Albany International Corporation (AIN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 111,120 | 95,762 | 118,478 | 98,589 | 132,398 |
| Revenue | US$ in thousands | 1,126,480 | 1,027,600 | 913,291 | 868,834 | 1,054,130 |
| Net profit margin | 9.86% | 9.32% | 12.97% | 11.35% | 12.56% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $111,120K ÷ $1,126,480K
= 9.86%
The net profit margin of Albany International Corp. has exhibited some fluctuations over the past five years, ranging from 9.25% in 2022 to 12.75% in 2021. The ratio indicates the company's ability to generate profit relative to its total revenue, with a higher percentage implying greater profitability. In 2023, the net profit margin slightly increased to 9.68% compared to the previous year but remained lower than the levels recorded in 2021 and 2019. Overall, while the company has generally maintained a healthy level of profitability, there have been variations in its net profit margin performance over the period under review.