HY

MKT CAP:$711M

Hyster-Yale Materials Handling, Inc.

Market Cap

$711M

Industrials·Agricultural - Machinery·🇺🇸 United States·NYSE

Industrials·Agricultural·🇺🇸·NYSE

Stock Price

$38.64+$8.57 (+28.50%)

Apr 20, 2026

Company Details

Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, an...

CEO

Rajiv K. Prasad

IPO Date

Oct 1, 2012

Website

www.hyster-yale.com

Key Metrics TTM

Revenue

$4.2B

+15.6% YoY

Net Income

$97M

EPS (Diluted)

$5.47

Free Cash Flow

$100M

Revenue / Share

$239.43

Gross Margin

19.6%

Operating Margin

4.3%

Net Margin

2.3%

FCF Margin

2.4%

P/S

0.2x

P/E

7.4x

Earnings Reports

Q4 2025

May 5, 2026

PENDING

Q3 2025

Nov 4, 2025

$979MEPS -$0.13

Q4 2024

Feb 25, 2025

$1.1B+3.9%EPS $0.58

Q2 2024

Aug 6, 2024

$1.2BEPS $3.58

FY 2023

Feb 27, 2024

$4.1BEPS $7.24

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$686M	$122M	$18M
Q1 18	$789M	$132M	$19M
Q4 18	$838M	$121M	-$3M
Q4 19	$835M	$141M	$8M
Q2 20	$654M	$104M	$9M
Q1 21	$732M	$118M	$3M
Q2 21	$766M	$116M	$6M
Q3 21	$748M	$65M	-$54M
Q4 21	$830M	$64M	-$107M
Q3 22	$840M	$87M	-$25M
Q1 23	$999M	$174M	$43M
Q3 23	$1.0B	$204M	$59M
Q4 23	$1.0B	$210M	$49M
Q2 24	$1.2B	$259M	$96M
Q4 24	$1.1B	$208M	$32M
Q3 25	$979M	$157M	$4M

Valuation

Quarter	P/S	P/E
Q2 17	—	—
Q1 18	0.3x	12.3x
Q4 18	0.2x	14.8x
Q4 19	0.2x	21.2x
Q2 20	0.2x	34.4x
Q1 21	0.2x	62.4x
Q2 21	0.2x	49.0x
Q3 21	0.2x	—
Q4 21	0.2x	—
Q3 22	0.2x	—
Q1 23	0.2x	—
Q3 23	0.2x	—
Q4 23	0.2x	14.1x
Q2 24	0.2x	4.7x
Q4 24	0.2x	5.3x
Q3 25	0.2x	7.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 17	$38M	$28M
Q1 18	$29M	$21M
Q4 18	-$25M	-$39M
Q4 19	$94M	$76M
Q2 20	$34M	$21M
Q1 21	-$47M	-$55M
Q2 21	-$54M	-$64M
Q3 21	-$91M	-$103M
Q4 21	-$62M	-$77M
Q3 22	$34M	$30M
Q1 23	$9M	$6M
Q3 23	$60M	$52M
Q4 23	$46M	$29M
Q2 24	-$3M	-$15M
Q4 24	$81M	$63M
Q3 25	$37M	$23M

