Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Applied Industrial Technologies Inc.AIT · shops | |
|---|---|
| Grade |  Astrongest fifth of 258 graded peers; percentile 6.6, sampling error 2.9 points; lower is stronger |
| Rank | 18 of 258 |
| Profitability | Cpercentile 43.9 |
| Solvency | Apercentile 9.9 |
| Growth and financing | Cpercentile 46.6 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $3.0B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, fortress balance sheet |
| Inputs computable | 11 of 14 |
| Graded from | filings received through Aug 13, 202657 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $332.402026-10-08; market equity $12.2B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Aug 13, 2026; the document on sec.gov.
In this Annual Report on Form 10-K for the year ended June 30, 2026 (this "Annual Report"), “Applied” refers to Applied Industrial Technologies, Inc., an Ohio corporation. References to “we,” “us,” “our,” and “the Company” refer to Applied and its subsidiaries. Headquartered in Cleveland, Ohio, Applied and its predecessor companies have engaged in business since 1923. Applied operates on a fiscal year ending June 30. We are a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies and related maintenance supplies.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 43.9 | |||||||
| Gross profitability | 50.1% | [1,3] | 42.6% | 37.3 | 242 | 2026-06-30 | |
| Return on invested capital | not computable | 10.9% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (2.2%) | [1,4-6] | (4.9%) | 78.0 | 287 | 2026-06-30 | |
| Gross margin stability, five years | 0.5 pts | [2-3,7-14] | 1.2 pts | 16.5 | 219 | 2026-06-30 | |
| Solvency, sleeve percentile 9.9 | |||||||
| Twelve-month failure probability | 0.02% | 0.04% | 5.3 | 20 | 2026-06-30 | ||
| Altman Z double-prime | 8.06 | [1,15-20] | 1.92 | 5.8 | 208 | 2026-06-30 | |
| Net debt to EBITDA | not computable | 1.84x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.26x | |||||
| latest aligned inputs end 2025-06-30; latest annual assets end 2026-06-30 | |||||||
| Current ratio | 2.58x | [15-16] | 1.37x | 18.7 | 295 | 2026-06-30 | |
| Growth and financing, sleeve percentile 46.6 | |||||||
| Revenue growth, three-year compound | 4.0% | [2,8,10,12] | 1.5% | 36.9 | 269 | 2026-06-30 | |
| Free cash flow growth, three-year compound | 13.2% | [5,21-27] | 5.6% | 35.6 | 147 | 2026-06-30 | |
| Reinvestment rate | (61.5%) | [15-16,18,21,28-32] | 7.3% | 86.8 | 152 | 2026-06-30 | |
| Asset growth, three years | 3.1% | [1,6,33-34] | 3.4% | 48.0 | 272 | 2026-06-30 | |
| Net share issuance, one year | (2.8%) | [35-36] | (0.6%) | 25.7 | 211 | 2026-07-31 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.390; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 13 | Costco Wholesale Corp. (COST) Costco Wholesale Corp. (COST) Astrongest fifth; percentile 4.7 Nasdaq · Retail-Variety Stores market equity $420.1B; last close $947.68 Warnings: fortress balance sheet; 11 of 14 inputs | 4.7 | A | fortress balance sheet |
| 14 | Tractor Supply Co. (TSCO) Tractor Supply Co. (TSCO) Astrongest fifth; percentile 5.1 Nasdaq · Retail-Building Materials, Hardware, Garden Supply market equity $17.4B; last close $33.48 Warnings: fortress balance sheet; 13 of 14 inputs | 5.1 | A | fortress balance sheet |
| 15 | Chipotle Mexican Grill Inc. (CMG) Chipotle Mexican Grill Inc. (CMG) Astrongest fifth; percentile 5.4 NYSE · Retail-Eating Places market equity $41.4B; last close $32.65 Warnings: fortress balance sheet; 11 of 14 inputs | 5.4 | A | fortress balance sheet |
| 16 | W.W. Grainger, Inc. (GWW) W.W. Grainger, Inc. (GWW) Astrongest fifth; percentile 5.8 NYSE · Wholesale-Durable Goods market equity $59.8B; last close $1,270.02 No active warnings; 11 of 14 inputs | 5.8 | A | |
| 17 | Weis Markets Inc. (WMK) Weis Markets Inc. (WMK) Astrongest fifth; percentile 6.2 NYSE · Retail-Grocery Stores market equity $1.8B; last close $73.00 Warnings: late filer; 8 of 14 inputs | 6.2 | A | late filer |
| 18 | Applied Industrial Technologies Inc. (AIT) Applied Industrial Technologies Inc. (AIT) Astrongest fifth; percentile 6.6 NYSE · Wholesale-Machinery, Equipment & Supplies market equity $12.2B; last close $332.40 No active warnings; 11 of 14 inputs | 6.6 | A | |
| 19 | Winmark Corp. (WINA) Winmark Corp. (WINA) Astrongest fifth; percentile 7.0 Nasdaq · Retail-Miscellaneous Retail market equity $1.1B; last close $296.49 No active warnings; 9 of 14 inputs | 7.0 | A | |
| 20 | Rave Restaurant Group, Inc. (RAVE) Rave Restaurant Group, Inc. (RAVE) Astrongest fifth; percentile 7.4 Nasdaq · Wholesale-Groceries & Related Products market equity $31.8M; last close $2.24 No active warnings; 9 of 14 inputs | 7.4 | A | |
| 21 | Best BUY Co. Inc. (BBY) Best BUY Co. Inc. (BBY) Astrongest fifth; percentile 7.8 NYSE · Retail-Radio, Tv & Consumer Electronics Stores market equity $18.5B; last close $88.37 Warnings: fortress balance sheet; 12 of 14 inputs | 7.8 | A | fortress balance sheet |
| 22 | Urban Outfitters Inc. (URBN) Urban Outfitters Inc. (URBN) Astrongest fifth; percentile 8.2 Nasdaq · Retail-Family Clothing Stores market equity $6.9B; last close $81.01 No active warnings; 10 of 14 inputs | 8.2 | A | |
| 23 | QXO, Inc. (QXO) QXO, Inc. (QXO) Astrongest fifth; percentile 8.8 NYSE · Wholesale-Lumber & Other Construction Materials last close $11.12 No active warnings; 8 of 14 inputs | 8.8 | A |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 7.3 | 2204 |
