Applied Industrial Technologies Inc. (AIT) reported $5.06B of revenue for the twelve months ended Sep 30, 2026. That is up 8.5% from the year before. Revenue for fiscal 2026 was $4.97B.

Yes. Applied Industrial Technologies Inc. earned $424.12M in net income for the twelve months ended Sep 30, 2026, a net margin of 8.4%.

How much cash and debt does AIT have?

Applied Industrial Technologies Inc. reported $112.24M in cash and cash equivalents and $282.30M of debt on its most recent balance sheet in SEC filings.

How fast is AIT revenue growing?

Applied Industrial Technologies Inc.'s revenue changed +8.8% in fiscal 2026, to $4.97B. Its compound annual growth rate was +8.9% over 5 years and +7.0% over 10 years.

What is AIT gross margin?

Applied Industrial Technologies Inc.'s gross profit was $1.54B on $5.06B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 30.4%.

What is AIT free cash flow?

Applied Industrial Technologies Inc. generated $421.86M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $451.14M less capital expenditures.

What is AIT earnings per share?

Diluted earnings per share were $11.29 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did AIT last report financial results?

The latest statements here come from Applied Industrial Technologies Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.

Financials · AIT

Applied Industrial Technologies Inc. (AIT) financials

For the twelve months ended Sep 30, 2026, Applied Industrial Technologies Inc. reported $5.06B of revenue and $424.12M of net income.

Revenue, TTM: $5.06B
Revenue growth, YoY: +8.5%
Net income, TTM: $424.12M
Net income growth, YoY: +5.6%
Net margin: 8.4%
Free cash flow, TTM: $421.86M
EPS, diluted, TTM: $11.29
EPS growth, YoY: +8.7%
Cash: $112.24M
Total debt: $282.30M
P/E: 24.40
P/S: 2.05
Market cap: $10.35B

Annual revenue$4.97B

FY2017FY2026

Annual net income$414.52M

FY2017FY2026

Annual free cash flow$460.52M

FY2017FY2026

AIT revenue and earnings growth

AIT revenueQ1 2027$1.29B

Quarter YoY: +7.6%
QoQ: -4.5%
FY YoY: +8.8%
5Y CAGR: +8.9%
10Y CAGR: +7.0%

AIT revenue was $1.29B in fiscal Q1 2027 (ended Sep 30, 2026), up 7.6% from a year earlier and down 4.5% from the prior quarter. For the full fiscal 2026 it was $4.97B, up 8.8% from fiscal 2025. Compound annual growth was +8.9% over 5 years and +7.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

AIT net incomeQ1 2027$110.40M

Quarter YoY: +9.5%
QoQ: -6.9%
FY YoY: +5.5%
5Y CAGR: +23.4%
10Y CAGR: +30.2%

AIT net income was $110.40M in fiscal Q1 2027 (ended Sep 30, 2026), up 9.5% from a year earlier and down 6.9% from the prior quarter. For the full fiscal 2026 it was $414.52M, up 5.5% from fiscal 2025. Compound annual growth was +23.4% over 5 years and +30.2% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

AIT EPSQ1 2027$2.97

Quarter YoY: +12.9%
QoQ: -6.0%
FY YoY: +8.2%
5Y CAGR: +24.4%
10Y CAGR: +30.7%

AIT diluted EPS was $2.97 in fiscal Q1 2027 (ended Sep 30, 2026), up 12.9% from a year earlier and down 6.0% from the prior quarter. For the full fiscal 2026 it was $10.95, up 8.2% from fiscal 2025. Compound annual growth was +24.4% over 5 years and +30.7% over 10 years.

