Applied Industrial Technologies Inc (AIT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$2.92	$3.17	+8.6%	—	—	—
Q4 26	$2.65	$2.65	0.0%	—	—	—
Q3 26	$2.5	$2.51	+0.4%	—	—	—
Q2 26	$2.48	$2.63	+6.0%	—	—	—
Q1 26	$2.63	$2.8	+6.5%	—	—	—
Q4 25	$2.41	$2.57	+6.6%	—	—	—
Q3 25	$2.21	$2.39	+8.1%	—	—	—
Q2 25	$2.26	$2.36	+4.4%	—	—	—
Q1 25	$2.51	$2.65	+5.6%	—	—	—
Q4 24	$2.4	$2.47	+2.9%	—	—	—
Q3 24	$2.11	$2.24	+6.2%	—	—	—
Q2 24	$2.09	$2.39	+14.4%	—	—	—
Q1 24	$2.17	$2.35	+8.3%	—	—	—
Q4 23	$2.15	$2.38	+10.7%	—	—	—
Q3 23	$1.67	$2.05	+22.8%	—	—	—
Q2 23	$1.63	$1.97	+20.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$11.1	—	—	$5B	—
FY25	—	—	—	—	$4.6B	—
FY24	—	$9.98	—	—	$4.5B	—
FY23	—	$8.98	—	—	$4.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$2.6B	$3.1B	$3.5B	$3.2B	$3.2B	$3.8B	$4.4B	$4.5B	$4.6B	$5B
YoY change	+2.95%	+18.5%	+13%	-6.54%	-0.3%	+17.8%	+15.8%	+1.51%	+1.88%	+8.84%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2.6B	3.1B	3.5B	3.2B	3.2B	3.8B	4.4B	4.5B	4.6B	5B
Cost of revenue	1.9B	2.2B	2.5B	2.3B	2.3B	2.7B	3.1B	3.1B	3.2B	3.5B
Gross profit	737.7M	884M	1B	937.7M	935.5M	1.1B	1.3B	1.3B	1.4B	1.5B
Gross margin	28.4%	28.8%	29%	28.9%	28.9%	29%	29.2%	29.8%	30.3%	30.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	562.3M	658.2M	741.8M	718M	680.8M	749.7M	815.3M	840.9M	884.6M	957.3M
Operating expenses	562.3M	658.2M	741.8M	718M	680.8M	749.7M	815.3M	840.9M	884.6M	957.3M
Operating income	175.4M	225.8M	265.9M	219.8M	254.7M	357.2M	471.7M	495.7M	498.5M	549.5M
Operating margin	6.76%	7.35%	7.66%	6.77%	7.87%	9.37%	10.7%	11.1%	10.9%	11.1%
Non-operating income, net	121K	2.4M	-31.2M	-128M	-47M	-1.2M	-231K	5.3M	3M	2.7M
Pretax income	167M	204.7M	194.5M	55.2M	177.1M	329.8M	449.8M	498.1M	501M	544.3M
Income tax	33.1M	63.1M	50.5M	31.2M	32.3M	72.4M	103.1M	112.4M	108M	129.7M
Net income	133.9M	141.6M	144M	24M	144.8M	257.4M	346.7M	385.8M	393M	414.5M
Net margin	5.16%	4.61%	4.15%	0.74%	4.47%	6.76%	7.86%	8.61%	8.61%	8.35%
EBITDA	214.5M	276.1M	328.6M	283.3M	310.3M	411.3M	528.1M	565.8M	576.7M	625.1M
EPS	3.43	3.65	3.72	0.62	3.73	6.69	8.98	9.98	—	11.1
Diluted EPS	3.4	3.61	3.68	0.62	3.68	6.58	8.84	9.83	—	10.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.3B	1.4B
Cost of revenue	770.1M	760.1M	808.1M	804.4M	773.9M	745M	811.5M	850M	838.1M	809.7M	870.6M	941.5M
Gross profit	325.1M	317.1M	338.2M	356.2M	325.1M	328.1M	355.3M	374.7M	361.4M	353.3M	380.8M	411.2M
Gross margin	29.7%	29.4%	29.5%	30.7%	29.6%	30.6%	30.5%	30.6%	30.1%	30.4%	30.4%	30.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	204.4M	202.5M	217.1M	216.9M	211.9M	207.2M	225.9M	239.5M	232.4M	230.1M	242.9M	251.9M
Operating expenses	204.4M	202.5M	217.1M	216.9M	211.9M	207.2M	225.9M	239.5M	232.4M	230.1M	242.9M	251.9M
Operating income	120.7M	114.6M	121.2M	139.3M	113.2M	120.9M	129.4M	135.2M	129M	123.2M	137.9M	159.3M
Operating margin	11%	10.6%	10.6%	12%	10.3%	11.3%	11.1%	11%	10.8%	10.6%	11%	11.8%
Non-operating income, net	-431K	2.9M	1.8M	958K	2.3M	755K	-1.3M	1.2M	548K	505K	-350K	2M
Pretax income	118.9M	115.6M	122.7M	140.9M	116.1M	122.6M	127.3M	135M	128.6M	122.8M	135.1M	157.8M
Income tax	25.1M	24.4M	25.4M	37.4M	24M	29.3M	27.5M	27.2M	27.8M	27.4M	35.4M	39.2M
Net income	93.8M	91.2M	97.2M	103.5M	92.1M	93.3M	99.8M	107.8M	100.8M	95.3M	99.8M	118.6M
Net margin	8.57%	8.47%	8.48%	8.92%	8.38%	8.69%	8.55%	8.8%	8.4%	8.2%	7.97%	8.77%
EBITDA	134.1M	125M	134M	170.1M	124.5M	133.6M	147.4M	171.2M	145.2M	139.4M	154.6M	185.9M
EPS	2.42	2.35	2.51	2.68	2.4	2.43	2.6	2.84	2.67	2.54	2.68	3.21
Diluted EPS	2.39	2.32	2.48	2.64	2.36	2.39	2.57	2.8	2.63	2.51	2.65	3.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	2.3B	2.7B	2.4B	2.4B	3.5B	3.7B	5.6B	7.5B	—	12.6B	12.4B
Enterprise value	2.5B	3.6B	3.2B	3.1B	4.1B	4.2B	5.9B	7.6B	—	12.8B	12.6B
Shares outstanding	39M	38.8M	38.7M	38.7M	38.8M	38.5M	38.6M	38.7M	—	37.4M	37.4M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	17.2	19.2	16.5	100.3	24.4	14.4	16.1	19.4	—	30.5	30.8
P/S	0.89	0.88	0.69	0.74	1.09	0.97	1.27	1.67	—	2.54	2.5
P/B	3.09	3.34	2.65	2.86	3.78	3.22	3.83	4.44	—	6.79	6.85
EV/EBITDA	11.6	13.1	9.83	10.9	13.2	10.2	11.1	13.5	—	20.4	20.5
EV/Sales	0.96	1.18	0.93	0.95	1.27	1.1	1.33	1.71	—	2.57	2.54
Earnings yield	5.81%	5.21%	6.05%	1%	4.1%	6.96%	6.2%	5.14%	—	3.28%	3.24%
FCF yield	6.41%	4.56%	6.79%	11.5%	6.4%	4.58%	5.68%	4.62%	—	3.64%	2.93%
PEG	—	—	—	—	—	—	—	—	—	—	2.37

