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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($4.6B vs $388.3M, roughly 11.8× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 11.3%, a 5.6% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -3.7%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 6.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
AWI vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $4.6B |
| Net Profit | $65.5M | $517.0M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | — |
| Net Margin | 16.9% | 11.3% |
| Revenue YoY | 5.6% | -3.7% |
| Net Profit YoY | 5.3% | -42.9% |
| EPS (diluted) | $1.51 | $2.30 |
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 | $4.6B | ||
| Q3 25 | $425.2M | $3.7B | ||
| Q2 25 | $424.6M | $3.7B | ||
| Q1 25 | $382.7M | $3.7B | ||
| Q4 24 | $367.7M | $4.8B | ||
| Q3 24 | $386.6M | $3.0B | ||
| Q2 24 | $365.1M | $4.3B | ||
| Q1 24 | $326.3M | $4.1B |
| Q4 25 | $65.5M | $517.0M | ||
| Q3 25 | $86.3M | $213.8M | ||
| Q2 25 | $87.8M | $406.2M | ||
| Q1 25 | $69.1M | $48.1M | ||
| Q4 24 | $62.2M | $905.4M | ||
| Q3 24 | $76.9M | $-220.0M | ||
| Q2 24 | $65.9M | $353.1M | ||
| Q1 24 | $59.9M | $532.5M |
| 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% | — | ||
| 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% | — |
| Q4 25 | 16.9% | 11.3% | ||
| Q3 25 | 20.3% | 5.8% | ||
| Q2 25 | 20.7% | 11.1% | ||
| Q1 25 | 18.1% | 1.3% | ||
| Q4 24 | 16.9% | 19.1% | ||
| Q3 24 | 19.9% | -7.3% | ||
| Q2 24 | 18.0% | 8.2% | ||
| Q1 24 | 18.4% | 13.1% |
| Q4 25 | $1.51 | $2.30 | ||
| Q3 25 | $1.98 | $0.95 | ||
| Q2 25 | $2.01 | $1.79 | ||
| Q1 25 | $1.58 | $0.21 | ||
| Q4 24 | $1.41 | $3.92 | ||
| Q3 24 | $1.75 | $-0.95 | ||
| Q2 24 | $1.50 | $1.49 | ||
| Q1 24 | $1.36 | $2.22 |
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 | $4.4B |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | $900.7M | $11.9B |
| Total Assets | $1.9B | $341.4B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $4.4B | ||
| Q3 25 | $90.1M | $5.1B | ||
| Q2 25 | $81.1M | $3.7B | ||
| Q1 25 | $82.8M | $3.9B | ||
| Q4 24 | $79.3M | $4.2B | ||
| Q3 24 | $73.7M | $6.2B | ||
| Q2 24 | $73.6M | $4.8B | ||
| Q1 24 | $69.6M | $4.2B |
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $900.7M | $11.9B | ||
| Q3 25 | $889.2M | $11.7B | ||
| Q2 25 | $837.8M | $11.4B | ||
| Q1 25 | $793.4M | $11.2B | ||
| Q4 24 | $757.1M | $11.1B | ||
| Q3 24 | $717.0M | $11.2B | ||
| Q2 24 | $669.0M | $11.0B | ||
| Q1 24 | $626.8M | $11.2B |
| Q4 25 | $1.9B | $341.4B | ||
| Q3 25 | $1.9B | $334.5B | ||
| Q2 25 | $1.9B | $323.1B | ||
| Q1 25 | $1.9B | $313.0B | ||
| Q4 24 | $1.8B | $313.7B | ||
| Q3 24 | $1.8B | $322.9B | ||
| Q2 24 | $1.8B | $308.8B | ||
| Q1 24 | $1.7B | $308.7B |
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
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 | $1.7B |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $1.7B | ||
| Q3 25 | $122.9M | $1.0B | ||
| Q2 25 | $81.6M | $811.9M | ||
| Q1 25 | $41.0M | $977.3M | ||
| Q4 24 | $86.6M | $1.5B | ||
| Q3 24 | $96.5M | $1.1B | ||
| Q2 24 | $57.3M | $1.4B | ||
| Q1 24 | $26.4M | $584.2M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.68× | 3.37× | ||
| Q3 25 | 1.42× | 4.70× | ||
| Q2 25 | 0.93× | 2.00× | ||
| Q1 25 | 0.59× | 20.32× | ||
| Q4 24 | 1.39× | 1.61× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.87× | 4.05× | ||
| Q1 24 | 0.44× | 1.10× |
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% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