AIT free cash flowQ1 2027$73.36M

Quarter YoY: -34.5%
QoQ: -54.1%
FY YoY: -1.0%
5Y CAGR: +15.3%
10Y CAGR: +12.0%

AIT free cash flow was $73.36M in fiscal Q1 2027 (ended Sep 30, 2026), down 34.5% from a year earlier and down 54.1% from the prior quarter. For the full fiscal 2026 it was $460.52M, down 1.0% from fiscal 2025. Compound annual growth was +15.3% over 5 years and +12.0% over 10 years. It rose in 5 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2026 Jun 30, 2026	FY2025 Jun 30, 2025	FY2024 Jun 30, 2024	FY2023 Jun 30, 2023	FY2022 Jun 30, 2022	FY2021 Jun 30, 2021	FY2020 Jun 30, 2020	FY2019 Jun 30, 2019	FY2018 Jun 30, 2018	FY2017 Jun 30, 2017
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	$935.52M	$937.74M	$1.01B	$884.00M	$737.70M
Selling, general and admin	$957.32M	$884.63M	$840.83M	$813.81M	$749.06M	$680.54M	$717.75M	$742.24M	$658.17M	$562.31M
Operating income	$549.47M	$498.53M	$495.82M	$473.15M	$357.86M	$205.45M	$88.99M	$233.79M	$225.83M	$175.39M
Interest expense	$17.39M	$18.21M	$20.54M	$24.79M	$26.79M	$30.81M	$37.26M	$40.79M	$24.14M	$8.83M
Pre-tax income	$544.27M	$500.97M	$498.13M	$449.81M	$329.79M	$177.06M	$55.24M	$194.48M	$204.72M	$166.97M
Income tax	$129.75M	$107.98M	$112.37M	$103.07M	$72.38M	$32.30M	$31.19M	$50.49M	$63.09M	$33.06M
Net income	$414.52M	$392.99M	$385.76M	$346.74M	$257.41M	$144.76M	$24.04M	$143.99M	$141.63M	$133.91M
EPS, basic	$11.09	$10.26	$9.98	$8.98	$6.69	$3.73	$0.62	$3.72	$3.65	$3.43
EPS, diluted	$10.95	$10.12	$9.83	$8.84	$6.58	$3.68	$0.62	$3.68	$3.61	$3.40
Diluted shares	37.9M	38.8M	39.3M	39.2M	39.1M	39.3M	39.0M	39.2M	39.3M	39.4M

Balance sheet

Balance sheet
Line item	FY2026 Jun 30, 2026	FY2025 Jun 30, 2025	FY2024 Jun 30, 2024	FY2023 Jun 30, 2023	FY2022 Jun 30, 2022	FY2021 Jun 30, 2021	FY2020 Jun 30, 2020	FY2019 Jun 30, 2019	FY2018 Jun 30, 2018	FY2017 Jun 30, 2017
Cash and equivalents	$127.13M	$388.42M	$460.62M	$344.04M	$184.47M	$257.75M	$268.55M	$108.22M	$54.15M	$105.06M
Receivables	$831.24M	$769.70M	$724.88M	$708.39M	$656.43M	$516.32M	$450.00M	$540.90M	$548.81M	$390.93M
Inventory	$508.98M	$505.34M	$488.26M	$501.18M	$449.82M	$362.55M	$389.15M	$447.56M	$422.07M	$345.14M
Current assets	$1.58B	$1.75B	$1.77B	$1.65B	$1.36B	$1.20B	$1.16B	$1.15B	$1.06B	$882.54M
Goodwill	$704.70M	$699.37M	$619.39M	$578.42M	$563.21M	$560.08M	$540.59M	$661.99M	$646.64M	$206.13M
Total assets	$3.01B	$3.18B	$2.95B	$2.74B	$2.45B	$2.27B	$2.28B	$2.33B	$2.29B	$1.39B
Current liabilities	$612.41M	$526.15M	$501.10M	$540.34M	$499.63M	$427.70M	$426.08M	$423.79M	$432.55M	$309.75M
Short-term debt	-	$0	$25.05M	$25.17M	$40.17M	$43.52M	$78.65M	$49.04M	$19.18M	$4.81M
Long-term debt	$262.30M	$572.30M	$572.28M	$596.93M	$649.15M	$784.86M	$855.14M	$908.85M	$944.52M	$286.77M
Total debt	$262.30M	$572.30M	$597.33M	$622.10M	$689.32M	$828.38M	$933.79M	$957.89M	$963.71M	$291.58M
Total liabilities	$1.15B	$1.33B	$1.26B	$1.28B	$1.30B	$1.34B	$1.44B	$1.43B	$1.47B	$642.34M
Shareholders' equity	$1.86B	$1.84B	$1.69B	$1.46B	$1.15B	$932.55M	$843.54M	$897.03M	$814.96M	$745.26M