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	28.4%	28.8%	29%	28.9%	28.9%	29%	29.2%	29.8%	30.3%	30.3%	30.4%
Operating margin	6.76%	7.35%	7.66%	6.77%	7.87%	9.37%	10.7%	11.1%	10.9%	11.1%	11.8%
Net margin	5.16%	4.61%	4.15%	0.74%	4.47%	6.76%	7.86%	8.61%	8.61%	8.35%	8.35%
ROE	18%	17.4%	16.1%	2.85%	15.5%	22.4%	23.8%	22.8%	21.3%	22.3%	22.4%
ROA	9.65%	6.2%	6.18%	1.05%	6.37%	10.5%	12.6%	13.1%	12.4%	13.8%	11.1%
ROIC	15.1%	9.06%	11.3%	6.34%	13.9%	16.9%	20.9%	21%	19.3%	21%	21%
Return on tangible assets	20.7%	117.5%	53.3%	4.66%	24.4%	31.2%	31.1%	31.6%	36.4%	42.5%	42.5%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.85	2.45	2.71	2.72	2.8	2.72	3.05	3.53	3.32	2.58	2.58
Quick ratio	1.73	1.47	1.65	1.81	1.95	1.82	2.12	2.56	2.36	1.75	1.75
Debt / equity	0.39	1.18	1.07	1.11	0.89	0.6	0.43	0.35	0.31	0.14	0.26
Debt / assets	0.21	0.42	0.41	0.41	0.36	0.28	0.23	0.2	0.18	0.09	0.09
Net debt / EBITDA	0.87	3.29	2.59	2.35	1.84	1.23	0.53	0.24	0.32	0.22	0.22
Interest coverage	19.9	9.48	5.77	2.48	6.75	13.3	19.1	25.2	28.5	32.3	32.3
Effective tax rate	19.8%	30.8%	26%	56.5%	18.2%	21.9%	22.9%	22.6%	21.6%	23.8%	23.8%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	66.5	79.3	89.8	84	83.5	99.1	114.3	115.8	—	132.9	132.9
EPS (basic)	3.43	3.65	3.72	0.62	3.73	6.69	8.98	9.98	—	11.1	11.1
EPS (diluted)	3.4	3.61	3.68	0.62	3.68	6.58	8.84	9.83	—	10.9	10.9
Book value per share	19.1	21	23.2	21.8	24.1	29.9	37.8	43.7	—	49.8	49.2
FCF per share	3.78	3.2	4.18	7.16	5.83	4.4	8.23	8.96	—	12.3	12.3
Cash per share	2.69	1.4	2.8	6.95	6.65	4.8	8.91	11.9	—	3.4	3.46
Capex per share	0.07	0.03	0.03	0.05	0.03	0.03	0.04	0.01	—	0.63	0.63

