Armstrong World Industries (AWI) Debt to Equity (2010 - 2026)

Armstrong World Industries' (AWI) quarterly Debt to Equity came in at $0.54 in Q1 2026, down 18.05% year-on-year from $0.66 in Q1 2025, and up 18.88% quarter-over-quarter from $0.45 in Q4 2025.

Armstrong World Industries (AWI) Debt to Equity (2010 - 2026) Analysis & Trends

Armstrong World Industries has disclosed Debt to Equity across 17 years of filings, most recently posting $0.54 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.54, down 18.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.54 (down 18.05% YoY), and the FY2025 annual result was $0.45, down 34.9% from the prior year.
  • Debt to Equity came in at $0.54 for Q1 2026 at Armstrong World Industries, up from $0.45 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.31 in Q3 2022 to a low of $0.45 in Q4 2025.
  • The 5-year median for Debt to Equity is $0.96 (2024), against an average of $0.91.
  • Across the five-year window, Debt to Equity gained 9.12% in 2022 and slumped 40.66% in 2025, its largest moves.
  • Armstrong World Industries' Debt to Equity stood at $1.22 in 2022, then dropped by 18.53% to $0.99 in 2023, then tumbled by 30.05% to $0.69 in 2024, then tumbled by 34.9% to $0.45 in 2025, then rose by 18.88% to $0.54 in 2026.
  • The last three Debt to Equity figures came in at $0.54 (Q1 2026), $0.45 (Q4 2025), and $0.46 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.54
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.70
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.88
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 0.96
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn -12.17
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 1.74
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.28
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.87
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.45
10 Armstrong World Industries 6.74 Bn 6.66 Bn 155.30 Mn 0.54

Historic Data

Download Data
DateValue
Mar 31, 2026 0.54
Dec 31, 2025 0.45
Sep 30, 2025 0.46
Jun 30, 2025 0.58
Mar 31, 2025 0.66
Dec 31, 2024 0.69
Sep 30, 2024 0.77
Jun 30, 2024 0.96
Mar 31, 2024 0.93
Dec 31, 2023 0.99
Sep 30, 2023 1.06
Jun 30, 2023 1.15
Mar 31, 2023 1.22
Dec 31, 2022 1.22
Sep 30, 2022 1.31
Jun 30, 2022 1.27
Mar 31, 2022 1.19
Dec 31, 2021 1.21
Sep 30, 2021 1.20
Jun 30, 2021 1.36