Columbus McKinnon Corporation (CMCO) vs Hyster-Yale, Inc. (HY)

Columbus McKinnon Corporation and Hyster-Yale, Inc. are both Farm & Heavy Construction Machinery companies. Hyster-Yale, Inc. is the larger, with a market value of $539.7M against $433.3M — 1.2× the size. Columbus McKinnon Corporation grew revenue faster over the last twelve months: 55.2% against −11.1%. Hyster-Yale, Inc. has the higher net margin (−3.33% vs −18.1%) and the lower return on invested capital (−7.03% vs −2.44%). Both pay a dividend; Hyster-Yale, Inc. yields more (4.96% vs 1.91%). Across the 19 metrics below, Hyster-Yale, Inc. leads on 12 and Columbus McKinnon Corporation on 7.

Valuation

Metric CMCO HY Farm & Heavy Construction Machinery median
P/E n/m n/m 23.28
P/S 0.28 0.15 0.75
P/B 0.75 1.33 1.43
Price to free cash flow n/m 31.14 22.25
EV/EBITDA n/m n/m 11.41
EV/Sales 1.81 0.24 1.14
Earnings yield (75.10%) (22.46%) 2.83%
Free cash flow yield (28.35%) 3.21% 2.91%

Profitability

Metric CMCO HY Farm & Heavy Construction Machinery median
Gross margin 28.78% 15.36% 24.21%
Operating margin (9.57%) (2.32%) 4.47%
Net margin (18.10%) (3.33%) 1.49%
Free cash flow margin (8.03%) 0.48% 2.15%
Return on equity (36.58%) (24.80%) 3.99%
Return on assets (8.35%) (5.84%) 1.31%
Return on invested capital (2.44%) (7.03%) 3.36%

Growth

Metric CMCO HY Farm & Heavy Construction Machinery median
Revenue growth (TTM) 55.23% (11.14%) 2.18%
EPS growth (last fiscal year) (4,252.94%) (142.29%) (27.79%)
Revenue growth, 5-year CAGR 12.93% 6.03% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CMCO HY Farm & Heavy Construction Machinery median
Debt to equity 1.74 1.02 0.67
Current ratio 2.00 1.28 1.98
Net debt to EBITDA (59.27) 10.42 1.12

Dividend

Metric CMCO HY Farm & Heavy Construction Machinery median
Dividend yield 1.91% 4.96% 1.34%
Payout ratio — — 0.30

Size

Metric CMCO HY Farm & Heavy Construction Machinery median
Market cap 433.26m 539.71m 808.87m

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