NYSE : AIT
Applied Industrial Technologies, Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 302.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.04B
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Financial statements
Applied Industrial Technologies, Inc. (AIT) reported revenue of 5.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.06B | 4.97B | 4.56B | 4.48B | 4.41B | 3.81B |
| Cost of Revenue | 3.52B | 3.46B | 3.18B | 3.14B | 3.13B | 2.70B |
| Gross Profit | 1.54B | 1.51B | 1.38B | 1.34B | 1.29B | 1.11B |
| Selling, General & Admin | 933.58M | 917.36M | 847.59M | 812.02M | 783.29M | 717.79M |
| Amortization of Goodwill & Intangibles | 40.07M | 40.07M | 35.58M | 28.92M | 30.80M | 31.88M |
| Operating Expenses | 973.65M | 957.43M | 883.17M | 840.94M | 814.10M | 749.67M |
| Operating Income | 563.92M | 549.36M | 499.99M | 495.71M | 472.87M | 357.25M |
| Interest Expense | -19.48M | -17.39M | -18.21M | -20.54M | -24.79M | -26.79M |
| Interest & Investment Income | 9.45M | 9.45M | 17.60M | 17.71M | 3.15M | 522.00K |
| Currency Exchange Gain (Loss) | -1.11M | -2.60M | -529.00K | 1.10M | -3.28M | 65.00K |
| Other Non Operating Income (Expenses) | 3.85M | 5.46M | 3.72M | 4.15M | 3.05M | -1.26M |
| EBT Excluding Unusual Items | 556.63M | 544.27M | 502.57M | 498.13M | 451.00M | 329.79M |
| Merger & Restructuring Charges | -1.61M | |||||
| Other Unusual Items | -1.18M | |||||
| Pretax Income | 556.63M | 544.27M | 500.97M | 498.13M | 449.81M | 329.79M |
| Income Tax Expense | 132.51M | 129.75M | 107.98M | 112.37M | 103.07M | 72.38M |
| Net Income | 424.12M | 414.52M | 392.99M | 385.76M | 346.74M | 257.41M |
| Net Income to Common | 424.12M | 414.52M | 392.99M | 385.76M | 346.74M | 257.41M |
| Shares Outstanding (Basic) | 37.11M | 37.38M | 38.29M | 38.67M | 38.59M | 38.47M |
| Shares Outstanding (Diluted) | 37.58M | 37.86M | 38.82M | 39.26M | 39.22M | 39.10M |
| EPS (Basic) | 11.43 | 11.09 | 10.26 | 9.98 | 8.98 | 6.69 |
| EPS (Diluted) | 11.29 | 10.95 | 10.12 | 9.83 | 8.84 | 6.58 |
| Free Cash Flow | 421.86M | 460.52M | 465.20M | 346.53M | 317.49M | 169.45M |
| Free Cash Flow Per Share | 11.22 | 12.16 | 11.98 | 8.83 | 8.10 | 4.33 |
| Dividend Per Share | 1.99 | 1.94 | 1.66 | 1.44 | 1.38 | 1.34 |
| Gross Margin | 30.40% | 30.34% | 30.31% | 29.84% | 29.16% | 29.05% |
| Operating Margin | 11.15% | 11.06% | 10.96% | 11.07% | 10.72% | 9.38% |
| Profit Margin | 8.38% | 8.35% | 8.61% | 8.61% | 7.86% | 6.75% |
| Free Cash Flow Margin | 8.34% | 9.27% | 10.19% | 7.74% | 7.20% | 4.45% |
| EBITDA | 629.47M | 615.30M | 560.47M | 548.06M | 525.94M | 410.80M |
| EBITDA Margin | 12.44% | 12.39% | 12.28% | 12.23% | 11.92% | 10.78% |
| D&A For EBITDA | 65.55M | 65.95M | 60.48M | 52.35M | 53.07M | 53.55M |
| EBIT | 563.92M | 549.36M | 499.99M | 495.71M | 472.87M | 357.25M |
| EBIT Margin | 11.15% | 11.06% | 10.96% | 11.07% | 10.72% | 9.38% |
