What is Applied Industrial Technologies, Inc.'s earnings per share (EPS)?

Applied Industrial Technologies, Inc. (AIT) reported diluted earnings per share of $0.01 for fiscal year 2026. This represents a 8.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Applied Industrial Technologies, Inc. (AIT) Financials

AIT

FY2026 annual

Revenue $5.0B +8.8% YoY

Net Income $415K +5.5% YoY

EPS (Diluted) $0.01 +8.9% YoY

Free Cash Flow $460.5M -1.0% YoY

Market Cap $12.3B as of Oct 13, 2026

Price / Sales 2.5x on $5.0B revenue, FY2026

Price / Earnings n/m outside the range published as a multiple, on $415K net income, FY2026

Price / Book 6.6x on $1.9B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIT SEC filings page.

Applied Industrial Technologies, Inc. (AIT) reported $5.0B in revenue for fiscal year 2026, up 8.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AIT FY2026 2026-10-04

Sales growth is converting into substantial cash, while debt reduction and shareholder distributions are materially reshaping the balance sheet.

Revenue grew 8.8% while operating cash flow fell 1.7%, indicating that expansion is absorbing more cash rather than automatically producing more. This softening points toward working-capital pressure, not heavy reinvestment, because free cash flow remained close to operating cash flow.

Gross margin at 30.3% and operating margin at 11.1% were broadly stable in FY2026, so the higher sales base did not create dramatic operating leverage. Free cash flow nearly matched operating cash flow because capital expenditures were only $24M, indicating limited reinvestment needs relative to cash generation.

The debt-to-equity ratio fell to 0.1x while financing outflows totaled $712M, consistent with debt reduction alongside buybacks and dividends rather than balance-sheet hoarding. Current ratio moved from 3.3x to 2.6x, meaning short-term cushion narrowed even as long-term leverage improved.

Financial Health Signals

Financial Health Score 72/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Applied Industrial Technologies, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Applied Industrial Technologies, Inc. has an operating margin of 11.1%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 10.9% the prior year.

Growth

Applied Industrial Technologies, Inc.'s revenue grew 8.8% year-over-year to $5.0B, a solid pace of expansion. This earns a growth score of 51/100.

Leverage

Applied Industrial Technologies, Inc. carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.58, Applied Industrial Technologies, Inc. holds $2.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.

Cash Flow

Applied Industrial Technologies, Inc. has a free cash flow margin of 9.3%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Applied Industrial Technologies, Inc. earns a strong 0.0% return on equity (ROE), meaning it generates less than $1 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 91/100. This is unchanged from the prior year.

Altman Z-Score Safe

10.34

Applied Industrial Technologies, Inc. scores 10.34, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($12.3B) relative to total liabilities ($1.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

Applied Industrial Technologies, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

N/A

Applied Industrial Technologies, Inc. reported $415K of net income while generating $484.1M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage Safe

31.60x

Applied Industrial Technologies, Inc. earns $31.60 in operating income for every $1 of interest expense ($549.5M vs $17.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.4B

YoY+10.4%

QoQ+8.1%

5Y CAGR+8.6%

10Y CAGR+7.9%

Applied Industrial Technologies, Inc. generated $1.4B in revenue in Q4 2026. This represents an increase of 10.4% from the same quarter a year earlier. Against the prior quarter it is up 8.1%.

EBITDA

$175.6M

YoY+15.7%

QoQ+13.9%

5Y CAGR+13.2%

10Y CAGR+10.1%

Applied Industrial Technologies, Inc.'s EBITDA was $175.6M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.7% from the same quarter a year earlier. Against the prior quarter it is up 13.9%.

Net Income

-$295.5M

YoY-3.8%

QoQ-396.2%

Applied Industrial Technologies, Inc. reported -$295.5M in net income in Q4 2026. This represents a decrease of 3.8% from the same quarter a year earlier. Against the prior quarter it is down 396.2%.

EPS (Diluted)

$3.16

YoY+13.3%

QoQ+19.2%

5Y CAGR+16.1%

10Y CAGR+17.0%

Applied Industrial Technologies, Inc. earned $3.16 per diluted share (EPS) in Q4 2026. This represents an increase of 13.3% from the same quarter a year earlier. Against the prior quarter it is up 19.2%.

Cash & Balance Sheet

Free Cash Flow

$159.7M

YoY+15.6%

QoQ+67.5%

5Y CAGR+35.8%

10Y CAGR+9.1%

Applied Industrial Technologies, Inc. generated $159.7M in free cash flow in Q4 2026, representing cash available after capex. This represents an increase of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 67.5%.

Cash & Debt

$127.1M

YoY-67.3%

QoQ-25.9%

5Y CAGR-13.2%

10Y CAGR+7.8%

Applied Industrial Technologies, Inc. held $127.1M in cash against $262.3M in long-term debt as of Q4 2026.

