Hyster-Yale Materials Handling, Inc. (HY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$1.13	-$1.64	-45.1%	—	$812.9M	—
Q1 26	-$1.8	-$1.64	+8.9%	—	$795.2M	—
Q4 25	-$1.23	-$2.06	-67.5%	—	$923.2M	—
Q3 25	-$0.14	-$0.09	+35.7%	—	$979.1M	—
Q2 25	$0.6	-$0.79	-231.7%	—	$956.6M	—
Q1 25	$0.49	$0.48	-2.0%	—	$910.4M	—
Q4 24	$1.4	$1.47	+5.0%	—	$1.1B	—
Q3 24	$1.99	$0.97	-51.3%	—	$1B	—
Q2 24	$2.28	$3.58	+57.0%	—	$1.2B	—
Q1 24	$2.49	$2.93	+17.7%	—	$1.1B	—
Q4 23	$1.75	$1.43	-18.3%	—	$1B	—
Q3 23	$0.5	$2.06	+312.0%	—	$1B	—
Q2 23	$0.77	$2.21	+187.0%	—	$1.1B	—
Q1 23	$0.38	$1.55	+307.9%	—	$999.3M	—
Q4 22	-$0.22	$0.44	+300.0%	—	$985.2M	—
Q3 22	-$2.08	-$2.2	-5.8%	—	$840.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$3.4	—	—	$3.8B	—
FY24	—	$8.16	—	—	$4.3B	—
FY23	—	$7.35	—	—	$4.1B	—
FY22	—	-$4.38	—	—	$3.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.6B	$2.9B	$3.2B	$3.3B	$2.8B	$3.1B	$3.5B	$4.1B	$4.3B	$3.8B
YoY change	-0.33%	+12.3%	+10.2%	+3.55%	-14.6%	+9.37%	+15.4%	+16.1%	+4.61%	-12.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.6B	2.9B	3.2B	3.3B	2.8B	3.1B	3.5B	4.1B	4.3B	3.8B
Cost of revenue	2.1B	2.4B	2.7B	2.8B	2.3B	2.7B	3.1B	3.3B	3.4B	3.1B
Gross profit	427.5M	502.6M	497M	541.8M	465.4M	363.4M	433.9M	785.6M	895.5M	632.8M
Gross margin	16.6%	17.4%	15.6%	16.5%	16.5%	11.8%	12.2%	19.1%	20.8%	16.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	394.6M	428.5M	458.2M	487.9M	415.5M	450.1M	473M	576.9M	628.1M	616.5M
Operating expenses	394.6M	428.5M	458.2M	487.9M	415.5M	450.1M	473M	576.9M	628.1M	616.5M
Operating income	32.9M	74.1M	38.8M	53.9M	49.9M	-86.7M	-39.1M	208.7M	267.4M	16.3M
Operating margin	1.28%	2.57%	1.22%	1.64%	1.77%	-2.82%	-1.1%	5.07%	6.21%	0.43%
Non-operating income, net	12.1M	34.3M	13.8M	13.8M	6M	-52.7M	5.1M	9.6M	-14.6M	-28M
Pretax income	38.3M	93.8M	36.6M	47.9M	42.2M	-154.9M	-62.4M	181M	219M	-42.9M
Income tax	-4M	44.9M	2.3M	11.3M	3.7M	28.3M	9.2M	52.9M	74.8M	15.1M
Net income	42.3M	48.9M	34.3M	36.6M	38.5M	-183.2M	-71.6M	128.1M	144.2M	-58M
Net margin	1.65%	1.69%	1.08%	1.11%	1.37%	-5.96%	-2.02%	3.11%	3.35%	-1.54%
EBITDA	84.1M	151.2M	96.6M	111M	98.8M	-27.6M	9.4M	263.4M	323M	72.5M
EPS	2.61	2.95	2.1	2.15	2.21	-10.3	-4.38	7.35	8.16	-3.4
Diluted EPS	2.61	2.94	2.09	2.14	2.21	-10.3	-4.38	7.24	8.04	-3.4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1B	1B	1.1B	1.2B	1B	1.1B	910.4M	956.6M	979.1M	923.2M	795.2M	812.9M
Cost of revenue	797.6M	817.5M	820.8M	908.8M	823.2M	859.9M	732.7M	788.4M	823.2M	792.2M	670.4M	685.3M
Gross profit	203.6M	209.7M	235.7M	259.3M	192.9M	207.6M	177.7M	168.2M	155.9M	131M	124.8M	127.6M
Gross margin	20.3%	20.4%	22.3%	22.2%	19%	19.4%	19.5%	17.6%	15.9%	14.2%	15.7%	15.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	145M	161M	151.9M	163.7M	159.8M	152.7M	156.2M	161M	152.6M	146.7M	151.2M	144.3M
Operating expenses	145M	161M	151.9M	163.7M	159.8M	152.7M	156.2M	161M	152.6M	146.7M	151.2M	144.3M
Operating income	58.6M	48.7M	83.8M	95.6M	33.1M	54.9M	21.5M	7.2M	3.3M	-15.7M	-26.4M	-16.7M
Operating margin	5.85%	4.74%	7.93%	8.18%	3.26%	5.14%	2.36%	0.75%	0.34%	-1.7%	-3.32%	-2.05%
Non-operating income, net	3.6M	2.1M	2M	3.2M	3.4M	-23.2M	3M	-12.5M	100K	-18.6M	1.5M	1.3M
Pretax income	52.6M	41.7M	76.9M	90M	28.1M	24M	16.8M	-13.2M	-4.6M	-41.9M	-32.1M	-23.2M
Income tax	16.2M	16M	25.1M	26.1M	10.3M	13.3M	8.1M	200K	-2.9M	9.7M	-1.8M	8.1M
Net income	36.4M	25.7M	51.8M	63.9M	17.8M	10.7M	8.7M	-13.4M	-1.7M	-51.6M	-30.3M	-31.3M
Net margin	3.64%	2.5%	4.9%	5.47%	1.75%	1%	0.96%	-1.4%	-0.17%	-5.59%	-3.81%	-3.85%
EBITDA	73.5M	62.1M	97.5M	111.2M	48.2M	43.5M	35.7M	22.2M	15.7M	-1.1M	-12M	-2.8M
EPS	2.08	—	2.97	3.62	0.98	—	0.49	-0.79	-0.13	-2.96	-1.71	-1.76
Diluted EPS	2.06	—	2.93	3.58	0.97	—	0.48	-0.79	-0.13	-2.96	-1.71	-1.76

