2.10× | ||
| Q2 24 | 0.87× | 1.24× | ||
| Q1 24 | 0.44× | 0.45× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
