Company / R&D Expense
Albany International Corp. R&D Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$38.9M
FY2023
5-year range
$25.8M / $38.9M
FY2019-FY2023
Trend
+50.8%
vs FY2022
Sector context
#120 of 174
Industrials
What the data says
At $39M, Albany International Corp.'s r&d expense ranks #120 of 174 in the Industrials sector. R&D Expense returned to growth in FY2023 after 2 years of decline, reaching $39M.
Based on SEC 10-K filings.
$39M in FY2023 with a 5-year CAGR of +6.2%.
Improved from $27M to $39M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +9.3%
- 5-Year CAGR
- +6.2%
- 10-Year CAGR
- -
Sector benchmark
#120 of 174 in IndustrialsTop 69% of 174This company $38.9M Sector average $273.7M
▼
-85.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +6.2%, indicating consistent growth.
- In FY2023, r&d expense increased 50.8% year-over-year.
- Ranks #120 out of 174 companies in the Industrials sector.
- Lowest r&d expense in the period was in FY2022.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $38.9M | +50.8% |
| FY2022 | $25.8M | -4.1% |
| FY2021 | $26.9M | -9.7% |
| FY2020 | $29.8M | +10.8% |
| FY2019 | $26.9M | -6.6% |
| FY2018 | $28.8M | -9.1% |
| FY2017 | $31.7M | -2.2% |
| FY2016 | $32.4M | +2.2% |
As of FY2023 · SEC 10-K · Updated Jul 2, 2026