AIT Industrials

Applied Industrial Technologies, Inc.

$305.15+2.23%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Industrials
Industry: Industrial Distribution
Country: United States
Market cap: 11.2B USD
Enterprise value: 12.3B USD
Full-time employees: 6,900

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: growth

Ranks #964 of 2,308 industrials companies (top 42%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 5.1% from June 2023 to July 2026.
Applied Industrial Technologies had 5.1% fewer shares at July 2026 than at June 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.
Cash flow well above reported profit. Free cash flow is 1111.0× reported profit.
Free cash flow is 1111.0× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $3.2B in FY Jun 2021 to $5.0B in FY Jun 2026.
Applied Industrial Technologies's fiscal-year revenue rose in each of the five years to FY Jun 2026, from $3.2B to $5.0B.

StockQuotient Score

55/ 100

Oct 5 55 → Nov 4 55

Valuation

Is the price right?

31/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.0%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.36Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield4.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.11Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield16.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

54/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.6%

Why

Helped by:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth8.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.06Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth4.0%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.03Sector median: 0.0421 · MAD: 0.0625

Revenue growth8.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.58Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

64/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin11.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.66Sector median: 0.0773 · MAD: 0.0507

Return on assets0.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.29Sector median: 0.0311 · MAD: 0.0241

Return on invested capital21.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.61Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin30.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity0.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 72 → 73

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.85

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.75Sector median: 0.6440 · MAD: 0.2745

Current ratio2.58×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.79Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.14×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.77Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Applied Industrial Technologies

Is Applied Industrial Technologies getting weaker?: Its latest SEC filing (Sep 10, 2026) showed no major changes. Its overall score is unchanged at 55/100 since Oct 28, 2026.
How is Applied Industrial Technologies valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 31/100 against 2,459 industrials peers. Earnings yield 0.0% vs a peer median of 3.8% (weaker than 81% of peers).Earnings yield 0.0% vs peers 3.8% (weaker than 81% of peers).
Is Applied Industrial Technologies growing?: At about the same pace as its peers. Growth scores 54/100 against 2,459 industrials peers. Revenue growth 8.8% vs a peer median of 4.4% (stronger than 66% of peers).Revenue growth 8.8% vs peers 4.4% (stronger than 66% of peers).
How profitable is Applied Industrial Technologies?: More profitable than most of its peers. Profitability scores 64/100 against 2,459 industrials peers. Return on invested capital 21.7% vs a peer median of 7.1% (stronger than 88% of peers).Return on invested capital 21.7% vs peers 7.1% (stronger than 88% of peers). Return on assets 0.0% vs a peer median of 3.1% (weaker than 82% of peers).Return on assets 0.0% vs peers 3.1% (weaker than 82% of peers).
How risky is Applied Industrial Technologies?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.58× vs a peer median of 1.62× (stronger than 78% of peers).Current ratio 2.58× vs peers 1.62× (stronger than 78% of peers). Beta 0.85 vs a peer median of 0.64 (weaker than 65% of peers).Beta 0.85 vs peers 0.64 (weaker than 65% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Sep 10, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	4.8B USD	5.0B USD	+2.6%
Net income (12 months)	403.8M USD	414,525 USD	−99.9%
Operating margin	10.9%	11.1%	+0.2 pts
Free cash flow (12 months)	438.9M USD	460.5M USD	+4.9%
Debt	365.3M USD	262.3M USD	−28.2%
Cash	171.6M USD	127.1M USD	−25.9%
Shares outstanding	37.0M	36.7M	−0.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Industrial Distribution companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jun 2022	FY Jun 2023	FY Jun 2024	FY Jun 2025	FY Jun 2026	Change
Gross margin	29.0%	29.2%	29.8%	30.3%	30.3%	▲ 0.0 pts
Operating margin	9.4%	10.7%	11.1%	10.9%	11.1%	▲ 0.1 pts
Net margin	6.8%	7.9%	8.6%	8.6%	8.3%	▼ 0.3 pts
Return on assets (ROA)	10.5%	12.6%	13.1%	12.4%	13.8%	▲ 1.4 pts
Return on equity (ROE)	22.4%	23.8%	22.8%	21.3%	22.3%	▲ 1.0 pts
Free cash flow margin	4.4%	7.2%	7.7%	10.2%	9.3%	▼ 0.9 pts
Current ratio	2.72×	3.05×	3.53×	3.32×	2.58×	▼ 22%
Quick ratio	1.82×	2.12×	2.56×	2.36×	1.75×	▼ 26%
Debt to equity	0.60×	0.43×	0.35×	0.31×	0.14×	▼ 55%
Interest coverage	13.36×	19.09×	24.13×	27.37×	31.60×	▲ 15%

AIT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Worth knowing

Share count shrinking. Shares outstanding down 5.1% from June 2023 to July 2026.

