Albany International Corporation
AIN Consumer Cyclical Textile Manufacturing
Albany International Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, down 3.88% from fiscal 2024. In the quarter to June 2026, revenue grew 5.81%, EPS grew 96.8%, free cash flow fell 181.8% and total debt rose 1.35%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
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Albany International Corporation (AIN) Altman Z-score
Albany International Corporation's Altman Z-score for fiscal 2025 is 2.67, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.67 | (1.76) |
| FY2024 | 4.42 | 0.20 |
| FY2023 | 4.23 | (0.41) |
| FY2022 | 4.64 | (0.07) |
| FY2021 | 4.71 | 0.72 |
| FY2020 | 3.99 | (0.07) |
| FY2019 | 4.06 | 0.63 |
| FY2018 | 3.43 | 0.21 |
| FY2017 | 3.22 | 0.30 |
| FY2016 | 2.91 | (0.45) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.34 | |
| Retained earnings / total assets | 0.57 | — | 0.80 | |
| EBIT / total assets | (0.02) | — | −0.07 | |
| Market value of equity / total liabilities | 1.52 | — | 0.91 | |
| Sales / total assets | 0.69 | — | 0.69 | |
| Altman Z-score | Grey zone | 2.67 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.35 | ||
Z and Z″ put Albany International Corporation in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SMJF SMJ International Holdings Inc. compare | 6.9× |
| PASW Ping An Biomedical Co., Ltd. compare | 4.3× |
| UFI Unifi, Inc. compare | 2.8× |
| AIN Albany International Corporation | 2.7× |
| CULP Culp, Inc. compare | 2.4× |
| DXYN The Dixie Group, Inc. compare | −0.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets