Applied Industrial Technologies, Inc. (AIT) — Financial statements
Income statement, balance sheet, and cash flow for Applied Industrial Technologies, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,563↑1.9% | 4,479↑1.5% | 4,413↑15.8% | 3,811↑17.8% | 3,236 | |
| Cost of Revenue | 3,180↑1.2% | 3,143↑0.5% | 3,126↑15.6% | 2,704↑17.5% | 2,300 | |
| Gross Profit | 1,383↑3.5% | 1,337↑3.9% | 1,287↑16.3% | 1,107↑18.3% | 936 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 885↑5.2% | 841↑3.3% | 814↑8.6% | 750↑10.1% | 681 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 885↑5.2% | 841↑3.3% | 814↑8.6% | 750↑10.1% | 681 | |
| Other Expenses | 0.00 | 0.00 | 0.00↑100.0% | -0.61↓101.2% | 49 | |
| Operating Expenses | 885↑5.2% | 841↑3.3% | 814↑8.6% | 749↑2.6% | 730 | |
| Total Costs & Expenses | 4,065↑2.0% | 3,984↑1.1% | 3,940↑14.1% | 3,453↑13.9% | 3,030 | |
| Operating Results | ||||||
| Operating Income | 499↑0.5% | 496↑4.8% | 473↑32.2% | 358↑74.2% | 205 | |
| Depreciation & Amortization | 60↑15.5% | 52↓1.4% | 53↓0.9% | 54↓2.9% | 55 | |
| EBITDA | 580↑1.5% | 571↑8.2% | 528↑28.7% | 410↑55.9% | 263 | |
| EBIT | 519↑0.1% | 519↑9.3% | 475↑33.1% | 357↑71.5% | 208 | |
| Interest & Other Income | ||||||
| Net Interest Income | -17↓491.2% | -3↑86.9% | -22↑17.6% | -26↑14.2% | -31 | |
| Interest Income | 18↓0.6% | 18↑462.1% | 3↑503.6% | 0.52↑142.8% | 0.22 | |
| Interest Expense | 34↑67.1% | 21↓17.1% | 25↓7.4% | 27↓13.1% | 31 | |
| Non-Operating Income | -21↑9.6% | -23↓1475.9% | -1↓213.0% | 1↑153.1% | -2 | |
| Other Income / Expenses | 2↑5.7% | 2↑109.9% | -23↑16.8% | -28↑1.1% | -28 | |
| Income Before Tax | 501↑0.6% | 498↑10.7% | 450↑36.4% | 330↑86.3% | 177 | |
| Income Tax Expense | 108↓3.9% | 112↑9.0% | 103↑42.4% | 72↑124.0% | 32 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 393↑1.9% | 386↑11.3% | 347↑34.7% | 257↑77.8% | 145 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 393↑1.9% | 386↑11.3% | 347↑34.7% | 257↑77.8% | 145 | |
| Bottom-Line Net Income | 393↑1.9% | 386↑11.3% | 347↑34.7% | 257↑77.8% | 145 | |
| EPS (Basic) | 10.26↑2.8% | 9.98↑11.1% | 8.98↑34.2% | 6.69↑79.4% | 3.73 | |
| EPS (Diluted) | 10.12↑3.0% | 9.83↑11.2% | 8.84↑34.3% | 6.58↑78.8% | 3.68 | |
| Weighted Average Shares | 38↓1.0% | 39↑0.2% | 39↑0.3% | 38↓0.7% | 39 | |
| Weighted Average Diluted Shares | 39↓1.1% | 39↑0.1% | 39↑0.3% | 39↓0.5% | 39 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.