Cash flow

Cash flow
Line item	FY2026 Jun 30, 2026	FY2025 Jun 30, 2025	FY2024 Jun 30, 2024	FY2023 Jun 30, 2023	FY2022 Jun 30, 2022	FY2021 Jun 30, 2021	FY2020 Jun 30, 2020	FY2019 Jun 30, 2019	FY2018 Jun 30, 2018	FY2017 Jun 30, 2017
Operating cash flow	$484.08M	$492.38M	$371.39M	$343.97M	$187.57M	$241.70M	$296.71M	$180.60M	$147.30M	$164.62M
Capital expenditures	$23.57M	$27.19M	$24.86M	$26.48M	$18.12M	$15.85M	$20.11M	$18.97M	$23.23M	$17.05M
Free cash flow	$460.52M	$465.20M	$346.53M	$317.49M	$169.45M	$225.84M	$276.60M	$161.63M	$124.07M	$147.57M
Investing cash flow	-$33.90M	-$318.75M	-$95.41M	-$60.83M	-$35.66M	-$44.93M	-$55.40M	-$55.10M	-$797.91M	-$16.89M
Financing cash flow	-$711.54M	-$245.61M	-$156.47M	-$126.89M	-$223.03M	-$213.04M	-$78.24M	-$71.54M	$600.28M	-$103.35M
Dividends paid	$72.60M	$63.70M	$55.88M	$53.45M	$51.80M	$50.66M	$48.87M	$47.27M	$45.86M	$44.62M
Share repurchases	$317.22M	$152.84M	$73.39M	$716.0K	$13.78M	$40.09M	$0	$11.16M	$22.78M	$8.24M
Stock-based compensation	-	-	-	-	-	-	$4.00M	$4.47M	$4.67M	$3.63M

Key ratios

Key ratios
Line item	FY2026 Jun 30, 2026	FY2025 Jun 30, 2025	FY2024 Jun 30, 2024	FY2023 Jun 30, 2023	FY2022 Jun 30, 2022	FY2021 Jun 30, 2021	FY2020 Jun 30, 2020	FY2019 Jun 30, 2019	FY2018 Jun 30, 2018	FY2017 Jun 30, 2017
Revenue growth, YoY	8.8%	1.9%	1.5%	15.8%	17.8%	-0.3%	-6.5%	13.0%	18.5%	2.9%
Net income growth, YoY	5.5%	1.9%	11.3%	34.7%	77.8%	502.1%	-83.3%	1.7%	5.8%	352.8%
EPS growth, YoY	8.2%	3.0%	11.2%	34.3%	78.8%	493.5%	-83.2%	1.9%	6.2%	353.3%
Gross margin	30.3%	30.3%	29.8%	29.2%	29.0%	28.9%	28.9%	29.0%	28.8%	28.4%
Operating margin	11.1%	10.9%	11.1%	10.7%	9.4%	6.3%	2.7%	6.7%	7.3%	6.8%
Net margin	8.3%	8.6%	8.6%	7.9%	6.8%	4.5%	0.7%	4.1%	4.6%	5.2%
Free cash flow margin	9.3%	10.2%	7.7%	7.2%	4.4%	7.0%	8.5%	4.7%	4.0%	5.7%
Return on equity	22.3%	21.3%	22.8%	23.8%	22.4%	15.5%	2.9%	16.1%	17.4%	18.0%
Return on assets	13.8%	12.4%	13.1%	12.6%	10.5%	6.4%	1.1%	6.2%	6.2%	9.7%
Current ratio	2.58	3.32	3.53	3.05	2.72	2.80	2.72	2.71	2.45	2.85
Debt to equity	0.14	0.31	0.35	0.43	0.60	0.89	1.11	1.07	1.18	0.39

