Albany International Corporation (AIN)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 111,120 | 98,800 | 82,385 | 94,914 | 95,762 | 106,268 | 126,436 | 118,632 | 118,477 | 117,378 | 116,105 | 117,062 | 98,589 | 100,152 | 110,572 | 112,272 | 132,353 | 120,853 | 108,544 | 104,390 |
| Revenue (ttm) | US$ in thousands | 1,127,205 | 1,085,916 | 1,071,101 | 1,052,195 | 1,027,602 | 996,333 | 962,423 | 937,136 | 913,292 | 900,890 | 882,355 | 873,190 | 889,853 | 925,016 | 986,423 | 1,038,464 | 1,054,073 | 1,047,973 | 1,028,773 | 1,010,273 |
| Net profit margin | 9.86% | 9.10% | 7.69% | 9.02% | 9.32% | 10.67% | 13.14% | 12.66% | 12.97% | 13.03% | 13.16% | 13.41% | 11.08% | 10.83% | 11.21% | 10.81% | 12.56% | 11.53% | 10.55% | 10.33% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $111,120K ÷ $1,127,205K
= 9.86%
Albany International Corp.'s net profit margin has exhibited some variability over the eight quarters presented. In Q4 2023, the net profit margin stood at 9.68%, reflecting a slight increase from the preceding quarter. Comparing to the same period a year prior, the net profit margin decreased from 9.25%. Looking back over the past eight quarters, the net profit margin has generally demonstrated a downward trend, with fluctuations observed between quarters. It reached its peak in Q2 2022 at 12.93% and has since experienced a gradual decline. The company's ability to convert revenue into profit has shown some inconsistency, warranting further examination of its cost structure and revenue generation strategies to improve profitability in the future.