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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Simpson Manufacturing Co., Inc. is the larger business by last-quarter revenue ($588.0M vs $388.3M, roughly 1.5× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 15.0%, a 1.9% gap on every dollar of revenue. On growth, Simpson Manufacturing Co., Inc. posted the faster year-over-year revenue change (9.1% vs 5.6%). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs -0.8%).
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.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
AWI vs SSD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $588.0M |
| Net Profit | $65.5M | $88.2M |
| Gross Margin | 39.8% | 45.2% |
| Operating Margin | 23.7% | 19.5% |
| Net Margin | 16.9% | 15.0% |
| Revenue YoY | 5.6% | 9.1% |
| Net Profit YoY | 5.3% | 13.3% |
| EPS (diluted) | $1.51 | $2.13 |
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.
| Q1 26 | — | $588.0M | ||
| Q4 25 | $388.3M | $539.3M | ||
| Q3 25 | $425.2M | $623.5M | ||
| Q2 25 | $424.6M | $631.1M | ||
| Q1 25 | $382.7M | $538.9M | ||
| Q4 24 | $367.7M | $517.4M | ||
| Q3 24 | $386.6M | $587.2M | ||
| Q2 24 | $365.1M | $597.0M |
| Q1 26 | — | $88.2M | ||
| Q4 25 | $65.5M | $56.2M | ||
| Q3 25 | $86.3M | $107.4M | ||
| Q2 25 | $87.8M | $103.5M | ||
| Q1 25 | $69.1M | $77.9M | ||
| Q4 24 | $62.2M | $55.4M | ||
| Q3 24 | $76.9M | $93.5M | ||
| Q2 24 | $65.9M | $97.8M |
| Q1 26 | — | 45.2% | ||
| Q4 25 | 39.8% | 43.4% | ||
| Q3 25 | 42.0% | 46.4% | ||
| Q2 25 | 41.4% | 46.7% | ||
| Q1 25 | 39.2% | 46.8% | ||
| Q4 24 | 39.1% | 44.0% | ||
| Q3 24 | 42.4% | 46.8% | ||
| Q2 24 | 40.9% | 46.7% |
| Q1 26 | — | 19.5% | ||
| Q4 25 | 23.7% | 13.9% | ||
| Q3 25 | 27.6% | 22.6% | ||
| Q2 25 | 29.0% | 22.2% | ||
| Q1 25 | 25.7% | 19.0% | ||
| Q4 24 | 22.3% | 14.8% | ||
| Q3 24 | 28.8% | 21.3% | ||
| Q2 24 | 26.0% | 22.1% |
| Q1 26 | — | 15.0% | ||
| Q4 25 | 16.9% | 10.4% | ||
| Q3 25 | 20.3% | 17.2% | ||
| Q2 25 | 20.7% | 16.4% | ||
| Q1 25 | 18.1% | 14.5% | ||
| Q4 24 | 16.9% | 10.7% | ||
| Q3 24 | 19.9% | 15.9% | ||
| Q2 24 | 18.0% | 16.4% |
| Q1 26 | — | $2.13 | ||
| Q4 25 | $1.51 | $1.34 | ||
| Q3 25 | $1.98 | $2.58 | ||
| Q2 25 | $2.01 | $2.47 | ||
| Q1 25 | $1.58 | $1.85 | ||
| Q4 24 | $1.41 | $1.31 | ||
| Q3 24 | $1.75 | $2.21 | ||
| Q2 24 | $1.50 | $2.31 |
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 | $341.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $2.1B |
| Total Assets | $1.9B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $341.0M | ||
| Q4 25 | $112.7M | $384.1M | ||
| Q3 25 | $90.1M | $297.3M | ||
| Q2 25 | $81.1M | $190.4M | ||
| Q1 25 | $82.8M | $150.3M | ||
| Q4 24 | $79.3M | $239.4M | ||
| Q3 24 | $73.7M | $339.4M | ||
| Q2 24 | $73.6M | $354.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $300.0M | ||
| Q3 25 | — | $371.3M | ||
| Q2 25 | — | $376.9M | ||
| Q1 25 | — | $382.5M | ||
| Q4 24 | — | $388.1M | ||
| Q3 24 | — | $393.8M | ||
| Q2 24 | — | $399.4M |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $900.7M | $2.0B | ||
| Q3 25 | $889.2M | $2.0B | ||
| Q2 25 | $837.8M | $1.9B | ||
| Q1 25 | $793.4M | $1.9B | ||
| Q4 24 | $757.1M | $1.8B | ||
| Q3 24 | $717.0M | $1.9B | ||
| Q2 24 | $669.0M | $1.8B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $3.0B | ||
| Q1 25 | $1.9B | $2.8B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.8B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.23× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $110.0M | $155.7M | ||
| Q3 25 | $122.9M | $170.2M | ||
| Q2 25 | $81.6M | $125.2M | ||
| Q1 25 | $41.0M | $7.6M | ||
| Q4 24 | $86.6M | $115.8M | ||
| Q3 24 | $96.5M | $103.3M | ||
| Q2 24 | $57.3M | $111.1M |
| Q1 26 | — | — | ||
| Q4 25 | $62.2M | $119.0M | ||
| Q3 25 | $100.3M | $133.9M | ||
| Q2 25 | $61.7M | $87.3M | ||
| Q1 25 | $21.9M | $-42.6M | ||
| Q4 24 | $57.8M | $60.3M | ||
| Q3 24 | $77.1M | $58.1M | ||
| Q2 24 | $37.4M | $70.9M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 22.1% | ||
| Q3 25 | 23.6% | 21.5% | ||
| Q2 25 | 14.5% | 13.8% | ||
| Q1 25 | 5.7% | -7.9% | ||
| Q4 24 | 15.7% | 11.7% | ||
| Q3 24 | 19.9% | 9.9% | ||
| Q2 24 | 10.2% | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 6.8% | ||
| Q3 25 | 5.3% | 5.8% | ||
| Q2 25 | 4.7% | 6.0% | ||
| Q1 25 | 5.0% | 9.3% | ||
| Q4 24 | 7.8% | 10.7% | ||
| Q3 24 | 5.0% | 7.7% | ||
| Q2 24 | 5.5% | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 2.77× | ||
| Q3 25 | 1.42× | 1.58× | ||
| Q2 25 | 0.93× | 1.21× | ||
| Q1 25 | 0.59× | 0.10× | ||
| Q4 24 | 1.39× | 2.09× | ||
| Q3 24 | 1.25× | 1.10× | ||
| Q2 24 | 0.87× | 1.14× |
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% |
SSD
Segment breakdown not available.
