Hyster-Yale, Inc. (HY)

Hyster-Yale, Inc., through its subsidiaries, provides lift trucks, attachments, parts, fleet management services, and technology and energy solutions worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster, Yale, and Nuvera brands to independent Hyster and Yale retail dealerships. The company also offers lift truck attachments, forks, masts, and lift tables under the Bolzoni, Auramo, and Meyer brands, as well as parts under the UNISOURCE brand. In addition, it designs and produces specialized products in the port equipment and rough terrain forklift markets. The company was formerly known as Hyster-Yale Materials Handling, Inc. and changed its name to Hyster-Yale, Inc. in June 2024. Hyster-Yale, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.

Ticker: HY
Exchange: NYSE
Sector: Industrials
Industry: Farm & Heavy Construction Machinery
Market cap: $509.83M
52-week range: $26.41 - $41.30

Valuation

Share price: $28.41 (close of Nov 6, 2026)
P/E (TTM): -3.91x
Price to book: 1.37x
Price to free cash flow: 108.47x
Enterprise value: $1.06B
Book value per share: $20.81

Price performance

Period	Change
1 day	+5.42%
5 days	-0.28%
1 month	-11.58%
3 months	-23.09%
6 months	-22.99%
Year to date	-4.38%
1 year	-17.87%
3 years	-34.88%
5 years	-35.68%
10 years	-45.89%
All time	-29.89%

Short interest

As of: Oct 15, 2026
Short % of float: 6.42%
Shares short: 705.29K
Days to cover: 4.94
Change since prior report: +5.27%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -12.62%
Return on invested capital: -1.98%
Return on assets: -2.97%
Return on capital employed: -2.17%
Gross margin: 16.79%
Net margin: -1.59%
EBITDA margin: 0.63%
Revenue growth: -12.51%
Net income growth: -142.23%
Free cash flow growth: -80.80%

Cash flow and balance sheet

Free cash flow yield (TTM): 0.92%
Current ratio: 1.24x
Net debt to EBITDA: -14.22x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $3.77B
Cost of revenue: $3.14B
Gross profit: $632.80M
EBITDA: $23.70M
Net income: -$60.10M
Earnings per share: $-3.40
Research and development: $137.20M
Interest expense: $31.20M
Shares outstanding: 17.67M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$3.77B	$632.80M	-$60.10M	-$3.40
2024-12-31	$4.31B	$895.50M	$142.30M	$8.16
2023-12-31	$4.12B	$785.60M	$125.90M	$7.35
2022-12-31	$3.55B	$433.90M	-$74.10M	-$4.38
2021-12-31	$3.08B	$363.40M	-$173.00M	-$10.29
2020-12-31	$2.81B	$465.40M	$37.10M	$2.21
2019-12-31	$3.29B	$541.80M	$35.80M	$2.15
2018-12-31	$3.18B	$497.00M	$34.70M	$2.10
2017-12-31	$2.89B	$502.60M	$48.60M	$2.95
2016-12-31	$2.57B	$427.50M	$42.80M	$2.61

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	16.79%	-1.59%	-12.62%	-1.98%
2024-12-31	20.79%	3.30%	29.70%	16.65%
2023-12-31	19.08%	3.06%	32.12%	16.16%
2022-12-31	12.23%	-2.09%	-35.14%	-5.12%
2021-12-31	11.82%	-5.62%	-45.18%	-15.19%
2020-12-31	16.55%	1.32%	5.70%	4.42%
2019-12-31	16.46%	1.09%	6.20%	4.45%
2018-12-31	15.63%	1.09%	6.20%	4.31%
2017-12-31	17.42%	1.68%	8.49%	4.32%
2016-12-31	16.64%	1.67%	9.10%	5.46%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$123.20M	$473.40M
2024-12-31	$96.60M	$241.90M
2023-12-31	$78.80M	$241.30M
2022-12-31	$59.00M	$267.00M
2021-12-31	$65.50M	$261.70M
2020-12-31	$151.40M	$206.10M
2019-12-31	$64.60M	$204.70M
2018-12-31	$83.70M	$210.10M
2017-12-31	$220.10M	$216.20M
2016-12-31	$43.20M	$82.20M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$23.60M	$7.50M
2024-12-31	$122.90M	$23.60M
2023-12-31	$115.30M	$29.30M
2022-12-31	$11.80M	$6.40M
2021-12-31	-$297.80M	$4.00M
2020-12-31	$115.20M	$1.30M
2019-12-31	$27.00M	$8.20M
2018-12-31	$28.80M	$5.70M
2017-12-31	$123.70M	$8.80M
2016-12-31	-$91.60M	$4.90M

Dividend history

Most recent payment: Sep 1, 2026
Paid in the last twelve months: $1.45

Payment date	Dividend per share
2026-09-01	$0.36
2026-06-01	$0.36
2026-02-27	$0.36
2025-12-01	$0.36
2025-08-29	$0.36
2025-05-30	$0.36
2025-02-28	$0.35
2024-11-29	$0.35

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-05	Sep 2026	-$0.40
2026-08-04	Jun 2026	-$2.05
2026-05-05	Mar 2026	-$1.80
2026-03-03	Dec 2025	-$1.20
2025-11-04	Sep 2025	$0.03
2025-08-05	Jun 2025	$0.26
2025-05-06	Mar 2025	$0.47
2025-02-25	Dec 2024	$1.38

Filings and sources

Company website: hyster-yale.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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