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Applied Industrial Technologies AIT Contract Liabilities

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Other financials

Income statement

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Revenue$1.3B+7.3%
Gross profit$380.8M+7.2%
Operating income$137.9M+6.6%
Net income$99.8M0.0%
EPS (diluted)$2.65+3.1%

Balance sheet

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Cash & equivalents$171.6M-51.4%
Total debt$365.3M-36.2%
Total equity$1.9B+1.8%
Total assets$3.0B-4.1%

Cash flow

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Operating cash flow$100.1M-18.2%
CapEx$4.7M-37.3%
Free cash flow$95.4M-17.0%

Valuation

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Market cap$13.24B+31.2%
Enterprise value$13.43B+28.2%
P/E32.8×+7.1×
P/S2.7×+0.5×

Profitability

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Gross margin30.4%+0.1pp
Operating margin10.9%-0.3pp
Net margin8.3%-0.3pp
FCF margin9.1%-0.7pp

Returns & leverage

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Return on equity21.9%-0.3pp
Debt / equity0.2×-0.1×
Current ratio2.9×-0.6×

Where this comes from

Reported directly by Applied Industrial Technologies in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Applied Industrial Technologies’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 4:04 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000109563-26-000021
Line itemMarch 31, 2026June 30, 2025$ Change% Change
Contract assets$19,343$11,659$7,68465.9%
Contract liabilities33,57529,2444,33114.8%

Item 1. Financial Statements

FAQ

What is Applied Industrial Technologies's contract liabilities?
Applied Industrial Technologies (AIT) reported contract liabilities of $33.58M in Q1 2026.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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