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Armstrong World Industries vs Newell Brands: revenue, profit, margins and growth compared

Armstrong World Industries brought in $1.6B of revenue in fiscal 2025, Newell Brands $7.2B in fiscal 2025. Revenue changed by +12.1% at Armstrong World Industries and -5.0% at Newell Brands on the year before, so Armstrong World Industries grew faster. Armstrong World Industries kept 19.0% of its revenue as net profit, Newell Brands -4.0%. Free cash flow was $246.1M at Armstrong World Industries and $17M at Newell Brands.

Side by side, latest fiscal year

AWINWL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.6B$7.2B
Revenue growth+12.1%-5.0%
Net income$308.7M-$285M
Net margin19.0%-4.0%
Free cash flow$246.1M$17M
Free cash flow margin15.2%0.2%
Earnings per share (diluted)$7.08-$0.68
Cash$112.7M$203M
Debt$406.7M$4.5B
Price to earnings23.0n/a
Market value$6.9B$2.3B
Dividend yield0.78%5.16%
Rank by revenue in sector#238 of 451 · Industrials#94 of 451 · Industrials

Over the years

Revenue
AWI FY2018: $975.3MAWI FY2019: $1BAWI FY2020: $936.9MAWI FY2021: $1.1BAWI FY2022: $1.2BAWI FY2023: $1.3BAWI FY2024: $1.4BAWI FY2025: $1.6BNWL FY2018: $10.2BNWL FY2019: $9.7BNWL FY2020: $9.4BNWL FY2021: $10.6BNWL FY2022: $9.5BNWL FY2023: $8.1BNWL FY2024: $7.6BNWL FY2025: $7.2BFY18FY19FY20FY21FY22FY23FY24FY25
AWI $1.6BNWL $7.2B
Net income
AWI FY2018: $185.9MAWI FY2019: $214.5MAWI FY2020: -$99.1MAWI FY2021: $183.2MAWI FY2022: $202.9MAWI FY2023: $223.8MAWI FY2024: $264.9MAWI FY2025: $308.7MNWL FY2018: -$6.9BNWL FY2019: $107MNWL FY2020: -$766MNWL FY2021: $622MNWL FY2022: $197MNWL FY2023: -$388MNWL FY2024: -$216MNWL FY2025: -$285MFY18FY19FY20FY21FY22FY23FY24FY25
AWI $308.7MNWL -$285M
Net margin
AWI FY2018: 19.1%AWI FY2019: 20.7%AWI FY2020: -10.6%AWI FY2021: 16.6%AWI FY2022: 16.5%AWI FY2023: 17.3%AWI FY2024: 18.3%AWI FY2025: 19.0%NWL FY2018: -68.4%NWL FY2019: 1.1%NWL FY2020: -8.2%NWL FY2021: 5.9%NWL FY2022: 2.1%NWL FY2023: -4.8%NWL FY2024: -2.8%NWL FY2025: -4.0%FY18FY19FY20FY21FY22FY23FY24FY25
AWI 19.0%NWL -4.0%
Revenue growth
AWI FY2019: +6.4%AWI FY2020: -9.7%AWI FY2021: +18.1%AWI FY2022: +11.4%AWI FY2023: +5.0%AWI FY2024: +11.6%AWI FY2025: +12.1%NWL FY2019: -4.3%NWL FY2020: -3.4%NWL FY2021: +12.8%NWL FY2022: -10.7%NWL FY2023: -14.0%NWL FY2024: -6.8%NWL FY2025: -5.0%FY19FY20FY21FY22FY23FY24FY25
AWI +12.1%NWL -5.0%
Free cash flow
AWI FY2018: $131.3MAWI FY2019: $111.4MAWI FY2020: $163.4MAWI FY2021: $107.4MAWI FY2022: $107.6MAWI FY2023: $149.7MAWI FY2024: $184MAWI FY2025: $246.1MNWL FY2018: $296MNWL FY2019: $779MNWL FY2020: $1.2BNWL FY2021: $595MNWL FY2022: -$584MNWL FY2023: $646MNWL FY2024: $237MNWL FY2025: $17MFY18FY19FY20FY21FY22FY23FY24FY25
AWI $246.1MNWL $17M

Fiscal years as each company reports them; the two may end in different months.

Questions about Armstrong World Industries and Newell Brands

Which is bigger by revenue, Armstrong World Industries or Newell Brands?

Newell Brands is bigger by revenue: $7.2B in fiscal 2025, against $1.6B for Armstrong World Industries in fiscal 2025.

Which keeps more of its revenue as profit, Armstrong World Industries or Newell Brands?

Armstrong World Industries had a net margin of 19.0% in fiscal 2025; Newell Brands had -4.0% in fiscal 2025.

Which grew revenue faster, Armstrong World Industries or Newell Brands?

In their latest fiscal years revenue changed by +12.1% at Armstrong World Industries and -5.0% at Newell Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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