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Applied Industrial Technologies, Inc.

AIT Industrials Industrial Distribution

Applied Industrial Technologies, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $5.0 billion, up 8.84% from fiscal 2025. In the quarter to June 2026, revenue grew 10.5%, EPS grew 13.0%, free cash flow grew 15.0% and total debt fell 54.2%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five.

330.84 2.99 −0.90%
Market cap
$12.3B
P/E
29.8×
Fwd P/E
26.7×
Dividend yield
0.60%
F-score
8/9
Altman Z
10.54
Beneish M
−2.45
Dividend safety
93/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 15.82
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 5 — — 1 1 — 2 — —
Insider Ownership 2.51%

Capital & Financial Ratios $m

Market Cap 12,260.00
Revenue 4,966.69
Net Income 414.53
Free Cash Flow 461.61
Net Debt 135.17
Current Ratio 2.58 (at or above 1.5: strong)
Debt/Equity 0.14 (at or below 0.5: strong)
P/E ratio 29.81
Fwd P/E 26.70
P/S ratio 2.49
P/B ratio 6.64 (above 6: high)
Past 5Y EPS Growth 24.37% (at or above 15%: strong)
This Y EPS Growth 9.88%
Next Y EPS Growth 9.72%
Next Y revenue growth 5.87%
Next 5Y EPS Growth 8.73%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 1.2×; over the ten years it ranged from 0.7× in 2016 to 2.6× in 2026.
P/E against its own 10 years 78.73%
10-year low 10-year high
P/S against its own 10 years 97.79%
10-year low 10-year high
P/B against its own 10 years 97.86%
10-year low 10-year high
EV/Sales against its own 10 years 97.71%
10-year low 10-year high
EV/FCF against its own 10 years 80.58%
10-year low 10-year high

Dividends

Payout Ratio 0.18
Annual Dividend Rate 1.99
Annual Dividend Yield 0.60%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 1.93
0.51
0.51
0.51
2025 1.84
0.46
0.46
0.46
0.46
2024 1.48
0.37
0.37
0.37
0.37
2023 1.40
0.35
0.35
0.35
0.35
2022 1.36
0.34
0.34
0.34
0.34
2021 1.32
0.33
0.33
0.33
0.33
2020 1.28
0.32
0.32
0.32
0.32
2019 1.24
0.31
0.31
0.31
0.31
2018 1.20
0.30
0.30
0.30
0.30
2017 1.16
0.29
0.29
0.29
0.29
2016 1.12
0.28
0.28
0.28
0.28
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 344 461 388 127
Receivables 708 725 770 831
Inventory 501 488 505 509
Other 93 96 84 111
1,647 1,770 1,747 1,579
2023 2024 2025 2026
Payables 302 267 280 341
ST’ Debt 25 25 — —
Other 115 116 146 162
540 501 526 612

Compound Annual Growth %

10y 5y 3y
Sales 7.02% 8.95% 4.02%
Cash Flow 11.57% 14.90% 12.06%
Earnings 30.21% 23.42% 6.13%
Book Value 10.96% 14.83% 8.48%

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 1,200 1,163 1,251 1,353 4,967
’25 1,099 1,073 1,167 1,225 4,563
’24 1,095 1,077 1,146 1,161 4,479
’23 1,062 1,060 1,132 1,158 4,413
’22 892 877 981 1,061 3,811
’21 748 751 841 896 3,236
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 119 100 100 165 484
’25 128 95 122 147 492
’24 66 102 84 119 371
’23 26 63 75 180 344
’22 49 33 53 54 188
’21 82 78 44 38 242
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 112 94 96 160 462
’25 123 90 115 139 467
’24 62 97 77 112 347
’23 20 56 67 175 319
’22 45 29 48 48 171
’21 78 73 41 35 227
Fiscal quarters ending in the months shown.

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 2.63 2.51 2.65 3.17 10.95
’25 2.36 2.39 2.57 2.80 10.12
’24 2.39 2.32 2.48 2.64 9.83
’23 1.97 2.05 2.47 2.35 8.84
’22 1.36 1.46 1.75 2.02 6.58
’21 0.89 (0.14) 1.42 1.51 3.68
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 54.00 50.56 49.45 30.66 70.08 88.09 116.94 163.50 199.96 250.90

