Applied Industrial Technologies
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Applied Industrial Technologies (AIT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Service Center Segment [Member] | – | – | – | $2.97B 67.2% | $3.06B 68.2% · +3.0% | $3.01B 66.1% · -1.4% |
| Engineered Solutions Segment | – | $1.04B 32.0% | $1.25B 32.7% · +20.1% | $1.45B 32.8% · +16.1% | $1.42B 31.8% · -1.6% | $1.55B 33.9% · +8.9% |
| Service Center Based Distribution Segment [Member] | $2.24B 69.1% | $2.20B 68.0% · -1.9% | $2.57B 67.3% · +16.6% | – | – | – |
| Fluid Power & Flow Control Segment [Member] | $1.00B 30.9% | – | – | – | – | – |
| Reportable Segments | – | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Service Center Segment [Member] | – | – | – | $370.6M 12.5% | $397.0M 13.0% | $393.5M 13.1% |
| Engineered Solutions Segment | – | $121.8M 11.8% | $156.6M 12.6% | $175.5M 12.1% | $181.1M 12.7% | $188.7M 12.2% |
| Service Center Based Distribution Segment [Member] | $211.7M 9.4% | $225.2M 10.2% | $301.9M 11.8% | – | – | – |
| Fluid Power & Flow Control Segment [Member] | $109.8M 10.9% | – | – | – | – | – |
| Reportable Segments | $321.5M | $347.0M | $458.5M | $546.0M | $578.1M | $582.2M |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| UNITED STATES | $2.82B 86.9% | $2.78B 86.0% · -1.3% | $3.30B 86.6% · +18.6% | $3.86B 87.5% · +17.0% | $3.93B 87.8% · +1.9% | $4.00B 87.7% · +1.7% |
| CANADA | $248.6M 7.7% | $255.4M 7.9% · +2.7% | $291.5M 7.7% · +14.2% | $315.5M 7.1% · +8.2% | $310.2M 6.9% · -1.7% | $296.7M 6.5% · -4.4% |
| Other Countries [Member] | $177.6M 5.5% | $197.7M 6.1% · +11.3% | $219.4M 5.8% · +11.0% | $236.9M 5.4% · +8.0% | $237.0M 5.3% · +0.1% | $265.8M 5.8% · +12.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.