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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Market cap: $539.7M
P/E: 0.0×
Fwd P/E: −10.1×
Dividend yield: 4.96%
F-score: 2/9
Altman Z: 2.44
Beneish M: −2.59
Dividend safety: 16/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 47.07%

Capital & Financial Ratios $m

Market Cap 539.71

Revenue 3,510.40

Net Income (114.90)

Free Cash Flow 16.80

Net Debt 328.80

Current Ratio 1.28

Debt/Equity 1.02

P/E ratio 0.00

Fwd P/E (10.10)

P/S ratio 0.15

P/B ratio 1.33

Past 5Y EPS Growth —

This Y EPS Growth (12.50%)

Next Y EPS Growth 138.30%

Next Y revenue growth (7.41%)

Next 5Y EPS Growth (18.77%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 4.39%

10-year low 10-year high

P/B against its own 10 years 13.20%

10-year low 10-year high

EV/Sales against its own 10 years 6.89%

10-year low 10-year high

EV/FCF against its own 10 years 90.40%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 1.45

Annual Dividend Yield 4.96%

	total	individual payouts
2026	1.09	0.36 0.37 0.37
2025	1.43	0.35 0.36 0.36 0.36
2024	1.38	0.33 0.35 0.35 0.35
2023	1.30	0.32 0.33 0.33 0.33
2022	1.29	0.32 0.32 0.32 0.32
2021	1.29	0.32 0.32 0.32 0.32
2020	1.27	0.32 0.32 0.32 0.32
2019	1.26	0.31 0.32 0.32 0.32
2018	1.23	0.30 0.31 0.31 0.31
2017	1.20	0.30 0.30 0.30 0.30
2016	1.17	0.29 0.30 0.30 0.30

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	79	97	123	73
Receivables	498	488	490	485
Inventory	816	754	634	628
Other	—	—	—	—
	1,490	1,433	1,347	1,277

	2023	2024	2025	Q'26
Payables	530	456	401	423
ST’ Debt	169	145	133	142
Other	270	241	211	217
	1,219	1,058	1,002	1,000

