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Apparel & textiles · Consumer Cyclical · Fiscal year ends Dec 31
Albany International reported revenue of $1.2B in the fiscal year ended Dec 2025, down 3.9% from the year before. Operating income was −$36M, an operating margin of −3.1%, and net income was −$57M. Operating cash flow of $152M less capital expenditure of $70M left free cash flow of $83M. Net debt was $343M.
Ranks among the 16 apparel & textiles companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 929 | 1,035 | 1,148 | 1,231 | 1,183 |
| Cost of revenue | 551 | 645 | 724 | 829 | 939 |
| Gross profit | 378 | 390 | 424 | 402 | 244 |
| Research & development | 38.9 | 39.9 | 40.6 | – | – |
| Selling, general & admin | 160 | 169 | 215 | 211 | 218 |
| Operating income | 178 | 181 | 168 | 131 | −36.1 |
| Interest expense | 17.4 | 17.8 | 20.2 | 16.6 | 25.8 |
| Pre-tax income | 166 | 132 | 160 | 117 | −61.8 |
| Income tax | 47.2 | 35.5 | 48.8 | 29.0 | −4.8 |
| Net income | 118 | 95.8 | 111 | 87.6 | −57.3 |
| Diluted EPS | 3.65 | 3.04 | 3.55 | 2.80 | −1.94 |
| Diluted shares | 32.5 | 31.5 | 31.3 | 31.3 | 29.6 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 302 | 292 | 173 | 115 | 112 |
| Receivables | 192 | 200 | 288 | 247 | 235 |
| Inventory | 118 | 139 | 170 | 146 | 122 |
| Current assets | 759 | 838 | 878 | 731 | 929 |
| Net PP&E | 436 | 446 | 602 | 563 | 483 |
| Goodwill | 182 | 178 | 180 | 176 | 163 |
| Total assets | 1,556 | 1,642 | 1,835 | 1,649 | 1,719 |
| Payables | 69.0 | 69.7 | 87.1 | 66.1 | 64.5 |
| Deferred revenue | 7.0 | 15.2 | 7.1 | 6.1 | 33.4 |
| Current liabilities | 208 | 211 | 249 | 226 | 442 |
| Short-term debt | 0.0 | 0.0 | 4.2 | 0.0 | 0.0 |
| Long-term debt | 350 | 439 | 453 | 319 | 456 |
| Total liabilities | 678 | 775 | 868 | 700 | 987 |
| Shareholders' equity | 874 | 863 | 961 | 944 | 726 |
| Backlog (remaining obligations) | 278 | 553 | 1,200 | 1,100 | 1,000 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 217 | 128 | 148 | 218 | 152 |
| Capital expenditure | 52.8 | 93.7 | 83.6 | 80.2 | 69.8 |
| Free cash flow | 165 | 34.5 | 64.5 | 138 | 82.6 |
| Depreciation & amortisation | 74.3 | 69.0 | 76.7 | 89.3 | 87.9 |
| Stock-based compensation | – | – | 6.9 | 4.7 | 10.1 |
| Acquisitions | 0.0 | 0.0 | 133 | 0.0 | 0.0 |
| Share buybacks | 23.4 | 84.8 | 0.0 | 14.2 | 186 |
| Dividends paid | 25.9 | 26.5 | 31.2 | 32.5 | 32.5 |
| Dividend per share | 0.81 | 0.88 | 1.01 | 1.05 | 1.09 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.4% | 10.9% | 7.2% | −3.9% |
| Operating income growth (YoY) | – | 1.7% | −7.3% | −21.8% | −127.5% |
| EPS growth (YoY) | – | −16.7% | 16.8% | −21.1% | −169.3% |
| Gross margin | 40.7% | 37.7% | 36.9% | 32.6% | 20.6% |
| Operating margin | 19.2% | 17.5% | 14.6% | 10.7% | −3.1% |
| Net margin | 12.7% | 9.3% | 9.7% | 7.1% | −4.8% |
| Return on equityBlank when equity is negative | 13.6% | 11.1% | 11.6% | 9.3% | −7.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 13.2% | 12.7% | 10.6% | 9.2% | −2.8% |
| Free cash flow margin | 17.7% | 3.3% | 5.6% | 11.2% | 7.0% |
| Cash conversion (CFO ÷ net income) | 1.84x | 1.34x | 1.33x | 2.49x | −2.66x |
| Receivable days | 75 | 71 | 92 | 73 | 73 |
| Inventory days | 78 | 79 | 85 | 64 | 47 |
| Payable days | 46 | 39 | 44 | 29 | 25 |
| Interest cover | 10.2x | 10.1x | 8.33x | 7.91x | −1.40x |
| Debt ÷ equity | 0.40x | 0.51x | 0.48x | 0.34x | 0.63x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 48.0 | 147 | 283 | 203 | 343 |
| Current ratio | 3.65x | 3.97x | 3.53x | 3.23x | 2.10x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.