MARKETS / NYSE / AIT

NYSE · WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES · LARGE CAP

Applied Industrial Technologies Inc. AIT

18 fiscal years on record · USD · FY2025 reported · SEC filings only

16 YEARS OF DIVIDEND GROWTH

Revenue

$5.0B

▲ 8.8% YoY

Net income

$414.5M

▲ 5.5% YoY

Free cash flow

$460.5M

▼ 1.0% YoY

In brief

What this company does

Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, flow control, automation technologies and related maintenance supplies, and provides technical solutions built around them. The company operates approximately 580 facilities — including service center, fluid power, flow control and automation operations, repair shops and distribution centers — staffed by approximately 6,900 employee associates, and offers more than 9.4 million stock keeping units focused on industrial bearings, power transmission products, fluid power components and systems, specialty flow control and advanced factory automation solutions, as well as general maintenance products. The company generated 88% of its 2026 sales in the United States, with the remainder from international operations in Canada, Mexico, Australia, New Zealand, Singapore and Costa Rica. It reports results in two segments, Service Center and Engineered Solutions. The Service Center segment provides MRO-focused distribution operations across North America, Australia and New Zealand. The Engineered Solutions segment distributes, engineers, designs, integrates and repairs hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies. Headquartered in Cleveland, Ohio, Applied Industrial Technologies, Inc. and its predecessor companies have engaged in business since 1923.

Written from the business description in APPLIED INDUSTRIAL TECHNOLOGIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 August 2026. Every sentence was checked against that document before publication.

Growth

USD 5.0B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 5.0 · Net income 0.4

Compound annual growth

Revenue

+4.0%

+8.9%

+7.0%

+5.5%

Net income

+6.1%

+23.4%

+30.2%

+10.2%

EPS, diluted

+7.4%

+24.4%

+30.7%

+11.2%

Dividend / share

+13.0%

+8.9%

+6.1%

+7.2%

Returned to shareholders

+93.2%

+33.9%

+17.2%

+17.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.9% a year over five years — but profit grew faster: net income at +23.4%, earnings per share at +24.4%.

The share count fell from 0.04B to 0.04B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 11.1% · Net 8.3%

ROE

FY2025 · ROE 22.4%

Gross margin30.3%

Operating margin11.1%

Net margin8.3%

Return on assets13.4%

EBITDAUSD 575.3M

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 389.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 460.5

Net buybacks $M Dividends $M

FY2025 · Dividends 72.6 · Net buybacks 317.2

Dividends paidUSD 72.6M

Net buybacksUSD 317.2M

Share of profit94.0%

Consecutive raises16 years

USD 72.6M in dividends and USD 317.2M in buybacks — 94% of the year's profit went back to shareholders.

Total assetsUSD 3.0B

EquityUSD 1.9B

CashUSD 127.1M

Gross debtUSD 262.3M

Net debtUSD 135.2M

Current ratio2.58×

Net debt stands at 7% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	5.0	4.6	4.5	4.4	3.8	3.2	3.2	3.5	3.1	2.6	2.5	2.8	2.5	2.5	2.4	2.2	1.9	1.9
Operating income $B	0.5	0.5	0.5	0.5	0.4	0.2	0.1	0.2	0.2	0.2	0.1	0.2	0.2	0.2	0.2	0.2	0.1	0.1
EBITDA $B	0.6	0.5	0.5	0.5	0.4	0.2	0.1	0.3	0.2	0.2	0.1	0.2	0.2	0.2	0.2	0.2	0.1	0.1
Income tax $B	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.0	0.0
Net income $B	0.4	0.4	0.4	0.3	0.3	0.1	0.0	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.0
Free cash flow $B	0.5	0.5	0.3	0.3	0.2	0.2	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1
EPS, diluted $	10.95	10.12	9.83	8.84	6.58	3.68	0.62	3.68	3.61	3.40	0.75	2.80	2.67	2.78	2.54	2.24	1.54	0.99
Dividend / sh $	1.99	1.66	1.44	1.38	1.34	1.30	1.26	1.22	1.18	1.14	1.10	1.04	0.96	0.88	0.80	0.70	0.60	0.60
Payout %	18	16	14	15	20	35	203	33	32	33	146	37	36	31	31	31	39	60
ROE %	22.4	22.2	24.5	26.6	24.7	16.3	2.8	16.8	18.2	19.1	4.2	15.0	14.5	16.5	16.7	16.3	12.4	8.3
Shares out B	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	·	·	·	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityWholesale-Machinery, Equipment & Supplies

Listed onNYSE

Incorporated inOhio

Fiscal year endsJune 30

Data on record since2008