Albany International (AIN) Financials

$65.15 -0.02 (-0.03%)

Closing price 03:59 PM Eastern

Extended Trading

$65.11 -0.04 (-0.06%)

As of 04:20 PM Eastern

Annual Income Statements for Albany International

This table shows Albany International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	96	111	88
Consolidated Net Income / (Loss)	97	112	88
Net Income / (Loss) Continuing Operations	97	112	88
Total Pre-Tax Income	132	160	117
Total Operating Income	181	168	131
Total Gross Profit	390	424	402
Total Revenue	1,035	1,148	1,231
Operating Revenue	1,035	1,148	1,231
Total Cost of Revenue	645	724	829
Operating Cost of Revenue	645	724	829
Total Operating Expenses	209	256	270
Selling, General & Admin Expense	169	215	211
Research & Development Expense	40	-	46
Restructuring Charge	0.11	0.28	13
Total Other Income / (Expense), net	-49	-7.44	-14
Interest Expense	67	20	17
Interest & Investment Income	3.84	6.57	4.06
Other Income / (Expense), net	14	6.16	-1.72
Income Tax Expense	35	49	29
Net Income / (Loss) Attributable to Noncontrolling Interest	0.75	0.49	0.43
Basic Earnings per Share	$3.06	$3.56	$2.81
Weighted Average Basic Shares Outstanding	31.34M	31.17M	31.23M
Diluted Earnings per Share	$3.04	$3.55	$2.80
Weighted Average Diluted Shares Outstanding	31.46M	31.28M	31.34M
Weighted Average Basic & Diluted Shares Outstanding	31.10M	31.20M	30.90M
Cash Dividends to Common per Share	$0.88	$1.01	$1.05

This table shows Albany International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	11	18	27	27	27	30	27	25	18	18
Consolidated Net Income / (Loss)	11	18	27	27	27	31	27	25	18	18
Net Income / (Loss) Continuing Operations	11	18	27	27	27	31	27	25	18	18
Total Pre-Tax Income	7.64	31	38	47	36	39	39	34	20	25
Total Operating Income	54	38	41	46	40	42	39	43	25	24
Total Gross Profit	100	97	99	103	102	120	109	112	90	90
Total Revenue	261	269	269	274	281	324	313	332	298	287
Operating Revenue	261	269	269	274	281	324	313	332	298	287
Total Cost of Revenue	160	172	170	171	179	204	205	220	208	197
Operating Cost of Revenue	160	172	170	171	179	204	205	220	208	197
Total Operating Expenses	47	59	59	57	62	78	70	69	65	66
Selling, General & Admin Expense	37	49	48	47	52	68	55	56	52	48
Restructuring Charge	0.04	-0.16	0.02	0.13	0.08	0.06	2.21	2.10	2.27	6.85
Total Other Income / (Expense), net	-46	-6.47	-2.84	1.41	-3.71	-2.30	-0.34	-8.61	-5.67	0.34
Interest Expense	3.79	56	3.29	3.11	3.65	10	3.32	2.95	2.41	7.93
Other Income / (Expense), net	-42	45	0.46	4.51	-0.06	1.25	2.98	-5.66	-3.26	4.21
Income Tax Expense	-3.18	13	11	20	9.21	8.94	11	9.58	1.28	6.90
Net Income / (Loss) Attributable to Noncontrolling Interest	0.13	0.11	0.20	0.15	0.05	0.09	0.08	0.10	0.19	0.07
Basic Earnings per Share	$0.34	$0.60	$0.86	$0.86	$0.87	$0.97	$0.87	$0.79	$0.58	$0.57
Weighted Average Basic Shares Outstanding	31.11M	31.34M	31.13M	31.17M	31.19M	31.17M	31.21M	31.24M	31.25M	31.23M
Diluted Earnings per Share	$0.34	$0.58	$0.86	$0.85	$0.87	$0.97	$0.87	$0.79	$0.57	$0.57
Weighted Average Diluted Shares Outstanding	31.22M	31.46M	31.22M	31.27M	31.28M	31.28M	31.29M	31.34M	31.37M	31.34M
Weighted Average Basic & Diluted Shares Outstanding	31.10M	31.10M	31.20M	31.20M	31.20M	31.20M	31.20M	31.20M	31.30M	30.90M
Cash Dividends to Common per Share	$0.21	$0.25	$0.25	$0.25	$0.25	$0.26	$0.26	$0.26	$0.26	$0.27

