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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $388.3M, roughly 1.4× ARMSTRONG WORLD INDUSTRIES INC). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 5.6%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 0.7%).
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.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
AWI vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $553.7M |
| Net Profit | $65.5M | — |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | — |
| Net Margin | 16.9% | — |
| Revenue YoY | 5.6% | 438.7% |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | $4.34 |
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 | — | $553.7M | ||
| Q4 25 | $388.3M | $555.6M | ||
| Q3 25 | $425.2M | $554.4M | ||
| Q2 25 | $424.6M | $549.9M | ||
| Q1 25 | $382.7M | $549.3M | ||
| Q4 24 | $367.7M | $549.8M | ||
| Q3 24 | $386.6M | $551.1M | ||
| Q2 24 | $365.1M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $65.5M | $57.6M | ||
| Q3 25 | $86.3M | $99.5M | ||
| Q2 25 | $87.8M | $108.1M | ||
| Q1 25 | $69.1M | $181.7M | ||
| Q4 24 | $62.2M | $166.6M | ||
| Q3 24 | $76.9M | $115.2M | ||
| Q2 24 | $65.9M | $102.0M |
| 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% | 10.4% | ||
| Q3 25 | 27.6% | 18.7% | ||
| Q2 25 | 29.0% | 20.2% | ||
| Q1 25 | 25.7% | 34.0% | ||
| Q4 24 | 22.3% | 31.3% | ||
| Q3 24 | 28.8% | 21.5% | ||
| Q2 24 | 26.0% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | 10.4% | ||
| Q3 25 | 20.3% | 18.0% | ||
| Q2 25 | 20.7% | 19.7% | ||
| Q1 25 | 18.1% | 33.1% | ||
| Q4 24 | 16.9% | 30.3% | ||
| Q3 24 | 19.9% | 20.9% | ||
| Q2 24 | 18.0% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $1.51 | $0.48 | ||
| Q3 25 | $1.98 | $0.84 | ||
| Q2 25 | $2.01 | $0.92 | ||
| Q1 25 | $1.58 | $1.54 | ||
| Q4 24 | $1.41 | $1.43 | ||
| Q3 24 | $1.75 | $0.98 | ||
| Q2 24 | $1.50 | $0.86 |
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 | $60.3M | ||
| Q3 25 | $90.1M | $32.2M | ||
| Q2 25 | $81.1M | $54.5M | ||
| Q1 25 | $82.8M | $55.8M | ||
| Q4 24 | $79.3M | $43.0M | ||
| Q3 24 | $73.7M | $50.2M | ||
| Q2 24 | $73.6M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $5.7B | ||
| Q3 25 | $889.2M | $5.8B | ||
| Q2 25 | $837.8M | $5.9B | ||
| Q1 25 | $793.4M | $5.9B | ||
| Q4 24 | $757.1M | $5.9B | ||
| Q3 24 | $717.0M | $5.9B | ||
| Q2 24 | $669.0M | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $12.0B | ||
| Q3 25 | $1.9B | $11.9B | ||
| Q2 25 | $1.9B | $11.8B | ||
| Q1 25 | $1.9B | $11.8B | ||
| Q4 24 | $1.8B | $11.8B | ||
| Q3 24 | $1.8B | $11.8B | ||
| Q2 24 | $1.8B | $11.6B |
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 | $261.7M | ||
| Q3 25 | $122.9M | $266.4M | ||
| Q2 25 | $81.6M | $353.4M | ||
| Q1 25 | $41.0M | $196.6M | ||
| Q4 24 | $86.6M | $239.1M | ||
| Q3 24 | $96.5M | $309.5M | ||
| Q2 24 | $57.3M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $158.6M | ||
| Q3 25 | $100.3M | $170.8M | ||
| Q2 25 | $61.7M | $264.5M | ||
| Q1 25 | $21.9M | $124.0M | ||
| Q4 24 | $57.8M | $152.6M | ||
| Q3 24 | $77.1M | $215.5M | ||
| Q2 24 | $37.4M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 28.5% | ||
| Q3 25 | 23.6% | 30.8% | ||
| Q2 25 | 14.5% | 48.1% | ||
| Q1 25 | 5.7% | 22.6% | ||
| Q4 24 | 15.7% | 27.8% | ||
| Q3 24 | 19.9% | 39.1% | ||
| Q2 24 | 10.2% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 18.6% | ||
| Q3 25 | 5.3% | 17.2% | ||
| Q2 25 | 4.7% | 16.2% | ||
| Q1 25 | 5.0% | 13.2% | ||
| Q4 24 | 7.8% | 15.7% | ||
| Q3 24 | 5.0% | 17.1% | ||
| Q2 24 | 5.5% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 4.55× | ||
| Q3 25 | 1.42× | 2.68× | ||
| Q2 25 | 0.93× | 3.27× | ||
| Q1 25 | 0.59× | 1.08× | ||
| Q4 24 | 1.39× | 1.43× | ||
| Q3 24 | 1.25× | 2.69× | ||
| Q2 24 | 0.87× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
