Albany International Corporation (AIN)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 117,089 | 160,456 | 131,980 | 165,931 | 139,074 |
| Revenue | US$ in thousands | 1,230,620 | 1,147,910 | 1,034,890 | 929,240 | 900,610 |
| Pretax margin | 9.51% | 13.98% | 12.75% | 17.86% | 15.44% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $117,089K ÷ $1,230,620K
= 9.51%
Albany International Corporation's pretax margin has shown fluctuations over the years.
- In 2020, the pretax margin was 15.44%, indicating that the company generated $0.1544 in pretax profit for every dollar of revenue before taxes.
- The pretax margin improved in 2021 to 17.86%, suggesting effective cost management or revenue growth strategies.
- However, there was a decrease in 2022 to 12.75%, which could be a result of increased expenses or a decline in revenue.
- The pretax margin slightly increased in 2023 to 13.98%, but remained below the 2021 level.
- By 2024, the pretax margin dropped significantly to 9.51%, signaling potential challenges in profitability.
Overall, the trend in Albany International Corporation's pretax margin demonstrates both periods of strength and weakness, indicating the need for the company to focus on improving operational efficiency and profitability to sustain its financial performance.