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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $388.3M, roughly 1.2× ARMSTRONG WORLD INDUSTRIES INC). Essex Property Trust runs the higher net margin — 17.9% vs 16.9%, a 1.0% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 5.5%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 6.0%).
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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
AWI vs ESS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $479.6M |
| Net Profit | $65.5M | $85.7M |
| Gross Margin | 39.8% | 70.0% |
| Operating Margin | 23.7% | 31.7% |
| Net Margin | 16.9% | 17.9% |
| Revenue YoY | 5.6% | 5.5% |
| Net Profit YoY | 5.3% | -71.6% |
| EPS (diluted) | $1.51 | $1.24 |
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 | $479.6M | ||
| Q3 25 | $425.2M | $473.3M | ||
| Q2 25 | $424.6M | $469.8M | ||
| Q1 25 | $382.7M | $464.6M | ||
| Q4 24 | $367.7M | $454.5M | ||
| Q3 24 | $386.6M | $450.7M | ||
| Q2 24 | $365.1M | $442.4M | ||
| Q1 24 | $326.3M | $426.9M |
| Q4 25 | $65.5M | $85.7M | ||
| Q3 25 | $86.3M | $172.7M | ||
| Q2 25 | $87.8M | $231.5M | ||
| Q1 25 | $69.1M | $212.8M | ||
| Q4 24 | $62.2M | $301.7M | ||
| Q3 24 | $76.9M | $125.5M | ||
| Q2 24 | $65.9M | $99.0M | ||
| Q1 24 | $59.9M | $285.1M |
| Q4 25 | 39.8% | 70.0% | ||
| Q3 25 | 42.0% | 69.2% | ||
| Q2 25 | 41.4% | 70.7% | ||
| Q1 25 | 39.2% | 69.6% | ||
| Q4 24 | 39.1% | 70.0% | ||
| Q3 24 | 42.4% | 69.5% | ||
| Q2 24 | 40.9% | 70.8% | ||
| Q1 24 | 38.1% | 69.7% |
| Q4 25 | 23.7% | 31.7% | ||
| Q3 25 | 27.6% | 44.5% | ||
| Q2 25 | 29.0% | 59.5% | ||
| Q1 25 | 25.7% | 55.3% | ||
| Q4 24 | 22.3% | 67.0% | ||
| Q3 24 | 28.8% | 28.6% | ||
| Q2 24 | 26.0% | 31.1% | ||
| Q1 24 | 26.4% | 31.0% |
| Q4 25 | 16.9% | 17.9% | ||
| Q3 25 | 20.3% | 36.5% | ||
| Q2 25 | 20.7% | 49.3% | ||
| Q1 25 | 18.1% | 45.8% | ||
| Q4 24 | 16.9% | 66.4% | ||
| Q3 24 | 19.9% | 27.8% | ||
| Q2 24 | 18.0% | 22.4% | ||
| Q1 24 | 18.4% | 66.8% |
| Q4 25 | $1.51 | $1.24 | ||
| Q3 25 | $1.98 | $2.56 | ||
| Q2 25 | $2.01 | $3.44 | ||
| Q1 25 | $1.58 | $3.16 | ||
| Q4 24 | $1.41 | $4.00 | ||
| Q3 24 | $1.75 | $1.84 | ||
| Q2 24 | $1.50 | $1.45 | ||
| Q1 24 | $1.36 | $4.25 |
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 | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $5.5B |
| Total Assets | $1.9B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $76.2M | ||
| Q3 25 | $90.1M | $66.0M | ||
| Q2 25 | $81.1M | $58.7M | ||
| Q1 25 | $82.8M | $98.7M | ||
| Q4 24 | $79.3M | $66.8M | ||
| Q3 24 | $73.7M | $71.3M | ||
| Q2 24 | $73.6M | $55.2M | ||
| Q1 24 | $69.6M | $499.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
| Q4 25 | $900.7M | $5.5B | ||
| Q3 25 | $889.2M | $5.6B | ||
| Q2 25 | $837.8M | $5.6B | ||
| Q1 25 | $793.4M | $5.6B | ||
| Q4 24 | $757.1M | $5.5B | ||
| Q3 24 | $717.0M | $5.4B | ||
| Q2 24 | $669.0M | $5.5B | ||
| Q1 24 | $626.8M | $5.5B |
| Q4 25 | $1.9B | $13.2B | ||
| Q3 25 | $1.9B | $13.2B | ||
| Q2 25 | $1.9B | $13.2B | ||
| Q1 25 | $1.9B | $13.2B | ||
| Q4 24 | $1.8B | $12.9B | ||
| Q3 24 | $1.8B | $12.6B | ||
| Q2 24 | $1.8B | $12.5B | ||
| Q1 24 | $1.7B | $12.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $1.1B | ||
| Q3 25 | $122.9M | $342.6M | ||
| Q2 25 | $81.6M | $216.1M | ||
| Q1 25 | $41.0M | $281.5M | ||
| Q4 24 | $86.6M | $1.1B | ||
| Q3 24 | $96.5M | $316.2M | ||
| Q2 24 | $57.3M | $218.9M | ||
| Q1 24 | $26.4M | $314.9M |
| Q4 25 | $62.2M | — | ||
| Q3 25 | $100.3M | — | ||
| Q2 25 | $61.7M | — | ||
| Q1 25 | $21.9M | — | ||
| Q4 24 | $57.8M | — | ||
| Q3 24 | $77.1M | — | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | 16.0% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 12.3% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 4.5% | — |
| Q4 25 | 1.68× | 12.53× | ||
| Q3 25 | 1.42× | 1.98× | ||
| Q2 25 | 0.93× | 0.93× | ||
| Q1 25 | 0.59× | 1.32× | ||
| Q4 24 | 1.39× | 3.54× | ||
| Q3 24 | 1.25× | 2.52× | ||
| Q2 24 | 0.87× | 2.21× | ||
| Q1 24 | 0.44× | 1.10× |
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% |
ESS
Segment breakdown not available.
