Applied Industrial Technologies (AIT)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,383,159 | 1,351,471 | 1,321,674 | 1,310,714 | 1,310,714 | 1,306,224 | 1,313,849 | 1,305,264 | 1,286,965 | 1,255,033 | 1,209,239 | 1,158,359 | 1,106,916 | 1,063,273 | 1,023,174 | 975,083 | 935,524 | 880,830 | 870,357 | 902,057 |
| Revenue (ttm) | US$ in thousands | 4,563,420 | 4,499,370 | 4,479,010 | 4,483,160 | 4,479,410 | 4,476,800 | 4,462,450 | 4,445,580 | 4,412,790 | 4,316,180 | 4,164,802 | 3,981,396 | 3,810,677 | 3,645,105 | 3,505,380 | 3,379,793 | 3,235,919 | 3,065,107 | 3,054,967 | 3,137,055 |
| Gross profit margin | 30.31% | 30.04% | 29.51% | 29.24% | 29.26% | 29.18% | 29.44% | 29.36% | 29.16% | 29.08% | 29.03% | 29.09% | 29.05% | 29.17% | 29.19% | 28.85% | 28.91% | 28.74% | 28.49% | 28.75% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,383,159K ÷ $4,563,420K
= 30.31%
The gross profit margin of Applied Industrial Technologies has exhibited a generally stable and gradually increasing trend over the analyzed period. Starting from approximately 28.75% at the end of September 2020, the margin experienced minor fluctuations but maintained a consistent upward trajectory overall. Notable periods include a slight decline to around 28.49% at the end of December 2020, followed by a steady recovery and incremental increases, reaching approximately 29.36% by the end of September 2023. This suggests a marginal improvement in the company's ability to generate gross profit from sales relative to its cost of goods sold.
The upward trend continued into the forecasted periods, with the margin estimated to reach approximately 29.51% by the end of 2024, and further increasing to an anticipated 30.04% in the first quarter of 2025. This sustained increase indicates ongoing enhancements in cost management, pricing strategies, or product mix.
Overall, the data reflects a stable and slightly improving gross profit margin over the specified timeframe, suggesting solid operational performance and effective control over direct costs relative to sales. The incremental improvement in gross profit margin may contribute positively to the company's profitability and financial stability over the near to mid-term future.