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Armstrong World Industries vs Latham Group: AWI and SWIM compared
Armstrong World Industries is the larger company: $476M of revenue in its latest quarter (Q3 2026) against $182M for Latham Group (Q3 2026). Latham Group is growing faster (+12% against +12% a year earlier). Armstrong World Industries is more profitable, with an operating margin of 27.6% against 13.0%.
Where the money goes: AWI and SWIM
Armstrong World Industries (AWI) · Q3 2026
Armstrong World Industries, Q3 2026: revenue $476M (+12% year over year), operating margin 27.6%, net earnings $91.9M, operating cash flow $96.2M. The chart follows the revenue to costs, profit and cash.
Latham Group (SWIM) · Q3 2026
Latham Group, Q3 2026: revenue $182M (+12% year over year), operating margin 13.0%, net earnings $12.1M, operating cash flow $48.8M. The chart follows the revenue to costs, profit and cash.
| Armstrong World Industries (AWI) | Latham Group (SWIM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $476M | $182M |
| Revenue growth, Y/Y | +12% | +12% |
| Gross margin | 40.1% | 36.7% |
| Operating margin | 27.6% | 13.0% |
| Net earnings | $91.9M | $12.1M |
| Net margin | 19.3% | 6.6% |
| Operating cash flow | $96.2M | $48.8M |
| Free cash flow | $71.5M | $42.7M |
| Market value | $7.2B | — |
| P/E | 22.9× | — |
| Analysts’ mean target | $200.18 | — |
Where the revenue comes from
Armstrong World Industries
- Mineral Fiber: $292M (61%)
- Architectural Specialties: $184M (39%)
Latham Group
- In-ground Swimming Pools: $92.4M (51%)
- Covers: $59.6M (33%)
- Liners: $30.1M (17%)
Questions
Which is bigger, Armstrong World Industries or Latham Group?
Armstrong World Industries is the larger company: $476M of revenue in its latest quarter (Q3 2026) against $182M for Latham Group (Q3 2026).
Is Armstrong World Industries or Latham Group growing faster?
Latham Group is growing faster (+12% against +12% a year earlier).
Which is more profitable, Armstrong World Industries or Latham Group?
Armstrong World Industries is more profitable, with an operating margin of 27.6% against 13.0%.
More: Armstrong World Industries earnings · how Armstrong World Industries makes money · Latham Group earnings · how Latham Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.