Albany International Corporation (AIN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 131,359 | 172,357 | 181,022 | 178,011 | 166,080 |
| Revenue | US$ in thousands | 1,230,620 | 1,147,910 | 1,034,890 | 929,240 | 900,610 |
| Operating profit margin | 10.67% | 15.01% | 17.49% | 19.16% | 18.44% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $131,359K ÷ $1,230,620K
= 10.67%
Albany International Corporation's operating profit margin has shown variations over the past five years. As of December 31, 2020, the operating profit margin stood at 18.44%, indicating that the company generated $0.1844 in operating profit for every dollar of revenue. Subsequently, the margin increased to 19.16% by December 31, 2021, showcasing improved operational efficiency.
However, there was a decline in the operating profit margin in the following years. By December 31, 2022, the margin dropped to 17.49%, suggesting a slight decrease in profitability. This downward trend continued as of December 31, 2023, with the operating profit margin falling further to 15.01%.
The most significant decline occurred by December 31, 2024, with the operating profit margin plummeting to 10.67%. This substantial decrease indicates challenges faced by the company in maintaining profitability and controlling operating expenses during the stated period.
Overall, the fluctuating operating profit margin of Albany International Corporation reflects the company's evolving financial performance, affected by various internal and external factors impacting its operational efficiency and profitability over the years.