HY Financials HYSTER-YALE, INC.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 41 d ago Overview →

Growth & profitability

Revenue has grown 6.0% per year over the past 5 years.
Operating margin has contracted, at -0.6% in the latest year.
Free cash flow has declined 27.2% per year over the past 5 years.

Financial health

Total debt ($473M) exceeds cash ($123M); net debt is $350M.
Total debt has grown faster than revenue (12.7% vs 6.0% per year).
Operating income covered interest expense -0.7× in the latest year, down from 3.6× 5 years ago.
Total debt is 20× EBITDA.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 107.6% of free cash flow.
The dividend has grown 3.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$3.8B	-$60M	16.8%	-0.6%	-12.7%	-3.0%	$24M	$473M	$123M
2024	$4.3B	$142M	20.8%	5.7%	30.0%	7.0%	$123M	$417M	$97M
2023	$4.1B	$126M	19.1%	5.1%	32.3%	6.1%	$115M	$467M	$79M
2022	$3.5B	-$74M	12.2%	-1.1%	-36.3%	-3.7%	$12M	$523M	$59M
2021	$3.1B	-$173M	11.8%	-5.0%	-48.4%	-8.8%	-$298M	$490M	$66M
2020	$2.8B	$37M	16.5%	1.8%	6.0%	2.0%	$115M	$261M	$151M
2019	$3.3B	$36M	16.5%	1.6%	6.6%	1.9%	$27M	$266M	$65M
2018	$3.2B	$35M	15.6%	1.2%	6.6%	2.0%	$29M	$284M	—
2017	$2.9B	$49M	17.4%	2.6%	8.6%	2.9%	$124M	$271M	—
2016	$2.6B	$43M	16.6%	1.3%	9.2%	3.3%	-$92M	$185M	—
2015	$2.6B	$75M	16.7%	4.0%	16.2%	6.8%	$43M	$32M	—
2014	$2.8B	$110M	16.2%	5.4%	24.2%	9.8%	—	$19M	—
2013	$2.7B	$110M	17.3%	5.0%	24.5%	9.5%	—	$58M	—
2012	$2.5B	$98M	16.3%	4.5%	28.7%	9.2%	$109M	$136M	—
2011	$2.5B	$83M	15.1%	4.3%	27.9%	7.4%	$38M	$225M	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$0	-$32M	—	—	-8.1%	-1.6%	$2M	$480M	$73M
Mar '26	$0	-$31M	—	—	-7.1%	-1.6%	-$43M	$484M	$82M
Dec '25	—	-$53M	—	—	-11.1%	-2.6%	$33M	$473M	$123M
Sep '25	$0	-$2M	—	—	-0.4%	-0.1%	$23M	$445M	$71M
Jun '25	$0	-$14M	—	—	-2.6%	-0.7%	$15M	$450M	$67M
Mar '25	$0	$9M	—	—	1.7%	0.4%	-$47M	—	$77M
Dec '24	—	$10M	—	—	2.2%	0.5%	$63M	$417M	$97M
Sep '24	$0	$17M	—	—	3.2%	0.8%	$60M	$443M	$76M
Jun '24	$0	$63M	—	—	13.6%	3.0%	-$15M	$476M	$67M
Mar '24	$0	$52M	—	—	12.5%	2.4%	$15M	$448M	$62M
Dec '23	—	$25M	—	—	6.5%	1.2%	$29M	$467M	$79M
Sep '23	$0	$36M	—	—	11.8%	1.7%	$52M	$485M	$78M
Jun '23	$0	$38M	—	—	13.2%	1.8%	$29M	$515M	$66M
Mar '23	$0	$27M	—	—	10.4%	1.3%	$6M	$533M	$65M
Dec '22	—	$8M	—	—	3.7%	0.4%	-$3M	$523M	$59M
Sep '22	$0	-$37M	—	—	-32.7%	-1.9%	$30M	$515M	$69M
Jun '22	$0	-$19M	—	—	-9.7%	-0.9%	-$65M	$549M	$76M
Mar '22	$0	-$25M	—	—	-7.7%	-1.2%	$49M	$451M	$65M
Dec '21	—	-$103M	—	—	-28.9%	-5.2%	-$77M	$490M	$66M
Sep '21	$0	-$77M	—	—	-16.2%	-3.8%	-$103M	$402M	$61M

Valuation over time

How the market has priced HY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 9.3× (Jan '24) to 3.6× (Nov '25).
The price-to-sales ratio has fallen from 0.3× (Mar '23) to 0.2× (Sep '26).
The dividend yield has risen from 2.4% (Mar '23) to 4.2% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HY growing its revenue and profit?

Over the past 5 years, HYSTER-YALE, INC.'s revenue has grown 6.0% per year. These are computed facts, not advice.

How much debt does HY have?

As of FY2025, HYSTER-YALE, INC. reported $473M of total debt against $123M of cash; operating income covered interest expense -0.7×.

What is HY's profit margin?

In FY2025, gross margin was 16.8%, operating margin -0.6%, and net margin -1.6%.

What is HY's P/E ratio?

As of Sep '26, HYSTER-YALE, INC. traded at a price-to-earnings ratio of about 3.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.