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.11%	0.03%	0.03%	0.06%	0.04%	0.03%	0.03%	0.01%	0.6%	0.47%	0.47%
Capex / operating cash flow	1.78%	0.63%	0.91%	1.31%	0.63%	0.61%	0.43%	0.16%	5.52%	4.87%	4.87%
Payout ratio	33.3%	32.4%	32.8%	203.3%	35%	20.1%	15.4%	14.5%	16.2%	17.5%	17.7%
Dividend yield	1.94%	1.69%	1.99%	2.03%	1.44%	1.4%	0.96%	0.74%	—	0.57%	0.6%

Yield

0.6%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.51

ex-dividend Aug 14, 2026

Payout ratio

18%

of earnings

Dividend growth

16 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.51
May 15, 2026	$0.51
Feb 13, 2026	$0.51

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$1.1B	$1.1B	$1.1B	$1.2B	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B	$1.2B	$1.3B	$1.4B
YoY change	+3.09%	+1.59%	+1.27%	+0.22%	+0.34%	-0.39%	+1.78%	+5.52%	+9.15%	+8.39%	+7.26%	+10.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	105.1M	54.1M	108.2M	268.6M	257.7M	184.5M	344M	460.6M	388.4M	127.1M
Receivables	390.9M	548.8M	540.9M	450M	516.3M	656.4M	708.4M	724.9M	769.7M	831.2M
Inventory	345.1M	422.1M	447.6M	389.1M	362.5M	449.8M	501.2M	488.3M	505.3M	509M
Total current assets	882.5M	1.1B	1.1B	1.2B	1.2B	1.4B	1.6B	1.8B	1.7B	1.6B
Property, plant & equipment	173M	194.7M	212.5M	303.4M	95.6M	111.8M	105.8M	136.6M	200.1M	228M
Goodwill & intangibles	739.4M	2.2B	2.1B	1.8B	1.7B	1.6B	1.6B	1.7B	2.1B	2B
Total assets	1.4B	2.3B	2.3B	2.3B	2.3B	2.5B	2.7B	3B	3.2B	3B
Accounts payable	180.6M	256.9M	237.3M	186.3M	208.2M	259.5M	301.7M	266.9M	280.1M	341.1M
Short-term debt	4.8M	19.2M	49M	78.6M	43.5M	40.2M	25.2M	25.1M	—	—
Total current liabilities	309.8M	432.6M	423.8M	426.1M	427.7M	499.6M	540.3M	501.1M	526.2M	612.4M
Long-term debt	286.8M	944.5M	908.9M	855.1M	784.9M	649.1M	596.9M	572.3M	572.3M	262.3M
Total liabilities	642.3M	1.5B	1.4B	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B	1.1B
Shareholders' equity	745.3M	815M	897M	843.5M	932.5M	1.1B	1.5B	1.7B	1.8B	1.9B
Total debt	291.6M	963.7M	957.9M	933.8M	828.4M	689.3M	622.1M	597.3M	572.3M	262.3M
Net debt	186.5M	909.6M	849.7M	665.2M	570.6M	504.9M	278.1M	136.7M	183.9M	135.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	360.4M	412.9M	456.5M	460.6M	538.5M	303.4M	352.8M	388.4M	418.7M	406M	171.6M	127.1M
Receivables	694.9M	659.2M	710.2M	724.9M	691.5M	696.2M	754.6M	769.7M	753.4M	706.9M	792.8M	831.2M
Inventory	507.6M	520.2M	503.9M	488.3M	497.6M	518M	500.6M	505.3M	521.7M	529M	526.3M	509M
Total current assets	1.6B	1.7B	1.8B	1.8B	1.8B	1.6B	1.7B	1.7B	1.8B	1.7B	1.6B	1.6B
Property, plant & equipment	215.8M	218.2M	210.9M	136.6M	264.1M	320.7M	318.1M	200.1M	315.3M	311.4M	309.9M	228M
Goodwill & intangibles	1.6B	1.6B	1.6B	1.7B	1.7B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2B
Total assets	2.8B	2.8B	2.9B	3B	3B	3B	3.1B	3.2B	3.2B	3.2B	3B	3B
Accounts payable	259.8M	253.7M	271.2M	266.9M	265.1M	240.9M	282.2M	280.1M	276.9M	258.2M	303.1M	341.1M
Short-term debt	25.2M	25.2M	25.1M	25.1M	25M	—	—	—	—	—	18M	—
