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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $388.3M, roughly 2.0× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 11.3%, a 5.5% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -17.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 9.1%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
AWI vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $764.4M |
| Net Profit | $65.5M | $86.6M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 5.6% |
| Net Margin | 16.9% | 11.3% |
| Revenue YoY | 5.6% | -17.6% |
| Net Profit YoY | 5.3% | -10.4% |
| EPS (diluted) | $1.51 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $425.2M | $798.0M | ||
| Q2 25 | $424.6M | $848.7M | ||
| Q1 25 | $382.7M | $874.5M | ||
| Q4 24 | $367.7M | $927.3M | ||
| Q3 24 | $386.6M | $800.5M | ||
| Q2 24 | $365.1M | $692.8M | ||
| Q1 24 | $326.3M | $637.1M |
| Q4 25 | $65.5M | $86.6M | ||
| Q3 25 | $86.3M | $-21.1M | ||
| Q2 25 | $87.8M | $42.9M | ||
| Q1 25 | $69.1M | $108.3M | ||
| Q4 24 | $62.2M | $96.6M | ||
| Q3 24 | $76.9M | $61.2M | ||
| Q2 24 | $65.9M | $195.0M | ||
| Q1 24 | $59.9M | $95.5M |
| 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 24 | 38.1% | — |
| Q4 25 | 23.7% | 5.6% | ||
| Q3 25 | 27.6% | 6.3% | ||
| Q2 25 | 29.0% | 15.9% | ||
| Q1 25 | 25.7% | 21.4% | ||
| Q4 24 | 22.3% | 18.4% | ||
| Q3 24 | 28.8% | 14.4% | ||
| Q2 24 | 26.0% | 30.3% | ||
| Q1 24 | 26.4% | 16.9% |
| Q4 25 | 16.9% | 11.3% | ||
| Q3 25 | 20.3% | -2.6% | ||
| Q2 25 | 20.7% | 5.1% | ||
| Q1 25 | 18.1% | 12.4% | ||
| Q4 24 | 16.9% | 10.4% | ||
| Q3 24 | 19.9% | 7.6% | ||
| Q2 24 | 18.0% | 28.1% | ||
| Q1 24 | 18.4% | 15.0% |
| Q4 25 | $1.51 | $0.54 | ||
| Q3 25 | $1.98 | $-0.13 | ||
| Q2 25 | $2.01 | $0.27 | ||
| Q1 25 | $1.58 | $0.67 | ||
| Q4 24 | $1.41 | $0.56 | ||
| Q3 24 | $1.75 | $0.40 | ||
| Q2 24 | $1.50 | $1.34 | ||
| Q1 24 | $1.36 | $0.66 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $4.5B |
| Total Assets | $1.9B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $471.4M | ||
| Q3 25 | $90.1M | $477.9M | ||
| Q2 25 | $81.1M | $338.2M | ||
| Q1 25 | $82.8M | $303.8M | ||
| Q4 24 | $79.3M | $247.3M | ||
| Q3 24 | $73.7M | $391.9M | ||
| Q2 24 | $73.6M | $162.9M | ||
| Q1 24 | $69.6M | $212.5M |
| Q4 25 | $900.7M | $4.5B | ||
| Q3 25 | $889.2M | $4.5B | ||
| Q2 25 | $837.8M | $4.6B | ||
| Q1 25 | $793.4M | $4.7B | ||
| Q4 24 | $757.1M | $4.7B | ||
| Q3 24 | $717.0M | $4.7B | ||
| Q2 24 | $669.0M | $4.0B | ||
| Q1 24 | $626.8M | $3.9B |
| Q4 25 | $1.9B | $7.5B | ||
| Q3 25 | $1.9B | $7.6B | ||
| Q2 25 | $1.9B | $7.7B | ||
| Q1 25 | $1.9B | $7.9B | ||
| Q4 24 | $1.8B | $8.0B | ||
| Q3 24 | $1.8B | $8.0B | ||
| Q2 24 | $1.8B | $5.6B | ||
| Q1 24 | $1.7B | $5.4B |
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 | $187.1M |
| Free Cash FlowOCF − Capex | $62.2M | $35.4M |
| FCF MarginFCF / Revenue | 16.0% | 4.6% |
| Capex IntensityCapex / Revenue | 12.3% | 19.9% |
| Cash ConversionOCF / Net Profit | 1.68× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $187.1M | ||
| Q3 25 | $122.9M | $277.1M | ||
| Q2 25 | $81.6M | $216.4M | ||
| Q1 25 | $41.0M | $271.1M | ||
| Q4 24 | $86.6M | $136.2M | ||
| Q3 24 | $96.5M | $283.8M | ||
| Q2 24 | $57.3M | $106.8M | ||
| Q1 24 | $26.4M | $128.7M |
| Q4 25 | $62.2M | $35.4M | ||
| Q3 25 | $100.3M | $139.5M | ||
| Q2 25 | $61.7M | $99.8M | ||
| Q1 25 | $21.9M | $157.5M | ||
| Q4 24 | $57.8M | $-4.4M | ||
| Q3 24 | $77.1M | $156.8M | ||
| Q2 24 | $37.4M | $-34.3M | ||
| Q1 24 | $11.7M | $-37.9M |
| Q4 25 | 16.0% | 4.6% | ||
| Q3 25 | 23.6% | 17.5% | ||
| Q2 25 | 14.5% | 11.8% | ||
| Q1 25 | 5.7% | 18.0% | ||
| Q4 24 | 15.7% | -0.5% | ||
| Q3 24 | 19.9% | 19.6% | ||
| Q2 24 | 10.2% | -4.9% | ||
| Q1 24 | 3.6% | -6.0% |
| Q4 25 | 12.3% | 19.9% | ||
| Q3 25 | 5.3% | 17.3% | ||
| Q2 25 | 4.7% | 13.7% | ||
| Q1 25 | 5.0% | 13.0% | ||
| Q4 24 | 7.8% | 15.2% | ||
| Q3 24 | 5.0% | 15.9% | ||
| Q2 24 | 5.5% | 20.4% | ||
| Q1 24 | 4.5% | 26.2% |
| Q4 25 | 1.68× | 2.16× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.93× | 5.05× | ||
| Q1 25 | 0.59× | 2.50× | ||
| Q4 24 | 1.39× | 1.41× | ||
| Q3 24 | 1.25× | 4.64× | ||
| Q2 24 | 0.87× | 0.55× | ||
| Q1 24 | 0.44× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
