HYNYSEIndustrial Trucks, Tractors, Trailors & StackersFiscal year ends December 31
HYSTER-YALE, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$27.88−1.33 (-4.55%)
Close on Oct 19, 2026
- Market cap
- $499.39M
- P/E (TTM)
- –
- Dividend yield
- 5.13%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
16.8%+0.2 pts over 5 years
Operating margin
-0.6%−2.4 pts over 5 years
Net margin
-1.6%−2.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.5% | +2.0% | +6.0% | +3.9% | |
| Gross profit | -29.3% | +13.4% | +6.3% | +3.9% | |
| Free cash flow | -80.8% | +26.0% | -27.2% | -5.8% | |
| Dividend per share | +4.0% | +3.5% | +2.4% | +2.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.3% | 6.4% | -12.7% | |
| Return on assets | 3.6% | 2.0% | -3.0% | |
| Current ratio | 1.41 | 1.49 | 1.34 | |
| Debt to equity | 0.29 | 0.47 | 1.05 | |
| Net debt to EBITDA | 1.24× | 1.48× | 15.66× | |
| Interest coverage | 4.9× | 3.6× | -0.7× | |
| Inventory turnover | 6.5× | 4.4× | 4.5× | |
| Capex to revenue | 1.7% | 1.8% | 1.7% | |
| Diluted shares | 16M | 17M | 18M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hyster-Yale generated $701.60M from operations and spent $352.40M on capital expenditure, dividends and share buybacks. 62% of that went back into the business.
Generated
$701.60M
Used
$352.40M
Capital expenditure$218.80M62%Dividends$115.10M33%Share buybacks$18.50M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.6%
×Asset turnover1.86×
×Equity multiplier4.28×
=Return on equity, FY2025-12.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.6% | 1.86× | 4.28× | -12.7% |
| FY2024 | 3.3% | 2.10× | 4.75× | 32.9% |
| FY2023 | 3.1% | 2.01× | 6.91× | 42.4% |
| FY2022 | -2.1% | 1.78× | 7.12× | -26.4% |
| FY2021 | -5.6% | 1.61× | 3.93× | -35.5% |
| FY2020 | 1.3% | 1.52× | 3.19× | 6.4% |
| FY2019 | 1.1% | 1.83× | 3.35× | 6.7% |
| FY2018 | 1.1% | 1.88× | 3.10× | 6.4% |
| FY2017 | 1.7% | 1.97× | 2.85× | 9.4% |
| FY2016 | 1.7% | 2.16× | 2.58× | 9.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$60.10M
- Cash generatingOperating cash flow above zero$86.10M
- Return on assets improvedROA up on the prior year6.8% → -3.0%
- Earnings backed by cashOperating cash flow above net income$86.10M vs -$60.10M
- Less leverageLong-term debt to assets fell11.9% → 12.5%
- Better liquidityCurrent ratio rose1.35 → 1.34
- No dilutionShare count did not rise18M → 18M
- Gross margin improvedGross margin up on the prior year20.79% → 16.79%
- More efficientAsset turnover rose2.07 → 1.86