Analyst estimates 2027–2029

Powerpack
High 70.05 82.35 68.21 82.43 109.87 133.74 176.44 282.98 280.95 374.80
People
People Employees 5,554 6,634 6,650 6,200 5,900 6,100 6,200 6,500 6,800 6,900
Revenue/emp, $m 0.47 0.46 0.52 0.52 0.55 0.62 0.71 0.69 0.67 0.72
Income, $m
Income, $m Revenue 2,594 3,073 3,473 3,246 3,236 3,811 4,413 4,479 4,563 4,967
Gross margin, % 28.44 28.76 29.02 28.89 28.91 29.05 29.16 29.84 30.31 30.34
EBT 167 205 194 55 177 330 450 498 501 544
EBT margin, % 6.44 6.66 5.60 1.70 5.47 8.65 10.19 11.12 10.98 10.96
Net income 134 142 144 24 145 257 347 386 393 415
Depreciation 42 52 96 197 107 57 56 56 65 71
Per share, $
Per share, $ Revenue 66.48 79.31 89.80 83.96 83.49 99.05 114.34 115.83 119.18 132.88
Earnings 3.43 3.65 3.72 0.62 3.73 6.69 8.98 9.98 10.26 11.09
Cash flow 4.22 3.80 4.67 7.68 6.24 4.88 8.91 9.60 12.86 12.95
Capex (0.36) (0.57) (0.46) (0.47) (0.38) (0.44) (0.65) (0.63) (0.66) (0.60)
Free cash flow 3.86 3.23 4.21 7.21 5.86 4.43 8.26 8.98 12.20 12.35
Book value 19.10 21.03 23.20 21.82 24.06 29.88 37.79 43.67 48.17 49.81
Shares, m 39 39 39 39 39 38 39 39 38 37
Valuation, ×
Valuation, × P/E 17.17 19.37 16.40 100.63 24.41 14.35 16.09 19.10 22.63 30.46
P/S 0.89 0.89 0.68 0.74 1.09 0.97 1.27 1.64 1.95 2.54
P/B 3.09 3.37 2.63 2.86 3.78 3.22 3.83 4.36 4.83 6.79
EV/Sales 0.96 1.19 0.92 0.95 1.27 1.10 1.33 1.67 2.00 2.58
EV/FCF 16.55 29.24 19.73 11.05 18.06 24.65 18.40 21.59 19.50 27.71
Cash, $m
Cash, $m Operating cash flow 165 147 181 297 242 188 344 371 492 484
Capex (14) (22) (18) (18) (15) (17) (25) (24) (25) (22)
Free cash flow 150 125 163 279 227 171 319 347 467 462
Balance, $m
Balance, $m Working capital 573 625 724 734 769 860 1,106 1,269 1,221 966
Total debt 292 964 958 934 828 689 622 597 572 262
Net debt 187 910 850 665 571 505 278 137 184 135
Shareholders’ equity 745 815 897 844 933 1,149 1,458 1,689 1,845 1,862
Returns, %
Returns, % ROA 9.92 7.71 6.24 1.04 6.36 10.90 13.35 13.55 12.83 13.40
ROIC 11.76 8.18 8.37 3.69 8.54 13.52 17.03 16.98 15.36 17.20
ROE 19.09 18.15 16.82 2.76 16.30 24.73 26.59 24.51 22.24 22.37
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

Applied Industrial Technologies, Inc. vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WCC WESCO International, Inc. $16.9B 23.5× 22.4× +12.98% (above 0%: growing) +10.44% (above 0%: growing) −70.35% (below 0%: shrinking) 21.85% 5.73% Compare
WSO.B Watsco, Inc. $16.0B 24.9× — +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
WSO Watsco, Inc. $12.4B 25.6× 28.8× +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
AIT Applied Industrial Technologies, Inc. $12.3B 29.8× 26.7× +10.45% (above 0%: growing) +13.03% (above 0%: growing) +15.02% (above 0%: growing) 30.40% 11.78%
QXO QXO, Inc. $11.6B — (loss-making) — (loss-making) +70.30% (above 0%: growing) n/m −27.62% (below 0%: shrinking) 24.74% (1.29%) Compare
CNM Core & Main, Inc. $8.0B 17.3× 19.2× +2.48% (above 0%: growing) +8.45% (above 0%: growing) +83.33% (above 0%: growing) 26.71% 10.58% Compare
MSM MSC Industrial Direct Company, Inc. $7.3B 31.5× 27.6× +7.82% (above 0%: growing) +41.18% (above 0%: growing) −23.88% (below 0%: shrinking) 41.11% 10.19% Compare
POOL Pool Corporation $6.2B 15.8× 16.7× +2.15% (above 0%: growing) −0.19% (below 0%: shrinking) −27.07% (below 0%: shrinking) 29.66% 14.68% Compare
XMTR Xometry, Inc. $5.7B — (loss-making) — (loss-making) +41.05% (above 0%: growing) n/m −41.54% (below 0%: shrinking) 38.01% (2.42%) Compare
Median of peers $9.8B 24.2× 22.4× +5.15% +4.13% −25.48% 27.50% 10.39%

All 23 Industrial Distribution stocks →

Applied Industrial Technologies, Inc. (AIT) key facts

  • Strength: Applied Industrial Technologies, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $5.0 billion, up 8.84% from fiscal 2025.
  • Strength: Net income was $414.5 million, or $11.09 per share (basic), a net margin of 8.35%.
  • Applied Industrial Technologies, Inc. (AIT) is an Industrial Distribution company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, AIT traded at $330.84, a market capitalization of $12.3 billion.
  • At that price the stock trades at 29.8× trailing-twelve-month earnings and 2.5× sales; its P/E is higher than 79% of its own readings over the past ten years.
  • Applied Industrial Technologies, Inc. pays an annual dividend of $1.99 per share, a yield of 0.60%, with a payout ratio of 18.2%.
  • Return on equity was 22.4% and debt-to-equity 0.14.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 10.54 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Applied Industrial Technologies, Inc. (AIT) Latest News

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stockrow.com/AIT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com