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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Iridium Communications Inc. (IRDM). 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 $219.1M, roughly 1.8× Iridium Communications Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 9.9%, a 7.0% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 1.9%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
AWI vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $219.1M |
| Net Profit | $65.5M | $21.6M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 23.2% |
| Net Margin | 16.9% | 9.9% |
| Revenue YoY | 5.6% | 1.9% |
| Net Profit YoY | 5.3% | — |
| 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 | — | $219.1M | ||
| Q4 25 | $388.3M | $212.9M | ||
| Q3 25 | $425.2M | $226.9M | ||
| Q2 25 | $424.6M | $216.9M | ||
| Q1 25 | $382.7M | $214.9M | ||
| Q4 24 | $367.7M | $213.0M | ||
| Q3 24 | $386.6M | $212.8M | ||
| Q2 24 | $365.1M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $65.5M | $24.9M | ||
| Q3 25 | $86.3M | $37.1M | ||
| Q2 25 | $87.8M | $22.0M | ||
| Q1 25 | $69.1M | $30.4M | ||
| Q4 24 | $62.2M | $36.3M | ||
| Q3 24 | $76.9M | $24.4M | ||
| Q2 24 | $65.9M | $32.3M |
| 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 | — | 23.2% | ||
| Q4 25 | 23.7% | 25.9% | ||
| Q3 25 | 27.6% | 30.9% | ||
| Q2 25 | 29.0% | 23.2% | ||
| Q1 25 | 25.7% | 28.1% | ||
| Q4 24 | 22.3% | 24.5% | ||
| Q3 24 | 28.8% | 25.8% | ||
| Q2 24 | 26.0% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 16.9% | 11.7% | ||
| Q3 25 | 20.3% | 16.4% | ||
| Q2 25 | 20.7% | 10.1% | ||
| Q1 25 | 18.1% | 14.2% | ||
| Q4 24 | 16.9% | 17.1% | ||
| Q3 24 | 19.9% | 11.5% | ||
| Q2 24 | 18.0% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.51 | $0.24 | ||
| Q3 25 | $1.98 | $0.35 | ||
| Q2 25 | $2.01 | $0.20 | ||
| Q1 25 | $1.58 | $0.27 | ||
| Q4 24 | $1.41 | $0.30 | ||
| Q3 24 | $1.75 | $0.21 | ||
| Q2 24 | $1.50 | $0.27 |
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 | — | — |
| Stockholders' EquityBook value | $900.7M | — |
| Total Assets | $1.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.7M | $96.5M | ||
| Q3 25 | $90.1M | $88.5M | ||
| Q2 25 | $81.1M | $79.3M | ||
| Q1 25 | $82.8M | $50.9M | ||
| Q4 24 | $79.3M | $93.5M | ||
| Q3 24 | $73.7M | $159.6M | ||
| Q2 24 | $73.6M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $462.6M | ||
| Q3 25 | $889.2M | $450.5M | ||
| Q2 25 | $837.8M | $473.6M | ||
| Q1 25 | $793.4M | $518.4M | ||
| Q4 24 | $757.1M | $576.6M | ||
| Q3 24 | $717.0M | $663.8M | ||
| Q2 24 | $669.0M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.8B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| 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% | 13.7% |
| 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 | $108.6M | ||
| Q3 25 | $122.9M | $100.8M | ||
| Q2 25 | $81.6M | $129.6M | ||
| Q1 25 | $41.0M | $61.1M | ||
| Q4 24 | $86.6M | $104.8M | ||
| Q3 24 | $96.5M | $118.6M | ||
| Q2 24 | $57.3M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $75.1M | ||
| Q3 25 | $100.3M | $79.2M | ||
| Q2 25 | $61.7M | $108.9M | ||
| Q1 25 | $21.9M | $36.5M | ||
| Q4 24 | $57.8M | $80.5M | ||
| Q3 24 | $77.1M | $100.0M | ||
| Q2 24 | $37.4M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 35.3% | ||
| Q3 25 | 23.6% | 34.9% | ||
| Q2 25 | 14.5% | 50.2% | ||
| Q1 25 | 5.7% | 17.0% | ||
| Q4 24 | 15.7% | 37.8% | ||
| Q3 24 | 19.9% | 47.0% | ||
| Q2 24 | 10.2% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 12.3% | 15.7% | ||
| Q3 25 | 5.3% | 9.5% | ||
| Q2 25 | 4.7% | 9.5% | ||
| Q1 25 | 5.0% | 11.4% | ||
| Q4 24 | 7.8% | 11.4% | ||
| Q3 24 | 5.0% | 8.7% | ||
| Q2 24 | 5.5% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 4.37× | ||
| Q3 25 | 1.42× | 2.71× | ||
| Q2 25 | 0.93× | 5.90× | ||
| Q1 25 | 0.59× | 2.01× | ||
| Q4 24 | 1.39× | 2.88× | ||
| Q3 24 | 1.25× | 4.85× | ||
| Q2 24 | 0.87× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
