Applied Industrial Technologies (AIT) - Net Assets
Based on the latest financial reports, Applied Industrial Technologies (AIT) has net assets worth $1.86 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.99 Billion) and total liabilities ($1.13 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Applied Industrial Technologies to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.86 Billion |
| % of Total Assets | 62.24% |
| Annual Growth Rate | 6.96% |
| 5-Year Change | 97.79% |
| 10-Year Change | 180.36% |
| Growth Volatility | 9.77 |
Applied Industrial Technologies - Net Assets Trend (1986–2025)
This chart illustrates how Applied Industrial Technologies's net assets have evolved over time, based on quarterly financial data. See AIT days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Applied Industrial Technologies (1986–2025)
The table below shows the annual net assets of Applied Industrial Technologies from 1986 to 2025. For live valuation and market cap data, see Applied Industrial Technologies (AIT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $1.84 Billion | +9.22% |
| 2024-06-30 | $1.69 Billion | +15.79% |
| 2023-06-30 | $1.46 Billion | +26.89% |
| 2022-06-30 | $1.15 Billion | +23.25% |
| 2021-06-30 | $932.55 Million | +10.55% |
| 2020-06-30 | $843.54 Million | -5.96% |
| 2019-06-30 | $897.03 Million | +10.07% |
| 2018-06-30 | $814.96 Million | +9.35% |
| 2017-06-30 | $745.26 Million | +13.28% |
| 2016-06-30 | $657.92 Million | -11.25% |
| 2015-06-30 | $741.33 Million | -7.37% |
| 2014-06-30 | $800.31 Million | +5.36% |
| 2013-06-30 | $759.62 Million | +13.02% |
| 2012-06-30 | $672.13 Million | +6.09% |
| 2011-06-30 | $633.56 Million | +14.15% |
| 2010-06-30 | $555.04 Million | +9.24% |
| 2009-06-30 | $508.10 Million | +1.20% |
| 2008-06-30 | $502.07 Million | +11.33% |
| 2007-06-30 | $450.98 Million | +8.72% |
| 2006-06-30 | $414.82 Million | +5.48% |
| 2005-06-30 | $393.29 Million | +15.83% |
| 2004-06-30 | $339.54 Million | +10.29% |
| 2003-06-30 | $307.86 Million | +3.26% |
| 2002-06-30 | $298.15 Million | -4.29% |
| 2001-06-30 | $311.52 Million | +4.07% |
| 2000-06-30 | $299.33 Million | +1.95% |
| 1999-06-30 | $293.60 Million | -0.31% |
| 1998-06-30 | $294.50 Million | +41.86% |
| 1997-06-30 | $207.60 Million | +9.67% |
| 1996-06-30 | $189.30 Million | +14.45% |
| 1995-06-30 | $165.40 Million | +9.90% |
| 1994-06-30 | $150.50 Million | +11.56% |
| 1993-06-30 | $134.90 Million | +4.74% |
| 1992-06-30 | $128.80 Million | -4.02% |
| 1991-06-30 | $134.20 Million | -0.81% |
| 1990-06-30 | $135.30 Million | +0.37% |
| 1989-06-30 | $134.80 Million | +4.58% |
| 1988-06-30 | $128.90 Million | +2.79% |
| 1987-06-30 | $125.40 Million | -6.35% |
| 1986-06-30 | $133.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applied Industrial Technologies's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1888.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.45 Billion | 132.71% |
| Common Stock | $10.00 Million | 0.54% |
| Other Comprehensive Income | $-91.69 Million | -4.97% |
| Total Equity | $1.84 Billion | 100.00% |
Applied Industrial Technologies Competitors by Market Cap
The table below lists competitors of Applied Industrial Technologies ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
$11.93 Billion |
|
James Hardie Industries PLC ADR
NYSE:JHX
|
$11.95 Billion |
|
KERRY GRP PLC ADR/1EO-12
F:KRZA
|
$11.95 Billion |
|
Guangdong Fenghua Advanced Technology Holding Co Ltd
SHE:000636
|
$11.95 Billion |
|
Shanghai Rural Commercial Bank Co Ltd
SHG:601825
|
$11.93 Billion |
|
Corebridge Financial Inc.
NYSE:CRBG
|
$11.92 Billion |
|
Madrigal Pharmaceuticals Inc
NASDAQ:MDGL
|
$11.90 Billion |
|
New York Times Company
NYSE:NYT
|
$11.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applied Industrial Technologies's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,688,781,000 to 1,844,520,000, a change of 155,739,000 (9.2%).
