Armstrong World (91A) Ratios
Armstrong World Ratios
DE:91A's free cash flow for Q3 2026 was $71.50M. For the 2026 fiscal year, DE:91A's free cash flow was decreased by $-24.70M and operating cash flow was $96.20M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.46 | 1.40 | 1.61 | 1.95 | 1.54 |
| Quick Ratio | 1.00 | 0.96 | 1.07 | 1.35 | 1.11 |
| Cash Ratio | 0.42 | 0.32 | 0.36 | 0.58 | 0.47 |
| Solvency Ratio | 0.42 | 0.34 | 0.29 | 0.25 | 0.24 |
| Operating Cash Flow Ratio | 1.33 | 1.07 | 1.20 | 1.00 | 0.89 |
| Short-Term Operating Cash Flow Coverage | 13.12 | 11.86 | 10.38 | 0.00 | 7.49 |
| Net Current Asset Value | $ -632.50M | $ -736.70M | $ -767.60M | $ -795.70M | $ -868.40M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.28 | 0.33 | 0.38 | 0.41 | 0.39 |
| Debt-to-Equity Ratio | 0.59 | 0.79 | 1.08 | 1.28 | 1.29 |
| Debt-to-Capital Ratio | 0.37 | 0.44 | 0.52 | 0.56 | 0.56 |
| Long-Term Debt-to-Capital Ratio | 0.33 | 0.40 | 0.49 | 0.55 | 0.54 |
| Financial Leverage Ratio | 2.14 | 2.43 | 2.83 | 3.15 | 3.29 |
| Debt Service Coverage Ratio | 7.69 | 6.10 | 5.19 | 11.46 | 5.55 |
| Interest Coverage Ratio | 13.06 | 6.03 | 5.01 | 7.83 | 5.36 |
| Debt to Market Cap | 0.06 | 0.09 | 0.13 | 0.21 | 0.11 |
| Interest Debt Per Share | 12.95 | 14.76 | 15.37 | 15.42 | 14.77 |
| Net Debt to EBITDA | 0.76 | 1.05 | 1.31 | 1.58 | 1.55 |
| Profitability Margins | |||||
| Gross Profit Margin | 40.64% | 40.23% | 38.37% | 36.44% | 36.68% |
| EBIT Margin | 26.73% | 27.14% | 26.64% | 23.09% | 24.77% |
| EBITDA Margin | 34.16% | 34.28% | 33.53% | 29.88% | 33.49% |
| Operating Profit Margin | 26.59% | 18.89% | 18.11% | 17.20% | 15.20% |
| Pretax Profit Margin | 24.70% | 24.01% | 23.03% | 20.89% | 21.93% |
| Net Profit Margin | 19.05% | 18.32% | 17.27% | 16.19% | 16.72% |
| Continuous Operations Profit Margin | 19.05% | 18.32% | 17.28% | 16.21% | 16.74% |
| Net Income Per EBT | 77.12% | 76.32% | 74.99% | 77.48% | 76.23% |
| EBT Per EBIT | 92.90% | 127.10% | 127.21% | 121.45% | 144.29% |
| Return on Assets (ROA) | 16.04% | 14.38% | 13.38% | 11.83% | 10.82% |
| Return on Equity (ROE) | 34.27% | 34.99% | 37.80% | 37.31% | 35.60% |
| Return on Capital Employed (ROCE) | 26.00% | 17.14% | 15.87% | 14.10% | 11.21% |
| Return on Invested Capital (ROIC) | 19.73% | 12.81% | 11.65% | 10.88% | 8.38% |
| Return on Tangible Assets | 24.09% | 22.36% | 20.63% | 17.95% | 16.49% |
| Earnings Yield | 3.71% | 4.29% | 5.09% | 6.29% | 3.35% |
| Efficiency Ratios | |||||
| Receivables Turnover | 12.44 | 10.45 | 11.58 | 10.80 | 10.01 |
| Payables Turnover | 7.78 | 8.17 | 8.77 | 7.46 | 6.62 |
