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Armstrong World Industries Valuation Multiples
Discover revenue and EBITDA valuation multiples for Armstrong World Industries and similar public comparables like AAON, Installed Building Products, voestalpine, Vallourec and more.
Armstrong World Industries Overview
About Armstrong World Industries
Armstrong World Industries Inc designs and manufactures exterior architectural applications, including ceilings, specialty walls, and exterior metal solutions, using materials such as mineral fiber, fiberglass, metal, felt, architectural resin and glass, wood, wood fiber, and glass-reinforced-gypsum. Its segments include Mineral Fiber, which produces suspended mineral fiber and fiberglass ceiling systems and includes results from the Worthington Armstrong Venture (WAVE) for ceiling suspension system (grid) products; Architectural Specialties, which designs, produces, and sources specialty ceilings, walls, and other architectural applications for commercial settings, with revenues mainly project driven; and Unallocated Corporate. The company operates in the United States and Canada.
Founded
1891
HQ
Employees
3.8K
Website
Financials (LTM)
EV
$8B
Armstrong World Industries Financials
Armstrong World Industries reported last 12-month revenue of $2B and EBITDA of $572M.
In the same LTM period, Armstrong World Industries generated $686M in gross profit, $572M in EBITDA, and $332M in net income.
Revenue (LTM)
Armstrong World Industries P&L
In the most recent fiscal year, Armstrong World Industries reported revenue of $2B and EBITDA of $555M.
Armstrong World Industries expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $686M | XXX | $659M | XXX | XXX | XXX |
| Gross Margin | 41% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $572M | XXX | $555M | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $332M | XXX | $323M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $294M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Armstrong World Industries Stock Performance
Armstrong World Industries has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
Armstrong World Industries' stock price is $173.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | -1.6% | XXX | XXX | XXX | $7.54 |
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Start Free TrialArmstrong World Industries Valuation Multiples
Armstrong World Industries trades at 4.7x EV/Revenue multiple, and 13.7x EV/EBITDA.
EV / Revenue (LTM)
Armstrong World Industries Financial Valuation Multiples
As of April 17, 2026, Armstrong World Industries has market cap of $7B and EV of $8B.
Equity research analysts estimate Armstrong World Industries' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Armstrong World Industries has a P/E ratio of 22.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBITDA | 13.7x | XXX | 14.1x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 18.0x | XXX | XXX | XXX |
| EV/Gross Profit | 11.4x | XXX | 11.9x | XXX | XXX | XXX |
| P/E | 22.4x | XXX | 23.0x | XXX | XXX | XXX |
| EV/FCF | 22.7x | XXX | 22.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Armstrong World Industries Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Armstrong World Industries Margins & Growth Rates
Armstrong World Industries' revenue in the last 12 month grew by 8%.
Armstrong World Industries' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Armstrong World Industries' rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Armstrong World Industries' rule of X is 58% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Armstrong World Industries Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 58% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Armstrong World Industries Public Comps
See public comps and valuation multiples for other Building Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Armstrong World Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| AAON | XXX | XXX | XXX | XXX | XXX | XXX |
| Installed Building Products | XXX | XXX | XXX | XXX | XXX | XXX |
| voestalpine | XXX | XXX | XXX | XXX | XXX | XXX |
| Vallourec | XXX | XXX | XXX | XXX | XXX | XXX |
| Acuity | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Armstrong World Industries M&A Activity
Armstrong World Industries acquired XXX companies to date.
Last acquisition by Armstrong World Industries was on XXXXXXXX, XXXXX. Armstrong World Industries acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Armstrong World Industries
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialArmstrong World Industries Investment Activity
Armstrong World Industries invested in XXX companies to date.
Armstrong World Industries made its latest investment on XXXXXXXX, XXXXX. Armstrong World Industries invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Armstrong World Industries
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Armstrong World Industries
| When was Armstrong World Industries founded? | Armstrong World Industries was founded in 1891. |
| Where is Armstrong World Industries headquartered? | Armstrong World Industries is headquartered in United States. |
| How many employees does Armstrong World Industries have? | As of today, Armstrong World Industries has over 3K employees. |
| Who is the CEO of Armstrong World Industries? | Armstrong World Industries' CEO is Victor D. Grizzle. |
| Is Armstrong World Industries publicly listed? | Yes, Armstrong World Industries is a public company listed on NYSE. |
| What is the stock symbol of Armstrong World Industries? | Armstrong World Industries trades under AWI ticker. |
| When did Armstrong World Industries go public? | Armstrong World Industries went public in 2006. |
| Who are competitors of Armstrong World Industries? | Armstrong World Industries main competitors are AAON, Installed Building Products, voestalpine, Vallourec. |
| What is the current market cap of Armstrong World Industries? | Armstrong World Industries' current market cap is $7B. |
| What is the current revenue of Armstrong World Industries? | Armstrong World Industries' last 12 months revenue is $2B. |
| What is the current revenue growth of Armstrong World Industries? | Armstrong World Industries revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Armstrong World Industries? | Current revenue multiple of Armstrong World Industries is 4.7x. |
| Is Armstrong World Industries profitable? | Yes, Armstrong World Industries is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Armstrong World Industries? | Armstrong World Industries' last 12 months EBITDA is $572M. |
| What is Armstrong World Industries' EBITDA margin? | Armstrong World Industries' last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of Armstrong World Industries? | Current EBITDA multiple of Armstrong World Industries is 13.7x. |
| What is the current FCF of Armstrong World Industries? | Armstrong World Industries' last 12 months FCF is $344M. |
| What is Armstrong World Industries' FCF margin? | Armstrong World Industries' last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of Armstrong World Industries? | Current FCF multiple of Armstrong World Industries is 22.7x. |
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