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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and SunOpta Inc. (STKL). 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 $205.4M, roughly 1.9× SunOpta Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 0.4%, a 16.5% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $12.1M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 7.4%).
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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
AWI vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $205.4M |
| Net Profit | $65.5M | $816.0K |
| Gross Margin | 39.8% | 12.4% |
| Operating Margin | 23.7% | 3.3% |
| Net Margin | 16.9% | 0.4% |
| Revenue YoY | 5.6% | 16.6% |
| Net Profit YoY | 5.3% | 113.1% |
| EPS (diluted) | $1.51 | $0.01 |
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 | — | ||
| Q3 25 | $425.2M | $205.4M | ||
| Q2 25 | $424.6M | $191.5M | ||
| Q1 25 | $382.7M | $201.6M | ||
| Q4 24 | $367.7M | $193.9M | ||
| Q3 24 | $386.6M | $175.9M | ||
| Q2 24 | $365.1M | $169.5M | ||
| Q1 24 | $326.3M | $184.4M |
| Q4 25 | $65.5M | — | ||
| Q3 25 | $86.3M | $816.0K | ||
| Q2 25 | $87.8M | $4.4M | ||
| Q1 25 | $69.1M | $4.8M | ||
| Q4 24 | $62.2M | $-8.7M | ||
| Q3 24 | $76.9M | $-6.2M | ||
| Q2 24 | $65.9M | $-5.3M | ||
| Q1 24 | $59.9M | $2.9M |
| Q4 25 | 39.8% | — | ||
| Q3 25 | 42.0% | 12.4% | ||
| Q2 25 | 41.4% | 14.8% | ||
| Q1 25 | 39.2% | 15.0% | ||
| Q4 24 | 39.1% | 10.9% | ||
| Q3 24 | 42.4% | 13.0% | ||
| Q2 24 | 40.9% | 12.5% | ||
| Q1 24 | 38.1% | 16.8% |
| Q4 25 | 23.7% | — | ||
| Q3 25 | 27.6% | 3.3% | ||
| Q2 25 | 29.0% | 5.5% | ||
| Q1 25 | 25.7% | 5.2% | ||
| Q4 24 | 22.3% | 1.4% | ||
| Q3 24 | 28.8% | 0.5% | ||
| Q2 24 | 26.0% | 1.2% | ||
| Q1 24 | 26.4% | 5.5% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 20.3% | 0.4% | ||
| Q2 25 | 20.7% | 2.3% | ||
| Q1 25 | 18.1% | 2.4% | ||
| Q4 24 | 16.9% | -4.5% | ||
| Q3 24 | 19.9% | -3.5% | ||
| Q2 24 | 18.0% | -3.1% | ||
| Q1 24 | 18.4% | 1.6% |
| Q4 25 | $1.51 | — | ||
| Q3 25 | $1.98 | $0.01 | ||
| Q2 25 | $2.01 | $0.03 | ||
| Q1 25 | $1.58 | $0.04 | ||
| Q4 24 | $1.41 | $-0.08 | ||
| Q3 24 | $1.75 | $-0.05 | ||
| Q2 24 | $1.50 | $-0.04 | ||
| Q1 24 | $1.36 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $900.7M | $162.8M |
| Total Assets | $1.9B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | — | ||
| Q3 25 | $90.1M | $2.2M | ||
| Q2 25 | $81.1M | $2.2M | ||
| Q1 25 | $82.8M | $2.3M | ||
| Q4 24 | $79.3M | $1.6M | ||
| Q3 24 | $73.7M | $2.9M | ||
| Q2 24 | $73.6M | $3.2M | ||
| Q1 24 | $69.6M | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $900.7M | — | ||
| Q3 25 | $889.2M | $162.8M | ||
| Q2 25 | $837.8M | $159.8M | ||
| Q1 25 | $793.4M | $154.8M | ||
| Q4 24 | $757.1M | $148.6M | ||
| Q3 24 | $717.0M | $155.0M | ||
| Q2 24 | $669.0M | $158.8M | ||
| Q1 24 | $626.8M | $163.6M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $694.1M | ||
| Q2 25 | $1.9B | $704.9M | ||
| Q1 25 | $1.9B | $690.7M | ||
| Q4 24 | $1.8B | $668.5M | ||
| Q3 24 | $1.8B | $699.3M | ||
| Q2 24 | $1.8B | $704.7M | ||
| Q1 24 | $1.7B | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $62.2M | $12.1M |
| FCF MarginFCF / Revenue | 16.0% | 5.9% |
| Capex IntensityCapex / Revenue | 12.3% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.68× | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | — | ||
| Q3 25 | $122.9M | $16.3M | ||
| Q2 25 | $81.6M | $-4.5M | ||
| Q1 25 | $41.0M | $22.3M | ||
| Q4 24 | $86.6M | $33.1M | ||
| Q3 24 | $96.5M | $17.2M | ||
| Q2 24 | $57.3M | $-5.6M | ||
| Q1 24 | $26.4M | $5.3M |
| Q4 25 | $62.2M | — | ||
| Q3 25 | $100.3M | $12.1M | ||
| Q2 25 | $61.7M | $-9.2M | ||
| Q1 25 | $21.9M | $9.5M | ||
| Q4 24 | $57.8M | $24.0M | ||
| Q3 24 | $77.1M | $11.7M | ||
| Q2 24 | $37.4M | $-15.3M | ||
| Q1 24 | $11.7M | $-2.3M |
| Q4 25 | 16.0% | — | ||
| Q3 25 | 23.6% | 5.9% | ||
| Q2 25 | 14.5% | -4.8% | ||
| Q1 25 | 5.7% | 4.7% | ||
| Q4 24 | 15.7% | 12.4% | ||
| Q3 24 | 19.9% | 6.6% | ||
| Q2 24 | 10.2% | -9.0% | ||
| Q1 24 | 3.6% | -1.2% |
| Q4 25 | 12.3% | — | ||
| Q3 25 | 5.3% | 2.1% | ||
| Q2 25 | 4.7% | 2.5% | ||
| Q1 25 | 5.0% | 6.3% | ||
| Q4 24 | 7.8% | 4.7% | ||
| Q3 24 | 5.0% | 3.2% | ||
| Q2 24 | 5.5% | 5.7% | ||
| Q1 24 | 4.5% | 4.1% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.42× | 20.03× | ||
| Q2 25 | 0.93× | -1.03× | ||
| Q1 25 | 0.59× | 4.63× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 0.44× | 1.83× |
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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
