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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and QUINSTREET, INC (QNST). 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 $287.8M, roughly 1.3× QUINSTREET, INC). QUINSTREET, INC runs the higher net margin — 17.4% vs 16.9%, a 0.6% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 1.9%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $20.7M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% 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.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
AWI vs QNST — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $287.8M |
| Net Profit | $65.5M | $50.2M |
| Gross Margin | 39.8% | 9.6% |
| Operating Margin | 23.7% | 0.4% |
| Net Margin | 16.9% | 17.4% |
| Revenue YoY | 5.6% | 1.9% |
| Net Profit YoY | 5.3% | 3342.5% |
| EPS (diluted) | $1.51 | $0.87 |
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 | $287.8M | ||
| Q3 25 | $425.2M | $285.9M | ||
| Q2 25 | $424.6M | — | ||
| Q1 25 | $382.7M | $269.8M | ||
| Q4 24 | $367.7M | $282.6M | ||
| Q3 24 | $386.6M | $279.2M | ||
| Q2 24 | $365.1M | $198.3M | ||
| Q1 24 | $326.3M | $168.6M |
| Q4 25 | $65.5M | $50.2M | ||
| Q3 25 | $86.3M | $4.5M | ||
| Q2 25 | $87.8M | — | ||
| Q1 25 | $69.1M | $4.4M | ||
| Q4 24 | $62.2M | $-1.5M | ||
| Q3 24 | $76.9M | $-1.4M | ||
| Q2 24 | $65.9M | $-2.2M | ||
| Q1 24 | $59.9M | $-7.0M |
| Q4 25 | 39.8% | 9.6% | ||
| Q3 25 | 42.0% | 9.4% | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 39.2% | 10.3% | ||
| Q4 24 | 39.1% | 9.5% | ||
| Q3 24 | 42.4% | 10.2% | ||
| Q2 24 | 40.9% | 8.8% | ||
| Q1 24 | 38.1% | 8.5% |
| Q4 25 | 23.7% | 0.4% | ||
| Q3 25 | 27.6% | 1.7% | ||
| Q2 25 | 29.0% | — | ||
| Q1 25 | 25.7% | 1.8% | ||
| Q4 24 | 22.3% | -0.5% | ||
| Q3 24 | 28.8% | -0.4% | ||
| Q2 24 | 26.0% | -0.7% | ||
| Q1 24 | 26.4% | -3.2% |
| Q4 25 | 16.9% | 17.4% | ||
| Q3 25 | 20.3% | 1.6% | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 18.1% | 1.6% | ||
| Q4 24 | 16.9% | -0.5% | ||
| Q3 24 | 19.9% | -0.5% | ||
| Q2 24 | 18.0% | -1.1% | ||
| Q1 24 | 18.4% | -4.2% |
| Q4 25 | $1.51 | $0.87 | ||
| Q3 25 | $1.98 | $0.08 | ||
| Q2 25 | $2.01 | — | ||
| Q1 25 | $1.58 | $0.08 | ||
| Q4 24 | $1.41 | $-0.03 | ||
| Q3 24 | $1.75 | $-0.02 | ||
| Q2 24 | $1.50 | $-0.04 | ||
| Q1 24 | $1.36 | $-0.13 |
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 | $107.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $294.4M |
| Total Assets | $1.9B | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $107.0M | ||
| Q3 25 | $90.1M | $101.3M | ||
| Q2 25 | $81.1M | — | ||
| Q1 25 | $82.8M | $81.8M | ||
| Q4 24 | $79.3M | $57.8M | ||
| Q3 24 | $73.7M | $25.0M | ||
| Q2 24 | $73.6M | $50.5M | ||
| Q1 24 | $69.6M | $39.6M |
| Q4 25 | $900.7M | $294.4M | ||
| Q3 25 | $889.2M | $246.7M | ||
| Q2 25 | $837.8M | — | ||
| Q1 25 | $793.4M | $235.5M | ||
| Q4 24 | $757.1M | $224.3M | ||
| Q3 24 | $717.0M | $219.8M | ||
| Q2 24 | $669.0M | $216.8M | ||
| Q1 24 | $626.8M | $215.0M |
| Q4 25 | $1.9B | $493.0M | ||
| Q3 25 | $1.9B | $442.6M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $417.2M | ||
| Q4 24 | $1.8B | $409.6M | ||
| Q3 24 | $1.8B | $401.2M | ||
| Q2 24 | $1.8B | $368.5M | ||
| Q1 24 | $1.7B | $349.3M |
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 | $21.6M |
| Free Cash FlowOCF − Capex | $62.2M | $20.7M |
| FCF MarginFCF / Revenue | 16.0% | 7.2% |
| Capex IntensityCapex / Revenue | 12.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.68× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $21.6M | ||
| Q3 25 | $122.9M | $19.6M | ||
| Q2 25 | $81.6M | — | ||
| Q1 25 | $41.0M | $30.1M | ||
| Q4 24 | $86.6M | $38.7M | ||
| Q3 24 | $96.5M | $-13.7M | ||
| Q2 24 | $57.3M | $16.6M | ||
| Q1 24 | $26.4M | $4.1M |
| Q4 25 | $62.2M | $20.7M | ||
| Q3 25 | $100.3M | $18.4M | ||
| Q2 25 | $61.7M | — | ||
| Q1 25 | $21.9M | $29.5M | ||
| Q4 24 | $57.8M | $38.2M | ||
| Q3 24 | $77.1M | $-14.1M | ||
| Q2 24 | $37.4M | $15.4M | ||
| Q1 24 | $11.7M | $2.9M |
| Q4 25 | 16.0% | 7.2% | ||
| Q3 25 | 23.6% | 6.4% | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 5.7% | 10.9% | ||
| Q4 24 | 15.7% | 13.5% | ||
| Q3 24 | 19.9% | -5.1% | ||
| Q2 24 | 10.2% | 7.8% | ||
| Q1 24 | 3.6% | 1.7% |
| Q4 25 | 12.3% | 0.3% | ||
| Q3 25 | 5.3% | 0.4% | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 5.0% | 0.2% | ||
| Q4 24 | 7.8% | 0.2% | ||
| Q3 24 | 5.0% | 0.2% | ||
| Q2 24 | 5.5% | 0.6% | ||
| Q1 24 | 4.5% | 0.7% |
| Q4 25 | 1.68× | 0.43× | ||
| Q3 25 | 1.42× | 4.32× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | 6.82× | ||
| 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% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
