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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and ONE Group Hospitality, Inc. (STKS). 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 $207.0M, roughly 1.9× ONE Group Hospitality, Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -3.1%, a 19.9% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -6.7%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AWI vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $207.0M |
| Net Profit | $65.5M | $-6.4M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 2.2% |
| Net Margin | 16.9% | -3.1% |
| Revenue YoY | 5.6% | -6.7% |
| Net Profit YoY | 5.3% | -531.8% |
| EPS (diluted) | $1.51 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $425.2M | $180.2M | ||
| Q2 25 | $424.6M | $207.4M | ||
| Q1 25 | $382.7M | $211.1M | ||
| Q4 24 | $367.7M | $221.9M | ||
| Q3 24 | $386.6M | $194.0M | ||
| Q2 24 | $365.1M | $172.5M | ||
| Q1 24 | $326.3M | $85.0M |
| Q4 25 | $65.5M | $-6.4M | ||
| Q3 25 | $86.3M | $-76.7M | ||
| Q2 25 | $87.8M | $-10.1M | ||
| Q1 25 | $69.1M | $975.0K | ||
| Q4 24 | $62.2M | $1.5M | ||
| Q3 24 | $76.9M | $-9.3M | ||
| Q2 24 | $65.9M | $-7.3M | ||
| Q1 24 | $59.9M | $-2.1M |
| 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% | 2.2% | ||
| Q3 25 | 27.6% | -4.4% | ||
| Q2 25 | 29.0% | 0.3% | ||
| Q1 25 | 25.7% | 5.1% | ||
| Q4 24 | 22.3% | 5.5% | ||
| Q3 24 | 28.8% | -1.9% | ||
| Q2 24 | 26.0% | 0.6% | ||
| Q1 24 | 26.4% | -0.7% |
| Q4 25 | 16.9% | -3.1% | ||
| Q3 25 | 20.3% | -42.6% | ||
| Q2 25 | 20.7% | -4.9% | ||
| Q1 25 | 18.1% | 0.5% | ||
| Q4 24 | 16.9% | 0.7% | ||
| Q3 24 | 19.9% | -4.8% | ||
| Q2 24 | 18.0% | -4.3% | ||
| Q1 24 | 18.4% | -2.4% |
| Q4 25 | $1.51 | $-0.50 | ||
| Q3 25 | $1.98 | $-2.75 | ||
| Q2 25 | $2.01 | $-0.59 | ||
| Q1 25 | $1.58 | $-0.21 | ||
| Q4 24 | $1.41 | $-0.18 | ||
| Q3 24 | $1.75 | $-0.53 | ||
| Q2 24 | $1.50 | $-0.38 | ||
| Q1 24 | $1.36 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $900.7M | $-75.8M |
| Total Assets | $1.9B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $4.2M | ||
| Q3 25 | $90.1M | $5.5M | ||
| Q2 25 | $81.1M | $4.7M | ||
| Q1 25 | $82.8M | $21.4M | ||
| Q4 24 | $79.3M | $27.6M | ||
| Q3 24 | $73.7M | $28.2M | ||
| Q2 24 | $73.6M | $32.2M | ||
| Q1 24 | $69.6M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $900.7M | $-75.8M | ||
| Q3 25 | $889.2M | $-61.5M | ||
| Q2 25 | $837.8M | $23.0M | ||
| Q1 25 | $793.4M | $40.5M | ||
| Q4 24 | $757.1M | $45.9M | ||
| Q3 24 | $717.0M | $51.4M | ||
| Q2 24 | $669.0M | $68.1M | ||
| Q1 24 | $626.8M | $68.3M |
| Q4 25 | $1.9B | $884.2M | ||
| Q3 25 | $1.9B | $879.5M | ||
| Q2 25 | $1.9B | $935.7M | ||
| Q1 25 | $1.9B | $956.0M | ||
| Q4 24 | $1.8B | $960.1M | ||
| Q3 24 | $1.8B | $953.5M | ||
| Q2 24 | $1.8B | $945.9M | ||
| Q1 24 | $1.7B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $62.2M | $-329.0K |
| FCF MarginFCF / Revenue | 16.0% | -0.2% |
| Capex IntensityCapex / Revenue | 12.3% | 6.5% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $13.1M | ||
| Q3 25 | $122.9M | $5.9M | ||
| Q2 25 | $81.6M | $2.8M | ||
| Q1 25 | $41.0M | $8.5M | ||
| Q4 24 | $86.6M | $18.5M | ||
| Q3 24 | $96.5M | $19.1M | ||
| Q2 24 | $57.3M | $-3.8M | ||
| Q1 24 | $26.4M | $10.4M |
| Q4 25 | $62.2M | $-329.0K | ||
| Q3 25 | $100.3M | $-6.1M | ||
| Q2 25 | $61.7M | $-15.0M | ||
| Q1 25 | $21.9M | $-5.8M | ||
| Q4 24 | $57.8M | $733.0K | ||
| Q3 24 | $77.1M | $287.0K | ||
| Q2 24 | $37.4M | $-23.0M | ||
| Q1 24 | $11.7M | $-5.4M |
| Q4 25 | 16.0% | -0.2% | ||
| Q3 25 | 23.6% | -3.4% | ||
| Q2 25 | 14.5% | -7.2% | ||
| Q1 25 | 5.7% | -2.7% | ||
| Q4 24 | 15.7% | 0.3% | ||
| Q3 24 | 19.9% | 0.1% | ||
| Q2 24 | 10.2% | -13.3% | ||
| Q1 24 | 3.6% | -6.4% |
| Q4 25 | 12.3% | 6.5% | ||
| Q3 25 | 5.3% | 6.7% | ||
| Q2 25 | 4.7% | 8.6% | ||
| Q1 25 | 5.0% | 6.8% | ||
| Q4 24 | 7.8% | 8.0% | ||
| Q3 24 | 5.0% | 9.7% | ||
| Q2 24 | 5.5% | 11.1% | ||
| Q1 24 | 4.5% | 18.6% |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | 8.76× | ||
| Q4 24 | 1.39× | 12.54× | ||
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
