NYSE : HY
Hyster-Yale, Inc. — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 28.49 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 510.84M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Hyster-Yale, Inc. (HY) reported revenue of 3.51B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.51B | 3.77B | 4.31B | 4.12B | 3.55B | 3.08B |
| Cost of Revenue | 3.01B | 3.14B | 3.41B | 3.33B | 3.11B | 2.71B |
| Gross Profit | 504.30M | 632.80M | 895.50M | 785.60M | 433.90M | 363.40M |
| Selling, General & Admin | 598.10M | 620.00M | 631.60M | 579.80M | 477.80M | 455.50M |
| Operating Expenses | 598.10M | 620.00M | 631.60M | 579.80M | 477.80M | 455.50M |
| Operating Income | -93.80M | 12.80M | 263.90M | 205.80M | -43.90M | -92.10M |
| Interest Expense | -30.60M | -31.20M | -33.80M | -37.30M | -28.40M | -15.50M |
| Earnings From Equity Investments | 10.80M | 10.40M | 5.50M | 9.80M | 11.00M | 11.70M |
| Other Non Operating Income (Expenses) | 2.60M | 3.50M | 6.00M | 2.70M | -100.00K | 2.10M |
| EBT Excluding Unusual Items | -111.00M | -4.50M | 241.60M | 181.00M | -61.40M | -93.80M |
| Merger & Restructuring Charges | -25.80M | -38.40M | -22.60M | |||
| Impairment of Goodwill | -55.60M | |||||
| Gain (Loss) on Sale of Investments | -1.00M | 4.40M | ||||
| Gain (Loss) on Sale of Assets | 100.00K | |||||
| Asset Writedown | -10.00M | |||||
| Pretax Income | -101.80M | -42.90M | 219.00M | 181.00M | -62.40M | -154.90M |
| Income Tax Expense | 13.10M | 15.10M | 74.80M | 52.90M | 9.20M | 28.30M |
| Earnings From Continuing Operations | -114.90M | -58.00M | 144.20M | 128.10M | -71.60M | -183.20M |
| Minority Interest in Earnings | -2.00M | -2.10M | -1.90M | -2.20M | -2.50M | 10.20M |
| Net Income | -116.90M | -60.10M | 142.30M | 125.90M | -74.10M | -173.00M |
| Net Income to Common | -116.90M | -60.10M | 142.30M | 125.90M | -74.10M | -173.00M |
| Shares Outstanding (Basic) | 17.79M | 17.67M | 17.44M | 17.14M | 16.90M | 16.82M |
| Shares Outstanding (Diluted) | 17.79M | 17.67M | 17.71M | 17.39M | 16.90M | 16.82M |
| EPS (Basic) | -6.57 | -3.40 | 8.16 | 7.35 | -4.38 | -10.29 |
| EPS (Diluted) | -6.57 | -3.40 | 8.04 | 7.24 | -4.38 | -10.29 |
| Free Cash Flow | 14.80M | 23.60M | 122.90M | 115.30M | 11.80M | -297.80M |
| Free Cash Flow Per Share | 0.83 | 1.34 | 6.94 | 6.63 | 0.70 | -17.71 |
| Dividend Per Share | 1.45 | 1.43 | 1.38 | 1.30 | 1.29 | 1.28 |
| Gross Margin | 14.37% | 16.79% | 20.79% | 19.08% | 12.23% | 11.82% |
| Operating Margin | -2.67% | 0.34% | 6.13% | 5.00% | -1.24% | -2.99% |
| Profit Margin | -3.33% | -1.59% | 3.30% | 3.06% | -2.09% | -5.62% |
| Free Cash Flow Margin | 0.42% | 0.63% | 2.85% | 2.80% | 0.33% | -9.68% |
| EBITDA | -48.60M | 58.60M | 311.50M | 250.90M | -500.00K | -45.90M |
| EBITDA Margin | -1.38% | 1.55% | 7.23% | 6.09% | -0.01% | -1.49% |
| D&A For EBITDA | 45.20M | 45.80M | 47.60M | 45.10M | 43.40M | 46.20M |
| EBIT | -93.80M | 12.80M | 263.90M | 205.80M | -43.90M | -92.10M |
| EBIT Margin | -2.67% | 0.34% | 6.13% | 5.00% | -1.24% | -2.99% |
| Effective Tax Rate | 34.16% | 29.23% | ||||
