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Applied Industrial Technologies vs Distribution Solutions: revenue, profit, margins and growth compared

Applied Industrial Technologies brought in $5B of revenue in fiscal 2026, Distribution Solutions $2B in fiscal 2025. Revenue changed by +8.8% at Applied Industrial Technologies and +9.8% at Distribution Solutions on the year before, so Distribution Solutions grew faster. Applied Industrial Technologies kept 8.3% of its revenue as net profit, Distribution Solutions 0.4%. Free cash flow was $460.5M at Applied Industrial Technologies and $62.8M at Distribution Solutions.

Side by side, latest fiscal year

AITDSGR
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$5B$2B
Revenue growth+8.8%+9.8%
Net income$414.5M$8.3M
Net margin8.3%0.4%
Free cash flow$460.5M$62.8M
Free cash flow margin9.3%3.2%
Earnings per share (diluted)$10.95$0.18
Cash$127.1M$61.8M
Debt$262.3M$664.2M
Price to earnings30.4194.2
Market value$12.2B$1.6B
Dividend yield0.60%n/a
Rank by revenue in sector#203 of 778 · Consumer discretionary#355 of 778 · Consumer discretionary

Over the years

Revenue
AIT FY2019: $3.5BAIT FY2020: $3.2BAIT FY2021: $3.2BAIT FY2022: $3.8BAIT FY2023: $4.4BAIT FY2024: $4.5BAIT FY2025: $4.6BAIT FY2026: $5BDSGR FY2018: $349.6MDSGR FY2019: $370.8MDSGR FY2020: $351.6MDSGR FY2021: $520.3MDSGR FY2022: $1.2BDSGR FY2023: $1.6BDSGR FY2024: $1.8BDSGR FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT $5BDSGR $2B
Net income
AIT FY2019: $144MAIT FY2020: $24MAIT FY2021: $144.8MAIT FY2022: $257.4MAIT FY2023: $346.7MAIT FY2024: $385.8MAIT FY2025: $393MAIT FY2026: $414.5MDSGR FY2018: $6.2MDSGR FY2019: $7.2MDSGR FY2020: $15.1MDSGR FY2021: -$5.1MDSGR FY2022: $7.4MDSGR FY2023: -$9MDSGR FY2024: -$7.3MDSGR FY2025: $8.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT $414.5MDSGR $8.3M
Net margin
AIT FY2019: 4.1%AIT FY2020: 0.7%AIT FY2021: 4.5%AIT FY2022: 6.8%AIT FY2023: 7.9%AIT FY2024: 8.6%AIT FY2025: 8.6%AIT FY2026: 8.3%DSGR FY2018: 1.8%DSGR FY2019: 1.9%DSGR FY2020: 4.3%DSGR FY2021: -1.0%DSGR FY2022: 0.6%DSGR FY2023: -0.6%DSGR FY2024: -0.4%DSGR FY2025: 0.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT 8.3%DSGR 0.4%
Revenue growth
AIT FY2020: -6.5%AIT FY2021: -0.3%AIT FY2022: +17.8%AIT FY2023: +15.8%AIT FY2024: +1.5%AIT FY2025: +1.9%AIT FY2026: +8.8%DSGR FY2019: +6.0%DSGR FY2020: -5.2%DSGR FY2021: +48.0%DSGR FY2022: +121.3%DSGR FY2023: +36.4%DSGR FY2024: +14.9%DSGR FY2025: +9.8%FY19FY20FY21FY22FY23FY24FY25FY26
AIT +8.8%DSGR +9.8%
Free cash flow
AIT FY2019: $161.6MAIT FY2020: $276.6MAIT FY2021: $225.8MAIT FY2022: $169.4MAIT FY2023: $317.5MAIT FY2024: $346.5MAIT FY2025: $465.2MAIT FY2026: $460.5MDSGR FY2018: $17.8MDSGR FY2019: $7.2MDSGR FY2020: $30.8MDSGR FY2021: $7.3MDSGR FY2022: -$19.3MDSGR FY2023: $86.9MDSGR FY2024: $42.8MDSGR FY2025: $62.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT $460.5MDSGR $62.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Applied Industrial Technologies and Distribution Solutions

Which is bigger by revenue, Applied Industrial Technologies or Distribution Solutions?

Applied Industrial Technologies is bigger by revenue: $5B in fiscal 2026, against $2B for Distribution Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Applied Industrial Technologies or Distribution Solutions?

Applied Industrial Technologies had a net margin of 8.3% in fiscal 2026; Distribution Solutions had 0.4% in fiscal 2025.

Which grew revenue faster, Applied Industrial Technologies or Distribution Solutions?

In their latest fiscal years revenue changed by +8.8% at Applied Industrial Technologies and +9.8% at Distribution Solutions.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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