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1B	1.4B	1B	981.4M	999M	691.2M	427.8M	1.1B	888.3M	525M	571M
Enterprise value	1.2B	1.5B	1.2B	1.2B	1.1B	1.1B	921.7M	1.5B	1.3B	1B	999M
Shares outstanding	16.4M	16.4M	16.5M	16.6M	16.8M	16.8M	16.9M	17.1M	17.4M	17.7M	17.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.7	28.6	29.9	26.8	25.9	—	—	8.32	6.16	—	278.6
P/S	0.41	0.49	0.32	0.3	0.36	0.22	0.12	0.26	0.21	0.14	0.16
P/B	2.22	2.45	1.83	1.7	1.53	1.81	1.9	2.62	1.8	1.07	1.46
EV/EBITDA	14.4	9.73	12.9	10.8	11.5	-41.5	98	5.62	4.13	14.4	-20.6
EV/Sales	0.47	0.51	0.39	0.37	0.4	0.37	0.26	0.36	0.31	0.28	0.28
Earnings yield	4.05%	3.49%	3.35%	3.73%	3.85%	—	—	12%	16.2%	—	0.36%
FCF yield	-8.77%	8.83%	2.81%	2.75%	11.5%	-43.1%	2.76%	10.8%	13.8%	4.5%	7.56%
PEG	—	—	—	—	—	—	—	—	—	—	2.27

