vs
Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 5.0%, a 11.9% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $14.9M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 7.1%).
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.
AWI vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $242.1M |
| Net Profit | $65.5M | $12.1M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 6.8% |
| Net Margin | 16.9% | 5.0% |
| Revenue YoY | 5.6% | 11.5% |
| Net Profit YoY | 5.3% | -16.2% |
| EPS (diluted) | $1.51 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $425.2M | $258.5M | ||
| Q2 25 | $424.6M | $240.7M | ||
| Q1 25 | $382.7M | $219.6M | ||
| Q4 24 | $367.7M | $217.2M | ||
| Q3 24 | $386.6M | $241.7M | ||
| Q2 24 | $365.1M | $224.9M | ||
| Q1 24 | $326.3M | $211.2M |
| Q4 25 | $65.5M | $12.1M | ||
| Q3 25 | $86.3M | $24.3M | ||
| Q2 25 | $87.8M | $19.9M | ||
| Q1 25 | $69.1M | $15.3M | ||
| Q4 24 | $62.2M | $14.4M | ||
| Q3 24 | $76.9M | $21.6M | ||
| Q2 24 | $65.9M | $15.8M | ||
| Q1 24 | $59.9M | $21.2M |
| 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% | 6.8% | ||
| Q3 25 | 27.6% | 10.2% | ||
| Q2 25 | 29.0% | 9.2% | ||
| Q1 25 | 25.7% | 7.7% | ||
| Q4 24 | 22.3% | 7.9% | ||
| Q3 24 | 28.8% | 10.3% | ||
| Q2 24 | 26.0% | 8.4% | ||
| Q1 24 | 26.4% | 8.0% |
| Q4 25 | 16.9% | 5.0% | ||
| Q3 25 | 20.3% | 9.4% | ||
| Q2 25 | 20.7% | 8.3% | ||
| Q1 25 | 18.1% | 7.0% | ||
| Q4 24 | 16.9% | 6.6% | ||
| Q3 24 | 19.9% | 8.9% | ||
| Q2 24 | 18.0% | 7.0% | ||
| Q1 24 | 18.4% | 10.0% |
| Q4 25 | $1.51 | $0.12 | ||
| Q3 25 | $1.98 | $0.23 | ||
| Q2 25 | $2.01 | $0.19 | ||
| Q1 25 | $1.58 | $0.15 | ||
| Q4 24 | $1.41 | $0.13 | ||
| Q3 24 | $1.75 | $0.20 | ||
| Q2 24 | $1.50 | $0.15 | ||
| Q1 24 | $1.36 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $900.7M | $542.6M |
| Total Assets | $1.9B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $16.3M | ||
| Q3 25 | $90.1M | $29.6M | ||
| Q2 25 | $81.1M | $35.0M | ||
| Q1 25 | $82.8M | $22.6M | ||
| Q4 24 | $79.3M | $57.4M | ||
| Q3 24 | $73.7M | $48.8M | ||
| Q2 24 | $73.6M | $62.5M | ||
| Q1 24 | $69.6M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $900.7M | $542.6M | ||
| Q3 25 | $889.2M | $552.8M | ||
| Q2 25 | $837.8M | $548.3M | ||
| Q1 25 | $793.4M | $530.6M | ||
| Q4 24 | $757.1M | $554.5M | ||
| Q3 24 | $717.0M | $540.1M | ||
| Q2 24 | $669.0M | $532.7M | ||
| Q1 24 | $626.8M | $515.5M |
| Q4 25 | $1.9B | $707.1M | ||
| Q3 25 | $1.9B | $732.6M | ||
| Q2 25 | $1.9B | $731.8M | ||
| Q1 25 | $1.9B | $708.7M | ||
| Q4 24 | $1.8B | $746.4M | ||
| Q3 24 | $1.8B | $734.0M | ||
| Q2 24 | $1.8B | $756.8M | ||
| Q1 24 | $1.7B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $62.2M | $14.9M |
| FCF MarginFCF / Revenue | 16.0% | 6.2% |
| Capex IntensityCapex / Revenue | 12.3% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.68× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $20.0M | ||
| Q3 25 | $122.9M | $33.2M | ||
| Q2 25 | $81.6M | $20.3M | ||
| Q1 25 | $41.0M | $10.1M | ||
| Q4 24 | $86.6M | $16.6M | ||
| Q3 24 | $96.5M | $28.6M | ||
| Q2 24 | $57.3M | $18.7M | ||
| Q1 24 | $26.4M | $15.0M |
| Q4 25 | $62.2M | $14.9M | ||
| Q3 25 | $100.3M | $27.6M | ||
| Q2 25 | $61.7M | $17.6M | ||
| Q1 25 | $21.9M | $8.4M | ||
| Q4 24 | $57.8M | $13.2M | ||
| Q3 24 | $77.1M | $27.5M | ||
| Q2 24 | $37.4M | $17.6M | ||
| Q1 24 | $11.7M | $13.7M |
| Q4 25 | 16.0% | 6.2% | ||
| Q3 25 | 23.6% | 10.7% | ||
| Q2 25 | 14.5% | 7.3% | ||
| Q1 25 | 5.7% | 3.8% | ||
| Q4 24 | 15.7% | 6.1% | ||
| Q3 24 | 19.9% | 11.4% | ||
| Q2 24 | 10.2% | 7.8% | ||
| Q1 24 | 3.6% | 6.5% |
| Q4 25 | 12.3% | 2.1% | ||
| Q3 25 | 5.3% | 2.2% | ||
| Q2 25 | 4.7% | 1.1% | ||
| Q1 25 | 5.0% | 0.8% | ||
| Q4 24 | 7.8% | 1.5% | ||
| Q3 24 | 5.0% | 0.5% | ||
| Q2 24 | 5.5% | 0.5% | ||
| Q1 24 | 4.5% | 0.6% |
| Q4 25 | 1.68× | 1.65× | ||
| Q3 25 | 1.42× | 1.36× | ||
| Q2 25 | 0.93× | 1.02× | ||
| Q1 25 | 0.59× | 0.66× | ||
| Q4 24 | 1.39× | 1.15× | ||
| Q3 24 | 1.25× | 1.33× | ||
| Q2 24 | 0.87× | 1.19× | ||
| Q1 24 | 0.44× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
