Albany International (AIN) Financials

$65.56 -0.21 (-0.32%)

As of 01:59 PM Eastern

Annual Income Statements for Albany International

This table shows Albany International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	88	111	96
Consolidated Net Income / (Loss)	88	112	97
Net Income / (Loss) Continuing Operations	88	112	97
Total Pre-Tax Income	117	160	132
Total Operating Income	131	168	181
Total Gross Profit	402	424	390
Total Revenue	1,231	1,148	1,035
Operating Revenue	1,231	1,148	1,035
Total Cost of Revenue	829	724	645
Operating Cost of Revenue	829	724	645
Total Operating Expenses	270	256	209
Selling, General & Admin Expense	211	215	169
Research & Development Expense	46	-	40
Restructuring Charge	13	0.28	0.11
Total Other Income / (Expense), net	-14	-7.44	-49
Interest Expense	17	20	67
Interest & Investment Income	4.06	6.57	3.84
Other Income / (Expense), net	-1.72	6.16	14
Income Tax Expense	29	49	35
Net Income / (Loss) Attributable to Noncontrolling Interest	0.43	0.49	0.75
Basic Earnings per Share	$2.81	$3.56	$3.06
Weighted Average Basic Shares Outstanding	31.23M	31.17M	31.34M
Diluted Earnings per Share	$2.80	$3.55	$3.04
Weighted Average Diluted Shares Outstanding	31.34M	31.28M	31.46M
Weighted Average Basic & Diluted Shares Outstanding	30.90M	31.20M	31.10M
Cash Dividends to Common per Share	$1.05	$1.01	$0.88

This table shows Albany International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	17	18	18	25	27	30	27	27	27	18	11
Consolidated Net Income / (Loss)	17	18	18	25	27	31	27	27	27	18	11
Net Income / (Loss) Continuing Operations	17	18	18	25	27	31	27	27	27	18	11
Total Pre-Tax Income	24	25	20	34	39	39	36	47	38	31	7.64
Total Operating Income	28	24	25	43	39	42	40	46	41	38	54
Total Gross Profit	96	90	90	112	109	120	102	103	99	97	100
Total Revenue	289	287	298	332	313	324	281	274	269	269	261
Operating Revenue	289	287	298	332	313	324	281	274	269	269	261
Total Cost of Revenue	192	197	208	220	205	204	179	171	170	172	160
Operating Cost of Revenue	192	197	208	220	205	204	179	171	170	172	160
Total Operating Expenses	68	66	65	69	70	78	62	57	59	59	47
Selling, General & Admin Expense	54	48	52	56	55	68	52	47	48	49	37
Marketing Expense	12	-	11	12	-	-	9.71	10	-	-	9.93
Restructuring Charge	2.52	6.85	2.27	2.10	2.21	0.06	0.08	0.13	0.02	-0.16	0.04
Total Other Income / (Expense), net	-4.64	0.34	-5.67	-8.61	-0.34	-2.30	-3.71	1.41	-2.84	-6.47	-46
Interest & Investment Income	-3.66	-	-	-	-	-	-	-	-	-	-
Other Income / (Expense), net	-0.98	4.21	-3.26	-5.66	2.98	1.25	-0.06	4.51	0.46	45	-42
Income Tax Expense	6.28	6.90	1.28	9.58	11	8.94	9.21	20	11	13	-3.18
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.01	0.07	0.19	0.10	0.08	0.09	0.05	0.15	0.20	0.11	0.13
Basic Earnings per Share	$0.56	$0.57	$0.58	$0.79	$0.87	$0.97	$0.87	$0.86	$0.86	$0.60	$0.34
Weighted Average Basic Shares Outstanding	30.82M	31.23M	31.25M	31.24M	31.21M	31.17M	31.19M	31.17M	31.13M	31.34M	31.11M
Diluted Earnings per Share	$0.56	$0.57	$0.57	$0.79	$0.87	$0.97	$0.87	$0.85	$0.86	$0.58	$0.34
Weighted Average Diluted Shares Outstanding	30.98M	31.34M	31.37M	31.34M	31.29M	31.28M	31.28M	31.27M	31.22M	31.46M	31.22M
Weighted Average Basic & Diluted Shares Outstanding	30.20M	30.90M	31.30M	31.20M	31.20M	31.20M	31.20M	31.20M	31.20M	31.10M	31.10M
Cash Dividends to Common per Share	$0.27	$0.27	$0.26	$0.26	$0.26	$0.26	$0.25	$0.25	$0.25	$0.25	$0.21

This table details how cash moves in and out of Albany International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-58	-118	-10
Net Cash From Operating Activities	218	148	128
Net Cash From Continuing Operating Activities	218	148	128
Net Income / (Loss) Continuing Operations	88	112	97
Consolidated Net Income / (Loss)	88	112	97
Depreciation Expense	82	70	62
Amortization Expense	6.84	6.36	6.57
Non-Cash Adjustments To Reconcile Net Income	19	-24	14
Changes in Operating Assets and Liabilities, net	22	-16	-51
Net Cash From Investing Activities	-80	-218	-96
Net Cash From Continuing Investing Activities	-80	-218	-96
Purchase of Property, Plant & Equipment	-80	-84	-94
Acquisitions	-0.96	-134	-2.67
Sale of Property, Plant & Equipment	1.03	0.00	0.00
Net Cash From Financing Activities	-184	-53	-24
Net Cash From Continuing Financing Activities	-184	-53	-24
Repayment of Debt	-280	-96	-73
Repurchase of Common Equity	-14	0.00	-85
Payment of Dividends	-32	-31	-26
Issuance of Debt	146	78	162
Other Financing Activities, net	-2.93	-3.14	-1.41
Effect of Exchange Rate Changes	-13	4.13	-18

