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AIT vs. GEV: Applied Industrial vs. GE Vernova Stock Comparison

How do Applied Industrial (AIT) and GE Vernova (GEV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Applied Industrial (AIT) and GE Vernova (GEV) both fall under the Capital Goods industry group, but AIT is classified in Trading Companies & Distributors while GEV is classified in Electrical Equipment.

Applied Industrial (AIT) carries decades of public-market history since March 17, 1980, while GE Vernova (GEV) listed on March 27, 2024 — long-window comparisons have far more historical data on the AIT side.

Company profile comparison for Applied Industrial (AIT) and GE Vernova (GEV)
Profile ItemAITGEV
NameApplied Industrial Technologies Inc.GE Vernova Inc.
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryTrading Companies & DistributorsElectrical Equipment
GICS Sub-IndustryTrading Companies & DistributorsHeavy Electrical Equipment
Market Capitalization10.35 billion USD204.89 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980March 27, 2024
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AIT
GEV
GSPC
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Applied Industrial (AIT) vs. GE Vernova (GEV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Applied Industrial (AIT) and GE Vernova (GEV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Applied Industrial (AIT) and GE Vernova (GEV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
Total Return (1Y)15.62%44.63%
Total Return (3Y, Annualized)24.49%--
Total Return (5Y, Annualized)24.56%--

Risk Profile

Drawdown History

AIT
GEV
GSPC
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Applied Industrial (AIT) vs. GE Vernova (GEV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Applied Industrial (AIT) and GE Vernova (GEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
Volatility (1Y, Annualized)28.72%55.54%
Beta (5Y)0.861.12
Max Drawdown (5Y)-26.42%-38.29%
Avg. Volume (3M)295.41K2.65M

Risk-Adjusted Performance

Risk-Return Positioning

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AIT and GEV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
Sharpe Ratio (1Y)0.390.73
Sortino Ratio (1Y)0.531.08

Profitability

ROE (TTM)

Both companies show strong equity returns, but GE Vernova (GEV) at 93.04% is the standout with ROE above its industry range; Applied Industrial (AIT) at 22.51% also sits in the top quartile.

AIT

Capital Goods industry group

22.51%

Max
40.55%
AIT
22.51%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%

GEV

Capital Goods industry group

93.04%

GEV
93.04%
Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

GE Vernova (GEV) at 23.54% retains a top-quartile share of revenue as profit, ahead of Applied Industrial (AIT) at 8.39%, which keeps about the industry-typical share.

AIT

Capital Goods industry group

8.39%

Max
27.47%
Q3
12.10%
AIT
8.39%
Median
6.30%
Q1
1.40%
Min
-12.89%

GEV

Capital Goods industry group

23.54%

Max
27.47%
GEV
23.54%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Applied Industrial (AIT) at 11.12% and GE Vernova (GEV) at 12.77% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AIT

Capital Goods industry group

11.12%

Max
36.60%
Q3
18.33%
AIT
11.12%
Median
11.12%
Q1
5.14%
Min
-12.63%

GEV

Capital Goods industry group

12.77%

Max
36.60%
Q3
18.33%
GEV
12.77%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
ROE (TTM)22.51%93.04%
ROA (TTM)11.43%3.22%
Net Margin (TTM)8.39%23.54%
Operating Margin (TTM)11.12%12.77%
Gross Margin (TTM)30.40%21.79%

Growth

Revenue Growth

Both Applied Industrial (AIT) at 8.84% and GE Vernova (GEV) at 8.97% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: GE Vernova (GEV) reports EPS growth of 217.03%, ranked against its industry; Applied Industrial (AIT) has no EPS growth figure this period.

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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
Revenue Growth (YoY)8.84%8.97%
Revenue Growth (3Y CAGR)4.02%8.68%
EPS Growth (YoY)--217.03%
EPS Growth (3Y CAGR)7.40%--

Financial Strength

Current Ratio (MRQ)

Applied Industrial (AIT) at 2.89 keeps current ratio within its industry’s typical mid-range, while GE Vernova (GEV) at 0.83 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for GEV.

AIT

Capital Goods industry group

2.89

Max
5.22
Q3
2.95
AIT
2.89
Median
2.08
Q1
1.43
Min
0.36

GEV

Capital Goods industry group

0.83

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
GEV
0.83
Min
0.36
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Applied Industrial (AIT) at 0.15 keeps leverage in the lower industry quartile, while GE Vernova (GEV) at 0.30 runs a more typical debt-to-equity mix.

AIT

Capital Goods industry group

0.15

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
AIT
0.15
Min
0.00

GEV

Capital Goods industry group

0.30

Max
2.33
Q3
1.12
Median
0.60
GEV
0.30
Q1
0.29
Min
0.00
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
Current Ratio (MRQ)2.890.83
Debt / Equity (MRQ)0.150.30
Net Debt / EBITDA0.27-2.50

Dividends

Dividend Yield (TTM)

Both Applied Industrial (AIT) at 0.71% and GE Vernova (GEV) at 0.26% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AIT

Capital Goods industry group

0.71%

Max
2.66%
Q3
1.14%
AIT
0.71%
Median
0.24%
Q1
0.00%
Min
0.00%

GEV

Capital Goods industry group

0.26%

Max
2.66%
Q3
1.14%
GEV
0.26%
Median
0.24%
Q1
0.00%
Min
0.00%
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Applied Industrial (AIT) at 17.63% and GE Vernova (GEV) at 4.59% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

AIT

Capital Goods industry group

17.63%

Max
67.39%
Q3
28.02%
AIT
17.63%
Median
6.86%
Q1
0.00%
Min
0.00%

GEV

Capital Goods industry group

4.59%

Max
67.39%
Q3
28.02%
Median
6.86%
GEV
4.59%
Q1
0.00%
Min
0.00%
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
Dividend Yield (TTM)0.71%0.26%
Dividend Payout Ratio (TTM)17.63%4.59%

Valuation

P/E Ratio (TTM)

Both Applied Industrial (AIT) at 25.10 and GE Vernova (GEV) at 20.32 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AIT

Capital Goods industry group

25.10

Max
59.38
Q3
35.92
Median
25.41
AIT
25.10
Q1
19.47
Min
3.03

GEV

Capital Goods industry group

20.32

Max
59.38
Q3
35.92
Median
25.41
GEV
20.32
Q1
19.47
Min
3.03
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Applied Industrial (AIT) at 2.05 is priced about in line with its industry on P/S ratio, while GE Vernova (GEV) at 4.65 sits in the pricier quartile — GEV costs more per dollar of sales.

AIT

Capital Goods industry group

2.05

Max
7.54
Q3
3.76
Median
2.15
AIT
2.05
Q1
1.03
Min
0.03

GEV

Capital Goods industry group

4.65

Max
7.54
GEV
4.65
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Applied Industrial (AIT) at 5.50 sits in the upper P/B ratio quartile, and GE Vernova (GEV) at 18.00 prices even higher, above its industry range.

AIT

Capital Goods industry group

5.50

Max
9.66
AIT
5.50
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08

GEV

Capital Goods industry group

18.00

GEV
18.00
Max
9.66
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Applied Industrial (AIT) vs. GE Vernova (GEV): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Applied Industrial (AIT) and GE Vernova (GEV)
MetricAITGEV
P/E Ratio (TTM)25.1020.32
P/S Ratio (TTM)2.054.65
P/B Ratio (MRQ)5.5018.00
Free Cash Flow Yield (TTM)3.24%10.79%