A Business at a Glance
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ALBANY INTERNATIONAL CORP /DE/
AIN
$2.2B
Mkt Cap
$75.49
+1.07%
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a 5-year average return on invested capital (ROIC) of 8.0%. This is below average and may indicate limited pricing power.
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a market capitalization of $2.2B. It is classified as a mid-cap stock.
Yes, ALBANY INTERNATIONAL CORP /DE/ (AIN) pays a dividend with a trailing twelve-month yield of 1.48%. The company also returns capital through share buybacks, with a buyback yield of 5.42%.
ALBANY INTERNATIONAL CORP /DE/ (AIN) operates in the Broadwoven Fabric Mills, Man Made Fiber & Silk industry, within the Consumer Cyclical sector.
ALBANY INTERNATIONAL CORP /DE/ (AIN) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a net profit margin of -4.8%. The company is currently unprofitable.
ALBANY INTERNATIONAL CORP /DE/ (AIN) generated $83 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Founded in 1895, Albany International Corp. is a global leader in advanced textiles and materials processing specializing in designing and manufacturing high-performance engineered fabrics and composite components and assemblies that serve industries such as paper, industrial manufacturing, and aerospace. The terms the Registrant, the Company, Albany, we, us, or our mean Albany International Corp. and its subsidiaries, unless the context indicates another meaning. The following description of our business should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within Item 7 of this Annual Report on Form 10-K, including the information contained therein under the heading “Business Environment Overview and Trends.” Business Segments The Company operates under two business segments: Machine Clothing and Albany Engineered Composites.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.2B | 1.1B | 1.0B | 929M |
| Net Income | -59M | -57M | 88M | 111M | 96M | 118M |
| EPS | $-1.96 | $-1.94 | $2.80 | $3.55 | $3.04 | $3.65 |
| Free Cash Flow | 92M | 83M | 138M | 64M | 35M | 165M |
| ROIC | -2.8% | -4.7% | 8.0% | 10.1% | 13.3% | 13.3% |
| Gross Margin | 20.5% | 20.6% | 32.6% | 36.9% | 37.7% | 40.7% |
| Debt/Equity | 0.65 | 0.64 | 0.41 | 0.54 | 0.57 | 0.42 |
| Dividends/Share | $1.12 | $1.09 | $1.05 | $1.01 | $0.88 | $0.81 |
| Operating Income | -39M | -36M | 131M | 168M | 181M | 178M |
| Operating Margin | -3.2% | -3.1% | 10.7% | 14.6% | 17.5% | 19.2% |
| ROE | -8.1% | -6.9% | 9.2% | 12.2% | 11.0% | 14.0% |
| Shares Outstanding | 29M | 30M | 31M | 31M | 32M | 32M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 745M | 710M | 780M | 864M | 982M | 1.1B | 901M | 929M | 1.0B | 1.1B | 1.2B | 1.2B | 1.2B |
| Gross Margin | 39.1% | 39.3% | 38.6% | 34.3% | 35.6% | 37.7% | 41.2% | 40.7% | 37.7% | 36.9% | 32.6% | 20.6% | 20.5% |
| R&D | 32M | 32M | 29M | 31M | 30M | 27M | 26M | 39M | 40M | 41M | N/A | N/A | N/A |
| SG&A | 147M | 146M | 158M | 163M | 156M | 164M | 164M | 160M | 169M | 215M | 211M | 218M | 223M |
| EBIT | 71M | 64M | 94M | 79M | 137M | 194M | 166M | 178M | 181M | 168M | 131M | -36M | -39M |