| sector peers, equal sleeves (the grade) | A | 6.6 | 258 |
| same exchange, equal sleeves | A | 6.3 | 984 |
| sector peers, equal inputs | A | 10.9 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 24.9% | (0.1%) | 72 | hotter than 72 of 100 peers |
| Distance from 52-week high | (8.2%) | (24.1%) | 84 | closer to its high than 84 of 100 peers |
| EBIT to enterprise value | not computable | 5.3% | required accounting or market input is missing | |
| Free cash flow yield | 3.8% | 4.2% | 46 | pricier than 54 of 100 peers |
| Book value to price | 0.15 | 0.36 | 30 | pricier than 70 of 100 peers |
| Sales to price | 0.41 | 1.75 | 12 | pricier than 88 of 100 peers |
| Composite equity issuance, five years | (9.6%) | (16.7%) | 61 | more equity-funded than 61 of 100 peers |
| Relative strength against the sector, log excess return | 0.25 | 0.02 | 72 | ahead of 72 of 100 peers |
Inputs: market equity $12.2B; EBIT $549.5M; free cash flow $460.5M; book equity $1.9B; sales $5.0B; cash $418.7M[35].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 7 of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | 13.1% | ✓ pass[4,6] |
| Operating cash flow above zero | $484.1M | ✓ pass[5] |
| Return on assets improved | (0.3 pts) | ✗ fail[4,6,33,37] |
| Operating cash flow exceeds net income | $69.6M | ✓ pass[4-5] |
| Long-term leverage fell | (10.2 pts) | ✓ pass[1,6,33,38-39] |
| Current ratio improved | (74.3 pts) | ✗ fail[15-16,31-32] |
| No new shares issued | (2.8%) | ✓ pass[35-36] |
| Gross margin improved | 0.0 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | 1.8 pts | ✓ pass[2,6,8,33] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[5,40-42] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 57 |
| 10-K received Aug 13, 2026 | |
| Median daily dollar volume | $82.2M |
| 63 sessions | |
| Days since newest grade input | 57 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $3.0B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.0B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $1.5B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $414.5M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $484.1M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $3.2B | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $1.4B | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.6B | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $1.3B | 2024-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.5B | 2024-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $1.3B | 2023-06-30 | 2025-08-15 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.4B | 2023-06-30 | 2025-08-15 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $1.1B | 2022-06-30 | 2024-09-10 | 10-K/A | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $3.8B | 2022-06-30 | 2024-09-10 | 10-K/A | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $1.6B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $612.4M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $2.8B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $549.5M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $1.9B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $1.1B | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $23.6M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $492.4M | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $27.2M | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $371.4M | 2024-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 25 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $24.9M | 2024-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 26 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $344.0M | 2023-06-30 | 2025-08-15 | 10-K | filing · viewer · series |
| 27 | capital expenditure | us-gaap:PaymentsToAcquireProductiveAssets | $26.5M | 2023-06-30 | 2025-08-15 | 10-K | filing · viewer · series |
| 28 | depreciation amortization | us-gaap:Depreciation | $25.9M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 29 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $544.3M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 30 | income tax | us-gaap:IncomeTaxExpenseBenefit | $129.7M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $1.7B | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $526.2M | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 33 | assets | us-gaap:Assets | $3.0B | 2024-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 34 | assets | us-gaap:Assets | $2.7B | 2023-06-30 | 2025-08-15 | 10-K | filing · viewer · series |
| 35 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 36,698,856 | 2026-07-31 | 2026-08-13 | 10-K | filing · viewer · series |
| 36 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 37,752,947 | 2025-08-01 | 2025-08-15 | 10-K | filing · viewer · series |
| 37 | net income | us-gaap:NetIncomeLoss | $393.0M | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 38 | long term debt | us-gaap:LongTermDebtNoncurrent | $262.3M | 2026-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 39 | long term debt | us-gaap:LongTermDebtNoncurrent | $572.3M | 2025-06-30 | 2026-08-13 | 10-K | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $319.1M | 2026-03-31 | 2026-04-28 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $219.0M | 2025-12-31 | 2026-01-27 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $119.3M | 2025-09-30 | 2025-10-28 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 6.6 is 13.4 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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