This table details how cash moves in and out of Albany International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	4.07	-12	11	-8.97	-48	1.91	-129	-3.34	12	15	-44
Net Cash From Operating Activities	2.12	78	47	83	9.60	74	59	31	-16	61	30
Net Cash From Continuing Operating Activities	2.12	78	47	83	9.60	74	59	31	-16	61	30
Net Income / (Loss) Continuing Operations	17	18	18	25	27	31	27	27	27	18	11
Consolidated Net Income / (Loss)	17	18	18	25	27	31	27	27	27	18	11
Depreciation Expense	20	21	21	21	21	20	18	16	16	16	16
Amortization Expense	1.71	1.65	1.74	1.70	1.75	1.75	1.60	1.52	1.50	1.53	1.45
Non-Cash Adjustments To Reconcile Net Income	18	25	-2.15	-7.87	3.77	-11	-20	12	-5.01	8.02	23
Changes in Operating Assets and Liabilities, net	-54	13	8.62	44	-44	33	32	-26	-56	18	-21
Net Cash From Investing Activities	-16	-19	-15	-19	-27	-35	-148	-19	-16	-44	-17
Net Cash From Continuing Investing Activities	-16	-19	-15	-19	-27	-35	-148	-19	-16	-44	-17
Purchase of Property, Plant & Equipment	-16	-18	-15	-20	-27	-35	-14	-19	-16	-43	-15
Acquisitions	0.00	-0.86	-0.06	-0.02	-0.02	-0.59	-134	-0.07	0.00	-0.79	-1.52
Net Cash From Financing Activities	15	-62	-24	-70	-28	-42	-40	-12	41	-15	-45
Net Cash From Continuing Financing Activities	15	-62	-24	-70	-28	-42	-40	-12	41	-15	-45
Repayment of Debt	-3.01	-137	-20	-62	-61	-41	-43	-7.00	-6.00	-25	-48
Repurchase of Common Equity	-69	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-8.43	-8.13	-8.12	-8.12	-8.11	-7.80	-7.80	-7.79	-7.78	-6.53	-6.53
Issuance of Debt	97	97	4.82	0.05	43	6.79	10	3.00	58	17	10
Other Financing Activities, net	-1.32	-0.10	-0.39	-	-2.45	-	-	-	-3.14	-	0.01
Effect of Exchange Rate Changes	2.46	-9.21	2.76	-3.46	-2.66	4.78	-0.79	-3.92	4.06	12	-13

This table presents Albany International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,649	1,835	1,642
Total Current Assets	731	878	838
Cash & Equivalents	115	173	292
Accounts Receivable	247	288	200
Inventories, net	146	170	139
Prepaid Expenses	37	54	51
Current Deferred & Refundable Income Taxes	19	11	7.94
Other Current Assets	167	182	149
Plant, Property, & Equipment, net	563	602	446
Total Noncurrent Assets	355	355	358
Noncurrent Note & Lease Receivables	0.00	4.39	28
Goodwill	176	180	178
Intangible Assets	38	45	34
Noncurrent Deferred & Refundable Income Taxes	29	23	15
Other Noncurrent Operating Assets	111	103	103
Total Liabilities & Shareholders' Equity	1,649	1,835	1,642
Total Liabilities	700	868	775
Total Current Liabilities	226	249	211
Short-Term Debt	0.00	4.22	0.00
Accounts Payable	66	87	70
Accrued Expenses	142	143	126
Current Deferred & Payable Income Tax Liabilities	18	14	15
Total Noncurrent Liabilities	473	619	563
Long-Term Debt	319	453	439
Noncurrent Deferred & Payable Income Tax Liabilities	16	27	16
Other Noncurrent Operating Liabilities	139	139	109
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	949	967	868
Total Preferred & Common Equity	944	961	863
Preferred Stock	0.00	0.00	0.00
Total Common Equity	943	961	863
Common Stock	453	448	442
Retained Earnings	1,066	1,011	931
Treasury Stock	-379	-365	-365
Accumulated Other Comprehensive Income / (Loss)	-196	-142	-163
Other Equity Adjustments	-0.11	9.08	18
Noncontrolling Interest	5.41	5.95	4.49

