ALBANY INTERNATIONAL CORP /DE/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ALBANY INTERNATIONAL CORP /DE/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	780	864	982	1,054	901	929	1,035	1,148	1,231	1,183
Cost of revenue	479	567	633	656	530	551	645	724	829	939
Gross profit	301	296	350	398	371	378	390	424	402	244
Research and development	28.8	30.7	29.8	26.9	25.8	38.9	39.9	40.6
Selling, general and administrative	158	163	156	164	164	160	169	215	211	218
General and administrative						53.7	56.8	73.1
Operating income	94.1	78.7	137	194	166	178	181	168	131	-36.1
Interest expense	15.5	18.6	20.2	19.7	16.3	17.4	17.8	20.2	16.6	25.8
Interest income	2.08	1.51	2.12	2.73	2.75	2.5	3.84	6.57	4.06	5.16
Other non-operating income	-2.4	-6.88	-4.04	1.56	-13.4	-3.02	14.1	6.16	-1.72	-5.08
Pre-tax income	78.3	54.7	115	178	139	166	132	160	117	-61.8
Income tax	25.5	22.1	32.2	44.8	41.8	47.2	35.5	48.8	29	-4.83
Net income to minority interests	0.08	-0.53	0.13	0.99	-1.35	0.29	0.75	0.49	0.43	0.38
Net income	52.7	33.1	82.9	132	98.6	118	95.8	111	87.6	-57.3
EBITDA	162	151	216	264	239	252	250	245	221	51.8
EPS, basic	1.64	1.03	2.57	4.10	3.05	3.66	3.06	3.56	2.81	-1.94
EPS, diluted	1.64	1.03	2.57	4.10	3.05	3.65	3.04	3.55	2.80	-1.94
Shares, basic (weighted)	32.1	32.2	32.3	32.3	32.3	32.3	31.3	31.2	31.2	29.6
Shares, diluted (weighted)	32.2	32.2	32.3	32.3	32.4	32.5	31.5	31.3	31.3	29.6
Dividend per share	0.68	0.68	0.69	0.73	0.77	0.81	0.88	1.01	1.05	1.09

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	182	184	198	196	241	302	292	173	115	112
Receivables	171	203	223	218	188	192	200	288	247	235
Inventory	134	137	85.9	95.1	110	118	139	170	146	122
Other current assets	9.25	14.5	21.3	24.1	31.8	32.4	51	53.9	37.1	35
Total current assets	501	544	593	618	717	759	838	878	731	929
Property, plant and equipment	423	454	462	466	449	436	446	602	563	483
Lease right-of-use assets				18.2	17.7	14.4	48.5	50.8	61.7	11.4
Goodwill	160	167	164	181	188	182	178	180	176	163
Intangible assets	66.5	55.4	49.2	52.9	46.9	39.1	33.8	44.6	38.1	21.4
Other non-current assets	29.8	39.5	41.6	62.9	74.7	81.4	103	103	111	54.9
Total assets	1,263	1,361	1,418	1,474	1,550	1,556	1,642	1,835	1,649	1,719
Accounts payable	43.3	44.9	52.2	65.2	49.2	69	69.7	87.1	66.1	64.5
Accrued liabilities	95.2	106	129	126	125	124	126	143	142	139
Deferred revenue			9.03	5.66	8.21	6.96	15.2	7.13	6.09	33.4
Short-term debt	51.7	1.8	1.22	0.02	0.01	0	0	4.22	0	0
Total current liabilities	200	162	189	203	191	208	211	249	226	442
Long-term debt	433	514	524	424	398	350	439	453	319	456
Lease liabilities				14.4	13.6	11	50.2	50.6	61.1	7.42
Other non-current liabilities	107	102	88.3	133	130	108	109	139	139	86.9
Total liabilities	752	788	810	772	730	678	775	868	700	987
Total debt	485	516	525	424	398	350	439	457	319	456
Paid-in capital	426	428	431	433	434	437	442	448	453	460
Retained earnings	523	534	590	698	771	863	931	1,011	1,066	976
Treasury stock	-257	-257	-257	-256	-256	-280	-365	-365	-379	-567
Other comprehensive income	-184	-136	-158	-176
Shareholders' equity	508	570	605	699	816	874	863	961	944	726
Minority interests	3.77	3.25	3.03	4.01	3.8	3.64	4.49	5.95	5.41	5.89
Total equity	511	573	608	703	820	878	868	967	949	732
Total liabilities and equity	1,263	1,361	1,418	1,474	1,550	1,556	1,642	1,835	1,649	1,719
Shares outstanding	32.1	32.2	32.3	32.3	32.3	32.1	31.1	31.2	31.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	52.8	32.6	83	133	97.2	119	96.5	112	88.1	-57
Depreciation and amortization	67.5	72	79	70.8	72.7	74.3	69	76.7	89.3	87.9
Stock-based compensation								6.94	4.72	10.1
Deferred income tax	1.57	-0.48	5.37	12.4	11.5	11.8	-8.04	-4.3	-12.4	-36.3
Change in receivables	-12.7	-21.9	-19.7	9.28	31.5	-7.73	-14.3	-11	31.8	-0.72
Change in inventory	-12.5	3.09	-0.97	-8.92	-13.7	-9.94	-24.5	15.1	14.6	17.6
Change in payables	2.11	2.91	9.34	10.5	-15.6	9.49	8.57	-5.67	-3.08	9.17
Cash from operations	80.9	64.2	132	200	140	217	128	148	218	152
Capital expenditures	-71.2	-85.5	-81.6	-67.4	-41.5	-52.8	-93.7	-83.6	-80.2	-69.8
Acquisitions	-187		0	-30.8	0	0	0	-133	0	0
Cash from investing	-254	-87.6	-82.9	-98.7	-42.4	-53.7	-96.3	-218	-80.2	-68.3
Debt issued	236	115	26	45	75	8	162	78	146	272
Debt repaid	-34.4	-84	-29.9	-120	-101	-56	-73	-92.3	-280	-147
Stock issued	0.52	0.6	0.2	0.11	0.06	0.15	0.02	0	0
Share buybacks				0	0	-23.4	-84.8	0	-14.2	-186
Dividends paid	-21.8	-21.9	-21.9	-23.3	-24.6	-25.9	-26.5	-31.2	-32.5	-32.5
Cash from financing	172	12.9	-27.3	-100	-60.7	-99.6	-23.7	-52.6	-184	-96.1
Exchange rate effect	-2.8	12.5	-8.31	-3.51	8.58	-3.42	-18.5	4.13	-12.6	8.91
Net change in cash	-3.37	1.99	14	-2.22	45.8	60.7	-10.3	-118	-58.1	-2.93
Free cash flow	9.7	-21.3	50.9	133	98.8	165	34.5	64.5	138	82.6
Interest paid	13.7	16	18.8	17.4	15.1	14.9	16	18.7	14.7	24.6
Income taxes paid	23.4	23.7	28.1	25.9	25.1	32.5	50	54.5	47.3	42,438

