Armstrong World Industries vs Worthington Enterprises
Armstrong World Industries reported revenue of $1.6 billion in fiscal 2025, 1.2 times Worthington Enterprises' $1.4 billion in fiscal 2026. Armstrong World Industries' revenue grew 12.1% in its latest year, and Worthington Enterprises' grew 19.7%. Armstrong World Industries had an operating margin of 26.6%, against 5.5% at Worthington Enterprises. Free cash flow was $246 million at Armstrong World Industries and $170 million at Worthington Enterprises. Their fiscal years end in different months (December 31 and May 31), so the periods don't line up exactly.
Side by side
| Armstrong World Industries | Worthington Enterprises | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, May 31, 2026 |
| Revenue | $1.6B | $1.4B |
| Revenue growth | 12.1% | 19.7% |
| Revenue growth a year, last 5 years | 11.6% | −15.3% |
| Gross margin | 40.6% | 27.4% |
| Operating margin | 26.6% | 5.5% |
| Net margin | 19.1% | 11.3% |
| Free cash flow | $246M | $170M |
| Free cash flow margin | 15.2% | 12.3% |
| Return on capital | 26.9% | 5.1% |
| Net debt to EBITDA | 0.6x | 2.1x |
| Dividends and buybacks | $184M | $81M |
| Change in diluted share count | −0.9% | −0.8% |
| Last close | $171.23 | $60.50 |
| P/E at the last close | 22.8× | 18.3× |
| Insider trades, last 12 months | bought $99,998, sold $0 | sold $10.0 million |
| Piotroski F-score | 9 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Armstrong World IndustriesWorthington Enterprises
Operating margin
Percent of revenue
Armstrong World IndustriesWorthington Enterprises
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Armstrong World IndustriesWorthington Enterprises
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Armstrong World Industries and Worthington Enterprises pages.