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Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and WYNDHAM HOTELS & RESORTS, INC. (WH). 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 $334.0M, roughly 1.2× WYNDHAM HOTELS & RESORTS, INC.). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs -18.0%, a 34.8% gap on every dollar of revenue. On growth, ARMSTRONG WORLD INDUSTRIES INC posted the faster year-over-year revenue change (5.6% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $62.2M). Over the past eight quarters, ARMSTRONG WORLD INDUSTRIES INC's revenue compounded faster (9.1% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
AWI vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $334.0M |
| Net Profit | $65.5M | $-60.0M |
| Gross Margin | 39.8% | — |
| Operating Margin | 23.7% | — |
| Net Margin | 16.9% | -18.0% |
| Revenue YoY | 5.6% | -76.3% |
| Net Profit YoY | 5.3% | -170.6% |
| EPS (diluted) | $1.51 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $388.3M | $334.0M | ||
| Q3 25 | $425.2M | $382.0M | ||
| Q2 25 | $424.6M | $397.0M | ||
| Q1 25 | $382.7M | $316.0M | ||
| Q4 24 | $367.7M | $336.0M | ||
| Q3 24 | $386.6M | $396.0M | ||
| Q2 24 | $365.1M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $65.5M | $-60.0M | ||
| Q3 25 | $86.3M | $105.0M | ||
| Q2 25 | $87.8M | $87.0M | ||
| Q1 25 | $69.1M | $61.0M | ||
| Q4 24 | $62.2M | $85.0M | ||
| Q3 24 | $76.9M | $102.0M | ||
| Q2 24 | $65.9M | $86.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 23.7% | -11.4% | ||
| Q3 25 | 27.6% | 46.6% | ||
| Q2 25 | 29.0% | 37.8% | ||
| Q1 25 | 25.7% | 35.4% | ||
| Q4 24 | 22.3% | 38.4% | ||
| Q3 24 | 28.8% | 43.2% | ||
| Q2 24 | 26.0% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 16.9% | -18.0% | ||
| Q3 25 | 20.3% | 27.5% | ||
| Q2 25 | 20.7% | 21.9% | ||
| Q1 25 | 18.1% | 19.3% | ||
| Q4 24 | 16.9% | 25.3% | ||
| Q3 24 | 19.9% | 25.8% | ||
| Q2 24 | 18.0% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $1.51 | $-0.77 | ||
| Q3 25 | $1.98 | $1.36 | ||
| Q2 25 | $2.01 | $1.13 | ||
| Q1 25 | $1.58 | $0.78 | ||
| Q4 24 | $1.41 | $1.06 | ||
| Q3 24 | $1.75 | $1.29 | ||
| Q2 24 | $1.50 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | $468.0M |
| Total Assets | $1.9B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $112.7M | $64.0M | ||
| Q3 25 | $90.1M | $70.0M | ||
| Q2 25 | $81.1M | $50.0M | ||
| Q1 25 | $82.8M | $48.0M | ||
| Q4 24 | $79.3M | $103.0M | ||
| Q3 24 | $73.7M | $72.0M | ||
| Q2 24 | $73.6M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $900.7M | $468.0M | ||
| Q3 25 | $889.2M | $583.0M | ||
| Q2 25 | $837.8M | $570.0M | ||
| Q1 25 | $793.4M | $579.0M | ||
| Q4 24 | $757.1M | $650.0M | ||
| Q3 24 | $717.0M | $583.0M | ||
| Q2 24 | $669.0M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.9B | $4.2B | ||
| Q3 25 | $1.9B | $4.3B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | $1.8B | $4.2B | ||
| Q3 24 | $1.8B | $4.2B | ||
| Q2 24 | $1.8B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $62.2M | $168.0M |
| FCF MarginFCF / Revenue | 16.0% | 50.3% |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $110.0M | $152.0M | ||
| Q3 25 | $122.9M | $86.0M | ||
| Q2 25 | $81.6M | $70.0M | ||
| Q1 25 | $41.0M | $59.0M | ||
| Q4 24 | $86.6M | $134.0M | ||
| Q3 24 | $96.5M | $79.0M | ||
| Q2 24 | $57.3M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $62.2M | $136.0M | ||
| Q3 25 | $100.3M | $75.0M | ||
| Q2 25 | $61.7M | $58.0M | ||
| Q1 25 | $21.9M | $52.0M | ||
| Q4 24 | $57.8M | $109.0M | ||
| Q3 24 | $77.1M | $71.0M | ||
| Q2 24 | $37.4M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 16.0% | 40.7% | ||
| Q3 25 | 23.6% | 19.6% | ||
| Q2 25 | 14.5% | 14.6% | ||
| Q1 25 | 5.7% | 16.5% | ||
| Q4 24 | 15.7% | 32.4% | ||
| Q3 24 | 19.9% | 17.9% | ||
| Q2 24 | 10.2% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 4.8% | ||
| Q3 25 | 5.3% | 2.9% | ||
| Q2 25 | 4.7% | 3.0% | ||
| Q1 25 | 5.0% | 2.2% | ||
| Q4 24 | 7.8% | 7.4% | ||
| Q3 24 | 5.0% | 2.0% | ||
| Q2 24 | 5.5% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.42× | 0.82× | ||
| Q2 25 | 0.93× | 0.80× | ||
| Q1 25 | 0.59× | 0.97× | ||
| Q4 24 | 1.39× | 1.58× | ||
| Q3 24 | 1.25× | 0.77× | ||
| Q2 24 | 0.87× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