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	795	813	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.71)	(1.76)	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	44.41	53.50	55.88	43.26	30.25	35.30	20.99	25.20	48.73	26.41	Analyst estimates 2026–2028 Powerpack
	High	70.19	93.90	91.39	76.79	62.94	102.17	45.96	63.48	84.44	57.89
People
People	Employees	6,500	6,800	7,800	7,900	7,600	8,100	8,200	8,600	8,500	7,500
	Revenue/emp, $m	0.40	0.42	0.41	0.42	0.37	0.38	0.43	0.48	0.51	0.50
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
	Gross margin, %	16.64	17.42	15.63	16.46	16.55	11.82	12.23	19.08	20.79	16.79
	EBT	38	94	37	48	42	(155)	(62)	181	219	(43)
	EBT margin, %	1.49	3.25	1.15	1.46	1.50	(5.04)	(1.76)	4.40	5.08	(1.14)
	Net income	42	49	34	37	39	(183)	(72)	128	144	(58)
	Depreciation	40	44	46	45	45	105	45	47	49	47
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
	Earnings	2.61	2.95	2.10	2.15	2.21	(10.29)	(4.38)	7.35	8.16	(3.40)
	Cash flow	(2.99)	10.01	4.09	4.61	9.95	(15.07)	2.40	8.79	9.79	4.87
	Capex	(1.77)	(2.41)	(1.99)	(2.52)	(2.61)	(2.39)	(1.63)	(1.95)	(2.64)	(3.40)
	Free cash flow	(4.76)	7.60	2.10	2.08	7.34	(17.46)	0.78	6.84	7.15	1.47
	Book value	28.73	34.80	33.83	34.67	38.81	22.77	12.48	22.87	27.47	26.96
	Shares, m	16	16	17	17	17	17	17	17	17	18
Valuation, ×
Valuation, ×	P/E	24.99	29.05	29.50	27.55	27.07	0.00	0.00	8.57	6.24	0.00
	P/S	0.42	0.49	0.32	0.30	0.36	0.22	0.12	0.26	0.21	0.14
	P/B	2.27	2.46	1.83	1.70	1.53	1.81	2.07	2.75	1.85	1.10
	EV/Sales	0.45	0.51	0.39	0.36	0.40	0.32	0.22	0.34	0.27	0.21
	EV/FCF	(14.85)	11.79	35.43	34.47	9.22	(3.33)	60.54	12.03	9.45	30.25
Cash, $m
Cash, $m	Operating cash flow	(49)	165	68	77	167	(253)	41	151	171	86
	Capex	(29)	(40)	(33)	(42)	(44)	(40)	(27)	(33)	(46)	(60)
	Free cash flow	(78)	125	35	35	123	(294)	13	117	125	26
Balance, $m
Balance, $m	Working capital	234	439	355	339	374	245	116	272	375	345
	Total debt	132	285	288	279	289	353	416	411	387	385
	Net debt	89	65	205	215	137	288	357	332	290	262
	Shareholders’ equity	470	572	560	577	651	383	211	392	479	476
Returns, %
Returns, %	ROA	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)
	ROE	9.17	9.32	6.13	6.30	6.04	(33.46)	(24.96)	41.76	32.67	(12.58)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	20.5×	22.2×	−5.13% (below 0%: shrinking)	−14.44% (below 0%: shrinking)	−105.43% (below 0%: shrinking)	29.75%	11.52%	Compare
ASTE Astec Industries, Inc.	$896.2M	44.4×	21.3×	+23.55% (above 0%: growing)	−36.99% (below 0%: shrinking)	−44.57% (below 0%: shrinking)	26.17%	5.00%	Compare
AEBI Aebi Schmidt Holding AG	$870.7M	35.2×	16.6×	+78.73% (above 0%: growing)	n/m	+19.42% (above 0%: growing)	19.60%	5.45%	Compare
MTW The Manitowoc Company, Inc.	$808.9M	38.4×	31.2×	+10.27% (above 0%: growing)	+875.00% (above 0%: growing)	+94.02% (above 0%: growing)	20.69%	5.23%	Compare
HY Hyster-Yale, Inc.	$539.7M	— (loss-making)	— (loss-making)	−15.02% (below 0%: shrinking)	n/m	−84.57% (below 0%: shrinking)	15.70%	(2.26%)
WNC Wabash National Corporation	$522.3M	— (loss-making)	— (loss-making)	−9.06% (below 0%: shrinking)	n/m	+174.99% (above 0%: growing)	3.67%	(6.06%)	Compare
TWI Titan International, Inc.	$435.7M	— (loss-making)	— (loss-making)	+5.19% (above 0%: growing)	n/m	+535.23% (above 0%: growing)	15.46%	2.75%	Compare
CMCO Columbus McKinnon Corporation	$433.3M	— (loss-making)	— (loss-making)	+125.27% (above 0%: growing)	n/m	+193.45% (above 0%: growing)	27.52%	(3.33%)	Compare
GENC Gencor Industries Inc.	$259.9M	17.6×	15.3×	+25.27% (above 0%: growing)	+50.00% (above 0%: growing)	+29.47% (above 0%: growing)	27.91%	17.16%	Compare
Median of peers	$665.6M	35.2×	21.3×	+16.91%	+17.78%	+61.75%	23.43%	5.12%

All 27 Farm & Heavy Construction Machinery stocks →

Hyster-Yale, Inc. (HY) key facts

Concern: Hyster-Yale, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, down 12.5% from fiscal 2024.
Concern: Hyster-Yale, Inc. reported a net loss of $58.0 million, or a loss of $3.40 per share, for fiscal 2025.
Hyster-Yale, Inc. (HY) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, HY traded at $29.21, a market capitalization of $539.7 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.1× sales.
Hyster-Yale, Inc. pays an annual dividend of $1.45 per share, a yield of 4.96%.
Return on equity was −12.6% and debt-to-equity 1.02.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 2.44 (grey zone) for fiscal 2025.