Applied Industrial Technologies (AIT)

NYSE Industrials Trading Companies & Distributors S&P MidCap 400

$283.39

+2.49 (+0.89%)

Close of Nov 06, 2026 · end-of-day data

Source: Applied Industrial Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$2.59B	$3.07B	$3.47B	$3.25B	$3.24B	$3.81B	$4.41B	$4.48B	$4.56B	$4.97B
Cost of revenue	$1.86B	$2.19B	$2.47B	$2.31B	$2.30B	$2.70B	$3.13B	$3.14B	$3.18B	$3.46B
Gross profit	$737.70M	$884.00M	$1.01B	$937.74M	$935.52M	$1.11B	$1.29B	$1.34B	$1.38B	$1.51B
Selling, general & admin	$562.31M	$658.17M	$742.24M	$717.75M	$680.54M	$749.06M	$813.81M	$840.83M	$884.63M	$957.32M
Operating income	$175.39M	$225.83M	$233.79M	$88.99M	$205.45M	$357.86M	$473.15M	$495.82M	$498.53M	$549.47M
Interest expense	$8.83M	$24.14M	$40.79M	$37.26M	$30.81M	$26.79M	$24.79M	$20.54M	$18.21M	$17.39M
Pre-tax income	$166.97M	$204.72M	$194.48M	$55.24M	$177.06M	$329.79M	$449.81M	$498.13M	$500.97M	$544.27M
Income tax	$33.06M	$63.09M	$50.49M	$31.19M	$32.30M	$72.38M	$103.07M	$112.37M	$107.98M	$129.75M
Net income	$133.91M	$141.62M	$143.99M	$24.04M	$144.76M	$257.41M	$346.74M	$385.76M	$392.99M	$414.52M
EBITDA	$190.69M	$243.62M	$254.02M	$110.19M	$226.23M	$379.53M	$495.42M	$519.25M	$523.43M	$575.34M
EPS (basic)	$3.43	$3.65	$3.72	$0.62	$3.73	$6.69	$8.98	$9.98	$10.26	$11.09
EPS (diluted)	$3.40	$3.61	$3.68	$0.62	$3.68	$6.58	$8.84	$9.83	$10.12	$10.95
Diluted shares	39.40M	39.28M	39.16M	39.00M	39.30M	39.10M	39.22M	39.26M	38.82M	37.86M
Gross margin	28.4%	28.8%	29.0%	28.9%	28.9%	29.0%	29.2%	29.8%	30.3%	30.3%
Operating margin	6.8%	7.3%	6.7%	2.7%	6.3%	9.4%	10.7%	11.1%	10.9%	11.1%
Net margin	5.2%	4.6%	4.1%	0.7%	4.5%	6.8%	7.9%	8.6%	8.6%	8.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$105.06M	$54.15M	$108.22M	$268.55M	$257.75M	$184.47M	$344.04M	$460.62M	$388.42M	$127.13M
Receivables	$390.93M	$548.81M	$540.90M	$450.00M	$516.32M	$656.43M	$708.39M	$724.88M	$769.70M	$831.24M
Inventory	$345.14M	$422.07M	$447.56M	$389.15M	$362.55M	$449.82M	$501.18M	$488.26M	$505.34M	$508.98M
Total current assets	$882.54M	$1.06B	$1.15B	$1.16B	$1.20B	$1.36B	$1.65B	$1.77B	$1.75B	$1.58B
Goodwill	$206.13M	$646.64M	$661.99M	$540.59M	$560.08M	$563.21M	$578.42M	$619.39M	$699.37M	$704.70M
Total assets	$1.39B	$2.29B	$2.33B	$2.28B	$2.27B	$2.45B	$2.74B	$2.95B	$3.18B	$3.01B
Total current liabilities	$309.75M	$432.55M	$423.79M	$426.08M	$427.70M	$499.63M	$540.34M	$501.10M	$526.15M	$612.41M
Short-term debt	$4.81M	$19.18M	$49.04M	$78.65M	$43.52M	$40.17M	$25.17M	$25.05M	$0	—
Long-term debt	$286.77M	$944.52M	$908.85M	$855.14M	$784.86M	$649.15M	$596.93M	$572.28M	$572.30M	$262.30M
Total debt	$291.58M	$963.71M	$957.89M	$933.79M	$828.38M	$689.32M	$622.10M	$597.33M	$572.30M	$262.30M
Total liabilities	$642.34M	$1.47B	$1.43B	$1.44B	$1.34B	$1.30B	$1.28B	$1.26B	$1.33B	$1.15B
Shareholders' equity	$745.26M	$814.96M	$897.03M	$843.54M	$932.55M	$1.15B	$1.46B	$1.69B	$1.84B	$1.86B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$164.62M	$147.30M	$180.60M	$296.71M	$241.70M	$187.57M	$343.97M	$371.39M	$492.38M	$484.08M
Capital expenditures	$17.05M	$23.23M	$18.97M	$20.11M	$15.85M	$18.12M	$26.48M	$24.86M	$27.19M	$23.57M
Free cash flow	$147.57M	$124.07M	$161.63M	$276.60M	$225.84M	$169.45M	$317.49M	$346.53M	$465.20M	$460.52M
Investing cash flow	-$16.89M	-$797.91M	-$55.10M	-$55.40M	-$44.93M	-$35.66M	-$60.83M	-$95.41M	-$318.75M	-$33.90M
Financing cash flow	-$103.35M	$600.28M	-$71.54M	-$78.24M	-$213.04M	-$223.03M	-$126.89M	-$156.47M	-$245.61M	-$711.54M
Dividends paid	$44.62M	$45.86M	$47.27M	$48.87M	$50.66M	$51.80M	$53.45M	$55.88M	$63.70M	$72.60M
Share buybacks	$8.24M	$22.78M	$11.16M	$0	$40.09M	$13.78M	$716.00K	$73.39M	$152.84M	$317.22M
Stock-based compensation	$3.63M	$4.67M	$4.47M	$4.00M	$8.98M	$11.84M	$12.36M	$12.94M	$12.00M	$12.90M
Depreciation & amortization	$15.31M	$17.80M	$20.24M	$21.20M	$20.78M	$21.68M	$22.27M	$23.43M	$24.90M	$25.88M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.08B	$1.15B	$1.16B	$1.10B	$1.07B	$1.17B	$1.22B	$1.20B	$1.16B	$1.25B	$1.35B	$1.29B
Cost of revenue	$760.06M	$808.14M	$804.44M	$773.86M	$744.95M	$811.46M	$849.99M	$838.09M	$809.69M	$870.65M	$941.47M	$898.96M
Gross profit	$317.09M	$338.25M	$356.24M	$325.08M	$328.05M	$355.29M	$374.74M	$361.43M	$353.33M	$380.80M	$411.22M	$392.21M
Selling, general & admin	$202.50M	$217.04M	$216.89M	$211.91M	$207.18M	$225.89M	$239.65M	$232.40M	$230.12M	$242.88M	$251.91M	$248.62M
Operating income	$114.59M	$121.21M	$139.34M	$113.17M	$120.87M	$129.40M	$135.09M	$129.03M	$123.21M	$137.93M	$159.31M	$143.59M
Pre-tax income	$115.60M	$122.67M	$140.94M	$116.08M	$122.56M	$127.28M	$135.04M	$128.59M	$122.77M	$135.13M	$157.79M	$140.94M
Income tax	$24.37M	$25.45M	$37.44M	$24.02M	$29.27M	$27.48M	$27.21M	$27.78M	$27.42M	$35.36M	$39.19M	$30.54M
Net income	$91.23M	$97.22M	$103.49M	$92.06M	$93.29M	$99.80M	$107.84M	$100.81M	$95.35M	$99.77M	$118.60M	$110.40M
EBITDA	$120.64M	$127.01M	$145.21M	$119.10M	$126.80M	$135.99M	$141.55M	$135.52M	$129.80M	$144.32M	$165.71M	$150.22M
EPS (basic)	$2.35	$2.51	$2.69	$2.40	$2.43	$2.60	$2.83	$2.67	$2.54	$2.68	$3.20	$3.01
EPS (diluted)	$2.32	$2.48	$2.65	$2.36	$2.39	$2.57	$2.79	$2.63	$2.51	$2.65	$3.16	$2.97
Diluted shares	39.30M	39.25M	-34.00K	38.94M	38.96M	38.85M	-104.00K	38.27M	38.05M	37.68M	-145.00K	37.18M
Gross margin	29.4%	29.5%	30.7%	29.6%	30.6%	30.5%	30.6%	30.1%	30.4%	30.4%	30.4%	30.4%
Operating margin	10.6%	10.6%	12.0%	10.3%	11.3%	11.1%	11.0%	10.8%	10.6%	11.0%	11.8%	11.1%
Net margin	8.5%	8.5%	8.9%	8.4%	8.7%	8.6%	8.8%	8.4%	8.2%	8.0%	8.8%	8.6%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$412.86M	$456.53M	$460.62M	$538.52M	$303.44M	$352.84M	$388.42M	$418.72M	$405.99M	$171.58M	$127.13M	$112.24M
Receivables	$659.20M	$710.20M	$724.88M	$691.51M	$696.24M	$754.64M	$769.70M	$753.44M	$706.90M	$792.85M	$831.24M	$822.29M
Inventory	$520.15M	$503.91M	$488.26M	$497.57M	$518.04M	$500.56M	$505.34M	$521.67M	$529.00M	$526.32M	$508.98M	$533.25M
Total current assets	$1.68B	$1.77B	$1.77B	$1.81B	$1.61B	$1.69B	$1.75B	$1.77B	$1.75B	$1.58B	$1.58B	$1.55B
Goodwill	$589.36M	$588.71M	$619.39M	$624.22M	$686.15M	$694.19M	$699.37M	$699.86M	$701.42M	$705.00M	$704.70M	$704.51M
Total assets	$2.78B	$2.85B	$2.95B	$3.00B	$3.04B	$3.12B	$3.18B	$3.19B	$3.16B	$2.99B	$3.01B	$2.98B
Total current liabilities	$449.13M	$468.41M	$501.10M	$478.30M	$429.44M	$474.19M	$526.15M	$497.75M	$475.48M	$536.62M	$612.41M	$538.23M
Short-term debt	$25.16M	$25.11M	$25.05M	$25.00M	$0	$0	$0	—	—	$18.00M	—	—
Long-term debt	$571.85M	$571.86M	$572.28M	$572.29M	$572.30M	$572.30M	$572.30M	$572.30M	$572.30M	$347.30M	$262.30M	$282.30M
Total debt	$597.01M	$596.97M	$597.33M	$597.29M	$572.30M	$572.30M	$572.30M	$572.30M	$572.30M	$365.30M	$262.30M	$282.30M
Total liabilities	$1.17B	$1.19B	$1.26B	$1.25B	$1.25B	$1.29B	$1.33B	$1.30B	$1.28B	$1.13B	$1.15B	$1.10B
Shareholders' equity	$1.61B	$1.67B	$1.69B	$1.75B	$1.79B	$1.83B	$1.84B	$1.88B	$1.87B	$1.86B	$1.86B	$1.88B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$101.76M	$84.19M	$119.23M	$127.75M	$95.14M	$122.45M	$147.05M	$119.32M	$99.66M	$100.11M	$165.00M	$86.38M
Capital expenditures	$5.52M	$7.49M	$7.51M	$5.55M	$5.20M	$7.55M	$8.89M	$7.30M	$6.28M	$4.73M	$5.25M	$13.01M
Free cash flow	$96.23M	$76.70M	$111.72M	$122.20M	$89.94M	$114.90M	$138.16M	$112.02M	$93.38M	$95.38M	$159.74M	$73.36M
Investing cash flow	-$5.17M	-$7.45M	-$57.13M	-$15.22M	-$267.75M	-$7.62M	-$28.17M	-$9.55M	-$5.82M	-$13.39M	-$5.15M	-$12.91M
Financing cash flow	-$46.75M	-$31.95M	-$55.29M	-$34.05M	-$57.06M	-$66.06M	-$88.44M	-$78.56M	-$108.49M	-$320.10M	-$204.38M	-$87.80M
Dividends paid	$13.60M	$14.37M	$14.36M	$14.22M	$14.25M	$17.69M	$17.54M	$17.38M	$17.34M	$19.00M	$18.87M	$18.77M
Share buybacks	$10.68M	$18.20M	$44.51M	$9.98M	$20.10M	$49.71M	$73.04M	$53.17M	$90.23M	$92.98M	$80.84M	$80.03M
Depreciation & amortization	$6.05M	$5.80M	$5.86M	$5.92M	$5.93M	$6.58M	$6.47M	$6.49M	$6.59M	$6.40M	$6.40M	$6.62M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.