vs
Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $388.3M, roughly 1.3× ARMSTRONG WORLD INDUSTRIES INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -9.3%, a 26.2% gap on every dollar of revenue. ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $37.1M).
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.
AWI vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $508.3M |
| Net Profit | $65.5M | $-47.2M |
| Gross Margin | 39.8% | 35.2% |
| Operating Margin | 23.7% | -3.8% |
| Net Margin | 16.9% | -9.3% |
| Revenue YoY | 5.6% | — |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | — |
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 | $508.3M | ||
| Q3 25 | $425.2M | $473.9M | ||
| Q2 25 | $424.6M | $313.9M | ||
| Q1 25 | $382.7M | $234.2M | ||
| Q4 24 | $367.7M | — | ||
| Q3 24 | $386.6M | — | ||
| Q2 24 | $365.1M | — | ||
| Q1 24 | $326.3M | — |
| Q4 25 | $65.5M | $-47.2M | ||
| Q3 25 | $86.3M | $-13.9M | ||
| Q2 25 | $87.8M | $-233.0K | ||
| Q1 25 | $69.1M | $-25.8M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $76.9M | — | ||
| Q2 24 | $65.9M | — | ||
| Q1 24 | $59.9M | — |
| Q4 25 | 39.8% | 35.2% | ||
| Q3 25 | 42.0% | 32.2% | ||
| Q2 25 | 41.4% | 23.6% | ||
| Q1 25 | 39.2% | 18.6% | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 23.7% | -3.8% | ||
| Q3 25 | 27.6% | -1.4% | ||
| Q2 25 | 29.0% | 5.8% | ||
| Q1 25 | 25.7% | -4.0% | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 28.8% | — | ||
| Q2 24 | 26.0% | — | ||
| Q1 24 | 26.4% | — |
| Q4 25 | 16.9% | -9.3% | ||
| Q3 25 | 20.3% | -2.9% | ||
| Q2 25 | 20.7% | -0.1% | ||
| Q1 25 | 18.1% | -11.0% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 18.4% | — |
| Q4 25 | $1.51 | — | ||
| Q3 25 | $1.98 | $-0.08 | ||
| Q2 25 | $2.01 | — | ||
| Q1 25 | $1.58 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.75 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.7M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $900.7M | $2.2B |
| Total Assets | $1.9B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $439.5M | ||
| Q3 25 | $90.1M | $164.4M | ||
| Q2 25 | $81.1M | $130.1M | ||
| Q1 25 | $82.8M | $155.7M | ||
| Q4 24 | $79.3M | — | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $73.6M | — | ||
| Q1 24 | $69.6M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $900.7M | $2.2B | ||
| Q3 25 | $889.2M | $2.0B | ||
| Q2 25 | $837.8M | $1.2B | ||
| Q1 25 | $793.4M | $1.1B | ||
| Q4 24 | $757.1M | — | ||
| Q3 24 | $717.0M | — | ||
| Q2 24 | $669.0M | — | ||
| Q1 24 | $626.8M | — |
| Q4 25 | $1.9B | $4.4B | ||
| Q3 25 | $1.9B | $4.2B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $110.0M | $49.7M |
| Free Cash FlowOCF − Capex | $62.2M | $37.1M |
| FCF MarginFCF / Revenue | 16.0% | 7.3% |
| Capex IntensityCapex / Revenue | 12.3% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $49.7M | ||
| Q3 25 | $122.9M | $19.0M | ||
| Q2 25 | $81.6M | $-6.5M | ||
| Q1 25 | $41.0M | $32.8M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $96.5M | — | ||
| Q2 24 | $57.3M | — | ||
| Q1 24 | $26.4M | — |
| Q4 25 | $62.2M | $37.1M | ||
| Q3 25 | $100.3M | $10.3M | ||
| Q2 25 | $61.7M | $-14.5M | ||
| Q1 25 | $21.9M | $28.3M | ||
| Q4 24 | $57.8M | — | ||
| Q3 24 | $77.1M | — | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | 16.0% | 7.3% | ||
| Q3 25 | 23.6% | 2.2% | ||
| Q2 25 | 14.5% | -4.6% | ||
| Q1 25 | 5.7% | 12.1% | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 12.3% | 2.5% | ||
| Q3 25 | 5.3% | 1.8% | ||
| Q2 25 | 4.7% | 2.6% | ||
| Q1 25 | 5.0% | 1.9% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 4.5% | — |
| 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
| 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% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
