Applied Industrial Technologies, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.97B | $4.56B | $4.48B | $4.41B | $3.81B | $3.24B | $3.25B | $3.47B |
| Service Center Based Distribution | $3.18B | $3.01B | $3.06B | $2.97B | $2.57B | $2.20B | — | — |
| Engineered Solutions | $1.78B | $1.55B | $1.42B | $1.45B | $1.25B | $1.04B | — | — |
| Cost of Revenue | $3.46B | $3.18B | $3.14B | $3.13B | $2.70B | $2.30B | $2.31B | $2.47B |
| Gross Profit | $1.51B | $1.38B | $1.34B | $1.29B | $1.11B | $935.5M | $937.7M | $1.01B |
| Gross Margin | 30.3% | 30.3% | 29.8% | 29.2% | 29.0% | 28.9% | 28.9% | 29.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $957.3M | $884.6M | $840.8M | $813.8M | $749.1M | $680.5M | $717.7M | $742.2M |
| Operating Income | $549.5M | $498.5M | $495.8M | $473.2M | $357.9M | $205.5M | $89.0M | $233.8M |
| Operating Margin | 11.1% | 10.9% | 11.1% | 10.7% | 9.4% | 6.3% | 2.7% | 6.7% |
| Interest Expense | — | $18.2M | $20.5M | $24.8M | $26.8M | $30.8M | $37.3M | $40.8M |
| Pretax Income | $544.3M | $501.0M | $498.1M | $449.8M | $329.8M | $177.1M | $55.2M | $194.5M |
| Income Tax Expense | $129.7M | $108.0M | $112.4M | $103.1M | $72.4M | $32.3M | $31.2M | $50.5M |
| Net Income | $414.5M | $393.0M | $385.8M | $346.7M | $257.4M | $144.8M | $24.0M | $144.0M |
| Net Margin | 8.3% | 8.6% | 8.6% | 7.9% | 6.8% | 4.5% | 0.7% | 4.1% |
| EPS (Basic) | $11.09 | $10.26 | $9.98 | $8.98 | $6.69 | $3.73 | $0.62 | $3.72 |
| EPS (Diluted) | $10.95 | $10.12 | $9.83 | $8.84 | $6.58 | $3.68 | $0.62 | $3.68 |
| Shares Outstanding (Basic) | 37.4M | 38.3M | 38.7M | 38.6M | 38.5M | 38.8M | 38.7M | 38.7M |
| Shares Outstanding (Diluted) | 37.9M | 38.8M | 39.3M | 39.2M | 39.1M | 39.3M | 39.0M | 39.2M |
| Dividends Per Share | $1.99 | $1.66 | $1.44 | $1.38 | $1.34 | $1.30 | $1.26 | $1.22 |