HY Industrials

Hyster-Yale, Inc.

$29.23+0.34%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Industrials
Industry: Farm & Heavy Construction Machinery
Country: United States
Market cap: 524.1M USD
Enterprise value: 930.9M USD
Full-time employees: 7,500

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.63 vs a peer median of 0.64), less short-term liquidity (current ratio 1.28 vs a peer median of 1.62) and more debt relative to equity (1.23× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.63 vs peers 0.64), less liquidity (current ratio 1.28 vs peers 1.62) and more debt vs equity (1.23× vs peers 0.40×)

Ranks #2,252 of 2,308 industrials companies (bottom 3%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
Hyster-Yale made a loss per share in its latest year after a profit the year before.
Valuation signals disagree. Cheaper than 42% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Hyster-Yale looks cheaper than 42% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Hyster-Yale reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Revenue is falling. Revenue fell 11% in the 12 months to June 2026 vs the 12 months before.
Hyster-Yale's revenue fell 11% in the 12 months to June 2026 vs the 12 months before.

StockQuotient Score

10/ 100

Oct 5 11 → Nov 4 10 (-1)

Valuation

Is the price right?

14/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-22.3%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-3.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield2.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.24Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield74.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

11/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 3.9%

Why

Weaker than most peers on:

▼ EPS growth
▼ Revenue growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.21Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-3.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.24Sector median: 0.0421 · MAD: 0.0625

Revenue growth-11.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.03Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

8/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-2.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.98Sector median: 0.0773 · MAD: 0.0507

Return on assets-6.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-8.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.72Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin15.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-30.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.63

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio1.28×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.64Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.23×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.46Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Hyster-Yale

Is Hyster-Yale getting weaker?: Its latest SEC filing (Aug 4, 2026) got weaker in some ways: 12-month revenue fell 3.9%. Its overall score is unchanged at 10/100 since Oct 28, 2026.
How is Hyster-Yale valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 14/100 against 2,459 industrials peers. Earnings yield -22.3% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -22.3% vs peers 3.8% (weaker than 100% of peers).
Is Hyster-Yale growing?: More slowly than most of its peers. Growth scores 11/100 against 2,459 industrials peers. Revenue growth -11.1% vs a peer median of 4.4% (weaker than 87% of peers).Revenue growth -11.1% vs peers 4.4% (weaker than 87% of peers).
How profitable is Hyster-Yale?: Less profitable than most of its peers. Profitability scores 8/100 against 2,459 industrials peers. Return on assets -6.1% vs a peer median of 3.1% (weaker than 100% of peers).Return on assets -6.1% vs peers 3.1% (weaker than 100% of peers).
How risky is Hyster-Yale?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.63 vs a peer median of 0.64 (weaker than 100% of peers).Beta 1.63 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

12-month revenue fell 3.9%

Worth watching: Hyster-Yale is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.7B USD	3.5B USD	−3.9%
Net income (12 months)	−99.2M USD	−116.9M USD	+17.8%
Operating margin	-2.0%	-2.3%	−0.4 pts
Free cash flow (12 months)	27.9M USD	14.8M USD	−47.0%
Debt	484.4M USD	480.3M USD	−0.8%
Cash	81.8M USD	72.6M USD	−11.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Farm & Heavy Construction Machinery companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	11.8%	12.2%	19.1%	20.8%	16.8%	▼ 4.0 pts
Operating margin	-5.0%	-1.1%	5.1%	5.7%	-0.6%	▼ 6.3 pts
Net margin	-5.6%	-2.1%	3.1%	3.3%	-1.6%	▼ 4.9 pts
Return on assets (ROA)	-8.8%	-3.7%	6.1%	7.0%	-3.0%	▼ 10.0 pts
Return on equity (ROE)	-48.4%	-36.3%	32.3%	30.0%	-12.7%	▼ 43 pts
Free cash flow margin	-9.7%	0.3%	2.8%	2.9%	0.6%	▼ 2.2 pts
Current ratio	1.22×	1.09×	1.22×	1.35×	1.34×	▼ 0.8%
Quick ratio	0.52×	0.49×	0.55×	0.64×	0.71×	▲ 11%
Debt to equity	1.45×	2.70×	1.27×	0.93×	1.05×	▲ 13%
Interest coverage	-9.83×	-1.38×	5.60×	7.24×	-0.71×	▼ 110%