This table presents Albany International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,688	1,753	1,752	1,798	1,790	1,707	1,696	1,572
Total Current Assets	768	804	806	845	856	904	889	809
Cash & Equivalents	119	127	116	125	172	301	304	276
Accounts Receivable	272	272	280	305	270	242	216	199
Inventories, net	161	161	162	166	181	151	154	134
Prepaid Expenses	40	40	49	57	61	56	53	47
Current Deferred & Refundable Income Taxes	19	8.32	9.99	12	6.40	8.47	8.71	4.06
Other Current Assets	156	196	189	179	166	145	154	149
Plant, Property, & Equipment, net	565	583	582	590	567	452	450	411
Total Noncurrent Assets	355	365	363	363	367	351	356	352
Goodwill	179	181	178	179	177	179	179	173
Intangible Assets	38	41	42	43	45	32	33	34
Noncurrent Deferred & Refundable Income Taxes	26	27	27	24	15	14	16	18
Other Noncurrent Operating Assets	112	117	116	117	104	99	101	98
Total Liabilities & Shareholders' Equity	1,688	1,753	1,752	1,798	1,790	1,707	1,696	1,572
Total Liabilities	783	757	778	825	869	791	798	752
Total Current Liabilities	208	219	225	212	243	181	185	190
Short-Term Debt	0.00	0.56	2.73	4.45	27	0.00	0.00	0.00
Accounts Payable	83	78	85	81	70	66	76	65
Accrued Expenses	123	139	130	118	135	104	104	107
Current Deferred & Payable Income Tax Liabilities	2.02	1.59	7.77	8.59	10	11	4.46	17
Total Noncurrent Liabilities	575	538	554	613	626	610	614	562
Long-Term Debt	416	362	374	435	463	487	491	447
Noncurrent Deferred & Payable Income Tax Liabilities	17	22	28	27	21	16	14	11
Other Noncurrent Operating Liabilities	142	155	152	151	142	108	108	104
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	905	997	973	974	922	916	898	820
Total Preferred & Common Equity	900	991	968	967	915	910	893	816
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	900	991	968	967	915	910	893	816
Common Stock	456	453	452	449	446	444	442	440
Retained Earnings	1,075	1,057	1,047	1,030	989	969	950	921
Treasury Stock	-448	-365	-365	-365	-365	-365	-365	-365
Accumulated Other Comprehensive Income / (Loss)	-181	-155	-171	-154	-169	-153	-150	-198
Other Equity Adjustments	-0.74	1.17	4.12	6.96	13	15	15	18
Noncontrolling Interest	5.19	5.68	5.81	6.08	6.79	5.26	4.93	4.18