| Advertising Expenses | 11.50M | 11.70M | 10.60M | 8.60M | 9.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 72.60M | 123.20M | 96.60M | 78.80M | 59.00M | 65.50M |
| Trading Asset Securities | 3.70M | 2.80M | 4.30M | 5.60M | 5.90M | |
| Cash & Short-Term Investments | 76.30M | 126.00M | 100.90M | 84.40M | 64.90M | 65.50M |
| Receivables | 484.80M | 489.60M | 488.40M | 497.50M | 523.60M | 457.40M |
| Inventory | 627.50M | 634.30M | 754.30M | 815.70M | 799.50M | 781.00M |
| Prepaid Expenses | 85.40M | 97.10M | 89.70M | 92.50M | 70.70M | 46.10M |
| Other Current Assets | 2.80M | |||||
| Total Current Assets | 1.28B | 1.35B | 1.43B | 1.49B | 1.46B | 1.35B |
| Property, Plant & Equipment | 326.80M | 470.00M | 402.70M | 389.00M | 367.20M | 399.30M |
| Long-Term Investments | 53.30M | 59.20M | 61.10M | 63.10M | 69.60M | 71.70M |
| Goodwill | 55.50M | 55.70M | 54.60M | 53.30M | 51.30M | 56.50M |
| Other Intangible Assets | 30.30M | 32.30M | 33.10M | 39.30M | 42.70M | 50.70M |
| Long-Term Deferred Tax Assets | 3.50M | 6.80M | 6.70M | 3.00M | 2.60M | 3.70M |
| Other Long-Term Assets | 182.00M | 49.60M | 37.70M | 41.30M | 34.10M | 38.20M |
| Total Assets | 1.93B | 2.02B | 2.03B | 2.08B | 2.03B | 1.97B |
| Accounts Payable | 423.40M | 401.20M | 455.50M | 530.20M | 607.40M | 541.40M |
| Accrued Expenses | 69.10M | 100.70M | 105.50M | 87.40M | 64.40M | 57.10M |
| Short-Term Debt | 98.60M | 109.60M | 54.20M | 83.30M | 137.10M | 165.30M |
| Current Portion of Long-Term Debt | 142.20M | 124.70M | 133.40M | 155.70M | 136.00M | 81.30M |
| Current Portion of Leases | 28.00M | 27.10M | 29.60M | 27.20M | 26.70M | |
| Current Unearned Revenue | 49.00M | 47.00M | 56.80M | 77.90M | 139.80M | 49.70M |
| Other Current Liabilities | 217.30M | 190.60M | 225.40M | 254.50M | 231.00M | 183.10M |
| Total Current Liabilities | 999.60M | 1.00B | 1.06B | 1.22B | 1.34B | 1.10B |
| Long-Term Debt | 239.50M | 239.10M | 229.70M | 227.70M | 250.20M | 243.70M |
| Long-Term Leases | 19.70M | 140.80M | 97.40M | 75.60M | 62.70M | 74.30M |
| Pension & Post-Retirement Benefits | 6.20M | 6.20M | ||||
| Long-Term Deferred Tax Liabilities | 7.70M | 8.20M | 8.40M | 12.70M | 13.40M | 12.70M |
| Other Long-Term Liabilities | 251.70M | 138.30M | 141.70M | 137.70M | 125.70M | 145.70M |
| Total Liabilities | 1.52B | 1.53B | 1.54B | 1.67B | 1.80B | 1.59B |
| Common Stock | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K |
| Additional Paid-In Capital | 348.40M | 354.70M | 350.90M | 327.70M | 297.70M | 315.10M |
| Retained Earnings | 214.00M | 289.10M | 374.60M | 256.30M | 152.70M | 248.60M |
| Treasury Stock | -3.00M | -14.40M | -13.60M | -4.50M | ||
| Comprehensive Income & Other | -169.60M | -157.60M | -237.00M | -194.30M | -246.20M | -202.30M |
| Total Common Equity | 390.00M | 472.00M | 475.10M | 389.90M | 204.40M | 357.10M |
| Minority Interest | 20.00M | 20.40M | 19.00M | 16.90M | 20.70M | 25.80M |
| Shareholders' Equity | 410.00M | 492.40M | 494.10M | 406.80M | 225.10M | 382.90M |
| Total Liabilities & Equity | 1.93B | 2.02B | 2.03B | 2.08B | 2.03B | 1.97B |
