Armstrong World Industries Inc (AWI) - Net Assets
Based on the latest financial reports, Armstrong World Industries Inc (AWI) has net assets worth $884.30 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.01 Billion) and total liabilities ($1.12 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset allocation strategy of Armstrong World Industries Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $884.30 Million |
| % of Total Assets | 44.07% |
| Annual Growth Rate | 0.26% |
| 5-Year Change | 73.31% |
| 10-Year Change | 238.1% |
| Growth Volatility | 51.7 |
Armstrong World Industries Inc - Net Assets Trend (1986–2025)
This chart illustrates how Armstrong World Industries Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Armstrong World Industries Inc (AWI) total market value.
Annual Net Assets for Armstrong World Industries Inc (1986–2025)
The table below shows the annual net assets of Armstrong World Industries Inc from 1986 to 2025. Also explore net asset momentum of Armstrong World Industries Inc to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $900.70 Million | +18.97% |
| 2024-12-31 | $757.10 Million | +27.93% |
| 2023-12-31 | $591.80 Million | +10.62% |
| 2022-12-31 | $535.00 Million | +2.94% |
| 2021-12-31 | $519.70 Million | +15.26% |
| 2020-12-31 | $450.90 Million | +23.57% |
| 2019-12-31 | $364.90 Million | +39.70% |
| 2018-12-31 | $261.20 Million | -37.71% |
| 2017-12-31 | $419.30 Million | +57.39% |
| 2016-12-31 | $266.40 Million | -65.35% |
| 2015-12-31 | $768.80 Million | +18.44% |
| 2014-12-31 | $649.10 Million | -3.58% |
| 2013-12-31 | $673.20 Million | -6.38% |
| 2012-12-31 | $719.10 Million | -36.37% |
| 2011-12-31 | $1.13 Billion | +3.61% |
| 2010-12-31 | $1.09 Billion | -42.83% |
| 2009-12-31 | $1.91 Billion | +9.38% |
| 2008-12-31 | $1.74 Billion | -28.63% |
| 2007-12-31 | $2.44 Billion | +12.52% |
| 2006-12-31 | $2.17 Billion | +265.56% |
| 2005-12-31 | $-1.31 Billion | +7.34% |
| 2004-12-31 | $-1.42 Billion | -6.04% |
| 2003-12-31 | $-1.34 Billion | +0.14% |
| 2002-12-31 | $-1.34 Billion | -273.84% |
| 2001-12-31 | $769.20 Million | +14.46% |
| 2000-12-31 | $672.00 Million | -2.75% |
| 1999-12-31 | $691.00 Million | -4.79% |
| 1998-12-31 | $725.80 Million | -12.09% |
| 1997-12-31 | $825.60 Million | +2.90% |
| 1996-12-31 | $802.30 Million | +2.20% |
| 1995-12-31 | $785.00 Million | +5.55% |
| 1994-12-31 | $743.70 Million | +30.59% |
| 1993-12-31 | $569.50 Million | +0.05% |
| 1992-12-31 | $569.20 Million | -35.72% |
| 1991-12-31 | $885.50 Million | -1.52% |
| 1990-12-31 | $899.20 Million | -7.92% |
| 1989-12-31 | $976.50 Million | -4.43% |
| 1988-12-31 | $1.02 Billion | +11.82% |
| 1987-12-31 | $913.80 Million | +12.40% |
| 1986-12-31 | $813.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Armstrong World Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 181410000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.81 Billion | 201.41% |
| Common Stock | $600.00K | 0.07% |
| Other Comprehensive Income | $-103.10 Million | -11.45% |
| Total Equity | $900.70 Million | 100.00% |
Armstrong World Industries Inc Competitors by Market Cap
The table below lists competitors of Armstrong World Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SICC Co. Ltd.
SHG:688234
|
$6.75 Billion |
|
NINGBO SHANSHAN GDR/A
F:OJ8
|
$6.75 Billion |
|
Terex Corporation
NYSE:TEX
|
$6.75 Billion |
|
Copenhagen Airports AS
CO:KBHL
|
$6.75 Billion |
|
Gaztransport & Technigaz SAS
PA:GTT
|
$6.74 Billion |
|
Ringkjoebing Landbobank A/S
CO:RILBA
|
$6.74 Billion |
|
Arcellx Inc
NASDAQ:ACLX
|
$6.73 Billion |
|
Sonic Healthcare Ltd
AU:SHL
|
$6.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Armstrong World Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 757,100,000 to 900,700,000, a change of 143,600,000 (19.0%).
