AIT: Applied Industrial Technologies Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Applied Industrial Technologies Inc (AIT).
$8.85B Market Cap.
AIT Market Cap. (MRY)
AIT Shares Outstanding (MRY)
AIT Assets (MRY)
Total Assets
$3.18B
Total Liabilities
$1.33B
Total Investments
$0
AIT Income (MRY)
Revenue
$4.56B
Net Income
$392.99M
Operating Expense
$884.63M
AIT Cash Flow (MRY)
CF Operations
$492.38M
CF Investing
-$318.75M
CF Financing
-$245.61M
AIT Balance Sheet (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Total Assets | $3,175,544,000 (7.58%) | $2,951,910,000 (7.60%) | $2,743,332,000 (11.85%) | $2,452,588,000 (7.96%) |
Assets Current | $1,747,473,000 (-1.27%) | $1,769,901,000 (7.47%) | $1,646,807,000 (21.13%) | $1,359,529,000 (13.62%) |
Assets Non-Current | $1,428,071,000 (20.82%) | $1,182,009,000 (7.80%) | $1,096,525,000 (0.32%) | $1,093,059,000 (1.66%) |
Goodwill & Intangible Assets | $1,047,974,000 (21.12%) | $865,265,000 (6.30%) | $813,967,000 (0.02%) | $813,795,000 (-3.09%) |
Shareholders Equity | $1,844,520,000 (9.22%) | $1,688,781,000 (15.79%) | $1,458,437,000 (26.89%) | $1,149,355,000 (23.25%) |
Property Plant & Equipment Net | $316,808,000 (25.81%) | $251,816,000 (16.73%) | $215,718,000 (-1.92%) | $219,948,000 (8.51%) |
Cash & Equivalents | $388,417,000 (-15.67%) | $460,617,000 (33.89%) | $344,036,000 (86.50%) | $184,474,000 (-28.43%) |
Accumulated Other Comprehensive Income | -$91,686,000 (-18.20%) | -$77,566,000 (-40.27%) | -$55,296,000 (23.51%) | -$72,295,000 (22.34%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $505,337,000 (3.50%) | $488,258,000 (-2.58%) | $501,184,000 (11.42%) | $449,821,000 (24.07%) |
Trade & Non-Trade Receivables | $769,699,000 (6.18%) | $724,878,000 (2.33%) | $708,395,000 (7.92%) | $656,429,000 (27.14%) |
Trade & Non-Trade Payables | $280,124,000 (4.94%) | $266,949,000 (-11.51%) | $301,685,000 (16.27%) | $259,463,000 (24.64%) |
Accumulated Retained Earnings (Deficit) | $2,447,931,000 (15.37%) | $2,121,838,000 (18.36%) | $1,792,632,000 (19.53%) | $1,499,676,000 (15.86%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $572,300,000 (-4.19%) | $597,334,000 (-3.98%) | $622,096,000 (-9.75%) | $689,324,000 (-16.79%) |
Debt Current | $0 (0%) | $25,055,000 (-0.46%) | $25,170,000 (-37.35%) | $40,174,000 (-7.70%) |
Debt Non-Current | $572,300,000 (0.00%) | $572,279,000 (-4.13%) | $596,926,000 (-8.04%) | $649,150,000 (-17.29%) |
Total Liabilities | $1,331,024,000 (5.38%) | $1,263,129,000 (-1.69%) | $1,284,895,000 (-1.41%) | $1,303,233,000 (-2.69%) |
Liabilities Current | $526,151,000 (5.00%) | $501,100,000 (-7.26%) | $540,344,000 (8.15%) | $499,627,000 (16.82%) |
Liabilities Non-Current | $804,873,000 (5.62%) | $762,029,000 (2.35%) | $744,551,000 (-7.35%) | $803,606,000 (-11.84%) |
AIT Income Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Revenues | $4,563,424,000 (1.88%) | $4,479,406,000 (1.51%) | $4,412,794,000 (15.80%) | $3,810,676,000 (17.76%) |
Cost of Revenue | $3,180,265,000 (1.19%) | $3,142,753,000 (0.54%) | $3,125,829,000 (15.61%) | $2,703,760,000 (17.53%) |
Selling General & Administrative Expense | $884,630,000 (5.21%) | $840,830,000 (3.32%) | $813,814,000 (8.64%) | $749,058,000 (10.07%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $884,630,000 (5.21%) | $840,830,000 (3.32%) | $813,814,000 (8.64%) | $749,058,000 (2.60%) |
