Is the business good?
How good a business is AWI?
Armstrong World Industries, Inc. earns 26% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
26%
Return on invested capital · cost of capital 9.0% · 17 points above what the capital costs: growth creates value
- Operating margin
- 26%
Operating margin · Building Products & Equipment median 16% · 12 months to Q1 2026
- Cash conversion
- 0.78×
Cash conversion · 0.71× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −1.4%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 27% |
| FY2021 | 24% |
| FY2022 | 23% |
| FY2023 | 25% |
| FY2024 | 26% |
| FY2025 | 27% |
Details›
- Gross margin12 months to Q1 2026
- 40%
- Operating margin12 months to Q1 2026
- 26%
- Net margin12 months to Q1 2026
- 19%
- Free cash flow margin
- 14%
- Revenue, trailing twelve months
- $1.65B
- Free cash flow, trailing twelve months
- $239M
- Net income, trailing twelve months
- $306M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 26%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Building Products & Equipment
Ranks #2 of 18 by Smart Score