| Inventory Turnover | 7.72 | 7.87 | 7.67 | 7.13 | 7.77 |
| Fixed Asset Turnover | 2.57 | 2.16 | 2.10 | 2.09 | 1.90 |
| Asset Turnover | 0.84 | 0.78 | 0.77 | 0.73 | 0.65 |
| Working Capital Turnover Ratio | 14.52 | 13.28 | 8.86 | 8.62 | 8.79 |
| Cash Conversion Cycle | 29.72 | 36.61 | 37.45 | 36.13 | 28.32 |
| Days of Sales Outstanding | 29.34 | 34.92 | 31.51 | 33.80 | 36.45 |
| Days of Inventory Outstanding | 47.27 | 46.38 | 47.56 | 51.22 | 46.99 |
| Days of Payables Outstanding | 46.89 | 44.69 | 41.61 | 48.90 | 55.11 |
| Operating Cycle | 76.61 | 81.30 | 79.06 | 85.03 | 83.43 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 8.15 | 6.11 | 5.22 | 3.94 | 3.93 |
| Free Cash Flow Per Share | 5.64 | 4.21 | 3.35 | 2.32 | 2.26 |
| Dividend Paid and CapEx Coverage Ratio | 2.16 | 2.00 | 1.79 | 1.53 | 1.54 |
| Capital Expenditure Coverage Ratio | 3.25 | 3.22 | 2.79 | 2.44 | 2.35 |
| Operating Cash Flow Coverage Ratio | 0.67 | 0.44 | 0.36 | 0.27 | 0.28 |
| Operating Cash Flow to Sales Ratio | 0.22 | 0.18 | 0.18 | 0.15 | 0.17 |
| Free Cash Flow Yield | 2.95% | 2.98% | 3.41% | 3.39% | 1.94% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 26.99 | 23.31 | 19.65 | 15.91 | 29.88 |
| Price-to-Sales (P/S) Ratio | 5.14 | 4.27 | 3.39 | 2.58 | 4.99 |
| Price-to-Book (P/B) Ratio | 9.25 | 8.16 | 7.43 | 5.94 | 10.64 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 33.86 | 33.57 | 29.36 | 29.51 | 51.46 |
| Price-to-Operating Cash Flow Ratio | 23.44 | 23.15 | 18.82 | 17.41 | 29.53 |
| Price-to-Earnings Growth (PEG) Ratio | 1.60 | 1.10 | 1.23 | 1.30 | -0.09 |
| Enterprise Value Multiple | 15.80 | 13.51 | 11.43 | 10.20 | 16.46 |
| Enterprise Value | 8.75B | 6.70B | 4.96B | 3.76B | 6.10B |
| EV to EBITDA | 15.80 | 13.51 | 11.43 | 10.20 | 16.46 |
| EV to Sales | 5.40 | 4.63 | 3.83 | 3.05 | 5.51 |
| EV to Free Cash Flow | 35.56 | 36.40 | 33.16 | 34.91 | 56.80 |
| EV to Operating Cash Flow | 24.62 | 25.10 | 21.26 | 20.60 | 32.59 |
| Tangible Book Value Per Share | 5.91 | 2.26 | 0.09 | -0.86 | -1.44 |
| Shareholders’ Equity Per Share | 20.66 | 17.32 | 13.24 | 11.56 | 10.92 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.23 | 0.24 | 0.25 | 0.22 | 0.24 |
| Revenue Per Share | 37.17 | 33.08 | 28.98 | 26.63 | 23.25 |
| Net Income Per Share | 7.08 | 6.06 | 5.00 | 4.31 | 3.89 |
| Tax Burden | 0.77 | 0.76 | 0.75 | 0.77 | 0.76 |
| Interest Burden | 0.92 | 0.88 | 0.86 | 0.90 | 0.89 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| SG&A to Revenue | 0.21 | 0.21 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.15 | 1.01 | 1.04 | 0.90 | 1.02 |
Currency in USD
