Armstrong World Industries (AWI) Return on Invested Capital [ROIC] (2011 - 2026)
Armstrong World Industries (AWI) recorded Return on Invested Capital [ROIC] of 24.49% in Q2 2026, up 0.33 percentage points from 24.16% a year earlier but down 0.02 percentage points from the prior quarter.
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Analysis
Armstrong World Industries (AWI) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Armstrong World Industries reported Return on Invested Capital [ROIC] of 25.66%, up 2.45 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for five straight years, with a five-year change of +9.87 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 23.22% in FY2024 (+2.68 pp), 20.54% in FY2023 (+2.03 pp), 18.51% in FY2022 (+1.38 pp) and 17.13% in FY2021 (+1.34 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 16.24% in Q3 2021 to 25.51% in Q4 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for 22 consecutive quarters, with an average year-over-year change of +2.10 percentage points over the last eight quarters.
- The year-over-year gain in Return on Invested Capital [ROIC] has ranged between 0.33 percentage points (Q2 2026) and 4.19 percentage points (Q3 2025) over the last five years.
- Per Business Quant, the preceding three quarters came in at 24.51% (Q1 2026), 25.51% (Q4 2025) and 25.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 102.06 Bn | 96.80 Bn | 2.26 Bn | 24.37% |
| 2 | Johnson Controls International | 94.64 Bn | 92.40 Bn | 2.47 Bn | 10.45% |
| 3 | Comfort Systems Usa | 60.88 Bn | 56.13 Bn | 844.23 Mn | 11.27% |
| 4 | Carrier Global | 45.43 Bn | 40.06 Bn | 1.94 Bn | 6.45% |
| 5 | Otis Worldwide | 24.39 Bn | 20.99 Bn | 1.14 Bn | 69.71% |
| 6 | James Hardie Industries | 14.50 Bn | 13.23 Bn | 548.70 Mn | 2.57% |
| 7 | Masco | 13.48 Bn | 11.58 Bn | 868.00 Mn | 33.91% |
| 8 | Allegion | 13.12 Bn | 11.83 Bn | 517.50 Mn | 17.94% |
| 9 | Carlisle Companies | 13.11 Bn | 9.46 Bn | 568.40 Mn | 17.39% |
| 10 | Armstrong World Industries | 6.91 Bn | 6.55 Bn | 195.00 Mn | 24.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.49% |
| Mar 31, 2026 | 24.51% |
| Dec 31, 2025 | 25.51% |
| Sep 30, 2025 | 25.06% |
| Jun 30, 2025 | 24.16% |
| Mar 31, 2025 | 22.84% |
| Dec 31, 2024 | 22.36% |
| Sep 30, 2024 | 20.86% |
| Jun 30, 2024 | 20.75% |
| Mar 31, 2024 | 21.38% |
| Dec 31, 2023 | 20.36% |
| Sep 30, 2023 | 20.30% |
| Jun 30, 2023 | 19.01% |
| Mar 31, 2023 | 18.44% |
| Dec 31, 2022 | 18.09% |
| Sep 30, 2022 | 17.25% |
| Jun 30, 2022 | 17.05% |
| Mar 31, 2022 | 17.60% |
| Dec 31, 2021 | 17.26% |
| Sep 30, 2021 | 16.24% |
API Access
Armstrong World Industries Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AWI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AWI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AWI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();