This table details how cash moves in and out of Albany International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-10	-118	-58
Net Cash From Operating Activities	128	148	218
Net Cash From Continuing Operating Activities	128	148	218
Net Income / (Loss) Continuing Operations	97	112	88
Consolidated Net Income / (Loss)	97	112	88
Depreciation Expense	62	70	82
Amortization Expense	6.57	6.36	6.84
Non-Cash Adjustments To Reconcile Net Income	14	-24	19
Changes in Operating Assets and Liabilities, net	-51	-16	22
Net Cash From Investing Activities	-96	-218	-80
Net Cash From Continuing Investing Activities	-96	-218	-80
Purchase of Property, Plant & Equipment	-94	-84	-80
Acquisitions	-2.67	-134	-0.96
Sale of Property, Plant & Equipment	0.00	0.00	1.03
Net Cash From Financing Activities	-24	-53	-184
Net Cash From Continuing Financing Activities	-24	-53	-184
Repayment of Debt	-73	-96	-280
Repurchase of Common Equity	-85	0.00	-14
Payment of Dividends	-26	-31	-32
Issuance of Debt	162	78	146
Other Financing Activities, net	-1.41	-3.14	-2.93
Effect of Exchange Rate Changes	-18	4.13	-13

This table details how cash moves in and out of Albany International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-44	15	12	-3.34	-129	1.91	-48	-8.97	11	-12
Net Cash From Operating Activities	30	61	-16	31	59	74	9.60	83	47	78
Net Cash From Continuing Operating Activities	30	61	-16	31	59	74	9.60	83	47	78
Net Income / (Loss) Continuing Operations	11	18	27	27	27	31	27	25	18	18
Consolidated Net Income / (Loss)	11	18	27	27	27	31	27	25	18	18
Depreciation Expense	16	16	16	16	18	20	21	21	21	21
Amortization Expense	1.45	1.53	1.50	1.52	1.60	1.75	1.75	1.70	1.74	1.65
Non-Cash Adjustments To Reconcile Net Income	23	8.02	-5.01	12	-20	-11	3.77	-7.87	-2.15	25
Changes in Operating Assets and Liabilities, net	-21	18	-56	-26	32	33	-44	44	8.62	13
Net Cash From Investing Activities	-17	-44	-16	-19	-148	-35	-27	-19	-15	-19
Net Cash From Continuing Investing Activities	-17	-44	-16	-19	-148	-35	-27	-19	-15	-19
Purchase of Property, Plant & Equipment	-15	-43	-16	-19	-14	-35	-27	-20	-15	-18
Acquisitions	-1.52	-0.79	0.00	-0.07	-134	-0.59	-0.02	-0.02	-0.06	-0.86
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	0.00	-0.01
Net Cash From Financing Activities	-45	-15	41	-12	-40	-42	-28	-70	-24	-62
Net Cash From Continuing Financing Activities	-45	-15	41	-12	-40	-42	-28	-70	-24	-62
Repayment of Debt	-48	-25	-6.00	-7.00	-43	-41	-61	-62	-20	-137
Payment of Dividends	-6.53	-6.53	-7.78	-7.79	-7.80	-7.80	-8.11	-8.12	-8.12	-8.13
Issuance of Debt	10	17	58	3.00	10	6.79	43	0.05	4.82	97
Other Financing Activities, net	0.01	-	-3.14	-	-	-	-2.45	-	-0.39	-0.10
Effect of Exchange Rate Changes	-13	12	4.06	-3.92	-0.79	4.78	-2.66	-3.46	2.76	-9.21

This table presents Albany International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,642	1,835	1,649
Total Current Assets	838	878	731
Cash & Equivalents	292	173	115
Accounts Receivable	200	288	247
Inventories, net	139	170	146
Prepaid Expenses	51	54	37
Current Deferred & Refundable Income Taxes	7.94	11	19
Other Current Assets	149	182	167
Plant, Property, & Equipment, net	446	602	563
Total Noncurrent Assets	358	355	355
Noncurrent Note & Lease Receivables	28	4.39	0.00
Goodwill	178	180	176
Intangible Assets	34	45	38
Noncurrent Deferred & Refundable Income Taxes	15	23	29
Other Noncurrent Operating Assets	103	103	111
Total Liabilities & Shareholders' Equity	1,642	1,835	1,649
Total Liabilities	775	868	700
Total Current Liabilities	211	249	226
Short-Term Debt	0.00	4.22	0.00
Accounts Payable	70	87	66
Accrued Expenses	126	143	142
Current Deferred & Payable Income Tax Liabilities	15	14	18
Total Noncurrent Liabilities	563	619	473
Long-Term Debt	439	453	319
Noncurrent Deferred & Payable Income Tax Liabilities	16	27	16
Other Noncurrent Operating Liabilities	109	139	139
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	868	967	949
Total Preferred & Common Equity	863	961	944
Preferred Stock	0.00	0.00	0.00
Total Common Equity	863	961	943
Common Stock	442	448	453
Retained Earnings	931	1,011	1,066
Treasury Stock	-365	-365	-379
Accumulated Other Comprehensive Income / (Loss)	-163	-142	-196
Other Equity Adjustments	18	9.08	-0.11
Noncontrolling Interest	4.49	5.95	5.41