| Effective Tax Rate | 23.81% | 23.84% | 21.55% | 22.56% | 22.91% | 21.95% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 112.24M | 127.13M | 388.42M | 460.62M | 344.04M | 184.47M |
| Trading Asset Securities | 5.50M | |||||
| Cash & Short-Term Investments | 112.24M | 127.13M | 393.92M | 460.62M | 344.04M | 184.47M |
| Receivables | 844.84M | 859.95M | 781.36M | 737.53M | 726.31M | 674.48M |
| Inventory | 533.25M | 508.98M | 505.34M | 488.26M | 501.18M | 449.82M |
| Other Current Assets | 63.28M | 82.67M | 66.86M | 83.50M | 75.28M | 50.76M |
| Total Current Assets | 1.55B | 1.58B | 1.75B | 1.77B | 1.65B | 1.36B |
| Property, Plant & Equipment | 352.16M | 344.85M | 316.81M | 251.82M | 215.72M | 219.95M |
| Long-Term Investments | 31.04M | 30.68M | 25.63M | 22.52M | 18.64M | 15.32M |
| Goodwill | 704.51M | 704.70M | 699.37M | 619.39M | 578.42M | 563.21M |
| Other Intangible Assets | 303.15M | 312.81M | 348.60M | 245.87M | 235.55M | 250.59M |
| Long-Term Deferred Tax Assets | 8.68M | 12.26M | 11.31M | 9.99M | 5.68M | |
| Other Long-Term Assets | 39.29M | 29.52M | 25.40M | 31.10M | 38.21M | 38.32M |
| Total Assets | 2.98B | 3.01B | 3.18B | 2.95B | 2.74B | 2.45B |
| Accounts Payable | 293.02M | 341.09M | 280.12M | 266.95M | 301.69M | 259.46M |
| Accrued Expenses | 77.97M | 109.06M | 99.63M | 93.20M | 98.74M | 91.17M |
| Current Portion of Long-Term Debt | 25.05M | 25.17M | 40.17M | |||
| Current Portion of Leases | 52.91M | 39.78M | 33.47M | 31.17M | 30.11M | |
| Current Unearned Revenue | 32.33M | 30.65M | 29.24M | |||
| Other Current Liabilities | 134.92M | 78.70M | 77.38M | 82.43M | 83.58M | 78.71M |
| Total Current Liabilities | 538.23M | 612.41M | 526.15M | 501.10M | 540.34M | 499.63M |
| Long-Term Debt | 282.30M | 262.30M | 572.30M | 572.28M | 596.93M | 649.15M |
| Long-Term Leases | 168.23M | 158.54M | 104.14M | 72.70M | 80.81M | |
| Long-Term Deferred Tax Liabilities | 63.92M | 42.16M | 51.58M | 44.98M | 44.01M | |
| Other Long-Term Liabilities | 278.90M | 41.36M | 31.87M | 34.03M | 29.94M | 29.64M |
| Total Liabilities | 1.10B | 1.15B | 1.33B | 1.26B | 1.28B | 1.30B |
| Common Stock | 10.00M | 10.00M | 10.00M | 10.00M | 10.00M | 10.00M |
| Additional Paid-In Capital | 204.40M | 204.61M | 198.97M | 193.78M | 188.65M | 183.82M |
| Retained Earnings | 2.90B | 2.79B | 2.45B | 2.12B | 1.79B | 1.50B |
| Treasury Stock | -1.13B | -1.05B | -720.70M | -559.27M | -477.55M | -471.85M |
| Comprehensive Income & Other | -97.15M | -94.80M | -91.69M | -77.57M | -55.30M | -72.30M |
| Shareholders' Equity | 1.88B | 1.86B | 1.84B | 1.69B | 1.46B | 1.15B |
| Total Liabilities & Equity | 2.98B | 3.01B | 3.18B | 2.95B | 2.74B | 2.45B |
| Total Debt | 282.30M | 483.44M | 770.62M | 734.94M | 725.97M | 800.25M |
| Net Cash (Debt) | -139.03M | -325.63M | -351.07M | -251.81M | -363.30M | -600.45M |
| Net Cash Per Share | -3.70 | -8.60 | -9.04 | -6.41 | -9.26 | -15.35 |
