Saturday 17 October 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. In the quarter to June 2026, revenue fell 15.0%, EPS fell 122.8%, free cash flow fell 84.6% and total debt rose 5.74%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
29.21
0.89
−2.96%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
24.99 | 29.05 | 29.50 | 27.55 | 27.07 | 0.00 | 0.00 | 8.57 | 6.24 | 0.00 |
Piotroski F-Score |
1 | 5 | 4 | 5 | 7 | 1 | 6 | 8 | 7 | 2 |
P/S ratio |
0.42 | 0.49 | 0.32 | 0.30 | 0.36 | 0.22 | 0.12 | 0.26 | 0.21 | 0.14 |
Altman Z-Score |
3.46 | 3.33 | 2.99 | 2.89 | 2.67 | 1.89 | 2.00 | 3.02 | 3.35 | 2.44 |
Altman Z″-Score (non-manufacturers) |
2.88 | 3.38 | 2.75 | 2.63 | 2.84 | 0.96 | 0.61 | 2.18 | 2.95 | 1.84 |
P/FCF ratio |
0.00 | 11.28 | 29.53 | 28.28 | 8.11 | 0.00 | 33.30 | 9.20 | 7.12 | 20.19 |
Beneish M-Score |
(1.63) | (2.73) | (2.40) | (2.53) | (2.87) | (2.29) | (2.61) | (2.70) | (2.55) | (2.59) |
P/Operating CF |
(14.88) | 190.50 | (41.49) | 10.44 | 11.00 | (11.20) | 69.24 | 23.63 | 11.01 | 9.29 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 16 |
P/B ratio |
2.27 | 2.46 | 1.83 | 1.70 | 1.53 | 1.81 | 2.07 | 2.75 | 1.85 | 1.10 |
Price to Tangible BV |
2.94 | 3.08 | 2.67 | 2.39 | 2.09 | 2.51 | 3.73 | 3.60 | 2.27 | 1.35 |
EV/Sales |
0.45 | 0.51 | 0.39 | 0.36 | 0.40 | 0.32 | 0.22 | 0.34 | 0.27 | 0.21 |
EV/EBITDA |
15.83 | 12.46 | 14.55 | 12.07 | 12.02 | 0.00 | 139.12 | 5.52 | 4.01 | 31.33 |
EV/Operating CF |
(23.66) | 8.95 | 18.19 | 15.59 | 6.81 | (3.86) | 19.53 | 9.35 | 6.90 | 9.13 |
EV/FCF |
(14.85) | 11.79 | 35.43 | 34.47 | 9.22 | (3.33) | 60.54 | 12.03 | 9.45 | 30.25 |
Quick Ratio |
0.73 | 0.97 | 0.71 | 0.65 | 0.75 | 0.47 | 0.43 | 0.47 | 0.55 | 0.61 |
Current Ratio |
1.41 | 1.63 | 1.46 | 1.41 | 1.49 | 1.22 | 1.09 | 1.22 | 1.35 | 1.34 |
Net Debt/EBITDA |
1.22 | 0.55 | 2.42 | 2.17 | 1.45 | (6.07) | 62.59 | 1.30 | 0.99 | 10.42 |
Debt/Assets |
10.27% | 17.27% | 16.54% | 15.12% | 15.51% | 17.93% | 20.52% | 19.75% | 19.05% | 19.04% |
Debt/Equity |
0.28 | 0.50 | 0.52 | 0.48 | 0.44 | 0.92 | 1.97 | 1.05 | 0.81 | 0.81 |
Asset Turnover |
2.16 | 1.97 | 1.88 | 1.83 | 1.52 | 1.61 | 1.78 | 2.01 | 2.10 | 1.86 |
Operating CF/Net income |
(1.14) | 3.39 | 1.95 | 2.14 | 4.50 | 1.47 | (0.55) | 1.20 | 1.20 | (1.43) |
Capex/Depreciation |
(0.72) | (0.90) | (0.72) | (0.93) | (0.98) | (0.38) | (0.61) | (0.72) | (0.94) | (1.27) |
Interest Coverage |
4.91 | 5.08 | 2.43 | 2.72 | 3.64 | (9.83) | (1.38) | 5.60 | 7.24 | (0.71) |
| 9.17% | 9.32% | 6.13% | 6.30% | 6.04% | (33.46%) | (24.96%) | 41.76% | 32.67% | (12.58%) | |
| 3.59% | 3.31% | 2.05% | 1.99% | 2.00% | (9.03%) | (3.71%) | 6.13% | 6.93% | (2.97%) | |
ROIC |
3.68% | 7.27% | 3.17% | 4.26% | 3.96% | (14.19%) | (4.30%) | 18.02% | 19.89% | (1.87%) |
Return on Tangible Assets |
8.76% | 6.90% | 5.33% | 5.53% | 5.19% | (30.04%) | (17.40%) | 21.51% | 20.86% | (8.91%) |
Average Days of Receivables |
53.31 | 57.31 | 53.45 | 51.93 | 53.49 | 54.28 | 53.86 | 44.09 | 41.38 | 47.41 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
15.36% | 14.85% | 14.41% | 14.82% | 14.78% | 14.63% | 13.33% | 14.01% | 14.58% | 16.36% |
Intangible Assets out of Total Assets |
0.08 | 0.07 | 0.10 | 0.09 | 0.09 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
Share Based Compensation of Revenue |