Shares Outstanding

37M

YoY-2.8%

QoQ-0.7%

5Y CAGR-1.0%

10Y CAGR-0.6%

Applied Industrial Technologies, Inc. had 37M shares outstanding in Q4 2026. This represents a decrease of 2.8% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Gross Margin

30.4%

YoY-0.2pp

QoQ0.0pp

5Y change+1.1pp

10Y change+2.3pp

Applied Industrial Technologies, Inc.'s gross margin was 30.4% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Operating Margin

11.8%

YoY+0.8pp

QoQ+0.8pp

5Y change+2.7pp

10Y change+4.9pp

Applied Industrial Technologies, Inc.'s operating margin was 11.8% in Q4 2026, reflecting core business profitability. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Net Margin

-21.9%

YoY+1.4pp

QoQ-29.8pp

5Y change-28.5pp

10Y change-26.0pp

Applied Industrial Technologies, Inc.'s net profit margin was -21.9% in Q4 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 29.8 percentage points.

Return on Equity

6.4%

YoY+0.5pp

QoQ+1.0pp

5Y change0.0pp

10Y change+2.4pp

Applied Industrial Technologies, Inc.'s ROE was 6.4% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Capital Allocation

Share Buybacks

$80.8M

YoY+10.7%

QoQ-13.1%

5Y CAGR+15.1%

Applied Industrial Technologies, Inc. spent $80.8M on share buybacks in Q4 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 10.7% from the same quarter a year earlier. Against the prior quarter it is down 13.1%.

Capital Expenditures

$5.3M

YoY-40.9%

QoQ+11.0%

5Y CAGR+7.4%

10Y CAGR+3.6%

Applied Industrial Technologies, Inc. invested $5.3M in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 40.9% from the same quarter a year earlier. Against the prior quarter it is up 11.0%.

R&D Spending

Not reported for Q4 2026.

