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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and Bristow Group Inc. (VTOL). 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 $377.3M, roughly 1.0× Bristow Group Inc.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 4.9%, a 12.0% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $47.8M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs 5.8%).
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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
AWI vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $377.3M |
| Net Profit | $65.5M | $18.4M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | 8.5% |
| Net Margin | 16.9% | 4.9% |
| Revenue YoY | 5.6% | 6.7% |
| Net Profit YoY | 5.3% | -42.1% |
| EPS (diluted) | $1.51 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $425.2M | $386.3M | ||
| Q2 25 | $424.6M | $376.4M | ||
| Q1 25 | $382.7M | $350.5M | ||
| Q4 24 | $367.7M | $353.5M | ||
| Q3 24 | $386.6M | $365.1M | ||
| Q2 24 | $365.1M | $359.7M | ||
| Q1 24 | $326.3M | $337.1M |
| Q4 25 | $65.5M | $18.4M | ||
| Q3 25 | $86.3M | $51.5M | ||
| Q2 25 | $87.8M | $31.7M | ||
| Q1 25 | $69.1M | $27.4M | ||
| Q4 24 | $62.2M | $31.8M | ||
| Q3 24 | $76.9M | $28.2M | ||
| Q2 24 | $65.9M | $28.2M | ||
| Q1 24 | $59.9M | $6.6M |
| 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% | 8.5% | ||
| Q3 25 | 27.6% | 13.1% | ||
| Q2 25 | 29.0% | 11.3% | ||
| Q1 25 | 25.7% | 9.6% | ||
| Q4 24 | 22.3% | 9.0% | ||
| Q3 24 | 28.8% | 9.1% | ||
| Q2 24 | 26.0% | 12.4% | ||
| Q1 24 | 26.4% | 6.8% |
| Q4 25 | 16.9% | 4.9% | ||
| Q3 25 | 20.3% | 13.3% | ||
| Q2 25 | 20.7% | 8.4% | ||
| Q1 25 | 18.1% | 7.8% | ||
| Q4 24 | 16.9% | 9.0% | ||
| Q3 24 | 19.9% | 7.7% | ||
| Q2 24 | 18.0% | 7.8% | ||
| Q1 24 | 18.4% | 2.0% |
| Q4 25 | $1.51 | $0.61 | ||
| Q3 25 | $1.98 | $1.72 | ||
| Q2 25 | $2.01 | $1.07 | ||
| Q1 25 | $1.58 | $0.92 | ||
| Q4 24 | $1.41 | $1.07 | ||
| Q3 24 | $1.75 | $0.95 | ||
| Q2 24 | $1.50 | $0.96 | ||
| Q1 24 | $1.36 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $900.7M | $1.1B |
| Total Assets | $1.9B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.7M | $286.2M | ||
| Q3 25 | $90.1M | $245.5M | ||
| Q2 25 | $81.1M | $251.8M | ||
| Q1 25 | $82.8M | $191.1M | ||
| Q4 24 | $79.3M | $247.5M | ||
| Q3 24 | $73.7M | $200.3M | ||
| Q2 24 | $73.6M | $178.6M | ||
| Q1 24 | $69.6M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $900.7M | $1.1B | ||
| Q3 25 | $889.2M | $1.0B | ||
| Q2 25 | $837.8M | $984.4M | ||
| Q1 25 | $793.4M | $931.7M | ||
| Q4 24 | $757.1M | $891.7M | ||
| Q3 24 | $717.0M | $899.2M | ||
| Q2 24 | $669.0M | $849.1M | ||
| Q1 24 | $626.8M | $820.7M |
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.8B | $2.0B | ||
| Q1 24 | $1.7B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $62.2M | $47.8M |
| FCF MarginFCF / Revenue | 16.0% | 12.7% |
| Capex IntensityCapex / Revenue | 12.3% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.68× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $110.0M | $76.9M | ||
| Q3 25 | $122.9M | $23.1M | ||
| Q2 25 | $81.6M | $99.0M | ||
| Q1 25 | $41.0M | $-603.0K | ||
| Q4 24 | $86.6M | $51.1M | ||
| Q3 24 | $96.5M | $66.0M | ||
| Q2 24 | $57.3M | $33.7M | ||
| Q1 24 | $26.4M | $26.7M |
| Q4 25 | $62.2M | $47.8M | ||
| Q3 25 | $100.3M | $-6.2M | ||
| Q2 25 | $61.7M | $67.4M | ||
| Q1 25 | $21.9M | $-52.7M | ||
| Q4 24 | $57.8M | $-32.4M | ||
| Q3 24 | $77.1M | $9.0M | ||
| Q2 24 | $37.4M | $-16.7M | ||
| Q1 24 | $11.7M | $-37.9M |
| Q4 25 | 16.0% | 12.7% | ||
| Q3 25 | 23.6% | -1.6% | ||
| Q2 25 | 14.5% | 17.9% | ||
| Q1 25 | 5.7% | -15.0% | ||
| Q4 24 | 15.7% | -9.2% | ||
| Q3 24 | 19.9% | 2.5% | ||
| Q2 24 | 10.2% | -4.6% | ||
| Q1 24 | 3.6% | -11.2% |
| Q4 25 | 12.3% | 7.7% | ||
| Q3 25 | 5.3% | 7.6% | ||
| Q2 25 | 4.7% | 8.4% | ||
| Q1 25 | 5.0% | 14.9% | ||
| Q4 24 | 7.8% | 23.6% | ||
| Q3 24 | 5.0% | 15.6% | ||
| Q2 24 | 5.5% | 14.0% | ||
| Q1 24 | 4.5% | 19.2% |
| Q4 25 | 1.68× | 4.17× | ||
| Q3 25 | 1.42× | 0.45× | ||
| Q2 25 | 0.93× | 3.12× | ||
| Q1 25 | 0.59× | -0.02× | ||
| Q4 24 | 1.39× | 1.61× | ||
| Q3 24 | 1.25× | 2.34× | ||
| Q2 24 | 0.87× | 1.20× | ||
| Q1 24 | 0.44× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
