Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboard, tissues, towels, pulps, building products, tannery, and textiles, as well as nonwovens, fiber cement, and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as processing belts; and engineered fabrics. Its AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. The company sells its products to commercial and defense markets, space-launch vehicles and the emerging advanced air mobility market, as well as to customer end-users. Albany International Corp. was incorporated in 1895 and is headquartered in Portsmouth, New Hampshire.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $52M | $-57M | $81M | -7.9% | -3.9% | -165.4% |
| 2024 | $1.2B | $223M | $88M | $137M | 9.3% | 7.2% | -21.1% |
| 2023 | $1.1B | $257M | $111M | $64M | 11.6% | 10.9% | 16.0% |
| 2022 | $1.0B | $219M | $96M | $32M | 11.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,034.89 | 1,147.91 | 1,230.62 | 1,182.81 |
| Cost Of Revenue | - | 645.10 | 724.19 | 828.84 | 938.89 |
| Gross Profit | - | 389.78 | 423.72 | 401.78 | 243.92 |
| Operating Expense | - | 208.65 | 255.54 | 256.98 | 266.34 |
| Operating Income | - | 181.13 | 168.18 | 144.80 | -22.42 |
| EBITDA | - | 218.86 | 257.36 | 223 | 51.89 |
| EBIT | - | 149.82 | 180.62 | 133.70 | -36.02 |
| Pretax Income | - | 131.98 | 160.46 | 117.09 | -61.79 |
| Tax Provision | - | 35.47 | 48.85 | 29.03 | -4.83 |
| Net Income | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Net Income Common Stockholders | - | 95.76 | 111.12 | 87.62 | -57.34 |
| Total Expenses | - | 853.76 | 979.73 | 1,085.82 | 1,205.23 |
| Interest Expense | - | 17.84 | 20.17 | 16.61 | 25.76 |
| Interest Income | - | 3.84 | 6.57 | 4.06 | 5.16 |
| Research And Development | - | 39.94 | 40.63 | 46.10 | 48.02 |
| Selling General And Administration | - | 168.71 | 214.92 | 210.88 | 218.33 |
| Normalized EBITDA | - | 208.46 | 254.37 | 235.99 | 70.72 |
| Normalized Income | - | 88.16 | 109.04 | 97.40 | -39.98 |
| Market Cap | 1,568.60 | 1,568.60 | 1,568.60 | 1,568.60 | 1,568.60 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Albany International Corp.this co. | AIN | - | -27.36 | 2.16 | -7.9% | 37.07 |
| Faraday Future Intelligent Electric Inc. | FFAI | $117M | - | -2.80 | -5035.4% | -1.81 |
| Traeger, Inc. | COOK | $111M | - | 0.64 | -67.4% | 9.18 |
| Clarus Corporation | CLAR | $101M | - | 0.51 | - | -7.90 |
| America's Car-Mart, Inc. | CRMT | $101M |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.21 |
| 3.1% |
| 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| Virco Mfg. Corporation | VIRC | $95M | 37.81 | 0.90 | 2.4% | 12.55 |
| BARK, Inc. | BARK | $79M | - | 0.97 | -33.0% | -3.16 |
| Sleep Number Corporation | SNBR | $70M | - | -0.12 | 22.8% | 16.92 |
| Peer Median | - | 37.81 | 0.58 | -19.6% | 3.68 | |