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 $552.6M against $462.7M — 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 (1.88% vs 0.84%). 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 23.38
P/S 0.33 0.16 0.81
P/B 0.86 1.41 1.43
Price to free cash flow n/m 33.12 25.31
EV/EBITDA n/m n/m 12.13
EV/Sales 1.86 0.25 1.20
Earnings yield (65.33%) (21.12%) 2.73%
Free cash flow yield (24.66%) 3.02% 3.02%

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%) 4.16%
Return on assets (8.35%) (5.84%) 1.45%
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%) —
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 0.84% 1.88% 1.45%
Payout ratio 0.16 0.64 0.08

Size

Metric CMCO HY Farm & Heavy Construction Machinery median
Market cap 462.69m 552.62m 772.81m

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