Applied Industrial Technologies (AIT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 498,529 | 502,787 | 494,591 | 488,315 | 495,823 | 483,295 | 489,000 | 487,299 | 473,151 | 455,560 | 424,492 | 389,776 | 357,858 | 329,735 | 308,359 | 227,760 | 205,454 | 171,381 | 18,964 | 80,131 |
| 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 |
| Operating profit margin | 10.92% | 11.17% | 11.04% | 10.89% | 11.07% | 10.80% | 10.96% | 10.96% | 10.72% | 10.55% | 10.19% | 9.79% | 9.39% | 9.05% | 8.80% | 6.74% | 6.35% | 5.59% | 0.62% | 2.55% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $498,529K ÷ $4,563,420K
= 10.92%
The data indicates that Applied Industrial Technologies' operating profit margin has experienced a notable upward trajectory over the analyzed period. Starting at approximately 2.55% as of September 30, 2020, the margin exhibited a significant decline reaching its lowest point at 0.62% by December 31, 2020. However, from the first quarter of 2021 onward, a consistent and steady improvement is evident.
Throughout 2021, the operating profit margin increased markedly, reaching 8.80% by the end of that year, with subsequent quarters reflecting progressive growth. Specifically, it rose from approximately 5.59% in the first quarter of 2021 to nearly 10.55% in the first quarter of 2023, culminating in 10.96% as of the end of 2023. This sustained increase suggests a period of enhanced operational efficiency and improved profitability.
In 2024, the margin maintained relative stability, fluctuating slightly around 10.80% to 11.07% through the first three quarters, with a minor decline to 10.89% as of September 30, 2024, before gradually increasing again. The data for 2025 projects a continued slight upward trend, reaching 11.17% in the first quarter before declining to approximately 10.92% in the second quarter.
Overall, the analysis reveals a significant recovery and growth in Applied Industrial Technologies’ operating profit margin following the initial dip in late 2020. The trend indicates enhanced operational leverage and effective cost management strategies, contributing to a healthy and improving profitability profile over the analyzed period.