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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $795.20M | - | $979.10M | $956.60M | $910.40M | - | $1.02B | $1.17B | $1.06B | - |
| Cost of Revenue | $670.40M | - | $823.20M | $788.40M | $732.70M | - | $823.20M | $908.80M | $820.80M | - |
| Gross Profit | $124.80M | - | $155.90M | $168.20M | $177.70M | - | $192.90M | $259.30M | $235.70M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $151.20M | - | $152.60M | $161.00M | $156.20M | - | $159.80M | $163.70M | $151.90M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $11.30M | - | $11.70M | $12.40M | $11.00M | - | - | - | $11.70M | - |
| Operating Income | ($28.00M) | - | $2.30M | ($8.50M) | $21.30M | - | $33.10M | $95.60M | $83.80M | - |
| Interest Expense | $7.20M | - | $8.00M | $7.90M | $7.70M | - | $8.40M | $8.80M | $8.90M | - |
| Income Tax | ($1.80M) | - | ($2.90M) | $200.0K | $8.10M | - | $10.30M | $26.10M | $25.10M | - |
| Net Income | ($30.50M) | - | ($2.30M) | ($13.90M) | $8.60M | - | $17.20M | $63.30M | $51.50M | - |
| EPS - Basic | ($1.71) | - | ($0.13) | ($0.79) | $0.49 | - | $0.98 | $3.62 | $2.97 | - |
| EPS - Diluted | ($1.71) | - | ($0.13) | ($0.79) | $0.48 | - | $0.97 | $3.58 | $2.93 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $81.80M | $123.20M | $71.10M | $66.90M | $77.20M | $96.60M | $75.60M | $66.50M | $62.20M | $78.80M |
| Accounts Receivable | $471.20M | $489.60M | $520.60M | $512.10M | $506.10M | $488.40M | $542.50M | $578.70M | $520.50M | $497.50M |
| Inventory | $643.80M | $634.30M | $740.30M | $776.60M | $772.70M | $754.30M | $855.30M | $790.70M | $841.90M | $815.70M |
| Accounts Payable | $399.90M | $396.10M | $472.00M | $465.20M | $464.00M | $447.80M | $527.90M | $506.70M | $565.90M | $523.50M |
| Current Assets | $1.31B | $1.35B | $1.44B | $1.46B | $1.45B | $1.43B | $1.56B | $1.53B | $1.53B | $1.49B |
| Total Assets | $1.96B | $2.02B | $2.06B | $2.08B | $2.06B | $2.03B | $2.17B | $2.12B | $2.12B | $2.08B |
| Current Liabilities | $992.90M | $1.00B | $1.04B | $1.04B | $1.05B | $1.06B | $1.15B | $1.17B | $1.22B | $1.22B |
| Long-term Debt | $484.40M | $473.40M | $444.90M | $450.20M | - | $241.90M | $443.20M | $475.80M | $448.10M | $241.30M |
| Total Liabilities | $1.51B | $1.53B | $1.51B | $1.51B | $1.53B | $1.54B | $1.62B | $1.63B | $1.69B | $1.67B |
| Stockholders' Equity | $430.10M | $472.00M | $536.00M | $544.70M | $510.00M | $475.10M | $529.90M | $465.70M | $412.10M | $389.90M |
| Retained Earnings | $252.20M | $289.10M | $348.10M | $356.70M | $377.00M | $374.60M | $370.40M | $359.30M | $302.10M | $256.30M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($32.90M) | - | - | - | ($36.40M) | - | - | - | $22.40M | - |
| Investing Cash Flow | ($9.30M) | - | - | - | ($10.30M) | - | - | - | ($7.00M) | - |
| Financing Cash Flow | $1.30M | - | - | - | $25.90M | - | - | - | ($30.50M) | - |
| CapEx | $9.80M | - | - | - | $10.60M | - | - | - | $7.50M | - |
| Free Cash Flow | ($42.70M) | - | - | - | ($47.00M) | - | - | - | $14.90M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 15.7% | - | 15.9% | 17.6% | 19.5% | - | 19.0% | 22.2% | 22.3% | - |
| Operating margin | -3.5% | - | 0.2% | -0.9% | 2.3% | - | 3.3% | 8.2% | 7.9% | - |
| EBITDA margin | -2.1% | - | 1.4% | 0.4% | 3.5% | - | - | - | 9.0% | - |
