Armstrong World Industries, Inc. (AWI) Stock Price & Analysis
Armstrong World Industries, Inc. (AWI) closed at USD 171.39 on Thursday, October 22, 2026, up 1.57% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 168.74; the Oct 22, 2026 session ranged USD 168.08–173.3 on volume of 590,869 shares. Market capitalization is $7.24B, with a 52-week range of USD 150.28–206.08 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AWI.md
Key facts (AWI)
- Last four reported quarters (through Jun 30, 2026): revenue $1.70B, net income $315M (18.6% margin), free cash flow $247M (SEC filings).
- Valuation: P/E 23.0x (avg 23.4x at the last 3 fiscal year-ends), EV/EBITDA 13.7x, net debt $413M.
- 2 of 80 tracked superinvestors hold AWI (13F, Q3 2026 (1 investor on Q2 2026, filed early)): 0 new, 2 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.20 on a 1–5 scale) (10 analysts), mean target USD 207.64 (range 182–230).
- Total return with dividends: 1Y -14.9% vs S&P 500 +14.9%; 5Y +77.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 2.39, revenue estimate $473M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AWI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.11B | $1.23B | $1.30B | $1.45B | $1.62B | $1.70B |
| Gross profit | $406M | $449M | $497M | $582M | $659M | — |
| Operating income | $260M | $279M | $324M | $374M | $431M | $437M |
| Net income | $183M | $203M | $224M | $265M | $309M | $315M |
| EPS (diluted) | $3.82 | $4.37 | $4.99 | $6.02 | $7.08 | — |
| Free cash flow | $107M | $108M | $150M | $184M | $246M | $247M |
| Gross margin | 36.7% | 36.4% | 38.4% | 40.2% | 40.6% | — |
| Operating margin | 23.5% | 22.6% | 25.0% | 25.9% | 26.6% | 25.8% |
| Net margin | 16.6% | 16.5% | 17.3% | 18.3% | 19.0% | 18.6% |
| Revenue growth | +18.1% | +11.4% | +5.0% | +11.6% | +12.1% | — |
| Cash + short-term investments | $98.1M | $106M | $70.8M | $79.3M | $113M | — |
| Total debt | $631M | $651M | $587M | $525M | $407M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AWI)
P/E 23.0x · P/S 4.3x · EV/EBITDA 13.7x · EV/Sales 4.5x · P/FCF 29.4x · P/B 8.2x · FCF yield 3.41% · Earnings yield 4.35% · Dividend yield (paid, TTM) 0.80% · Buyback yield (TTM) 2.95% · Net debt $413M · EV $7.66B
P/E at fiscal year-ends: Dec 2025 27.0x, Dec 2024 23.5x, Dec 2023 19.7x.
Superinvestors (SEC 13F-HR, Q3 2026) (AWI)
2 of 80 tracked investors hold AWI (1 investor on Q2 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| John Armitage | Egerton Capital | 1.64% | $161M | Added +7.3% | Q3 2026 |
| Yacktman Asset Management | 1.50% | $121M | Added +1.8% | Q2 2026 |
Analysts (AWI)
Consensus Buy (mean 2.20 on a 1–5 scale), 10 analysts; mean target USD 207.64 (low 182, high 230).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-01 | DA Davidson | Maintained | Buy | $215 |
| 2026-08-25 | DA Davidson | Initiated | Buy | $215 |
Total return (dividends reinvested) (AWI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.9% | +77.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -15.0% | +12.1% |
| Volatility (annualized) | 27.3% | 26.9% |
| Max drawdown | -25.1% (Feb 2026→Jul 2026) | -44.3% (Dec 2021→May 2023) |
AWI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Mineral Fiber | $288.2M | 61.1% | +7.9% |
| Architectural Specialties | $183.8M | 38.9% | +16.6% |
| Total revenue | $472.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AWI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Home Depot (HD) | “In September 2025, GMS, Inc., one of our largest distributor customers, was acquired by The Home Depot, Inc. In addition, in October 2025, Foundation Building Materials, Inc., another one of our largest distributor customers, was acquired by Lowe's Companies, Inc.” |
| Customer | Lowe's (LOW) | “In September 2025, GMS, Inc., one of our largest distributor customers, was acquired by The Home Depot, Inc. In addition, in October 2025, Foundation Building Materials, Inc., another one of our largest distributor customers, was acquired by Lowe's Companies, Inc.” |
| Customer | Foundation Building Materials | “Gross sales to Lowe's Companies, Inc. (including sales to Foundation Building Materials, Inc.) and The Home Depot, Inc. (including sales to GMS, Inc.) totaled $937.8 million and each individually exceeded 10% of our revenues in 2025.” |
| Customer | GMS | “Gross sales to Lowe's Companies, Inc. (including sales to Foundation Building Materials, Inc.) and The Home Depot, Inc. (including sales to GMS, Inc.) totaled $937.8 million and each individually exceeded 10% of our revenues in 2025.” |
| Customer | Companies | “Gross sales to Lowe's Companies, Inc. (including sales to Foundation Building Materials, Inc.) and The Home Depot, Inc. (including sales to GMS, Inc.) totaled $937.8 million and each individually exceeded 10% of our revenues in 2025.” |
