HY · Hyster-Yale Materials Handling, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.77B | $4.31B | $4.12B | $3.55B | $3.08B | $2.81B |
| Cost of Revenue | $3.14B | $3.41B | $3.33B | $3.11B | $2.71B | $2.35B |
| Gross Profit | $632.80M | $895.50M | $785.60M | $433.90M | $363.40M | $465.40M |
| R&D | $137.20M | $135.90M | $119.70M | $100.70M | $108.30M | $100.50M |
| SG&A | $616.50M | $628.10M | $576.90M | $473.00M | $450.10M | $415.50M |
| Total Operating Expenses | $654.90M | $650.70M | $576.90M | $473.00M | $515.70M | $415.50M |
| D&A | $45.80M | $47.60M | $45.10M | $43.40M | $46.20M | $42.90M |
| Operating Income | ($22.10M) | $244.80M | $208.70M | ($39.10M) | ($152.30M) | $49.90M |
| Interest Expense | $31.20M | $33.80M | $37.30M | $28.40M | $15.50M | $13.70M |
| Income Tax | $15.10M | $74.80M | $52.90M | $9.20M | $28.30M | $3.70M |
| Net Income | ($60.10M) | $142.30M | $125.90M | ($74.10M) | ($173.00M) | $37.10M |
| EPS - Basic | ($3.40) | $8.16 | $7.35 | ($4.38) | ($10.29) | $2.21 |
| EPS - Diluted | ($3.40) | $8.04 | $7.24 | ($4.38) | ($10.29) | $2.21 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $123.20M | $96.60M | $78.80M | $64.60M | $65.50M | $151.40M |
| Accounts Receivable | $489.60M | $488.40M | $497.50M | $523.60M | $457.40M | $412.10M |
| Inventory | $634.30M | $754.30M | $815.70M | $799.50M | $781.00M | $509.40M |
| Accounts Payable | $396.10M | $447.80M | $523.50M | $585.80M | $517.00M | $412.00M |
| Current Assets | $1.35B | $1.43B | $1.49B | $1.46B | $1.35B | $1.13B |
| Total Assets | $2.02B | $2.03B | $2.08B | $2.03B | $1.97B | $1.86B |
| Current Liabilities | $1.00B | $1.06B | $1.22B | $1.34B | $1.10B | $755.90M |
| Long-term Debt | $241.90M | $241.30M | $267.00M | $261.70M | $490.30M | $206.10M |
| Total Liabilities | $1.53B | $1.54B | $1.67B | $1.80B | $1.59B | $1.21B |
| Stockholders' Equity | $472.00M | $475.10M | $389.90M | $204.40M | $357.10M | $616.90M |
| Retained Earnings | $289.10M | $374.60M | $256.30M | $152.70M | $248.60M | $443.20M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $86.10M | $170.70M | $150.70M | $40.60M | ($253.50M) | $166.90M |
| Investing Cash Flow | ($62.70M) | ($47.60M) | ($34.50M) | ($35.40M) | ($24.50M) | ($43.70M) |
| Financing Cash Flow | ($800.0K) | ($100.10M) | ($100.50M) | ($10.90M) | $193.60M | ($40.60M) |
| CapEx | $62.50M | $47.80M | $35.40M | $28.80M | $44.30M | $51.70M |
| Free Cash Flow | $23.60M | $122.90M | $115.30M | $11.80M | ($297.80M) | $115.20M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 16.8% | 20.8% | 19.1% | 12.2% | 11.8% | 16.5% |
| Operating margin | -0.6% | 5.7% | 5.1% | -1.1% | -5.0% | 1.8% |
| EBITDA margin | 0.6% | 6.8% | 6.2% | 0.1% | -3.4% | 3.3% |
| Net margin | -1.6% | 3.3% | 3.1% | -2.1% | -5.6% | 1.3% |
| Free cash flow margin | 0.6% | 2.9% | 2.8% | 0.3% | -9.7% | 4.1% |
| FCF / Net income | -0.39 | 0.86 | 0.92 | -0.16 | 1.72 | 3.11 |
| R&D / Revenue | 3.6% | 3.2% | 2.9% | 2.8% | 3.5% | 3.6% |
| SG&A / Revenue | 16.4% | 14.6% | 14.0% | 13.3% | 14.6% | 14.8% |
| Effective tax rate | - | 34.5% | 29.6% | - | - | 9.1% |
| Return on assets | -3.0% | 7.0% | 6.1% | -3.7% | -8.8% | 2.0% |
| Return on equity | -12.7% | 30.0% | 32.3% | -36.3% | -48.4% | 6.0% |
| Return on invested capital | -2.4% | 22.4% | 22.4% | -6.6% | -14.2% | 5.5% |
| Liquidity | ||||||
| Current ratio | 1.34 | 1.35 | 1.22 | 1.09 | 1.22 | 1.49 |