Interest Expense | $18,214,000 (-11.34%) | $20,544,000 (-17.13%) | $24,790,000 (-7.45%) | $26,785,000 (-13.06%) |
Income Tax Expense | $107,979,000 (-3.91%) | $112,368,000 (9.02%) | $103,072,000 (42.41%) | $72,376,000 (124.04%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $392,988,000 (1.87%) | $385,762,000 (11.25%) | $346,739,000 (34.70%) | $257,414,000 (77.82%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $392,988,000 (1.87%) | $385,762,000 (11.25%) | $346,739,000 (34.70%) | $257,414,000 (77.82%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $392,988,000 (1.87%) | $385,762,000 (11.25%) | $346,739,000 (34.70%) | $257,414,000 (77.82%) |
Weighted Average Shares | $38,084,641 (-1.34%) | $38,602,617 (-0.13%) | $38,654,124 (0.55%) | $38,444,100 (-1.07%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $519,181,000 (0.10%) | $518,674,000 (9.29%) | $474,601,000 (33.10%) | $356,575,000 (71.54%) |
Gross Profit | $1,383,159,000 (3.48%) | $1,336,653,000 (3.86%) | $1,286,965,000 (16.27%) | $1,106,916,000 (18.32%) |
Operating Income | $498,529,000 (0.55%) | $495,823,000 (4.79%) | $473,151,000 (32.22%) | $357,858,000 (74.18%) |
AIT Cash Flow Statement (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$318,752,000 (-234.10%) | -$95,407,000 (-56.83%) | -$60,833,000 (-70.60%) | -$35,658,000 (20.64%) |
Net Cash Flow from Financing | -$245,607,000 (-56.97%) | -$156,468,000 (-23.31%) | -$126,888,000 (43.11%) | -$223,029,000 (-4.69%) |
Net Cash Flow from Operations | $492,385,000 (32.58%) | $371,393,000 (7.97%) | $343,966,000 (83.38%) | $187,570,000 (-22.39%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$72,200,000 (-161.93%) | $116,581,000 (-26.94%) | $159,562,000 (317.77%) | -$73,271,000 (-578.06%) |
Net Cash Flow - Business Acquisitions and Disposals | -$293,406,000 (-307.00%) | -$72,090,000 (-101.45%) | -$35,785,000 (-413.86%) | -$6,964,000 (76.96%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | -$14,835,000 (0%) |
Capital Expenditure | -$25,346,000 (-4.36%) | -$24,288,000 (3.03%) | -$25,048,000 (-47.19%) | -$17,017,000 (-15.76%) |
Issuance (Repayment) of Debt Securities | -$25,106,000 (-1.06%) | -$24,843,000 (63.06%) | -$67,247,000 (52.60%) | -$141,857,000 (-33.47%) |
Issuance (Purchase) of Equity Shares | -$152,837,000 (-108.62%) | -$73,261,000 (-12338.20%) | -$589,000 (95.55%) | -$13,229,000 (66.87%) |
Payment of Dividends & Other Cash Distributions | -$63,702,000 (-14.00%) | -$55,879,000 (-4.55%) | -$53,446,000 (-3.17%) | -$51,805,000 (-2.25%) |
Effect of Exchange Rate Changes on Cash | -$226,000 (92.31%) | -$2,937,000 (-188.54%) | $3,317,000 (253.99%) | -$2,154,000 (-139.42%) |
Share Based Compensation | $12,002,000 (-7.28%) | $12,944,000 (4.72%) | $12,361,000 (4.38%) | $11,842,000 (31.87%) |
Depreciation Amortization & Accretion | $60,480,000 (15.52%) | $52,354,000 (-1.35%) | $53,071,000 (-0.90%) | $53,555,000 (-2.88%) |
AIT Financial Metrics (MRY)
Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
Gross Margin | 30.30% (1.68%) | 29.80% (2.05%) | 29.20% (0.69%) | 29.00% (0.35%) |
Profit Margin | 8.60% (0.00%) | 8.60% (8.86%) | 7.90% (16.18%) | 6.80% (51.11%) |
EBITDA Margin | 12.70% (0.00%) | 12.70% (5.83%) | 12.00% (11.11%) | 10.80% (33.33%) |
