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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Palomar Holdings, Inc. (PLMR). 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 $253.4M, roughly 1.5× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 5.6%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $62.2M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
AWI vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $253.4M |
| Net Profit | $65.5M | — |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 28.7% |
| Net Margin | 16.9% | — |
| Revenue YoY | 5.6% | 62.7% |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $425.2M | $244.7M | ||
| Q2 25 | $424.6M | $203.3M | ||
| Q1 25 | $382.7M | $174.6M | ||
| Q4 24 | $367.7M | $155.8M | ||
| Q3 24 | $386.6M | $148.5M | ||
| Q2 24 | $365.1M | $131.1M | ||
| Q1 24 | $326.3M | $118.5M |
| Q4 25 | $65.5M | — | ||
| Q3 25 | $86.3M | $51.5M | ||
| Q2 25 | $87.8M | $46.5M | ||
| Q1 25 | $69.1M | $42.9M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $76.9M | $30.5M | ||
| Q2 24 | $65.9M | $25.7M | ||
| Q1 24 | $59.9M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 27.6% | 27.4% | ||
| Q2 25 | 29.0% | 29.5% | ||
| Q1 25 | 25.7% | 30.8% | ||
| Q4 24 | 22.3% | 28.9% | ||
| Q3 24 | 28.8% | 25.9% | ||
| Q2 24 | 26.0% | 25.5% | ||
| Q1 24 | 26.4% | 29.0% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 20.3% | 21.0% | ||
| Q2 25 | 20.7% | 22.9% | ||
| Q1 25 | 18.1% | 24.6% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 19.9% | 20.5% | ||
| Q2 24 | 18.0% | 19.6% | ||
| Q1 24 | 18.4% | 22.3% |
| Q4 25 | $1.51 | $2.05 | ||
| Q3 25 | $1.98 | $1.87 | ||
| Q2 25 | $2.01 | $1.68 | ||
| Q1 25 | $1.58 | $1.57 | ||
| Q4 24 | $1.41 | $1.29 | ||
| Q3 24 | $1.75 | $1.15 | ||
| Q2 24 | $1.50 | $1.00 | ||
| Q1 24 | $1.36 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $942.7M |
| Total Assets | $1.9B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $106.9M | ||
| Q3 25 | $90.1M | $111.7M | ||
| Q2 25 | $81.1M | $81.3M | ||
| Q1 25 | $82.8M | $119.3M | ||
| Q4 24 | $79.3M | $80.4M | ||
| Q3 24 | $73.7M | $86.5M | ||
| Q2 24 | $73.6M | $47.8M | ||
| Q1 24 | $69.6M | $61.4M |
| Q4 25 | $900.7M | $942.7M | ||
| Q3 25 | $889.2M | $878.1M | ||
| Q2 25 | $837.8M | $847.2M | ||
| Q1 25 | $793.4M | $790.4M | ||
| Q4 24 | $757.1M | $729.0M | ||
| Q3 24 | $717.0M | $703.3M | ||
| Q2 24 | $669.0M | $532.6M | ||
| Q1 24 | $626.8M | $501.7M |
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.9B | $2.9B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $62.2M | $409.0M |
| FCF MarginFCF / Revenue | 16.0% | 161.4% |
| Capex IntensityCapex / Revenue | 12.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $409.1M | ||
| Q3 25 | $122.9M | $83.6M | ||
| Q2 25 | $81.6M | $120.9M | ||
| Q1 25 | $41.0M | $87.2M | ||
| Q4 24 | $86.6M | $261.2M | ||
| Q3 24 | $96.5M | $100.3M | ||
| Q2 24 | $57.3M | $55.1M | ||
| Q1 24 | $26.4M | $33.1M |
| Q4 25 | $62.2M | $409.0M | ||
| Q3 25 | $100.3M | $83.6M | ||
| Q2 25 | $61.7M | $120.8M | ||
| Q1 25 | $21.9M | $87.1M | ||
| Q4 24 | $57.8M | $260.9M | ||
| Q3 24 | $77.1M | $100.1M | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | 16.0% | 161.4% | ||
| Q3 25 | 23.6% | 34.2% | ||
| Q2 25 | 14.5% | 59.4% | ||
| Q1 25 | 5.7% | 49.9% | ||
| Q4 24 | 15.7% | 167.5% | ||
| Q3 24 | 19.9% | 67.4% | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 12.3% | 0.1% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 4.7% | 0.0% | ||
| Q1 25 | 5.0% | 0.0% | ||
| Q4 24 | 7.8% | 0.2% | ||
| Q3 24 | 5.0% | 0.1% | ||
| Q2 24 | 5.5% | 0.0% | ||
| Q1 24 | 4.5% | 0.0% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.42× | 1.63× | ||
| Q2 25 | 0.93× | 2.60× | ||
| Q1 25 | 0.59× | 2.03× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | 3.29× | ||
| Q2 24 | 0.87× | 2.14× | ||
| Q1 24 | 0.44× | 1.26× |
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% |
PLMR
Segment breakdown not available.