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.6%	17.4%	15.6%	16.5%	16.5%	11.8%	12.2%	19.1%	20.8%	16.8%	15.7%
Operating margin	1.28%	2.57%	1.22%	1.64%	1.77%	-2.82%	-1.1%	5.07%	6.21%	0.43%	-6.46%
Net margin	1.65%	1.69%	1.08%	1.11%	1.37%	-5.96%	-2.02%	3.11%	3.35%	-1.54%	-3.33%
ROE	8.99%	8.54%	6.13%	6.34%	5.91%	-47.8%	-31.8%	31.5%	29.2%	-11.8%	-23.6%
ROA	3.29%	2.97%	1.97%	1.98%	2.07%	-9.3%	-3.53%	6.16%	7.11%	-2.87%	-2.93%
ROIC	5.15%	6.01%	4.68%	5.15%	5.77%	-10.4%	-5.44%	18%	18.7%	1.61%	-6.63%
Return on tangible assets	3.94%	3.45%	2.47%	2.42%	2.54%	-10.4%	-3.9%	6.76%	7.78%	-3.14%	-6.54%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.41	1.63	1.46	1.41	1.49	1.22	1.09	1.22	1.35	1.34	1.28
Quick ratio	0.79	1.04	0.77	0.73	0.82	0.52	0.49	0.55	0.64	0.71	0.65
Debt / equity	0.45	0.51	0.54	0.5	0.44	1.35	2.46	1.21	1.1	1.3	1.22
Debt / assets	0.16	0.18	0.17	0.16	0.16	0.26	0.27	0.24	0.27	0.32	0.26
Net debt / EBITDA	2	0.47	2.25	2	1.39	-16.4	52.5	1.58	1.38	7.16	-2.1K
Interest coverage	6.72	7.42	3.29	3.42	4.08	-8.99	-1.2	5.85	7.48	-0.38	-2.33
Effective tax rate	0%	47.9%	6.28%	23.6%	8.77%	0%	0%	29.2%	34.2%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	156.9	175.4	192.2	197.8	167.6	182.9	209.9	240.3	247	213.3	197.3
EPS (basic)	2.61	2.95	2.1	2.15	2.21	-10.3	-4.38	7.35	8.16	-3.4	-3.4
EPS (diluted)	2.61	2.94	2.09	2.14	2.21	-10.3	-4.38	7.24	8.04	-3.4	-6.58
Book value per share	28.7	34.8	33.8	34.7	38.8	22.8	13.3	23.7	28.3	27.9	21.8
FCF per share	-5.59	7.52	1.74	1.62	6.87	-17.7	0.7	6.73	7.05	1.34	0.83
Cash per share	2.64	13.4	5.06	3.88	9.03	3.89	3.49	4.6	5.54	6.97	4.25
Capex per share	2.61	2.49	2.35	2.99	3.08	2.63	—	—	—	3.54	3.49

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.66%	1.42%	1.22%	1.51%	1.84%	1.44%	—	—	—	1.66%	1.78%
Capex / operating cash flow	-79.5%	26.1%	84.9%	69.5%	32.1%	-13.6%	—	—	—	72.6%	80.9%
Payout ratio	45.4%	40.5%	59.5%	57.4%	55.3%	-11.8%	-30.4%	17.4%	16.6%	-43.8%	1K%
Dividend yield	1.84%	1.41%	1.99%	2.14%	2.13%	3.12%	5.1%	2.09%	2.7%	4.84%	4.58%

Yield

4.58%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.365

ex-dividend Sep 1, 2026

Payout ratio

1014%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.365
Jun 1, 2026	$0.365
Feb 27, 2026	$0.36
Dec 1, 2025	$0.36

