Armstrong World Industries Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Armstrong World Industries Inc (AWI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Armstrong World Industries Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,746M vs -M combined for its competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+9.0% annualized vs trailing 12 months).
- Scale: Armstrong World Industries Inc ranks #7 of 21 companies by market capitalization in the Chemicals - Plastics & Rubber industry, holding 6.2% of industry market cap.
- Peer revenue share: Armstrong World Industries Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.46M compares with $0.93M for the peer group (0.5x).
- Structure: Armstrong World Industries Inc operates in the following segments: Mineral Fiber, Architectural Specialties.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AWI Sales vs. its Competitors, Q3 2026
Armstrong World Industries Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
API endpoints for this dataset
For context: the Chemicals - Plastics & Rubber industry grew revenue -1.0% year over year, combined, vs 11.9% for Armstrong World Industries Inc. Armstrong World Industries Inc's share of combined industry revenue moved from 0.97% to 1.10%, a gain of 0.13 percentage points.
Armstrong World Industries Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Armstrong World Industries Inc | Yes | Yes | Yes | No |
| Competitors combined (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AWI Stock Performance relative to its Competitors
AWI Stock Performance relative to Similar-Size Competitors
AWI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Eagle Materials Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Armstrong World Industries Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Armstrong World Industries Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Armstrong World Industries Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Armstrong World Industries Inc |
7,243.03 | 1,746.00 |
 Eagle Materials Inc |
5,783.70 | 2,324.93 |
| SUBTOTAL | 13,026.73 | 4,070.93 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Armstrong World Industries Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Armstrong World Industries Inc's Competitors Named by the Company
Competitive relationships identified from Armstrong World Industries Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Saint-Gobain | Company report | 85% |
| Chicago Metallic Corporation | Company report | 85% |
| Rockwool International A/S | Company report | 85% |
| Ceilings Plus | Company report | 85% |
| SAS International | Company report | 85% |
| Gebr. Knauf KG | Company report | 85% |
| Rulon International | Company report | 85% |
| CertainTeed Corporation | Company report | 85% |
| Rockfon A/S | Company report | 85% |
| USG Corporation | Company report | 85% |
| 9Wood | Company report | 85% |
| Georgia-Pacific Corporation | Company report | 85% |
| Hunter Douglas | Company report | 85% |
| Ll Flooring Holdings Inc | Company report | 85% |
| Eagle Materials Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Armstrong World Industries Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Armstrong World Industries Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Armstrong World Industries Inc | Mineral Fiber 61.39 % |
| Eagle Materials Inc | Cement 59.83 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Armstrong World Industries Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Armstrong World Industries Inc | 7,243 | 459,474 | 84,447 |
| Eagle Materials Inc | 5,784 | 929,974 | 161,030 |
| PEERS TOTAL | 5,784 | 929,974 | 161,030 |
Armstrong World Industries Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 20 companies in Armstrong World Industries Inc's industry classification, broader than the peer set above. Market cap in millions of $.Armstrong World Industries Inc ranks #7 of 20 companies by market capitalization in its industry, holding 6.16 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,237, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Dow Inc | 22,646 | 19.07 % |
| 2 | Dupont De Nemours Inc | 20,044 | 16.87 % |
| 3 | Entegris Inc | 19,658 | 16.55 % |
| 4 | Albemarle Corporation | 13,519 | 11.38 % |
| 5 | Aptargroup inc | 1,234 | 5.2% |
| 6 | Eastman Chemical Co | 1,234 | 5.2% |
| 7 | Armstrong World Industries Inc | 7,312 | 6.16 % |
| 8 | Hexcel Corporation | 1,234 | 5.2% |
| 9 | Avient Corporation | 1,234 | 5.2% |
| 10 | Newell Brands Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Armstrong World Industries Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Armstrong World Industries Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 2 | Dupont De Nemours Inc | 20,044 | 44.60 % |
| 3 | Entegris Inc | 19,658 | 48.02 % |
| 4 | Albemarle Corporation | 13,519 | 6.00 % |