This table presents Albany International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,572	1,696	1,707	1,790	1,798	1,752	1,753
Total Current Assets	809	889	904	856	845	806	804
Cash & Equivalents	276	304	301	172	125	116	127
Accounts Receivable	199	216	242	270	305	280	272
Inventories, net	134	154	151	181	166	162	161
Prepaid Expenses	47	53	56	61	57	49	40
Current Deferred & Refundable Income Taxes	4.06	8.71	8.47	6.40	12	9.99	8.32
Other Current Assets	149	154	145	166	179	189	196
Plant, Property, & Equipment, net	411	450	452	567	590	582	583
Total Noncurrent Assets	352	356	351	367	363	363	365
Noncurrent Note & Lease Receivables	29	27	27	25	0.00	0.00	0.00
Goodwill	173	179	179	177	179	178	181
Intangible Assets	34	33	32	45	43	42	41
Noncurrent Deferred & Refundable Income Taxes	18	16	14	15	24	27	27
Other Noncurrent Operating Assets	98	101	99	104	117	116	117
Total Liabilities & Shareholders' Equity	1,572	1,696	1,707	1,790	1,798	1,752	1,753
Total Liabilities	752	798	791	869	825	778	757
Total Current Liabilities	190	185	181	243	212	225	219
Short-Term Debt	0.00	0.00	0.00	27	4.45	2.73	0.56
Accounts Payable	65	76	66	70	81	85	78
Accrued Expenses	107	104	104	135	118	130	139
Current Deferred & Payable Income Tax Liabilities	17	4.46	11	10	8.59	7.77	1.59
Total Noncurrent Liabilities	562	614	610	626	613	554	538
Long-Term Debt	447	491	487	463	435	374	362
Noncurrent Deferred & Payable Income Tax Liabilities	11	14	16	21	27	28	22
Other Noncurrent Operating Liabilities	104	108	108	142	151	152	155
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	820	898	916	922	974	973	997
Total Preferred & Common Equity	816	893	910	915	967	968	991
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	816	893	910	915	967	968	991
Common Stock	440	442	444	446	449	452	453
Retained Earnings	921	950	969	989	1,030	1,047	1,057
Treasury Stock	-365	-365	-365	-365	-365	-365	-365
Accumulated Other Comprehensive Income / (Loss)	-198	-150	-153	-169	-154	-171	-155
Other Equity Adjustments	18	15	15	13	6.96	4.12	1.17
Noncontrolling Interest	4.18	4.93	5.26	6.79	6.08	5.81	5.68