| Op. Margin | 9.6% | 9.0% | 12.1% | 9.1% | 14.0% | 18.4% | 18.4% | 19.2% | 17.5% | 14.6% | 10.7% | -3.1% | -3.2% |
| Net Income | 42M | 57M | 53M | 33M | 83M | 132M | 99M | 118M | 96M | 111M | 88M | -57M | -59M |
| Net Margin | 5.6% | 8.1% | 6.8% | 3.8% | 8.4% | 12.6% | 10.9% | 12.7% | 9.3% | 9.7% | 7.1% | -4.8% | -4.9% |
| Non-Recurring | 8.8M | 26M | 11M | 18M | 22M | 9.1M | 6.9M | 2.2M | 106K | 282K | 16M | 16M | 14M |
| Returns on Capital | |||||||||||||
| ROIC | 7.2% | 10.8% | 9.1% | 5.5% | 10.8% | 15.4% | 12.1% | 13.3% | 13.3% | 10.1% | 8.0% | -4.7% | -2.8% |
| ROE | 7.9% | 11.4% | 10.5% | 6.1% | 14.1% | 20.3% | 13.0% | 14.0% | 11.0% | 12.2% | 9.2% | -6.9% | -8.1% |
| ROA | 3.9% | 5.6% | 4.6% | 2.5% | 6.0% | 9.2% | 6.5% | 7.6% | 6.0% | 6.4% | 5.0% | -3.4% | -3.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 84M | 98M | 81M | 64M | 132M | 200M | 140M | 217M | 128M | 148M | 218M | 152M | 156M |
| Free Cash Flow | 26M | 49M | 9.7M | -21M | 51M | 133M | 99M | 165M | 35M | 64M | 138M | 83M | 92M |
| Owner Earnings | 20M | 36M | 12M | -9.1M | 52M | 129M | 67M | 142M | 58M | 64M | 124M | 54M | 62M |
| CapEx | 58M | 49M | 71M | 86M | 82M | 67M | 41M | 53M | 94M | 84M | 80M | 70M | 64M |
| Maint. CapEx | 64M | 60M | 67M | 72M | 79M | 71M | 73M | 74M | 69M | 77M | 89M | 88M | 84M |
| Growth CapEx | 0 | 0 | 3.8M | 14M | 2.5M | 0 | 0 | 0 | 25M | 6.8M | 0 | 0 | 0 |
| D&A | 64M | 60M | 67M | 72M | 79M | 71M | 73M | 74M | 69M | 77M | 89M | 88M | 84M |
| CapEx/OCF | 69.2% | 50.7% | 88.0% | 133.2% | 61.6% | 33.6% | 29.6% | 24.3% | 73.1% | 56.4% | 36.7% | 45.8% | 40.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 20M | 21M | 22M | 22M | 22M | 23M | 25M | 26M | 26M | 31M | 32M | 32M | 32M |
| Dividend Yield | 2.0% | 2.1% | 1.9% | 1.4% | 1.1% | 1.0% | 1.4% | 1.0% | 1.0% | 1.1% | 1.2% | 1.7% | 1.5% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 85M | 0 | 14M | 186M | 117M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8% | 2.9% | N/A | 0.6% | 12.2% | 5.4% |
| Stock-Based Comp | 201K | 1.4M | 1.3M | 1.4M | 1.7M | 971K | 490K | 998K | 770K | 6.9M | 4.7M | 10M | 10M |
| Debt Repayment | 45M | 102M | 34M | 84M | 30M | 120M | 101M | 56M | 73M | 92M | 280M | 147M | 147M |
| Balance Sheet | |||||||||||||
| Net Debt | 92M | 80M | 303M | 332M | 327M | 247M | 175M | 63M | 203M | 341M | 272M | 355M | 354M |
| Cash & Equiv. | 180M | 185M | 182M | 184M | 198M | 196M | 241M | 302M | 292M | 173M | 115M | 112M | 123M |
| Long-Term Debt | 222M | 265M | 433M | 514M | 524M | 424M | 398M | 350M | 439M | 453M | 319M | 456M | 477M |
| Debt/Equity | 0.53 | 0.53 | 0.95 | 0.91 | 0.87 | 0.63 | 0.51 | 0.42 | 0.57 | 0.54 | 0.41 | 0.64 | 0.65 |
| Interest Coverage | 5.8 | 5.4 | 6.1 | 4.2 | 6.8 | 9.9 | 10.2 | 10.2 | 10.1 | 8.3 | 7.9 | -1.4 | -1.4 |
| Equity | 510M | 499M | 508M | 570M | 605M | 699M | 816M | 874M | 863M | 961M | 944M | 726M | 729M |
| Total Assets | 1.0B | 1.0B | 1.3B | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | 1.6B | 1.8B | 1.6B | 1.7B | 1.7B |
| Total Liabilities | 516M | 507M | 752M | 788M | 810M | 772M | 730M | 678M | 775M | 868M | 700M | 987M | 1.0B |
| Intangibles | 385K | 154K | 66M | 55M | 49M | 53M | 47M | 39M | 34M | 45M | 38M | 21M | 20M |