AIT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AIT quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$5.0B+8.8%	$4.6B+1.9%	$4.5B+1.5%	$4.4B+15.8%	$3.8B+17.8%	$3.2B-0.3%	$3.2B-6.5%	$3.5B+13.0%	$3.1B+18.5%	$2.6B+2.9%	$2.5B-8.4%	$2.8B+11.9%	$2.5B-0.1%	$2.5B+3.7%	$2.4B
Cost of Revenue	$3.5B+8.8%	$3.2B+1.2%	$3.1B+0.5%	$3.1B+15.6%	$2.7B+17.5%	$2.3B-0.3%	$2.3B-6.4%	$2.5B+12.6%	$2.2B+18.0%	$1.9B+2.4%	$1.8B-8.6%	$2.0B+11.8%	$1.8B-0.4%	$1.8B+3.4%	$1.7B
Gross Profit	$1.5B+8.9%	$1.4B+3.5%	$1.3B+3.9%	$1.3B+16.3%	$1.1B+18.3%	$935.5M-0.2%	$937.7M-6.9%	$1.0B+14.0%	$884.0M+19.8%	$737.7M+4.3%	$707.4M-8.1%	$769.8M+12.1%	$686.9M+0.6%	$683.0M+4.4%	$654.5M
SG&A Expenses	$957.3M+8.2%	$884.6M+5.2%	$840.8M+3.3%	$813.8M+8.6%	$749.1M+10.1%	$680.5M-5.2%	$717.7M-3.3%	$742.2M+12.8%	$658.2M+17.0%	$562.3M+1.7%	$552.8M-5.5%	$585.2M+12.0%	$522.6M+3.2%	$506.6M+4.2%	$486.1M
Operating Income	$549.5M+10.2%	$498.5M+0.5%	$495.8M+4.8%	$473.2M+32.2%	$357.9M+74.2%	$205.5M+130.9%	$89.0M-61.9%	$233.8M+3.5%	$225.8M+28.8%	$175.4M+95.3%	$89.8M-51.4%	$184.6M+12.3%	$164.4M-6.8%	$176.4M+4.8%	$168.4M
EBITDA	$615.4M+10.1%	$559.0M+2.0%	$548.2M+4.2%	$526.2M+27.9%	$411.4M+57.9%	$260.6M+71.7%	$151.7M-48.7%	$295.9M+7.3%	$275.7M+28.2%	$215.1M+63.8%	$131.3M-42.1%	$227.0M+18.0%	$192.4M-4.8%	$202.1M+5.8%	$191.1M
Interest Expense	$17.4M-4.5%	$18.2M-11.3%	$20.5M-17.1%	$24.8M-7.4%	$26.8M-13.1%	$30.8M-17.3%	$37.3M-8.6%	$40.8M+69.0%	$24.1M+173.4%	$8.8M-1.9%	$9.0M+10.9%	$8.1M+802.3%	$900K+44.9%	$621K+35.9%	$457K
Income Tax	$129.7M+20.2%	$108.0M-3.9%	$112.4M+9.0%	$103.1M+42.4%	$72.4M+124.0%	$32.3M+3.6%	$31.2M-38.2%	$50.5M-20.0%	$63.1M+90.9%	$33.1M-33.1%	$49.4M-18.2%	$60.4M+13.0%	$53.4M-10.2%	$59.5M+2.5%	$58.0M
Net Income	$415K+5.5%	$393K+1.9%	$386K+11.3%	$347K+34.7%	$257K-99.8%	$144.8M+502.1%	$24.0M-83.3%	$144.0M+1.7%	$141.6M+5.8%	$133.9M+352.8%	$29.6M-74.4%	$115.5M+2.4%	$112.8M-4.5%	$118.1M+8.6%	$108.8M
EPS (Basic)	$0.01+7.8%	$0.01+3.0%	$0.01-99.9%	$8.98+34.2%	$6.69+79.4%	$3.73+501.6%	$0.62-83.3%	$3.72+1.9%	$3.65+6.4%	$3.43+357.3%	$0.75-73.4%	$2.82+4.8%	$2.69-4.3%	$2.81+8.9%	$2.58
EPS (Diluted)	$0.01+8.9%	$0.01	$9.83+11.2%	$8.84+34.3%	$6.58	$3.68+493.5%	$0.62-83.2%	$3.68+1.9%	$3.61+6.2%	$3.40+353.3%	$0.75-73.2%	$2.80+4.9%	$2.67-4.0%	$2.78+9.4%	$2.54
Diluted Shares (Avg)	38M-2.5%	39M	39M+0.1%	39M+0.3%	39M	39M+0.8%	39M-0.4%	39M-0.3%	39M-0.3%	39M-0.2%	39M-4.2%	41M-2.7%	42M-0.5%	43M-0.7%	43M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$1.4B+10.4%	$1.3B+7.3%	$1.2B+8.4%	$1.2B+9.2%	$1.2B+5.5%	$1.2B+1.8%	$1.1B-0.4%	$1.1B+0.3%
Cost of Revenue	$941.5M+10.8%	$870.6M+7.3%	$809.7M+8.7%	$838.1M+8.3%	$850.0M+5.7%	$811.5M+0.4%	$745.0M-2.0%	$773.9M+0.5%
Gross Profit	$411.2M+9.7%	$380.8M+7.2%	$353.3M+7.7%	$361.4M+11.2%	$374.7M+5.2%	$355.3M+5.0%	$328.1M+3.5%	$325.1M0.0%
SG&A Expenses	$251.9M+5.1%	$242.9M+7.5%	$230.1M+11.1%	$232.4M+9.7%	$239.7M+10.5%	$225.9M+4.1%	$207.2M+2.3%	$211.9M+3.7%
Operating Income	$159.3M+17.9%	$137.9M+6.6%	$123.2M+1.9%	$129.0M+14.0%	$135.1M-3.1%	$129.4M+6.8%	$120.9M+5.5%	$113.2M-6.2%
EBITDA	$175.6M+15.7%	$154.2M+5.5%	$139.9M+4.1%	$145.7M+15.0%	$151.7M-0.5%	$146.2M+9.1%	$134.4M+5.1%	$126.7M-5.3%
Interest Expense	$21.8M+24.4%	-$2.4M-186.9%	-$942K-200.6%	-$993K-258.4%	$17.5M-27.2%	-$853K-221.9%	$936K+148.8%	$627K+147.5%
Income Tax	$39.2M+44.0%	$35.4M+28.7%	$27.4M-6.3%	$27.8M+15.7%	$27.2M-27.3%	$27.5M+8.0%	$29.3M+20.1%	$24.0M-4.3%
Net Income	-$295.5M-3.8%	$99.8M0.0%	$95.3M+2.2%	$100.8M+9.5%	-$284.8M-1.0%	$99.8M+2.7%	$93.3M+2.3%	$92.1M-1.9%
EPS (Basic)	$3.20+13.1%	$2.68+3.1%	$2.54+4.5%	$2.67+11.3%	$2.83+5.2%	$2.60+3.6%	$2.43+3.4%	$2.40-0.8%
EPS (Diluted)	$3.16+13.3%	$2.65+3.1%	$2.51+5.0%	$2.63+11.4%	$2.79+5.3%	$2.57+3.6%	$2.39+3.0%	$2.36-1.3%
Diluted Shares (Avg)	N/A	38M-3.0%	38M-2.3%	38M-1.7%	N/A	39M-1.0%	39M-0.9%	39M-0.9%

Not reported in any period shown, so not listed: R&D Expenses.

