Albany International Corporation (AIN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 87,623 | 111,120 | 95,762 | 118,478 | 98,589 |
| Revenue | US$ in thousands | 1,230,620 | 1,147,910 | 1,034,890 | 929,240 | 900,610 |
| Net profit margin | 7.12% | 9.68% | 9.25% | 12.75% | 10.95% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $87,623K ÷ $1,230,620K
= 7.12%
Albany International Corporation's net profit margin has shown fluctuations over the past five years, indicating varying levels of profitability. The net profit margin increased from 10.95% in 2020 to 12.75% in 2021, reflecting improved profitability. However, there was a decline in 2022 to 9.25%, which may raise concerns about the company's ability to maintain its profit margin.
In 2023, the net profit margin slightly improved to 9.68%, suggesting some recovery in profitability. However, there was a significant drop in 2024 to 7.12%, signaling a notable decrease in the company's profitability.
Overall, the decreasing trend in the net profit margin from 2021 to 2024 may indicate challenges in managing costs, generating revenues, or both. It is essential for Albany International Corporation to closely monitor its expenses and revenue streams to improve and stabilize its profitability in the future.