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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Guardian Pharmacy Services, Inc. (GRDN). 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 $336.6M, roughly 1.2× Guardian Pharmacy Services, Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 4.0%, a 12.8% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 2.2%).
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.
CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.
AWI vs GRDN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $336.6M |
| Net Profit | $65.5M | $13.5M |
| Gross Margin | 39.8% | 22.7% |
| Operating Margin | 23.7% | 5.3% |
| Net Margin | 16.9% | 4.0% |
| Revenue YoY | 5.6% | 2.2% |
| Net Profit YoY | 5.3% | 46.1% |
| EPS (diluted) | $1.51 | $0.21 |
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 | — | $336.6M | ||
| Q4 25 | $388.3M | $397.6M | ||
| Q3 25 | $425.2M | $377.4M | ||
| Q2 25 | $424.6M | $344.3M | ||
| Q1 25 | $382.7M | $329.3M | ||
| Q4 24 | $367.7M | — | ||
| Q3 24 | $386.6M | $314.4M | ||
| Q2 24 | $365.1M | — |
| Q1 26 | — | $13.5M | ||
| Q4 25 | $65.5M | $20.9M | ||
| Q3 25 | $86.3M | $9.8M | ||
| Q2 25 | $87.8M | $9.0M | ||
| Q1 25 | $69.1M | $9.4M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $76.9M | $-122.0M | ||
| Q2 24 | $65.9M | — |
| Q1 26 | — | 22.7% | ||
| Q4 25 | 39.8% | 21.5% | ||
| Q3 25 | 42.0% | 19.8% | ||
| Q2 25 | 41.4% | 19.8% | ||
| Q1 25 | 39.2% | 19.5% | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 42.4% | 19.4% | ||
| Q2 24 | 40.9% | — |
| Q1 26 | — | 5.3% | ||
| Q4 25 | 23.7% | 7.7% | ||
| Q3 25 | 27.6% | 4.3% | ||
| Q2 25 | 29.0% | 3.7% | ||
| Q1 25 | 25.7% | 3.9% | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 28.8% | -33.3% | ||
| Q2 24 | 26.0% | — |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 16.9% | 5.3% | ||
| Q3 25 | 20.3% | 2.6% | ||
| Q2 25 | 20.7% | 2.6% | ||
| Q1 25 | 18.1% | 2.9% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 19.9% | -38.8% | ||
| Q2 24 | 18.0% | — |
| Q1 26 | — | $0.21 | ||
| Q4 25 | $1.51 | — | ||
| Q3 25 | $1.98 | — | ||
| Q2 25 | $2.01 | — | ||
| Q1 25 | $1.58 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.75 | — | ||
| Q2 24 | $1.50 | — |
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 | $64.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $232.4M |
| Total Assets | $1.9B | $426.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.9M | ||
| Q4 25 | $112.7M | $65.6M | ||
| Q3 25 | $90.1M | $36.5M | ||
| Q2 25 | $81.1M | $18.8M | ||
| Q1 25 | $82.8M | $14.0M | ||
| Q4 24 | $79.3M | — | ||
| Q3 24 | $73.7M | $37.2M | ||
| Q2 24 | $73.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $34.3M | ||
| Q2 24 | — | — |
| Q1 26 | — | $232.4M | ||
| Q4 25 | $900.7M | $217.9M | ||
| Q3 25 | $889.2M | $195.5M | ||
| Q2 25 | $837.8M | $179.7M | ||
| Q1 25 | $793.4M | $163.2M | ||
| Q4 24 | $757.1M | — | ||
| Q3 24 | $717.0M | $133.9M | ||
| Q2 24 | $669.0M | — |
| Q1 26 | — | $426.9M | ||
| Q4 25 | $1.9B | $412.7M | ||
| Q3 25 | $1.9B | $390.0M | ||
| Q2 25 | $1.9B | $356.3M | ||
| Q1 25 | $1.9B | $334.0M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $348.0M | ||
| Q2 24 | $1.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | — |
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 | $6.1M |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | 0.45× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.1M | ||
| Q4 25 | $110.0M | $34.6M | ||
| Q3 25 | $122.9M | $28.2M | ||
| Q2 25 | $81.6M | $19.9M | ||
| Q1 25 | $41.0M | $17.6M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $96.5M | — | ||
| Q2 24 | $57.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | — | ||
| Q3 25 | $100.3M | $24.2M | ||
| Q2 25 | $61.7M | — | ||
| Q1 25 | $21.9M | — | ||
| Q4 24 | $57.8M | — | ||
| Q3 24 | $77.1M | — | ||
| Q2 24 | $37.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 23.6% | 6.4% | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 10.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 5.3% | 1.1% | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.5% | — |
| Q1 26 | — | 0.45× | ||
| Q4 25 | 1.68× | 1.65× | ||
| Q3 25 | 1.42× | 2.87× | ||
| Q2 25 | 0.93× | 2.21× | ||
| Q1 25 | 0.59× | 1.86× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.87× | — |
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% |
GRDN
Segment breakdown not available.