| Retained Earnings | 456M | 492M | 523M | 534M | 590M | 698M | 771M | 863M | 931M | 1.0B | 1.1B | 976M | 984M |
| Working Capital | 277M | 326M | 301M | 382M | 404M | 416M | 526M | 551M | 627M | 629M | 504M | 487M | 525M |
| Current Assets | 460M | 452M | 501M | 544M | 593M | 618M | 717M | 759M | 838M | 878M | 731M | 929M | 963M |
| Current Liabilities | 183M | 126M | 200M | 162M | 189M | 203M | 191M | 208M | 211M | 249M | 226M | 442M | 439M |
| Per Share Data | |||||||||||||
| EPS | 1.30 | 1.79 | 1.64 | 1.03 | 2.57 | 4.10 | 3.05 | 3.65 | 3.04 | 3.55 | 2.80 | -1.94 | -1.96 |
| Owner EPS | 0.62 | 1.14 | 0.38 | -0.28 | 1.61 | 3.98 | 2.07 | 4.38 | 1.85 | 2.06 | 3.98 | 1.84 | 2.18 |
| Book Value | 15.95 | 15.59 | 15.78 | 17.72 | 18.77 | 21.64 | 25.25 | 26.92 | 27.40 | 30.71 | 30.15 | 24.57 | 25.55 |
| Cash Flow/Share | 2.63 | 3.06 | 2.52 | 2.00 | 4.11 | 6.20 | 4.34 | 6.70 | 4.07 | 4.73 | 6.98 | 5.16 | 0.85 |
| Dividends/Share | 0.63 | 0.67 | 0.68 | 0.68 | 0.69 | 0.73 | 0.77 | 0.81 | 0.88 | 1.01 | 1.05 | 1.09 | 1.12 |
| Shares Out. | 32.0M | 32.0M | 32.2M | 32.1M | 32.3M | 32.3M | 32.3M | 32.5M | 31.5M | 31.3M | 31.3M | 29.6M | 28.6M |
| Valuation | |||||||||||||
| P/E Ratio | 25.1 | 18.1 | 25.6 | 54.5 | 21.9 | 17.3 | 22.6 | 23.4 | 30.5 | 26.9 | 28.1 | N/A | -38.5 |
| P/FCF | 40.1 | 21.0 | 139.3 | N/A | 35.7 | 17.2 | 22.6 | 16.9 | 84.6 | 46.4 | 17.8 | 18.4 | 23.3 |
| EV/EBIT | 13.4 | 14.6 | 16.0 | 24.8 | 14.2 | 12.0 | 12.9 | 14.2 | 15.4 | 18.5 | 19.4 | N/A | N/A |
| Price/Book | 2.0 | 2.1 | 2.7 | 3.2 | 3.0 | 3.3 | 2.7 | 3.2 | 3.4 | 3.1 | 2.6 | 2.1 | 3.0 |
| Price/Sales | 1.3 | 1.4 | 1.5 | 1.8 | 2.0 | 2.2 | 2.0 | 2.7 | 2.5 | 2.4 | 2.1 | 1.6 | 1.8 |
| FCF Yield | 2.5% | 4.8% | 0.7% | -1.2% | 2.8% | 5.8% | 4.4% | 5.9% | 1.2% | 2.2% | 5.6% | 5.4% | 4.3% |
| Market Cap | 1.0B | 1.0B | 1.4B | 1.8B | 1.8B | 2.3B | 2.2B | 2.8B | 2.9B | 3.0B | 2.5B | 1.5B | 2.2B |
| Avg. Price | 31.12 | 32.01 | 35.71 | 47.04 | 61.11 | 71.99 | 54.69 | 78.16 | 83.27 | 89.05 | 84.30 | 64.15 | 75.49 |
| Year-End Price | 32.60 | 32.45 | 41.99 | 56.14 | 56.39 | 71.00 | 68.98 | 85.50 | 92.81 | 95.65 | 78.74 | 51.58 | 75.49 |
ALBANY INTERNATIONAL CORP /DE/ passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 25.9x vs a median of 20.5x. The company's 5-year average ROIC is 8.0% with a gross margin of 33.7%. Total shareholder yield (dividends + buybacks) is 6.9%. At current prices, the estimated annualized return to fair value is -2.3%.
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a debt-to-equity ratio of 0.64. This indicates moderate leverage.
ALBANY INTERNATIONAL CORP /DE/ (AIN) reported earnings per share (EPS) of $-1.94 in its most recent fiscal year.
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a return on equity (ROE) of -6.9%. A negative ROE may indicate losses or negative equity.
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a 5-year average gross margin of 33.7%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for ALBANY INTERNATIONAL CORP /DE/ (AIN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ALBANY INTERNATIONAL CORP /DE/ (AIN) has a book value per share of $24.57, based on its most recent annual SEC filing.
No recent press releases.