| Filing Date Shares Outstanding | 36.51M | 36.70M | 37.75M | 38.36M | 38.66M | 38.49M |
| Total Common Shares Outstanding | 36.60M | 37.80M | 37.87M | 38.41M | 38.66M | 38.50M |
| Working Capital | 1.02B | 966.32M | 1.22B | 1.27B | 1.11B | 859.90M |
| Book Value Per Share | 51.49 | 49.25 | 48.71 | 43.97 | 37.73 | 29.85 |
| Tangible Book Value | 876.66M | 844.24M | 796.55M | 823.52M | 644.47M | 335.56M |
| Tangible Book Value Per Share | 23.95 | 22.33 | 21.03 | 21.44 | 16.67 | 8.72 |
| Land | 13.90M | 14.08M | 14.16M | 14.22M | 14.32M | |
| Buildings | 116.88M | 116.73M | 115.26M | 109.88M | 108.12M | |
| Machinery | 266.28M | 253.35M | 233.75M | 219.98M | 204.47M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 424.12M | 414.52M | 392.99M | 385.76M | 346.74M | 257.41M |
| Depreciation & Amortization | 65.55M | 65.95M | 60.48M | 52.35M | 53.07M | 53.55M |
| Stock-Based Compensation | 13.45M | 12.90M | 12.00M | 12.94M | 12.36M | 11.84M |
| Provision & Write-off of Bad Debts | 7.28M | 4.61M | 5.98M | -205.00K | 5.62M | 3.19M |
| Other Operating Activities | 24.55M | 25.00M | -5.99M | -2.38M | -4.57M | 13.42M |
| Change in Accounts Receivable | -66.42M | -66.42M | -4.92M | -1.93M | -51.06M | -145.52M |
| Change in Inventory | -899.00K | -899.00K | 29.18M | 18.39M | -42.98M | -92.42M |
| Change in Accounts Payable | 56.89M | 56.89M | 2.17M | -39.27M | 37.68M | 53.60M |
| Change in Other Net Operating Assets | -73.38M | -28.47M | 494.00K | -54.27M | -12.90M | 32.49M |
| Operating Cash Flow | 451.14M | 484.08M | 492.38M | 371.39M | 343.97M | 187.57M |
| Capital Expenditures | -29.28M | -23.57M | -27.19M | -24.86M | -26.48M | -18.12M |
| Sale of Property, Plant & Equipment | 1.15M | 1.09M | 1.84M | 576.00K | 1.43M | 1.11M |
| Cash Acquisitions | -9.14M | -11.42M | -293.41M | -72.09M | -35.78M | -6.96M |
| Other Investing Activities | 971.00K | -11.68M | ||||
| Investing Cash Flow | -37.27M | -33.90M | -318.75M | -95.41M | -60.83M | -35.66M |
| Long-Term Debt Issued | 408.00K | 410.59M | ||||
| Long-Term Debt Repaid | -310.00M | -25.11M | -25.25M | -67.25M | -550.49M | |
| Net Debt Issued (Repaid) | -290.00M | -310.00M | -25.11M | -24.84M | -67.25M | -139.90M |
| Issuance of Common Stock | 127.00K | 127.00K | 555.00K | |||
| Repurchase of Common Stock | -357.75M | -331.70M | -167.68M | -89.66M | -13.61M | -21.86M |
| Common Dividends Paid | -73.98M | -72.60M | -63.70M | -55.88M | -53.45M | -51.80M |
| Other Financing Activities | 966.00K | 2.76M | 10.88M | 13.79M | 7.29M | -10.02M |
| Financing Cash Flow | -720.77M | -711.54M | -245.61M | -156.47M | -126.89M | -223.03M |
| Foreign Exchange Rate Adjustments | 418.00K | 69.00K | -226.00K | -2.94M | 3.32M | -2.15M |
| Net Cash Flow | -306.48M | -261.29M | -72.20M | 116.58M | 159.56M | -73.27M |
| Free Cash Flow | 421.86M | 460.52M | 465.20M | 346.53M | 317.49M | 169.45M |
| Free Cash Flow Margin | 8.34% | 9.27% | 10.19% | 7.74% | 7.20% | 4.45% |
| Free Cash Flow Per Share | 11.22 | 12.16 | 11.98 | 8.83 | 8.10 | 4.33 |
| Levered Free Cash Flow | 335.67M | 362.84M | 345.93M | 289.48M | 245.95M | 90.11M |
| Unlevered Free Cash Flow | 347.85M | 373.71M | 357.32M | 302.32M | 261.44M | 106.85M |
| Cash Interest Paid | 18.95M | 18.95M | 21.83M | 23.98M | 22.57M | 20.16M |
| Cash Income Tax Paid | 108.95M | 108.95M | 107.72M | 116.31M | 108.08M | 53.30M |
| Change in Working Capital | -83.81M | -38.90M | 26.93M | -77.08M | -69.25M | -151.86M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.92B | 12.50B | 8.85B | 7.49B | 5.60B | 3.70B |
| Enterprise Value | 11.06B | 12.66B | 9.04B | 7.61B | 6.02B | 4.21B |
| Last Close Price | 294.12 | 337.67 | 230.51 | 191.04 | 141.43 | 92.91 |
| PE Ratio | 26.50 | 30.15 | 22.53 | 19.41 | 16.15 | 14.36 |
| Forward PE | 24.40 | 29.39 | 22.32 | 19.58 | 16.82 | 14.45 |
| PS Ratio | 2.18 | 2.52 | 1.94 | 1.67 | 1.27 | 0.97 |
| PB Ratio | 5.71 | 6.71 | 4.80 | 4.43 | 3.84 | 3.22 |
| P/TBV Ratio | 12.56 | 14.80 | 11.11 | 9.09 | 8.69 | 11.02 |
| P/FCF Ratio | 26.10 | 27.14 | 19.03 | 21.61 | 17.63 | 21.82 |
| P/OCF Ratio | 24.40 | 25.82 | 17.98 | 20.16 | 16.28 | 19.71 |
| PEG Ratio | 2.29 | 2.99 | 2.86 | 1.96 | 0.93 | 0.96 |
| EV/Sales Ratio | 2.20 | 2.55 | 1.98 | 1.70 | 1.36 | 1.11 |
| EV/EBITDA Ratio | 17.71 | 20.58 | 16.13 | 13.88 | 11.45 | 10.26 |
| EV/EBIT Ratio | 19.77 | 23.05 | 18.08 | 15.35 | 12.73 | 11.79 |
| EV/FCF Ratio | 26.43 | 27.50 | 19.43 | 21.95 | 18.96 | 24.86 |
| Debt / Equity Ratio | 0.15 | 0.26 | 0.42 | 0.43 | 0.50 | 0.70 |
| Debt / EBITDA Ratio | 0.40 | 0.71 | 1.24 | 1.23 | 1.27 | 1.77 |
| Debt / FCF Ratio | 0.67 | 1.05 | 1.66 | 2.12 | 2.29 | 4.72 |
| Net Debt / Equity Ratio | 0.07 | 0.17 | 0.19 | 0.15 | 0.25 | 0.52 |
| Net Debt / EBITDA Ratio | 0.22 | 0.53 | 0.63 | 0.46 | 0.69 | 1.46 |
| Net Debt / FCF Ratio | 0.33 | 0.71 | 0.76 | 0.73 | 1.14 | 3.54 |
| Asset Turnover | 1.64 | 1.61 | 1.49 | 1.57 | 1.70 | 1.61 |
| Inventory Turnover | 6.67 | 6.82 | 6.40 | 6.35 | 6.57 | 6.66 |
| Quick Ratio | 1.78 | 1.61 | 2.23 | 2.39 | 1.98 | 1.72 |
| Current Ratio | 2.89 | 2.58 | 3.32 | 3.53 | 3.05 | 2.72 |
| Return on Equity (ROE) | 22.51% | 22.37% | 22.25% | 24.51% | 26.59% | 24.73% |
| Return on Assets (ROA) | 11.43% | 11.10% | 10.20% | 10.88% | 11.38% | 9.45% |
| Return on Invested Capital (ROIC) | 20.11% | 18.85% | 18.75% | 20.19% | 20.22% | 16.60% |
| Return on Capital Employed (ROCE) | 23.10% | 22.90% | 18.90% | 20.20% | 21.50% | 18.30% |
| Earnings Yield | 3.77% | 3.32% | 4.44% | 5.15% | 6.19% | 6.96% |
| FCF Yield | 3.83% | 3.69% | 5.25% | 4.63% | 5.67% | 4.58% |
| Dividend Yield | 0.68% | 0.59% | 0.71% | 0.74% | 0.95% | 1.40% |
| Payout Ratio | 18.07% | 17.51% | 16.21% | 14.49% | 15.41% | 20.12% |
| Buyback Yield / Dilution | 2.75% | 2.47% | 1.12% | -0.09% | -0.29% | 0.49% |
| Total Shareholder Return | 3.43% | 3.06% | 1.83% | 0.65% | 0.66% | 1.88% |