Applied Industrial Technologies Inc (AIT)
Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products; and motors, belting, drives, couplings, pumps, linear motion, hydraulic and pneumatic components, filtration supplies, hoses, and other related supplies. It also installs, modifies, and repairs conveyor belts and rubber linings, as well as hose assemblies. The Engineered Solutions segment is involved in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies; and provision of fluid power and industrial flow control products. Its fluid power products and solutions are used in off-highway mobile equipment, stationary industrial equipment and machines, marine and offshore equipment, factory automation, food processing equipment, packaging operations, and downstream energy process systems. This segment also offers pumps, valves, fittings, hoses, process instrumentation, actuators, and filtration supplies; and advanced automation technologies for the design, engineering, assembly, integration, and distribution of machine vision, collaborative robots, mobile robots, radio-frequency identification, industrial networking, motion control, and machine learning technologies for OEMs, machine builders, integrators, and other industrial and technology sectors. The company was formerly known as Bearings, Inc. and changed its name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.
- Symbol
- AIT
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Industrial Distribution
- Market cap
- $12.27B
- 52 week range
- 238.34 - 374.8
Valuation
- Share price
- $333.47 (close of 2026-09-23)
- P/E (TTM)
- 30.07x
- Price to book
- 6.59x
- Price to free cash flow
- 26.65x
- Enterprise value
- $12.41B
- Book value per share
- $50.59
Price performance
| Period | Change |
|---|
| 1 day | +4.08% |
| 5 days | +5.59% |
| 1 month | -2.39% |
| 3 months | +0.78% |
| 6 months | +27.17% |
| Year to date | +29.87% |
| 1 year | +25.89% |
| 3 years | +115.29% |
| 5 years | +282.38% |
| 10 years | +625.25% |
| All time | +15126.94% |
Profitability and growth
- Return on equity
- 22.27%
- Return on invested capital
- 21.02%
- Return on assets
- 13.77%
- Return on capital employed
- 22.92%
- Gross margin
- 30.34%
- Net margin
- 8.35%
- EBITDA margin
- 11.58%
- Revenue growth
- 8.84%
- Net income growth
- 5.48%
- Free cash flow growth
- -1.01%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.75%
- Current ratio
- 2.58x
- Net debt to EBITDA
- 0.22x
Latest reported year
- Period end
- 2026-06-30
- Fiscal year
- 2026
- Revenue
- $4.97B
- Cost of revenue
- $3.46B
- Gross profit
- $1.51B
- EBITDA
- $575.34M
- Net income
- $414.52M
- Earnings per share
- $11.09
- Shares outstanding
- 37.38M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-06-30 | $4.97B | $1.51B | $414.52M | $11.09 |
| 2025-06-30 | $4.56B | $1.38B | $392.99M | $10.26 |
| 2024-06-30 | $4.48B | $1.34B | $385.76M | $9.98 |
| 2023-06-30 | $4.41B | $1.29B | $346.74M | $8.98 |
| 2022-06-30 | $3.81B | $1.11B | $257.41M | $6.69 |
| 2021-06-30 | $3.24B | $935.52M | $144.76M | $3.73 |
| 2020-06-30 | $3.25B | $937.74M | $24.04M | $0.62 |
| 2019-06-30 | $3.47B | $1.01B | $143.99M | $3.72 |
| 2018-06-30 | $3.07B | $884.00M | $141.63M | $3.65 |
| 2017-06-30 | $2.59B | $737.70M | $133.91M | $3.43 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-06-30 | 30.34% | 8.35% | 22.27% | 21.02% |
| 2025-06-30 | 30.31% | 8.61% | 21.31% | 19.25% |
| 2024-06-30 | 29.84% | 8.61% | 22.84% | 21.01% |
| 2023-06-30 | 29.16% | 7.86% | 23.77% | 21.31% |
| 2022-06-30 | 29.05% | 6.76% | 22.40% | 16.17% |
| 2021-06-30 | 28.91% | 4.47% | 15.52% | 10.86% |
| 2020-06-30 | 28.89% | 0.74% | 2.85% | 3.60% |
| 2019-06-30 | 29.02% | 4.15% | 16.05% | 10.49% |
| 2018-06-30 | 28.76% | 4.61% | 17.38% | 9.44% |
| 2017-06-30 | 28.44% | 5.16% | 17.97% | 15.28% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-06-30 | $127.13M | $262.30M |
| 2025-06-30 | $388.42M | $572.30M |
| 2024-06-30 | $460.62M | $572.28M |
| 2023-06-30 | $344.04M | $596.93M |
| 2022-06-30 | $184.47M | $649.15M |
| 2021-06-30 | $257.75M | $784.86M |
| 2020-06-30 | $268.55M | $855.14M |
| 2019-06-30 | $108.22M | $908.85M |
| 2018-06-30 | $54.15M | $944.52M |
| 2017-06-30 | $105.06M | $286.77M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-06-30 | $460.52M | $12.90M |
| 2025-06-30 | $465.20M | $12.00M |
| 2024-06-30 | $346.53M | $12.94M |
| 2023-06-30 | $317.49M | $12.36M |
| 2022-06-30 | $169.45M | $11.84M |
| 2021-06-30 | $225.84M | $8.98M |
| 2020-06-30 | $276.60M | $4.00M |
| 2019-06-30 | $161.63M | $4.47M |
| 2018-06-30 | $124.07M | $4.67M |
| 2017-06-30 | $147.57M | $3.63M |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $1.99
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $0.51 |
| 2026-05-15 | $0.51 |
| 2026-02-13 | $0.51 |
| 2025-11-14 | $0.46 |
| 2025-08-15 | $0.46 |
| 2025-05-15 | $0.46 |
| 2025-02-14 | $0.46 |
| 2024-11-15 | $0.37 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $2.84
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-13 | Jun/2026 | $2.92 |
| 2026-04-28 | - | - |
| 2026-01-27 | - | - |
| 2025-10-28 | - | - |
| 2025-08-14 | - | - |
| 2025-05-01 | - | - |
| 2025-04-23 | - | - |
| 2025-01-29 | - | - |
Filings and sources
- Company website
- applied.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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