Armstrong World Industries Inc income statement
In fiscal 2025, Armstrong World Industries Inc reported revenue of $1.62bn, up 12.1% on the year before, operating income of $431m (a 26.6% margin) and net income of $309m, or $7.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,780 | 2,628 | 2,723 | 2,429 | 2,527 | 1,294 | 805 | 837 | 894 | 975 | 1,038 | 937 | 1,107 | 1,233 | 1,295 | 1,446 | 1,621 | 1,746 |
| Cost of revenue | 2,159 | 2,042 | 2,075 | 1,835 | 1,934 | 911 | 499 | 530 | 578 | 642 | 643 | 604 | 701 | 784 | 798 | 864 | 962 | 1,051 |
| Gross profit | 621 | 586 | 648 | 594 | 593 | 383 | 306 | 307 | 315 | 334 | 395 | 333 | 406 | 449 | 497 | 582 | 659 | 696 |
| Research and development | — | 33 | 29 | 27 | 29 | 20 | 19 | 18 | 17 | 16 | 15 | 15 | 15 | 15 | 15 | 16 | 16 | — |
| Selling, general and administrative | 552 | 499 | 454 | 365 | 387 | 250 | 181 | 184 | 139 | 159 | 174 | 163 | 237 | 237 | 263 | 309 | 340 | 361 |
| Operating income | 91 | 88 | 240 | 285 | 266 | 198 | 157 | 196 | 244 | 249 | 317 | 255 | 260 | 279 | 324 | 374 | 431 | 451 |
| Interest expense | 18 | 21 | 49 | 54 | 69 | 46 | 45 | 50 | 35 | 39 | 38 | 24 | 23 | 27 | 35 | 40 | 33 | 30 |
| Income before tax | 75 | 73 | 194 | 235 | 199 | 148 | 95 | 151 | 222 | 243 | 299 | −127 | 243 | 258 | 298 | 347 | 400 | 425 |
| Income tax | −3 | 58 | 81 | 76 | 71 | 69 | 37 | 51 | 2 | 53 | 57 | −43 | 57 | 58 | 75 | 82 | 92 | 104 |
| Net income | 78 | 11 | 112 | 131 | 94 | 64 | 94 | 105 | 120 | 186 | 215 | −99 | 183 | 203 | 224 | 265 | 309 | 321 |
| Diluted EPS | $1.36 | $0.19 | $1.90 | $2.19 | $1.60 | $1.14 | $1.68 | $1.87 | $2.21 | $3.56 | $4.32 | −$2.07 | $3.82 | $4.37 | $4.99 | $6.02 | $7.08 | $7.48 |
| Diluted shares (average) | 57m | 58m | 59m | 60m | 58m | 55m | 56m | 56m | 54m | 52m | 50m | 48m | 48m | 46m | 45m | 44m | 44m | 43m |
| EBITDA | 237 | 231 | 354 | 398 | 375 | 328 | 275 | 285 | 333 | 329 | 390 | 339 | 357 | 362 | 413 | 478 | 551 | 574 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 368 | 383 | 425 | 425 | 388 | 410 | 472 | 476 |
| Cost of revenue | 224 | 233 | 249 | 247 | 234 | 255 | 277 | 285 |
| Gross profit | 144 | 150 | 176 | 179 | 155 | 155 | 195 | 191 |
| Selling, general and administrative | 85 | 78 | 84 | 90 | 87 | 88 | 94 | 91 |
| Operating income | 82 | 99 | 123 | 117 | 92 | 94 | 134 | 131 |
| Interest expense | 9 | 9 | 9 | 8 | 8 | 7 | 8 | 8 |
| Income before tax | 76 | 91 | 115 | 110 | 85 | 88 | 127 | 124 |
| Income tax | 14 | 22 | 28 | 23 | 19 | 22 | 30 | 33 |
| Net income | 62 | 69 | 88 | 86 | 66 | 67 | 97 | 92 |
| Diluted EPS | $1.41 | $1.58 | $2.01 | $1.98 | $1.52 | $1.55 | $2.26 | $2.17 |
| EBITDA | 109 | 128 | 154 | 147 | 123 | 124 | 164 | 163 |
Compare with peers
- Zurn Elkay Water Solutions Corp income statement
- Quanex Building Products Corp income statement
- Hillman Solutions Corp. income statement
- AAON, Inc. income statement
- Interface Inc income statement
Head to head: AWI vs ZWSAWI vs NXAWI vs HLMNAAON vs AWI
More: Building Products stocks compared, Industrials sector, rankings of US companies