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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $388.3M, roughly 1.8× ARMSTRONG WORLD INDUSTRIES INC). On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
AWI vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $704.9M |
| Net Profit | $65.5M | — |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 25.9% |
| Net Margin | 16.9% | — |
| Revenue YoY | 5.6% | -17.3% |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $425.2M | $811.6M | ||
| Q2 25 | $424.6M | $792.9M | ||
| Q1 25 | $382.7M | $844.5M | ||
| Q4 24 | $367.7M | $852.0M | ||
| Q3 24 | $386.6M | $643.6M | ||
| Q2 24 | $365.1M | $634.6M | ||
| Q1 24 | $326.3M | $559.9M |
| Q4 25 | $65.5M | — | ||
| Q3 25 | $86.3M | $155.1M | ||
| Q2 25 | $87.8M | $201.7M | ||
| Q1 25 | $69.1M | $182.3M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $76.9M | $240.5M | ||
| Q2 24 | $65.9M | $210.3M | ||
| Q1 24 | $59.9M | $131.2M |
| 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% | 25.9% | ||
| Q3 25 | 27.6% | 30.4% | ||
| Q2 25 | 29.0% | 37.2% | ||
| Q1 25 | 25.7% | 32.7% | ||
| Q4 24 | 22.3% | 33.7% | ||
| Q3 24 | 28.8% | 51.4% | ||
| Q2 24 | 26.0% | 44.0% | ||
| Q1 24 | 26.4% | 31.9% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 20.3% | 19.1% | ||
| Q2 25 | 20.7% | 25.4% | ||
| Q1 25 | 18.1% | 21.6% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 19.9% | 37.4% | ||
| Q2 24 | 18.0% | 33.1% | ||
| Q1 24 | 18.4% | 23.4% |
| Q4 25 | $1.51 | $0.94 | ||
| Q3 25 | $1.98 | $1.35 | ||
| Q2 25 | $2.01 | $1.76 | ||
| Q1 25 | $1.58 | $1.59 | ||
| Q4 24 | $1.41 | $1.63 | ||
| Q3 24 | $1.75 | $2.09 | ||
| Q2 24 | $1.50 | $1.82 | ||
| Q1 24 | $1.36 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $4.8B |
| Total Assets | $1.9B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $368.0M | ||
| Q3 25 | $90.1M | $162.3M | ||
| Q2 25 | $81.1M | $101.9M | ||
| Q1 25 | $82.8M | $54.0K | ||
| Q4 24 | $79.3M | — | ||
| Q3 24 | $73.7M | $1.7B | ||
| Q2 24 | $73.6M | $487.9M | ||
| Q1 24 | $69.6M | $506.3M |
| Q4 25 | $900.7M | $4.8B | ||
| Q3 25 | $889.2M | $4.7B | ||
| Q2 25 | $837.8M | $4.6B | ||
| Q1 25 | $793.4M | $4.4B | ||
| Q4 24 | $757.1M | $4.2B | ||
| Q3 24 | $717.0M | $4.1B | ||
| Q2 24 | $669.0M | $3.8B | ||
| Q1 24 | $626.8M | $3.7B |
| Q4 25 | $1.9B | $9.3B | ||
| Q3 25 | $1.9B | $9.1B | ||
| Q2 25 | $1.9B | $9.0B | ||
| Q1 25 | $1.9B | $8.8B | ||
| Q4 24 | $1.8B | $8.6B | ||
| Q3 24 | $1.8B | $8.0B | ||
| Q2 24 | $1.8B | $6.7B | ||
| Q1 24 | $1.7B | $6.4B |
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 | $451.9M |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $451.9M | ||
| Q3 25 | $122.9M | $505.0M | ||
| Q2 25 | $81.6M | $571.1M | ||
| Q1 25 | $41.0M | $483.0M | ||
| Q4 24 | $86.6M | $578.4M | ||
| Q3 24 | $96.5M | $452.3M | ||
| Q2 24 | $57.3M | $476.4M | ||
| Q1 24 | $26.4M | $276.0M |
| 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× | — | ||
| Q3 25 | 1.42× | 3.26× | ||
| Q2 25 | 0.93× | 2.83× | ||
| Q1 25 | 0.59× | 2.65× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | 1.88× | ||
| Q2 24 | 0.87× | 2.27× | ||
| Q1 24 | 0.44× | 2.10× |
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% |
SM
Segment breakdown not available.
