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Armstrong World Industries AWI

Armstrong World Industries scores good on business quality (6.7 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$161.87Oct 10, 2026
Business qualityGood
Next earningsOct 27, 2026
Insiders, 90 daysQuiet

Why it matters

  1. What Armstrong World Industries does

    Armstrong World Industries designs and manufactures ceiling and wall systems, selling directly to contractors and architects for commercial and residential buildings. Revenue flows primarily from non-residential ceiling installations.

  2. What it does best

    AWI dominates non-residential ceiling systems with an operating margin of 19.5%, outperforming peers like AAON at 11.1%. This edge rests on entrenched contractor relationships and specialized manufacturing that competitors cannot easily match.

  3. The main risk

    Commercial construction downturns threaten volume. If non-residential spending slows, the 19.5% operating margin loses support as fixed manufacturing costs weigh on earnings.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Gross margin is 40.4% and FCF margin is 14.6%, sitting in the sector's top quartile. Margins are expanding as higher-value architectural products scale across the business.

MoatFair

Switching costs and specialized architectural IP lock in commercial contractors and architects. Its operating margin ranks in the top quartile of its sector at 74th percentile.

GrowthSteady

Revenue grew 12.1% to $1.7B, accelerating past historical annual summaries. The non-residential ceiling systems segment drives this expansion.

Financial healthFair

Debt-to-equity sits at 0.5x with interest coverage of 10.6x, meaning debt costs are manageable. Free cash flow reached $247M, showing a softer balance sheet getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on AWI

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is AWI a good business?

Armstrong World Industries scores good on the Cluenex quality check (6.7 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health fair.

Are insiders buying AWI?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does AWI report earnings?

Oct 27, 2026.

For members

See AWI today

  • Today's verdict on AWI, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Armstrong World Industries (AWI)”, https://cluenex.com/stocks/awi/, data as of Oct 10, 2026.