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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Gogo Inc. (GOGO). 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 $230.6M, roughly 1.7× Gogo Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -4.3%, a 21.2% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 9.1%).
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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
AWI vs GOGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $230.6M |
| Net Profit | $65.5M | $-10.0M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 6.2% |
| Net Margin | 16.9% | -4.3% |
| Revenue YoY | 5.6% | 67.3% |
| Net Profit YoY | 5.3% | 64.6% |
| EPS (diluted) | $1.51 | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $425.2M | $223.6M | ||
| Q2 25 | $424.6M | $226.0M | ||
| Q1 25 | $382.7M | $230.3M | ||
| Q4 24 | $367.7M | $137.8M | ||
| Q3 24 | $386.6M | $100.5M | ||
| Q2 24 | $365.1M | $102.1M | ||
| Q1 24 | $326.3M | $104.3M |
| Q4 25 | $65.5M | $-10.0M | ||
| Q3 25 | $86.3M | $-1.9M | ||
| Q2 25 | $87.8M | $12.8M | ||
| Q1 25 | $69.1M | $12.0M | ||
| Q4 24 | $62.2M | $-28.2M | ||
| Q3 24 | $76.9M | $10.6M | ||
| Q2 24 | $65.9M | $839.0K | ||
| Q1 24 | $59.9M | $30.5M |
| Q4 25 | 39.8% | — | ||
| Q3 25 | 42.0% | — | ||
| Q2 25 | 41.4% | 87.8% | ||
| Q1 25 | 39.2% | 87.3% | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 23.7% | 6.2% | ||
| Q3 25 | 27.6% | 12.9% | ||
| Q2 25 | 29.0% | 15.9% | ||
| Q1 25 | 25.7% | 15.3% | ||
| Q4 24 | 22.3% | -17.5% | ||
| Q3 24 | 28.8% | 19.0% | ||
| Q2 24 | 26.0% | 21.2% | ||
| Q1 24 | 26.4% | 33.2% |
| Q4 25 | 16.9% | -4.3% | ||
| Q3 25 | 20.3% | -0.9% | ||
| Q2 25 | 20.7% | 5.7% | ||
| Q1 25 | 18.1% | 5.2% | ||
| Q4 24 | 16.9% | -20.5% | ||
| Q3 24 | 19.9% | 10.6% | ||
| Q2 24 | 18.0% | 0.8% | ||
| Q1 24 | 18.4% | 29.2% |
| Q4 25 | $1.51 | $-0.08 | ||
| Q3 25 | $1.98 | $-0.01 | ||
| Q2 25 | $2.01 | $0.09 | ||
| Q1 25 | $1.58 | $0.09 | ||
| Q4 24 | $1.41 | $-0.22 | ||
| Q3 24 | $1.75 | $0.08 | ||
| Q2 24 | $1.50 | $0.01 | ||
| Q1 24 | $1.36 | $0.23 |
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 | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $101.1M |
| Total Assets | $1.9B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $125.2M | ||
| Q3 25 | $90.1M | $133.6M | ||
| Q2 25 | $81.1M | $102.1M | ||
| Q1 25 | $82.8M | $70.3M | ||
| Q4 24 | $79.3M | $41.8M | ||
| Q3 24 | $73.7M | $176.7M | ||
| Q2 24 | $73.6M | $161.6M | ||
| Q1 24 | $69.6M | $152.8M |
| Q4 25 | $900.7M | $101.1M | ||
| Q3 25 | $889.2M | $107.0M | ||
| Q2 25 | $837.8M | $102.8M | ||
| Q1 25 | $793.4M | $82.9M | ||
| Q4 24 | $757.1M | $69.3M | ||
| Q3 24 | $717.0M | $52.7M | ||
| Q2 24 | $669.0M | $52.0M | ||
| Q1 24 | $626.8M | $62.4M |
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $810.7M | ||
| Q2 24 | $1.8B | $802.7M | ||
| Q1 24 | $1.7B | $809.0M |
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 | $8.5M |
| Free Cash FlowOCF − Capex | $62.2M | $-25.4M |
| FCF MarginFCF / Revenue | 16.0% | -11.0% |
| Capex IntensityCapex / Revenue | 12.3% | 14.7% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $8.5M | ||
| Q3 25 | $122.9M | $46.8M | ||
| Q2 25 | $81.6M | $36.7M | ||
| Q1 25 | $41.0M | $32.5M | ||
| Q4 24 | $86.6M | $-38.3M | ||
| Q3 24 | $96.5M | $25.1M | ||
| Q2 24 | $57.3M | $24.9M | ||
| Q1 24 | $26.4M | $29.7M |
| Q4 25 | $62.2M | $-25.4M | ||
| Q3 25 | $100.3M | $27.3M | ||
| Q2 25 | $61.7M | $33.5M | ||
| Q1 25 | $21.9M | $29.7M | ||
| Q4 24 | $57.8M | $-42.6M | ||
| Q3 24 | $77.1M | $20.7M | ||
| Q2 24 | $37.4M | $21.6M | ||
| Q1 24 | $11.7M | $28.2M |
| Q4 25 | 16.0% | -11.0% | ||
| Q3 25 | 23.6% | 12.2% | ||
| Q2 25 | 14.5% | 14.8% | ||
| Q1 25 | 5.7% | 12.9% | ||
| Q4 24 | 15.7% | -30.9% | ||
| Q3 24 | 19.9% | 20.6% | ||
| Q2 24 | 10.2% | 21.1% | ||
| Q1 24 | 3.6% | 27.0% |
| Q4 25 | 12.3% | 14.7% | ||
| Q3 25 | 5.3% | 8.7% | ||
| Q2 25 | 4.7% | 1.4% | ||
| Q1 25 | 5.0% | 1.2% | ||
| Q4 24 | 7.8% | 3.1% | ||
| Q3 24 | 5.0% | 4.4% | ||
| Q2 24 | 5.5% | 3.3% | ||
| Q1 24 | 4.5% | 1.4% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.93× | 2.87× | ||
| Q1 25 | 0.59× | 2.70× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | 2.36× | ||
| Q2 24 | 0.87× | 29.74× | ||
| Q1 24 | 0.44× | 0.97× |
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% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