AIT Balance Sheet

AIT quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$3.0B-5.2%	$3.2B+7.6%	$3.0B+7.6%	$2.7B+11.9%	$2.5B+8.0%	$2.3B-0.5%	$2.3B-2.1%	$2.3B+2.0%	$2.3B+64.7%	$1.4B+5.8%	$1.3B-8.4%	$1.4B+7.4%	$1.3B+26.0%	$1.1B+10.0%	$962.2M
Current Assets	$1.6B-9.7%	$1.7B-1.3%	$1.8B+7.5%	$1.6B+21.1%	$1.4B+13.6%	$1.2B+3.2%	$1.2B+1.0%	$1.1B+8.5%	$1.1B+19.9%	$882.5M+12.9%	$781.5M-7.6%	$846.0M+1.2%	$836.1M+13.4%	$737.3M+10.7%	$665.8M
Cash & Equivalents	$127.1M-67.3%	$388.4M-15.7%	$460.6M+33.9%	$344.0M+86.5%	$184.5M-28.4%	$257.7M-4.0%	$268.6M+148.2%	$108.2M+99.9%	$54.1M-48.5%	$105.1M+75.5%	$59.9M-13.8%	$69.5M-2.4%	$71.2M-2.7%	$73.2M-6.7%	$78.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$509.0M+0.7%	$505.3M+3.5%	$488.3M-2.6%	$501.2M+11.4%	$449.8M+24.1%	$362.5M-6.8%	$389.1M-13.0%	$447.6M+6.0%	$422.1M+22.3%	$345.1M+2.0%	$338.2M-6.7%	$362.4M+7.9%	$335.7M+19.3%	$281.4M+23.2%	$228.5M
Accounts Receivable	$831.2M+8.0%	$769.7M+6.2%	$724.9M+2.3%	$708.4M+7.9%	$656.4M+27.1%	$516.3M+14.7%	$450.0M-16.8%	$540.9M-1.4%	$548.8M+40.4%	$390.9M+12.4%	$347.9M-7.6%	$376.3M+0.2%	$375.7M+13.9%	$329.9M+7.4%	$307.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$704.7M+0.8%	$699.4M+12.9%	$619.4M+7.1%	$578.4M+2.7%	$563.2M+0.6%	$560.1M+3.6%	$540.6M-18.3%	$662.0M+2.4%	$646.6M+213.7%	$206.1M+1.7%	$202.7M-20.3%	$254.4M+31.5%	$193.5M+81.1%	$106.8M+28.6%	$83.1M
Total Liabilities	$1.1B-13.7%	$1.3B+5.4%	$1.3B-1.7%	$1.3B-1.4%	$1.3B-2.7%	$1.3B-7.0%	$1.4B+0.4%	$1.4B-2.5%	$1.5B+129.0%	$642.3M-1.8%	$654.1M-5.4%	$691.2M+29.5%	$533.9M+78.5%	$299.1M+3.1%	$290.1M
Current Liabilities	$612.4M+16.4%	$526.2M+5.0%	$501.1M-7.3%	$540.3M+8.1%	$499.6M+16.8%	$427.7M+0.4%	$426.1M+0.5%	$423.8M-2.0%	$432.6M+39.6%	$309.8M+12.9%	$274.3M-11.5%	$310.1M+6.6%	$291.0M+18.3%	$245.9M+6.8%	$230.2M
Non-Current Liabilities	$535.8M-33.4%	$804.9M+5.6%	$762.0M+2.3%	$744.6M-7.3%	$803.6M-11.8%	$911.6M-10.1%	$1.0B+0.3%	$1.0B-2.6%	$1.0B+212.2%	$332.6M-12.4%	$379.8M-0.3%	$381.2M+56.9%	$242.9M+356.7%	$53.2M-11.2%	$59.9M
