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| Date | Value |
|---|---|
| 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 |