Applied Industrial Technologies (AIT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 500,967 | 506,858 | 502,241 | 495,281 | 498,130 | 479,732 | 479,347 | 469,696 | 449,811 | 427,967 | 395,209 | 361,298 | 329,790 | 302,979 | 281,973 | 199,766 | 177,062 | 143,259 | -10,584 | 48,961 |
| 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 |
| Pretax margin | 10.98% | 11.27% | 11.21% | 11.05% | 11.12% | 10.72% | 10.74% | 10.57% | 10.19% | 9.92% | 9.49% | 9.07% | 8.65% | 8.31% | 8.04% | 5.91% | 5.47% | 4.67% | -0.35% | 1.56% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $500,967K ÷ $4,563,420K
= 10.98%
The pretax margin for Applied Industrial Technologies demonstrates a notable upward trend over the analyzed period. Beginning at 1.56% on September 30, 2020, the margin experienced a decline into negative territory at -0.35% by December 31, 2020. Subsequently, the pretax margin recovered and exhibited consistent improvement, reaching 4.67% by March 31, 2021, and further ascending to 5.91% by September 30, 2021.
This positive trajectory continued into 2022, with the margin expanding from 8.04% at the end of 2021 to 8.31% by March 2022, and then accelerating to 8.65% by June 2022. The upward momentum persisted through the second half of 2022, with the pretax margin increasing to 9.07% by September 2022 and further to 9.49% by December 2022.
Throughout 2023, the pretax margin maintained an upward trend, reaching 9.92% in March, 10.19% in June, and 10.57% in September. It remained relatively stable into the end of the year, reaching 10.74% in December. Into 2024, the margin extended its growth, peaking at 11.12% in June before slightly decreasing to 11.05% in September and 11.21% in December.
Early in 2025, the pretax margin was reported at 11.27% in March, with a slight decrease to 10.98% by June. Overall, the data indicates that Applied Industrial Technologies has successfully expanded its pretax profitability margin over the analyzed period, reflecting operational improvements and effective cost management, though there was a brief period of margin contraction at the start of the observed timeline.