| Total Debt | 500.00M | 642.20M | 541.80M | 571.90M | 613.20M | 591.30M |
| Net Cash (Debt) | -423.70M | -516.20M | -440.90M | -487.50M | -548.30M | -525.80M |
| Net Cash Per Share | -23.82 | -29.21 | -24.90 | -28.04 | -32.44 | -31.26 |
| Filing Date Shares Outstanding | 17.93M | 17.90M | 17.70M | 17.49M | 17.16M | 16.84M |
| Total Common Shares Outstanding | 17.92M | 17.73M | 17.42M | 17.19M | 16.94M | 16.83M |
| Working Capital | 277.20M | 345.20M | 375.40M | 271.50M | 115.80M | 245.40M |
| Book Value Per Share | 21.77 | 26.62 | 27.27 | 22.69 | 12.07 | 21.22 |
| Tangible Book Value | 304.20M | 384.00M | 387.40M | 297.30M | 110.40M | 249.90M |
| Tangible Book Value Per Share | 16.98 | 21.65 | 22.24 | 17.30 | 6.52 | 14.85 |
| Land | 33.80M | 31.60M | 32.20M | 32.20M | 33.50M | |
| Machinery | 1.01B | 861.40M | 836.30M | 798.90M | 828.50M | |
| Order Backlog | 1.28B | 1.93B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -116.90M | -60.10M | 142.30M | 125.90M | -74.10M | -173.00M |
| Depreciation & Amortization | 45.20M | 45.80M | 47.60M | 45.10M | 43.40M | 46.20M |
| Other Amortization | 1.20M | 1.40M | 1.50M | 1.40M | 1.40M | 3.10M |
| Asset Writedown & Restructuring Costs | 25.80M | 38.40M | 22.60M | 65.60M | ||
| Stock-Based Compensation | 7.10M | 7.50M | 23.60M | 29.30M | 6.40M | 4.00M |
| Other Operating Activities | -4.90M | 25.90M | 30.80M | 47.40M | 23.90M | -18.60M |
| Change in Accounts Receivable | 32.60M | 25.30M | -14.20M | 26.80M | -89.50M | -54.60M |
| Change in Inventory | 152.30M | 156.60M | 35.30M | -4.30M | -39.10M | -289.70M |
| Change in Accounts Payable | -49.00M | -79.90M | -55.90M | -81.40M | 78.70M | 129.50M |
| Change in Other Net Operating Assets | -16.00M | -74.80M | -62.90M | -39.50M | 89.50M | 34.00M |
| Operating Cash Flow | 77.40M | 86.10M | 170.70M | 150.70M | 40.60M | -253.50M |
| Capital Expenditures | -62.60M | -62.50M | -47.80M | -35.40M | -28.80M | -44.30M |
| Sale of Property, Plant & Equipment | 2.00M | 2.40M | 1.80M | 1.90M | 1.30M | 4.10M |
| Cash Acquisitions | -2.60M | -2.20M | -3.20M | -8.40M | ||
| Divestitures | 600.00K | 1.10M | ||||
| Investment in Securities | 1.10M | 500.00K | 15.70M | |||
| Investing Cash Flow | -60.60M | -62.70M | -47.60M | -34.50M | -35.40M | -24.50M |
| Short-Term Debt Issued | 55.20M | 165.40M | ||||
| Long-Term Debt Issued | 148.40M | 168.90M | 138.80M | 135.00M | 119.60M | |
| Total Debt Issued | 197.20M | 203.60M | 168.90M | 138.80M | 135.00M | 285.00M |
| Short-Term Debt Repaid | -31.20M | -53.70M | -26.30M | |||
| Long-Term Debt Repaid | -171.10M | -198.50M | -161.10M | -97.60M | -62.00M | |
| Total Debt Repaid | -179.80M | -171.10M | -229.70M | -214.80M | -123.90M | -62.00M |
| Net Debt Issued (Repaid) | 17.40M | 32.50M | -60.80M | -76.00M | 11.10M | 223.00M |
| Repurchase of Common Stock | -800.00K | -4.50M | -14.00M | |||
| Common Dividends Paid | -25.80M | -25.40M | -24.00M | -22.30M | -21.80M | -21.60M |
| Other Financing Activities | -1.30M | -3.40M | -1.30M | -2.20M | -200.00K | -7.80M |
| Financing Cash Flow | -10.50M | -800.00K | -100.10M | -100.50M | -10.90M | 193.60M |
