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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and ORMAT TECHNOLOGIES, INC. (ORA). 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 $276.0M, roughly 1.4× ORMAT TECHNOLOGIES, INC.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 11.4%, a 5.5% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $-40.0M). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% 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.

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also includ...

AWI vs ORA — Head-to-Head

Bigger by revenue
AWI
AWI
1.4× larger
AWI
$388.3M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+14.0% gap
ORA
19.6%
5.6%
AWI
Higher net margin
AWI
AWI
5.5% more per $
AWI
16.9%
11.4%
ORA
More free cash flow
AWI
AWI
$102.2M more FCF
AWI
$62.2M
$-40.0M
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
9.1%
AWI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWI
AWI
ORA
ORA
Revenue
$388.3M
$276.0M
Net Profit
$65.5M
$31.4M
Gross Margin
39.8%
28.6%
Operating Margin
23.7%
15.4%
Net Margin
16.9%
11.4%
Revenue YoY
5.6%
19.6%
Net Profit YoY
5.3%
-23.2%
EPS (diluted)
$1.51
$0.51

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
ORA
ORA
Q4 25
$388.3M
$276.0M
Q3 25
$425.2M
$249.7M
Q2 25
$424.6M
$234.0M
Q1 25
$382.7M
$229.8M
Q4 24
$367.7M
$230.7M
Q3 24
$386.6M
$211.8M
Q2 24
$365.1M
$213.0M
Q1 24
$326.3M
$224.2M
Net Profit
AWI
AWI
ORA
ORA
Q4 25
$65.5M
$31.4M
Q3 25
$86.3M
$24.1M
Q2 25
$87.8M
$28.0M
Q1 25
$69.1M
$40.4M
Q4 24
$62.2M
$40.8M
Q3 24
$76.9M
$22.1M
Q2 24
$65.9M
$22.2M
Q1 24
$59.9M
$38.6M
Gross Margin
AWI
AWI
ORA
ORA
Q4 25
39.8%
28.6%
Q3 25
42.0%
25.6%
Q2 25
41.4%
24.3%
Q1 25
39.2%
31.7%
Q4 24
39.1%
31.9%
Q3 24
42.4%
27.8%
Q2 24
40.9%
28.8%
Q1 24
38.1%
35.2%
Operating Margin
AWI
AWI
ORA
ORA
Q4 25
23.7%
15.4%
Q3 25
27.6%
16.2%
Q2 25
29.0%
15.1%
Q1 25
25.7%
22.2%
Q4 24
22.3%
21.3%
Q3 24
28.8%
16.8%
Q2 24
26.0%
16.5%
Q1 24
26.4%
23.5%
Net Margin
AWI
AWI
ORA
ORA
Q4 25
16.9%
11.4%
Q3 25
20.3%
9.7%
Q2 25
20.7%
12.0%
Q1 25
18.1%
17.6%
Q4 24
16.9%
17.7%
Q3 24
19.9%
10.4%
Q2 24
18.0%
10.4%
Q1 24
18.4%
17.2%
EPS (diluted)
AWI
AWI
ORA
ORA
Q4 25
$1.51
$0.51
Q3 25
$1.98
$0.39
Q2 25
$2.01
$0.46
Q1 25
$1.58
$0.66
Q4 24
$1.41
$0.67
Q3 24
$1.75
$0.36
Q2 24
$1.50
$0.37
Q1 24
$1.36
$0.64

Balance Sheet & Financial Strength

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

Metric
AWI
AWI
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$112.7M
$147.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$900.7M
$2.5B
Total Assets
$1.9B
$6.2B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWI
AWI
ORA
ORA
Q4 25
$112.7M
$147.4M
Q3 25
$90.1M
$79.6M
Q2 25
$81.1M
$88.5M
Q1 25
$82.8M
$112.7M
Q4 24
$79.3M
$94.4M
Q3 24
$73.7M
$88.1M
Q2 24
$73.6M
$66.3M
Q1 24
$69.6M
$201.5M
Total Debt
AWI
AWI
ORA
ORA
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWI
AWI
ORA
ORA
Q4 25
$900.7M
$2.5B
Q3 25
$889.2M
$2.5B
Q2 25
$837.8M
$2.5B
Q1 25
$793.4M
$2.5B
Q4 24
$757.1M
$2.4B
Q3 24
$717.0M
$2.4B
Q2 24
$669.0M
$2.4B
Q1 24
$626.8M
$2.4B
Total Assets
AWI
AWI
ORA
ORA
Q4 25
$1.9B
$6.2B
Q3 25
$1.9B
$6.1B
Q2 25
$1.9B
$6.0B
Q1 25
$1.9B
$5.8B
Q4 24
$1.8B
$5.7B
Q3 24
$1.8B
$5.6B
Q2 24
$1.8B
$5.5B
Q1 24
$1.7B
$5.5B
Debt / Equity
AWI
AWI
ORA
ORA
Q4 25
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
0.97×
Q3 24
Q2 24
Q1 24

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
ORA
ORA
Operating Cash FlowLast quarter
$110.0M
$105.0M
Free Cash FlowOCF − Capex
$62.2M
$-40.0M
FCF MarginFCF / Revenue
16.0%
-14.5%
Capex IntensityCapex / Revenue
12.3%
52.6%
Cash ConversionOCF / Net Profit
1.68×
3.35×
TTM Free Cash FlowTrailing 4 quarters
$246.1M
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWI
AWI
ORA
ORA
Q4 25
$110.0M
$105.0M
Q3 25
$122.9M
$45.2M
Q2 25
$81.6M
$96.9M
Q1 25
$41.0M
$88.0M
Q4 24
$86.6M
$158.6M
Q3 24
$96.5M
$106.4M
Q2 24
$57.3M
$30.7M
Q1 24
$26.4M
$115.2M
Free Cash Flow
AWI
AWI
ORA
ORA
Q4 25
$62.2M
$-40.0M
Q3 25
$100.3M
$-102.1M
Q2 25
$61.7M
$-37.9M
Q1 25
$21.9M
$-104.6M
Q4 24
$57.8M
$30.9M
Q3 24
$77.1M
$-3.3M
Q2 24
$37.4M
$-116.1M
Q1 24
$11.7M
$11.8M
FCF Margin
AWI
AWI
ORA
ORA
Q4 25
16.0%
-14.5%
Q3 25
23.6%
-40.9%
Q2 25
14.5%
-16.2%
Q1 25
5.7%
-45.5%
Q4 24
15.7%
13.4%
Q3 24
19.9%
-1.6%
Q2 24
10.2%
-54.5%
Q1 24
3.6%
5.3%
Capex Intensity
AWI
AWI
ORA
ORA
Q4 25
12.3%
52.6%
Q3 25
5.3%
59.0%
Q2 25
4.7%
57.6%
Q1 25
5.0%
83.8%
Q4 24
7.8%
55.4%
Q3 24
5.0%
51.8%
Q2 24
5.5%
69.0%
Q1 24
4.5%
46.1%
Cash Conversion
AWI
AWI
ORA
ORA
Q4 25
1.68×
3.35×
Q3 25
1.42×
1.87×
Q2 25
0.93×
3.45×
Q1 25
0.59×
2.18×
Q4 24
1.39×
3.89×
Q3 24
1.25×
4.82×
Q2 24
0.87×
1.38×
Q1 24
0.44×
2.99×

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%

ORA
ORA

Electricity$186.6M68%
Products$63.1M23%
Energy Storage Segment$26.3M10%
Product Segment$1.2M0%

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