This table displays calculated financial ratios and metrics derived from Albany International's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	7.20%	10.92%	11.37%
EBITDA Growth	-12.70%	-5.06%	3.56%
EBIT Growth	-25.52%	-10.79%	7.90%
NOPAT Growth	-15.41%	-11.77%	3.89%
Net Income Growth	-21.10%	15.65%	-18.74%
EPS Growth	-21.13%	16.78%	-16.71%
Operating Cash Flow Growth	47.54%	15.48%	-41.04%
Free Cash Flow Firm Growth	265.54%	-376.19%	-75.80%
Invested Capital Growth	-7.88%	23.26%	9.64%
Revenue Q/Q Growth	-2.89%	5.01%	2.87%
EBITDA Q/Q Growth	-6.08%	-12.36%	17.08%
EBIT Q/Q Growth	-10.07%	-18.76%	26.03%
NOPAT Q/Q Growth	-13.18%	9.28%	-6.28%
Net Income Q/Q Growth	-12.69%	12.39%	-9.84%
EPS Q/Q Growth	-12.50%	12.34%	-8.98%
Operating Cash Flow Q/Q Growth	1.97%	9.90%	-5.92%
Free Cash Flow Firm Q/Q Growth	60.67%	16.70%	-54.39%
Invested Capital Q/Q Growth	-6.45%	0.81%	2.43%
Profitability Metrics	-	-	-
Gross Margin	32.65%	36.91%	37.66%
EBITDA Margin	17.79%	21.85%	25.53%
Operating Margin	10.67%	14.63%	17.49%
EBIT Margin	10.53%	15.16%	18.85%
Profit (Net Income) Margin	7.16%	9.72%	9.33%
Tax Burden Percent	75.20%	69.56%	73.12%
Interest Burden Percent	90.32%	92.19%	67.64%
Effective Tax Rate	24.80%	30.44%	26.88%
Return on Invested Capital (ROIC)	8.22%	10.31%	13.64%
ROIC Less NNEP Spread (ROIC-NNEP)	3.81%	7.91%	-23.10%
Return on Net Nonoperating Assets (RNNOA)	0.97%	1.86%	-2.58%
Return on Equity (ROE)	9.19%	12.17%	11.06%
Cash Return on Invested Capital (CROIC)	16.43%	-10.53%	4.45%
Operating Return on Assets (OROA)	7.44%	10.01%	12.20%
Return on Assets (ROA)	5.06%	6.42%	6.03%
Return on Common Equity (ROCE)	9.14%	12.10%	11.01%
Return on Equity Simple (ROE_SIMPLE)	9.33%	11.61%	11.18%
Net Operating Profit after Tax (NOPAT)	99	117	132
NOPAT Margin	8.03%	10.17%	12.79%
Net Nonoperating Expense Percent (NNEP)	4.41%	2.40%	36.75%
Return On Investment Capital (ROIC_SIMPLE)	7.79%	8.20%	10.13%
Cost of Revenue to Revenue	67.35%	63.09%	62.34%
SG&A Expenses to Revenue	17.14%	18.72%	16.30%
R&D to Revenue	3.75%	0.00%	3.86%
Operating Expenses to Revenue	21.97%	22.29%	20.17%
Earnings before Interest and Taxes (EBIT)	130	174	195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	219	251	264
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.65	3.15	3.47
Price to Tangible Book Value (P/TBV)	3.43	4.11	4.60
Price to Revenue (P/Rev)	2.03	2.64	2.90
Price to Earnings (P/E)	28.57	27.25	31.29
Dividend Yield	1.31%	1.04%	0.91%
Earnings Yield	3.50%	3.67%	3.20%
Enterprise Value to Invested Capital (EV/IC)	2.35	2.65	3.10
Enterprise Value to Revenue (EV/Rev)	2.20	2.89	3.04
Enterprise Value to EBITDA (EV/EBITDA)	12.39	13.23	11.92
Enterprise Value to EBIT (EV/EBIT)	20.92	19.06	16.14
Enterprise Value to NOPAT (EV/NOPAT)	27.45	28.41	23.78
Enterprise Value to Operating Cash Flow (EV/OCF)	12.41	22.41	24.55
Enterprise Value to Free Cash Flow (EV/FCFF)	13.74	0.00	72.92
Leverage & Solvency	-	-	-
Debt to Equity	0.34	0.47	0.51
Long-Term Debt to Equity	0.34	0.47	0.51
Financial Leverage	0.25	0.23	0.11
Leverage Ratio	1.82	1.90	1.83
Compound Leverage Factor	1.64	1.75	1.24
Debt to Total Capital	25.13%	32.08%	33.60%
Short-Term Debt to Total Capital	0.00%	0.30%	0.00%
Long-Term Debt to Total Capital	25.13%	31.78%	33.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.43%	0.42%	0.34%
Common Equity to Total Capital	74.44%	67.50%	66.05%
Debt to EBITDA	1.45	1.82	1.66
Net Debt to EBITDA	0.93	1.13	0.56
Long-Term Debt to EBITDA	1.45	1.81	1.66
Debt to NOPAT	3.22	3.91	3.32
Net Debt to NOPAT	2.06	2.43	1.11
Long-Term Debt to NOPAT	3.22	3.88	3.32
Altman Z-Score	4.42	4.22	4.60
Noncontrolling Interest Sharing Ratio	0.60%	0.57%	0.47%
Liquidity Ratios	-	-	-
Current Ratio	3.23	3.53	3.97
Quick Ratio	1.60	1.85	2.33
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	197	-119	43
Operating Cash Flow to CapEx	275.73%	177.19%	136.87%
Free Cash Flow to Firm to Interest Expense	11.88	-5.91	0.64
Operating Cash Flow to Interest Expense	13.15	7.34	1.91
Operating Cash Flow Less CapEx to Interest Expense	8.38	3.20	0.52
Efficiency Ratios	-	-	-
Asset Turnover	0.71	0.66	0.65
Accounts Receivable Turnover	4.61	4.71	5.28
Inventory Turnover	5.26	4.69	5.02
Fixed Asset Turnover	2.11	2.19	2.35
Accounts Payable Turnover	10.82	9.24	9.30
Days Sales Outstanding (DSO)	79.26	77.55	69.13
Days Inventory Outstanding (DIO)	69.45	77.77	72.69
Days Payable Outstanding (DPO)	33.73	39.52	39.23
Cash Conversion Cycle (CCC)	114.98	115.81	102.59
Capital & Investment Metrics	-	-	-
Invested Capital	1,152	1,251	1,015
Invested Capital Turnover	1.02	1.01	1.07
Increase / (Decrease) in Invested Capital	-99	236	89
Enterprise Value (EV)	2,712	3,318	3,148
Market Capitalization	2,503	3,028	2,996
Book Value per Share	$30.14	$30.81	$27.75
Tangible Book Value per Share	$23.29	$23.61	$20.93
Total Capital	1,267	1,424	1,307
Total Debt	319	457	439
Total Long-Term Debt	319	453	439
Net Debt	203	283	147
Capital Expenditures (CapEx)	79	84	94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	389	460	335
Debt-free Net Working Capital (DFNWC)	504	634	627
Net Working Capital (NWC)	504	629	627
Net Nonoperating Expense (NNE)	11	5.17	36
Net Nonoperating Obligations (NNO)	203	283	147
Total Depreciation and Amortization (D&A)	89	77	69
Debt-free, Cash-free Net Working Capital to Revenue	31.61%	40.08%	32.40%
Debt-free Net Working Capital to Revenue	40.98%	55.19%	60.60%
Net Working Capital to Revenue	40.98%	54.82%	60.60%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.81	$3.56	$3.06
Adjusted Weighted Average Basic Shares Outstanding	31.23M	31.17M	31.10M
Adjusted Diluted Earnings per Share	$2.80	$3.55	$3.04
Adjusted Weighted Average Diluted Shares Outstanding	31.34M	31.28M	31.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.90M	31.20M	31.10M
Normalized Net Operating Profit after Tax (NOPAT)	109	117	132
Normalized NOPAT Margin	8.85%	10.19%	12.80%
Pre Tax Income Margin	9.51%	13.98%	12.75%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	7.80	8.63	2.91
NOPAT to Interest Expense	5.95	5.79	1.98
EBIT Less CapEx to Interest Expense	3.03	4.49	1.51
NOPAT Less CapEx to Interest Expense	1.18	1.65	0.58
Payout Ratios	-	-	-
Dividend Payout Ratio	36.89%	27.92%	27.42%
Augmented Payout Ratio	52.99%	27.92%	115.27%

