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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and JACK IN THE BOX INC (JACK). 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 $349.5M, roughly 1.1× JACK IN THE BOX INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -0.7%, a 17.6% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -25.5%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $7.3M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs -18.6%).

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.

Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered. The chain has over 2,200 locations, primarily serving the West Coast of the United States. Restaurants are also found in large urban areas outside the West Coast, as well as two in Guam. The company also formerly operated the Qdoba Mexican Grill chain until Apollo Global Management bought the chain in December 2017.

AWI vs JACK — Head-to-Head

Bigger by revenue
AWI
AWI
1.1× larger
AWI
$388.3M
$349.5M
JACK
Growing faster (revenue YoY)
AWI
AWI
+31.1% gap
AWI
5.6%
-25.5%
JACK
Higher net margin
AWI
AWI
17.6% more per $
AWI
16.9%
-0.7%
JACK
More free cash flow
AWI
AWI
$54.9M more FCF
AWI
$62.2M
$7.3M
JACK
Faster 2-yr revenue CAGR
AWI
AWI
Annualised
AWI
9.1%
-18.6%
JACK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AWI
AWI
JACK
JACK
Revenue
$388.3M
$349.5M
Net Profit
$65.5M
$-2.5M
Gross Margin
39.8%
Operating Margin
23.7%
13.3%
Net Margin
16.9%
-0.7%
Revenue YoY
5.6%
-25.5%
Net Profit YoY
5.3%
-107.3%
EPS (diluted)
$1.51
$-0.13

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.

Revenue
AWI
AWI
JACK
JACK
Q1 26
$349.5M
Q4 25
$388.3M
Q3 25
$425.2M
Q2 25
$424.6M
$336.7M
Q1 25
$382.7M
$371.1M
Q4 24
$367.7M
Q3 24
$386.6M
Q2 24
$365.1M
$365.3M
Net Profit
AWI
AWI
JACK
JACK
Q1 26
$-2.5M
Q4 25
$65.5M
Q3 25
$86.3M
Q2 25
$87.8M
$-142.2M
Q1 25
$69.1M
$33.7M
Q4 24
$62.2M
Q3 24
$76.9M
Q2 24
$65.9M
$25.0M
Gross Margin
AWI
AWI
JACK
JACK
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%
Operating Margin
AWI
AWI
JACK
JACK
Q1 26
13.3%
Q4 25
23.7%
Q3 25
27.6%
Q2 25
29.0%
-46.7%
Q1 25
25.7%
19.0%
Q4 24
22.3%
Q3 24
28.8%
Q2 24
26.0%
14.8%
Net Margin
AWI
AWI
JACK
JACK
Q1 26
-0.7%
Q4 25
16.9%
Q3 25
20.3%
Q2 25
20.7%
-42.2%
Q1 25
18.1%
9.1%
Q4 24
16.9%
Q3 24
19.9%
Q2 24
18.0%
6.8%
EPS (diluted)
AWI
AWI
JACK
JACK
Q1 26
$-0.13
Q4 25
$1.51
Q3 25
$1.98
Q2 25
$2.01
$-7.47
Q1 25
$1.58
$1.75
Q4 24
$1.41
Q3 24
$1.75
Q2 24
$1.50
$1.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWI
AWI
JACK
JACK
Cash + ST InvestmentsLiquidity on hand
$112.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$900.7M
$-936.0M
Total Assets
$1.9B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWI
AWI
JACK
JACK
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
Total Debt
AWI
AWI
JACK
JACK
Q1 26
$1.6B
Q4 25
Q3 25
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
Q3 24
Q2 24
$1.7B
Stockholders' Equity
AWI
AWI
JACK
JACK
Q1 26
$-936.0M
Q4 25
$900.7M
Q3 25
$889.2M
Q2 25
$837.8M
$-976.2M
Q1 25
$793.4M
$-827.1M
Q4 24
$757.1M
Q3 24
$717.0M
Q2 24
$669.0M
$-702.6M
Total Assets
AWI
AWI
JACK
JACK
Q1 26
$2.0B
Q4 25
$1.9B
Q3 25
$1.9B
Q2 25
$1.9B
$2.6B
Q1 25
$1.9B
$2.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
$2.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWI
AWI
JACK
JACK
Operating Cash FlowLast quarter
$110.0M
$30.5M
Free Cash FlowOCF − Capex
$62.2M
$7.3M
FCF MarginFCF / Revenue
16.0%
2.1%
Capex IntensityCapex / Revenue
12.3%
6.6%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters
$246.1M
$34.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWI
AWI
JACK
JACK
Q1 26
$30.5M
Q4 25
$110.0M
Q3 25
$122.9M
Q2 25
$81.6M
$-36.8M
Q1 25
$41.0M
$105.7M
Q4 24
$86.6M
Q3 24
$96.5M
Q2 24
$57.3M
$16.7M
Free Cash Flow
AWI
AWI
JACK
JACK
Q1 26
$7.3M
Q4 25
$62.2M
Q3 25
$100.3M
Q2 25
$61.7M
$-63.2M
Q1 25
$21.9M
$84.4M
Q4 24
$57.8M
Q3 24
$77.1M
Q2 24
$37.4M
$6.4M
FCF Margin
AWI
AWI
JACK
JACK
Q1 26
2.1%
Q4 25
16.0%
Q3 25
23.6%
Q2 25
14.5%
-18.8%
Q1 25
5.7%
22.7%
Q4 24
15.7%
Q3 24
19.9%
Q2 24
10.2%
1.8%
Capex Intensity
AWI
AWI
JACK
JACK
Q1 26
6.6%
Q4 25
12.3%
Q3 25
5.3%
Q2 25
4.7%
7.9%
Q1 25
5.0%
5.7%
Q4 24
7.8%
Q3 24
5.0%
Q2 24
5.5%
2.8%
Cash Conversion
AWI
AWI
JACK
JACK
Q1 26
Q4 25
1.68×
Q3 25
1.42×
Q2 25
0.93×
Q1 25
0.59×
3.14×
Q4 24
1.39×
Q3 24
1.25×
Q2 24
0.87×
0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWI
AWI

Distributors$183.0M47%
Architectural Specialties$143.7M37%
Home Centers$27.2M7%
Retailers And Other$21.7M6%
Direct Customers$12.7M3%

JACK
JACK

Restaurant Sales$131.9M38%
Franchise$97.4M28%
Royaltyand Other$58.9M17%
Advertising$56.6M16%
Technology Service$4.7M1%
Franchise Fees$1.7M0%

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