Albany International Corporation (AIN)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 87,623 | 111,120 | 95,762 | 118,478 | 98,589 |
| Total stockholders’ equity | US$ in thousands | 943,538 | 961,368 | 863,049 | 873,967 | 816,066 |
| ROE | 9.29% | 11.56% | 11.10% | 13.56% | 12.08% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $87,623K ÷ $943,538K
= 9.29%
Albany International Corporation's return on equity (ROE) has shown some fluctuation over the past five years. In 2020, the ROE was 12.08%, which increased to 13.56% in 2021, indicating an improvement in the company's ability to generate profit from shareholders' equity. However, in 2022, the ROE decreased to 11.10%, followed by a slight increase to 11.56% in 2023. In the most recent year, 2024, the ROE declined further to 9.29%.
The trend in ROE suggests that while the company initially improved its profitability in 2021, it has since experienced challenges in maintaining or increasing its return on equity. It is essential for Albany International Corporation to analyze the factors contributing to the decline in ROE in 2022 and 2024 to address any underlying issues and work towards improving financial performance and shareholder value in the future.