- Net income of 308,700,000 contributed positively to equity growth.
- Dividend payments of 55,200,000 reduced retained earnings.
- Share repurchases of 128,900,000 reduced equity.
- Other comprehensive income increased equity by 7,100,000.
- Other factors increased equity by 11,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $308.70 Million | +34.27% |
| Dividends Paid | $55.20 Million | -6.13% |
| Share Repurchases | $128.90 Million | -14.31% |
| Other Comprehensive Income | $7.10 Million | +0.79% |
| Other Changes | $11.90 Million | +1.32% |
| Total Change | $- | 18.97% |
Book Value vs Market Value Analysis
This analysis compares Armstrong World Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.73x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.99x to 7.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | $19.98 | $159.63 | x |
| 1987-12-31 | $22.45 | $159.63 | x |
| 1988-12-31 | $25.11 | $159.63 | x |
| 1989-12-31 | $23.99 | $159.63 | x |
| 1990-12-31 | $22.09 | $159.63 | x |
| 1991-12-31 | $21.76 | $159.63 | x |
| 1992-12-31 | $13.99 | $159.63 | x |
| 1993-12-31 | $13.99 | $159.63 | x |
| 1994-12-31 | $17.38 | $159.63 | x |
| 1995-12-31 | $18.98 | $159.63 | x |
| 1996-12-31 | $19.41 | $159.63 | x |
| 1997-12-31 | $19.72 | $159.63 | x |
| 1998-12-31 | $17.55 | $159.63 | x |
| 1999-12-31 | $16.90 | $159.63 | x |
| 2000-12-31 | $16.42 | $159.63 | x |
| 2001-12-31 | $18.64 | $159.63 | x |
| 2002-12-31 | $-33.09 | $159.63 | x |
| 2003-12-31 | $-33.22 | $159.63 | x |
| 2004-12-31 | $-35.02 | $159.63 | x |
| 2005-12-31 | $-32.43 | $159.63 | x |
| 2006-12-31 | $39.14 | $159.63 | x |
| 2007-12-31 | $42.98 | $159.63 | x |
| 2008-12-31 | $30.93 | $159.63 | x |
| 2009-12-31 | $33.32 | $159.63 | x |
| 2010-12-31 | $18.74 | $159.63 | x |
| 2011-12-31 | $19.22 | $159.63 | x |
| 2012-12-31 | $12.09 | $159.63 | x |
| 2013-12-31 | $11.53 | $159.63 | x |
| 2014-12-31 | $11.72 | $159.63 | x |
| 2015-12-31 | $13.75 | $159.63 | x |
| 2016-12-31 | $4.78 | $159.63 | x |
| 2017-12-31 | $7.78 | $159.63 | x |
| 2018-12-31 | $5.01 | $159.63 | x |
| 2019-12-31 | $7.37 | $159.63 | x |
| 2020-12-31 | $9.41 | $159.63 | x |
| 2021-12-31 | $10.85 | $159.63 | x |
| 2022-12-31 | $11.53 | $159.63 | x |
| 2023-12-31 | $13.21 | $159.63 | x |
| 2024-12-31 | $17.21 | $159.63 | x |
| 2025-12-31 | $20.66 | $159.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Armstrong World Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.05%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.14x
- Recent ROE (34.27%) is above the historical average (17.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 15.06% | 9.45% | 1.01x | 1.57x | $41.10 Million |
| 1987 | 16.46% | 9.35% | 1.02x | 1.72x | $59.02 Million |
| 1988 | 15.92% | 9.09% | 0.87x | 2.01x | $60.52 Million |
| 1989 | 19.21% | 10.24% | 0.92x | 2.04x | $89.95 Million |
| 1990 | 15.68% | 7.56% | 0.89x | 2.34x | $51.08 Million |
| 1991 | 5.44% | 2.64% | 0.87x | 2.38x | $-40.35 Million |
| 1992 | -40.00% | -11.91% | 0.99x | 3.38x | $-284.62 Million |
| 1993 | 11.15% | 3.40% | 1.01x | 3.24x | $6.55 Million |
| 1994 | 28.62% | 10.49% | 0.90x | 3.04x | $136.89 Million |
