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World's largest maker of the fabrics/belts that run paper-machines, plus advanced composite parts for jet engines.
World's largest maker of the fabrics/belts that run paper-machines, plus advanced composite parts for jet engines.
Paper-machine fabrics wear out and are replaced within weeks or months, so Machine Clothing brings steady repeat sales tied to paper output. Engineered Composites works the other way: long-term programmes on engine components built to aircraft designs, so volumes follow engine production rates, with CFM's LEAP engine a major programme.
Moat: wide (scale, switching costs, process know-how). Long-term paper-mill contracts and engine-parts qualification make it very costly for customers to switch.
Headquarters: Rochester, New Hampshire · Founded: 1895 · Employees: 5,700
Size Albany International (AIN) is a United States Consumer Discretionary company (Textiles) with a market value of $1.91B, the 1827th largest of 3,117 United States companies the cockpit tracks. Shares closed at $67.28 on 6 Nov 2026.
Performance Over six months the shares gained 7.6%, against -9.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 14.2% over the last twelve months (peer median +4.0%); the operating margin is 12.9% (peer median 9.0%).
Valuation It trades at 22.5× forward earnings against a peer median of 13.3× (4th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.0 points above its cost of capital (9.7% WACC).
Backlog Backlog (remaining performance obligations) was $1.00B at 31 Mar 2026, down 9% on a year earlier — 0.8 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.31B | $1.18B | $1.23B | $1.15B | $1.03B |
| Revenue growth | — | -4% | +7% | +11% | — |
| Gross profit | $448M | $244M | $395M | $417M | $384M |
| EBITDA | $256M | $71.7M | $230M | $249M | $250M |
| Net income | $88.3M | -$57.3M | $87.6M | $111M | $95.8M |
| Free cash flow | $69.3M | $81.0M | $137M | $63.6M | $31.9M |
| Capital expenditure | $56.0M | $71.5M | $81.2M | $84.4M | $96.3M |
| Total debt | $422M | $467M | $387M | $515M | $495M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Albany International AIN | $1.91B | +8% | +14% | 13% | 22.5× | 8.5% |
| Safran SAF.PA | $138B | +4% | +14% | 13% | 28.5× | 22.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AIN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.2% | -8.6% | 4th highest of 21 |
| 6-month return | +7.6% | -9.6% | 6th highest of 21 |
| Distance from 52-week high | -12.6% | -23.5% | 4th highest of 21 |
| Revenue growth (TTM) | +14.2% | +4.0% | 5th highest of 21 |
| Operating margin | 12.9% | 9.0% | 6th highest of 21 |
| Forward P/E | 22.5× | 13.3× | 4th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 8.5% | 1.0% | 6th most demanding of 18 |
| Growth delivered (Del g) | +5.6% | +3.3% | 6th highest of 18 |
| Hurdle (Req g minus delivered) | +2.9 pp | +3.2 pp | 9th least demanding of 18 |
| ROIC minus cost of capital | +2.0 pp | +0.4 pp | 10th highest of 21 |
| EV / EBITDA | 8.8× | 8.7× | 4th cheapest of 7 |
| Net debt / EBITDA | 1.3× | 2.5× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Albany International AIN | United States | $1.91B | +8% | +14% | 13% | 22.5× | 8.5% | +5.6% |
| OC Oerlikon OERL.SW | Switzerland | $1.99B | +41% | -21% | 8% | 15.8× | 1.0% | -7.0% |
| North Chemical Industries 002246.SZ | China | $1.80B | -10% | +17% | 15% | 28.4× | 8.3% | +3.0% |
| Tangshan Sanyou Chemical Industries 600409.SS | China | $1.72B | -28% | +1% | 1% | 24.0× | 4.5% | +1.3% |
| Ruentex Industries 2915.TW | Taiwan | $1.72B | +23% | -25% | 10% | 6.9× | 48.3% | -2.4% |
| Bros Eastern 601339.SS | China | $1.72B | -16% | +11% | 11% | 11.8× | -8.3% | +5.2% |
| Coats COA.L | United Kingdom | $2.14B | +2% | +5% | 15% | 11.2× | 11.6% | +4.1% |
| HMT (Xiamen) New Technical Materials 603306.SS | China | $2.18B | -56% | -1% | 0% | 57.4× | 50.6% | +21.4% |
| Luolai Lifestyle Technology 002293.SZ | China | $1.55B | +10% | +6% | 14% | 16.4× | -2.6% | -0.2% |
| Billion Industrial 2299.HK | Hong Kong | $1.48B | +136% | +13% | 6% | n/a | -8.7% | +15.6% |
| Xinxiang Chemical Fiber 000949.SZ | China | $1.46B | -27% | +19% | 8% | 12.5× | -3.3% | +12.2% |
| Nitto Boseki 3110.T | Japan | $2.85B | -58% | +12% | 20% | 19.3× | n/a | n/a |
| Sunvim 002083.SZ | China | $1.16B | -20% | +19% | 17% | 9.8× | -12.1% | +3.3% |
| Kurabo Industries 3106.T | Japan | $1.10B | +33% | -3% | 7% | n/a | 8.2% | +3.3% |
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 10.2× | -5.0% | +20.7% |
| Shanghai Haixin 600851.SS | China | $1.08B | +4% | -15% | 7% | n/a | n/a | n/a |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 10.7× | -4.9% | +11.7% |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | n/a | 16.2% | +4.4% |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | n/a | 35.4% | -3.9% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | n/a | n/a | n/a |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 14.0× | -1.3% | -2.1% |
Albany International reported $1.00B of remaining performance obligations at 31 Mar 2026, down 9% from a year earlier and flat from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.