Long-Term Debt	$262.3M-54.2%	$572.3M0.0%	$572.3M-4.1%	$596.9M-8.0%	$649.1M-17.3%	$784.9M-8.2%	$855.1M-5.9%	$908.9M-3.8%	$944.5M+229.4%	$286.8M-11.7%	$324.6M+2.2%	$317.6M+89.1%	$168.0M	N/A	N/A
Total Equity	$1.9B+0.9%	$1.8B+9.2%	$1.7B+15.8%	$1.5B+26.9%	$1.1B+23.2%	$932.5M+10.6%	$843.5M-6.0%	$897.0M+10.1%	$815.0M+9.4%	$745.3M+13.3%	$657.9M-11.3%	$741.3M-7.4%	$800.3M+5.4%	$759.6M+13.0%	$672.1M
Retained Earnings	$2.8B+13.9%	$2.4B+15.4%	$2.1B+18.4%	$1.8B+19.5%	$1.5B+15.9%	$1.3B+7.8%	$1.2B-2.3%	$1.2B+8.8%	$1.1B+9.3%	$1.0B+9.4%	$944.8M-2.6%	$969.5M+8.1%	$896.8M+8.8%	$824.4M+10.9%	$743.4M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$3.0B-5.2%	$3.0B-4.1%	$3.2B+3.8%	$3.2B+6.1%	$3.2B+7.6%	$3.1B+9.1%	$3.0B+9.4%	$3.0B+9.2%
Current Assets	$1.6B-9.7%	$1.6B-6.5%	$1.7B+8.3%	$1.8B-2.4%	$1.7B-1.3%	$1.7B-4.3%	$1.6B-4.0%	$1.8B+10.1%
Cash & Equivalents	$127.1M-67.3%	$171.6M-51.4%	$406.0M+33.8%	$418.7M-22.2%	$388.4M-15.7%	$352.8M-22.7%	$303.4M-26.5%	$538.5M+49.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$509.0M+0.7%	$526.3M+5.1%	$529.0M+2.1%	$521.7M+4.8%	$505.3M+3.5%	$500.6M-0.7%	$518.0M-0.4%	$497.6M-2.0%
Accounts Receivable	$831.2M+8.0%	$792.8M+5.1%	$706.9M+1.5%	$753.4M+9.0%	$769.7M+6.2%	$754.6M+6.3%	$696.2M+5.6%	$691.5M-0.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$704.7M+0.8%	$705.0M+1.6%	$701.4M+2.2%	$699.9M+12.1%	$699.4M+12.9%	$694.2M+17.9%	$686.1M+16.4%	$624.2M+6.4%
Total Liabilities	$1.1B-13.7%	$1.1B-12.4%	$1.3B+2.7%	$1.3B+4.0%	$1.3B+5.4%	$1.3B+8.6%	$1.3B+6.5%	$1.3B+3.0%
Current Liabilities	$612.4M+16.4%	$536.6M+13.2%	$475.5M+10.7%	$497.8M+4.1%	$526.2M+5.0%	$474.2M+1.2%	$429.4M-4.4%	$478.3M+2.5%
Non-Current Liabilities	$535.8M-33.4%	$592.0M-27.3%	$809.4M-1.5%	$804.0M+4.0%	$804.9M+5.6%	$814.0M+13.4%	$821.7M+13.2%	$772.8M+3.3%
Long-Term Debt	$262.3M-54.2%	$347.3M-39.3%	$572.3M0.0%	$572.3M0.0%	$572.3M0.0%	$572.3M+0.1%	$572.3M+0.1%	$572.3M-4.1%
Total Equity	$1.9B+0.9%	$1.9B+1.8%	$1.9B+4.5%	$1.9B+7.5%	$1.8B+9.2%	$1.8B+9.5%	$1.8B+11.5%	$1.8B+14.1%
Retained Earnings	$2.8B+13.9%	$2.7B+14.0%	$2.6B+14.6%	$2.5B+15.1%	$2.4B+15.4%	$2.4B+16.0%	$2.3B+16.7%	$2.2B+17.4%

AIT Cash Flow Statement

AIT quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$484.1M-1.7%	$492.4M+32.6%	$371.4M+8.0%	$344.0M+83.4%	$187.6M-22.4%	$241.7M-18.5%	$296.7M+64.3%	$180.6M+22.6%	$147.3M-10.5%	$164.6M+1.6%	$162.0M+3.2%	$157.0M+42.6%	$110.1M-1.2%	$111.4M+23.2%	$90.4M
Depreciation & Amortization	$65.9M+9.0%	$60.5M+15.5%	$52.4M-1.4%	$53.1M-0.9%	$53.6M-2.9%	$55.1M-12.1%	$62.7M+1.0%	$62.1M+24.6%	$49.9M+25.7%	$39.7M-4.5%	$41.5M-2.0%	$42.4M+51.3%	$28.0M+8.8%	$25.7M+13.4%	$22.7M
Stock-Based Compensation	$12.9M+7.5%	$12.0M-7.3%	$12.9M+4.7%	$12.4M+4.4%	$11.8M+31.9%	$9.0M+124.5%	$4.0M-10.6%	$4.5M-4.1%	$4.7M+28.6%	$3.6M+43.8%	$2.5M-43.4%	$4.5M-1.1%	$4.5M-21.7%	$5.8M-9.5%	$6.4M
Capital Expenditures	$23.6M-13.3%	$27.2M+9.3%	$24.9M-6.1%	$26.5M+46.1%	$18.1M+14.3%	$15.9M-21.2%	$20.1M+6.0%	$19.0M-18.3%	$23.2M+36.3%	$17.0M+29.8%	$13.1M-12.1%	$14.9M-26.0%	$20.2M+65.3%	$12.2M-53.1%	$26.0M
Free Cash Flow	$460.5M-1.0%	$465.2M+34.2%	$346.5M+9.1%	$317.5M+87.4%	$169.4M-25.0%	$225.8M-18.3%	$276.6M+71.1%	$161.6M+30.3%	$124.1M-15.9%	$147.6M-0.9%	$148.9M+4.8%	$142.1M+58.0%	$89.9M-9.3%	$99.2M+54.0%	$64.4M
Investing Cash Flow	-$33.9M+89.4%	-$318.8M-234.1%	-$95.4M-56.8%	-$60.8M-70.6%	-$35.7M+20.6%	-$44.9M+18.9%	-$55.4M-0.5%	-$55.1M+93.1%	-$797.9M-4623.0%	-$16.9M+77.5%	-$75.0M+56.8%	-$173.6M+14.7%	-$203.6M-158.3%	-$78.8M-99.9%	-$39.4M
Financing Cash Flow	-$711.5M-189.7%	-$245.6M-57.0%	-$156.5M-23.3%	-$126.9M+43.1%	-$223.0M-4.7%	-$213.0M-172.3%	-$78.2M-9.4%	-$71.5M-111.9%	$600.3M+680.8%	-$103.3M-11.1%	-$93.0M-518.6%	$22.2M-75.9%	$92.1M+342.3%	-$38.0M+37.5%	-$60.8M
Dividends Paid	$72.6M+14.0%	$63.7M+14.0%	$55.9M+4.6%	$53.4M+3.2%	$51.8M+2.3%	$50.7M+3.7%	$48.9M+3.4%	$47.3M+3.1%	$45.9M+2.8%	$44.6M+3.0%	$43.3M+1.6%	$42.7M+5.6%	$40.4M+8.6%	$37.2M+10.0%	$33.8M
Share Buybacks	$317.2M+107.6%	$152.8M+108.3%	$73.4M+10149.7%	$716K-94.8%	$13.8M-65.6%	$40.1M	$0-100.0%	$11.2M-51.0%	$22.8M+176.4%	$8.2M-78.0%	$37.5M-51.0%	$76.5M+108.3%	$36.7M+69205.7%	$53K-99.8%	$31.0M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$165.0M+12.2%	$100.1M-18.2%	$99.7M+4.8%	$119.3M-6.6%	$147.0M+23.3%	$122.5M+45.4%	$95.1M-6.5%	$127.7M+92.9%
Depreciation & Amortization	$16.3M-2.4%	$16.3M-3.1%	$16.7M+23.9%	$16.7M+23.4%	$16.7M+26.4%	$16.8M+31.7%	$13.5M+1.4%	$13.5M+3.2%
Capital Expenditures	$5.3M-40.9%	$4.7M-37.3%	$6.3M+20.8%	$7.3M+31.6%	$8.9M+18.4%	$7.5M+0.8%	$5.2M-5.9%	$5.5M+27.9%
Free Cash Flow	$159.7M+15.6%	$95.4M-17.0%	$93.4M+3.8%	$112.0M-8.3%	$138.2M+23.7%	$114.9M+49.8%	$89.9M-6.5%	$122.2M+97.5%
Investing Cash Flow	-$5.1M+81.7%	-$13.4M-75.7%	-$5.8M+97.8%	-$9.5M+37.3%	-$28.2M+50.7%	-$7.6M-2.3%	-$267.8M-5073.9%	-$15.2M+40.7%
Financing Cash Flow	-$204.4M-131.1%	-$320.1M-384.6%	-$108.5M-90.1%	-$78.6M-130.8%	-$88.4M-60.0%	-$66.1M-106.8%	-$57.1M-22.1%	-$34.0M-51.4%
Dividends Paid	$18.9M+7.6%	$19.0M+7.4%	$17.3M+21.7%	$17.4M+22.3%	$17.5M+22.2%	$17.7M+23.1%	$14.3M+4.8%	$14.2M+4.9%
Share Buybacks	$80.8M+10.7%	$93.0M+87.0%	$90.2M+348.8%	$53.2M+432.8%	$73.0M+64.1%	$49.7M+173.2%	$20.1M+88.3%	$10.0M

Not reported in any period shown, so not listed: Stock-Based Compensation.