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $60.98 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	21.1%	Gross profit / revenue.
Operating margin	-2.4%	Operating income / revenue.
EBITDA margin	4.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-4.1%	Pre-tax income / revenue.
Net margin	-4.2%	Net income / revenue.
FCF margin	4.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	9.9%	Cash from operations / revenue.
Return on equity (ROE)	-6.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-3.0%	Net income / average total assets.
Return on invested capital (ROIC)	-2.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	18.0%	Selling, general and administrative expense / revenue.
Capex / revenue	5.0%	Capital expenditures / revenue.
D&A / revenue	6.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-3.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	4.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-39.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-14.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-8.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-127.5%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-76.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-40.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-26.3%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-165.4%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-169.3%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-30.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	5.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	1.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-40.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	33.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-3.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	3.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	7.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	7.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-23.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-5.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-2.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	4.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	1.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.24x	Current assets / current liabilities.
Quick ratio	0.78x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.18x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.60x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	26.3%	Total debt / total assets.
Liabilities / assets	56.1%	Total liabilities / total assets.
Net debt	$373.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	7.68x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$520.7M	Current assets - current liabilities.
Goodwill and intangibles / assets	10.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$565.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.71x	Revenue / average total assets.
Fixed asset turnover	2.62x	Revenue / average property, plant and equipment.
Inventory turnover	6.61x	Cost of revenue / average inventory.
Days inventory	55 days	365 x average inventory / cost of revenue.
Receivables turnover	4.85x	Revenue / average receivables.
Days sales outstanding	75 days	365 x average receivables / revenue.
Days payables	28 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	102 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	51.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$1.79	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$42.80	Revenue / diluted weighted shares.
FCF per share	$2.07	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.22	Cash from operations / diluted weighted shares.
Book value per share	$26.08	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$19.78	Tangible book value / shares outstanding.
Cash per share	$2.71	(Cash + short-term investments) / shares outstanding.
Dividends / FCF	53.5%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	110.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.73B	Share price x shares outstanding.
Enterprise value	$2.11B	Market cap + total debt - cash - short-term investments.
P/S	1.42x	Market cap / revenue.
P/B	2.32x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.06x	Market cap / tangible book value, when positive.
P/FCF	29.3x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	14.4x	Market cap / cash from operations, when positive.
EV/Sales	1.72x	Enterprise value / revenue.
EV/EBITDA	43.3x	Enterprise value / EBITDA, when both are positive.
EV/FCF	35.6x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.4%	Free cash flow / market cap.
Earnings yield	-3.0%	Net income / market cap (the inverse of P/E).
Dividend yield	1.8%	Dividends paid over the period / market cap.
Shareholder yield	5.6%	(Dividends paid + share buybacks) / market cap.

What was ALBANY INTERNATIONAL CORP /DE/'s revenue in fiscal 2025?

ALBANY INTERNATIONAL CORP /DE/ reported revenue of $1.18B for fiscal 2025, 3.9% lower than the year before.

Was ALBANY INTERNATIONAL CORP /DE/ profitable in fiscal 2025?

No. It reported a net loss of $57.3M.

How much free cash flow did ALBANY INTERNATIONAL CORP /DE/ generate in fiscal 2025?

Cash from operations of $152.5M minus capital expenditures of $69.8M left free cash flow of $82.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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