AIT · Applied Industrial Technologies Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.56B | $4.48B | $4.41B | $3.81B | $3.24B | $3.25B |
| Cost of Revenue | $3.18B | $3.14B | $3.13B | $2.70B | $2.30B | $2.31B |
| Gross Profit | $1.38B | $1.34B | $1.29B | $1.11B | $935.52M | $937.74M |
| R&D | - | - | - | - | - | - |
| SG&A | $884.63M | $840.83M | $813.81M | $749.06M | $680.54M | $717.75M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $24.90M | $23.43M | $22.27M | $21.68M | $20.78M | $21.20M |
| Operating Income | $498.53M | $495.82M | $473.15M | $357.86M | $205.45M | $88.99M |
| Interest Expense | $18.21M | $20.54M | $24.79M | $26.79M | $30.81M | $37.26M |
| Income Tax | $107.98M | $112.37M | $103.07M | $72.38M | $32.30M | $31.19M |
| Net Income | $392.99M | $385.76M | $346.74M | $257.41M | $144.76M | $24.04M |
| EPS - Basic | $10.26 | $9.98 | $8.98 | $6.69 | $3.73 | $0.62 |
| EPS - Diluted | $10.12 | $9.83 | $8.84 | $6.58 | $3.68 | $0.62 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $388.42M | $460.62M | $344.04M | $108.22M | $257.75M | $268.55M |
| Accounts Receivable | $769.70M | $724.88M | $708.39M | $656.43M | $516.32M | $450.00M |
| Inventory | $505.34M | $488.26M | $501.18M | $449.82M | $362.55M | $389.15M |
| Accounts Payable | $280.12M | $266.95M | $301.69M | $259.46M | $208.16M | $186.27M |
| Current Assets | $1.75B | $1.77B | $1.65B | $1.36B | $1.20B | $1.16B |
| Total Assets | $3.18B | $2.95B | $2.74B | $2.45B | $2.27B | $2.28B |
| Current Liabilities | $526.15M | $501.10M | $540.34M | $499.63M | $427.70M | $426.08M |
| Long-term Debt | $572.30M | $572.28M | $596.93M | $649.15M | $784.86M | $855.14M |
| Total Liabilities | $1.33B | $1.26B | $1.28B | $1.30B | $1.34B | $1.44B |
| Stockholders' Equity | $1.84B | $1.69B | $1.46B | $1.15B | $932.55M | $843.54M |
| Retained Earnings | $2.45B | $2.12B | $1.79B | $1.50B | $1.29B | $1.20B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $492.38M | $371.39M | $343.97M | $187.57M | $241.70M | $296.71M |
| Investing Cash Flow | ($318.75M) | ($95.41M) | ($60.83M) | ($35.66M) | ($44.93M) | ($55.40M) |
| Financing Cash Flow | ($245.61M) | ($156.47M) | ($126.89M) | ($223.03M) | ($213.04M) | ($78.24M) |
| CapEx | $27.19M | $24.86M | $26.48M | $18.12M | $15.85M | $20.11M |
| Free Cash Flow | $465.20M | $346.53M | $317.49M | $169.45M | $225.84M | $276.60M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.3% | 29.8% | 29.2% | 29.0% | 28.9% | 28.9% |
| Operating margin | 10.9% | 11.1% | 10.7% | 9.4% | 6.3% | 2.7% |
| EBITDA margin | 11.5% | 11.6% | 11.2% | 10.0% | 7.0% | 3.4% |
| Net margin | 8.6% | 8.6% | 7.9% | 6.8% | 4.5% | 0.7% |
| Free cash flow margin | 10.2% | 7.7% | 7.2% | 4.4% | 7.0% | 8.5% |
| FCF / Net income | 1.18 | 0.90 | 0.92 | 0.66 | 1.56 | 11.50 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 19.4% | 18.8% | 18.4% | 19.7% | 21.0% | 22.1% |
| Effective tax rate | 21.6% | 22.6% | 22.9% | 21.9% | 18.2% | 56.5% |
| Return on assets | 12.4% | 13.1% | 12.6% | 10.5% | 6.4% | 1.1% |
| Return on equity | 21.3% | 22.8% | 23.8% | 22.4% | 15.5% | 2.9% |
| Return on invested capital | 16.2% | 17.0% | 17.7% | 15.5% | 9.8% | 2.6% |
| Liquidity | ||||||
| Current ratio | 3.32 | 3.53 | 3.05 | 2.72 | 2.80 | 2.72 |
| Quick ratio | 2.36 | 2.56 | 2.12 | 1.82 | 1.95 | 1.81 |
| Cash ratio | 0.74 | 0.92 | 0.64 | 0.22 | 0.60 | 0.63 |
| Leverage | ||||||
| Debt / Equity | 0.31 | 0.34 | 0.41 | 0.56 | 0.84 | 1.01 |
| Debt / Assets | 0.18 | 0.19 | 0.22 | 0.26 | 0.35 | 0.37 |
| Debt / EBITDA | 1.09 | 1.10 | 1.20 | 1.71 | 3.47 | 7.76 |
| Interest coverage | 27.4x | 24.1x | 19.1x | 13.4x | 6.7x | 2.4x |
| Equity multiplier | 1.72 | 1.75 | 1.88 | 2.13 | 2.44 | 2.71 |
| Liabilities / Assets | 0.42 | 0.43 | 0.47 | 0.53 | 0.59 | 0.63 |
| Efficiency | ||||||
| Asset turnover | 1.44 | 1.52 | 1.61 | 1.55 | 1.42 | 1.42 |
| Inventory turnover | 6.29 | 6.44 | 6.24 | 6.01 | 6.35 | 5.93 |
| Days sales outstanding | 62d | 59d | 59d | 63d | 58d | 51d |
| Days inventory outstanding | 58d | 57d | 59d | 61d | 58d | 62d |
| Days payable outstanding | 32d | 31d | 35d | 35d | 33d | 29d |
| Cash conversion cycle | 87d | 85d | 82d | 89d | 83d | 83d |
| Valuation | ||||||
| P / E | 23.0x | 19.7x | 16.4x | 14.6x | 24.7x | 100.6x |
| P / B | 4.9x | 4.5x | 3.9x | 3.3x | 3.8x | 2.9x |
| P / S | 2.0x | 1.7x | 1.3x | 1.0x | 1.1x | 0.7x |
| EV / EBITDA | 17.6x | 14.9x | 12.0x | 11.3x | 18.1x | 27.4x |
| Growth | ||||||
| Revenue growth (YoY) | 1.9% | 1.5% | 15.8% | 17.8% | -0.3% | 25.1% |
| Revenue CAGR (3y) | 6.2% | 11.4% | 10.8% | 13.7% | 1.7% | 7.8% |
| Revenue CAGR (5y) | 7.1% | 11.5% | 7.5% | 8.0% | 5.1% | 3.4% |
| Gross profit growth (YoY) | 3.5% | 3.9% | 16.3% | 18.3% | -0.2% | -6.9% |
| Operating income growth (YoY) | 0.5% | 4.8% | 32.2% | 74.2% | 130.9% | -61.9% |
| Net income growth (YoY) | 1.9% | 11.3% | 34.7% | 77.8% | 502.1% | -83.3% |
| EPS growth (YoY) | 3.0% | 11.2% | 34.3% | 78.8% | 493.5% | -83.2% |
| EPS CAGR (3y) | 15.4% | 38.8% | 142.5% | 21.4% | 0.6% | -43.3% |
| EPS CAGR (5y) | 74.8% | 21.7% | 19.6% | 14.1% | 37.5% | -26.0% |
| FCF growth (YoY) | 34.2% | 9.1% | 87.4% | -25.0% | -18.3% | 71.1% |
| FCF CAGR (5y) | 11.0% | 16.5% | 20.7% | 2.8% | 8.8% | 14.7% |
| Book value growth (YoY) | 9.2% | 15.8% | 26.9% | 23.2% | 10.6% | -6.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$4.56B totalService Center Segment$3.01B · 66.1%
Engineered Solutions Segment$1.55B · 33.9%
Geographic
$3.01B totalUS$2.52B · 83.7%
CA$296.66M · 9.8%
Other Countries$193.65M · 6.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.43
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Machinery, Equipment & Supplies
Comparing APPLIED INDUSTRIAL TECHNOLOGIES INC against the 5 most active filers in the same SIC group.
Dividends
$1.94/share trailing 12 months · +16.9% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.5100 |
| Feb 13, 2026 | $0.5100 |
| Nov 14, 2025 | $0.4600 |
| Aug 15, 2025 | $0.4600 |
| May 15, 2025 | $0.4600 |
| Feb 14, 2025 | $0.4600 |
| Nov 15, 2024 | $0.3700 |
| Aug 15, 2024 | $0.3700 |
| May 14, 2024 | $0.3700 |
| Feb 14, 2024 | $0.3700 |
| Nov 14, 2023 | $0.3500 |
| Aug 14, 2023 | $0.3500 |
| May 12, 2023 | $0.3500 |
| Feb 14, 2023 | $0.3500 |
| Nov 14, 2022 | $0.3400 |
| Aug 12, 2022 | $0.3400 |
| May 13, 2022 | $0.3400 |
| Feb 14, 2022 | $0.3400 |
| Nov 12, 2021 | $0.3300 |
| Aug 13, 2021 | $0.3300 |
| May 13, 2021 | $0.3300 |
| Feb 12, 2021 | $0.3300 |
| Nov 13, 2020 | $0.3200 |
| Aug 13, 2020 | $0.3200 |