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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and TRUPANION, INC. (TRUP). 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 $376.9M, roughly 1.0× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
AWI vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $376.9M |
| Net Profit | $65.5M | — |
| Gross Margin | 39.8% | 17.3% |
| Operating Margin | 23.7% | 1.9% |
| Net Margin | 16.9% | — |
| Revenue YoY | 5.6% | 11.7% |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | $0.13 |
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.
| Q4 25 | $388.3M | $376.9M | ||
| Q3 25 | $425.2M | $366.9M | ||
| Q2 25 | $424.6M | $353.6M | ||
| Q1 25 | $382.7M | $342.0M | ||
| Q4 24 | $367.7M | $337.3M | ||
| Q3 24 | $386.6M | $327.5M | ||
| Q2 24 | $365.1M | $314.8M | ||
| Q1 24 | $326.3M | $306.1M |
| Q4 25 | $65.5M | — | ||
| Q3 25 | $86.3M | — | ||
| Q2 25 | $87.8M | — | ||
| Q1 25 | $69.1M | — | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $76.9M | — | ||
| Q2 24 | $65.9M | — | ||
| Q1 24 | $59.9M | — |
| Q4 25 | 39.8% | 17.3% | ||
| Q3 25 | 42.0% | 16.4% | ||
| Q2 25 | 41.4% | 15.5% | ||
| Q1 25 | 39.2% | 14.9% | ||
| Q4 24 | 39.1% | 15.7% | ||
| Q3 24 | 42.4% | 15.1% | ||
| Q2 24 | 40.9% | 12.8% | ||
| Q1 24 | 38.1% | 11.8% |
| Q4 25 | 23.7% | 1.9% | ||
| Q3 25 | 27.6% | 1.6% | ||
| Q2 25 | 29.0% | 0.7% | ||
| Q1 25 | 25.7% | -0.4% | ||
| Q4 24 | 22.3% | 0.1% | ||
| Q3 24 | 28.8% | 0.5% | ||
| Q2 24 | 26.0% | -1.7% | ||
| Q1 24 | 26.4% | -2.0% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 18.4% | — |
| Q4 25 | $1.51 | $0.13 | ||
| Q3 25 | $1.98 | $0.13 | ||
| Q2 25 | $2.01 | $0.22 | ||
| Q1 25 | $1.58 | $-0.03 | ||
| Q4 24 | $1.41 | $0.04 | ||
| Q3 24 | $1.75 | $0.03 | ||
| Q2 24 | $1.50 | $-0.14 | ||
| Q1 24 | $1.36 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $900.7M | $383.9M |
| Total Assets | $1.9B | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $370.7M | ||
| Q3 25 | $90.1M | $348.5M | ||
| Q2 25 | $81.1M | $319.6M | ||
| Q1 25 | $82.8M | $321.8M | ||
| Q4 24 | $79.3M | $307.4M | ||
| Q3 24 | $73.7M | $293.1M | ||
| Q2 24 | $73.6M | $277.2M | ||
| Q1 24 | $69.6M | $275.2M |
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $900.7M | $383.9M | ||
| Q3 25 | $889.2M | $368.6M | ||
| Q2 25 | $837.8M | $355.5M | ||
| Q1 25 | $793.4M | $333.7M | ||
| Q4 24 | $757.1M | $323.3M | ||
| Q3 24 | $717.0M | $320.2M | ||
| Q2 24 | $669.0M | $305.8M | ||
| Q1 24 | $626.8M | $303.4M |
| Q4 25 | $1.9B | $915.0M | ||
| Q3 25 | $1.9B | $880.2M | ||
| Q2 25 | $1.9B | $847.8M | ||
| Q1 25 | $1.9B | $837.2M | ||
| Q4 24 | $1.8B | $806.9M | ||
| Q3 24 | $1.8B | $816.1M | ||
| Q2 24 | $1.8B | $795.9M | ||
| Q1 24 | $1.7B | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $62.2M | $25.3M |
| FCF MarginFCF / Revenue | 16.0% | 6.7% |
| Capex IntensityCapex / Revenue | 12.3% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $29.3M | ||
| Q3 25 | $122.9M | $29.2M | ||
| Q2 25 | $81.6M | $15.0M | ||
| Q1 25 | $41.0M | $16.0M | ||
| Q4 24 | $86.6M | $23.7M | ||
| Q3 24 | $96.5M | $15.3M | ||
| Q2 24 | $57.3M | $6.9M | ||
| Q1 24 | $26.4M | $2.4M |
| Q4 25 | $62.2M | $25.3M | ||
| Q3 25 | $100.3M | $23.9M | ||
| Q2 25 | $61.7M | $12.0M | ||
| Q1 25 | $21.9M | $14.0M | ||
| Q4 24 | $57.8M | $21.8M | ||
| Q3 24 | $77.1M | $13.4M | ||
| Q2 24 | $37.4M | $4.0M | ||
| Q1 24 | $11.7M | $-631.0K |
| Q4 25 | 16.0% | 6.7% | ||
| Q3 25 | 23.6% | 6.5% | ||
| Q2 25 | 14.5% | 3.4% | ||
| Q1 25 | 5.7% | 4.1% | ||
| Q4 24 | 15.7% | 6.5% | ||
| Q3 24 | 19.9% | 4.1% | ||
| Q2 24 | 10.2% | 1.3% | ||
| Q1 24 | 3.6% | -0.2% |
| Q4 25 | 12.3% | 1.0% | ||
| Q3 25 | 5.3% | 1.4% | ||
| Q2 25 | 4.7% | 0.8% | ||
| Q1 25 | 5.0% | 0.6% | ||
| Q4 24 | 7.8% | 0.6% | ||
| Q3 24 | 5.0% | 0.6% | ||
| Q2 24 | 5.5% | 0.9% | ||
| Q1 24 | 4.5% | 1.0% |
| 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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
