AWI vs. ZWS

Last updated Apr 1, 2026

Compare and contrast key facts about Armstrong World Industries, Inc. (AWI) and Zurn Water Solutions Corporation (ZWS).

Performance

AWI vs. ZWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Armstrong World Industries, Inc. (AWI) and Zurn Water Solutions Corporation (ZWS). The values are adjusted to include any dividend payments, if applicable.

AWI vs. ZWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AWI Armstrong World Industries, Inc.	-13.59%	36.23%	45.05%	45.37%	-40.26%	57.44%	-19.97%	62.79%	-3.61%	44.86%
ZWS Zurn Water Solutions Corporation	-3.34%	25.81%	28.08%	40.63%	-41.48%	92.51%	22.26%	42.14%	-11.80%	32.82%

Fundamentals

Market Cap AWI : $7.19B ZWS : $7.64B
EPS AWI : $7.07 ZWS : $1.16
PE Ratio AWI : 23.29 ZWS : 38.55
PEG Ratio AWI : 1.41 ZWS : 2.37
PS Ratio AWI : 4.44 ZWS : 4.50
PB Ratio AWI : 3.73 ZWS : 4.76
Total Revenue (TTM) AWI : $1.62B ZWS : $1.70B
Gross Profit (TTM) AWI : $658.70M ZWS : $764.80M
EBITDA (TTM) AWI : $613.10M ZWS : $373.60M

Returns By Period

In the year-to-date period, AWI achieves a -13.59% return, which is significantly lower than ZWS's -3.34% return. Over the past 10 years, AWI has underperformed ZWS with an annualized return of 13.95%, while ZWS has yielded a comparatively higher 16.87% annualized return.

AWI

• 1D: 3.17%
• 1M: -4.82%
• YTD: -13.59%
• 6M: -15.61%
• 1Y: 17.85%
• 3Y*: 33.55%
• 5Y*: 13.37%
• 10Y*: 13.95%

ZWS

• 1D: 2.61%
• 1M: -12.04%
• YTD: -3.34%
• 6M: -4.22%
• 1Y: 37.19%
• 3Y*: 29.31%
• 5Y*: 15.21%
• 10Y*: 16.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AWI vs. ZWS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AWI

AWI Risk / Return Rank: 62
AWI Sharpe Ratio Rank: 66
AWI Sortino Ratio Rank: 59
AWI Omega Ratio Rank: 59
AWI Calmar Ratio Rank: 62
AWI Martin Ratio Rank: 65

ZWS

ZWS Risk / Return Rank: 80
ZWS Sharpe Ratio Rank: 80
ZWS Sortino Ratio Rank: 80
ZWS Omega Ratio Rank: 77
ZWS Calmar Ratio Rank: 79
ZWS Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AWI vs. ZWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Armstrong World Industries, Inc. (AWI) and Zurn Water Solutions Corporation (ZWS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AWI	ZWS	Difference
Sharpe ratio Return per unit of total volatility	0.67	1.24	-0.56
Sortino ratio Return per unit of downside risk	1.10	2.09	-0.99
Omega ratio Gain probability vs. loss probability	1.15	1.26	-0.11
Calmar ratio Return relative to maximum drawdown	0.89	2.19	-1.30
Martin ratio Return relative to average drawdown	2.63	7.17	-4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AWI vs. ZWS - Sharpe Ratio Comparison

The current AWI Sharpe Ratio is 0.67, which is lower than the ZWS Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of AWI and ZWS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AWI	ZWS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.24	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.48	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.48	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.36	-0.04

Correlation

The correlation between AWI and ZWS is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AWI vs. ZWS - Dividend Comparison

AWI's dividend yield for the trailing twelve months is around 0.79%, less than ZWS's 0.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AWI Armstrong World Industries, Inc.	0.79%	0.66%	0.81%	1.06%	1.38%	0.74%	1.09%	0.77%	0.30%
ZWS Zurn Water Solutions Corporation	0.89%	0.82%	0.88%	0.99%	0.95%	0.44%	0.81%	0.00%	0.00%

Drawdowns

AWI vs. ZWS - Drawdown Comparison

The maximum AWI drawdown since its inception was -80.98%, which is greater than ZWS's maximum drawdown of -52.43%. Use the drawdown chart below to compare losses from any high point for AWI and ZWS.

Drawdown Indicators

	AWI	ZWS	Difference
Max Drawdown Largest peak-to-trough decline	-80.98%	-52.43%	-28.55%
Max Drawdown (1Y) Largest decline over 1 year	-21.29%	-17.02%	-4.27%
Max Drawdown (5Y) Largest decline over 5 years	-46.06%	-47.25%	+1.19%
Max Drawdown (10Y) Largest decline over 10 years	-46.44%	-47.25%	+0.81%
Current Drawdown Current decline from peak	-18.80%	-14.86%	-3.94%
Average Drawdown Average peak-to-trough decline	-18.25%	-16.25%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.22%	5.20%	+2.02%

Volatility

AWI vs. ZWS - Volatility Comparison

The current volatility for Armstrong World Industries, Inc. (AWI) is 6.71%, while Zurn Water Solutions Corporation (ZWS) has a volatility of 7.81%. This indicates that AWI experiences smaller price fluctuations and is considered to be less risky than ZWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWI	ZWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	7.81%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	18.76%	17.73%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	26.64%	30.17%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.10%	31.85%	-5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.19%	35.16%	-4.97%

Financials

AWI vs. ZWS - Profitability Comparison

The chart below illustrates the profitability comparison between Armstrong World Industries, Inc. and Zurn Water Solutions Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AWI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Armstrong World Industries, Inc. reported a gross profit of 154.50M and revenue of 388.30M. Therefore, the gross margin over that period was 39.8%.

ZWS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Zurn Water Solutions Corporation reported a gross profit of 180.80M and revenue of 407.20M. Therefore, the gross margin over that period was 44.4%.

AWI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Armstrong World Industries, Inc. reported an operating income of 150.40M and revenue of 388.30M, resulting in an operating margin of 38.7%.

ZWS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Zurn Water Solutions Corporation reported an operating income of 64.60M and revenue of 407.20M, resulting in an operating margin of 15.9%.

AWI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Armstrong World Industries, Inc. reported a net income of 65.50M and revenue of 388.30M, resulting in a net margin of 16.9%.

ZWS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Zurn Water Solutions Corporation reported a net income of 42.10M and revenue of 407.20M, resulting in a net margin of 10.3%.