Applied Industrial Technologies, Inc. (AIT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 1.25B | 1.16B | 1.2B | 1.22B | 1.17B | 1.07B | 1.1B | 1.16B | 1.15B | 1.08B | 1.1B | 1.16B | 1.13B | 1.06B | 1.06B | 1.06B | 980.66M | 876.87M | 891.68M | 895.89M |
| Revenue Growth % | 7.26% | 8.39% | 9.15% | 5.52% | 1.78% | -0.39% | 0.34% | 0.22% | 1.27% | 1.59% | 3.09% | 9.1% | 15.44% | 20.92% | 19.15% | 18.48% | 16.62% | 16.72% | 19.24% | 23.56% |
| Cost of Goods Sold | 870.65M | 826.4M | 838.09M | 849.99M | 811.46M | 744.95M | 773.86M | 804.44M | 808.14M | 760.06M | 770.11M | 819.51M | 798.92M | 751.77M | 755.62M | 754.83M | 693.34M | 619.25M | 636.34M | 632.9M |
| COGS % of Revenue | 69.57% | 71.06% | 69.87% | 69.4% | 69.55% | 69.43% | 70.42% | 69.31% | 70.49% | 70.56% | 70.32% | 70.77% | 70.57% | 70.9% | 71.12% | 71.11% | 70.7% | 70.62% | 71.36% | 70.65% |
| Gross Profit | 380.8M | 336.62M | 361.43M | 374.74M | 355.29M | 328.05M | 325.08M | 356.24M | 338.25M | 317.09M | 325.08M | 338.56M | 333.12M | 308.5M | 306.78M | 306.63M | 287.32M | 257.63M | 255.34M | 262.98M |
| Gross Margin % | 30.43% | 28.94% | 30.13% | 30.6% | 30.45% | 30.57% | 29.58% | 30.69% | 29.51% | 29.44% | 29.68% | 29.23% | 29.43% | 29.1% | 28.88% | 28.89% | 29.3% | 29.38% | 28.64% | 29.35% |
| Gross Profit Growth % | 7.18% | 2.61% | 11.18% | 5.19% | 5.04% | 3.46% | 0% | 5.22% | 1.54% | 2.78% | 5.96% | 10.41% | 15.94% | 19.75% | 20.15% | 16.6% | 16.22% | 22.95% | 18.33% | 26.26% |
| Operating Expenses | 242.88M | 196.81M | 232.4M | 239.65M | 225.89M | 207.18M | 211.91M | 216.89M | 217.04M | 202.5M | 204.4M | 211.74M | 206.21M | 195.61M | 200.25M | 197.4M | 191.48M | 179.45M | 180.73M | 181.88M |
| OpEx % of Revenue | 19.41% | 16.92% | 19.37% | 19.57% | 19.36% | 19.31% | 19.28% | 18.69% | 18.93% | 18.8% | 18.66% | 18.28% | 18.22% | 18.45% | 18.85% | 18.6% | 19.53% | 20.46% | 20.27% | 20.3% |
| Selling, General & Admin | 242.88M | 196.81M | 232.4M | 239.54M | 225.89M | 207.18M | 211.91M | 216.93M | 217.07M | 202.5M | 204.4M | 213.21M | 206.27M | 195.61M | 200.25M | 197.4M | 191.48M | 179.45M | 180.73M | 181.59M |
| SG&A % of Revenue | 19.41% | 16.92% | 19.37% | 19.56% | 19.36% | 19.31% | 19.28% | 18.69% | 18.93% | 18.8% | 18.66% | 18.41% | 18.22% | 18.45% | 18.85% | 18.6% | 19.53% | 20.46% | 20.27% | 20.27% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 109K | 0 | 0 | 0 | -37K | -26K | 0 | 0 | -1000K | -67K | 0 | 0 | 0 | 0 | 0 | 0 | 296K |
