AIT Financials Applied Industrial Technologies Inc
15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.9% per year over the past 5 years.
Net income has grown slower than revenue (-69.0% vs 8.9% per year).
Operating margin has expanded, at 11.1% in the latest year.
Free cash flow has grown 15.3% per year over the past 5 years.
Financial health
Total debt ($262M) exceeds cash ($127M); net debt is $135M.
Total debt has grown slower than revenue (-20.5% vs 8.9% per year).
Operating income covered interest expense 32× in the latest year.
Total debt is 0.5× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 17513.5% of earnings and 15.8% of free cash flow.
The dividend has grown 7.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2026
$5.0B
$414525
30.3%
11.1%
0.0%
0.0%
$461M
$262M
$127M
2025
$4.6B
$392988
30.3%
10.9%
0.0%
0.0%
$465M
$572M
$388M
2024
$4.5B
$385762
29.8%
11.1%
0.0%
0.0%
$347M
$597M
$461M
2023
$4.4B
$346739
29.2%
10.7%
0.0%
0.0%
$317M
$622M
$344M
2022
$3.8B
$257414
29.0%
9.4%
0.0%
0.0%
$169M
$689M
$184M
2021
$3.2B
$145M
28.9%
6.3%
15.5%
6.4%
$226M
$828M
$258M
2020
$3.2B
$24M
28.9%
2.7%
2.9%
1.1%
$277M
$934M
$269M
2019
$3.5B
$144M
29.0%
6.7%
16.1%
6.2%
$162M
$958M
$108M
2018
$3.1B
$142M
28.8%
7.3%
17.4%
6.2%
$124M
$964M
—
2017
$2.6B
$134M
28.4%
6.8%
18.0%
9.7%
$148M
$292M
—
2016
—
$30M
—
—
4.5%
2.3%
$149M
$328M
—
2015
—
$115M
—
—
15.6%
8.1%
$142M
$321M
—
2014
—
$113M
—
—
14.1%
8.5%
$90M
$171M
—
2013
—
$118M
—
—
15.6%
11.2%
$99M
—
—
2012
—
$109M
—
—
16.2%
11.3%
$64M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.3B
$110M
30.4%
11.1%
5.9%
3.7%
$73M
$282M
$112M
Jun '26
$1.4B
$119M
30.4%
11.8%
6.4%
3.9%
$160M
$262M
$127M
Mar '26
$1.3B
$100M
30.4%
11.0%
5.4%
3.3%
$95M
$365M
$172M
Dec '25
$1.2B
$95M
30.4%
10.6%
5.1%
3.0%
$93M
$572M
$406M
Sep '25
$1.2B
$101M
30.1%
10.8%
5.4%
3.2%
$112M
$572M
$419M
Jun '25
$1.2B
$108M
30.6%
11.0%
5.8%
3.4%
$138M
$572M
$388M
Mar '25
$1.2B
$100M
30.5%
11.1%
5.5%
3.2%
$115M
$572M
$353M
Dec '24
$1.1B
$93M
30.6%
11.3%
5.2%
3.1%
$90M
$572M
$303M
Sep '24
$1.1B
$92M
29.6%
10.3%
5.3%
3.1%
$122M
$597M
$539M
Jun '24
$1.2B
$103M
30.7%
12.0%
6.1%
3.5%
$112M
$597M
$461M
Mar '24
$1.1B
$97M
29.5%
10.6%
5.8%
3.4%
$77M
$597M
$457M
Dec '23
$1.1B
$91M
29.4%
10.6%
5.7%
3.3%
$96M
$597M
$413M
Sep '23
$1.1B
$94M
29.7%
11.0%
6.1%
3.4%
$62M
$622M
$360M
Jun '23
$1.2B
$92M
29.2%
11.0%
6.3%
3.4%
$174M
$622M
$344M
Mar '23
$1.1B
$97M
29.4%
11.2%
7.0%
3.7%
$67M
$622M
$182M
Dec '22
$1.1B
$80M
29.1%
10.6%
6.2%
3.2%
$56M
$649M
$166M
Sep '22
$1.1B
$77M
28.9%
10.0%
6.3%
3.1%
$20M
$649M
$148M
Jun '22
$1.1B
$79M
28.9%
10.3%
6.9%
3.2%
$47M
$689M
$184M
Mar '22
$981M
$68M
29.3%
9.8%
6.2%
2.9%
$48M
$721M
$188M
Dec '21
$877M
$57M
29.4%
8.9%
5.6%
2.6%
$29M
$721M
$155M
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 20170.1× (Mar '23) to 26905.8× (Nov '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 2.2× (Nov '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.7% (Nov '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 8.9% per year, and net income declined 69.0% per year. These are computed facts, not advice.
How much debt does AIT have?
As of FY2026, Applied Industrial Technologies Inc reported $262M of total debt against $127M of cash; operating income covered interest expense 32×.
What is AIT's profit margin?
In FY2026, gross margin was 30.3%, operating margin 11.1%, and net margin 0.0%.
What is AIT's P/E ratio?
Applied Industrial Technologies Inc's P/E (TTM) is 26.30 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AIT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26905.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.