APPLIED INDUSTRIAL TECHNOLOGIES INC AIT

Industrials SIC 5080 - Wholesale-Machinery, Equipment & Supplies NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Machinery, Equipment, and Supplies Merchant Wholesalers derived NYSE

We are a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies and related maintenance supplies. Through our comprehensive network of approximately 6,900 employee associates and approximately 580 facilities including service center, fluid power, flow control, and automation operations, as well as repair shops and distribution centers, we offer a selection of more than 9.4 million stock keeping units with a focus on industrial bearings, power transmission products, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products. Our customers use our products and services for both Maintenance, Repair, and Operations ("MRO"), Original Equipment Manufacturing ("OEM"), and new system install applications across a variety of end markets primarily in North America, as well as Australia, New Zealand, and Singapore.

Last close 317.00 2026-10-23
Market cap $11.63B 2026-06-30 share count
52-week range 238.72 - 374.80

Valuation FY2026 figures against the last close

P/S2.3x
P/E28.9x
P/FCF25.3x
EV/EBITDA20.5x
Dividend yield0.6%
Diluted EPS10.95

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
  • Other Countries
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 4.4B (88.3%) 88% United States Canada, FY2026: 300.8M (6.1%) 6% Canada Other Countries, FY2026: 280.5M (5.6%) 6% FY2025 United States, FY2025: 4B (87.7%) 88% Canada, FY2025: 296.7M (6.5%) 7% Other Countries, FY2025: 265.8M (5.8%) 6% FY2024 United States, FY2024: 3.9B (87.8%) 88% Canada, FY2024: 310.2M (6.9%) 7% Other Countries, FY2024: 237M (5.3%) 5%
Region FY2026FY2025FY2024
United States $4.39B $4.00B $3.93B
Canada $300.8M $296.7M $310.2M
Other Countries $280.5M $265.8M $237.0M

As the company reported it, from the “REVENUE RECOGNITION - Schedule of Disaggregation of Revenues by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Service Center
  • Engineered Solutions
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2026 Service Center, FY2026: 3.2B (64.1%) 64% Service Center Engineered Solutions, FY2026: 1.8B (35.9%) 36% Engineered Solutions FY2025 Service Center, FY2025: 3B (66.1%) 66% Engineered Solutions, FY2025: 1.5B (33.9%) 34% FY2024 Service Center, FY2024: 3.1B (68.2%) 68% Engineered Solutions, FY2024: 1.4B (31.8%) 32%
Segment FY2026FY2025FY2024
Service Center $3.18B $3.01B $3.06B
Engineered Solutions $1.78B $1.55B $1.42B