This table displays calculated financial ratios and metrics derived from Albany International's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	11.37%	10.92%	7.20%
EBITDA Growth	3.56%	-5.06%	-12.70%
EBIT Growth	7.90%	-10.79%	-25.52%
NOPAT Growth	3.89%	-11.77%	-15.41%
Net Income Growth	-18.74%	15.65%	-21.10%
EPS Growth	-16.71%	16.78%	-21.13%
Operating Cash Flow Growth	-41.04%	15.48%	47.54%
Free Cash Flow Firm Growth	-75.80%	-376.19%	265.54%
Invested Capital Growth	9.64%	23.26%	-7.88%
Revenue Q/Q Growth	2.87%	5.01%	-2.89%
EBITDA Q/Q Growth	17.08%	-12.36%	-6.08%
EBIT Q/Q Growth	26.03%	-18.76%	-10.07%
NOPAT Q/Q Growth	-6.28%	9.28%	-13.18%
Net Income Q/Q Growth	-9.84%	12.39%	-12.69%
EPS Q/Q Growth	-8.98%	12.34%	-12.50%
Operating Cash Flow Q/Q Growth	-5.92%	9.90%	1.97%
Free Cash Flow Firm Q/Q Growth	-54.39%	16.70%	60.67%
Invested Capital Q/Q Growth	2.43%	0.81%	-6.45%
Profitability Metrics	-	-	-
Gross Margin	37.66%	36.91%	32.65%
EBITDA Margin	25.53%	21.85%	17.79%
Operating Margin	17.49%	14.63%	10.67%
EBIT Margin	18.85%	15.16%	10.53%
Profit (Net Income) Margin	9.33%	9.72%	7.16%
Tax Burden Percent	73.12%	69.56%	75.20%
Interest Burden Percent	67.64%	92.19%	90.32%
Effective Tax Rate	26.88%	30.44%	24.80%
Return on Invested Capital (ROIC)	13.64%	10.31%	8.22%
ROIC Less NNEP Spread (ROIC-NNEP)	-23.10%	7.91%	3.81%
Return on Net Nonoperating Assets (RNNOA)	-2.58%	1.86%	0.97%
Return on Equity (ROE)	11.06%	12.17%	9.19%
Cash Return on Invested Capital (CROIC)	4.45%	-10.53%	16.43%
Operating Return on Assets (OROA)	12.20%	10.01%	7.44%
Return on Assets (ROA)	6.03%	6.42%	5.06%
Return on Common Equity (ROCE)	11.01%	12.10%	9.14%
Return on Equity Simple (ROE_SIMPLE)	11.18%	11.61%	9.33%
Net Operating Profit after Tax (NOPAT)	132	117	99
NOPAT Margin	12.79%	10.17%	8.03%
Net Nonoperating Expense Percent (NNEP)	36.75%	2.40%	4.41%
Return On Investment Capital (ROIC_SIMPLE)	10.13%	8.20%	7.79%
Cost of Revenue to Revenue	62.34%	63.09%	67.35%
SG&A Expenses to Revenue	16.30%	18.72%	17.14%
R&D to Revenue	3.86%	0.00%	3.75%
Operating Expenses to Revenue	20.17%	22.29%	21.97%
Earnings before Interest and Taxes (EBIT)	195	174	130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	264	251	219
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.47	3.15	2.65
Price to Tangible Book Value (P/TBV)	4.60	4.11	3.43
Price to Revenue (P/Rev)	2.90	2.64	2.03
Price to Earnings (P/E)	31.29	27.25	28.57
Dividend Yield	0.91%	1.04%	1.31%
Earnings Yield	3.20%	3.67%	3.50%
Enterprise Value to Invested Capital (EV/IC)	3.10	2.65	2.35
Enterprise Value to Revenue (EV/Rev)	3.04	2.89	2.20
Enterprise Value to EBITDA (EV/EBITDA)	11.92	13.23	12.39
Enterprise Value to EBIT (EV/EBIT)	16.14	19.06	20.92
Enterprise Value to NOPAT (EV/NOPAT)	23.78	28.41	27.45
Enterprise Value to Operating Cash Flow (EV/OCF)	24.55	22.41	12.41
Enterprise Value to Free Cash Flow (EV/FCFF)	72.92	0.00	13.74
Leverage & Solvency	-	-	-
Debt to Equity	0.51	0.47	0.34
Long-Term Debt to Equity	0.51	0.47	0.34
Financial Leverage	0.11	0.23	0.25
Leverage Ratio	1.83	1.90	1.82
Compound Leverage Factor	1.24	1.75	1.64
Debt to Total Capital	33.60%	32.08%	25.13%
Short-Term Debt to Total Capital	0.00%	0.30%	0.00%
Long-Term Debt to Total Capital	33.60%	31.78%	25.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.34%	0.42%	0.43%
Common Equity to Total Capital	66.05%	67.50%	74.44%
Debt to EBITDA	1.66	1.82	1.45
Net Debt to EBITDA	0.56	1.13	0.93
Long-Term Debt to EBITDA	1.66	1.81	1.45
Debt to NOPAT	3.32	3.91	3.22
Net Debt to NOPAT	1.11	2.43	2.06
Long-Term Debt to NOPAT	3.32	3.88	3.22
Altman Z-Score	4.60	4.22	4.42
Noncontrolling Interest Sharing Ratio	0.47%	0.57%	0.60%
Liquidity Ratios	-	-	-
Current Ratio	3.97	3.53	3.23
Quick Ratio	2.33	1.85	1.60
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	43	-119	197
Operating Cash Flow to CapEx	136.87%	177.19%	275.73%
Free Cash Flow to Firm to Interest Expense	0.64	-5.91	11.88
Operating Cash Flow to Interest Expense	1.91	7.34	13.15
Operating Cash Flow Less CapEx to Interest Expense	0.52	3.20	8.38
Efficiency Ratios	-	-	-
Asset Turnover	0.65	0.66	0.71
Accounts Receivable Turnover	5.28	4.71	4.61
Inventory Turnover	5.02	4.69	5.26
Fixed Asset Turnover	2.35	2.19	2.11
Accounts Payable Turnover	9.30	9.24	10.82
Days Sales Outstanding (DSO)	69.13	77.55	79.26
Days Inventory Outstanding (DIO)	72.69	77.77	69.45
Days Payable Outstanding (DPO)	39.23	39.52	33.73
Cash Conversion Cycle (CCC)	102.59	115.81	114.98
Capital & Investment Metrics	-	-	-
Invested Capital	1,015	1,251	1,152
Invested Capital Turnover	1.07	1.01	1.02
Increase / (Decrease) in Invested Capital	89	236	-99
Enterprise Value (EV)	3,148	3,318	2,712
Market Capitalization	2,996	3,028	2,503
Book Value per Share	$27.75	$30.81	$30.14
Tangible Book Value per Share	$20.93	$23.61	$23.29
Total Capital	1,307	1,424	1,267
Total Debt	439	457	319
Total Long-Term Debt	439	453	319
Net Debt	147	283	203
Capital Expenditures (CapEx)	94	84	79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	335	460	389
Debt-free Net Working Capital (DFNWC)	627	634	504
Net Working Capital (NWC)	627	629	504
Net Nonoperating Expense (NNE)	36	5.17	11
Net Nonoperating Obligations (NNO)	147	283	203
Total Depreciation and Amortization (D&A)	69	77	89
Debt-free, Cash-free Net Working Capital to Revenue	32.40%	40.08%	31.61%
Debt-free Net Working Capital to Revenue	60.60%	55.19%	40.98%
Net Working Capital to Revenue	60.60%	54.82%	40.98%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$3.06	$3.56	$2.81
Adjusted Weighted Average Basic Shares Outstanding	31.10M	31.17M	31.23M
Adjusted Diluted Earnings per Share	$3.04	$3.55	$2.80
Adjusted Weighted Average Diluted Shares Outstanding	31.10M	31.28M	31.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.10M	31.20M	30.90M
Normalized Net Operating Profit after Tax (NOPAT)	132	117	109
Normalized NOPAT Margin	12.80%	10.19%	8.85%
Pre Tax Income Margin	12.75%	13.98%	9.51%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.91	8.63	7.80
NOPAT to Interest Expense	1.98	5.79	5.95
EBIT Less CapEx to Interest Expense	1.51	4.49	3.03
NOPAT Less CapEx to Interest Expense	0.58	1.65	1.18
Payout Ratios	-	-	-
Dividend Payout Ratio	27.42%	27.92%	36.89%
Augmented Payout Ratio	115.27%	27.92%	52.99%