This table displays calculated financial ratios and metrics derived from Albany International's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.84%	-11.34%	6.15%	21.11%	16.44%	20.39%	7.88%	4.88%	10.21%	12.03%	12.10%
EBITDA Growth	-24.42%	-21.82%	-25.64%	-12.25%	10.11%	-35.25%	108.92%	-9.23%	-3.44%	62.30%	-56.72%
EBIT Growth	-34.98%	-33.73%	-45.23%	-25.52%	2.35%	-48.30%	249.96%	-13.41%	-3.95%	93.86%	-75.96%
NOPAT Growth	-24.82%	-45.86%	-21.41%	18.83%	-5.20%	46.96%	-60.62%	-29.85%	4.58%	-27.55%	141.98%
Net Income Growth	-36.61%	-41.90%	-32.90%	-7.85%	1.04%	67.45%	150.89%	-31.86%	-3.52%	-36.61%	-65.02%
EPS Growth	-35.63%	-41.24%	-34.48%	-7.06%	1.16%	67.24%	155.88%	-32.00%	-1.15%	-34.09%	-64.21%
Operating Cash Flow Growth	-77.92%	5.67%	-20.53%	168.42%	158.54%	21.90%	99.83%	-27.92%	-204.08%	-11.70%	-44.01%
Free Cash Flow Firm Growth	160.31%	156.99%	114.80%	-12.65%	-146.04%	-203.10%	-848.49%	-664.86%	-536.05%	-182.61%	-26.22%
Invested Capital Growth	-6.61%	-7.88%	-0.73%	12.00%	18.73%	23.26%	25.24%	11.75%	10.21%	9.64%	4.93%
Revenue Q/Q Growth	0.65%	-3.85%	-10.12%	5.96%	-3.17%	15.11%	2.55%	1.87%	0.12%	3.16%	-0.31%
EBITDA Q/Q Growth	-4.40%	14.89%	-25.84%	-7.20%	-1.12%	9.27%	-12.49%	16.45%	-41.85%	252.58%	-61.98%
EBIT Q/Q Growth	-4.34%	30.13%	-41.17%	-11.23%	-2.50%	7.55%	-19.99%	21.99%	-50.74%	627.93%	-80.20%
NOPAT Q/Q Growth	18.61%	-25.59%	-23.95%	12.01%	-14.59%	8.02%	14.99%	-10.64%	32.41%	-71.06%	104.87%
Net Income Q/Q Growth	-2.23%	-2.61%	-26.29%	-9.68%	-10.39%	12.48%	1.22%	-0.96%	48.49%	68.54%	-72.51%
EPS Q/Q Growth	-1.75%	0.00%	-27.85%	-9.20%	-10.31%	11.49%	2.35%	-1.16%	48.28%	70.59%	-72.80%
Operating Cash Flow Q/Q Growth	-97.30%	66.94%	-43.64%	768.94%	-87.07%	25.55%	90.35%	289.52%	-126.91%	105.81%	-31.34%
Free Cash Flow Firm Q/Q Growth	-8.86%	256.31%	132.18%	42.29%	13.88%	7.45%	-144.89%	-26.05%	-6.09%	-328.56%	84.81%
Invested Capital Q/Q Growth	4.34%	-6.45%	-0.19%	-4.14%	2.92%	0.81%	12.61%	1.62%	6.85%	2.43%	0.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.41%	31.48%	30.29%	33.85%	34.69%	37.04%	36.23%	37.47%	36.91%	36.12%	38.57%
EBITDA Margin	16.82%	17.71%	14.82%	17.96%	20.51%	20.08%	21.16%	24.79%	21.69%	37.34%	10.93%
Operating Margin	9.79%	8.47%	8.44%	12.92%	12.44%	12.91%	14.25%	16.60%	15.07%	14.10%	20.59%
EBIT Margin	9.45%	9.94%	7.34%	11.22%	13.39%	13.30%	14.23%	18.24%	15.24%	30.97%	4.39%
Profit (Net Income) Margin	6.01%	6.19%	6.11%	7.45%	8.73%	9.44%	9.66%	9.79%	10.07%	6.79%	4.15%
Tax Burden Percent	73.43%	71.99%	93.43%	72.07%	70.83%	77.36%	74.68%	57.19%	71.83%	58.02%	141.66%
Interest Burden Percent	86.60%	86.43%	89.00%	92.08%	92.09%	91.75%	90.87%	93.79%	91.98%	37.77%	66.82%
Effective Tax Rate	26.57%	28.01%	6.57%	27.93%	29.17%	22.64%	25.32%	42.81%	28.17%	41.98%	-41.66%
Return on Invested Capital (ROIC)	6.96%	6.25%	8.08%	9.97%	8.86%	10.12%	10.43%	9.75%	11.09%	8.73%	30.33%
ROIC Less NNEP Spread (ROIC-NNEP)	5.85%	6.35%	6.17%	7.19%	8.76%	9.30%	9.30%	10.21%	9.76%	4.88%	-25.30%
Return on Net Nonoperating Assets (RNNOA)	1.90%	1.61%	1.78%	1.70%	2.34%	2.18%	2.61%	2.06%	1.70%	0.55%	-3.49%
Return on Equity (ROE)	8.87%	7.86%	9.86%	11.67%	11.20%	12.30%	13.04%	11.81%	12.79%	9.27%	26.84%
Cash Return on Invested Capital (CROIC)	14.24%	16.43%	9.94%	-0.97%	-7.40%	-10.53%	-12.83%	0.31%	3.22%	4.45%	9.78%
Operating Return on Assets (OROA)	6.54%	7.02%	5.25%	8.11%	9.14%	8.78%	9.26%	11.79%	9.86%	20.04%	2.84%
Return on Assets (ROA)	4.16%	4.37%	4.37%	5.38%	5.96%	6.23%	6.28%	6.32%	6.51%	4.39%	2.69%
Return on Common Equity (ROCE)	8.81%	7.81%	9.80%	11.60%	11.14%	12.23%	12.96%	11.75%	12.72%	9.23%	26.72%
Return on Equity Simple (ROE_SIMPLE)	8.67%	0.00%	10.18%	11.35%	11.57%	0.00%	10.86%	9.11%	10.70%	0.00%	13.12%
Net Operating Profit after Tax (NOPAT)	21	17	24	31	28	32	30	26	29	22	76
NOPAT Margin	7.19%	6.10%	7.88%	9.31%	8.81%	9.99%	10.65%	9.49%	10.82%	8.18%	29.17%
Net Nonoperating Expense Percent (NNEP)	1.12%	-0.10%	1.91%	2.78%	0.10%	0.83%	1.13%	-0.46%	1.33%	3.85%	55.63%
Return On Investment Capital (ROIC_SIMPLE)	1.57%	1.38%	-	-	-	2.27%	-	-	-	1.68%	-
Cost of Revenue to Revenue	66.59%	68.52%	69.71%	66.15%	65.31%	62.96%	63.77%	62.53%	63.09%	63.88%	61.43%