As the company reported it, from the “SEGMENT INFORMATION - Schedule of Segment Financial Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $4.97B$4.56B$4.48B$4.41B$3.81B$3.24B$3.25B$3.47B$3.07B$2.59B
Cost of revenue $3.46B$3.18B$3.14B$3.13B$2.70B$2.30B$2.31B$2.47B$2.19B$1.86B
Gross profit $1.51B$1.38B$1.34B$1.29B$1.11B$935.5M$937.7M$1.01B$884.0M$737.7M
SG&A $957.3M$884.6M$840.8M$813.8M$749.1M$680.5M$717.7M$742.2M$658.2M$562.3M
Operating income $549.5M$498.5M$495.8M$473.2M$357.9M$205.5M$89.0M$233.8M$225.8M$175.4M
Interest expense $17.4M$18.2M$20.5M$24.8M$26.8M$30.8M$37.3M$40.8M$24.1M$8.8M
Pre-tax income $544.3M$501.0M$498.1M$449.8M$329.8M$177.1M$55.2M$194.5M$204.7M$167.0M
Income tax $129.7M$108.0M$112.4M$103.1M$72.4M$32.3M$31.2M$50.5M$63.1M$33.1M
Net income $414.5M$393.0M$385.8M$346.7M$257.4M$144.8M$24.0M$144.0M$141.6M$133.9M
EPS, basic 11.0910.269.988.986.693.730.623.723.653.43
EPS, diluted 10.9510.129.838.846.583.680.623.683.613.40
Shares, diluted (wtd. avg.) 37.9M38.8M39.3M39.2M39.1M39.3M39.0M39.2M39.3M39.4M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $127.1M$388.4M$460.6M$344.0M$184.5M$257.7M$268.6M$108.2M$54.1M$105.1M
Receivables $831.2M$769.7M$724.9M$708.4M$656.4M$516.3M$450.0M$540.9M$548.8M$390.9M
Inventory $509.0M$505.3M$488.3M$501.2M$449.8M$362.5M$389.1M$447.6M$422.1M$345.1M
Total current assets $1.58B$1.75B$1.77B$1.65B$1.36B$1.20B$1.16B$1.15B$1.06B$882.5M
Property, plant and equipment $131.7M$128.2M$118.5M$115.0M$111.9M$115.6M$121.9M$124.3M$121.3M$108.1M
Goodwill $704.7M$699.4M$619.4M$578.4M$563.2M$560.1M$540.6M$662.0M$646.6M$206.1M
Other intangibles $312.8M$348.6M$245.9M$235.5M$250.6M$279.6M$343.2M$368.9M$435.9M$163.6M
Total assets $3.01B$3.18B$2.95B$2.74B$2.45B$2.27B$2.28B$2.33B$2.29B$1.39B
Accounts payable $341.1M$280.1M$266.9M$301.7M$259.5M$208.2M$186.3M$237.3M$256.9M$180.6M
Short-term debt —$0$25.1M$25.2M$40.2M$43.5M$78.6M$49.0M$19.2M$4.8M
Total current liabilities $612.4M$526.2M$501.1M$540.3M$499.6M$427.7M$426.1M$423.8M$432.6M$309.8M
Long-term debt $262.3M$572.3M$572.3M$596.9M$649.1M$784.9M$855.1M$908.9M$944.5M$286.8M
Total liabilities $1.15B$1.33B$1.26B$1.28B$1.30B$1.34B$1.44B$1.43B$1.47B$642.3M
Retained earnings $2.79B$2.45B$2.12B$1.79B$1.50B$1.29B$1.20B$1.23B$1.13B$1.03B
Total equity $1.86B$1.84B$1.69B$1.46B$1.15B$932.5M$843.5M$897.0M$815.0M$745.3M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $484.1M$492.4M$371.4M$344.0M$187.6M$241.7M$296.7M$180.6M$147.3M$164.6M
Depreciation and amortisation $25.9M$24.9M$23.4M$22.3M$21.7M$20.8M$21.2M$20.2M$17.8M$15.3M
Stock-based compensation ——————$4.0M$4.5M$4.7M$3.6M
Capital expenditure $23.6M$27.2M$24.9M$26.5M$18.1M$15.9M$20.1M$19.0M$23.2M$17.0M
Investing cash flow -$33.9M-$318.8M-$95.4M-$60.8M-$35.7M-$44.9M-$55.4M-$55.1M-$797.9M-$16.9M
Financing cash flow -$711.5M-$245.6M-$156.5M-$126.9M-$223.0M-$213.0M-$78.2M-$71.5M$600.3M-$103.3M
Dividends paid $72.6M$63.7M$55.9M$53.4M$51.8M$50.7M$48.9M$47.3M$45.9M$44.6M
Buybacks $317.2M$152.8M$73.4M$716.0K$13.8M$40.1M$0$11.2M$22.8M$8.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000109563-26-000033.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2017: 2.6B Gross profit, FY2017: 737.7M Net income, FY2017: 133.9M Revenue, FY2018: 3.1B Gross profit, FY2018: 884M Net income, FY2018: 141.6M Revenue, FY2019: 3.5B Gross profit, FY2019: 1B Net income, FY2019: 144M Revenue, FY2020: 3.2B Gross profit, FY2020: 937.7M Net income, FY2020: 24M Revenue, FY2021: 3.2B Gross profit, FY2021: 935.5M Net income, FY2021: 144.8M Revenue, FY2022: 3.8B Gross profit, FY2022: 1.1B Net income, FY2022: 257.4M Revenue, FY2023: 4.4B Gross profit, FY2023: 1.3B Net income, FY2023: 346.7M Revenue, FY2024: 4.5B Gross profit, FY2024: 1.3B Net income, FY2024: 385.8M Revenue, FY2025: 4.6B Gross profit, FY2025: 1.4B Net income, FY2025: 393M Revenue, FY2026: 5B Gross profit, FY2026: 1.5B Net income, FY2026: 414.5M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $2.59B $3.07B $3.47B $3.25B $3.24B $3.81B $4.41B $4.48B $4.56B $4.97B
Gross profit $737.7M $884.0M $1.01B $937.7M $935.5M $1.11B $1.29B $1.34B $1.38B $1.51B
Net income $133.9M $141.6M $144.0M $24.0M $144.8M $257.4M $346.7M $385.8M $393.0M $414.5M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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