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Friday 6 November 2026 Export HY’s income statement to Excel — free account

Hyster-Yale, Inc.

HY Industrials Farm & Heavy Construction Machinery

Hyster-Yale, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, down 12.5% from fiscal 2024.

Revenue
−15.5%
EPS
−538.5%
Free cash flow
−42.8%
Total debt
−0.15%

Quarter to September 2026, against a year earlier

27.47 2.55 −8.49%
Market cap
$483.2M
P/E
0.0×
Fwd P/E
−7.5×
Dividend yield
5.28%
F-score
2/9
Altman Z
2.44
Beneish M
−2.59
Dividend safety
16/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 47.12%

Capital & Financial Ratios $m

Size
Market Cap 483.23
Revenue ttm 3,358.70
Net income ttm (127.50)
Free cash flow ttm 7.00
Net debt Q 334.30
Valuation
P/E 0.00
Forward P/E (7.45) (negative: loss-making)
Price / sales 0.15
Forward P/S Powerpack
Price / FCF 70.35
Price / book 1.32
Financial health
Current ratio Q 1.24
Debt / equity Q 1.05
Interest coverage Q (1.26)
Growth
Revenue growth Q −15.49% (below 0%: shrinking)
Operating income growth Q −495.67% (below 0%: shrinking)
EPS, this year −12.50% (below 0%: weak)
EPS, next year A +138.30% (at or above 15%: strong)
Revenue, next year A −7.41% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −18.77% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.2×, against a ten-year median of 0.3×; over the ten years it ranged from 0.2× in 2025 to 0.6× in 2021.
P/S against its own 10 years 3.78%
10-year low 10-year high
P/B against its own 10 years 12.80%
10-year low 10-year high
EV/Sales against its own 10 years 9.06%
10-year low 10-year high
EV/FCF against its own 10 years 95.76%
10-year low 10-year high

Dividends

Yield
5.28%
Annual rate
1.45
Payout ratio
—
Growth, 2018–26
−1.52%/yr
  1. 1.23 ’18
  2. 1.26 ’19 +2
  3. 1.27 ’20 +1
  4. 1.29 ’21 +1
  5. 1.29 ’22 +0
  6. 1.30 ’23 +1
  7. 1.38 ’24 +6
  8. 1.43 ’25 +4
  9. 1.09 ’26 −24
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 79 97 123 59
Receivables 498 488 490 469
Inventory 816 754 634 665
Other — — — —
1,490 1,433 1,347 1,280
2023 2024 2025 Q'26
Payables 530 456 401 —
ST’ Debt 169 145 133 139
Other 270 241 211 215
1,219 1,058 1,002 1,036