Income statement

Income statement
Line item	Q1 2027 Sep 30, 2026	Q4 2026* Jun 30, 2026	Q3 2026 Mar 31, 2026	Q2 2026 Dec 31, 2025	Q1 2026 Sep 30, 2025	Q4 2025* Jun 30, 2025	Q3 2025 Mar 31, 2025	Q2 2025 Dec 31, 2024	Q1 2025 Sep 30, 2024	Q4 2024* Jun 30, 2024	Q3 2024 Mar 31, 2024	Q2 2024 Dec 31, 2023
Revenue	$1.29B	$1.35B	$1.25B	$1.16B	$1.20B	$1.22B	$1.17B	$1.07B	$1.10B	$1.16B	$1.15B	$1.08B
Cost of revenue	$898.96M	$941.47M	$870.65M	$809.69M	$838.09M	$849.99M	$811.46M	$744.95M	$773.86M	$804.44M	$808.14M	$760.06M
Gross profit	$392.21M	$411.22M	$380.80M	$353.33M	$361.43M	$374.74M	$355.29M	$328.05M	$325.08M	$356.24M	$338.25M	$317.09M
Selling, general and admin	$248.62M	$251.91M	$242.88M	$230.13M	$232.40M	$239.65M	$225.89M	$207.18M	$211.91M	$216.89M	$217.04M	$202.50M
Operating income	$143.59M	$159.31M	$137.93M	$123.21M	$129.03M	$135.09M	$129.40M	$120.87M	$113.17M	$139.34M	$121.21M	$114.59M
Pre-tax income	$140.94M	$157.79M	$135.13M	$122.77M	$128.59M	$135.04M	$127.28M	$122.56M	$116.08M	$140.94M	$122.67M	$115.60M
Income tax	$30.54M	$39.19M	$35.36M	$27.42M	$27.78M	$27.21M	$27.48M	$29.27M	$24.02M	$37.44M	$25.45M	$24.37M
Net income	$110.40M	$118.60M	$99.77M	$95.35M	$100.81M	$107.84M	$99.80M	$93.29M	$92.06M	$103.49M	$97.22M	$91.23M
EPS, basic	$3.01	$3.20	$2.68	$2.54	$2.67	$2.83	$2.60	$2.43	$2.40	$2.70	$2.51	$2.35
EPS, diluted	$2.97	$3.16	$2.65	$2.51	$2.63	$2.80	$2.57	$2.39	$2.36	$2.64	$2.48	$2.32
Diluted shares	37.2M	-	37.7M	38.1M	38.3M	-	38.8M	39.0M	38.9M	-	39.3M	39.3M