- Net income of 392,988,000 contributed positively to equity growth.
- Dividend payments of 63,702,000 reduced retained earnings.
- Share repurchases of 152,837,000 reduced equity.
- Other comprehensive income decreased equity by 14,120,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $392.99 Million | +21.31% |
| Dividends Paid | $63.70 Million | -3.45% |
| Share Repurchases | $152.84 Million | -8.29% |
| Other Comprehensive Income | $-14.12 Million | -0.77% |
| Other Changes | $-6.59 Million | -0.36% |
| Total Change | $- | 9.22% |
Book Value vs Market Value Analysis
This analysis compares Applied Industrial Technologies's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 110.43x to 6.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | $2.94 | $324.38 | x |
| 1987-06-30 | $2.98 | $324.38 | x |
| 1988-06-30 | $3.30 | $324.38 | x |
| 1989-06-30 | $3.61 | $324.38 | x |
| 1990-06-30 | $3.76 | $324.38 | x |
| 1991-06-30 | $3.76 | $324.38 | x |
| 1992-06-30 | $3.59 | $324.38 | x |
| 1993-06-30 | $3.65 | $324.38 | x |
| 1994-06-30 | $3.95 | $324.38 | x |
| 1995-06-30 | $4.25 | $324.38 | x |
| 1996-06-30 | $4.57 | $324.38 | x |
| 1997-06-30 | $4.97 | $324.38 | x |
| 1998-06-30 | $6.00 | $324.38 | x |
| 1999-06-30 | $6.09 | $324.38 | x |
| 2000-06-30 | $6.43 | $324.38 | x |
| 2001-06-30 | $6.96 | $324.38 | x |
| 2002-06-30 | $6.49 | $324.38 | x |
| 2003-06-30 | $7.11 | $324.38 | x |
| 2004-06-30 | $7.71 | $324.38 | x |
| 2005-06-30 | $8.56 | $324.38 | x |
| 2006-06-30 | $9.01 | $324.38 | x |
| 2007-06-30 | $10.12 | $324.38 | x |
| 2008-06-30 | $11.53 | $324.38 | x |
| 2009-06-30 | $11.87 | $324.38 | x |
| 2010-06-30 | $12.93 | $324.38 | x |
| 2011-06-30 | $14.65 | $324.38 | x |
| 2012-06-30 | $15.70 | $324.38 | x |
| 2013-06-30 | $17.86 | $324.38 | x |
| 2014-06-30 | $18.91 | $324.38 | x |
| 2015-06-30 | $18.00 | $324.38 | x |
| 2016-06-30 | $16.67 | $324.38 | x |
| 2017-06-30 | $18.91 | $324.38 | x |
| 2018-06-30 | $20.75 | $324.38 | x |
| 2019-06-30 | $22.91 | $324.38 | x |
| 2020-06-30 | $21.63 | $324.38 | x |
| 2021-06-30 | $23.73 | $324.38 | x |
| 2022-06-30 | $29.39 | $324.38 | x |
| 2023-06-30 | $37.19 | $324.38 | x |
| 2024-06-30 | $43.02 | $324.38 | x |
| 2025-06-30 | $47.52 | $324.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applied Industrial Technologies utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.61%
- • Asset Turnover: 1.44x
- • Equity Multiplier: 1.72x
- Recent ROE (21.31%) is above the historical average (11.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 1.64% | 0.45% | 2.11x | 1.73x | $-11.19 Million |
| 1987 | 4.94% | 1.26% | 2.20x | 1.78x | $-6.34 Million |
| 1988 | 11.56% | 2.74% | 2.43x | 1.73x | $2.01 Million |
| 1989 | 13.58% | 2.90% | 2.51x | 1.86x | $4.82 Million |
| 1990 | 9.02% | 1.87% | 1.71x | 2.81x | $-1.33 Million |
| 1991 | 3.20% | 0.53% | 2.48x | 2.44x | $-9.12 Million |
| 1992 | -1.32% | -0.21% | 2.47x | 2.57x | $-14.58 Million |
| 1993 | 6.60% | 1.07% | 2.63x | 2.34x | $-4.59 Million |
