vs
Side-by-side financial comparison of ARMSTRONG WORLD INDUSTRIES INC (AWI) and WORKIVA INC (WK). 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 $247.3M, roughly 1.6× WORKIVA INC). ARMSTRONG WORLD INDUSTRIES INC runs the higher net margin — 16.9% vs 7.7%, a 9.2% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs 5.6%). ARMSTRONG WORLD INDUSTRIES INC produced more free cash flow last quarter ($62.2M vs $25.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (18.0% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
AWI vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $388.3M | $247.3M |
| Net Profit | $65.5M | $19.0M |
| Gross Margin | 39.8% | 80.4% |
| Operating Margin | 23.7% | 25.8% |
| Net Margin | 16.9% | 7.7% |
| Revenue YoY | 5.6% | 19.9% |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.51 | $0.33 |
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 | — | $247.3M | ||
| Q4 25 | $388.3M | $238.9M | ||
| Q3 25 | $425.2M | $224.2M | ||
| Q2 25 | $424.6M | $215.2M | ||
| Q1 25 | $382.7M | $206.3M | ||
| Q4 24 | $367.7M | $199.9M | ||
| Q3 24 | $386.6M | $185.6M | ||
| Q2 24 | $365.1M | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | $65.5M | $11.8M | ||
| Q3 25 | $86.3M | $2.8M | ||
| Q2 25 | $87.8M | $-19.4M | ||
| Q1 25 | $69.1M | $-21.4M | ||
| Q4 24 | $62.2M | $-8.8M | ||
| Q3 24 | $76.9M | $-17.0M | ||
| Q2 24 | $65.9M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | 39.8% | 80.7% | ||
| Q3 25 | 42.0% | 79.3% | ||
| Q2 25 | 41.4% | 77.0% | ||
| Q1 25 | 39.2% | 76.6% | ||
| Q4 24 | 39.1% | 77.1% | ||
| Q3 24 | 42.4% | 76.5% | ||
| Q2 24 | 40.9% | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | 23.7% | 3.3% | ||
| Q3 25 | 27.6% | -1.5% | ||
| Q2 25 | 29.0% | -10.3% | ||
| Q1 25 | 25.7% | -12.0% | ||
| Q4 24 | 22.3% | -6.7% | ||
| Q3 24 | 28.8% | -11.7% | ||
| Q2 24 | 26.0% | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 16.9% | 4.9% | ||
| Q3 25 | 20.3% | 1.2% | ||
| Q2 25 | 20.7% | -9.0% | ||
| Q1 25 | 18.1% | -10.4% | ||
| Q4 24 | 16.9% | -4.4% | ||
| Q3 24 | 19.9% | -9.2% | ||
| Q2 24 | 18.0% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $1.51 | $0.21 | ||
| Q3 25 | $1.98 | $0.05 | ||
| Q2 25 | $2.01 | $-0.35 | ||
| Q1 25 | $1.58 | $-0.38 | ||
| Q4 24 | $1.41 | $-0.15 | ||
| Q3 24 | $1.75 | $-0.31 | ||
| Q2 24 | $1.50 | $-0.32 |
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 | $334.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $900.7M | — |
| Total Assets | $1.9B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | $112.7M | $338.8M | ||
| Q3 25 | $90.1M | $315.9M | ||
| Q2 25 | $81.1M | $284.3M | ||
| Q1 25 | $82.8M | $242.0M | ||
| Q4 24 | $79.3M | $301.8M | ||
| Q3 24 | $73.7M | $248.2M | ||
| Q2 24 | $73.6M | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $-5.4M | ||
| Q3 25 | $889.2M | $-36.9M | ||
| Q2 25 | $837.8M | $-66.5M | ||
| Q1 25 | $793.4M | $-75.7M | ||
| Q4 24 | $757.1M | $-41.7M | ||
| Q3 24 | $717.0M | $-50.8M | ||
| Q2 24 | $669.0M | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.8B | $1.2B |
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 | — |
| Free Cash FlowOCF − Capex | $62.2M | $25.7M |
| FCF MarginFCF / Revenue | 16.0% | 10.4% |
| Capex IntensityCapex / Revenue | 12.3% | — |
| Cash ConversionOCF / Net Profit | 1.68× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.1M | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $110.0M | $51.0M | ||
| Q3 25 | $122.9M | $46.2M | ||
| Q2 25 | $81.6M | $50.3M | ||
| Q1 25 | $41.0M | $-7.4M | ||
| Q4 24 | $86.6M | $44.0M | ||
| Q3 24 | $96.5M | $18.9M | ||
| Q2 24 | $57.3M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $62.2M | $50.7M | ||
| Q3 25 | $100.3M | $46.1M | ||
| Q2 25 | $61.7M | $49.3M | ||
| Q1 25 | $21.9M | $-8.1M | ||
| Q4 24 | $57.8M | $43.2M | ||
| Q3 24 | $77.1M | $18.7M | ||
| Q2 24 | $37.4M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 16.0% | 21.2% | ||
| Q3 25 | 23.6% | 20.5% | ||
| Q2 25 | 14.5% | 22.9% | ||
| Q1 25 | 5.7% | -3.9% | ||
| Q4 24 | 15.7% | 21.6% | ||
| Q3 24 | 19.9% | 10.1% | ||
| Q2 24 | 10.2% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 0.1% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 4.7% | 0.5% | ||
| Q1 25 | 5.0% | 0.4% | ||
| Q4 24 | 7.8% | 0.4% | ||
| Q3 24 | 5.0% | 0.1% | ||
| Q2 24 | 5.5% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 4.31× | ||
| Q3 25 | 1.42× | 16.57× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.87× | — |
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% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