| 1995 | 15.91% | 5.30% | 1.08x | 2.77x | $45.80 Million |
| 1996 | 19.73% | 7.75% | 0.94x | 2.70x | $76.90 Million |
| 1997 | 22.82% | 8.41% | 0.93x | 2.93x | $103.94 Million |
| 1998 | -1.31% | -0.34% | 0.64x | 6.02x | $-80.27 Million |
| 1999 | 2.11% | 0.47% | 0.73x | 6.13x | $-53.62 Million |
| 2000 | 1.83% | 0.38% | 0.84x | 5.83x | $-54.31 Million |
| 2001 | 12.20% | 2.96% | 0.78x | 5.31x | $16.76 Million |
| 2002 | 0.00% | -71.47% | 0.67x | 0.00x | $-2.01 Billion |
| 2003 | 0.00% | -1.28% | 0.70x | 0.00x | $92.70 Million |
| 2004 | 0.00% | -2.28% | 0.76x | 0.00x | $62.83 Million |
| 2005 | 0.00% | 2.83% | 0.77x | 0.00x | $232.69 Million |
| 2006 | 62.73% | 39.64% | 0.82x | 1.93x | $1.14 Billion |
| 2007 | 5.96% | 4.09% | 0.76x | 1.91x | $-98.42 Million |
| 2008 | 4.64% | 2.39% | 1.01x | 1.92x | $-93.43 Million |
| 2009 | 4.07% | 2.78% | 0.84x | 1.74x | $-112.63 Million |
| 2010 | 1.01% | 0.42% | 0.90x | 2.68x | $-98.08 Million |
| 2011 | 9.95% | 4.13% | 0.91x | 2.65x | $-620.00K |
| 2012 | 18.25% | 5.01% | 0.92x | 3.97x | $59.29 Million |
| 2013 | 14.82% | 3.95% | 0.87x | 4.33x | $32.48 Million |
| 2014 | 11.99% | 3.10% | 0.96x | 4.02x | $12.89 Million |
| 2015 | 6.83% | 4.28% | 0.46x | 3.50x | $-24.38 Million |
| 2016 | 33.45% | 10.66% | 0.48x | 6.60x | $62.46 Million |
| 2017 | 53.45% | 25.08% | 0.48x | 4.47x | $182.17 Million |
| 2018 | 76.03% | 20.36% | 0.52x | 7.17x | $172.48 Million |
| 2019 | 65.77% | 23.12% | 0.70x | 4.09x | $203.51 Million |
| 2020 | -18.67% | -8.99% | 0.55x | 3.81x | $-129.29 Million |
| 2021 | 35.60% | 16.72% | 0.65x | 3.29x | $133.03 Million |
| 2022 | 37.31% | 16.19% | 0.73x | 3.15x | $146.10 Million |
| 2023 | 37.80% | 17.27% | 0.77x | 2.83x | $164.52 Million |
| 2024 | 34.99% | 18.32% | 0.78x | 2.43x | $189.19 Million |
| 2025 | 34.27% | 19.05% | 0.84x | 2.14x | $218.63 Million |
Industry Comparison
This section compares Armstrong World Industries Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,096,903,657
- Average return on equity (ROE) among peers: 16.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Armstrong World Industries Inc (AWI) | $884.30 Million | 15.06% | 1.27x | $6.75 Billion |
| AAON Inc (AAON) | $62.31 Million | 23.45% | 0.47x | $6.33 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $504.42 Million | 30.25% | 0.48x | $6.19 Million |
| Montana Technologies Corporation (AIRJ) | $252.11 Million | 85.56% | 0.47x | $218.85 Million |
| Apogee Enterprises Inc (APOG) | $62.60 Million | 13.58% | 0.85x | $767.95 Million |
| Alpha Pro Tech Ltd (APT) | $26.80 Million | 9.02% | 0.10x | $64.06 Million |
| Arlo Technologies (ARLO) | $133.77 Million | -75.69% | 2.09x | $1.40 Billion |
| Azek Company Inc (AZEK) | $1.43 Billion | 6.23% | 0.53x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $824.95 Million | 26.89% | 2.94x | $6.25 Billion |
| Carrier Global Corp (CARR) | $6.58 Billion | 30.13% | 2.81x | $44.41 Billion |
About Armstrong World Industries Inc
Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass, metal, wood, felt, architectural resin and glass, wood fiber, and glass-reinforced-gypsum; and ceiling component products… Read more