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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%
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) (negative: loss-making)
P/S ratio 0.15
P/B ratio 1.33
Past 5Y EPS Growth —
This Y EPS Growth (12.50%) (below 0%: weak)
Next Y EPS Growth 138.30% (at or above 15%: strong)
Next Y revenue growth (7.41%) (below 0%: weak)
Next 5Y EPS Growth (18.77%) (below 0%: weak)

Green and red mark values outside typical ranges. 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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 20.5× 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.

Source: company filings (standardised) and stockrow calculations.

Hyster-Yale, Inc. (HY) Latest News

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stockrow.com/HY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com