Albany International Corporation (AIN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 159,966 | 131,234 | 165,641 | 140,420 | 177,227 |
| Revenue | US$ in thousands | 1,126,480 | 1,027,600 | 913,291 | 868,834 | 1,054,130 |
| Pretax margin | 14.20% | 12.77% | 18.14% | 16.16% | 16.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $159,966K ÷ $1,126,480K
= 14.20%
Albany International Corp.'s pre-tax margin has shown variability over the past five years. In 2023, the pre-tax margin increased to 13.98% from 12.75% in 2022, indicating a positive trend in profitability. However, this figure is lower compared to 17.86% in 2021 and 16.91% in 2019. This fluctuation suggests that the company's ability to generate profit before taxes has not been consistent year-over-year. Further analysis is needed to determine the factors contributing to these fluctuations and to assess the overall financial performance of Albany International Corp.