Albany International Corporation (AIN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 401,776 | 417,366 | 389,782 | 378,391 | 371,072 |
| Revenue | US$ in thousands | 1,230,620 | 1,147,910 | 1,034,890 | 929,240 | 900,610 |
| Gross profit margin | 32.65% | 36.36% | 37.66% | 40.72% | 41.20% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $401,776K ÷ $1,230,620K
= 32.65%
Albany International Corporation's gross profit margin has shown a gradual decline over the past five years. Starting at 41.20% in 2020, the margin decreased slightly to 40.72% in 2021 before experiencing more significant drops in subsequent years. By December 31, 2024, the gross profit margin had fallen to 32.65%.
This downward trend in the gross profit margin may indicate challenges in managing the cost of goods sold relative to revenue generation. A decreasing gross profit margin could suggest pricing pressures, increasing production costs, or inefficient operations impacting profitability.
Albany International Corporation should closely monitor and address the factors contributing to this decline to maintain sustainable profitability levels and ensure long-term financial health. Management may need to focus on cost control measures, pricing strategies, and operational efficiencies to improve the gross profit margin and overall profitability going forward.