The Tip Desk

ARMSTRONG WORLD INDUSTRIES INC

Company Stats

Market Cap
$6.8B
as of Sep 30, 2026
Enterprise Value
$7.1B
Shares Outstanding
41.8M
Free Float
98.8%

Income Statement

Revenue
$1.6B
Operating Income
$430.9M
Net Income
$308.7M
EBITDA
$551.3M
Revenue Growth, 3Y
9.5%
FCF Margin, 3Y Avg
13.2%
FCF Margin, Worst Year
11.6%

Cash Flow

Free Cash Flow
$246.1M
FCF Yield
3.6%
Owner FCF Yield
3.3%

Balance Sheet

Cash & Equivalents
$112.7M
Total Debt
$410.6M
Net Debt
$297.9M
Net Debt / EBITDA
0.54x
EV / EBITDA
12.95x
Net Debt / EBIT
0.69x

Returns & Capital

Dividends Paid
$55.2M
Dividend Yield
0.8%
Dividend Payout, 3Y Avg
19.3%
Share Repurchases
$128.9M
Buyback Yield, 3Y Avg
1.5%
SBC, 3Y Avg
$19.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.6B$246.1M15.2%
FY2024$1.4B$184.0M12.7%
FY2023$1.3B$149.7M11.6%
FY2022$1.2B$107.6M8.7%
FY2021$1.1B$107.4M9.7%

Annual filing data through FY ended December 31, 2025; shares and float as of November 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage