Hyster-Yale Materials Handling, Inc. (HY) Income Statement
HY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHY revenue and net income
Where HY's revenue goes
2025Each bar shows an amount and its share of revenue. HY kept −1.6% of revenue as net income.
HY profit margins
HY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −12.5% | +2.0% | +6.0% | +3.9% |
| Gross profit | −29.2% | +13.5% | +6.4% | +3.9% |
| Operating income | −92.9% | — | −18.9% | −16.3% |
| Net income | −142.2% | — | — | — |
| EPS (diluted) | −127.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HY quarterly EPS vs estimates
Hyster-Yale beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $-0.40).
HY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.77B | $4.31B | $4.12B | $3.55B | $3.08B | $2.81B | $3.29B | $3.18B | $2.89B | $2.57B |
| Cost of revenue | $3.14B | $3.41B | $3.33B | $3.11B | $2.71B | $2.35B | $2.75B | $2.68B | $2.38B | $2.14B |
| Gross profit | $633.8M | $895.5M | $785.6M | $433.9M | $363.4M | $465.4M | $541.8M | $497.0M | $502.6M | $427.5M |
| Research & development | $137.2M | $135.9M | $119.7M | $100.7M | $108.3M | $100.5M | $115.3M | $110.9M | $104.5M | $107.0M |
| Sales, general & admin | $616.5M | $628.1M | $542.8M | $473.0M | $450.1M | $415.5M | $487.9M | $458.3M | $426.6M | $392.9M |
| Total operating expenses | $616.3M | $650.7M | $576.9M | $473.0M | $515.7M | $415.5M | $487.9M | $458.2M | $428.5M | $394.6M |
| Operating income | $17.5M | $244.8M | $208.7M | −$39.1M | −$152.3M | $49.9M | $53.9M | $38.8M | $74.1M | $32.9M |
| Interest income | $20.8M | $28.3M | $27.0M | $18.4M | $4.0M | $7.6M | $8.9M | $5.7M | $13.6M | $200,000 |
| Interest expense | $32.2M | $33.8M | $37.3M | $28.4M | $15.5M | $13.7M | $19.8M | $16.0M | $14.6M | $6.7M |
| Income before taxes | −$42.9M | $219.0M | $181.0M | −$62.4M | −$154.9M | $42.2M | $47.9M | $36.6M | $93.8M | $38.3M |
| Income taxes | $15.1M | $74.8M | $52.9M | $9.2M | $28.3M | $3.7M | $11.3M | $2.3M | $44.9M | −$4.0M |
| Net income | −$60.1M | $142.3M | $125.9M | −$74.1M | −$173.0M | $37.1M | $35.8M | $34.7M | $48.6M | $42.8M |
| EBITDA | $35.1M | $300.4M | $263.4M | $9.4M | −$93.2M | $98.8M | $111.0M | $96.6M | $151.2M | $84.1M |
| EPS (diluted) | −$2.46 | $8.95 | $7.25 | −$4.39 | −$7.41 | $2.20 | $1.98 | $2.13 | $3.76 | $2.61 |
| Gross margin | 16.8% | 20.8% | 19.1% | 12.2% | 11.8% | 16.5% | 16.5% | 15.6% | 17.4% | 16.6% |
| Operating margin | 0.5% | 5.7% | 5.1% | −1.1% | −5.0% | 1.8% | 1.6% | 1.2% | 2.6% | 1.3% |
| Net margin | −1.6% | 3.3% | 3.1% | −2.1% | −5.6% | 1.3% | 1.1% | 1.1% | 1.7% | 1.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $812.9M | $795.2M | $923.2M | $979.1M | $956.6M | $910.4M | $1.07B | $1.02B | $1.17B | $1.06B | $1.03B | $1.00B |
| Cost of revenue | $685.3M | $670.4M | $791.6M | $822.5M | $793.1M | $728.3M | $859.9M | $823.2M | $908.8M | $820.8M | $817.5M | $797.6M |
| Gross profit | $127.6M | $124.8M | $131.6M | $156.6M | $163.5M | $182.1M | $207.6M | $192.9M | $259.3M | $235.7M | $209.7M | $203.6M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $119.7M | — |
| Sales, general & admin | $144.3M | $151.2M | $146.7M | $152.6M | $161.0M | $156.2M | $152.7M | $159.8M | $163.7M | $151.9M | $161.0M | $145.0M |