Balance sheet

Balance sheet
Line item	Q1 2027 Sep 30, 2026	Q4 2026* Jun 30, 2026	Q3 2026 Mar 31, 2026	Q2 2026 Dec 31, 2025	Q1 2026 Sep 30, 2025	Q4 2025* Jun 30, 2025	Q3 2025 Mar 31, 2025	Q2 2025 Dec 31, 2024	Q1 2025 Sep 30, 2024	Q4 2024* Jun 30, 2024	Q3 2024 Mar 31, 2024	Q2 2024 Dec 31, 2023
Cash and equivalents	$112.24M	$127.13M	$171.58M	$405.99M	$418.72M	$388.42M	$352.84M	$303.44M	$538.52M	$460.62M	$456.53M	$412.86M
Receivables	$822.29M	$831.24M	$792.85M	$706.90M	$753.44M	$769.70M	$754.64M	$696.24M	$691.51M	$724.88M	$710.20M	$659.20M
Inventory	$533.25M	$508.98M	$526.32M	$529.00M	$521.67M	$505.34M	$500.56M	$518.04M	$497.57M	$488.26M	$503.91M	$520.15M
Current assets	$1.55B	$1.58B	$1.58B	$1.75B	$1.77B	$1.75B	$1.69B	$1.61B	$1.81B	$1.77B	$1.77B	$1.68B
Goodwill	$704.51M	$704.70M	$705.00M	$701.42M	$699.86M	$699.37M	$694.19M	$686.15M	$624.22M	$619.39M	$588.71M	$589.36M
Total assets	$2.98B	$3.01B	$2.99B	$3.16B	$3.19B	$3.18B	$3.12B	$3.04B	$3.00B	$2.95B	$2.85B	$2.78B
Current liabilities	$538.23M	$612.41M	$536.62M	$475.48M	$497.75M	$526.15M	$474.19M	$429.44M	$478.30M	$501.10M	$468.41M	$449.13M
Short-term debt	-	-	$18.00M	-	-	$0	$0	$0	$25.00M	$25.05M	$25.11M	$25.16M
Long-term debt	$282.30M	$262.30M	$347.30M	$572.30M	$572.30M	$572.30M	$572.30M	$572.30M	$572.29M	$572.28M	$571.86M	$571.85M
Total debt	$282.30M	$262.30M	$365.30M	$572.30M	$572.30M	$572.30M	$572.30M	$572.30M	$597.29M	$597.33M	$596.97M	$597.01M
Total liabilities	$1.10B	$1.15B	$1.13B	$1.28B	$1.30B	$1.33B	$1.29B	$1.25B	$1.25B	$1.26B	$1.19B	$1.17B
Shareholders' equity	$1.88B	$1.86B	$1.86B	$1.87B	$1.88B	$1.84B	$1.83B	$1.79B	$1.75B	$1.69B	$1.67B	$1.61B

Cash flow

Cash flow
Line item	Q1 2027 Sep 30, 2026	Q4 2026* Jun 30, 2026	Q3 2026 Mar 31, 2026	Q2 2026 Dec 31, 2025	Q1 2026 Sep 30, 2025	Q4 2025* Jun 30, 2025	Q3 2025 Mar 31, 2025	Q2 2025 Dec 31, 2024	Q1 2025 Sep 30, 2024	Q4 2024* Jun 30, 2024	Q3 2024 Mar 31, 2024	Q2 2024 Dec 31, 2023
Operating cash flow	$86.38M	$165.00M	$100.11M	$99.66M	$119.32M	$147.05M	$122.45M	$95.14M	$127.75M	$119.23M	$84.19M	$101.76M
Capital expenditures	$13.01M	$5.25M	$4.73M	$6.28M	$7.30M	$8.89M	$7.55M	$5.20M	$5.55M	$7.51M	$7.49M	$5.52M
Free cash flow	$73.36M	$159.74M	$95.38M	$93.38M	$112.02M	$138.16M	$114.90M	$89.94M	$122.20M	$111.72M	$76.70M	$96.23M
Investing cash flow	-$12.91M	-$5.15M	-$13.39M	-$5.82M	-$9.55M	-$28.17M	-$7.62M	-$267.75M	-$15.22M	-$57.13M	-$7.45M	-$5.17M
Financing cash flow	-$87.80M	-$204.38M	-$320.10M	-$108.49M	-$78.56M	-$88.44M	-$66.06M	-$57.06M	-$34.05M	-$55.29M	-$31.95M	-$46.75M
Dividends paid	$18.77M	$18.87M	$19.00M	$17.34M	$17.38M	$17.54M	$17.69M	$14.25M	$14.22M	$14.36M	$14.37M	$13.60M
Share repurchases	$80.03M	$80.84M	$92.98M	$90.23M	$53.17M	$73.04M	$49.71M	$20.10M	$9.98M	$44.51M	$18.20M	$10.68M