| Partner | WORTHINGTON ENTERPRISES, INC. (WOR) | “financial contribution of Worthington Armstrong Venture ("WAVE"), our joint venture with Worthington Enterprises, Inc.;” |
| Partner | Overcast Innovations | “In January 2024, we entered into a strategic partnership and equity investment in Overcast Innovations LLC ("Overcast") with McKinstry Essention, LLC whereby we contributed $5.5 million in exchange for an initial 19.5% ownership interest in Overcast (currently 19.2%).” |
| Partner | McKinstry Essention | “In January 2024, we entered into a strategic partnership and equity investment in Overcast Innovations LLC ("Overcast") with McKinstry Essention, LLC whereby we contributed $5.5 million in exchange for an initial 19.5% ownership interest in Overcast (currently 19.2%).” |
| Partner | Skydance Corp (SKYD) | “In 2007, we and Paramount entered into an agreement with the Navy whereby the Navy agreed to pay one third of defined past and future investigative costs up to a certain amount, which has now been exhausted.” |
Quoted from the company's 10-K filed Feb 24, 2026.
Companies that name AWI in their SEC reports
| Relationship to AWI | Company | Filing | Sentence |
|---|---|---|---|
| partner | WORTHINGTON ENTERPRISES, INC. (WOR) | 10-K Jul 30, 2026 | “WAVE, a 50%-owned joint venture with Armstrong World Industries, Inc., is the largest of the four North American manufacturers of ceiling suspension systems for concealed and lay-in panel ceilings used in the commercial and residential ceiling markets.” |
AWI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.39 | $2.39 | -0.2% | $472.6M | 11 |
| Next quarter (ends Dec 2026) | $1.99 | $1.98 | +0.7% | $432.2M | 11 |
| Current fiscal year (ends Dec 2026) | $8.43 | $8.31 | +1.5% | $1.79B | 11 |
| Next fiscal year (ends Dec 2027) | $9.58 | $9.37 | +2.2% | $1.92B | 11 |
AWI options: expected move
Options price a move of about ±7.9% (±$13.55) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±6.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 34.9% | ±7.9% |
| Dec 18, 2026 | 56 | 28.5% | ±9.0% |
| Mar 19, 2027 | 147 | 29.4% | ±14.8% |
| Jun 17, 2027 | 237 | 29.5% | ±18.9% |
30-day implied volatility 32.3% vs 16.8% realized over the last 30 trading days. Put/call ratio (volume) 2. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:23 UTC)
| Price | USD 171.39 |
|---|---|
| Change | ▲ 1.57% (up) |
| Previous Close | USD 168.74 |
| Open | USD 169.43 |
| Day Range | USD 168.08 – 173.3 |
| 52-Week Range | USD 150.28 – 206.08 |
| Volume | 590,869 shares |
| Market Cap | $7.24B |
| Exchange | NYQ |
Technical Analysis (AWI)
Nexqual's technical model rates AWI "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 11:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 59.25 (neutral) |
| vs SMA50 | Above (USD 168.13) |
| MACD | 0.88 (positive) |
Analyst Ratings (AWI)
Wall Street analysts rate AWI "Buy" based on 10 analysts, with a mean price target of USD 207.64 (range USD 182–230), per Nexqual as of October 23, 2026 at 11:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 10 |
| Mean Target | USD 207.64 |
| High Target | USD 230 |
| Low Target | USD 182 |
| Buy / Hold / Sell | 7 / 3 / 0 |
Earnings (AWI)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 2.39 |
| Revenue Estimate | $472.61M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.36 vs est 2.25 ▲ beat |
| 2026-03-31 | USD 1.69 vs est 1.81 ▼ miss |
| 2025-12-31 | USD 1.61 vs est 1.68 ▼ miss |
| 2025-09-30 | USD 2.05 vs est 2.03 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financials & Fundamentals (AWI)
| Total Revenue | $1.70B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.20% |
| Gross Margin | +40.31% |
| Operating Margin | +21.57% |
| Profit Margin | +18.60% |
| ROE | +36.62% |
| Debt / Equity | 0.66 |
| Current Ratio | 1.52 |
| Total Cash | $78.60M |
| Total Debt | $580.00M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $246.70M (14.6% of revenue) |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financial Health Score (AWI)
Nexqual rates Armstrong World Industries, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 11:23 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 40%, operating 22% (last 12 months) |
| Balance Sheet | Solid — $79M cash and investments vs $492M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $247M (last 4 quarters to Jun 2026, SEC), 15% margin |
| Efficiency | Strong — ROE 37%, ROA 10.6% |
Ownership (AWI)
| Insider Ownership | +1.55% |
|---|---|
| Institutional Ownership | +104.90% |
| Shares Outstanding | 42.26M |
| Float | 41.55M |
| Short % of Float | +3.99% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Leadership (AWI)
Armstrong World Industries, Inc. is led by Mark A. Hershey, President, CEO & Director, per Nexqual as of October 23, 2026 at 11:23 UTC.
