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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and PROCORE TECHNOLOGIES, INC. (PCOR). 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 $349.1M, roughly 1.1× PROCORE TECHNOLOGIES, INC.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -10.8%, a 27.6% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 5.6%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $62.2M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
AWI vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $349.1M |
| Net Profit | $65.5M | $-37.6M |
| Gross Margin | 39.8% | 80.1% |
| Operating Margin | 23.7% | -12.3% |
| Net Margin | 16.9% | -10.8% |
| Revenue YoY | 5.6% | 15.6% |
| Net Profit YoY | 5.3% | 39.6% |
| EPS (diluted) | $1.51 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $425.2M | $338.9M | ||
| Q2 25 | $424.6M | $323.9M | ||
| Q1 25 | $382.7M | $310.6M | ||
| Q4 24 | $367.7M | $302.0M | ||
| Q3 24 | $386.6M | $295.9M | ||
| Q2 24 | $365.1M | $284.3M | ||
| Q1 24 | $326.3M | $269.4M |
| Q4 25 | $65.5M | $-37.6M | ||
| Q3 25 | $86.3M | $-9.1M | ||
| Q2 25 | $87.8M | $-21.1M | ||
| Q1 25 | $69.1M | $-33.0M | ||
| Q4 24 | $62.2M | $-62.3M | ||
| Q3 24 | $76.9M | $-26.4M | ||
| Q2 24 | $65.9M | $-6.3M | ||
| Q1 24 | $59.9M | $-11.0M |
| Q4 25 | 39.8% | 80.1% | ||
| Q3 25 | 42.0% | 79.7% | ||
| Q2 25 | 41.4% | 79.1% | ||
| Q1 25 | 39.2% | 79.1% | ||
| Q4 24 | 39.1% | 81.2% | ||
| Q3 24 | 42.4% | 81.4% | ||
| Q2 24 | 40.9% | 83.1% | ||
| Q1 24 | 38.1% | 83.0% |
| Q4 25 | 23.7% | -12.3% | ||
| Q3 25 | 27.6% | -4.4% | ||
| Q2 25 | 29.0% | -9.3% | ||
| Q1 25 | 25.7% | -11.7% | ||
| Q4 24 | 22.3% | -21.9% | ||
| Q3 24 | 28.8% | -12.3% | ||
| Q2 24 | 26.0% | -5.2% | ||
| Q1 24 | 26.4% | -7.0% |
| Q4 25 | 16.9% | -10.8% | ||
| Q3 25 | 20.3% | -2.7% | ||
| Q2 25 | 20.7% | -6.5% | ||
| Q1 25 | 18.1% | -10.6% | ||
| Q4 24 | 16.9% | -20.6% | ||
| Q3 24 | 19.9% | -8.9% | ||
| Q2 24 | 18.0% | -2.2% | ||
| Q1 24 | 18.4% | -4.1% |
| Q4 25 | $1.51 | $-0.25 | ||
| Q3 25 | $1.98 | $-0.06 | ||
| Q2 25 | $2.01 | $-0.14 | ||
| Q1 25 | $1.58 | $-0.22 | ||
| Q4 24 | $1.41 | $-0.42 | ||
| Q3 24 | $1.75 | $-0.18 | ||
| Q2 24 | $1.50 | $-0.04 | ||
| Q1 24 | $1.36 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $1.3B |
| Total Assets | $1.9B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $768.5M | ||
| Q3 25 | $90.1M | $684.0M | ||
| Q2 25 | $81.1M | $620.9M | ||
| Q1 25 | $82.8M | $566.7M | ||
| Q4 24 | $79.3M | $775.4M | ||
| Q3 24 | $73.7M | $756.9M | ||
| Q2 24 | $73.6M | $735.4M | ||
| Q1 24 | $69.6M | $744.6M |
| Q4 25 | $900.7M | $1.3B | ||
| Q3 25 | $889.2M | $1.2B | ||
| Q2 25 | $837.8M | $1.2B | ||
| Q1 25 | $793.4M | $1.2B | ||
| Q4 24 | $757.1M | $1.3B | ||
| Q3 24 | $717.0M | $1.3B | ||
| Q2 24 | $669.0M | $1.3B | ||
| Q1 24 | $626.8M | $1.2B |
| Q4 25 | $1.9B | $2.2B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.7B | $1.9B |
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 | $114.9M |
| Free Cash FlowOCF − Capex | $62.2M | $109.2M |
| FCF MarginFCF / Revenue | 16.0% | 31.3% |
| Capex IntensityCapex / Revenue | 12.3% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $114.9M | ||
| Q3 25 | $122.9M | $88.5M | ||
| Q2 25 | $81.6M | $30.8M | ||
| Q1 25 | $41.0M | $66.0M | ||
| Q4 24 | $86.6M | $29.1M | ||
| Q3 24 | $96.5M | $39.3M | ||
| Q2 24 | $57.3M | $58.7M | ||
| Q1 24 | $26.4M | $69.1M |
| Q4 25 | $62.2M | $109.2M | ||
| Q3 25 | $100.3M | $83.1M | ||
| Q2 25 | $61.7M | $27.9M | ||
| Q1 25 | $21.9M | $62.0M | ||
| Q4 24 | $57.8M | $17.4M | ||
| Q3 24 | $77.1M | $35.7M | ||
| Q2 24 | $37.4M | $56.8M | ||
| Q1 24 | $11.7M | $67.1M |
| Q4 25 | 16.0% | 31.3% | ||
| Q3 25 | 23.6% | 24.5% | ||
| Q2 25 | 14.5% | 8.6% | ||
| Q1 25 | 5.7% | 20.0% | ||
| Q4 24 | 15.7% | 5.8% | ||
| Q3 24 | 19.9% | 12.1% | ||
| Q2 24 | 10.2% | 20.0% | ||
| Q1 24 | 3.6% | 24.9% |
| Q4 25 | 12.3% | 1.6% | ||
| Q3 25 | 5.3% | 1.6% | ||
| Q2 25 | 4.7% | 0.9% | ||
| Q1 25 | 5.0% | 1.3% | ||
| Q4 24 | 7.8% | 3.9% | ||
| Q3 24 | 5.0% | 1.2% | ||
| Q2 24 | 5.5% | 0.7% | ||
| Q1 24 | 4.5% | 0.8% |
| 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
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