This table displays calculated financial ratios and metrics derived from Albany International's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.10%	12.03%	10.21%	4.88%	7.88%	20.39%	16.44%	21.11%	6.15%	-11.34%
EBITDA Growth	-56.72%	62.30%	-3.44%	-9.23%	108.92%	-35.25%	10.11%	-12.25%	-25.64%	-21.82%
EBIT Growth	-75.96%	93.86%	-3.95%	-13.41%	249.96%	-48.30%	2.35%	-25.52%	-45.23%	-33.73%
NOPAT Growth	141.98%	-27.55%	4.58%	-29.85%	-60.62%	46.96%	-5.20%	18.83%	-21.41%	-45.86%
Net Income Growth	-65.02%	-36.61%	-3.52%	-31.86%	150.89%	67.45%	1.04%	-7.85%	-32.90%	-41.90%
EPS Growth	-64.21%	-34.09%	-1.15%	-32.00%	155.88%	67.24%	1.16%	-7.06%	-34.48%	-41.24%
Operating Cash Flow Growth	-44.01%	-11.70%	-204.08%	-27.92%	99.83%	21.90%	158.54%	168.42%	-20.53%	5.67%
Free Cash Flow Firm Growth	-26.22%	-182.61%	-536.05%	-664.86%	-848.49%	-203.10%	-146.04%	-12.65%	114.80%	156.99%
Invested Capital Growth	4.93%	9.64%	10.21%	11.75%	25.24%	23.26%	18.73%	12.00%	-0.73%	-7.88%
Revenue Q/Q Growth	-0.31%	3.16%	0.12%	1.87%	2.55%	15.11%	-3.17%	5.96%	-10.12%	-3.85%
EBITDA Q/Q Growth	-61.98%	252.58%	-41.85%	16.45%	-12.49%	9.27%	-1.12%	-7.20%	-25.84%	14.89%
EBIT Q/Q Growth	-80.20%	627.93%	-50.74%	21.99%	-19.99%	7.55%	-2.50%	-11.23%	-41.17%	30.13%
NOPAT Q/Q Growth	104.87%	-71.06%	32.41%	-10.64%	14.99%	8.02%	-14.59%	12.01%	-23.95%	-25.59%
Net Income Q/Q Growth	-72.51%	68.54%	48.49%	-0.96%	1.22%	12.48%	-10.39%	-9.68%	-26.29%	-2.61%
EPS Q/Q Growth	-72.80%	70.59%	48.28%	-1.16%	2.35%	11.49%	-10.31%	-9.20%	-27.85%	0.00%
Operating Cash Flow Q/Q Growth	-31.34%	105.81%	-126.91%	289.52%	90.35%	25.55%	-87.07%	768.94%	-43.64%	66.94%
Free Cash Flow Firm Q/Q Growth	84.81%	-328.56%	-6.09%	-26.05%	-144.89%	7.45%	13.88%	42.29%	132.18%	256.31%
Invested Capital Q/Q Growth	0.49%	2.43%	6.85%	1.62%	12.61%	0.81%	2.92%	-4.14%	-0.19%	-6.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.57%	36.12%	36.91%	37.47%	36.23%	37.04%	34.69%	33.85%	30.29%	31.48%
EBITDA Margin	10.93%	37.34%	21.69%	24.79%	21.16%	20.08%	20.51%	17.96%	14.82%	17.71%
Operating Margin	20.59%	14.10%	15.07%	16.60%	14.25%	12.91%	12.44%	12.92%	8.44%	8.47%
EBIT Margin	4.39%	30.97%	15.24%	18.24%	14.23%	13.30%	13.39%	11.22%	7.34%	9.94%
Profit (Net Income) Margin	4.15%	6.79%	10.07%	9.79%	9.66%	9.44%	8.73%	7.45%	6.11%	6.19%
Tax Burden Percent	141.66%	58.02%	71.83%	57.19%	74.68%	77.36%	70.83%	72.07%	93.43%	71.99%
Interest Burden Percent	66.82%	37.77%	91.98%	93.79%	90.87%	91.75%	92.09%	92.08%	89.00%	86.43%
Effective Tax Rate	-41.66%	41.98%	28.17%	42.81%	25.32%	22.64%	29.17%	27.93%	6.57%	28.01%
Return on Invested Capital (ROIC)	30.33%	8.73%	11.09%	9.75%	10.43%	10.12%	8.86%	9.97%	8.08%	6.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-25.30%	4.88%	9.76%	10.21%	9.30%	9.30%	8.76%	7.19%	6.17%	6.35%
Return on Net Nonoperating Assets (RNNOA)	-3.49%	0.55%	1.70%	2.06%	2.61%	2.18%	2.34%	1.70%	1.78%	1.61%
Return on Equity (ROE)	26.84%	9.27%	12.79%	11.81%	13.04%	12.30%	11.20%	11.67%	9.86%	7.86%
Cash Return on Invested Capital (CROIC)	9.78%	4.45%	3.22%	0.31%	-12.83%	-10.53%	-7.40%	-0.97%	9.94%	16.43%
Operating Return on Assets (OROA)	2.84%	20.04%	9.86%	11.79%	9.26%	8.78%	9.14%	8.11%	5.25%	7.02%
Return on Assets (ROA)	2.69%	4.39%	6.51%	6.32%	6.28%	6.23%	5.96%	5.38%	4.37%	4.37%
Return on Common Equity (ROCE)	26.72%	9.23%	12.72%	11.75%	12.96%	12.23%	11.14%	11.60%	9.80%	7.81%
Return on Equity Simple (ROE_SIMPLE)	13.12%	0.00%	10.70%	9.11%	10.86%	0.00%	11.57%	11.35%	10.18%	0.00%
Net Operating Profit after Tax (NOPAT)	76	22	29	26	30	32	28	31	24	17
NOPAT Margin	29.17%	8.18%	10.82%	9.49%	10.65%	9.99%	8.81%	9.31%	7.88%	6.10%
Net Nonoperating Expense Percent (NNEP)	55.63%	3.85%	1.33%	-0.46%	1.13%	0.83%	0.10%	2.78%	1.91%	-0.10%
Return On Investment Capital (ROIC_SIMPLE)	-	1.68%	-	-	-	2.27%	-	-	-	1.38%
Cost of Revenue to Revenue	61.43%	63.88%	63.09%	62.53%	63.77%	62.96%	65.31%	66.15%	69.71%	68.52%
