Albany International Corporation (AIN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 423,718 | 389,782 | 378,391 | 371,072 | 397,701 |
| Revenue | US$ in thousands | 1,126,480 | 1,027,600 | 913,291 | 868,834 | 1,054,130 |
| Gross profit margin | 37.61% | 37.93% | 41.43% | 42.71% | 37.73% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $423,718K ÷ $1,126,480K
= 37.61%
Albany International Corp.'s gross profit margin has shown some fluctuation over the past five years. The margins ranged from a high of 41.20% in 2020 to a low of 36.91% in 2023. In general, the trend indicates a slight decrease in gross profit margin over the period analyzed. This decline could indicate several factors such as increased production costs, pricing pressures, or changes in product mix. It would be essential for the company to further investigate the reasons behind these fluctuations to address any potential challenges affecting its profitability.