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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and GRIFFON CORP (GFF). Click either name above to swap in a different company.
GRIFFON CORP is the larger business by last-quarter revenue ($649.1M vs $388.3M, roughly 1.7× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 9.9%, a 6.9% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 2.6%). GRIFFON CORP produced more free cash flow last quarter ($99.3M vs $62.2M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs -1.8%).
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.
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
AWI vs GFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $649.1M |
| Net Profit | $65.5M | $64.4M |
| Gross Margin | 39.8% | 41.1% |
| Operating Margin | 23.7% | 17.5% |
| Net Margin | 16.9% | 9.9% |
| Revenue YoY | 5.6% | 2.6% |
| Net Profit YoY | 5.3% | -9.1% |
| EPS (diluted) | $1.51 | $1.41 |
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 | $649.1M | ||
| Q3 25 | $425.2M | $662.2M | ||
| Q2 25 | $424.6M | $613.6M | ||
| Q1 25 | $382.7M | $611.7M | ||
| Q4 24 | $367.7M | $632.4M | ||
| Q3 24 | $386.6M | $659.7M | ||
| Q2 24 | $365.1M | $647.8M | ||
| Q1 24 | $326.3M | $672.9M |
| Q4 25 | $65.5M | $64.4M | ||
| Q3 25 | $86.3M | $43.6M | ||
| Q2 25 | $87.8M | $-120.1M | ||
| Q1 25 | $69.1M | $56.8M | ||
| Q4 24 | $62.2M | $70.9M | ||
| Q3 24 | $76.9M | $62.5M | ||
| Q2 24 | $65.9M | $41.1M | ||
| Q1 24 | $59.9M | $64.1M |
| Q4 25 | 39.8% | 41.1% | ||
| Q3 25 | 42.0% | 41.7% | ||
| Q2 25 | 41.4% | 43.2% | ||
| Q1 25 | 39.2% | 41.2% | ||
| Q4 24 | 39.1% | 41.8% | ||
| Q3 24 | 42.4% | 39.9% | ||
| Q2 24 | 40.9% | 38.5% | ||
| Q1 24 | 38.1% | 40.2% |
| Q4 25 | 23.7% | 17.5% | ||
| Q3 25 | 27.6% | 18.0% | ||
| Q2 25 | 29.0% | -20.5% | ||
| Q1 25 | 25.7% | 16.5% | ||
| Q4 24 | 22.3% | 17.7% | ||
| Q3 24 | 28.8% | 16.9% | ||
| Q2 24 | 26.0% | 13.8% | ||
| Q1 24 | 26.4% | 16.9% |
| Q4 25 | 16.9% | 9.9% | ||
| Q3 25 | 20.3% | 6.6% | ||
| Q2 25 | 20.7% | -19.6% | ||
| Q1 25 | 18.1% | 9.3% | ||
| Q4 24 | 16.9% | 11.2% | ||
| Q3 24 | 19.9% | 9.5% | ||
| Q2 24 | 18.0% | 6.3% | ||
| Q1 24 | 18.4% | 9.5% |
| Q4 25 | $1.51 | $1.41 | ||
| Q3 25 | $1.98 | $1.04 | ||
| Q2 25 | $2.01 | $-2.65 | ||
| Q1 25 | $1.58 | $1.21 | ||
| Q4 24 | $1.41 | $1.49 | ||
| Q3 24 | $1.75 | $1.29 | ||
| Q2 24 | $1.50 | $0.84 | ||
| Q1 24 | $1.36 | $1.28 |
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 | $95.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $108.9M |
| Total Assets | $1.9B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $95.3M | ||
| Q3 25 | $90.1M | $99.0M | ||
| Q2 25 | $81.1M | $107.3M | ||
| Q1 25 | $82.8M | $127.8M | ||
| Q4 24 | $79.3M | $152.0M | ||
| Q3 24 | $73.7M | $114.4M | ||
| Q2 24 | $73.6M | $133.5M | ||
| Q1 24 | $69.6M | $123.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | $900.7M | $108.9M | ||
| Q3 25 | $889.2M | $74.0M | ||
| Q2 25 | $837.8M | $63.9M | ||
| Q1 25 | $793.4M | $214.7M | ||
| Q4 24 | $757.1M | $227.8M | ||
| Q3 24 | $717.0M | $224.9M | ||
| Q2 24 | $669.0M | $223.5M | ||
| Q1 24 | $626.8M | $202.2M |
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 22.71× | ||
| Q1 25 | — | 7.16× | ||
| Q4 24 | — | 6.48× | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | — | 6.74× | ||
| Q1 24 | — | 7.84× |
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 | $107.0M |
| Free Cash FlowOCF − Capex | $62.2M | $99.3M |
| FCF MarginFCF / Revenue | 16.0% | 15.3% |
| Capex IntensityCapex / Revenue | 12.3% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.68× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $107.0M | ||
| Q3 25 | $122.9M | $75.0M | ||
| Q2 25 | $81.6M | $123.1M | ||
| Q1 25 | $41.0M | $16.5M | ||
| Q4 24 | $86.6M | $142.9M | ||
| Q3 24 | $96.5M | $72.1M | ||
| Q2 24 | $57.3M | $122.1M | ||
| Q1 24 | $26.4M | $39.8M |
| Q4 25 | $62.2M | $99.3M | ||
| Q3 25 | $100.3M | $62.4M | ||
| Q2 25 | $61.7M | $114.4M | ||
| Q1 25 | $21.9M | $2.8M | ||
| Q4 24 | $57.8M | $125.5M | ||
| Q3 24 | $77.1M | $51.6M | ||
| Q2 24 | $37.4M | $107.5M | ||
| Q1 24 | $11.7M | $20.8M |
| Q4 25 | 16.0% | 15.3% | ||
| Q3 25 | 23.6% | 9.4% | ||
| Q2 25 | 14.5% | 18.6% | ||
| Q1 25 | 5.7% | 0.5% | ||
| Q4 24 | 15.7% | 19.8% | ||
| Q3 24 | 19.9% | 7.8% | ||
| Q2 24 | 10.2% | 16.6% | ||
| Q1 24 | 3.6% | 3.1% |
| Q4 25 | 12.3% | 1.2% | ||
| Q3 25 | 5.3% | 1.9% | ||
| Q2 25 | 4.7% | 1.4% | ||
| Q1 25 | 5.0% | 2.2% | ||
| Q4 24 | 7.8% | 2.8% | ||
| Q3 24 | 5.0% | 3.1% | ||
| Q2 24 | 5.5% | 2.2% | ||
| Q1 24 | 4.5% | 2.8% |
| Q4 25 | 1.68× | 1.66× | ||
| Q3 25 | 1.42× | 1.72× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | 0.29× | ||
| Q4 24 | 1.39× | 2.02× | ||
| Q3 24 | 1.25× | 1.15× | ||
| Q2 24 | 0.87× | 2.97× | ||
| Q1 24 | 0.44× | 0.62× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
