vs
Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $388.3M, roughly 1.1× ARMSTRONG WORLD INDUSTRIES INC). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 16.9%, a 40.1% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 5.6%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
AWI vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $420.0M |
| Net Profit | $65.5M | $239.4M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 79.4% |
| Net Margin | 16.9% | 57.0% |
| Revenue YoY | 5.6% | 6.3% |
| Net Profit YoY | 5.3% | 40.5% |
| EPS (diluted) | $1.51 | — |
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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $388.3M | $407.0M | ||
| Q3 25 | $425.2M | $397.6M | ||
| Q2 25 | $424.6M | $394.9M | ||
| Q1 25 | $382.7M | $395.2M | ||
| Q4 24 | $367.7M | $389.6M | ||
| Q3 24 | $386.6M | $385.3M | ||
| Q2 24 | $365.1M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $65.5M | $275.4M | ||
| Q3 25 | $86.3M | $241.2M | ||
| Q2 25 | $87.8M | $151.4M | ||
| Q1 25 | $69.1M | $165.2M | ||
| Q4 24 | $62.2M | $223.6M | ||
| Q3 24 | $76.9M | $184.7M | ||
| Q2 24 | $65.9M | $208.3M |
| 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% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 23.7% | 89.3% | ||
| Q3 25 | 27.6% | 84.8% | ||
| Q2 25 | 29.0% | 61.3% | ||
| Q1 25 | 25.7% | 65.5% | ||
| Q4 24 | 22.3% | 79.1% | ||
| Q3 24 | 28.8% | 70.4% | ||
| Q2 24 | 26.0% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 16.9% | 67.6% | ||
| Q3 25 | 20.3% | 60.7% | ||
| Q2 25 | 20.7% | 38.4% | ||
| Q1 25 | 18.1% | 41.8% | ||
| Q4 24 | 16.9% | 57.4% | ||
| Q3 24 | 19.9% | 47.9% | ||
| Q2 24 | 18.0% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $1.51 | $0.96 | ||
| Q3 25 | $1.98 | $0.85 | ||
| Q2 25 | $2.01 | $0.54 | ||
| Q1 25 | $1.58 | $0.60 | ||
| Q4 24 | $1.41 | $0.79 | ||
| Q3 24 | $1.75 | $0.67 | ||
| Q2 24 | $1.50 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $5.0B |
| Total Assets | $1.9B | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $112.7M | — | ||
| Q3 25 | $90.1M | — | ||
| Q2 25 | $81.1M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | $79.3M | $560.8M | ||
| Q3 24 | $73.7M | $560.8M | ||
| Q2 24 | $73.6M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $900.7M | $4.6B | ||
| Q3 25 | $889.2M | $4.6B | ||
| Q2 25 | $837.8M | $4.6B | ||
| Q1 25 | $793.4M | $4.2B | ||
| Q4 24 | $757.1M | $4.3B | ||
| Q3 24 | $717.0M | $4.3B | ||
| Q2 24 | $669.0M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.9B | $12.9B | ||
| Q3 25 | $1.9B | $12.8B | ||
| Q2 25 | $1.9B | $12.5B | ||
| Q1 25 | $1.9B | $12.1B | ||
| Q4 24 | $1.8B | $13.1B | ||
| Q3 24 | $1.8B | $12.7B | ||
| Q2 24 | $1.8B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $110.0M | $1.1B | ||
| Q3 25 | $122.9M | $240.3M | ||
| Q2 25 | $81.6M | $293.4M | ||
| Q1 25 | $41.0M | $252.5M | ||
| Q4 24 | $86.6M | $1.1B | ||
| Q3 24 | $96.5M | $270.4M | ||
| Q2 24 | $57.3M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | — | ||
| Q3 25 | $100.3M | $183.0M | ||
| Q2 25 | $61.7M | $272.3M | ||
| Q1 25 | $21.9M | $239.6M | ||
| Q4 24 | $57.8M | $1.1B | ||
| Q3 24 | $77.1M | $261.5M | ||
| Q2 24 | $37.4M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 23.6% | 46.0% | ||
| Q2 25 | 14.5% | 69.0% | ||
| Q1 25 | 5.7% | 60.6% | ||
| Q4 24 | 15.7% | 275.3% | ||
| Q3 24 | 19.9% | 67.9% | ||
| Q2 24 | 10.2% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 5.3% | 14.4% | ||
| Q2 25 | 4.7% | 5.3% | ||
| Q1 25 | 5.0% | 3.3% | ||
| Q4 24 | 7.8% | 0.0% | ||
| Q3 24 | 5.0% | 2.3% | ||
| Q2 24 | 5.5% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 4.10× | ||
| Q3 25 | 1.42× | 1.00× | ||
| Q2 25 | 0.93× | 1.94× | ||
| Q1 25 | 0.59× | 1.53× | ||
| Q4 24 | 1.39× | 4.80× | ||
| Q3 24 | 1.25× | 1.46× | ||
| Q2 24 | 0.87× | 1.21× |
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% |
GLPI
Segment breakdown not available.
