AIT vs. MUSA

Last updated Jun 9, 2026

AIT (Applied Industrial Technologies, Inc.) and MUSA (Murphy USA Inc.) are both stocks. AIT operates in Industrial Distribution (Industrials), while MUSA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, AIT returned 22.87%/yr vs 23.20%/yr for MUSA. At a 0.29 correlation, their price movements are largely independent.

Performance

AIT vs. MUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Industrial Technologies, Inc. (AIT) and Murphy USA Inc. (MUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIT achieves a 22.87% return, which is significantly lower than MUSA's 35.73% return. Both investments have delivered pretty close results over the past 10 years, with AIT having a 22.87% annualized return and MUSA not far ahead at 23.20%.

AIT

• 1D: -0.28%
• 1M: 1.96%
• YTD: 22.87%
• 6M: 22.65%
• 1Y: 36.57%
• 3Y*: 33.63%
• 5Y*: 28.07%
• 10Y*: 22.87%

MUSA

• 1D: -0.06%
• 1M: -5.37%
• YTD: 35.73%
• 6M: 39.49%
• 1Y: 29.20%
• 3Y*: 24.86%
• 5Y*: 32.62%
• 10Y*: 23.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIT vs. MUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIT Applied Industrial Technologies, Inc.	22.87%	8.01%	39.67%	38.35%	24.25%	33.57%	19.37%	26.35%	-19.41%	16.89%
MUSA Murphy USA Inc.	35.73%	-19.15%	41.27%	28.20%	41.02%	53.33%	12.06%	52.66%	-4.63%	30.73%

Correlation

The correlation between AIT and MUSA is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 20, 2013	0.29

Over the past year, the correlation between AIT and MUSA has dropped to 0.03 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AIT : $11.95B MUSA : $10.22B
EPS AIT : $10.56 MUSA : $28.85
PE Ratio AIT : 29.78 MUSA : 18.93
PEG Ratio AIT : 0.93 MUSA : 1.03
PS Ratio AIT : 2.48 MUSA : 0.53
PB Ratio AIT : 4.00 MUSA : 15.51
Total Revenue (TTM) AIT : $4.84B MUSA : $19.68B
Gross Profit (TTM) AIT : $1.47B MUSA : $487.10M
EBITDA (TTM) AIT : $563.38M MUSA : $1.06B

Return for Risk

AIT vs. MUSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIT

AIT Risk / Return Rank: 79
AIT Sharpe Ratio Rank: 81
AIT Sortino Ratio Rank: 75
AIT Omega Ratio Rank: 74
AIT Calmar Ratio Rank: 83
AIT Martin Ratio Rank: 82

MUSA

MUSA Risk / Return Rank: 66
MUSA Sharpe Ratio Rank: 67
MUSA Sortino Ratio Rank: 61
MUSA Omega Ratio Rank: 62
MUSA Calmar Ratio Rank: 70
MUSA Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIT vs. MUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) and Murphy USA Inc. (MUSA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIT	MUSA	Difference
Sharpe ratio: Return per unit of total volatility	1.40	0.77	+0.63
Sortino ratio: Return per unit of downside risk	1.94	1.23	+0.71
Omega ratio: Gain probability vs. loss probability	1.25	1.17	+0.08
Calmar ratio: Return relative to maximum drawdown	2.86	1.49	+1.37
Martin ratio: Return relative to average drawdown	6.86	3.05	+3.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIT vs. MUSA - Sharpe Ratio Comparison

The current AIT Sharpe Ratio is 1.40, which is higher than the MUSA Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of AIT and MUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIT	MUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.77	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.09	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.75	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.77	-0.34

Drawdowns

AIT vs. MUSA - Drawdown Comparison

The maximum AIT drawdown since its inception was -66.47%, which is greater than MUSA's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for AIT and MUSA.

Drawdown Indicators

	AIT	MUSA	Difference
Max Drawdown Largest peak-to-trough decline	-66.47%	-35.54%	-30.93%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-19.72%	+6.86%
Max Drawdown (3Y) Largest decline over 3 years	-26.42%	-35.54%	+9.12%
Max Drawdown (5Y) Largest decline over 5 years	-26.42%	-35.54%	+9.12%
Max Drawdown (10Y) Largest decline over 10 years	-59.29%	-35.54%	-23.75%
Current Drawdown Current decline from peak	-0.28%	-9.55%	+9.27%
Average Drawdown Average peak-to-trough decline	-18.04%	-9.98%	-8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	9.60%	-4.25%

Volatility

AIT vs. MUSA - Volatility Comparison

The current volatility for Applied Industrial Technologies, Inc. (AIT) is 5.61%, while Murphy USA Inc. (MUSA) has a volatility of 7.83%. This indicates that AIT experiences smaller price fluctuations and is considered to be less risky than MUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIT	MUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	7.83%	-2.22%
Volatility (6M) Calculated over the trailing 6-month period	19.07%	28.79%	-9.72%
Volatility (1Y) Calculated over the trailing 1-year period	26.31%	38.14%	-11.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.49%	30.11%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.29%	31.18%	+2.11%

Dividends

AIT vs. MUSA - Dividend Comparison

AIT's dividend yield for the trailing twelve months is around 0.62%, more than MUSA's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIT Applied Industrial Technologies, Inc.	0.62%	0.72%	0.62%	0.81%	1.08%	1.29%	1.64%	1.86%	2.22%	1.70%	1.89%	2.67%
MUSA Murphy USA Inc.	0.44%	0.53%	0.36%	0.43%	0.45%	0.52%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

AIT vs. MUSA - Profitability Comparison

The chart below illustrates the profitability comparison between Applied Industrial Technologies, Inc. and Murphy USA Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AIT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.

MUSA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Murphy USA Inc. reported a gross profit of 0.00 and revenue of 4.82B. Therefore, the gross margin over that period was 0.0%.

AIT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.

MUSA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Murphy USA Inc. reported an operating income of 205.20M and revenue of 4.82B, resulting in an operating margin of 4.3%.

AIT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.

MUSA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Murphy USA Inc. reported a net income of 136.30M and revenue of 4.82B, resulting in a net margin of 2.8%.

Frequently Asked Questions

Can I hold both AIT and MUSA in my portfolio?

AIT and MUSA have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIT or MUSA?

MUSA has higher volatility (7.83%) compared to AIT (5.61%). In terms of maximum drawdown, AIT dropped -66.47% vs MUSA's -35.54%.

Which has better risk-adjusted returns?

AIT currently has the higher Sharpe Ratio (1.40 vs 0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.