AAON vs Armstrong World Industries
AAON and Armstrong World Industries are similar in size: $1.44bn and $1.62bn of revenue in their latest fiscal years. AAON grew faster (20.1% against 12.1%). Armstrong World Industries kept more of each dollar of sales as profit: a net margin of 19.0% against 7.5%.
| Latest fiscal year | AAONAAON, 2025 | Armstrong World IndustriesAWI, 2025 |
|---|---|---|
| Revenue | $1.44bn | $1.62bn |
| Revenue growth | 20.1% | 12.1% |
| Net income | $108m | $309m |
| Operating margin | — | 26.6% |
| Net margin | 7.5% | 19.0% |
| Return on equity | 12.5% | 37.2% |
| Free cash flow | $534,000 | $246m |
| Cash | $13,000 | $113m |
| Total debt | $360m | $411m |
| Debt to equity | — | 45.6% |
| Dividend per share | $0.40 | $1.26 |
| Dividend yield | 0.6% | 0.8% |
| Share buybacks | $30.0m | $129m |
| Employees | 5,897 | 3,600 |
| Market value | $5.71bn | $7.16bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 62 (Moderate) | 76 (Strong) |
| Insider trades, 12 months | 5 buys, 25 sales | 1 buys, 0 sales |