SG&A Expenses to Revenue	14.15%	18.37%	18.02%	17.06%	18.49%	20.92%	17.50%	16.72%	17.46%	16.88%
R&D to Revenue	0.00%	0.00%	3.82%	0.00%	0.00%	0.00%	4.04%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.98%	22.02%	21.84%	20.87%	21.97%	24.13%	22.25%	20.93%	21.86%	23.01%
Earnings before Interest and Taxes (EBIT)	11	83	41	50	40	43	42	37	22	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	100	58	68	59	65	64	60	44	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.95	3.47	3.07	3.16	2.91	3.15	3.01	2.72	2.80	2.65
Price to Tangible Book Value (P/TBV)	3.95	4.60	4.03	4.12	3.84	4.11	3.90	3.52	3.60	3.43
Price to Revenue (P/Rev)	2.39	2.90	2.59	2.68	2.43	2.64	2.44	2.11	2.19	2.03
Price to Earnings (P/E)	22.63	31.29	28.87	34.93	26.94	27.25	26.08	24.07	27.61	28.57
Dividend Yield	1.09%	0.91%	1.04%	1.04%	1.17%	1.04%	1.09%	1.22%	1.17%	1.31%
Earnings Yield	4.42%	3.20%	3.46%	2.86%	3.71%	3.67%	3.83%	4.15%	3.62%	3.50%
Enterprise Value to Invested Capital (EV/IC)	2.60	3.10	2.70	2.79	2.41	2.65	2.51	2.35	2.45	2.35
Enterprise Value to Revenue (EV/Rev)	2.56	3.04	2.77	2.86	2.73	2.89	2.71	2.32	2.38	2.20
Enterprise Value to EBITDA (EV/EBITDA)	11.43	11.92	11.19	12.03	10.44	13.23	12.58	11.68	12.92	12.39
Enterprise Value to EBIT (EV/EBIT)	16.66	16.14	15.16	16.53	13.94	19.06	18.45	17.88	20.90	20.92
Enterprise Value to NOPAT (EV/NOPAT)	18.26	23.78	21.93	25.76	27.95	28.41	28.00	24.01	26.48	27.45
Enterprise Value to Operating Cash Flow (EV/OCF)	18.92	24.55	25.01	29.18	22.18	22.41	18.55	12.82	14.06	12.41
Enterprise Value to Free Cash Flow (EV/FCFF)	27.25	72.92	88.12	946.00	0.00	0.00	0.00	0.00	24.52	13.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.51	0.55	0.53	0.53	0.47	0.45	0.39	0.36	0.34
Long-Term Debt to Equity	0.55	0.51	0.55	0.53	0.50	0.47	0.45	0.38	0.36	0.34
Financial Leverage	0.14	0.11	0.17	0.20	0.28	0.23	0.27	0.24	0.29	0.25
Leverage Ratio	1.83	1.83	1.86	1.91	1.93	1.90	1.87	1.83	1.85	1.82
Compound Leverage Factor	1.22	0.69	1.71	1.79	1.75	1.74	1.72	1.69	1.64	1.57
Debt to Total Capital	35.28%	33.60%	35.36%	34.72%	34.74%	32.08%	31.08%	27.92%	26.65%	25.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.93%	0.30%	0.31%	0.20%	0.04%	0.00%
Long-Term Debt to Total Capital	35.28%	33.60%	35.36%	34.72%	32.81%	31.78%	30.77%	27.72%	26.61%	25.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.33%	0.34%	0.36%	0.38%	0.48%	0.42%	0.43%	0.43%	0.42%	0.43%
Common Equity to Total Capital	64.39%	66.05%	64.28%	64.90%	64.78%	67.50%	68.48%	71.65%	72.93%	74.44%
Debt to EBITDA	1.98	1.66	1.87	1.91	1.71	1.82	1.71	1.52	1.55	1.45
Net Debt to EBITDA	0.76	0.56	0.71	0.73	1.12	1.13	1.22	1.05	1.01	0.93
Long-Term Debt to EBITDA	1.98	1.66	1.87	1.91	1.62	1.81	1.69	1.51	1.55	1.45
Debt to NOPAT	3.17	3.32	3.67	4.09	4.59	3.91	3.81	3.12	3.18	3.22
Net Debt to NOPAT	1.21	1.11	1.40	1.56	2.99	2.43	2.72	2.16	2.07	2.06
Long-Term Debt to NOPAT	3.17	3.32	3.67	4.09	4.34	3.88	3.77	3.10	3.18	3.22
Altman Z-Score	3.88	4.37	4.05	4.21	3.71	3.98	4.08	4.05	4.21	4.22
Noncontrolling Interest Sharing Ratio	0.47%	0.47%	0.51%	0.54%	0.63%	0.57%	0.59%	0.59%	0.65%	0.60%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.27	3.97	4.82	4.99	3.53	3.53	3.99	3.59	3.68	3.23
Quick Ratio	2.51	2.33	2.82	3.00	1.82	1.85	2.03	1.76	1.83	1.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	29	-67	-71	-90	-220	-204	-175	-101	33	116
Operating Cash Flow to CapEx	193.56%	142.55%	-100.73%	166.82%	423.89%	213.90%	35.73%	422.09%	305.86%	429.43%
Free Cash Flow to Firm to Interest Expense	7.75	-1.21	-21.67	-28.93	-60.25	-20.13	-52.85	-34.32	13.51	14.63
Operating Cash Flow to Interest Expense	7.80	1.09	-4.98	10.00	16.19	7.34	2.89	28.27	19.49	9.89
Operating Cash Flow Less CapEx to Interest Expense	3.77	0.33	-9.93	4.01	12.37	3.91	-5.20	21.57	13.12	7.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.65	0.65	0.65	0.65	0.66	0.68	0.72	0.72	0.71