0.19% | 0.31% | 0.18% | 0.25% | 0.05% | 0.13% | 0.18% | 0.71% | 0.55% | 0.20% |
Graham Net Nets |
(0.01) | 0.04 | (0.05) | (0.12) | (0.08) | (0.34) | (0.82) | (0.18) | (0.13) | (0.38) |
Graham Number |
41.07 | 48.06 | 39.98 | 40.85 | 43.83 | 0.00 | 0.00 | 61.46 | 71.02 | 0.00 |
Earnings Yield |
4.00% | 3.44% | 3.39% | 3.63% | 3.69% | (25.04%) | (16.97%) | 11.67% | 16.02% | (11.41%) |
Free Cash Flow Yield |
(7.29%) | 8.87% | 3.39% | 3.54% | 12.33% | (42.49%) | 3.00% | 10.87% | 14.04% | 4.95% |
Revenue per Share |
156.92 | 175.42 | 192.21 | 197.77 | 167.64 | 182.88 | 209.95 | 240.32 | 247.00 | 213.32 |
Operating CF per Share |
(2.99) | 10.01 | 4.09 | 4.61 | 9.95 | (15.07) | 2.40 | 8.79 | 9.79 | 4.87 |
Capex per Share |
(1.77) | (2.41) | (1.99) | (2.52) | (2.61) | (2.39) | (1.63) | (1.95) | (2.64) | (3.40) |
Free Cash Flow per Share |
(4.76) | 7.60 | 2.10 | 2.08 | 7.34 | (17.46) | 0.78 | 6.84 | 7.15 | 1.47 |
Cash per Share |
2.64 | 13.38 | 5.06 | 3.88 | 9.03 | 3.89 | 3.49 | 4.60 | 5.54 | 6.97 |
Shareholders Equity per Share |
28.73 | 34.80 | 33.83 | 34.67 | 38.81 | 22.77 | 12.48 | 22.87 | 27.47 | 26.96 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
28.73 | 34.80 | 33.83 | 34.67 | 38.81 | 22.77 | 12.48 | 22.87 | 27.47 | 26.96 |
Free Cash Flow |
(77.90) | 125.00 | 34.70 | 34.70 | 123.20 | (293.70) | 13.10 | 117.20 | 124.70 | 26.00 |
Working Capital |
233.50 | 439.00 | 355.40 | 338.80 | 373.80 | 245.40 | 115.80 | 271.50 | 375.40 | 345.20 |
Capital Expenditures |
(29.00) | (39.70) | (32.90) | (42.00) | (43.70) | (40.20) | (27.50) | (33.50) | (46.00) | (60.10) |
Net Current Asset Value |
(6.70) | 55.90 | (51.00) | (114.40) | (78.70) | (237.20) | (356.60) | (197.00) | (116.70) | (197.30) |
EV/EBIT |
35.17 | 19.89 | 31.68 | 22.19 | 22.77 | 0.00 | 0.00 | 6.75 | 4.81 | 0.00 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
Price to Operating Income |
32.47 | 19.02 | 26.41 | 18.21 | 20.02 | 0.00 | 0.00 | 5.16 | 3.63 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.16 | 0.17 | 0.15 | 0.15 | 0.13 | 0.32 | 0.14 | 0.15 | 0.16 | 0.14 |
Cash ROIC |
(12.06%) | 11.61% | 3.73% | 3.77% | 11.29% | (36.64%) | 1.91% | 13.30% | 12.96% | 2.64% |
Accounts Receivable Turnover |
7.35 | 6.97 | 6.92 | 7.05 | 6.39 | 7.07 | 7.23 | 8.07 | 8.74 | 7.71 |
Accounts Payable Turnover |
7.73 | 7.19 | 6.38 | 6.44 | 5.55 | 5.60 | 5.42 | 5.86 | 6.92 | 7.32 |
Inventory Turnover |
6.52 | 6.24 | 5.67 | 5.03 | 4.39 | 4.20 | 3.94 | 4.13 | 4.35 | 4.52 |
Average Days of Payables |
44.11 | 61.88 | 59.44 | 55.36 | 66.59 | 72.86 | 71.19 | 58.07 | 48.72 | 46.69 |
Days of Inventory on Hand |
60.01 | 63.10 | 72.62 | 74.31 | 79.23 | 105.10 | 93.70 | 89.34 | 80.68 | 73.81 |
Average Receivables |
349.70 | 414.15 | 459.25 | 466.90 | 440.20 | 434.75 | 490.50 | 510.55 | 492.95 | 489.00 |
Average Payables |
277.15 | 331.40 | 420.35 | 426.95 | 422.60 | 484.75 | 574.40 | 568.80 | 492.85 | 428.35 |
Average Inventory |
328.40 | 382.05 | 472.75 | 546.75 | 534.65 | 645.20 | 790.25 | 807.60 | 785.00 | 694.30 |
Average Assets |
1,191.50 | 1,467.50 | 1,695.00 | 1,794.65 | 1,853.35 | 1,914.80 | 1,998.15 | 2,052.65 | 2,054.15 | 2,024.90 |
Average Common Equity |
466.55 | 521.40 | 565.95 | 568.25 | 614.05 | 517.00 | 296.90 | 301.45 | 435.60 | 477.75 |
Columns are period end dates