Applied Industrial Technologies (AIT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Applied Industrial Technologies

NYSE•Industrials•Industrial Distribution

$299.10+1.52(0.01%)Pre-market

Market Cap

$10.80B

P/E

25.5x

P/S

2.1x

P/B

5.7x

Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products; and motors, belting, drives, couplings, pumps, linear motion, hydraulic and pneumatic components, filtration supplies, hoses, and other related supplies. It also installs, modifies, and repairs conveyor belts and rubber linings, as well as hose assemblies. The Engineered Solutions segment is involved in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies; and provision of fluid power and industrial flow control products. Its fluid power products and solutions are used in off-highway mobile equipment, stationary industrial equipment and machines, marine and offshore equipment, factory automation, food processing equipment, packaging operations, and downstream energy process systems. This segment also offers pumps, valves, fittings, hoses, process instrumentation, actuators, and filtration supplies; and advanced automation technologies for the design, engineering, assembly, integration, and distribution of machine vision, collaborative robots, mobile robots, radio-frequency identification, industrial networking, motion control, and machine learning technologies for OEMs, machine builders, integrators, and other industrial and technology sectors. The company was formerly known as Bearings, Inc. and changed its name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Growth (19/25); weakest: Profitability (17/25).

Profitability17/25

Growth19/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality18/25

Strengths

High ROELow leverageCash-backed earningsConsistent free cash flow

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 25.5x5y range 13.8x – 29.8x

Currently above its 20-quarter median.

P/S · 2.1x5y range 1.0x – 2.5x

Currently above its 20-quarter median.

P/B · 5.7x5y range 3.2x – 6.6x

Price & Volume

Market Cap $10.80B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.06B
Q. Revenue: $1.29B
TTM EBITDA: $629.58M
TTM Op. Income: $564.03M
Q. Op. Income: $143.59M
TTM Net Income: $424.12M
Q. Net Income: $110.40M
EPS: $3.01
Shares Out.: $36.70M

$5.06B in TTM revenue grew 8.5% YoY, reaching $1.29B last quarter. TTM EBITDA of $629.58M and TTM operating income of $564.03M show growth is flowing through to the bottom line. TTM net income of $424.12M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 30.4%
EBITDA Margin: 12.4%
Op. Margin: 11.1%
Net Margin: 8.6%

Op. margin of 11.1% is up 0.4% YoY — cost efficiency is improving. Net margin at 8.6% and gross margin of 30.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 3% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 25.5x
P/S Ratio: 2.1x
P/B Ratio: 5.7x

At 25.5x P/E, the stock trades within typical market levels. P/S of 2.1x and P/B of 5.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 5% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.98B
Cash: $112.24M
Long-Term Debt: $282.30M
Book Value: $1.88B
D/E Ratio: 0.1
Debt/EBITDA: 1.8

With $2.98B in assets and $282.30M in long-term debt, D/E is 0.1and book value is $1.88B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 51% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $86.38M
TTM Free Cash Flow: $421.86M
FCF Margin: 8.3%
FCF / Net Income: 1.0

TTM FCF of $421.86M on $86.38M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 7% — a weakening trend.