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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and HUTCHMED (China) Ltd (HCM). 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 $270.8M, roughly 1.4× HUTCHMED (China) Ltd). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 0.7%, a 16.1% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -16.5%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $3.4M).
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.
HUTCHMED (China) LtdHCMEarnings & Financial Report
HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.
AWI vs HCM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $270.8M |
| Net Profit | $65.5M | $2.0M |
| Gross Margin | 39.8% | 37.7% |
| Operating Margin | 23.7% | -13.2% |
| Net Margin | 16.9% | 0.7% |
| Revenue YoY | 5.6% | -16.5% |
| Net Profit YoY | 5.3% | -83.6% |
| EPS (diluted) | $1.51 | $0.00 |
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 | $270.8M | ||
| Q3 25 | $425.2M | — | ||
| Q2 25 | $424.6M | $277.7M | ||
| Q1 25 | $382.7M | $324.5M | ||
| Q4 24 | $367.7M | — | ||
| Q3 24 | $386.6M | — | ||
| Q2 24 | $365.1M | $305.7M | ||
| Q1 24 | $326.3M | — |
| Q4 25 | $65.5M | $2.0M | ||
| Q3 25 | $86.3M | — | ||
| Q2 25 | $87.8M | $455.0M | ||
| Q1 25 | $69.1M | $11.9M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $76.9M | — | ||
| Q2 24 | $65.9M | $25.8M | ||
| Q1 24 | $59.9M | — |
| Q4 25 | 39.8% | 37.7% | ||
| Q3 25 | 42.0% | — | ||
| Q2 25 | 41.4% | 0.1% | ||
| Q1 25 | 39.2% | 48.0% | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 40.9% | 41.1% | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 23.7% | -13.2% | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 29.0% | -1.3% | ||
| Q1 25 | 25.7% | -5.0% | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 28.8% | — | ||
| Q2 24 | 26.0% | -9.0% | ||
| Q1 24 | 26.4% | — |
| Q4 25 | 16.9% | 0.7% | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 20.7% | 163.8% | ||
| Q1 25 | 18.1% | 3.7% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 18.0% | 8.4% | ||
| Q1 24 | 18.4% | — |
| Q4 25 | $1.51 | $0.00 | ||
| Q3 25 | $1.98 | — | ||
| Q2 25 | $2.01 | $0.52 | ||
| Q1 25 | $1.58 | $0.01 | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.75 | — | ||
| Q2 24 | $1.50 | $0.03 | ||
| Q1 24 | $1.36 | — |
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 | $1.4B |
| Total DebtLower is stronger | — | $93.2M |
| Stockholders' EquityBook value | $900.7M | $1.2B |
| Total Assets | $1.9B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $1.4B | ||
| Q3 25 | $90.1M | — | ||
| Q2 25 | $81.1M | $1.4B | ||
| Q1 25 | $82.8M | $836.1M | ||
| Q4 24 | $79.3M | — | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $73.6M | $802.5M | ||
| Q1 24 | $69.6M | — |
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | — | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M | ||
| Q1 24 | — | — |
| Q4 25 | $900.7M | $1.2B | ||
| Q3 25 | $889.2M | — | ||
| Q2 25 | $837.8M | $1.2B | ||
| Q1 25 | $793.4M | $759.9M | ||
| Q4 24 | $757.1M | — | ||
| Q3 24 | $717.0M | — | ||
| Q2 24 | $669.0M | $740.1M | ||
| Q1 24 | $626.8M | — |
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.7B | — |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× | ||
| Q1 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 | $8.2M |
| Free Cash FlowOCF − Capex | $62.2M | $3.4M |
| FCF MarginFCF / Revenue | 16.0% | 1.2% |
| Capex IntensityCapex / Revenue | 12.3% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.68× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $8.2M | ||
| Q3 25 | $122.9M | — | ||
| Q2 25 | $81.6M | $-72.9M | ||
| Q1 25 | $41.0M | $40.3M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $96.5M | — | ||
| Q2 24 | $57.3M | $-39.8M | ||
| Q1 24 | $26.4M | — |
| Q4 25 | $62.2M | $3.4M | ||
| Q3 25 | $100.3M | — | ||
| Q2 25 | $61.7M | $-82.2M | ||
| Q1 25 | $21.9M | $32.5M | ||
| Q4 24 | $57.8M | — | ||
| Q3 24 | $77.1M | — | ||
| Q2 24 | $37.4M | $-49.9M | ||
| Q1 24 | $11.7M | — |
| Q4 25 | 16.0% | 1.2% | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 14.5% | -29.6% | ||
| Q1 25 | 5.7% | 10.0% | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 10.2% | -16.3% | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 12.3% | 1.8% | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 4.7% | 3.3% | ||
| Q1 25 | 5.0% | 2.4% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.5% | 3.3% | ||
| Q1 24 | 4.5% | — |
| Q4 25 | 1.68× | 4.21× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.93× | -0.16× | ||
| Q1 25 | 0.59× | 3.38× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.87× | -1.54× | ||
| Q1 24 | 0.44× | — |
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% |
HCM
Segment breakdown not available.