HY price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.63 vs a peer median of 0.64), less short-term liquidity (current ratio 1.28 vs a peer median of 1.62) and more debt relative to equity (1.23× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.63 vs peers 0.64), less liquidity (current ratio 1.28 vs peers 1.62) and more debt vs equity (1.23× vs peers 0.40×)

Ranks #2,252 of 2,308 industrials companies (bottom 3%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

Hyster-Yale made a loss per share in its latest year after a profit the year before.

Valuation signals disagree. Cheaper than 42% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Hyster-Yale looks cheaper than 42% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Hyster-Yale reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Revenue is falling. Revenue fell 11% in the 12 months to June 2026 vs the 12 months before.

Hyster-Yale's revenue fell 11% in the 12 months to June 2026 vs the 12 months before.

Questions investors ask about Hyster-Yale

Is Hyster-Yale getting weaker?

Its latest SEC filing (Aug 4, 2026) got weaker in some ways: 12-month revenue fell 3.9%. Its overall score is unchanged at 10/100 since Oct 28, 2026.

How is Hyster-Yale valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 14/100 against 2,459 industrials peers. Earnings yield -22.3% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -22.3% vs peers 3.8% (weaker than 100% of peers).

Is Hyster-Yale growing?

More slowly than most of its peers. Growth scores 11/100 against 2,459 industrials peers. Revenue growth -11.1% vs a peer median of 4.4% (weaker than 87% of peers).Revenue growth -11.1% vs peers 4.4% (weaker than 87% of peers).

How profitable is Hyster-Yale?

Less profitable than most of its peers. Profitability scores 8/100 against 2,459 industrials peers. Return on assets -6.1% vs a peer median of 3.1% (weaker than 100% of peers).Return on assets -6.1% vs peers 3.1% (weaker than 100% of peers).

How risky is Hyster-Yale?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.63 vs a peer median of 0.64 (weaker than 100% of peers).Beta 1.63 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.7B USD

3.5B USD

−3.9%

Net income (12 months)

−99.2M USD

−116.9M USD

+17.8%

Operating margin

-2.0%

-2.3%

−0.4 pts

Free cash flow (12 months)

27.9M USD

14.8M USD

−47.0%

Debt

484.4M USD

480.3M USD

−0.8%

Cash

81.8M USD

72.6M USD

−11.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

11.8%

12.2%

19.1%

20.8%

16.8%

▼ 4.0 pts

Operating margin

-5.0%

-1.1%

5.1%

5.7%

-0.6%

▼ 6.3 pts

Net margin

-5.6%

-2.1%

3.1%

3.3%

-1.6%

▼ 4.9 pts

Return on assets (ROA)

-8.8%

-3.7%

6.1%

7.0%

-3.0%

▼ 10.0 pts

Return on equity (ROE)

-48.4%

-36.3%

32.3%

30.0%

-12.7%

▼ 43 pts

Free cash flow margin

-9.7%

0.3%

2.8%

2.9%

0.6%

▼ 2.2 pts

Current ratio

1.22×

1.09×

1.22×

1.35×

1.34×

▼ 0.8%

Quick ratio

0.52×

0.49×

0.55×

0.64×

0.71×

▲ 11%

Debt to equity

1.45×

2.70×

1.27×

0.93×

1.05×

▲ 13%

Interest coverage

-9.83×

-1.38×

5.60×

7.24×

-0.71×

▼ 110%