Compound Annual Growth %

10y 5y 3y
Sales 3.87% 6.03% 2.03%
Cash Flow (0.38%) (12.40%) 28.48%
Earnings 0.00% 0.00% 0.00%
Book Value 0.29% (6.06%) 31.20%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −2.05 Actual −1.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.03 −0.09 Miss by 0.12
Q4 FY25 −1.20 −2.06 Miss by 0.86
Q1 FY26 −1.80 −1.64 Beat by 0.16
Q2 FY26 −2.05 −1.64 Beat by 0.41
Q3 FY26 −0.40 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (1.71) (1.76) (0.83) — —
’25 0.48 (0.79) (0.13) (2.96) (3.40)
’24 2.93 3.58 0.97 0.58 8.04
’23 1.55 2.21 2.06 1.43 7.24
’22 (1.48) (1.15) (2.20) 0.44 (4.38)
’21 0.33 0.11 (4.59) (6.14) (10.29)
’20 0.91 0.21 0.30 0.78 2.21
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 795 813 827 — —
’25 910 957 979 923 3,769
’24 1,057 1,168 1,016 1,068 4,308
’23 999 1,091 1,001 1,027 4,118
’22 828 895 840 985 3,548
’21 732 766 748 830 3,076
’20 786 654 652 720 2,812
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) 17 26 — —
’25 (36) 29 37 57 86
’24 22 (2) 70 81 171
’23 9 36 60 46 151
’22 59 (59) 34 6 41
’21 (47) (54) (91) (62) (253)
’20 (46) 34 88 91 167
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (42) 3 13 — —
’25 (47) 16 23 34 26
’24 15 (14) 60 63 125
’23 6 29 52 30 117
’22 50 (64) 30 (2) 13
’21 (53) (62) (102) (76) (294)
’20 (63) 28 82 77 123
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,570 2,885 3,179 3,292 2,812 3,076 3,548 4,118 4,308 3,769 3,359 +4.3% 3,490 3,763 4,119 +3.0%
Gross margin, % 16.64 17.42 15.63 16.46 16.55 11.82 12.23 19.08 20.79 16.79 15.11 +0.2 pt
EBT 38 94 37 48 42 (155) (62) 181 219 (43) (111) n/m
EBT margin, % 1.49 3.25 1.15 1.46 1.50 (5.04) (1.76) 4.40 5.08 (1.14) (3.30) (2.6) pt
Net income 42 49 34 37 39 (183) (72) 128 144 (58) (127) n/m
Per share, $
Per share, $ Revenue 156.92 175.42 192.21 197.77 167.64 182.88 209.95 240.32 247.00 213.32 187.35 +3.5%
Earnings 2.61 2.95 2.10 2.15 2.21 (10.29) (4.38) 7.35 8.16 (3.40) (7.26) n/m
Cash flow (2.99) 10.01 4.09 4.61 9.95 (15.07) 2.40 8.79 9.79 4.87 3.72 n/m
Capex (1.77) (2.41) (1.99) (2.52) (2.61) (2.39) (1.63) (1.95) (2.64) (3.40) (3.32) +7.5%
Free cash flow (4.76) 7.60 2.10 2.08 7.34 (17.46) 0.78 6.84 7.15 1.47 0.39 n/m
Book value 28.73 34.80 33.83 34.67 38.81 22.77 12.48 22.87 27.47 26.96 20.83 (0.7%)
Shares, m 16 16 17 17 17 17 17 17 17 18 18 +0.8%
Valuation, ×
Valuation, × P/E 24.99 29.05 29.50 27.55 27.07 0.00 0.00 8.57 6.24 0.00 0.00 15.3
P/S 0.42 0.49 0.32 0.30 0.36 0.22 0.12 0.26 0.21 0.14 0.15 0.3
P/B 2.27 2.46 1.83 1.70 1.53 1.81 2.07 2.75 1.85 1.10 1.32 1.9
EV/Sales 0.45 0.51 0.39 0.36 0.40 0.32 0.22 0.34 0.27 0.21 0.25 0.3
EV/FCF (14.85) 11.79 35.43 34.47 9.22 (3.33) 60.54 12.03 9.45 30.25 118.11 18.5
Cash, $m
Cash, $m Operating cash flow (49) 165 68 77 167 (253) 41 151 171 86 67 n/m
Capex (29) (40) (33) (42) (44) (40) (27) (33) (46) (60) (60) +8.4%
Free cash flow (78) 125 35 35 123 (294) 13 117 125 26 7 n/m
Balance, $m
Balance, $m Working capital 234 439 355 339 374 245 116 272 375 345 245 +4.4%
Net debt 89 65 205 215 137 288 357 332 290 262 334 +12.7%
Shareholders’ equity 470 572 560 577 651 383 211 392 479 476 373 +0.1%
Returns, %
Returns, % ROA 3.59 3.31 2.05 1.99 2.00 (9.03) (3.71) 6.13 6.93 (2.97) (6.49) (6.6) pt
ROIC 3.68 7.27 3.17 4.26 3.96 (14.19) (4.30) 18.02 19.89 (1.87) (8.19) (5.5) pt
ROE 9.17 9.32 6.13 6.30 6.04 (33.46) (24.96) 41.76 32.67 (12.58) (28.35) (21.7) pt
People
People Employees 6,500 6,800 7,800 7,900 7,600 8,100 8,200 8,600 8,500 7,500 — +1.6%
Revenue/emp, $m 0.40 0.42 0.41 0.42 0.37 0.38 0.43 0.48 0.51 0.50 — +2.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Hyster-Yale, Inc. vs peers in Farm & Heavy Construction Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LNN Lindsay Corporation $1.1B 20.0× 20.6× +5.21% (above 0%: growing) +11.00% (above 0%: growing) −20.40% (below 0%: shrinking) 26.92% 9.77% Compare
AEBI Aebi Schmidt Holding AG $859.1M 35.3× 16.8× +78.73% (above 0%: growing) n/m +19.42% (above 0%: growing) 19.60% 5.45% Compare
ASTE Astec Industries, Inc. $814.2M 69.3× 22.3× +0.66% (above 0%: growing) n/m +187.80% (above 0%: growing) 23.35% (0.94%) Compare
MTW The Manitowoc Company, Inc. $781.5M 30.0× 29.9× +10.91% (above 0%: growing) +114.29% (above 0%: growing) −84.33% (below 0%: shrinking) 19.84% 5.18% Compare
HY Hyster-Yale, Inc. $483.2M — (loss-making) — (loss-making) −15.49% (below 0%: shrinking) n/m −42.79% (below 0%: shrinking) 15.00% (1.10%)
CMCO Columbus McKinnon Corporation $478.2M — (loss-making) — (loss-making) +106.59% (above 0%: growing) n/m −201.82% (below 0%: shrinking) 34.84% 6.50% Compare
WNC Wabash National Corporation $452.6M — (loss-making) — (loss-making) +24.85% (above 0%: growing) n/m −128.61% (below 0%: shrinking) 3.12% (4.20%) Compare
TWI Titan International, Inc. $303.7M — (loss-making) — (loss-making) −6.18% (below 0%: shrinking) n/m −49.13% (below 0%: shrinking) 14.74% (0.29%) Compare
GENC Gencor Industries Inc. $245.1M 16.4× 16.1× +25.27% (above 0%: growing) +50.00% (above 0%: growing) +29.47% (above 0%: growing) 27.91% 17.16% Compare
Median of peers $629.8M 30.0× 20.6× +17.88% +50.00% −34.76% 21.60% 5.32%