| Operating Income | 137.93M | 139.81M | 129.03M | 135.09M | 129.4M | 120.87M | 113.17M | 139.34M | 121.21M | 114.59M | 120.68M | 126.81M | 126.91M | 112.89M | 106.53M | 109.22M | 95.84M | 78.18M | 74.61M | 81.1M |
| Operating Margin % | 11.02% | 12.02% | 10.76% | 11.03% | 11.09% | 11.26% | 10.3% | 12.01% | 10.57% | 10.64% | 11.02% | 10.95% | 11.21% | 10.65% | 10.03% | 10.29% | 9.77% | 8.92% | 8.37% | 9.05% |
| Operating Income Growth % | 6.59% | 15.67% | 14.01% | -3.06% | 6.76% | 5.48% | -6.22% | 9.88% | -4.5% | 1.51% | 13.28% | 16.11% | 32.42% | 44.41% | 42.78% | 34.68% | 28.71% | 3327.79% | 42.64% | 72.45% |
| EBITDA | 138.28M | 156.53M | 145.72M | 151.75M | 146.2M | 134.36M | 126.7M | 152.53M | 133.96M | 127.9M | 133.79M | 140.1M | 140.15M | 126.26M | 119.72M | 122.47M | 109.09M | 91.7M | 88.16M | 94.37M |
| EBITDA Margin % | 11.05% | 13.46% | 12.15% | 12.39% | 12.53% | 12.52% | 11.53% | 13.14% | 11.69% | 11.87% | 12.22% | 12.1% | 12.38% | 11.91% | 11.27% | 11.54% | 11.12% | 10.46% | 9.89% | 10.53% |
| EBITDA Growth % | -5.42% | 16.49% | 15.01% | -0.51% | 9.14% | 5.05% | -5.3% | 8.87% | -4.41% | 1.3% | 11.75% | 14.4% | 28.47% | 37.69% | 35.79% | 29.78% | 24.27% | 728.86% | 30.83% | 51.94% |
| D&A (Non-Cash Add-back) | 350K | 16.72M | 16.69M | 16.66M | 16.8M | 13.49M | 13.52M | 13.19M | 12.75M | 13.3M | 13.11M | 13.28M | 13.23M | 13.37M | 13.19M | 13.24M | 13.24M | 13.52M | 13.55M | 13.27M |
| EBIT | 137.57M | 127.13M | 129.58M | 155.85M | 129.4M | 120.87M | 113.17M | 157.98M | 122.93M | 114.59M | 120.68M | 129.89M | 127.05M | 112.14M | 105.52M | 107.23M | 95.37M | 79.05M | 74.93M | 81.77M |
| Net Interest Income | -2.45M | -4.36M | -993K | -5.01M | -4.51M | -3.15M | -4.06M | -11.71M | -265K | -1.92M | -1.32M | -3.15M | -4.77M | -6.18M | -6.48M | -6.01M | -5.85M | -7.01M | -7.39M | -7.67M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.33M | 0 | 0 | 0 | 4.2M | 0 | 0 | 0 | 522K | 0 | 0 | 0 | 0 |
| Interest Expense | 2.45M | 4.36M | 993K | 5.01M | 4.51M | 3.15M | 4.06M | 17.04M | 265K | 1.92M | 1.32M | 7.35M | 4.77M | 6.18M | 6.48M | 6.54M | 5.85M | 7.01M | 7.39M | 7.67M |
| Other Income/Expense | -2.8M | -17.04M | -445K | -41K | -2.12M | 1.69M | 2.91M | 1.59M | 1.46M | 1.01M | -1.75M | -4.28M | -4.63M | -6.94M | -7.49M | -8.53M | -6.32M | -6.14M | -7.08M | -7.22M |
| Pretax Income | 135.13M | 122.77M | 128.59M | 135.04M | 127.28M | 122.56M | 116.08M | 140.94M | 122.67M | 115.6M | 118.93M | 122.54M | 122.28M | 105.95M | 99.04M | 100.69M | 89.52M | 72.04M | 67.54M | 73.88M |