SG&A Expenses to Revenue	18.63%	16.88%	17.46%	16.72%	17.50%	20.92%	18.49%	17.06%	18.02%	18.37%	14.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	4.04%	0.00%	0.00%	0.00%	3.82%	0.00%	0.00%
Operating Expenses to Revenue	23.63%	23.01%	21.86%	20.93%	22.25%	24.13%	21.97%	20.87%	21.84%	22.02%	17.98%
Earnings before Interest and Taxes (EBIT)	27	29	22	37	42	43	40	50	41	83	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	51	44	60	64	65	59	68	58	100	28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.37	2.65	2.80	2.72	3.01	3.15	2.91	3.16	3.07	3.47	2.95
Price to Tangible Book Value (P/TBV)	3.12	3.43	3.60	3.52	3.90	4.11	3.84	4.12	4.03	4.60	3.95
Price to Revenue (P/Rev)	1.77	2.03	2.19	2.11	2.44	2.64	2.43	2.68	2.59	2.90	2.39
Price to Earnings (P/E)	27.46	28.57	27.61	24.07	26.08	27.25	26.94	34.93	28.87	31.29	22.63
Dividend Yield	1.54%	1.31%	1.17%	1.22%	1.09%	1.04%	1.17%	1.04%	1.04%	0.91%	1.09%
Earnings Yield	3.64%	3.50%	3.62%	4.15%	3.83%	3.67%	3.71%	2.86%	3.46%	3.20%	4.42%
Enterprise Value to Invested Capital (EV/IC)	2.03	2.35	2.45	2.35	2.51	2.65	2.41	2.79	2.70	3.10	2.60
Enterprise Value to Revenue (EV/Rev)	2.02	2.20	2.38	2.32	2.71	2.89	2.73	2.86	2.77	3.04	2.56
Enterprise Value to EBITDA (EV/EBITDA)	11.98	12.39	12.92	11.68	12.58	13.23	10.44	12.03	11.19	11.92	11.43
Enterprise Value to EBIT (EV/EBIT)	21.19	20.92	20.90	17.88	18.45	19.06	13.94	16.53	15.16	16.14	16.66
Enterprise Value to NOPAT (EV/NOPAT)	26.41	27.45	26.48	24.01	28.00	28.41	27.95	25.76	21.93	23.78	18.26
Enterprise Value to Operating Cash Flow (EV/OCF)	11.55	12.41	14.06	12.82	18.55	22.41	22.18	29.18	25.01	24.55	18.92
Enterprise Value to Free Cash Flow (EV/FCFF)	13.74	13.74	24.52	0.00	0.00	0.00	0.00	946.00	88.12	72.92	27.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.34	0.36	0.39	0.45	0.47	0.53	0.53	0.55	0.51	0.55
Long-Term Debt to Equity	0.46	0.34	0.36	0.38	0.45	0.47	0.50	0.53	0.55	0.51	0.55
Financial Leverage	0.33	0.25	0.29	0.24	0.27	0.23	0.28	0.20	0.17	0.11	0.14
Leverage Ratio	1.86	1.82	1.85	1.83	1.87	1.90	1.93	1.91	1.86	1.83	1.83
Compound Leverage Factor	1.61	1.57	1.64	1.69	1.72	1.74	1.75	1.79	1.71	0.69	1.22
Debt to Total Capital	31.51%	25.13%	26.65%	27.92%	31.08%	32.08%	34.74%	34.72%	35.36%	33.60%	35.28%
Short-Term Debt to Total Capital	0.00%	0.00%	0.04%	0.20%	0.31%	0.30%	1.93%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.51%	25.13%	26.61%	27.72%	30.77%	31.78%	32.81%	34.72%	35.36%	33.60%	35.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.39%	0.43%	0.42%	0.43%	0.43%	0.42%	0.48%	0.38%	0.36%	0.34%	0.33%
Common Equity to Total Capital	68.09%	74.44%	72.93%	71.65%	68.48%	67.50%	64.78%	64.90%	64.28%	66.05%	64.39%
Debt to EBITDA	2.05	1.45	1.55	1.52	1.71	1.82	1.71	1.91	1.87	1.66	1.98
Net Debt to EBITDA	1.46	0.93	1.01	1.05	1.22	1.13	1.12	0.73	0.71	0.56	0.76
Long-Term Debt to EBITDA	2.05	1.45	1.55	1.51	1.69	1.81	1.62	1.91	1.87	1.66	1.98
Debt to NOPAT	4.52	3.22	3.18	3.12	3.81	3.91	4.59	4.09	3.67	3.32	3.17
Net Debt to NOPAT	3.22	2.06	2.07	2.16	2.72	2.43	2.99	1.56	1.40	1.11	1.21
Long-Term Debt to NOPAT	4.52	3.22	3.18	3.10	3.77	3.88	4.34	4.09	3.67	3.32	3.17
Altman Z-Score	3.69	4.22	4.21	4.05	4.08	3.98	3.71	4.21	4.05	4.37	3.88
Noncontrolling Interest Sharing Ratio	0.60%	0.60%	0.65%	0.59%	0.59%	0.57%	0.63%	0.54%	0.51%	0.47%	0.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.70	3.23	3.68	3.59	3.99	3.53	3.53	4.99	4.82	3.97	4.27
Quick Ratio	1.88	1.60	1.83	1.76	2.03	1.85	1.82	3.00	2.82	2.33	2.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	106	116	33	-101	-175	-204	-220	-90	-71	-67	29
Operating Cash Flow to CapEx	13.59%	429.43%	305.86%	422.09%	35.73%	213.90%	423.89%	166.82%	-100.73%	142.55%	193.56%
Free Cash Flow to Firm to Interest Expense	0.00	14.63	13.51	-34.32	-52.85	-20.13	-60.25	-28.93	-21.67	-1.21	7.75
Operating Cash Flow to Interest Expense	0.00	9.89	19.49	28.27	2.89	7.34	16.19	10.00	-4.98	1.09	7.80
Operating Cash Flow Less CapEx to Interest Expense	0.00	7.59	13.12	21.57	-5.20	3.91	12.37	4.01	-9.93	0.33	3.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.71	0.72	0.72	0.68	0.66	0.65	0.65	0.65	0.65	0.65
Accounts Receivable Turnover	4.17	4.61	4.67	4.79	4.57	4.71	4.66	4.86	5.00	5.28	5.06
Inventory Turnover	4.99	5.26	4.89	5.16	4.75	4.69	4.40	4.72	4.77	5.02	4.90
Fixed Asset Turnover	2.09	2.11	2.20	2.42	2.29	2.19	2.24	2.46	2.40	2.35	2.40
Accounts Payable Turnover	9.97	10.82	11.30	10.73	9.67	9.24	10.22	9.88	9.41	9.30	10.31
Days Sales Outstanding (DSO)	87.46	79.26	78.12	76.24	79.84	77.55	78.36	75.15	72.94	69.13	72.20
Days Inventory Outstanding (DIO)	73.11	69.45	74.58	70.76	76.89	77.77	83.01	77.30	76.50	72.69	74.50
Days Payable Outstanding (DPO)	36.61	33.73	32.30	34.01	37.75	39.52	35.72	36.95	38.78	39.23	35.41
Cash Conversion Cycle (CCC)	123.96	114.98	120.39	112.99	118.98	115.81	125.65	115.50	110.66	102.59	111.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,202	1,152	1,232	1,234	1,287	1,251	1,241	1,102	1,084	1,015	991
Invested Capital Turnover	0.97	1.02	1.03	1.07	1.01	1.01	0.98	1.03	1.02	1.07	1.04
Increase / (Decrease) in Invested Capital	-85	-99	-9.06	132	203	236	250	116	100	89	47
Enterprise Value (EV)	2,436	2,712	3,013	2,901	3,228	3,318	2,988	3,069	2,932	3,148	2,579
Market Capitalization	2,133	2,503	2,772	2,635	2,909	3,028	2,662	2,878	2,740	2,996	2,404
Book Value per Share	$29.12	$30.14	$31.76	$31.01	$31.00	$30.81	$29.32	$29.18	$28.70	$27.75	$26.24
Tangible Book Value per Share	$22.12	$23.29	$24.65	$23.97	$23.90	$23.61	$22.20	$22.41	$21.88	$20.93	$19.58
Total Capital	1,322	1,267	1,359	1,350	1,413	1,424	1,412	1,403	1,389	1,307	1,267
Total Debt	416	319	362	377	439	457	491	487	491	439	447
Total Long-Term Debt	416	319	362	374	435	453	463	487	491	439	447
Net Debt	297	203	235	261	314	283	319	186	187	147	171
Capital Expenditures (CapEx)	16	18	15	20	27	35	14	19	16	43	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	441	389	459	468	512	460	469	422	401	335	343
Debt-free Net Working Capital (DFNWC)	560	504	586	585	638	634	641	723	705	627	619
Net Working Capital (NWC)	560	504	586	582	633	629	614	723	705	627	619
Net Nonoperating Expense (NNE)	3.41	-0.25	5.30	6.20	0.24	1.78	2.77	-0.80	2.04	3.75	65
Net Nonoperating Obligations (NNO)	297	203	235	261	314	283	319	186	187	147	171
Total Depreciation and Amortization (D&A)	21	22	22	22	22	22	19	18	17	17	17
Debt-free, Cash-free Net Working Capital to Revenue	36.57%	31.61%	36.21%	37.45%	42.97%	40.08%	42.93%	39.32%	37.79%	32.40%	34.06%
Debt-free Net Working Capital to Revenue	46.47%	40.98%	46.25%	46.76%	53.49%	55.19%	58.62%	67.38%	66.50%	60.60%	61.55%
Net Working Capital to Revenue	46.47%	40.98%	46.21%	46.54%	53.11%	54.82%	56.13%	67.38%	66.50%	60.60%	61.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.57	$0.58	$0.79	$0.87	$0.97	$0.87	$0.86	$0.86	$0.60	$0.34
Adjusted Weighted Average Basic Shares Outstanding	30.82M	31.23M	31.25M	31.24M	31.21M	31.17M	31.19M	31.17M	31.13M	31.34M	31.11M
Adjusted Diluted Earnings per Share	$0.56	$0.57	$0.57	$0.79	$0.87	$0.97	$0.87	$0.85	$0.86	$0.58	$0.34
Adjusted Weighted Average Diluted Shares Outstanding	30.98M	31.34M	31.37M	31.34M	31.29M	31.28M	31.28M	31.27M	31.22M	31.46M	31.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.20M	30.90M	31.30M	31.20M	31.20M	31.20M	31.20M	31.20M	31.20M	31.10M	31.10M
Normalized Net Operating Profit after Tax (NOPAT)	23	22	26	32	29	32	30	26	29	22	38
Normalized NOPAT Margin	7.83%	7.82%	8.59%	9.77%	9.31%	10.00%	10.67%	9.52%	10.83%	8.15%	14.42%
Pre Tax Income Margin	8.18%	8.59%	6.54%	10.33%	12.33%	12.20%	12.94%	17.11%	14.01%	11.70%	2.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	3.59	9.09	12.63	12.64	4.25	10.95	16.10	12.46	1.50	3.01
NOPAT to Interest Expense	0.00	2.21	9.75	10.48	8.32	3.19	8.19	8.38	8.85	0.40	20.03
EBIT Less CapEx to Interest Expense	0.00	1.29	2.72	5.93	4.55	0.82	7.13	10.11	7.51	0.73	-1.02
NOPAT Less CapEx to Interest Expense	0.00	-0.10	3.38	3.79	0.23	-0.24	4.37	2.38	3.91	-0.37	16.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.04%	36.89%	31.88%	28.99%	28.15%	27.92%	30.11%	34.51%	28.79%	27.42%	24.67%
Augmented Payout Ratio	148.82%	52.99%	31.88%	28.99%	28.15%	27.92%	30.11%	34.51%	28.79%	115.27%	125.78%