Key ratios

Key ratios
Line item	Q1 2027 Sep 30, 2026	Q4 2026* Jun 30, 2026	Q3 2026 Mar 31, 2026	Q2 2026 Dec 31, 2025	Q1 2026 Sep 30, 2025	Q4 2025* Jun 30, 2025	Q3 2025 Mar 31, 2025	Q2 2025 Dec 31, 2024	Q1 2025 Sep 30, 2024	Q4 2024* Jun 30, 2024	Q3 2024 Mar 31, 2024	Q2 2024 Dec 31, 2023
Revenue growth, YoY	7.6%	10.4%	7.3%	8.4%	9.2%	5.5%	1.8%	-0.4%	0.3%	0.2%	1.3%	1.6%
Net income growth, YoY	9.5%	10.0%	-0.0%	2.2%	9.5%	4.2%	2.7%	2.3%	-1.9%	12.2%	0.0%	13.4%
EPS growth, YoY	12.9%	12.9%	3.1%	5.0%	11.4%	6.1%	3.6%	3.0%	-1.3%	12.3%	0.4%	13.2%
Gross margin	30.4%	30.4%	30.4%	30.4%	30.1%	30.6%	30.5%	30.6%	29.6%	30.7%	29.5%	29.4%
Operating margin	11.1%	11.8%	11.0%	10.6%	10.8%	11.0%	11.1%	11.3%	10.3%	12.0%	10.6%	10.6%
Net margin	8.6%	8.8%	8.0%	8.2%	8.4%	8.8%	8.6%	8.7%	8.4%	8.9%	8.5%	8.5%
Free cash flow margin	5.7%	11.8%	7.6%	8.0%	9.3%	11.3%	9.8%	8.4%	11.1%	9.6%	6.7%	8.9%
Current ratio	2.89	2.58	2.95	3.68	3.55	3.32	3.57	3.76	3.78	3.53	3.77	3.75
Debt to equity	0.15	0.14	0.20	0.31	0.30	0.31	0.31	0.32	0.34	0.35	0.36	0.37

Source: XBRL data Applied Industrial Technologies Inc. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AIT peers

Company	Revenue	Growth	Net income	Net margin	Market cap
AIT	$5.06B	+8.5%	$424.12M	8.4%	$10.35B
PHParker-Hannifin Corporation	$22.41B	+11.9%	$3.72B	16.6%	$115.74B
TKRTimken Company	$4.81B	+5.9%	$283.20M	5.9%	$7.00B
MSMMSC Industrial Direct Company Inc.	$4.01B	+6.4%	$222.59M	5.6%	$6.33B

AIT FAQ

9 questions

What is AIT revenue?
Applied Industrial Technologies Inc. (AIT) reported $5.06B of revenue for the twelve months ended Sep 30, 2026. That is up 8.5% from the year before. Revenue for fiscal 2026 was $4.97B.
Is AIT profitable?
Yes. Applied Industrial Technologies Inc. earned $424.12M in net income for the twelve months ended Sep 30, 2026, a net margin of 8.4%.
How much cash and debt does AIT have?
Applied Industrial Technologies Inc. reported $112.24M in cash and cash equivalents and $282.30M of debt on its most recent balance sheet in SEC filings.
How fast is AIT revenue growing?
Applied Industrial Technologies Inc.'s revenue changed +8.8% in fiscal 2026, to $4.97B. Its compound annual growth rate was +8.9% over 5 years and +7.0% over 10 years.
What is AIT gross margin?
Applied Industrial Technologies Inc.'s gross profit was $1.54B on $5.06B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 30.4%.
What is AIT free cash flow?
Applied Industrial Technologies Inc. generated $421.86M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $451.14M less capital expenditures.
What is AIT earnings per share?
Diluted earnings per share were $11.29 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did AIT last report financial results?
The latest statements here come from Applied Industrial Technologies Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
Where does this AIT financial data come from?
Quantisnow builds these statements from the structured XBRL data Applied Industrial Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.