Applied Industrial Technologies had 5.1% fewer shares at July 2026 than at June 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.

Cash flow well above reported profit. Free cash flow is 1111.0× reported profit.

Free cash flow is 1111.0× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $3.2B in FY Jun 2021 to $5.0B in FY Jun 2026.

Applied Industrial Technologies's fiscal-year revenue rose in each of the five years to FY Jun 2026, from $3.2B to $5.0B.

Questions investors ask about Applied Industrial Technologies

Is Applied Industrial Technologies getting weaker?

Its latest SEC filing (Sep 10, 2026) showed no major changes. Its overall score is unchanged at 55/100 since Oct 28, 2026.

How is Applied Industrial Technologies valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 31/100 against 2,459 industrials peers. Earnings yield 0.0% vs a peer median of 3.8% (weaker than 81% of peers).Earnings yield 0.0% vs peers 3.8% (weaker than 81% of peers).

Is Applied Industrial Technologies growing?

At about the same pace as its peers. Growth scores 54/100 against 2,459 industrials peers. Revenue growth 8.8% vs a peer median of 4.4% (stronger than 66% of peers).Revenue growth 8.8% vs peers 4.4% (stronger than 66% of peers).

How profitable is Applied Industrial Technologies?

More profitable than most of its peers. Profitability scores 64/100 against 2,459 industrials peers. Return on invested capital 21.7% vs a peer median of 7.1% (stronger than 88% of peers).Return on invested capital 21.7% vs peers 7.1% (stronger than 88% of peers). Return on assets 0.0% vs a peer median of 3.1% (weaker than 82% of peers).Return on assets 0.0% vs peers 3.1% (weaker than 82% of peers).

How risky is Applied Industrial Technologies?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.58× vs a peer median of 1.62× (stronger than 78% of peers).Current ratio 2.58× vs peers 1.62× (stronger than 78% of peers). Beta 0.85 vs a peer median of 0.64 (weaker than 65% of peers).Beta 0.85 vs peers 0.64 (weaker than 65% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

4.8B USD

5.0B USD

+2.6%

Net income (12 months)

403.8M USD

414,525 USD

−99.9%

Operating margin

10.9%

11.1%

+0.2 pts

Free cash flow (12 months)

438.9M USD

460.5M USD

+4.9%

Debt

365.3M USD

262.3M USD

−28.2%

Cash

171.6M USD

127.1M USD

−25.9%

Shares outstanding

37.0M

36.7M

−0.7%

Key ratios

FY Jun 2022

FY Jun 2023

FY Jun 2024

FY Jun 2025

FY Jun 2026

Change

Gross margin

29.0%

29.2%

29.8%

30.3%

▲ 0.0 pts

Operating margin

9.4%

10.7%

11.1%

10.9%

11.1%

▲ 0.1 pts

Net margin

6.8%

7.9%

8.6%

8.3%

▼ 0.3 pts

Return on assets (ROA)

10.5%

12.6%

13.1%

12.4%

13.8%

▲ 1.4 pts

Return on equity (ROE)

22.4%

23.8%

22.8%

21.3%

22.3%

▲ 1.0 pts

Free cash flow margin

4.4%

7.2%

7.7%

10.2%

9.3%

▼ 0.9 pts

Current ratio

2.72×

3.05×

3.53×

3.32×

2.58×

▼ 22%

Quick ratio

1.82×

2.12×

2.56×

2.36×

1.75×

▼ 26%

Debt to equity

0.60×

0.43×

0.35×

0.31×

0.14×

▼ 55%

Interest coverage

13.36×

19.09×

24.13×

27.37×

31.60×

▲ 15%