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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Navios Maritime Partners L.P. (NMM). 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 $327.6M, roughly 1.2× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 16.9%, a 4.5% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -4.3%).

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

AWI vs NMM — Head-to-Head

Bigger by revenue
AWI
AWI
1.2× larger
AWI
$388.3M
$327.6M
NMM
Growing faster (revenue YoY)
AWI
AWI
+9.9% gap
AWI
5.6%
-4.3%
NMM
Higher net margin
NMM
NMM
4.5% more per $
NMM
21.4%
16.9%
AWI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AWI
AWI
NMM
NMM
Revenue
$388.3M
$327.6M
Net Profit
$65.5M
$69.9M
Gross Margin
39.8%
90.5%
Operating Margin
23.7%
Net Margin
16.9%
21.4%
Revenue YoY
5.6%
-4.3%
Net Profit YoY
5.3%
-31.1%
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.

Revenue
AWI
AWI
NMM
NMM
Q4 25
$388.3M
Q3 25
$425.2M
Q2 25
$424.6M
$327.6M
Q1 25
$382.7M
Q4 24
$367.7M
Q3 24
$386.6M
Q2 24
$365.1M
$342.2M
Q1 24
$326.3M
Net Profit
AWI
AWI
NMM
NMM
Q4 25
$65.5M
Q3 25
$86.3M
Q2 25
$87.8M
$69.9M
Q1 25
$69.1M
Q4 24
$62.2M
Q3 24
$76.9M
Q2 24
$65.9M
$101.5M
Q1 24
$59.9M
Gross Margin
AWI
AWI
NMM
NMM
Q4 25
39.8%
Q3 25
42.0%
Q2 25
41.4%
90.5%
Q1 25
39.2%
Q4 24
39.1%
Q3 24
42.4%
Q2 24
40.9%
88.3%
Q1 24
38.1%
Operating Margin
AWI
AWI
NMM
NMM
Q4 25
23.7%
Q3 25
27.6%
Q2 25
29.0%
Q1 25
25.7%
Q4 24
22.3%
Q3 24
28.8%
Q2 24
26.0%
Q1 24
26.4%
Net Margin
AWI
AWI
NMM
NMM
Q4 25
16.9%
Q3 25
20.3%
Q2 25
20.7%
21.4%
Q1 25
18.1%
Q4 24
16.9%
Q3 24
19.9%
Q2 24
18.0%
29.7%
Q1 24
18.4%
EPS (diluted)
AWI
AWI
NMM
NMM
Q4 25
$1.51
Q3 25
$1.98
Q2 25
$2.01
Q1 25
$1.58
Q4 24
$1.41
Q3 24
$1.75
Q2 24
$1.50
Q1 24
$1.36

Balance Sheet & Financial Strength

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

Metric
AWI
AWI
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$112.7M
$377.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$900.7M
Total Assets
$1.9B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWI
AWI
NMM
NMM
Q4 25
$112.7M
Q3 25
$90.1M
Q2 25
$81.1M
$377.0M
Q1 25
$82.8M
Q4 24
$79.3M
Q3 24
$73.7M
Q2 24
$73.6M
$272.0M
Q1 24
$69.6M
Total Debt
AWI
AWI
NMM
NMM
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
AWI
AWI
NMM
NMM
Q4 25
$900.7M
Q3 25
$889.2M
Q2 25
$837.8M
Q1 25
$793.4M
Q4 24
$757.1M
Q3 24
$717.0M
Q2 24
$669.0M
Q1 24
$626.8M
Total Assets
AWI
AWI
NMM
NMM
Q4 25
$1.9B
Q3 25
$1.9B
Q2 25
$1.9B
$5.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
$5.3B
Q1 24
$1.7B

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
NMM
NMM
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.

Operating Cash Flow
AWI
AWI
NMM
NMM
Q4 25
$110.0M
Q3 25
$122.9M
Q2 25
$81.6M
Q1 25
$41.0M
Q4 24
$86.6M
Q3 24
$96.5M
Q2 24
$57.3M
Q1 24
$26.4M
Free Cash Flow
AWI
AWI
NMM
NMM
Q4 25
$62.2M
Q3 25
$100.3M
Q2 25
$61.7M
Q1 25
$21.9M
Q4 24
$57.8M
Q3 24
$77.1M
Q2 24
$37.4M
Q1 24
$11.7M
FCF Margin
AWI
AWI
NMM
NMM
Q4 25
16.0%
Q3 25
23.6%
Q2 25
14.5%
Q1 25
5.7%
Q4 24
15.7%
Q3 24
19.9%
Q2 24
10.2%
Q1 24
3.6%
Capex Intensity
AWI
AWI
NMM
NMM
Q4 25
12.3%
Q3 25
5.3%
Q2 25
4.7%
Q1 25
5.0%
Q4 24
7.8%
Q3 24
5.0%
Q2 24
5.5%
Q1 24
4.5%
Cash Conversion
AWI
AWI
NMM
NMM
Q4 25
1.68×
Q3 25
1.42×
Q2 25
0.93×
Q1 25
0.59×
Q4 24
1.39×
Q3 24
1.25×
Q2 24
0.87×
Q1 24
0.44×

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%

NMM
NMM

Segment breakdown not available.

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