| President, CEO & Director | Mark A. Hershey |
|---|---|
| Senior VP & CFO | Christopher P. Calzaretta |
| Senior Vice President of Sales and Marketing | Jill A. Crager |
| Vice President of Investor Relations & Corporate Communications | Theresa L. Womble |
| Senior Vice President of Architectural Specialties & Corporate Development | Michael Carl Winters |
Major Backers & Investors (AWI)
Notable institutional backers of Armstrong World Industries, Inc. include LONDON CO OF VIRGINIA, Bank of Montreal /CAN/, Fuller & Thaler Asset Management Inc., according to Nexqual as of October 23, 2026 at 11:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| LONDON CO OF VIRGINIA | 3.89% |
| Bank of Montreal /CAN/ | 2.61% |
| Fuller & Thaler Asset Management Inc. | 2.61% |
| Touchstone Fd.s Group TRT-Touchstone Fd.s Group TRT-Touchstone Mid Cap | 2.55% |
| Capitol Series Trust-FullerThaler Behavioral Small-Cap Equity Fund | 2.49% |
| Citadel | 2.44% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.2% |
| Vanguard Group | 9.8% |
| State Street | 3.4% |
| Geode Capital | 2.47% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
From Armstrong World Industries, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- Through this strategy, we have delivered consistent growth in mineral fiber sales dollars per unit sold through product innovation, including our Templok® energy saving ceiling tiles, Total Acoustics® solutions and Sustain® family of products, and we have built a broad portfolio of architectural specialties products for ceilings, specialty walls and exterior metal architectural applications.
- We have developed long-standing relationships with our customers based on our product quality, broad product portfolio, design capabilities, service, innovation and brand recognition.
Partnerships
- In January 2024, we entered into a strategic partnership and equity investment in Overcast Innovations LLC ("Overcast") with McKinstry Essention, LLC whereby we contributed $5.5 million in exchange for an initial 19.5% ownership interest in Overcast (currently 19.2%).
Legal & Regulatory Risks (Item 1A, quoted)
- We may be subject to liability under, and may make substantial future expenditures to comply with, environmental laws and regulations, which could have a material adverse effect on our financial condition, liquidity or results of operations.
- We are actively involved in environmental investigation and remediation activities relating to two domestically owned locations allegedly resulting from past industrial activity, for which our ultimate liability may exceed the currently estimated and accrued amounts.
- Our intellectual property rights may be infringed, misappropriated, invalidated or otherwise circumvented, which could have a material adverse impact on our financial condition, liquidity or results of operations.
- We are subject to risks associated with our operations in Canada and Latin America. Legislative, political, regulatory and economic volatility, as well as vulnerability to infrastructure and labor disruptions, could have a material adverse effect on our financial condition, liquidity or results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SPXC | SPX Technologies, Inc. | USD 160.01 | ▼ 4.83% |
| BLDR | Builders FirstSource, Inc. | USD 57.54 | ▲ 7.53% |
| AAON | AAON, Inc. | USD 69.62 | ▼ 7.46% |
| OC | Owens Corning Inc | USD 116.49 | ▲ 3.8% |
| WMS | Advanced Drainage Systems, Inc. | USD 130.92 | ▲ 0.71% |
| LPX | Louisiana-Pacific Corporation | USD 74.85 | ▲ 3.21% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt