AIT Financials Applied Industrial Technologies Inc
15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.1% per year over the past 5 years.
Net income has grown faster than revenue (74.9% vs 7.1% per year).
Operating margin has expanded, at 10.9% in the latest year.
Free cash flow has grown 11.0% per year over the past 5 years.
Financial health
Total debt ($572M) exceeds cash ($388M); net debt is $184M.
Total debt has grown slower than revenue (-9.3% vs 7.1% per year).
Operating income covered interest expense 27× in the latest year, up from 2.4× 5 years ago.
Total debt is 1.1× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 16.2% of earnings and 13.7% of free cash flow.
The dividend has grown 5.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.6B
$393M
30.3%
10.9%
$465M
$572M
$388M
2024
$4.5B
$386M
29.8%
11.1%
$347M
$597M
$461M
2023
$4.4B
$347M
29.2%
10.7%
$317M
$622M
$344M
2022
$3.8B
$257M
29.0%
9.4%
$169M
$689M
$184M
2021
$3.2B
$145M
28.9%
6.3%
$226M
$828M
$258M
2020
$3.2B
$24M
28.9%
2.7%
$277M
$934M
$269M
2019
$3.5B
$144M
29.0%
6.7%
$162M
$958M
$108M
2018
$3.1B
$142M
28.8%
7.3%
$124M
$964M
—
2017
$2.6B
$134M
28.4%
6.8%
$148M
$292M
—
2016
—
$30M
—
—
$149M
$328M
—
2015
—
$115M
—
—
$142M
$321M
—
2014
—
$113M
—
—
$90M
$171M
—
2013
—
$118M
—
—
$99M
—
—
2012
—
$109M
—
—
$64M
—
—
2011
—
$97M
—
—
$56M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.3B
$100M
30.4%
11.0%
$95M
$365M
$172M
Dec '25
$1.2B
$95M
30.4%
10.6%
$93M
$572M
$406M
Sep '25
$1.2B
$101M
30.1%
10.8%
$112M
$572M
$419M
Jun '25
$1.2B
$108M
30.6%
11.0%
$138M
$572M
$388M
Mar '25
$1.2B
$100M
30.5%
11.1%
$115M
$572M
$353M
Dec '24
$1.1B
$93M
30.6%
11.3%
$90M
$572M
$303M
Sep '24
$1.1B
$92M
29.6%
10.3%
$122M
$597M
$539M
Jun '24
$1.2B
$103M
30.7%
12.0%
$112M
$597M
$461M
Mar '24
$1.1B
$97M
29.5%
10.6%
$77M
$597M
$457M
Dec '23
$1.1B
$91M
29.4%
10.6%
$96M
$597M
$413M
Sep '23
$1.1B
$94M
29.7%
11.0%
$62M
$622M
$360M
Jun '23
$1.2B
$92M
29.2%
11.0%
$174M
$622M
$344M
Mar '23
$1.1B
$97M
29.4%
11.2%
$67M
$622M
$182M
Dec '22
$1.1B
$80M
29.1%
10.6%
$56M
$649M
$166M
Sep '22
$1.1B
$77M
28.9%
10.0%
$20M
$649M
$148M
Jun '22
$1.1B
$79M
28.9%
10.3%
$47M
$689M
$184M
Mar '22
$981M
$68M
29.3%
9.8%
$48M
$721M
$188M
Dec '21
$877M
$57M
29.4%
8.9%
$29M
$721M
$155M
Sep '21
$892M
$53M
28.6%
8.4%
$45M
$819M
$247M
Jun '21
$896M
$59M
29.4%
9.1%
$35M
$828M
$258M
Valuation over time
How the market has priced AIT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 20.4× (Mar '23) to 32.3× (Jun '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 2.8× (Jun '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AIT growing its revenue and profit?
Over the past 5 years, Applied Industrial Technologies Inc's revenue has grown 7.1% per year, and net income grown 74.9% per year. These are computed facts, not advice.
How much debt does AIT have?
As of FY2025, Applied Industrial Technologies Inc reported $572M of total debt against $388M of cash; operating income covered interest expense 27×.
What is AIT's profit margin?
In FY2025, gross margin was 30.3%, operating margin 10.9%, and net margin 8.6%.
What is AIT's P/E ratio?
As of Jun '26, Applied Industrial Technologies Inc traded at a price-to-earnings ratio of about 32.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.