Accounts Receivable Turnover	5.06	5.28	5.00	4.86	4.66	4.71	4.57	4.79	4.67	4.61
Inventory Turnover	4.90	5.02	4.77	4.72	4.40	4.69	4.75	5.16	4.89	5.26
Fixed Asset Turnover	2.40	2.35	2.40	2.46	2.24	2.19	2.29	2.42	2.20	2.11
Accounts Payable Turnover	10.31	9.30	9.41	9.88	10.22	9.24	9.67	10.73	11.30	10.82
Days Sales Outstanding (DSO)	72.20	69.13	72.94	75.15	78.36	77.55	79.84	76.24	78.12	79.26
Days Inventory Outstanding (DIO)	74.50	72.69	76.50	77.30	83.01	77.77	76.89	70.76	74.58	69.45
Days Payable Outstanding (DPO)	35.41	39.23	38.78	36.95	35.72	39.52	37.75	34.01	32.30	33.73
Cash Conversion Cycle (CCC)	111.28	102.59	110.66	115.50	125.65	115.81	118.98	112.99	120.39	114.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	991	1,015	1,084	1,102	1,241	1,251	1,287	1,234	1,232	1,152
Invested Capital Turnover	1.04	1.07	1.02	1.03	0.98	1.01	1.01	1.07	1.03	1.02
Increase / (Decrease) in Invested Capital	47	89	100	116	250	236	203	132	-9.06	-99
Enterprise Value (EV)	2,579	3,148	2,932	3,069	2,988	3,318	3,228	2,901	3,013	2,712
Market Capitalization	2,404	2,996	2,740	2,878	2,662	3,028	2,909	2,635	2,772	2,503
Book Value per Share	$26.24	$27.75	$28.70	$29.18	$29.32	$30.81	$31.00	$31.01	$31.76	$30.14
Tangible Book Value per Share	$19.58	$20.93	$21.88	$22.41	$22.20	$23.61	$23.90	$23.97	$24.65	$23.29
Total Capital	1,267	1,307	1,389	1,403	1,412	1,424	1,413	1,350	1,359	1,267
Total Debt	447	439	491	487	491	457	439	377	362	319
Total Long-Term Debt	447	439	491	487	463	453	435	374	362	319
Net Debt	171	147	187	186	319	283	314	261	235	203
Capital Expenditures (CapEx)	15	43	16	19	14	35	27	20	15	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	343	335	401	422	469	460	512	468	459	389
Debt-free Net Working Capital (DFNWC)	619	627	705	723	641	634	638	585	586	504
Net Working Capital (NWC)	619	627	705	723	614	629	633	582	586	504
Net Nonoperating Expense (NNE)	65	3.75	2.04	-0.80	2.77	1.78	0.24	6.20	5.30	-0.25
Net Nonoperating Obligations (NNO)	171	147	187	186	319	283	314	261	235	203
Total Depreciation and Amortization (D&A)	17	17	17	18	19	22	22	22	22	22
Debt-free, Cash-free Net Working Capital to Revenue	34.06%	32.40%	37.79%	39.32%	42.93%	40.08%	42.97%	37.45%	36.21%	31.61%
Debt-free Net Working Capital to Revenue	61.55%	60.60%	66.50%	67.38%	58.62%	55.19%	53.49%	46.76%	46.25%	40.98%
Net Working Capital to Revenue	61.55%	60.60%	66.50%	67.38%	56.13%	54.82%	53.11%	46.54%	46.21%	40.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.60	$0.86	$0.86	$0.87	$0.97	$0.87	$0.79	$0.58	$0.57
Adjusted Weighted Average Basic Shares Outstanding	31.11M	31.34M	31.13M	31.17M	31.19M	31.17M	31.21M	31.24M	31.25M	31.23M
Adjusted Diluted Earnings per Share	$0.34	$0.58	$0.86	$0.85	$0.87	$0.97	$0.87	$0.79	$0.57	$0.57
Adjusted Weighted Average Diluted Shares Outstanding	31.22M	31.46M	31.22M	31.27M	31.28M	31.28M	31.29M	31.34M	31.37M	31.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.10M	31.10M	31.20M	31.20M	31.20M	31.20M	31.20M	31.20M	31.30M	30.90M
Normalized Net Operating Profit after Tax (NOPAT)	38	22	29	26	30	32	29	32	26	22
Normalized NOPAT Margin	14.42%	8.15%	10.83%	9.52%	10.67%	10.00%	9.31%	9.77%	8.59%	7.82%
Pre Tax Income Margin	2.93%	11.70%	14.01%	17.11%	12.94%	12.20%	12.33%	10.33%	6.54%	8.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	1.50	12.46	16.10	10.95	4.25	12.64	12.63	9.09	3.59
NOPAT to Interest Expense	20.03	0.40	8.85	8.38	8.19	3.19	8.32	10.48	9.75	2.21
EBIT Less CapEx to Interest Expense	-1.02	0.73	7.51	10.11	7.13	0.82	4.55	5.93	2.72	1.29
NOPAT Less CapEx to Interest Expense	16.00	-0.37	3.91	2.38	4.37	-0.24	0.23	3.79	3.38	-0.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.67%	27.42%	28.79%	34.51%	30.11%	27.92%	28.15%	28.99%	31.88%	36.89%
Augmented Payout Ratio	125.78%	115.27%	28.79%	34.51%	30.11%	27.92%	28.15%	28.99%	31.88%	52.99%