| Pretax Margin % | 10.8% | 10.56% | 10.72% | 11.03% | 10.91% | 11.42% | 10.56% | 12.14% | 10.7% | 10.73% | 10.86% | 10.58% | 10.8% | 9.99% | 9.32% | 9.49% | 9.13% | 8.22% | 7.57% | 8.25% |
| Income Tax | 35.36M | 27.42M | 27.78M | 27.21M | 27.48M | 29.27M | 24.02M | 37.44M | 25.45M | 24.37M | 25.1M | 30.32M | 25.09M | 25.49M | 22.16M | 21.58M | 21.22M | 15.01M | 14.57M | 14.64M |
| Effective Tax Rate % | 26.17% | 22.34% | 21.6% | 20.15% | 21.59% | 23.88% | 20.69% | 26.57% | 20.75% | 21.08% | 21.11% | 24.75% | 20.52% | 24.06% | 22.38% | 21.43% | 23.7% | 20.84% | 21.57% | 19.81% |
| Net Income | 99.77M | 95.35M | 100.81M | 107.84M | 99.8M | 93.29M | 92.06M | 103.49M | 97.22M | 91.23M | 93.83M | 92.22M | 97.19M | 80.46M | 76.88M | 79.11M | 68.31M | 57.03M | 52.97M | 59.24M |
| Net Margin % | 7.97% | 8.2% | 8.4% | 8.8% | 8.55% | 8.69% | 8.38% | 8.92% | 8.48% | 8.47% | 8.57% | 7.96% | 8.59% | 7.59% | 7.24% | 7.45% | 6.97% | 6.5% | 5.94% | 6.61% |
| Net Income Growth % | -0.03% | 2.21% | 9.5% | 4.2% | 2.66% | 2.26% | -1.88% | 12.23% | 0.03% | 13.39% | 22.04% | 16.56% | 42.28% | 41.09% | 45.14% | 33.54% | 21.84% | 1169.1% | 52.28% | 97.55% |
| Net Income (Continuing) | 99.77M | 95.35M | 100.81M | 107.84M | 99.8M | 93.29M | 92.06M | 103.49M | 97.22M | 91.23M | 93.83M | 92.22M | 97.19M | 80.46M | 76.88M | 79.11M | 68.31M | 57.03M | 52.97M | 59.24M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.65 | 2.51 | 2.63 | 2.80 | 2.57 | 2.39 | 2.36 | 2.64 | 2.48 | 2.32 | 2.39 | 2.35 | 2.48 | 2.05 | 1.97 | 2.02 | 1.75 | 1.46 | 1.36 | 1.51 |
| EPS Growth % | 3.11% | 5.02% | 11.44% | 6.06% | 3.63% | 3.02% | -1.26% | 12.34% | 0% | 13.17% | 21.32% | 16.34% | 41.71% | 40.41% | 44.85% | 33.77% | 23.24% | 1142.86% | 52.81% | 96.1% |
| EPS (Basic) | 2.68 | 2.54 | 2.67 | 2.84 | 2.60 | 2.43 | 2.40 | 2.68 | 2.51 | 2.35 | 2.42 | 2.39 | 2.52 | 2.09 | 2.00 | 2.06 | 1.78 | 1.48 | 1.38 | 1.53 |
| Diluted Shares Outstanding | 38M | 38.16M | 38.27M | 38.51M | 38.85M | 38.96M | 38.94M | 39.15M | 39.25M | 39.3M | 39.31M | 39.27M | 39.27M | 39.21M | 39.11M | 39.1M | 39.1M | 39.12M | 39.08M | 39.35M |
| Basic Shares Outstanding | 37.53M | 37.68M | 37.76M | 38.01M | 38.38M | 38.43M | 38.4M | 38.57M | 38.67M | 38.74M | 38.7M | 38.65M | 38.62M | 38.58M | 38.53M | 38.47M | 38.45M | 38.46M | 38.5M | 38.69M |
| Dividend Payout Ratio | 19.05% | 18.19% | 17.24% | 16.27% | 17.73% | 15.28% | 15.44% | 13.87% | 14.78% | 14.91% | 14.44% | 14.77% | 13.96% | 16.36% | 17.04% | 16.68% | 19.25% | 22.36% | 24% | 21.76% |