| Quick ratio | 0.71 | 0.64 | 0.55 | 0.49 | 0.52 | 0.82 |
| Cash ratio | 0.12 | 0.09 | 0.06 | 0.05 | 0.06 | 0.20 |
| Leverage | ||||||
| Debt / Equity | 0.51 | 0.51 | 0.68 | 1.28 | 1.37 | 0.33 |
| Debt / Assets | 0.12 | 0.12 | 0.13 | 0.13 | 0.25 | 0.11 |
| Debt / EBITDA | 10.21 | 0.83 | 1.05 | 60.86 | - | 2.22 |
| Interest coverage | -0.7x | 7.2x | 5.6x | -1.4x | -9.8x | 3.6x |
| Equity multiplier | 4.28 | 4.27 | 5.33 | 9.91 | 5.52 | 3.01 |
| Liabilities / Assets | 0.76 | 0.76 | 0.80 | 0.89 | 0.81 | 0.65 |
| Efficiency | ||||||
| Asset turnover | 1.87 | 2.12 | 1.98 | 1.75 | 1.56 | 1.51 |
| Inventory turnover | 4.94 | 4.52 | 4.09 | 3.90 | 3.47 | 4.61 |
| Days sales outstanding | 47d | 41d | 44d | 54d | 54d | 53d |
| Days inventory outstanding | 74d | 81d | 89d | 94d | 105d | 79d |
| Days payable outstanding | 46d | 48d | 57d | 69d | 70d | 64d |
| Cash conversion cycle | 75d | 74d | 76d | 79d | 90d | 69d |
| Valuation | ||||||
| P / E | - | 6.3x | 8.6x | - | - | 26.9x |
| P / B | 1.1x | 1.9x | 2.8x | 2.1x | 1.9x | 1.6x |
| P / S | 0.1x | 0.2x | 0.3x | 0.1x | 0.2x | 0.4x |
| EV / EBITDA | 27.2x | 3.6x | 5.0x | 145.3x | - | 11.4x |
| Growth | ||||||
| Revenue growth (YoY) | -12.5% | 4.6% | 16.1% | 15.4% | 9.4% | -14.6% |
| Revenue CAGR (3y) | 2.0% | 11.9% | 13.6% | 2.5% | -1.0% | -0.9% |
| Revenue CAGR (5y) | 6.0% | 5.5% | 5.3% | 4.2% | 3.7% | 1.8% |
| Gross profit growth (YoY) | -29.3% | 14.0% | 81.1% | 19.4% | -21.9% | -14.1% |
| Operating income growth (YoY) | - | 17.3% | - | 74.3% | - | -7.4% |
| Net income growth (YoY) | - | 13.0% | - | 57.2% | - | 3.6% |
| EPS growth (YoY) | - | 11.0% | - | 57.4% | - | 3.3% |
| EPS CAGR (3y) | - | - | 48.5% | - | - | -9.1% |
| EPS CAGR (5y) | - | 30.3% | 28.2% | - | - | -13.5% |
| FCF growth (YoY) | -80.8% | 6.6% | 877.1% | - | - | 326.7% |
| FCF CAGR (5y) | -27.2% | 35.4% | 32.0% | - | - | 21.9% |
| Book value growth (YoY) | -0.7% | 21.9% | 90.8% | -42.8% | -42.1% | 13.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$7.47B totalLifttruckbusiness$3.57B · 47.8%
Americas HY$2.82B · 37.7%
EMEAHY$569.90M · 7.6%
Bolzoni$333.10M · 4.5%
JAPIC$183.50M · 2.5%
Product / service
$919.00M totalAftermarketsales$758.30M · 82.5%
Otherrevenue$160.70M · 17.5%
Geographic
$3.77B totalUS$2.53B · 67.1%
EMEA$689.30M · 18.3%
Segment Geographical Groups Of Countries Group Three$550.10M · 14.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.20
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Industrial Trucks, Tractors, Trailors & Stackers
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| TEX | $5.42B | 4.1% | 10.5% |
Comparing HYSTER-YALE MATERIALS HANDLING against the 1 most active filer in the same SIC group.
Dividends
$1.44/share trailing 12 months · +2.5% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.3650 |
| Feb 27, 2026 | $0.3600 |
| Dec 1, 2025 | $0.3600 |
| Aug 29, 2025 | $0.3600 |
| May 30, 2025 | $0.3600 |
| Feb 28, 2025 | $0.3500 |
| Nov 29, 2024 | $0.3500 |
| Aug 30, 2024 | $0.3500 |
| May 31, 2024 | $0.3500 |
| Feb 29, 2024 | $0.3250 |
| Nov 30, 2023 | $0.3250 |
| Aug 31, 2023 | $0.3250 |
| May 31, 2023 | $0.3250 |
| Feb 28, 2023 | $0.3230 |
| Nov 30, 2022 | $0.3230 |
| Aug 31, 2022 | $0.3230 |
| May 31, 2022 | $0.3230 |
| Mar 7, 2022 | $0.3230 |
| Nov 30, 2021 | $0.3230 |
| Aug 31, 2021 | $0.3230 |
| May 28, 2021 | $0.3230 |
| Feb 26, 2021 | $0.3180 |
| Nov 30, 2020 | $0.3180 |
| Aug 31, 2020 | $0.3180 |