AIT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AIT quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	30.3%0.0pp	30.3%+0.5pp	29.8%+0.7pp	29.2%+0.1pp	29.0%+0.1pp	28.9%0.0pp	28.9%-0.1pp	29.0%+0.3pp	28.8%+0.3pp	28.4%+0.4pp	28.1%+0.1pp	28.0%+0.1pp	27.9%+0.2pp	27.7%+0.2pp	27.6%
Operating Margin	11.1%+0.1pp	10.9%-0.2pp	11.1%+0.4pp	10.7%+1.3pp	9.4%+3.0pp	6.3%+3.6pp	2.7%-4.0pp	6.7%-0.6pp	7.3%+0.6pp	6.8%+3.2pp	3.6%-3.2pp	6.7%0.0pp	6.7%-0.5pp	7.2%+0.1pp	7.1%
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-4.5pp	4.5%+3.7pp	0.7%-3.4pp	4.2%-0.5pp	4.6%-0.5pp	5.2%+4.0pp	1.2%-3.0pp	4.2%-0.4pp	4.6%-0.2pp	4.8%+0.2pp	4.6%
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-15.5pp	15.5%+12.7pp	2.9%-13.2pp	16.1%-1.3pp	17.4%-0.6pp	18.0%+13.5pp	4.5%-11.1pp	15.6%+1.5pp	14.1%-1.5pp	15.6%-0.6pp	16.2%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-6.4pp	6.4%+5.3pp	1.1%-5.1pp	6.2%0.0pp	6.2%-3.5pp	9.7%+7.4pp	2.3%-5.8pp	8.1%-0.4pp	8.5%-2.7pp	11.2%-0.2pp	11.3%
Current Ratio	2.58-0.7x	3.32-0.2x	3.53+0.5x	3.05+0.3x	2.72-0.1x	2.80+0.1x	2.720.0x	2.71+0.3x	2.45-0.4x	2.850.0x	2.85+0.1x	2.73-0.1x	2.87-0.1x	3.00+0.1x	2.89
Debt-to-Equity	0.14-0.2x	0.310.0x	0.34-0.1x	0.41-0.2x	0.56-0.3x	0.84-0.2x	1.010.0x	1.01-0.1x	1.16+0.8x	0.38-0.1x	0.49+0.1x	0.43+0.2x	0.21-0.2x	0.390.0x	0.43
Asset Turnover	1.65+0.2x	1.44-0.1x	1.52-0.1x	1.61+0.1x	1.55+0.1x	1.420.0x	1.42-0.1x	1.49+0.1x	1.34-0.5x	1.87-0.1x	1.920.0x	1.92+0.1x	1.84-0.5x	2.33-0.1x	2.47
FCF Margin	9.3%-0.9pp	10.2%+2.5pp	7.7%+0.5pp	7.2%+2.7pp	4.5%-2.5pp	7.0%-1.5pp	8.5%+3.9pp	4.7%+0.6pp	4.0%-1.7pp	5.7%-0.2pp	5.9%+0.8pp	5.2%+1.5pp	3.7%-0.4pp	4.0%+1.3pp	2.7%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	30.4%-0.2pp	30.4%0.0pp	30.4%-0.2pp	30.1%+0.6pp	30.6%-0.1pp	30.4%+0.9pp	30.6%+1.1pp	29.6%-0.1pp
Operating Margin	11.8%+0.8pp	11.0%-0.1pp	10.6%-0.7pp	10.8%+0.5pp	11.0%-1.0pp	11.1%+0.5pp	11.3%+0.6pp	10.3%-0.7pp
Net Margin	-21.9%+1.4pp	8.0%-0.6pp	8.2%-0.5pp	8.4%0.0pp	-23.3%+1.0pp	8.6%+0.1pp	8.7%+0.2pp	8.4%-0.2pp
Return on Equity	6.4%+0.5pp	5.4%-0.1pp	5.1%-0.1pp	5.3%+0.1pp	5.9%-0.3pp	5.5%-0.4pp	5.2%-0.5pp	5.3%-0.9pp
Return on Assets	-9.8%-0.8pp	3.3%+0.1pp	3.0%0.0pp	3.2%+0.1pp	-9.0%+0.6pp	3.2%-0.2pp	3.1%-0.2pp	3.1%-0.3pp
Current Ratio	2.58-0.7x	2.95-0.6x	3.68-0.1x	3.55-0.2x	3.32-0.2x	3.57-0.2x	3.760.0x	3.78+0.3x
Debt-to-Equity	0.14-0.2x	0.19-0.1x	0.310.0x	0.300.0x	0.310.0x	0.310.0x	0.320.0x	0.33-0.1x
Asset Turnover	0.45+0.1x	0.420.0x	0.370.0x	0.380.0x	0.390.0x	0.370.0x	0.350.0x	0.370.0x
FCF Margin	11.8%+0.5pp	7.6%-2.2pp	8.0%-0.4pp	9.3%-1.8pp	11.3%+1.7pp	9.8%+3.2pp	8.4%-0.6pp	11.1%+5.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Applied Industrial Technologies, Inc. AIT	FY2026	$5.0B	$415K	0.0%	$12.3B	72/100
Wesco International Inc. WCC	FY2025	$23.5B	$640.2M	2.7%	$17.8B	48/100
Pool Corporation POOL	FY2025	$5.3B	$406.4M	7.7%	$5.8B	58/100
QXO, Inc. QXO	FY2025	$6.8M	-$279K	-4.1%	$11.2B	21/100
Watsco, Inc. WSO	FY2025	$7.2B	$587.6M	8.1%	$11.5B	72/100
Core & Main, Inc. CNM	FY2025	$7.6B	$462.0M	6.0%	$7.4B	63/100

Where Applied Industrial Technologies, Inc. Ranks

Frequently Asked Questions

What is Applied Industrial Technologies, Inc.'s annual revenue?

