Explain this page
Arphra AIPlain-English read on Applied Industrial Technologies, Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $3.24B | $3.81B | $4.41B | $4.48B | $4.56B | $4.91B | $5.18B | $5.44B | $5.67B |
| Cost of revenue | $2.3B | $2.7B | $3.13B | $3.14B | $3.18B | $3.46B | $3.73B | $3.84B | $4.07B |
| Gross profit | $935.52M | $1.11B | $1.29B | $1.34B | $1.38B | $1.49B | $1.51B | $1.61B | $1.67B |
| Gross margin | +28.91% | +29.05% | +29.16% | +29.84% | +30.31% | +30.27% | +29.19% | +29.67% | +29.41% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $680.83M | $749.67M | $813.81M | $840.83M | $884.63M | $906.52M | $956.28M | $1.04B | $1.08B |
| Total operating expenses | $730.07M | $749.06M | $813.81M | $840.83M | $884.63M | $943.81M | $969.05M | $999.57M | $1.08B |
| Operating income | $205.45M | $357.86M | $473.15M | $495.82M | $498.53M | $521.51M | $575M | $590.47M | $628.09M |
| Operating margin | +6.35% | +9.39% | +10.72% | +11.07% | +10.92% | +10.63% | +11.10% | +10.85% | +11.07% |
| EBITDA | $263.01M | $410.13M | $527.67M | $571.03M | $579.66M | $606.13M | $643.42M | $696.12M | $716.42M |
| EBIT | $207.87M | $356.58M | $474.6M | $518.67M | $519.18M | $550.4M | $586.94M | $625M | $642.16M |
| Below the line | |||||||||
| Interest expense | $30.81M | $26.79M | $24.79M | $20.54M | $34.34M | $28.55M | $30.94M | $31.27M | $32.99M |
| Interest income | $215K | $522K | $3.15M | $17.71M | $17.6M | $13.91M | $14.69M | $15.27M | $15.96M |
| Other income / expense | -$28.39M | -$28.07M | -$23.34M | $2.31M | $2.44M | — | — | — | — |
| Pre-tax income | $177.06M | $329.79M | $449.81M | $498.13M | $500.97M | $525.35M | $544.56M | $578.21M | $601.66M |
| Income tax expense | $32.31M | $72.38M | $103.07M | $112.37M | $107.98M | $116.94M | $123.23M | $129.6M | $136.1M |
| Earnings | |||||||||
| Net income | $144.76M | $257.41M | $346.74M | $385.76M | $392.99M | $414.77M | $438.55M | $466.17M | $471.26M |
| Net income · continuing ops | $144.76M | $257.41M | $346.74M | $385.76M | $392.99M | $411.96M | $445.36M | $452.15M | $486.31M |
| Net margin | +4.47% | +6.76% | +7.86% | +8.61% | +8.61% | +8.45% | +8.47% | +8.57% | +8.31% |
| EPS · basic | $3.73 | $6.69 | $8.98 | $9.98 | $10.26 | $10.91 | $12.13 | $12.92 | $13.99 |
| EPS · diluted | $3.68 | $6.58 | $8.84 | $9.83 | $10.12 | $10.70 | $11.79 | $12.84 | $13.88 |
| EPS · low estimate | — | — | — | — | — | $10.68 | $11.65 | $12.81 | $13.81 |
| EPS · high estimate | — | — | — | — | — | $10.71 | $11.88 | $12.88 | $13.93 |
| Shares · basic | 38.76M | 38.47M | 38.59M | 38.67M | 38.29M | 38.28M | 38.4M | 38.42M | 38.55M |
| Shares · diluted | 39.3M | 39.11M | 39.22M | 39.26M | 38.82M | 38.54M | 38.5M | 38.61M | 38.57M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 6 | 6 | 3 | 1 |
| Analysts (EPS) | — | — | — | — | — | 6 | 6 | 2 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro