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AITApplied Industrial Technologies, Inc.
$315.33$11.7B
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AIT logoApplied Industrial Technologies, Inc.(AIT)Earnings, Financials & Key Ratios

AIT•NYSE
$315.33
31.2× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryIndustrial DistributionSub-IndustryAutomation, Motion and Fluid Power Distribution
AboutApplied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides equipment repair and technical support services. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.Show more
  • Revenue$4.56B+1.9%
  • EBITDA$559M+2.0%
  • Net Income$393M+1.9%
  • EPS (Diluted)10.12+3.0%
  • Gross Margin30.31%+1.6%
  • EBITDA Margin12.25%
  • Operating Margin10.92%-1.3%
  • Net Margin8.61%
  • ROE22.24%-9.3%

AIT Price & Volume

Applied Industrial Technologies, Inc. (AIT) stock price & volume — 10-year historical chart

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Resilient Technical Distribution Drives Consistent Shareholder Returns

Investment Thesis • Updated 2026Q3

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Robust
Primary Risk:Cyclical industrial demand sensitivity

Key Thesis Takeaways

  • Applied Industrial Technologies demonstrates a robust, asset-light business model characterized by consistent gross margins near 30% and a conservative capital structure with a 0.20 debt-to-equity ratio.
  • While top-line growth remains sensitive to industrial cycles, as evidenced by the 9.2% revenue growth in 2026Q1 followed by volatility, the company's strategic focus on high-margin technical integration and disciplined share repurchases supports long-term value creation.
  • Investors should monitor the company's ability to scale operating income, which has fluctuated between 10.3% and 12.0% margins, against potential headwinds in North American industrial production.

Verdict Logic

while the company exhibits strong cash conversion efficiency with OCF/NI ratios peaking at 1.39, the current P/E of 33.31 warrants caution regarding valuation relative to the observed volatility in revenue growth.

AIT Growth Metrics

Applied Industrial Technologies, Inc. (AIT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.19%
5 Years7.05%
3 Years6.19%
TTM7.54%

Profit CAGR

10 Years13.03%
5 Years74.86%
3 Years15.15%
TTM3.89%

EPS CAGR

10 Years13.71%
5 Years74.81%
3 Years15.43%
TTM6.33%

Return on Capital

10 Years15.09%
5 Years18.72%
3 Years21.21%
Last Year19.55%

AIT Recent Earnings

Applied Industrial Technologies, Inc. (AIT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 28, 2026
Metric
Actual
Est
EPS
$2.65+0.8%
$2.63
Rev
$1.3B+2.2%
$1.2B
Q1 2026
Jan 27, 2026
Metric
Actual
Est
EPS
$2.51+1.2%
$2.48
Rev
$1.2B-0.8%
$1.2B
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$2.63+6.0%
$2.48
Rev
$1.2B+1.0%
$1.2B
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$2.80+6.5%
$2.63
Rev
$1.2B+3.5%
$1.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$2.65vs $2.63+0.8%
$1.3Bvs $1.2B+2.2%
Q1 2026Jan 27, 2026
$2.51vs $2.48+1.2%
$1.2Bvs $1.2B-0.8%
Q4 2025Oct 28, 2025
$2.63vs $2.48+6.0%
$1.2Bvs $1.2B+1.0%
Q3 2025Aug 14, 2025
$2.80vs $2.63+6.5%
$1.2Bvs $1.2B+3.5%
Based on last 12 quarters of dataView full earnings history →

Latest AIT News

Recent stock market news and headlines for Applied Industrial Technologies, Inc. (AIT)

Business Wire·Jun 23, 2026
Applied Industrial Technologies Declares Quarterly Dividend

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.51 per common share. The dividend is payable on August 31, 2026, to shareholders of record on August 14, 2026. About Applied® Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our le.

Zacks Investment Research·Jun 19, 2026
Here's Why You Should Hold Applied Industrial Stock in Portfolio Now

AIT gains from MRO demand, acquisitions and shareholder returns, but rising costs and supply-chain issues remain key risks.

Peers Comparison

Key metrics vs top competitors for Applied Industrial Technologies, Inc. (AIT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AIT logoAITApplied Industrial Technologies, Inc.Current
$315.33$11.65B31.161.88%8.61%22.24%0.52%
GWW logoGWWW.W. Grainger, Inc.
$1356.43$64.04B38.324.51%9.7%43.13%—
MSM logoMSMMSC Industrial Direct Co., Inc.
$120.07$6.71B33.63-1.35%5.9%16.51%—
FAST logoFASTFastenal Company
$47.11$54.08B43.228.67%15.39%33.25%—
DNOW logoDNOWDnow Inc.
$12.66$1.49B-16.8818.84%-4.55%-9.21%—
WDFC logoWDFCWD-40 Company
$249.65$3.36B37.324.98%12.57%30.23%—

Compare AIT vs Peers

Applied Industrial Technologies, Inc. (AIT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GWW

Most directly comparable listed peer for AIT.

Scale Benchmark

vs PH

Larger-name benchmark to compare AIT against a more recognizable public peer.

Peer Set

Compare Top 5

vs GWW, MSM, FAST, DNOW

AIT SEC Filings & Documents

Applied Industrial Technologies, Inc. (AIT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Jan 27, 2026·SEC

Material company update

Oct 28, 2025·SEC

10-K Annual Reports

3
FY 2025

Aug 15, 2025·SEC

FY 2024

Aug 16, 2024·SEC

FY 2023

Aug 11, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 28, 2026·SEC

FY 2026

Jan 27, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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AIT Frequently Asked Questions

Applied Industrial Technologies, Inc. (AIT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Applied Industrial Technologies, Inc.'s revenue?

Applied Industrial Technologies, Inc. (AIT) reported $4.84B in revenue for fiscal year 2025. This represents a 323% increase from $1.14B in 1996.

How fast is Applied Industrial Technologies, Inc. growing?

Applied Industrial Technologies, Inc. (AIT) grew revenue by 1.9% over the past year. Growth has been modest.

Is AIT profitable?

Yes, Applied Industrial Technologies, Inc. (AIT) is profitable, generating $403.8M in net income for fiscal year 2025 (8.6% net margin).

Dividend & Returns
Does AIT pay dividends?

Yes, Applied Industrial Technologies, Inc. (AIT) pays a dividend with a yield of 0.52%. This makes it attractive for income-focused investors.

What is AIT's return on equity?

Applied Industrial Technologies, Inc. (AIT) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.

What is Applied Industrial Technologies, Inc.'s free cash flow?

Applied Industrial Technologies, Inc. (AIT) generated $437.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in AIT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →