Applied Industrial Technologies, Inc.

AIT

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

6/30/2025

Revenue

4,563

Cost of Revenue

3,180

Gross Profit

1,383

Gross Margin

30.3%

Operating Income

499

Operating Margin

10.9%

Net Income

393

Net Margin

8.6%

EPS (Basic)

$10.26

EPS (Diluted)

$10.12

EBITDA

580

EBITDA Margin

12.7%

2024

6/30/2024

Revenue

4,479

Cost of Revenue

3,143

Gross Profit

1,337

Gross Margin

29.8%

Operating Income

496

Operating Margin

11.1%

Net Income

386

Net Margin

8.6%

EPS (Basic)

$9.98

EPS (Diluted)

$9.83

EBITDA

571

EBITDA Margin

12.7%

2023

6/30/2023

Revenue

4,413

Cost of Revenue

3,126

Gross Profit

1,287

Gross Margin

29.2%

Operating Income

473

Operating Margin

10.7%

Net Income

347

Net Margin

7.9%

EPS (Basic)

$8.98

EPS (Diluted)

$8.84

EBITDA

528

EBITDA Margin

12.0%

2022

6/30/2022

Revenue

3,811

Cost of Revenue

2,704

Gross Profit

1,107

Gross Margin

29.0%

Operating Income

358

Operating Margin

9.4%

Net Income

257

Net Margin

6.8%

EPS (Basic)

$6.69

EPS (Diluted)

$6.58

EBITDA

410

EBITDA Margin

10.8%

2021

6/30/2021

Revenue

3,236

Cost of Revenue

2,300

Gross Profit

936

Gross Margin

28.9%

Operating Income

205

Operating Margin

6.3%

Net Income

145

Net Margin

4.5%

EPS (Basic)

$3.73

EPS (Diluted)

$3.68

EBITDA

263

EBITDA Margin

8.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	4,563	4,479	4,413	3,811	3,236
Cost of Revenue	3,180	3,143	3,126	2,704	2,300
Gross Profit	1,383	1,337	1,287	1,107	936
Gross Margin	30.3%	29.8%	29.2%	29.0%	28.9%
Operating Income	499	496	473	358	205
Operating Margin	10.9%	11.1%	10.7%	9.4%	6.3%
Net Income	393	386	347	257	145
Net Margin	8.6%	8.6%	7.9%	6.8%	4.5%
EPS (Basic)	$10.26	$9.98	$8.98	$6.69	$3.73
EPS (Diluted)	$10.12	$9.83	$8.84	$6.58	$3.68
EBITDA	580	571	528	410	263
EBITDA Margin	12.7%	12.7%	12.0%	10.8%	8.1%