| 1994 | 8.44% | 1.36% | 2.73x | 2.28x | $-2.35 Million |
| 1995 | 10.22% | 1.60% | 2.94x | 2.17x | $360.00K |
| 1996 | 12.31% | 2.04% | 2.83x | 2.13x | $4.37 Million |
| 1997 | 13.05% | 2.34% | 2.94x | 1.90x | $6.34 Million |
| 1998 | 10.22% | 2.02% | 2.46x | 2.06x | $650.00K |
| 1999 | 6.78% | 1.28% | 2.71x | 1.96x | $-9.46 Million |
| 2000 | 10.37% | 1.94% | 2.69x | 1.99x | $1.11 Million |
| 2001 | 9.00% | 1.73% | 2.81x | 1.86x | $-3.10 Million |
| 2002 | 0.89% | 0.18% | 2.71x | 1.79x | $-27.16 Million |
| 2003 | 6.44% | 1.35% | 2.65x | 1.80x | $-10.95 Million |
| 2004 | 9.27% | 2.07% | 2.54x | 1.76x | $-2.48 Million |
| 2005 | 14.07% | 3.22% | 2.49x | 1.75x | $16.01 Million |
| 2006 | 17.43% | 3.80% | 2.60x | 1.76x | $30.82 Million |
| 2007 | 19.07% | 4.27% | 2.59x | 1.72x | $40.92 Million |
| 2008 | 19.01% | 4.57% | 2.62x | 1.59x | $45.25 Million |
| 2009 | 8.32% | 2.20% | 2.38x | 1.59x | $-8.55 Million |
| 2010 | 11.87% | 3.48% | 2.12x | 1.61x | $10.40 Million |
| 2011 | 15.27% | 4.37% | 2.42x | 1.44x | $33.40 Million |
| 2012 | 16.18% | 4.58% | 2.47x | 1.43x | $41.57 Million |
| 2013 | 15.55% | 4.80% | 2.33x | 1.39x | $42.19 Million |
| 2014 | 14.10% | 4.59% | 1.84x | 1.67x | $32.79 Million |
| 2015 | 15.58% | 4.20% | 1.92x | 1.94x | $41.35 Million |
| 2016 | 4.50% | 1.17% | 1.92x | 1.99x | $-36.21 Million |
| 2017 | 17.97% | 5.16% | 1.87x | 1.86x | $59.38 Million |
| 2018 | 17.38% | 4.61% | 1.34x | 2.80x | $60.13 Million |
| 2019 | 16.05% | 4.15% | 1.49x | 2.60x | $54.29 Million |
| 2020 | 2.85% | 0.74% | 1.42x | 2.71x | $-60.31 Million |
| 2021 | 15.52% | 4.47% | 1.42x | 2.44x | $51.50 Million |
| 2022 | 22.40% | 6.76% | 1.55x | 2.13x | $142.48 Million |
| 2023 | 23.77% | 7.86% | 1.61x | 1.88x | $200.90 Million |
| 2024 | 22.84% | 8.61% | 1.52x | 1.75x | $216.88 Million |
| 2025 | 21.31% | 8.61% | 1.44x | 1.72x | $208.54 Million |
Industry Comparison
This section compares Applied Industrial Technologies's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $950,319,879
- Average return on equity (ROE) among peers: 32.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applied Industrial Technologies (AIT) | $1.86 Billion | 1.64% | 0.61x | $11.93 Billion |
| Beacon Roofing Supply Inc (BECN) | $2.30 Billion | 19.90% | 1.61x | $7.72 Billion |
| BlueLinx Holdings Inc (BXC) | $35.00 Million | 179.97% | 13.12x | $429.04 Million |
| Core & Main Inc (CNM) | $2.41 Billion | 15.19% | 1.04x | $8.99 Billion |
| Now Inc (DNOW) | $1.19 Billion | -4.39% | 0.48x | $2.46 Billion |
| Distribution Solutions Group Inc (DSGR) | $661.60 Million | -1.36% | 1.34x | $1.27 Billion |
| DXP Enterprises Inc (DXPE) | $10.08 Million | 20.53% | 3.80x | $2.23 Billion |
| EVI Industries Inc (EVI) | $2.60 Million | 11.54% | 0.96x | $221.18 Million |
| Fastenal Company (FAST) | $922.09 Million | 21.59% | 0.13x | $52.87 Billion |
| Ferguson Plc (FERG) | $1.02 Billion | 25.61% | 1.94x | $44.22 Billion |
About Applied Industrial Technologies
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, spe… Read more