Growth Metrics

Armstrong World Industries (AWI) Debt Ratio (2010 - 2026)

Armstrong World Industries recorded quarterly Debt Ratio of 0.24 in Q1 2026, up 14.22% quarter-over-quarter from 0.21 in Q4 2025, and down 13.88% year-over-year from 0.28 in Q1 2025.

Armstrong World Industries' Debt Ratio history runs 17 years deep, the most recent figure standing at 0.24 for Q1 2026.

  • In Q1 2026, Debt Ratio fell 13.88% year-over-year to 0.24; the TTM figure through Mar 2026 stood at 0.24 (down 13.88% YoY), while the FY2025 annual figure was 0.21, down 25.85% from the prior year.
  • Debt Ratio came in at 0.24 for Q1 2026 at Armstrong World Industries, up from 0.21 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.54 in Q4 2023 to a low of 0.21 in Q4 2025.
  • A 5-year average of 0.34 and a median of 0.35 in 2024 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio surged 39.26% in 2023 and plunged 46.98% in 2024, its largest moves.
  • Armstrong World Industries' Debt Ratio stood at 0.39 in 2022, then soared by 39.26% to 0.54 in 2023, then slumped by 46.98% to 0.28 in 2024, then declined by 25.85% to 0.21 in 2025, then advanced by 14.22% to 0.24 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.24, 0.21, and 0.22 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 0.20
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 0.24
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 0.33
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 0.27
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 0.56
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 0.48
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 0.24
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 0.17
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 0.36
10 Armstrong World Industries 6.74 Bn 6.66 Bn 155.30 Mn 0.24

Historic Data

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DateValue
Mar 31, 2026 0.24
Dec 31, 2025 0.21
Sep 30, 2025 0.22
Jun 30, 2025 0.26
Mar 31, 2025 0.28
Dec 31, 2024 0.28
Sep 30, 2024 0.31
Jun 30, 2024 0.35
Mar 31, 2024 0.34
Dec 31, 2023 0.54
Sep 30, 2023 0.36
Jun 30, 2023 0.38
Mar 31, 2023 0.39
Dec 31, 2022 0.39
Sep 30, 2022 0.39
Jun 30, 2022 0.39
Mar 31, 2022 0.37
Dec 31, 2021 0.37
Sep 30, 2021 0.37
Jun 30, 2021 0.40
Mar 31, 2021 0.41
Dec 31, 2020 0.42
Sep 30, 2020 0.42
Jun 30, 2020 0.41
Mar 31, 2020 0.43
Dec 31, 2019 0.41
Sep 30, 2019 0.43
Jun 30, 2019 0.42
Mar 31, 2019 0.42
Dec 31, 2018 0.45
Sep 30, 2018 0.41
Jun 30, 2018 0.46
Mar 31, 2018 0.46
Dec 31, 2017 0.45
Sep 30, 2017 0.47
Jun 30, 2017 0.48
Mar 31, 2017 0.50
Dec 31, 2016 0.50
Sep 30, 2016 0.50
Jun 30, 2016 0.51
Mar 31, 2016 0.37
Dec 31, 2015 0.37
Sep 30, 2015 0.38
Jun 30, 2015 0.39
Mar 31, 2015 0.40
Dec 31, 2014 0.40
Sep 30, 2014 0.35
Jun 30, 2014 0.35
Mar 31, 2014 0.36
Dec 31, 2013 0.39
Sep 30, 2013 0.38
Jun 30, 2013 0.36
Mar 31, 2013 0.37
Dec 31, 2012 1.16
Sep 30, 2012 0.36
Jun 30, 2012 0.38
Mar 31, 2012 0.33
Dec 31, 2011 0.28
Sep 30, 2011 0.27
Jun 30, 2011 0.28
Dec 31, 2010 0.29