Total current liabilities	466.6M	449.1M	468.4M	501.1M	478.3M	429.4M	474.2M	526.2M	497.8M	475.5M	536.6M	612.4M
Long-term debt	596.9M	571.9M	571.9M	572.3M	572.3M	572.3M	572.3M	572.3M	572.3M	572.3M	347.3M	262.3M
Total liabilities	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.1B	1.1B
Shareholders' equity	1.5B	1.6B	1.7B	1.7B	1.8B	1.8B	1.8B	1.8B	1.9B	1.9B	1.9B	1.9B
Total debt	622.1M	597M	597M	597.3M	597.3M	572.3M	572.3M	572.3M	572.3M	572.3M	365.3M	262.3M
Net debt	261.6M	184.2M	140.4M	136.7M	58.8M	268.9M	219.5M	183.9M	153.6M	166.3M	193.7M	135.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	133.9M	141.6M	144M	24M	144.8M	257.4M	346.7M	385.8M	393M	414.5M
Depreciation & amortization	39.7M	49.9M	62.1M	62.7M	55.1M	53.6M	53.1M	52.4M	60.5M	65.9M
Stock-based compensation	3.6M	4.7M	4.5M	4M	6.5M	8.6M	9.6M	9.5M	7.3M	7.4M
Change in working capital	-10.1M	-42.3M	-102.5M	73.7M	6.4M	-151.9M	-69.3M	-77.1M	26.9M	-38.9M
Operating cash flow	164.4M	155.5M	110.4M	148.7M	183.1M	181.1M	335.6M	368.1M	492.4M	484.1M
Capital expenditure	2.9M	978K	1M	1.9M	1.2M	1.1M	1.4M	576K	-27.2M	-23.6M
Investing cash flow	151K	-774.7M	-36.1M	-35.3M	-29.1M	-17.5M	-34.4M	-70.5M	-320.6M	-35M
Dividends paid	-44.6M	-45.9M	-47.3M	-48.9M	-50.7M	-51.8M	-53.4M	-55.9M	-63.7M	-72.6M
Share repurchases	-8.2M	-22.8M	-11.2M	0	-40.1M	-13.8M	-716K	-73.4M	-152.8M	-317.2M
Financing cash flow	-104M	619.7M	-91M	-78.6M	-213.2M	187M	-154M	-156.6M	-245.6M	-711.5M
Net change in cash	60.6M	515K	-16.7M	34.8M	-59.2M	350.6M	147.2M	141M	-73.8M	-262.4M
Free cash flow	147.6M	124.1M	161.6M	276.6M	225.8M	169.4M	317.5M	346.5M	465.2M	460.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	93.8M	91.2M	97.2M	103.5M	92.1M	93.3M	99.8M	107.8M	100.8M	95.3M	99.8M	118.6M
Depreciation & amortization	13.1M	13.3M	12.8M	13.2M	13.5M	13.5M	16.8M	16.7M	16.7M	16.7M	16.3M	16.3M
Stock-based compensation	2M	2.3M	3.3M	2M	1.7M	1.4M	2.7M	1.5M	1.8M	1.4M	2.1M	2M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	109.7M	55.5M	160.8M	120.3M	108.8M	108M	116.9M	147M	119.3M	99.7M	100.1M	165M
Capital expenditure	123K	348K	43K	62K	831K	91K	100K	-8.9M	-7.3M	-6.3M	-4.7M	-5.3M
Investing cash flow	-21.3M	348K	43K	-50.6M	-9.7M	-262.6M	-70K	-29M	-9.6M	-6.4M	-13.7M	-5.3M
Dividends paid	-13.6M	-13.6M	-14.4M	-14.4M	-14.2M	-14.3M	-17.7M	-17.5M	-17.4M	-17.3M	-19M	-18.9M
Share repurchases	0	-10.7M	-18.2M	-44.5M	-10M	-20.1M	-49.7M	-73M	-53.2M	-90.2M	-93M	-80.8M
Financing cash flow	-22.5M	-46.9M	-31.9M	-55.7M	-34M	-57.1M	-66.1M	-88.4M	-78.6M	-108.5M	-320.1M	-204.4M
Net change in cash	65.9M	9M	128.9M	14M	65.1M	-211.6M	50.8M	29.6M	31.2M	-15.3M	-233.7M	-44.6M
Free cash flow	61.9M	96.2M	76.7M	111.7M	122.2M	89.9M	114.9M	138.2M	112M	93.4M	95.4M	159.7M

Date	Ratio
Jun 16, 2006	3:2
Dec 20, 2004	3:2
Sep 16, 1997	3:2
Dec 5, 1995	3:2
Jun 5, 1989	3:2
Jun 6, 1988	3:2

Applied Industrial Technologies Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history