Albany International Corporation (AIN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 401,776 | 431,314 | 442,765 | 433,086 | 423,718 | 400,949 | 399,607 | 397,496 | 389,782 | 388,765 | 380,314 | 381,449 | 378,391 | 373,634 | 368,894 | 370,146 | 371,072 | 376,395 | 393,200 | 395,402 |
| Revenue (ttm) | US$ in thousands | 1,230,615 | 1,267,294 | 1,250,014 | 1,192,143 | 1,147,909 | 1,093,111 | 1,072,568 | 1,059,814 | 1,034,887 | 1,006,019 | 977,898 | 951,048 | 929,241 | 916,180 | 895,737 | 887,208 | 900,610 | 931,431 | 990,565 | 1,038,524 |
| Gross profit margin | 32.65% | 34.03% | 35.42% | 36.33% | 36.91% | 36.68% | 37.26% | 37.51% | 37.66% | 38.64% | 38.89% | 40.11% | 40.72% | 40.78% | 41.18% | 41.72% | 41.20% | 40.41% | 39.69% | 38.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $401,776K ÷ $1,230,615K
= 32.65%
Albany International Corporation's gross profit margin has exhibited a general downward trend over the reported periods from March 31, 2020, to December 31, 2024. The trend started at a relatively high level of 38.07% in March 2020 and experienced fluctuations before declining consistently to 32.65% by December 31, 2024. This decline could indicate increasing costs of goods sold relative to revenues, which may have implications for the company's operational efficiency and profitability.
It is important to note that a declining gross profit margin may suggest challenges in managing production costs, pricing strategies, or competitive pressures in the industry. Further analysis of the factors affecting the cost of goods sold and revenue generation for Albany International Corporation would be necessary to understand the underlying reasons for the observed trend in gross profit margin. Moreover, monitoring the company's efforts to address these issues and improve operational performance could be crucial for its financial health and sustainability in the long term.