AIT
Applied Industrial Technologies, Inc.
AIT's fundamentals are mixed: revenue grew 8.5%, but free cash flow fell 7.3%. At 27x earnings, it's trading above its usual 23x. Analysts expect earnings growth.
AIT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
AIT's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
AIT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $194 | -35% |
| Fair | 23x | $258 | -14% |
| Forward | 24x | $300 | — |
| Current | 27x | $300 | — |
| Expensive | 30x | $344 | +15% |
Historical ranges are pointers, not guarantees.
AIT's PE is in its expensive range at 27x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its fair range.
AIT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AIT, with profitability holding steady.
AIT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.34 | +9.3% |
| Q3 2026 | $11.29 | +8.7% |
| Q2 2026 | $10.95 | +8.2% |
| Q1 2026 | $10.59 | +6.3% |
| Q4 2025 | $10.51 | +6.5% |
| Q3 2025 | $10.39 | +6% |
| Q2 2025 | $10.12 | +3% |
| Q1 2025 | $9.96 | +4.4% |
| Q4 2024 | $9.87 | +3.6% |
AIT's earnings per share have climbed steadily: $11.29 over the past year, up 8.7% from the year before, and higher year over year for 23 quarters in a row.
AIT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +7.6% |
| Q2 2026 | $1.4B | +10% |
| Q1 2026 | $1.3B | +7.3% |
| Q4 2025 | $1.2B | +8.4% |
| Q3 2025 | $1.2B | +9.2% |
| Q2 2025 | $1.2B | +5.5% |
| Q1 2025 | $1.2B | +1.8% |
| Q4 2024 | $1.1B | -0.4% |
AIT's revenue has grown year over year for seven quarters in a row: $1.3B last quarter, up 7.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.4 points |
| Q2 2026 | 12% | +0.8 points |
| Q1 2026 | 11% | -0.1 points |
| Q4 2025 | 11% | -0.7 points |
| Q3 2025 | 11% | +0.5 points |
| Q2 2025 | 11% | -1 points |
| Q1 2025 | 11% | +0.5 points |
| Q4 2024 | 11% | +0.6 points |
AIT's operating margin was 11% last quarter, about level with the same quarter a year ago.
AIT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $73.4M | -35% |
| Q2 2026 | $159.7M | +16% |
| Q1 2026 | $95.4M | -17% |
| Q4 2025 | $93.4M | +3.8% |
| Q3 2025 | $112M | -8.3% |
| Q2 2025 | $138.2M | +24% |
| Q1 2025 | $114.9M | +50% |
| Q4 2024 | $89.9M | -6.5% |
AIT's free cash flow has been positive every quarter for seven years: $422M over the past year, down 7.3% from the year before.
AIT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -677K shares |
| 1 year | -2.9% | -1.1M shares |
| 3 years | -5.4% | -2.1M shares |
| 5 years | -4.9% | -1.9M shares |
| Available history | -4.8% | -1.9M shares |
AIT has 37M diluted shares, down 2.9% from a year ago, with $344M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $80M |
| Q2 2026 | $80.8M |
| Q1 2026 | $93M |
| Q4 2025 | $90.2M |
| Q3 2025 | $53.2M |
| Q2 2025 | $73M |
| Q1 2025 | $49.7M |
| Q4 2024 | $20.1M |
AIT spent $344M buying back its own shares over the past year, up 76% from the year before.
AIT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.5x | Very low |
AIT's net debt is less than a year of its operating earnings (EBITDA).
AIT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.4 | Neutral |
| Stochastic | 9.2 | Oversold |
AIT's weekly RSI is 43 (neutral) and its Stochastic is 9 (oversold).
AIT PE vs Industrials Sector
| Metric | AIT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 24x | 11% above |
| PE % | 71 | 58 | 13 pts above |
AIT is trading at 27x earnings, a 11% premium to the Industrials sector's median of 24x.
AIT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $317.1 | 5.5% below |
| 20 week MA | $329.2 | 8.9% below |
| 50 week MA | $302.8 | 1% below |
| 100 week MA | $274.5 | 9.2% above |
| 200 week MA | $225.3 | 33% above |
AIT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 33% above its 200-week average.
AIT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $66.6 | $78.1 | +17% |
| 2021 | $78.1 | $101.6 | +30% |
| 2022 | $101.6 | $126.3 | +24% |
| 2023 | $126.3 | $172.7 | +37% |
| 2024 | $172.7 | $241.6 | +40% |
| 2025 | $241.6 | $264.8 | +9.6% |
| 2026 YTD | $264.8 | $299.8 | +13% |
AIT has finished every year since 2020 higher, and it's up 13% so far in 2026.