Capital Expenditures

Quarter	CapEx
Q2 17	$11M
Q1 18	$7M
Q4 18	$14M
Q4 19	$18M
Q2 20	$12M
Q1 21	$8M
Q2 21	$10M
Q3 21	$11M
Q4 21	$15M
Q3 22	$4M
Q1 23	$3M
Q3 23	$8M
Q4 23	$17M
Q2 24	$12M
Q4 24	$18M
Q3 25	$15M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 18	+29.8%	+32.6%
Q4 19	+17.1%	+19.7%
Q2 20	-4.5%	-3.3%
Q1 21	-7.1%	-5.2%
Q2 21	-8.6%	-9.7%
Q3 21	-10.4%	-2.9%
Q4 21	+26.8%	+45.1%
Q3 22	+14.7%	+18.6%
Q1 23	+30.5%	+25.9%
Q3 23	+33.8%	+17.5%
Q4 23	+23.8%	+4.5%
Q2 24	+39.0%	+24.0%
Q4 24	+6.8%	+8.2%
Q3 25	-2.2%	+3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 17	$2M	0.4%
Q1 18	$700.0K	0.1%
Q4 18	$3M	0.4%
Q4 19	$2M	0.3%
Q2 20	$300.0K	0.0%
Q1 21	$4M	0.5%
Q2 21	$200.0K	0.0%
Q3 21	-$200.0K	-0.0%
Q4 21	$500.0K	0.1%
Q3 22	$1M	0.1%
Q1 23	$5M	0.5%
Q3 23	$3M	0.3%
Q4 23	$15M	1.5%
Q2 24	$8M	0.7%
Q4 24	$2M	0.2%
Q3 25	$2M	0.2%

OpEx Breakdown

Quarter	SG&A
Q2 17	$104M
Q1 18	$113M
Q4 18	$124M
Q4 19	$133M
Q2 20	$95M
Q1 21	$115M
Q2 21	$111M
Q3 21	$119M
Q4 21	$105M
Q3 22	$112M
Q1 23	$132M
Q3 23	$145M
Q4 23	$161M
Q2 24	$164M
Q4 24	$153M
Q3 25	$153M

Revenue Segments

Quarter	Bolzoni	Lift truck business	Nuvera
Q2 17	$42M	$648M	$400.0K
Q4 18	$51M	$794M	$11M

Revenue by Geography

Quarter	Americas	Asia Pacific	Europe
Q4 19	$545M	$56M	$197M
Q2 20	$455M	$48M	$120M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$65M	$0	$65M
Q2 22	$76M	$0	$76M
Q3 22	$69M	$0	$69M
Q4 22	$59M	$0	$59M
Q1 23	$65M	$0	$65M
Q2 23	$66M	$0	$66M
Q3 23	$78M	$0	$78M
Q4 23	$79M	$0	$79M
Q1 24	$62M	$0	$62M
Q2 24	$67M	$0	$67M
Q3 24	$76M	$0	$76M
Q4 24	$97M	$0	$97M
Q1 25	$77M	$0	$77M
Q2 25	$67M	$0	$67M
Q3 25	$71M	$0	$71M
Q4 25	$123M	$0	$123M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	17M	+0.2%	—
Q1 18	17M	+0.4%	—
Q4 18	17M	+0.2%	+1.1%
Q4 19	17M	+1.0%	+1.8%
Q2 20	17M	+0.1%	+1.8%
Q1 21	17M	+0.3%	+1.7%
Q2 21	17M	+0.1%	+1.5%
Q3 21	17M	-0.2%	+0.3%
Q4 21	17M	+0.0%	+0.2%
Q3 22	17M	+0.6%	+0.5%
Q1 23	17M	+1.7%	+2.1%
Q3 23	17M	+1.2%	+3.5%
Q4 23	17M	+0.4%	+3.9%
Q2 24	18M	+1.0%	+4.4%
Q4 24	18M	+0.4%	+3.0%
Q3 25	18M	-0.1%	+1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	$105.5K	7K
Q1 18	$116.0K	7K
Q4 18	$107.4K	8K
Q4 19	$105.7K	8K
Q2 20	$82.8K	8K
Q1 21	$96.3K	8K
Q2 21	$100.7K	8K
Q3 21	$98.4K	8K
Q4 21	$102.4K	8K
Q3 22	$103.7K	8K
Q1 23	$121.9K	8K
Q3 23	$122.1K	8K
Q4 23	$119.4K	9K
Q2 24	$135.8K	9K
Q4 24	$125.6K	9K
Q3 25	$115.2K	9K

Revenue / Employee