All 27 Farm & Heavy Construction Machinery stocks →

Pay and ownership Proxy statement filed 24 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.40m 4.14m (42.04)
2024 8.10m 7.95m (4.32)
2023 8.69m 8.11m 14.30
2022 5.38m 5.04m (54.81)
2021 2.61m 2.71m (29.47)
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Hyster-Yale, Inc. (HY) Latest News

5 Nov

Impact 4 · · PR Newswire
Impact 3 · · StockStory

27 Oct

Impact 3 · · Zacks

21 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks
Impact 3 · · PR Newswire

12 Oct

Impact 3 · · Zacks

5 Oct

Impact 3 · · Zacks

1 Oct

Impact 3 · · GlobeNewswire

30 Sep

Impact 3 · · StockStory

29 Sep

Impact 3 · · StockStory

28 Sep

Impact 3 · · Zacks

21 Sep

Impact 3 ·

17 Sep

Impact 3 ·

8 Sep

Impact 4 ·

13 Aug

Impact 3 ·

12 Aug

Impact 3 ·

11 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat

5 Aug

Impact 4 ·

4 Aug

Impact 3 ·
Impact 3 ·

3 Aug

Impact 3 ·

7 Jul

Impact 4 ·

19 May

Impact 3 · · GlobeNewswire

10 May

Impact 4 · · MarketBeat

6 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

5 May

Impact 4 · · Zacks
stockrow.com/HY · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com