Frequently Asked Questions About Albany International's Financials

When does Albany International's fiscal year end?

According to the most recent income statement we have on file, Albany International's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Albany International's net income changed over the last 2 years?

Albany International's net income appears to be on a downward trend, with a most recent value of $88.06 million in 2024, falling from $96.51 million in 2022. The previous period was $111.61 million in 2023. View Albany International's forecast to see where analysts expect Albany International to go next.

What is Albany International's operating income?

Albany International's total operating income in 2024 was $131.36 million, based on the following breakdown:

Total Gross Profit: $401.78 million
Total Operating Expenses: $270.42 million

How has Albany International revenue changed over the last 2 years?

Over the last 2 years, Albany International's total revenue changed from $1.03 billion in 2022 to $1.23 billion in 2024, a change of 18.9%.

How much debt does Albany International have?

Albany International's total liabilities were at $699.75 million at the end of 2024, a 19.4% decrease from 2023, and a 9.7% decrease since 2022.

How much cash does Albany International have?

In the past 2 years, Albany International's cash and equivalents has ranged from $115.28 million in 2024 to $291.78 million in 2022, and is currently $115.28 million as of their latest financial filing in 2024.

How has Albany International's book value per share changed over the last 2 years?

Over the last 2 years, Albany International's book value per share changed from 27.75 in 2022 to 30.14 in 2024, a change of 8.6%.

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This page (NYSE:AIN) was last updated on 5/23/2025 by MarketBeat.com Staff

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Albany International (AIN) Financials

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