Return on Average Equity (ROAE) | 21.80% (-8.02%) | 23.70% (-8.49%) | 25.90% (7.02%) | 24.20% (52.20%) |
Return on Average Assets (ROAA) | 12.70% (-6.62%) | 13.60% (1.49%) | 13.40% (21.82%) | 11.00% (71.88%) |
Return on Sales (ROS) | 11.40% (-1.72%) | 11.60% (7.41%) | 10.80% (14.89%) | 9.40% (46.88%) |
Return on Invested Capital (ROIC) | 29.00% (-3.97%) | 30.20% (9.42%) | 27.60% (23.77%) | 22.30% (66.42%) |
Dividend Yield | 0.70% (0.00%) | 0.70% (-30.00%) | 1.00% (-28.57%) | 1.40% (0.00%) |
Price to Earnings Ratio (P/E) | 22.66 (16.55%) | 19.44 (20.53%) | 16.13 (12.19%) | 14.38 (-41.12%) |
Price to Sales Ratio (P/S) | 1.94 (16.03%) | 1.67 (31.76%) | 1.27 (30.82%) | 0.97 (-11.33%) |
Price to Book Ratio (P/B) | 4.8 (8.23%) | 4.43 (15.52%) | 3.84 (19.33%) | 3.22 (-15.21%) |
Debt to Equity Ratio (D/E) | 0.72 (-3.48%) | 0.75 (-15.10%) | 0.88 (-22.31%) | 1.13 (-21.03%) |
Earnings Per Share (EPS) | 10.26 (2.81%) | 9.98 (11.14%) | 8.98 (34.23%) | 6.69 (79.36%) |
Sales Per Share (SPS) | 119.82 (3.26%) | 116.04 (1.65%) | 114.16 (15.17%) | 99.12 (19.03%) |
Free Cash Flow Per Share (FCFPS) | 12.26 (36.38%) | 8.99 (8.98%) | 8.25 (86.00%) | 4.44 (-24.05%) |
Book Value Per Share (BVPS) | 48.43 (10.71%) | 43.75 (15.95%) | 37.73 (26.20%) | 29.9 (24.58%) |
Tangible Assets Book Value Per Share (TABVPS) | 55.86 (3.35%) | 54.05 (8.29%) | 49.91 (17.09%) | 42.63 (15.67%) |
Enterprise Value Over EBIT (EV/EBIT) | 17 (13.33%) | 15 (15.38%) | 13 (8.33%) | 12 (-40.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 15.65 (17.14%) | 13.36 (16.76%) | 11.44 (10.94%) | 10.31 (-33.61%) |
Asset Turnover | 1.48 (-6.39%) | 1.58 (-7.39%) | 1.71 (4.79%) | 1.63 (14.09%) |
Current Ratio | 3.32 (-5.97%) | 3.53 (15.88%) | 3.05 (12.02%) | 2.72 (-2.75%) |
Dividends | $1.66 (15.28%) | $1.44 (4.35%) | $1.38 (2.99%) | $1.34 (3.08%) |
Free Cash Flow (FCF) | $467,039,000 (34.55%) | $347,105,000 (8.84%) | $318,918,000 (86.99%) | $170,553,000 (-24.87%) |
Enterprise Value (EV) | $9,072,232,800 (18.91%) | $7,629,343,698 (26.35%) | $6,038,351,779 (42.74%) | $4,230,448,097 (3.52%) |
Earnings Before Tax (EBT) | $500,967,000 (0.57%) | $498,130,000 (10.74%) | $449,811,000 (36.39%) | $329,790,000 (86.26%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $579,661,000 (1.51%) | $571,028,000 (8.22%) | $527,672,000 (28.66%) | $410,130,000 (55.93%) |
Invested Capital | $1,785,302,000 (3.66%) | $1,722,262,000 (3.31%) | $1,667,081,000 (1.40%) | $1,644,016,000 (4.38%) |
Working Capital | $1,221,322,000 (-3.74%) | $1,268,801,000 (14.67%) | $1,106,463,000 (28.67%) | $859,902,000 (11.84%) |
Tangible Asset Value | $2,127,570,000 (1.96%) | $2,086,645,000 (8.15%) | $1,929,365,000 (17.73%) | $1,638,793,000 (14.43%) |
Market Capitalization | $8,852,774,800 (18.21%) | $7,488,907,698 (33.77%) | $5,598,276,779 (51.42%) | $3,697,169,097 (4.48%) |
Average Equity | $1,804,397,500 (11.01%) | $1,625,487,250 (21.39%) | $1,339,103,250 (26.15%) | $1,061,502,000 (16.86%) |
Average Assets | $3,084,764,750 (8.81%) | $2,835,032,250 (9.58%) | $2,587,262,000 (10.51%) | $2,341,262,000 (3.28%) |
Invested Capital Average | $1,788,744,750 (4.26%) | $1,715,576,000 (-0.19%) | $1,718,895,000 (7.29%) | $1,602,034,750 (3.15%) |
Shares | 38,084,641 (-1.34%) | 38,602,617 (-0.13%) | 38,654,124 (0.55%) | 38,444,100 (-1.07%) |
