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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $388.3M, roughly 2.0× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 2.2%, a 14.7% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs 2.5%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $28.9M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
AWI vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $766.5M |
| Net Profit | $65.5M | $16.5M |
| Gross Margin | 39.8% | 13.4% |
| Operating Margin | 23.7% | 2.3% |
| Net Margin | 16.9% | 2.2% |
| Revenue YoY | 5.6% | 2.5% |
| Net Profit YoY | 5.3% | -3.3% |
| EPS (diluted) | $1.51 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $425.2M | $739.6M | ||
| Q2 25 | $424.6M | $812.9M | ||
| Q1 25 | $382.7M | $704.8M | ||
| Q4 24 | $367.7M | $747.5M | ||
| Q3 24 | $386.6M | $775.6M | ||
| Q2 24 | $365.1M | $746.1M | ||
| Q1 24 | $326.3M | $752.6M |
| Q4 25 | $65.5M | $16.5M | ||
| Q3 25 | $86.3M | $19.9M | ||
| Q2 25 | $87.8M | $20.1M | ||
| Q1 25 | $69.1M | $17.4M | ||
| Q4 24 | $62.2M | $17.1M | ||
| Q3 24 | $76.9M | $17.0M | ||
| Q2 24 | $65.9M | $16.1M | ||
| Q1 24 | $59.9M | $12.8M |
| Q4 25 | 39.8% | 13.4% | ||
| Q3 25 | 42.0% | 14.5% | ||
| Q2 25 | 41.4% | 12.9% | ||
| Q1 25 | 39.2% | 14.2% | ||
| Q4 24 | 39.1% | 13.6% | ||
| Q3 24 | 42.4% | 13.1% | ||
| Q2 24 | 40.9% | 13.0% | ||
| Q1 24 | 38.1% | 12.6% |
| Q4 25 | 23.7% | 2.3% | ||
| Q3 25 | 27.6% | 3.5% | ||
| Q2 25 | 29.0% | 3.3% | ||
| Q1 25 | 25.7% | 3.2% | ||
| Q4 24 | 22.3% | 2.5% | ||
| Q3 24 | 28.8% | 2.3% | ||
| Q2 24 | 26.0% | 2.9% | ||
| Q1 24 | 26.4% | 2.3% |
| Q4 25 | 16.9% | 2.2% | ||
| Q3 25 | 20.3% | 2.7% | ||
| Q2 25 | 20.7% | 2.5% | ||
| Q1 25 | 18.1% | 2.5% | ||
| Q4 24 | 16.9% | 2.3% | ||
| Q3 24 | 19.9% | 2.2% | ||
| Q2 24 | 18.0% | 2.2% | ||
| Q1 24 | 18.4% | 1.7% |
| Q4 25 | $1.51 | $0.75 | ||
| Q3 25 | $1.98 | $0.89 | ||
| Q2 25 | $2.01 | $0.87 | ||
| Q1 25 | $1.58 | $0.74 | ||
| Q4 24 | $1.41 | $0.70 | ||
| Q3 24 | $1.75 | $0.69 | ||
| Q2 24 | $1.50 | $0.66 | ||
| Q1 24 | $1.36 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $910.9M |
| Total Assets | $1.9B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $83.5M | ||
| Q3 25 | $90.1M | $124.9M | ||
| Q2 25 | $81.1M | $126.2M | ||
| Q1 25 | $82.8M | $146.3M | ||
| Q4 24 | $79.3M | $110.5M | ||
| Q3 24 | $73.7M | $145.0M | ||
| Q2 24 | $73.6M | $185.5M | ||
| Q1 24 | $69.6M | $159.1M |
| Q4 25 | $900.7M | $910.9M | ||
| Q3 25 | $889.2M | $914.0M | ||
| Q2 25 | $837.8M | $906.4M | ||
| Q1 25 | $793.4M | $901.7M | ||
| Q4 24 | $757.1M | $900.7M | ||
| Q3 24 | $717.0M | $920.9M | ||
| Q2 24 | $669.0M | $924.3M | ||
| Q1 24 | $626.8M | $944.1M |
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.7B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $62.2M | $28.9M |
| FCF MarginFCF / Revenue | 16.0% | 3.8% |
| Capex IntensityCapex / Revenue | 12.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.68× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $30.8M | ||
| Q3 25 | $122.9M | $23.2M | ||
| Q2 25 | $81.6M | — | ||
| Q1 25 | $41.0M | $66.1M | ||
| Q4 24 | $86.6M | $-6.2M | ||
| Q3 24 | $96.5M | $44.8M | ||
| Q2 24 | $57.3M | — | ||
| Q1 24 | $26.4M | $160.2M |
| Q4 25 | $62.2M | $28.9M | ||
| Q3 25 | $100.3M | $20.8M | ||
| Q2 25 | $61.7M | — | ||
| Q1 25 | $21.9M | $64.6M | ||
| Q4 24 | $57.8M | $-8.2M | ||
| Q3 24 | $77.1M | $42.5M | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $11.7M | $157.7M |
| Q4 25 | 16.0% | 3.8% | ||
| Q3 25 | 23.6% | 2.8% | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 5.7% | 9.2% | ||
| Q4 24 | 15.7% | -1.1% | ||
| Q3 24 | 19.9% | 5.5% | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 3.6% | 21.0% |
| Q4 25 | 12.3% | 0.3% | ||
| Q3 25 | 5.3% | 0.3% | ||
| Q2 25 | 4.7% | 0.3% | ||
| Q1 25 | 5.0% | 0.2% | ||
| Q4 24 | 7.8% | 0.3% | ||
| Q3 24 | 5.0% | 0.3% | ||
| Q2 24 | 5.5% | 0.2% | ||
| Q1 24 | 4.5% | 0.3% |
| Q4 25 | 1.68× | 1.87× | ||
| Q3 25 | 1.42× | 1.17× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | 3.79× | ||
| Q4 24 | 1.39× | -0.36× | ||
| Q3 24 | 1.25× | 2.64× | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 0.44× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
