AITNYSEWholesale-Machinery, Equipment & SuppliesFiscal year ends June 30
APPLIED INDUSTRIAL TECHNOLOGIES INC
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 13, 2026
$333.82+3.34 (+1.01%)
Close on Oct 19, 2026
- Market cap
- $12.49B
- P/E (TTM)
- 30.5
- Dividend yield
- 0.60%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
30.3%+1.4 pts over 5 years
Operating margin
11.1%+4.7 pts over 5 years
Net margin
8.3%+3.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.8% | +4.0% | +8.9% | +7.0% | |
| Gross profit | +8.9% | +5.4% | +10.0% | +7.9% | |
| Operating income | +10.2% | +5.1% | +21.7% | +19.9% | |
| Net income | +5.5% | +6.1% | +23.4% | +30.2% | |
| EPS, diluted | +8.2% | +7.4% | +24.4% | +30.7% | |
| Free cash flow | -1.0% | +13.2% | +15.3% | +12.0% | |
| Dividend per share | +19.9% | +13.0% | +8.9% | +6.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 19.1% | 16.3% | 22.4% | |
| Return on assets | 9.9% | 6.4% | 13.4% | |
| Current ratio | 2.85 | 2.80 | 2.58 | |
| Debt to equity | 0.39 | 0.89 | 0.14 | |
| Interest coverage | 19.9× | 6.7× | 31.6× | |
| Inventory turnover | 5.4× | 6.1× | 6.8× | |
| Capex to revenue | 0.7% | 0.5% | 0.5% | |
| Diluted shares | 39M | 39M | 38M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Applied Industrial Technologies generated $1.88B from operations and spent $975.59M on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$1.88B
Used
$975.59M
Capital expenditure$120.22M12%Dividends$297.43M30%Share buybacks$557.94M57%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.3%
×Asset turnover1.61×
×Equity multiplier1.67×
=Return on equity, FY202622.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 8.3% | 1.61× | 1.67× | 22.4% |
| FY2025 | 8.6% | 1.49× | 1.73× | 22.2% |
| FY2024 | 8.6% | 1.57× | 1.81× | 24.5% |
| FY2023 | 7.9% | 1.70× | 1.99× | 26.6% |
| FY2022 | 6.8% | 1.61× | 2.27× | 24.7% |
| FY2021 | 4.5% | 1.42× | 2.56× | 16.3% |
| FY2020 | 0.7% | 1.41× | 2.65× | 2.8% |
| FY2019 | 4.1% | 1.50× | 2.70× | 16.8% |
| FY2018 | 4.6% | 1.67× | 2.35× | 18.2% |
| FY2017 | 5.2% | 1.92× | 1.92× | 19.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$414.53M
- Cash generatingOperating cash flow above zero$484.08M
- Return on assets improvedROA up on the prior year13.3% → 13.1%
- Earnings backed by cashOperating cash flow above net income$484.08M vs $414.53M
- Less leverageLong-term debt to assets fell18.0% → 8.7%
- Better liquidityCurrent ratio rose3.32 → 2.58
- No dilutionShare count did not rise39M → 38M
- Gross margin improvedGross margin up on the prior year30.31% → 30.34%
- More efficientAsset turnover rose1.55 → 1.56