| 5 | Aptargroup inc | 9,150 | 20.82 % |
| 6 | Eastman Chemical Co | 1,234 | 12.3% |
| 7 | Armstrong World Industries Inc | 7,312 | -12.13 % |
| 8 | Hexcel Corporation | 1,234 | 12.3% |
| 9 | Avient Corporation | 1,234 | 12.3% |
| 10 | Newell Brands Inc | 1,234 | 12.3% |
| 11 | Rogers Corp | 1,234 | 12.3% |
| 12 | Myers Industries Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Armstrong World Industries Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Armstrong World Industries Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Chemicals - Plastics & Rubber industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (41 companies). See the full Chemicals - Plastics & Rubber industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 39.83 % | 16.59 % (avg) | +23.2 pp |
| Operating Margin | 25.84 % | industry median | +13.6 pp |
| EBITDA Margin | 33.69 % | 9.26 % (avg) | +24.4 pp |
| Capital Intensity (Capex / Revenue) | 6.54 % | 6.73 % (avg) | -0.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Armstrong World Industries Inc's Valuation vs Competitive Position
Valuation multiples vs the Chemicals - Plastics & Rubber industry average (41 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Chemicals - Plastics & Rubber industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 22.5x | 40.4x | -18.0x |
| EV / EBITDA | 12.7x | 16.5x | -3.8x |
| P/B | 8.0x | 2.9x | +5.1x |
| Return on Equity | 35.94 % | industry aggregate | 34.90 % |
| Return on Invested Capital | 16.94 % | 2.00 % (avg) | 14.94 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Armstrong World Industries Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 9.14 % | 6.44 % | -9.75 % | 18.11 % | 11.43 % | 5.02 % | 11.64 % | 12.11 % |
| Operating Margin | 25.57 % | 30.58 % | 27.20 % | 23.50 % | 22.60 % | 25.00 % | 25.89 % | 26.59 % |
| Return on Invested Capital | 13.59 % | 18.63 % | 12.95 % | 11.76 % | 13.33 % | 16.27 % | 17.22 % | 17.93 % |
| P/E | 18.1x | 22.4x | - | 28.9x | 16.8x | 16.6x | 24.4x | 27.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Armstrong World Industries Inc's Strategic Group Map
Armstrong World Industries Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Armstrong World Industries Inc's trailing-12-month revenue growth of 9.0% and operating margin of 25.8% compares with an average of 8.3% growth and 16.5% margin across its 8 closest peers by combined growth, margin and ROIC -- Armstrong World Industries Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Armstrong World Industries Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Armstrong World Industries Inc falls in the Dog quadrant: relative market share of 0.32x vs its largest competitor, in an industry growing revenue 7.5% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Armstrong World Industries Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,237 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 6.54 % vs industry average 6.73 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Armstrong World Industries Inc's dedicated Suppliers and Customers pages, not here.
Armstrong World Industries Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Armstrong World Industries Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Armstrong World Industries Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 13.6 points above the industry median.
- Return on equity 34.9 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+9.0% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.32x).
Opportunities
- Trades at a lower P/E than the industry average (22.5x vs 40.4x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Armstrong World Industries Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Armstrong World Industries Inc | 0.31 | 1.49 | 0.52 |
| Eagle Materials Inc | 0.56 | 3.10 | 1.01 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Armstrong World Industries Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Armstrong World Industries Inc | Q3 2026 | +11.9 % | +6.5 % |
| Eagle Materials Inc | Q2 2026 | +2.6 % | -17.2 % |
| PEERS TOTAL | +6.3 % | -7.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Armstrong World Industries Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Armstrong World Industries Inc | Q3 2026 | +15.6 % | +9.3 % |
| Eagle Materials Inc | Q2 2026 | +9.0 % | +58.7 % |
Armstrong World Industries Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Armstrong World Industries Inc | 16.20% | 18.12% | 35.94% |
| Eagle Materials Inc | 11.16% | 11.07% | 27.04% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Armstrong World Industries Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Armstrong World Industries Inc | 22.89 | 4.15 |
| Eagle Materials Inc | 14.75 | 2.49 |
| PEERS AVERAGE | 18.01 | 3.20 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.