| Net margin | -3.8% | - | -0.2% | -1.5% | 0.9% | - | 1.7% | 5.4% | 4.9% | - |
| Free cash flow margin | -5.4% | - | - | - | -5.2% | - | - | - | 1.4% | - |
| FCF / Net income | 1.40 | - | - | - | -5.47 | - | - | - | 0.29 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.0% | - | 15.6% | 16.8% | 17.2% | - | 15.7% | 14.0% | 14.4% | - |
| Effective tax rate | - | - | - | - | 48.5% | - | 37.5% | 29.2% | 32.8% | - |
| Return on assets | -1.6% | - | -0.1% | -0.7% | 0.4% | - | 0.8% | 3.0% | 2.4% | - |
| Return on equity | -7.1% | - | -0.4% | -2.6% | 1.7% | - | 3.2% | 13.6% | 12.5% | - |
| Return on invested capital | -2.4% | - | 0.2% | -0.7% | - | - | 2.1% | 7.2% | 6.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.31 | 1.34 | 1.39 | 1.40 | 1.38 | 1.35 | 1.36 | 1.31 | 1.25 | 1.22 |
| Quick ratio | 0.67 | 0.71 | 0.68 | 0.65 | 0.65 | 0.64 | 0.61 | 0.63 | 0.56 | 0.55 |
| Cash ratio | 0.08 | 0.12 | 0.07 | 0.06 | 0.07 | 0.09 | 0.07 | 0.06 | 0.05 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | 1.13 | 1.00 | 0.83 | 0.83 | - | 0.51 | 0.84 | 1.02 | 1.09 | 0.62 |
| Debt / Assets | 0.25 | 0.23 | 0.22 | 0.22 | - | 0.12 | 0.20 | 0.22 | 0.21 | 0.12 |
| Debt / EBITDA | - | - | 31.78 | 115.44 | - | - | - | - | 4.69 | - |
| Interest coverage | -3.9x | - | 0.3x | -1.1x | 2.8x | - | 3.9x | 10.9x | 9.4x | - |
| Equity multiplier | 4.55 | 4.28 | 3.84 | 3.81 | 4.03 | 4.27 | 4.10 | 4.54 | 5.14 | 5.33 |
| Liabilities / Assets | 0.77 | 0.76 | 0.73 | 0.73 | 0.74 | 0.76 | 0.75 | 0.77 | 0.80 | 0.80 |
| Efficiency | ||||||||||
| Asset turnover | 0.41 | - | 0.48 | 0.46 | 0.44 | - | 0.47 | 0.55 | 0.50 | - |
| Inventory turnover | 1.04 | - | 1.11 | 1.02 | 0.95 | - | 0.96 | 1.15 | 0.97 | - |
| Days sales outstanding | 216d | - | 194d | 195d | 203d | - | 195d | 181d | 180d | - |
| Days inventory outstanding | 351d | - | 328d | 360d | 385d | - | 379d | 318d | 374d | - |
| Days payable outstanding | 218d | - | 209d | 215d | 231d | - | 234d | 204d | 252d | - |
| Cash conversion cycle | 349d | - | 313d | 340d | 357d | - | 340d | 295d | 303d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 86.5x | - | 65.7x | 19.5x | 21.9x | - |
| P / B | 1.3x | - | 1.2x | 1.3x | 1.4x | - | 2.1x | 2.6x | 2.7x | - |
| P / S | 0.7x | - | 0.7x | 0.7x | 0.8x | - | 1.1x | 1.1x | 1.1x | - |
| EV / EBITDA | - | - | 73.3x | 278.9x | 20.5x | - | - | - | 15.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -12.7% | - | -3.6% | -18.1% | -13.8% | - | 1.5% | 7.1% | - | - |
| Revenue CAGR (3y) | - | - | 5.2% | - | 0.6% | - | 10.7% | 15.1% | 13.0% | - |
| Revenue CAGR (5y) | 1.7% | - | 8.5% | 7.9% | 3.0% | - | 5.8% | 6.4% | 4.8% | - |
| Gross profit growth (YoY) | -29.8% | - | -19.2% | -35.1% | -24.6% | - | -5.3% | 31.0% | - | - |
| Operating income growth (YoY) | - | - | -93.1% | - | -74.6% | - | -43.5% | 62.6% | - | - |
| Net income growth (YoY) | - | - | - | - | -83.3% | - | -52.0% | 65.3% | - | - |
| EPS growth (YoY) | - | - | - | - | -83.6% | - | -52.9% | 62.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | 219.3% | 107.1% | - |
| EPS CAGR (5y) | - | - | - | - | -12.0% | - | 5.0% | 29.8% | 71.1% | - |
| FCF growth (YoY) | 9.1% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -15.7% | -0.7% | 1.2% | 17.0% | 23.8% | 21.9% | 74.1% | 60.3% | - | 90.8% |
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%
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 |