Albany International Corporation (AIN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 167,894 | 181,022 | 178,011 | 166,080 | 193,576 |
| Revenue | US$ in thousands | 1,126,480 | 1,027,600 | 913,291 | 868,834 | 1,054,130 |
| Operating profit margin | 14.90% | 17.62% | 19.49% | 19.12% | 18.36% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $167,894K ÷ $1,126,480K
= 14.90%
Albany International Corp.'s operating profit margin has exhibited a downward trend over the past five years. The company's operating profit margin decreased from 18.64% in 2019 to 14.65% in 2023. This trend indicates a decline in the company's ability to generate operating profit from its revenues over this period. Factors such as changes in costs, pricing strategies, and operational efficiency may have contributed to this decline. Further analysis would be necessary to identify the specific reasons for this trend and determine appropriate strategies for improvement.