Applied Industrial Technologies (AIT) Cost of Revenue (2009 - 2026)
Applied Industrial Technologies (AIT) reported Cost of Revenue of $898.96 million for fiscal Q1 2027 (quarter ended Sep 30, 2026), up 7.3% from $838.09 million a year earlier but down 4.5% from the prior quarter.
Applied Industrial Technologies (AIT) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Applied Industrial Technologies' Cost of Revenue came in at $3.52 billion, up 8.5% year-over-year; for FY2026 (ended Jun 30, 2026), it came in at $3.46 billion, up 8.8% from FY2025.
- Cost of Revenue has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 8.5% (FY2021 to FY2026).
- By fiscal year, Cost of Revenue came in at $3.18 billion in FY2025 (+1.2%), $3.14 billion in FY2024 (+0.5%), $3.13 billion in FY2023 (+15.6%) and $2.7 billion in FY2022 (+17.5%).
- Five-year quarterly Cost of Revenue spans a low of $619.25 million in fiscal Q2 2022 and a high of $941.47 million in fiscal Q4 2026.
- Year over year, Cost of Revenue has now increased in each of the last seven quarters, with growth averaging 5.8% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q2 2023 (growth of 21.4%); the low point was fiscal Q2 2025 (a decline of 2.0%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $941.47 million (Q4 2026), $870.65 million (Q3 2026) and $809.69 million (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 67.67 Bn | 65.03 Bn | 2.01 Bn | 3.17 Bn |
| 2 | United Rentals | 65.48 Bn | 64.60 Bn | 2.05 Bn | 2.85 Bn |
| 3 | Fastenal | 60.80 Bn | 59.80 Bn | 1.10 Bn | 1.36 Bn |
| 4 | Ferguson Enterprises | 45.51 Bn | 42.73 Bn | 2.32 Bn | 5.15 Bn |
| 5 | Sunbelt Rentals Holdings | 31.50 Bn | 31.38 Bn | 1.25 Bn | 1.87 Bn |
| 6 | Reliance | 21.26 Bn | 20.31 Bn | 1.45 Bn | 3.76 Bn |
| 7 | Wesco International | 14.25 Bn | 11.29 Bn | 1.57 Bn | 5.66 Bn |
| 8 | Watsco | 11.59 Bn | 9.28 Bn | 578.93 Mn | 1.53 Bn |
| 9 | Avantor | 10.49 Bn | 9.07 Bn | 534.80 Mn | 1.16 Bn |
| 10 | Applied Industrial Technologies | 10.39 Bn | 10.28 Bn | 392.21 Mn | 898.96 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 898.96 Mn |
| Jun 30, 2026 | 941.47 Mn |
| Mar 31, 2026 | 870.65 Mn |
| Dec 31, 2025 | 809.69 Mn |
| Sep 30, 2025 | 838.09 Mn |
| Jun 30, 2025 | 849.99 Mn |
| Mar 31, 2025 | 811.46 Mn |
| Dec 31, 2024 | 744.95 Mn |
| Sep 30, 2024 | 773.86 Mn |
| Jun 30, 2024 | 804.44 Mn |
| Mar 31, 2024 | 808.14 Mn |
| Dec 31, 2023 | 760.06 Mn |
| Sep 30, 2023 | 770.11 Mn |
| Jun 30, 2023 | 819.52 Mn |
| Mar 31, 2023 | 798.92 Mn |
| Dec 31, 2022 | 751.78 Mn |
| Sep 30, 2022 | 755.62 Mn |
| Jun 30, 2022 | 754.83 Mn |
| Mar 31, 2022 | 693.34 Mn |
| Dec 31, 2021 | 619.25 Mn |
Applied Industrial Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AIT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "AIT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AIT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();