Applied Industrial Technologies, Inc. (AIT) reported $5.0B in total revenue for fiscal year 2026. This represents a 8.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Applied Industrial Technologies, Inc.'s revenue growing?

Applied Industrial Technologies, Inc. (AIT) revenue grew by 8.8% year-over-year, from $4.6B to $5.0B in fiscal year 2026.

Is Applied Industrial Technologies, Inc. profitable?

Yes, Applied Industrial Technologies, Inc. (AIT) reported a net income of $415K in fiscal year 2026, with a net profit margin of 0.0%.

What is Applied Industrial Technologies, Inc.'s EBITDA?

Applied Industrial Technologies, Inc. (AIT) had EBITDA of $615.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Applied Industrial Technologies, Inc. have?

As of fiscal year 2026, Applied Industrial Technologies, Inc. (AIT) had $127.1M in cash and equivalents against $262.3M in long-term debt.

What is Applied Industrial Technologies, Inc.'s gross margin?

Applied Industrial Technologies, Inc. (AIT) had a gross margin of 30.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Applied Industrial Technologies, Inc.'s operating margin?

Applied Industrial Technologies, Inc. (AIT) had an operating margin of 11.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Applied Industrial Technologies, Inc.'s net profit margin?

Applied Industrial Technologies, Inc. (AIT) had a net profit margin of 0.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Applied Industrial Technologies, Inc. pay dividends?

Yes, Applied Industrial Technologies, Inc. (AIT) paid $1.99 per share in dividends during fiscal year 2026.

What is Applied Industrial Technologies, Inc.'s return on equity (ROE)?

Applied Industrial Technologies, Inc. (AIT) has a return on equity of 0.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

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

Applied Industrial Technologies, Inc. (AIT) generated $460.5M in free cash flow during fiscal year 2026. This represents a -1.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

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

Applied Industrial Technologies, Inc. (AIT) generated $484.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Applied Industrial Technologies, Inc.'s total assets?

Applied Industrial Technologies, Inc. (AIT) had $3.0B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Applied Industrial Technologies, Inc.'s capital expenditures?

Applied Industrial Technologies, Inc. (AIT) invested $23.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Applied Industrial Technologies, Inc. buy back shares?

Yes, Applied Industrial Technologies, Inc. (AIT) spent $317.2M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Applied Industrial Technologies, Inc. have outstanding?

Applied Industrial Technologies, Inc. (AIT) had 37M shares outstanding as of fiscal year 2026.

What is Applied Industrial Technologies, Inc.'s current ratio?

Applied Industrial Technologies, Inc. (AIT) had a current ratio of 2.58 as of fiscal year 2026, which is generally considered healthy.

What is Applied Industrial Technologies, Inc.'s debt-to-equity ratio?

Applied Industrial Technologies, Inc. (AIT) had a debt-to-equity ratio of 0.14 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Applied Industrial Technologies, Inc.'s return on assets (ROA)?

Applied Industrial Technologies, Inc. (AIT) had a return on assets of 0.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Applied Industrial Technologies, Inc.'s P/E ratio?

Applied Industrial Technologies, Inc. (AIT) has no price-to-earnings ratio at the moment: outside the range published as a multiple (on $415K net income, FY2026). The market capitalization is $12.3B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Applied Industrial Technologies, Inc.'s price-to-sales ratio?

Applied Industrial Technologies, Inc. (AIT) trades at 2.5x sales, its market capitalization divided by revenue of $5.0B revenue, FY2026. The market capitalization is $12.3B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Applied Industrial Technologies, Inc.'s Altman Z-Score?

Applied Industrial Technologies, Inc. (AIT) has an Altman Z-Score of 10.34, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Applied Industrial Technologies, Inc.'s Piotroski F-Score?

Applied Industrial Technologies, Inc. (AIT) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Applied Industrial Technologies, Inc.'s earnings high quality?

Applied Industrial Technologies, Inc. (AIT) reported $415K of net income while generating $484.1M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Applied Industrial Technologies, Inc. cover its interest payments?

Applied Industrial Technologies, Inc. (AIT) has an interest coverage ratio of 31.60x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Applied Industrial Technologies, Inc.?

Applied Industrial Technologies, Inc. (AIT) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.