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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($468.1M vs $388.3M, roughly 1.2× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -276.6%, a 293.4% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 5.6%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $62.2M).

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.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

AWI vs STUB — Head-to-Head

Bigger by revenue
STUB
STUB
1.2× larger
STUB
$468.1M
$388.3M
AWI
Growing faster (revenue YoY)
STUB
STUB
+2.3% gap
STUB
7.9%
5.6%
AWI
Higher net margin
AWI
AWI
293.4% more per $
AWI
16.9%
-276.6%
STUB
More free cash flow
STUB
STUB
$118.1M more FCF
STUB
$180.3M
$62.2M
AWI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AWI
AWI
STUB
STUB
Revenue
$388.3M
$468.1M
Net Profit
$65.5M
$-1.3B
Gross Margin
39.8%
Operating Margin
23.7%
-292.3%
Net Margin
16.9%
-276.6%
Revenue YoY
5.6%
7.9%
Net Profit YoY
5.3%
-3821.6%
EPS (diluted)
$1.51
$-4.27

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.

Revenue
AWI
AWI
STUB
STUB
Q4 25
$388.3M
Q3 25
$425.2M
$468.1M
Q2 25
$424.6M
Q1 25
$382.7M
Q4 24
$367.7M
Q3 24
$386.6M
$433.8M
Q2 24
$365.1M
Q1 24
$326.3M
Net Profit
AWI
AWI
STUB
STUB
Q4 25
$65.5M
Q3 25
$86.3M
$-1.3B
Q2 25
$87.8M
Q1 25
$69.1M
Q4 24
$62.2M
Q3 24
$76.9M
$-33.0M
Q2 24
$65.9M
Q1 24
$59.9M
Gross Margin
AWI
AWI
STUB
STUB
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%
Operating Margin
AWI
AWI
STUB
STUB
Q4 25
23.7%
Q3 25
27.6%
-292.3%
Q2 25
29.0%
Q1 25
25.7%
Q4 24
22.3%
Q3 24
28.8%
2.8%
Q2 24
26.0%
Q1 24
26.4%
Net Margin
AWI
AWI
STUB
STUB
Q4 25
16.9%
Q3 25
20.3%
-276.6%
Q2 25
20.7%
Q1 25
18.1%
Q4 24
16.9%
Q3 24
19.9%
-7.6%
Q2 24
18.0%
Q1 24
18.4%
EPS (diluted)
AWI
AWI
STUB
STUB
Q4 25
$1.51
Q3 25
$1.98
$-4.27
Q2 25
$2.01
Q1 25
$1.58
Q4 24
$1.41
Q3 24
$1.75
$-0.15
Q2 24
$1.50
Q1 24
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AWI
AWI
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$112.7M
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$900.7M
$1.7B
Total Assets
$1.9B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWI
AWI
STUB
STUB
Q4 25
$112.7M
Q3 25
$90.1M
$1.4B
Q2 25
$81.1M
Q1 25
$82.8M
Q4 24
$79.3M
Q3 24
$73.7M
$1.1B
Q2 24
$73.6M
Q1 24
$69.6M
Total Debt
AWI
AWI
STUB
STUB
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AWI
AWI
STUB
STUB
Q4 25
$900.7M
Q3 25
$889.2M
$1.7B
Q2 25
$837.8M
Q1 25
$793.4M
Q4 24
$757.1M
Q3 24
$717.0M
$815.9M
Q2 24
$669.0M
Q1 24
$626.8M
Total Assets
AWI
AWI
STUB
STUB
Q4 25
$1.9B
Q3 25
$1.9B
$5.6B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$1.7B
Debt / Equity
AWI
AWI
STUB
STUB
Q4 25
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AWI
AWI
STUB
STUB
Operating Cash FlowLast quarter
$110.0M
$181.4M
Free Cash FlowOCF − Capex
$62.2M
$180.3M
FCF MarginFCF / Revenue
16.0%
38.5%
Capex IntensityCapex / Revenue
12.3%
0.2%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters
$246.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWI
AWI
STUB
STUB
Q4 25
$110.0M
Q3 25
$122.9M
$181.4M
Q2 25
$81.6M
Q1 25
$41.0M
Q4 24
$86.6M
Q3 24
$96.5M
Q2 24
$57.3M
Q1 24
$26.4M
Free Cash Flow
AWI
AWI
STUB
STUB
Q4 25
$62.2M
Q3 25
$100.3M
$180.3M
Q2 25
$61.7M
Q1 25
$21.9M
Q4 24
$57.8M
Q3 24
$77.1M
Q2 24
$37.4M
Q1 24
$11.7M
FCF Margin
AWI
AWI
STUB
STUB
Q4 25
16.0%
Q3 25
23.6%
38.5%
Q2 25
14.5%
Q1 25
5.7%
Q4 24
15.7%
Q3 24
19.9%
Q2 24
10.2%
Q1 24
3.6%
Capex Intensity
AWI
AWI
STUB
STUB
Q4 25
12.3%
Q3 25
5.3%
0.2%
Q2 25
4.7%
Q1 25
5.0%
Q4 24
7.8%
Q3 24
5.0%
Q2 24
5.5%
Q1 24
4.5%
Cash Conversion
AWI
AWI
STUB
STUB
Q4 25
1.68×
Q3 25
1.42×
Q2 25
0.93×
Q1 25
0.59×
Q4 24
1.39×
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
AWI

Distributors$183.0M47%
Architectural Specialties$143.7M37%
Home Centers$27.2M7%
Retailers And Other$21.7M6%
Direct Customers$12.7M3%

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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