Frequently Asked Questions About Albany International's Financials

When does Albany International's financial year end?

According to the most recent income statement we have on file, Albany International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Albany International's net income changed over the last 2 years?

Albany International's net income appears to be on a downward trend, with a most recent value of $88.06 million in 2024, falling from $96.51 million in 2022. The previous period was $111.61 million in 2023.

What is Albany International's operating income?

Albany International's total operating income in 2024 was $131.36 million, based on the following breakdown:

Total Gross Profit: $401.78 million
Total Operating Expenses: $270.42 million

How has Albany International revenue changed over the last 2 years?

Over the last 2 years, Albany International's total revenue changed from $1.03 billion in 2022 to $1.23 billion in 2024, a change of 18.9%.

How much debt does Albany International have?

Albany International's total liabilities were at $699.75 million at the end of 2024, a 19.4% decrease from 2023, and a 9.7% decrease since 2022.

How much cash does Albany International have?

In the past 2 years, Albany International's cash and equivalents has ranged from $115.28 million in 2024 to $291.78 million in 2022, and is currently $115.28 million as of their latest financial filing in 2024.

How has Albany International's book value per share changed over the last 2 years?

Over the last 2 years, Albany International's book value per share changed from 27.75 in 2022 to 30.14 in 2024, a change of 8.6%.

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This page (NYSE:AIN) was last updated on 4/15/2025 by MarketBeat.com Staff

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Albany International (AIN) Financials

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Albany International (AIN) Financials

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