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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Hilltop Holdings Inc. (HTH). 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 $300.5M, roughly 1.3× Hilltop Holdings Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 13.0%, a 3.9% gap on every dollar of revenue. Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 0.6%).
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.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
AWI vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $300.5M |
| Net Profit | $65.5M | $39.0M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | — |
| Net Margin | 16.9% | 13.0% |
| Revenue YoY | 5.6% | — |
| Net Profit YoY | 5.3% | -12.4% |
| EPS (diluted) | $1.51 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $388.3M | $329.9M | ||
| Q3 25 | $425.2M | $330.2M | ||
| Q2 25 | $424.6M | $303.3M | ||
| Q1 25 | $382.7M | $318.5M | ||
| Q4 24 | $367.7M | $301.1M | ||
| Q3 24 | $386.6M | $305.5M | ||
| Q2 24 | $365.1M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $65.5M | $41.6M | ||
| Q3 25 | $86.3M | $45.8M | ||
| Q2 25 | $87.8M | $36.1M | ||
| Q1 25 | $69.1M | $42.1M | ||
| Q4 24 | $62.2M | $35.5M | ||
| Q3 24 | $76.9M | $29.7M | ||
| Q2 24 | $65.9M | $20.3M |
| 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 | — | — | ||
| Q4 25 | 23.7% | 16.1% | ||
| Q3 25 | 27.6% | 18.4% | ||
| Q2 25 | 29.0% | 16.3% | ||
| Q1 25 | 25.7% | 18.1% | ||
| Q4 24 | 22.3% | 14.7% | ||
| Q3 24 | 28.8% | 13.9% | ||
| Q2 24 | 26.0% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 16.9% | 12.6% | ||
| Q3 25 | 20.3% | 13.9% | ||
| Q2 25 | 20.7% | 11.9% | ||
| Q1 25 | 18.1% | 13.2% | ||
| Q4 24 | 16.9% | 11.8% | ||
| Q3 24 | 19.9% | 9.7% | ||
| Q2 24 | 18.0% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $1.51 | $0.68 | ||
| Q3 25 | $1.98 | $0.74 | ||
| Q2 25 | $2.01 | $0.57 | ||
| Q1 25 | $1.58 | $0.65 | ||
| Q4 24 | $1.41 | $0.55 | ||
| Q3 24 | $1.75 | $0.46 | ||
| Q2 24 | $1.50 | $0.31 |
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 | — |
| Total DebtLower is stronger | — | $990.8M |
| Stockholders' EquityBook value | $900.7M | $2.2B |
| Total Assets | $1.9B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.7M | — | ||
| Q3 25 | $90.1M | — | ||
| Q2 25 | $81.1M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | $79.3M | — | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $73.6M | — |
| Q1 26 | — | $990.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $900.7M | $2.2B | ||
| Q3 25 | $889.2M | $2.2B | ||
| Q2 25 | $837.8M | $2.2B | ||
| Q1 25 | $793.4M | $2.2B | ||
| Q4 24 | $757.1M | $2.2B | ||
| Q3 24 | $717.0M | $2.2B | ||
| Q2 24 | $669.0M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $1.9B | $15.8B | ||
| Q3 25 | $1.9B | $15.6B | ||
| Q2 25 | $1.9B | $15.4B | ||
| Q1 25 | $1.9B | $15.8B | ||
| Q4 24 | $1.8B | $16.3B | ||
| Q3 24 | $1.8B | $15.9B | ||
| Q2 24 | $1.8B | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | — |
| 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 | $-38.7M | ||
| Q3 25 | $122.9M | $273.0M | ||
| Q2 25 | $81.6M | $-234.6M | ||
| Q1 25 | $41.0M | $5.8M | ||
| Q4 24 | $86.6M | $273.9M | ||
| Q3 24 | $96.5M | $515.6M | ||
| Q2 24 | $57.3M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $-55.5M | ||
| Q3 25 | $100.3M | $271.0M | ||
| Q2 25 | $61.7M | $-234.6M | ||
| Q1 25 | $21.9M | $5.0M | ||
| Q4 24 | $57.8M | $266.8M | ||
| Q3 24 | $77.1M | $513.8M | ||
| Q2 24 | $37.4M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | -16.8% | ||
| Q3 25 | 23.6% | 82.1% | ||
| Q2 25 | 14.5% | -77.4% | ||
| Q1 25 | 5.7% | 1.6% | ||
| Q4 24 | 15.7% | 88.6% | ||
| Q3 24 | 19.9% | 168.2% | ||
| Q2 24 | 10.2% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 5.1% | ||
| Q3 25 | 5.3% | 0.6% | ||
| Q2 25 | 4.7% | 0.0% | ||
| Q1 25 | 5.0% | 0.3% | ||
| Q4 24 | 7.8% | 2.4% | ||
| Q3 24 | 5.0% | 0.6% | ||
| Q2 24 | 5.5% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | -0.93× | ||
| Q3 25 | 1.42× | 5.96× | ||
| Q2 25 | 0.93× | -6.50× | ||
| Q1 25 | 0.59× | 0.14× | ||
| Q4 24 | 1.39× | 7.71× | ||
| Q3 24 | 1.25× | 17.36× | ||
| Q2 24 | 0.87× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
