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MARKETS / NYSE / Materials / Rubber and plastics / AWI
NYSE · PLASTICS PRODUCTS, NEC · LARGE CAP

Armstrong World Industries Inc. AWI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
7 YEARS OF DIVIDEND GROWTH
$1.6B
▲ 12.1% YoY
$308.7M
▲ 16.5% YoY
$246.1M
▲ 33.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Armstrong World Industries designs and manufactures interior and exterior architectural applications, including ceilings, specialty walls and exterior metal solutions. As of December 31, 2025 and 2024, the company had approximately 3,800 and 3,600 full-time and part-time employees, respectively. In 2025, approximately 63% of its consolidated net sales were to building materials distributors. It primarily serves markets in the United States, Canada and Latin America. The company organizes its operations into three segments: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Its Mineral Fiber segment produces suspended mineral fiber and fiberglass ceiling systems, sold primarily to resale distributors, ceiling systems contractors and wholesalers, and retailers. Its Architectural Specialties segment designs, produces and sources specialty ceilings, walls, and other interior and exterior architectural applications primarily for use in commercial settings, sold primarily to direct customers, ceiling systems contractors, and resale distributors. AWI is a Pennsylvania corporation incorporated in 1891.

Written from the business description in ARMSTRONG WORLD INDUSTRIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.6B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.6 · Net income 0.3
1B2B
2009201220152018202120242025
Compound annual growth
+9.5%
+11.6%
+7.2%
+15.0%
+12.6%
+24.9%
+17.4%
+15.5%
+27.3%
+10.1%
+9.3%
−3.9%
+18.5%
+65.4%
−9.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 26.6% · Net 19.0%
10%20%30%-5%-10%
200920172025
ROE
FY2025 · ROE 37.2%
20%40%60%-10%-20%
200920172025
Three returns, three denominators.
Gross margin40.6%
Operating margin26.6%
Net margin19.0%
EBITDAUSD 551.3M

Each USD of equity produced 37 cents of profit this year.

Cash & shareholders

USD 184.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 246.1
100M200M-20M-40M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 55.2 · Net buybacks 128.9
300M600MDividendsNet buybacks
200920112013201520172019202120232025
Dividends paidUSD 55.2M
Net buybacksUSD 128.9M
Share of profit59.6%
Consecutive raises7 years

USD 55.2M in dividends and USD 128.9M in buybacks — 60% of the year's profit went back to shareholders.

Total assetsUSD 1.9B
EquityUSD 900.7M
CashUSD 112.7M
Gross debtUSD 406.7M
Net debtUSD 294.0M
Current ratio1.46×

Net debt stands at 33% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
AWI, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.61.41.31.21.10.91.01.00.90.80.81.32.52.42.72.62.8
Operating income $B0.40.40.30.30.30.30.30.20.20.20.20.20.30.30.20.10.1
EBITDA $B0.60.50.40.40.40.30.40.30.30.30.30.30.40.40.40.20.2
Income tax $B0.10.10.10.10.1−0.00.10.10.00.10.00.10.10.10.10.1−0.0
Net income $B0.30.30.20.20.2−0.10.20.20.10.10.10.10.10.10.10.00.1
Free cash flow $B0.20.20.10.10.10.20.10.10.1−0.10.0−0.00.00.00.00.10.2
EPS, diluted $7.086.024.994.373.82−2.074.323.562.211.871.681.141.602.191.900.191.36
Dividend / sh $1.261.151.040.950.860.810.720.17◌◌◌◌◌8.55◌13.74◌
Payout %1819212223−40175——121386072602
ROE %37.239.339.738.537.7−24.372.660.936.820.213.39.613.514.210.10.74.1
Shares out B0.040.040.040.050.050.050.050.050.050.050.060.060.050.06◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPlastics Products, NEC
Listed onNYSE
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2009

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