Armstrong World Industries, Inc. (AWI)

AWI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,621	1,446	1,295	1,233	1,107
Revenue Growth (YoY)	12.11%	11.62%	5.04%	11.43%	18.11%
Cost of Revenue	962	863.8	798.2	784	700.7
Gross Profit	658.8	581.9	497	449.1	405.9
Selling, General & Admin	338.3	298	245.9	223.8	219.3
Operating Expenses	338.3	298	245.9	223.8	219.3
Operating Income	320.5	283.9	251.1	225.3	186.6
Interest Expense	-33	-39.8	-35.3	-27.1	-22.9
Interest & Investment Income	2.4	3.8	3.5	0.5	0.1
Earnings From Equity Investments	112.3	103.4	89.3	77.6	87.7
Other Non Operating Income (Expenses)	-0.2	0.1	0.5	0.2	0.2
EBT Excluding Unusual Items	402	351.4	309.1	276.5	251.7
Merger & Restructuring Charges	-1.1	-2.1	-10.7	-7.9	-13.1
Gain (Loss) on Sale of Assets	0.8	-0.6	-	-	-
Other Unusual Items	-1.4	-1.6	-0.1	-11	4.1
Pretax Income	400.3	347.1	298.3	257.6	242.7
Income Tax Expense	91.6	82.2	74.5	57.7	57.4
Earnings From Continuing Operations	308.7	264.9	223.8	199.9	185.3
Earnings From Discontinued Operations	-	-	-	3	-2.1
Net Income	308.7	264.9	223.8	202.9	183.2
Preferred Dividends & Other Adjustments	-	-	0.1	0.3	0.3
Net Income to Common	308.7	264.9	223.7	202.6	182.9
Net Income Growth	16.54%	18.37%	10.30%	10.75%	-
Shares Outstanding (Basic)	43	44	45	46	48
Shares Outstanding (Diluted)	44	44	45	46	48
Shares Change (YoY)	-0.91%	-1.79%	-3.45%	-3.13%	-
EPS (Basic)	7.13	6.06	5.00	4.38	3.84
EPS (Diluted)	7.08	6.02	4.99	4.36	3.82
EPS Growth	17.61%	20.64%	14.33%	14.37%	-
Free Cash Flow	246.1	184	149.7	107.6	107.4
Free Cash Flow Per Share	5.64	4.18	3.34	2.32	2.24
Dividend Per Share	1.294	1.176	1.068	0.970	0.882
Dividend Growth	10.03%	10.11%	10.10%	9.98%	7.56%
Gross Margin	40.65%	40.25%	38.37%	36.42%	36.68%
Operating Margin	19.77%	19.64%	19.39%	18.27%	16.86%
Profit Margin	19.05%	18.32%	17.27%	16.43%	16.53%
Free Cash Flow Margin	15.18%	12.73%	11.56%	8.73%	9.71%
EBITDA	440.9	387.1	340.3	309	283.1
EBITDA Margin	27.20%	26.78%	26.27%	25.06%	25.58%
D&A For EBITDA	120.4	103.2	89.2	83.7	96.5
EBIT	320.5	283.9	251.1	225.3	186.6
EBIT Margin	19.77%	19.64%	19.39%	18.27%	16.86%
Effective Tax Rate	22.88%	23.68%	24.98%	22.40%	23.65%
Advertising Expenses	10.8	9.1	8.9	9.2	8

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q