| Foreign Exchange Rate Adjustments | -600.00K | 4.00M | -5.20M | 4.10M | -800.00K | -1.50M |
| Net Cash Flow | 5.70M | 26.60M | 17.80M | 19.80M | -6.50M | -85.90M |
| Free Cash Flow | 14.80M | 23.60M | 122.90M | 115.30M | 11.80M | -297.80M |
| Free Cash Flow Margin | 0.42% | 0.63% | 2.85% | 2.80% | 0.33% | -9.68% |
| Free Cash Flow Per Share | 0.83 | 1.34 | 6.94 | 6.63 | 0.70 | -17.71 |
| Levered Free Cash Flow | 43.15M | -11.60M | 135.21M | 41.21M | 79.21M | -185.85M |
| Unlevered Free Cash Flow | 61.08M | 6.50M | 154.84M | 63.12M | 95.56M | -179.26M |
| Cash Interest Paid | 30.40M | 30.40M | 34.50M | 36.40M | 26.60M | 14.50M |
| Cash Income Tax Paid | 36.80M | 36.80M | 85.60M | 52.90M | 10.80M | 11.40M |
| Change in Working Capital | 119.90M | 27.20M | -97.70M | -98.40M | 39.60M | -180.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 522.31M | 526.87M | 891.69M | 1.07B | 428.71M | 691.59M |
| Enterprise Value | 946.01M | 939.47M | 1.30B | 1.51B | 921.41M | 1.09B |
| Last Close Price | 29.13 | 28.82 | 47.60 | 56.84 | 22.43 | 35.02 |
| PE Ratio | 6.27 | 8.49 | ||||
| Forward PE | 107.89 | 12.00 | 8.74 | 8.35 | 28.28 | 40.68 |
| PS Ratio | 0.15 | 0.14 | 0.21 | 0.26 | 0.12 | 0.23 |
| PB Ratio | 1.34 | 1.07 | 1.80 | 2.63 | 1.91 | 1.81 |
| P/TBV Ratio | 1.72 | 1.37 | 2.30 | 3.60 | 3.88 | 2.77 |
| P/FCF Ratio | 35.29 | 22.32 | 7.25 | 9.27 | 36.33 | |
| P/OCF Ratio | 6.75 | 6.12 | 5.22 | 7.09 | 10.56 | |
| PEG Ratio | 1.19 | 1.19 | 1.19 | 3.54 | 5.08 | |
| EV/Sales Ratio | 0.27 | 0.25 | 0.30 | 0.37 | 0.26 | 0.35 |
| EV/EBITDA Ratio | 16.03 | 4.17 | 6.02 | |||
| EV/EBIT Ratio | 73.40 | 4.92 | 7.34 | |||
| EV/FCF Ratio | 63.92 | 39.81 | 10.58 | 13.10 | 78.09 | |
| Debt / Equity Ratio | 1.22 | 1.30 | 1.10 | 1.41 | 2.72 | 1.54 |
| Debt / EBITDA Ratio | 7.93 | 1.64 | 2.15 | 30.97 | ||
| Debt / FCF Ratio | 33.78 | 27.21 | 4.41 | 4.96 | 51.97 | |
| Net Debt / Equity Ratio | 1.03 | 1.05 | 0.89 | 1.20 | 2.44 | 1.37 |
| Net Debt / EBITDA Ratio | -8.72 | 8.81 | 1.42 | 1.94 | -1,096.60 | -11.46 |
| Net Debt / FCF Ratio | 28.63 | 21.87 | 3.59 | 4.23 | 46.47 | -1.77 |
| Asset Turnover | 1.75 | 1.86 | 2.10 | 2.01 | 1.78 | 1.61 |
| Inventory Turnover | 4.28 | 4.52 | 4.35 | 4.13 | 3.94 | 4.20 |
| Quick Ratio | 0.56 | 0.61 | 0.56 | 0.48 | 0.44 | 0.47 |
| Current Ratio | 1.28 | 1.34 | 1.35 | 1.22 | 1.09 | 1.22 |
| Return on Equity (ROE) | -23.61% | -11.76% | 32.01% | 40.54% | -23.55% | -35.44% |
| Return on Assets (ROA) | -2.93% | 0.40% | 8.03% | 6.27% | -1.37% | -3.01% |
| Return on Invested Capital (ROIC) | -11.01% | 1.32% | 19.00% | 17.47% | -5.22% | -10.36% |
| Return on Capital Employed (ROCE) | -10.10% | 1.30% | 27.20% | 23.90% | -6.40% | -10.60% |
| Earnings Yield | -22.57% | -11.41% | 15.96% | 11.78% | -17.28% | -25.01% |
| FCF Yield | 2.83% | 4.48% | 13.78% | 10.79% | 2.75% | -43.06% |
| Dividend Yield | 5.01% | 4.81% | 2.69% | 2.09% | 5.10% | 3.13% |
| Payout Ratio | 16.87% | 17.71% | ||||
| Buyback Yield / Dilution | -0.48% | 0.23% | -1.87% | -2.86% | -0.49% | -0.11% |
| Total Shareholder Return | 4.53% | 5.04% | 0.82% | -0.78% | 4.60% | 3.01% |