Stocks · Basic Materials · Construction Materials
Armstrong World Industries, Inc. AWI
$163.12 +0.27% Close, Oct 2, 2026 · NYSE · Market cap $6.89B
Low risk
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 29.2% from 19.7% a year earlier.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Revenue over the last four quarters was $1.70B, up 8.6% from a year earlier.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth66Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 40%
- EPS growth (TTM, YoY)Top 46%
- FCF growth (TTM, YoY)Top 37%
- Revenue growth, 3-year CAGRTop 19%
- Revenue growth accelerationBottom 30%
Quality79Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 7%
- Gross marginTop 20%
- Operating marginTop 10%
- Cash conversion (OCF / net income)Bottom 19%
- Accruals (lower is better)Bottom 24%
- Net debt / EBITDA (lower is better)Top 39%
- Interest coverTop 22%
Value55Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 33%
- Free-cash-flow yieldTop 42%
- EBITDA / enterprise valueTop 44%
- Sales / enterprise valueBottom 23%
- P/E vs own 5-year history (lower is better)Top 45%
Momentum36Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 22%
- 6-month returnTop 41%
- 1-year return vs S&P 500Bottom 26%
- Distance from 52-week highTop 33%
- Trend checklist (0–4)Bottom 26%
Revisions36Weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 38%
- Consecutive EPS beatsTop 50%
- Share of analysts rating BuyBottom 48%
- Upside to consensus price targetBottom 41%
Stability91Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 15%
- Maximum drawdown, 3 yearsTop 2%
- Beta vs S&P 500 (lower is better)Top 34%
- Net debt / EBITDA (lower is better)Top 39%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.7% | 8.6% | ↓ |
| EPS growth (YoY) | 12.8% | 8.0% | ↓ |
| Gross margin | 40.6% | 40.3% | ↓ |
| Operating margin | 19.7% | 29.2% | ↑ |
| FCF margin | 14.0% | 15.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.6% | 9.7% | ↓ | Top 40% |
| EPS growth (TTM, YoY) | 8.0% | 12.8% | ↓ | Top 46% |
| Gross margin | 40.3% | 40.6% | ↓ | Top 20% |
| Operating margin | 29.2% | 19.7% | ↑ | Top 10% |
| Net margin | 18.6% | 19.0% | ↓ | — |
| Free-cash-flow margin | 15.1% | 14.0% | ↑ | — |
| Return on invested capital | 21.7% | — | Top 7% | |
| Revenue growth, 3-year CAGR | 9.5% | — | Top 19% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.14×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +13.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.85×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 15.8×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.84%
- Net buyback yield (TTM)
- 3.22%
- Shareholder yield
- 4.06%
- Share count change, 1 year
- -2.3%
- Share count change, 3-year CAGR
- -1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- -0.7%
- Average 2-day reaction, last 8
- +1.3%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $207.60
- Target vs current price
- +27.3%
- Analysts with a rating
- 27
- Share rating Buy or Strong Buy
- 56%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +4.9% | +8.1% | +8.6% | +7.9% | — |
| Apr 28, 2026 | -7.1% | -4.5% | -7.9% | -10.2% | -11.1% |
| Feb 24, 2026 | -3.6% | -9.6% | -10.8% | -14.0% | -20.7% |
| Oct 28, 2025 | +3.0% | -4.5% | -5.0% | -8.6% | -7.6% |
| Jul 29, 2025 | +19.4% | +9.4% | +12.3% | +16.2% | +20.7% |
| Apr 29, 2025 | +7.1% | +4.6% | +8.1% | +13.7% | +20.7% |
| Feb 25, 2025 | +9.5% | +5.2% | +4.4% | +0.2% | +9.5% |
| Oct 29, 2024 | +3.4% | +2.0% | +4.2% | +18.0% | +8.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $2.36 | $2.25 | +4.9% | $472.0M |
| Apr 28, 2026 | $1.69 | $1.82 | -7.1% | $410.0M |
| Feb 24, 2026 | $1.61 | $1.67 | -3.6% | $388.3M |
| Oct 28, 2025 | $2.05 | $1.99 | +3.0% | $425.2M |
| Jul 29, 2025 | $2.09 | $1.75 | +19.4% | $424.6M |
| Apr 29, 2025 | $1.66 | $1.55 | +7.1% | $382.7M |
| Feb 25, 2025 | $1.50 | $1.37 | +9.5% | $367.7M |
| Oct 29, 2024 | $1.81 | $1.75 | +3.4% | $386.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 22.3× | 24.1× | 38th | Top 33% |
| P/E (forward) | 19.3× | — | — | — |
| EV / EBITDA | 12.6× | — | — | Top 44% |
| EV / Sales | 4.36× | — | — | Bottom 23% |
| Free-cash-flow yield | 3.71% | — | — | Top 42% |
| Earnings yield | 4.48% | — | — | Top 33% |
P/E over the past five years
Range 14.8× – 30.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -16.8%
- Earnings per share growth (TTM)
- +8.0%
- Change in P/E multiple
- -10.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +1.5%
- 200-day average slope (20 days)
- -1.3%
- Distance from 50-day average
- -5.0%
- Distance from 200-day average
- -5.3%
- RSI (14)
- 44.4
- Relative volume
- 0.90×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 28.5%
- Volatility vs own 5-year history
- 70th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.84
- Correlation with S&P 500
- 0.47
- Current drawdown from 1-year high
- -19.9%
- Maximum drawdown, 3 years
- -25.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 8, 2021 | Jun 1, 2023 | -47.0% | 371 days | 181 days (Feb 21, 2024) |
| Oct 21, 2025 | Jul 21, 2026 | -25.7% | 186 days | Not yet recovered |
| Nov 26, 2024 | Apr 8, 2025 | -22.2% | 89 days | 55 days (Jun 27, 2025) |
| Oct 5, 2020 | Oct 28, 2020 | -16.5% | 17 days | 8 days (Nov 9, 2020) |
| Aug 11, 2021 | Oct 13, 2021 | -15.2% | 44 days | 18 days (Nov 8, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $6.89B
- P/E (TTM)
- 22.3
- EPS, diluted (TTM)
- $7.30
- Revenue (TTM)
- $1.70B
- Dividend yield
- 0.83%
- 52-week range
- $150.28 – $206.08
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.11B | $1.23B | $1.30B | $1.45B | $1.62B |
| Gross profit | $405.9M | $449.3M | $497.0M | $581.6M | $658.7M |
| Operating income | $168.2M | $212.1M | $234.5M | $273.1M | $430.9M |
| Net income | $185.0M | $199.6M | $223.7M | $264.9M | $308.7M |
| EPS (diluted) | $3.82 | $4.30 | $4.99 | $6.02 | $7.08 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $386.6M | $367.7M | $382.7M | $424.6M | $425.2M | $388.3M | $409.9M | $472.0M |
| Net income | $76.9M | $62.2M | $69.1M | $87.8M | $86.3M | $65.5M | $66.8M | $96.7M |
| EPS (diluted) | $1.75 | $1.42 | $1.58 | $2.01 | $1.98 | $1.51 | $1.55 | $2.26 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $187.2M | $182.4M | $233.5M | $266.8M | $355.5M |
| Capital expenditure | -$79.8M | -$74.8M | -$83.8M | -$82.8M | -$109.4M |
| Free cash flow | $107.4M | $107.6M | $149.7M | $184.0M | $246.1M |
| Dividends paid | -$41.4M | -$44.2M | -$46.9M | -$50.6M | -$55.2M |
| Net share buybacks | -$80.0M | -$165.0M | -$132.0M | -$59.9M | -$128.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $78.6M
- Total assets
- $2.01B
- Total liabilities
- $1.12B
- Total debt
- $579.4M
- Net debt
- $500.8M
- Shareholders’ equity
- $884.3M
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 5, 2026 | $0.34 | Aug 19, 2026 |
| May 11, 2026 | $0.34 | May 26, 2026 |
| Mar 5, 2026 | $0.34 | Mar 19, 2026 |
| Nov 6, 2025 | $0.34 | Nov 20, 2025 |
| Aug 7, 2025 | $0.31 | Aug 21, 2025 |
| May 8, 2025 | $0.31 | May 22, 2025 |
| Mar 6, 2025 | $0.31 | Mar 20, 2025 |
| Nov 7, 2024 | $0.31 | Nov 21, 2024 |
Short interest
- Shares sold short
- 1,515,301
- Days to cover
- 4.27
- Change vs previous report
- +4.8%
FINRA short interest, settlement date Sep 15, 2026.