| Total operating expenses | $146.0M | $152.8M | $146.7M | $152.6M | $161.0M | $156.2M | $175.3M | $159.8M | $163.7M | $151.9M | $161.0M | $145.0M |
| Operating income | −$18.4M | −$28.0M | −$15.1M | $4.0M | $2.5M | $25.9M | $32.3M | $33.1M | $95.6M | $83.8M | $48.7M | $58.6M |
| Interest income | — | — | $4.4M | $6.4M | $5.2M | $4.8M | $8.9M | $4.8M | — | — | — | $6.7M |
| Interest expense | $7.8M | $7.2M | $9.8M | $10.7M | $8.2M | $9.0M | $7.7M | $8.4M | $8.8M | $8.9M | $9.1M | $9.6M |
| Income before taxes | −$23.2M | −$32.1M | −$41.9M | −$4.6M | −$13.2M | $16.8M | $24.0M | $28.1M | $90.0M | $76.9M | $41.7M | $52.6M |
| Income taxes | $8.1M | −$1.8M | $9.7M | −$2.9M | $200,000 | $8.1M | $13.3M | $10.3M | $26.1M | $25.1M | $16.0M | $16.2M |
| Net income | −$31.6M | −$30.3M | −$52.5M | −$2.3M | −$13.9M | $8.6M | $10.3M | $17.2M | $63.3M | $51.5M | $25.2M | $35.8M |
| EBITDA | −$10.5M | −$13.6M | −$20.4M | $17.4M | $6.8M | $36.8M | $43.5M | $48.2M | $111.2M | $97.5M | $62.1M | $73.5M |
| EPS (diluted) | −$1.64 | −$1.64 | −$2.06 | −$0.09 | −$0.79 | $0.48 | $1.47 | $0.97 | $3.58 | $2.93 | $1.43 | $2.06 |
| Gross margin | 15.7% | 15.7% | 14.3% | 16.0% | 17.1% | 20.0% | 19.4% | 19.0% | 22.2% | 22.3% | 20.4% | 20.3% |
| Operating margin | −2.3% | −3.5% | −1.6% | 0.4% | 0.3% | 2.8% | 3.0% | 3.3% | 8.2% | 7.9% | 4.7% | 5.9% |
| Net margin | −3.9% | −3.8% | −5.7% | −0.2% | −1.5% | 0.9% | 1.0% | 1.7% | 5.4% | 4.9% | 2.5% | 3.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HY's financial statements (latest annual report filed March 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HY financial results
In fiscal year 2025 (ended December 31, 2025), Hyster-Yale reported revenue of $3.8 billion, down 12.5% from the year before. It had a net loss of $60.1 million, a net profit margin of −1.6%. Diluted earnings per share came to −$2.46. Over five years revenue grew at an average rate of 6.0% a year.
See the HY stock overview for the latest quote and news, or the HY chart for price history and technical indicators.
HY income statement FAQ
What is Hyster-Yale's annual revenue?
Hyster-Yale reported total revenue of $3.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 12.5% from $4.3 billion the previous year.
Is Hyster-Yale profitable?
No. Hyster-Yale reported a net loss of $60.1 million in fiscal 2025, a net profit margin of −1.6%; its operating margin was 0.5%.
What is Hyster-Yale's gross margin?
Hyster-Yale's gross margin was 16.8% in fiscal 2025: for every $100 of revenue, Hyster-Yale kept $17 after the direct cost of its products and services.
How much does Hyster-Yale spend on research and development?
Hyster-Yale spent $137.2 million on research and development in fiscal 2025, 3.6% of revenue.
How fast is Hyster-Yale growing?
Revenue grew 6.0% a year on average over the last five fiscal years, from $2.8 billion to $3.8 billion.
What are Hyster-Yale's earnings per share?
Hyster-Yale earned $-2.46 per diluted share in fiscal 2025, compared with $8.95 a year earlier.
When will Hyster-Yale report its next earnings?
Hyster-Yale is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Hyster-Yale's fiscal year end?
Hyster-Yale's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 3, 2026.