Albany International (AIN) financial statements
Albany International reported revenue of $1.2B in fiscal 2025, up 4.7% a year over 9 years.
Net income was -$57M and the operating margin -3.1%, against 12.1% in 2016.
Free cash flow was $83M, and the company returned $32M in dividends and $186M in net buybacks.
The diluted share count fell 8% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Albany International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $780M | $864M | $982M | $1.1B | $901M | $929M | $1.0B | $1.1B | $1.2B | $1.2B |
| Cost of revenue | $479M | $567M | $633M | $656M | $530M | $551M | $645M | $724M | $829M | $939M |
| Gross profit | $301M | $296M | $350M | $398M | $371M | $378M | $390M | $424M | $402M | $244M |
| Research and development | $29M | $31M | $30M | $27M | $26M | $39M | $40M | $41M | — | — |
| Selling, general and admin | $158M | $163M | $156M | $164M | $164M | $160M | $169M | $215M | $211M | $218M |
| Operating income | $94M | $79M | $137M | $194M | $166M | $178M | $181M | $168M | $131M | -$36M |
| Interest expense | $16M | $19M | $20M | $20M | $16M | $17M | $18M | $20M | $17M | $26M |
| Pre-tax income | $78M | $55M | $115M | $178M | $139M | $166M | $132M | $160M | $117M | -$62M |
| Income tax | $25M | $22M | $32M | $45M | $42M | $47M | $35M | $49M | $29M | -$5M |
| Net income | $53M | $33M | $83M | $132M | $99M | $118M | $96M | $111M | $88M | -$57M |
| EPS (diluted) | $1.64 | $1.03 | $2.57 | $4.10 | $3.05 | $3.65 | $3.04 | $3.55 | $2.80 | -$1.94 |
| Diluted shares | 32M | 32M | 32M | 32M | 32M | 32M | 31M | 31M | 31M | 30M |
| Gross margin | 38.6% | 34.3% | 35.6% | 37.7% | 41.2% | 40.7% | 37.7% | 36.9% | 32.6% | 20.6% |
| Operating margin | 12.1% | 9.1% | 14.0% | 18.4% | 18.4% | 19.2% | 17.5% | 14.6% | 10.7% | -3.1% |
| Net margin | 6.8% | 3.8% | 8.4% | 12.6% | 10.9% | 12.7% | 9.3% | 9.7% | 7.1% | -4.8% |
Balance sheet
Fiscal years, from Albany International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $182M | $184M | $198M | $196M | $241M | $302M | $292M | $173M | $115M | $112M |
| Receivables | $171M | $203M | $223M | $218M | $188M | $192M | $200M | $288M | $247M | $235M |
| Inventory | $134M | $137M | $86M | $95M | $110M | $118M | $139M | $170M | $146M | $122M |
| Total current assets | $501M | $544M | $593M | $618M | $717M | $759M | $838M | $878M | $731M | $929M |
| Property, plant and equipment | $423M | $454M | $462M | $466M | $449M | $436M | $446M | $602M | $563M | $483M |
| Goodwill | $160M | $167M | $164M | $181M | $188M | $182M | $178M | $180M | $176M | $163M |
| Total assets | $1.3B | $1.4B | $1.4B | $1.5B | $1.5B | $1.6B | $1.6B | $1.8B | $1.6B | $1.7B |
| Total current liabilities | $200M | $162M | $189M | $203M | $191M | $208M | $211M | $249M | $226M | $442M |
| Long-term debt | $433M | $514M | $524M | $424M | $398M | $350M | $439M | $453M | $319M | $456M |
| Total liabilities | $752M | $788M | $810M | $772M | $730M | $678M | $775M | $868M | $700M | $987M |
| Shareholders' equity | $508M | $570M | $605M | $699M | $816M | $874M | $863M | $961M | $944M | $726M |
| Net debt | $303M | $332M | $327M | $228M | $157M | $48M | $147M | $283M | $203M | $343M |
Cash flow
Fiscal years, from Albany International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $81M | $64M | $132M | $200M | $140M | $217M | $128M | $148M | $218M | $152M |
| Capital spending | $71M | $86M | $82M | $67M | $41M | $53M | $94M | $84M | $80M | $70M |
| Free cash flow | $10M | -$21M | $51M | $133M | $99M | $165M | $35M | $64M | $138M | $83M |
| Stock-based compensation | — | — | — | — | — | — | — | $7M | $5M | $10M |
| Dividends paid | $22M | $22M | $22M | $23M | $25M | $26M | $26M | $31M | $32M | $32M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$23M | -$85M | $0 | -$14M | -$186M |
| Net borrowing | $202M | $31M | -$4M | -$75M | -$26M | -$48M | $89M | -$14M | -$134M | $125M |
| Free cash flow margin | 1.2% | -2.5% | 5.2% | 12.6% | 11.0% | 17.7% | 3.3% | 5.6% | 11.2% | 7.0% |
| Dividends per share | $0.68 | $0.68 | $0.68 | $0.72 | $0.76 | $0.80 | $0.84 | $1.00 | $1.04 | $1.10 |
Questions
What was Albany International's revenue in 2025?
$1.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Albany International generate?
$83M in fiscal 2025 (operating cash flow minus capital spending).
From Albany International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.