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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $388.3M, roughly 1.8× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 5.2%, a 11.7% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 3.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $-76.5M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 1.8%).
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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
AWI vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $692.4M |
| Net Profit | $65.5M | $36.1M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | — |
| Net Margin | 16.9% | 5.2% |
| Revenue YoY | 5.6% | 3.6% |
| Net Profit YoY | 5.3% | -28.3% |
| EPS (diluted) | $1.51 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | $388.3M | $668.6M | ||
| Q3 25 | $425.2M | $742.9M | ||
| Q2 25 | $424.6M | $698.2M | ||
| Q1 25 | $382.7M | $674.5M | ||
| Q4 24 | $367.7M | $713.5M | ||
| Q3 24 | $386.6M | $679.8M | ||
| Q2 24 | $365.1M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $65.5M | $177.7M | ||
| Q3 25 | $86.3M | $71.3M | ||
| Q2 25 | $87.8M | $54.4M | ||
| Q1 25 | $69.1M | $50.4M | ||
| Q4 24 | $62.2M | $56.1M | ||
| Q3 24 | $76.9M | $41.2M | ||
| Q2 24 | $65.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | 19.8% | ||
| Q3 25 | 42.0% | 20.6% | ||
| Q2 25 | 41.4% | 21.3% | ||
| Q1 25 | 39.2% | 20.0% | ||
| Q4 24 | 39.1% | 19.9% | ||
| Q3 24 | 42.4% | 19.3% | ||
| Q2 24 | 40.9% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 9.8% | ||
| Q3 25 | 27.6% | 11.6% | ||
| Q2 25 | 29.0% | 11.3% | ||
| Q1 25 | 25.7% | 10.9% | ||
| Q4 24 | 22.3% | 10.9% | ||
| Q3 24 | 28.8% | 10.5% | ||
| Q2 24 | 26.0% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 16.9% | 26.6% | ||
| Q3 25 | 20.3% | 9.6% | ||
| Q2 25 | 20.7% | 7.8% | ||
| Q1 25 | 18.1% | 7.5% | ||
| Q4 24 | 16.9% | 7.9% | ||
| Q3 24 | 19.9% | 6.1% | ||
| Q2 24 | 18.0% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $1.51 | $1.75 | ||
| Q3 25 | $1.98 | $0.71 | ||
| Q2 25 | $2.01 | $0.54 | ||
| Q1 25 | $1.58 | $0.49 | ||
| Q4 24 | $1.41 | $0.55 | ||
| Q3 24 | $1.75 | $0.40 | ||
| Q2 24 | $1.50 | $0.34 |
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 | — | $488.8M |
| Stockholders' EquityBook value | $900.7M | $1.1B |
| Total Assets | $1.9B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.7M | $695.9M | ||
| Q3 25 | $90.1M | $7.0M | ||
| Q2 25 | $81.1M | $7.0M | ||
| Q1 25 | $82.8M | $7.0M | ||
| Q4 24 | $79.3M | $504.5M | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $73.6M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $900.7M | $1.1B | ||
| Q3 25 | $889.2M | $907.7M | ||
| Q2 25 | $837.8M | $842.1M | ||
| Q1 25 | $793.4M | $773.1M | ||
| Q4 24 | $757.1M | $714.3M | ||
| Q3 24 | $717.0M | $698.0M | ||
| Q2 24 | $669.0M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.9B | $2.7B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| 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 | $-76.5M |
| FCF MarginFCF / Revenue | 16.0% | -11.1% |
| Capex IntensityCapex / Revenue | 12.3% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $110.0M | $221.1M | ||
| Q3 25 | $122.9M | $101.3M | ||
| Q2 25 | $81.6M | $77.2M | ||
| Q1 25 | $41.0M | $-80.7M | ||
| Q4 24 | $86.6M | $128.4M | ||
| Q3 24 | $96.5M | $91.9M | ||
| Q2 24 | $57.3M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $62.2M | $190.7M | ||
| Q3 25 | $100.3M | $77.0M | ||
| Q2 25 | $61.7M | $46.9M | ||
| Q1 25 | $21.9M | $-106.8M | ||
| Q4 24 | $57.8M | $94.5M | ||
| Q3 24 | $77.1M | $67.0M | ||
| Q2 24 | $37.4M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 16.0% | 28.5% | ||
| Q3 25 | 23.6% | 10.4% | ||
| Q2 25 | 14.5% | 6.7% | ||
| Q1 25 | 5.7% | -15.8% | ||
| Q4 24 | 15.7% | 13.2% | ||
| Q3 24 | 19.9% | 9.9% | ||
| Q2 24 | 10.2% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 12.3% | 4.6% | ||
| Q3 25 | 5.3% | 3.3% | ||
| Q2 25 | 4.7% | 4.3% | ||
| Q1 25 | 5.0% | 3.9% | ||
| Q4 24 | 7.8% | 4.7% | ||
| Q3 24 | 5.0% | 3.7% | ||
| Q2 24 | 5.5% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 1.24× | ||
| Q3 25 | 1.42× | 1.42× | ||
| Q2 25 | 0.93× | 1.42× | ||
| Q1 25 | 0.59× | -1.60× | ||
| Q4 24 | 1.39× | 2.29× | ||
| Q3 24 | 1.25× | 2.23× | ||
| Q2 24 | 0.87× | 1.50× |
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% |
OII
Segment breakdown not available.