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1B	$1B	$1.1B	$1.2B	$1B	$1.1B	$910.4M	$956.6M	$979.1M	$923.2M	$795.2M	$812.9M
YoY change	+19.2%	+4.26%	+5.72%	+7.11%	+1.49%	+3.92%	-13.8%	-18.1%	-3.64%	-13.5%	-12.7%	-15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	43.2M	220.1M	83.7M	64.6M	151.4M	65.5M	59M	78.8M	96.6M	123.2M
Receivables	375.3M	453M	465.5M	468.3M	412.1M	457.4M	523.6M	497.5M	488.4M	489.6M
Inventory	352.2M	411.9M	533.6M	559.9M	509.4M	781M	799.5M	815.7M	754.3M	634.3M
Total current assets	810M	1.1B	1.1B	1.2B	1.1B	1.4B	1.5B	1.5B	1.4B	1.3B
Property, plant & equipment	255.1M	265.4M	296.2M	308.5M	340.4M	330.5M	310M	313.9M	306.7M	329M
Goodwill & intangibles	213.8M	230.4M	352M	333.6M	346.4M	214.4M	188M	185.2M	175.4M	176M
Total assets	1.3B	1.6B	1.7B	1.8B	1.9B	2B	2B	2.1B	2B	2B
Accounts payable	242.4M	385.8M	415.5M	401.5M	412M	517M	585.8M	523.5M	447.8M	396.1M
Short-term debt	129M	74.5M	91.4M	82.3M	83.1M	256.8M	285.9M	252.7M	214.7M	262.3M
Total current liabilities	576.5M	692.4M	776.2M	817M	755.9M	1.1B	1.3B	1.2B	1.1B	1B
Long-term debt	82.2M	216.2M	210.1M	204.7M	206.1M	261.7M	267M	241.3M	327.1M	379.9M
Total liabilities	816.7M	1.1B	1.2B	1.3B	1.2B	1.6B	1.8B	1.7B	1.5B	1.5B
Shareholders' equity	470.4M	572.4M	559.5M	577M	651.1M	382.9M	225.1M	406.8M	494.1M	492.4M
Total debt	211.2M	290.7M	301.5M	287M	289.2M	518.5M	552.9M	494M	541.8M	642.2M
Net debt	168M	70.6M	217.8M	222.4M	137.8M	453M	493.9M	415.2M	445.2M	519M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	78.2M	78.8M	62.2M	66.5M	75.6M	96.6M	77.2M	66.9M	71.1M	123.2M	81.8M	72.6M
Receivables	512M	497.5M	520.5M	578.7M	542.5M	488.4M	506.1M	512.1M	520.6M	489.6M	471.2M	484.8M
Inventory	815.4M	815.7M	841.9M	790.7M	855.3M	754.3M	772.7M	776.6M	740.3M	634.3M	643.8M	627.5M
Total current assets	1.5B	1.5B	1.5B	1.5B	1.6B	1.4B	1.5B	1.5B	1.4B	1.3B	1.3B	1.3B
Property, plant & equipment	—	313.9M	—	—	—	306.7M	—	—	—	329M	—	—
Goodwill & intangibles	181.6M	185.2M	178.6M	175M	189M	175.4M	168.4M	178.6M	177M	176M	171.2M	171.6M
Total assets	2.1B	2.1B	2.1B	2.1B	2.2B	2B	2.1B	2.1B	2.1B	2B	2B	1.9B
Accounts payable	540.2M	523.5M	565.9M	506.7M	527.9M	447.8M	464M	465.2M	472M	396.1M	399.9M	414.3M
Short-term debt	267.4M	252.7M	235.1M	253.4M	221.1M	214.7M	241.4M	228M	215.6M	262.3M	254.2M	240.8M
Total current liabilities	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1B	1B	1B	992.9M	999.6M
Long-term debt	243.2M	241.3M	239.7M	248.5M	247.4M	327.1M	242.6M	245.2M	252.2M	379.9M	251.1M	259.2M
Total liabilities	1.7B	1.7B	1.7B	1.6B	1.6B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B
Shareholders' equity	320.6M	406.8M	429.3M	482.1M	549M	494.1M	529.4M	563.4M	555.4M	492.4M	450.9M	410M
Total debt	510.6M	494M	474.8M	501.9M	468.5M	541.8M	484M	473.2M	467.8M	642.2M	505.3M	500M
Net debt	432.4M	415.2M	412.6M	435.4M	392.9M	445.2M	406.8M	406.3M	396.7M	519M	423.5M	427.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	42.3M	48.9M	34.3M	36.6M	38.5M	-183.2M	-71.6M	128.1M	144.2M	-58M
Depreciation & amortization	39.1M	42.8M	44M	43.3M	42.9M	46.2M	43.4M	45.1M	47.6M	45.8M
Stock-based compensation	4.9M	8.8M	5.7M	8.2M	1.3M	4M	6.4M	29.3M	23.6M	7.5M
Change in working capital	-112.6M	55.8M	-36.2M	-26.6M	70.9M	-180.8M	39.6M	-98.4M	-97.7M	27.2M
Operating cash flow	-53.7M	157.3M	45.7M	71.5M	161.1M	-324.6M	25M	140.2M	166.3M	86.1M
Capital expenditure	-42.7M	-41M	-38.8M	-49.7M	-51.7M	-44.3M	—	—	—	-62.5M
Investing cash flow	-145.1M	-47.3M	-110.9M	-42M	-43.7M	-24.5M	-6.6M	900K	200K	-62.7M
Dividends paid	-19.2M	-19.8M	-20.4M	-21M	-21.3M	-21.6M	-21.8M	-22.3M	-24M	-25.4M
Share repurchases	0	—	—	—	—	—	—	—	-14M	-4.5M
Financing cash flow	77.9M	53.1M	-87.6M	-51.6M	-40.6M	193.6M	-10.9M	-100.5M	-100.1M	-800K
Net change in cash	-120.9M	163.1M	-152.8M	-22.1M	76.8M	-155.5M	7.5M	40.6M	66.4M	22.6M
Free cash flow	-91.6M	123.7M	28.8M	27M	115.2M	-297.8M	11.8M	115.3M	122.9M	23.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	36.4M	25.7M	51.8M	63.9M	17.8M	10.7M	8.7M	-13.4M	-1.7M	-51.6M	-30.3M	-31.3M
Depreciation & amortization	11.3M	11.3M	11.7M	12.4M	11.7M	11.8M	11M	11.8M	11.3M	11.7M	11.3M	10.9M
Stock-based compensation	3.2M	15.3M	9.2M	8.2M	4.5M	1.7M	3.5M	2.7M	2.1M	-800K	4.4M	1.4M
Change in working capital	1.2M	-27.7M	-58.7M	-91.8M	20.7M	32.1M	-73.5M	7.7M	27.4M	65.6M	-14.7M	41.6M
Operating cash flow	60.3M	45.6M	18M	-2.5M	70.1M	80.7M	-44.4M	28.9M	37.1M	56.5M	-32.9M	16.7M
Capital expenditure	—	—	—	—	—	—	—	-13.8M	-14.5M	-23.6M	-9.8M	-14.7M
Investing cash flow	400K	700K	500K	500K	-1.8M	1M	300K	-12.7M	-14.2M	-22.9M	-9.3M	-14.2M
Dividends paid	-5.6M	-5.6M	-5.7M	-6.1M	-6.1M	-6.1M	-6.2M	-6.4M	-6.3M	-6.5M	-6.4M	-6.6M
Share repurchases	0	—	-9.1M	0	0	-4.9M	-4.5M	100K	-100K	0	-700K	0
Financing cash flow	-40.2M	-31.5M	-30.5M	20.4M	-50.8M	-37.9M	25.9M	-22.8M	-18.1M	17.6M	1.3M	-10M
Net change in cash	20.5M	14.8M	-12M	18.4M	17.5M	43.8M	-18.2M	-6.6M	4.8M	51.2M	-40.9M	-7.5M
Free cash flow	52M	29.1M	14.9M	-14.7M	59.9M	62.8M	-47M	15.1M	22.6M	32.9M	-42.7M	2M

Hyster-Yale Materials Handling, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement