Hyster-Yale Materials Handling, Inc. (HY) Key Metrics
HY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $523.3M
- Enterprise value
- $1.02B
- P/E (TTM)
- — 10-yr median 27.0
- Forward P/E
- 9.5
- PEG ratio
- 1.61
- Price / sales
- 0.1 10-yr median 0.3
- Price / book
- 1.5 10-yr median 1.9
- EV / EBITDA
- 36.2 10-yr median 11.5
- Dividend yield
- 4.01% $1.45 a year
- Beta
- 1.63
HY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHY valuation Price multiples at each fiscal year-end price.
HY returns How much profit the business earns on the capital it uses.
HY per-share figures Results divided by the shares outstanding at year-end.
HY financial health Debt, liquidity and how easily interest is covered.
HY efficiency & capital use Working capital cycle and where the cash goes.
HY valuation history
HY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HY cash returned to shareholders
HY price vs earnings per share
HY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $526.4M | $902.0M | $1.08B | $427.8M | $691.2M | $1.00B | $986.2M | $1.03B | $1.41B | $1.05B |
| Enterprise value | $787.9M | $1.35B | $1.57B | $921.7M | $1.14B | $1.14B | $1.21B | $1.25B | $1.48B | $1.22B |
| P/E ratio | — | 6.3 | 8.6 | — | — | 27.0 | 27.5 | 29.6 | 28.9 | 24.5 |
| Price / sales | 0.1 | 0.2 | 0.3 | 0.1 | 0.2 | 0.4 | 0.3 | 0.3 | 0.5 | 0.4 |
| Price / book | 1.1 | 1.9 | 2.8 | 2.1 | 1.9 | 1.6 | 1.8 | 2.0 | 2.5 | 2.3 |
| Price / free cash flow | 22.3 | 7.3 | 9.4 | 36.3 | — | 8.7 | 36.5 | 35.7 | 11.4 | — |
| Price / operating cash flow | 6.1 | 5.3 | 7.2 | 10.5 | — | 6.0 | 12.9 | 15.2 | 8.5 | — |
| EV / sales | 0.2 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 |
| EV / EBITDA | 22.4 | 4.5 | 6.0 | 98.0 | — | 11.5 | 10.9 | 12.9 | 9.8 | 14.5 |
| EV / free cash flow | 33.4 | 11.0 | 13.7 | 78.1 | — | 9.9 | 44.8 | 43.3 | 11.9 | — |
| Earnings yield | −11.4% | 15.8% | 11.6% | −17.3% | −25.0% | 3.7% | 3.6% | 3.4% | 3.5% | 4.1% |
| Free cash flow yield | 4.5% | 13.6% | 10.7% | 2.8% | −43.1% | 11.5% | 2.7% | 2.8% | 8.8% | −8.7% |
| Dividend yield | 4.8% | 2.7% | 2.1% | 5.1% | 3.1% | 2.1% | 2.1% | 2.0% | 1.4% | 1.8% |
| Shareholder yield (dividends + buybacks) | 5.7% | 4.2% | 2.1% | 5.1% | 3.1% | 2.1% | 2.1% | 2.0% | 1.4% | 1.8% |
| Share price at fiscal year-end | $29.71 | $50.93 | $62.19 | $25.31 | $41.10 | $59.55 | $58.96 | $61.96 | $85.16 | $63.77 |
| Per share | ||||||||||
| Revenue per share | $212.75 | $243.26 | $236.89 | $209.95 | $182.88 | $167.40 | $196.81 | $191.49 | $174.71 | $156.43 |
| Earnings per share | −$3.39 | $8.04 | $7.24 | −$4.38 | −$10.29 | $2.21 | $2.14 | $2.09 | $2.94 | $2.61 |
| Operating cash flow per share | $4.86 | $9.64 | $8.67 | $2.40 | −$15.07 | $9.94 | $4.59 | $4.07 | $9.97 | −$2.98 |
| Free cash flow per share | $1.33 | $6.94 | $6.63 | $0.70 | −$17.71 | $6.86 | $1.61 | $1.73 | $7.49 | −$5.58 |
| Cash per share | $6.95 | $5.45 | $4.53 | $3.49 | $3.89 | $9.01 | $3.86 | $5.04 | $13.33 | $2.63 |
| Book value per share | $26.64 | $26.83 | $22.43 | $12.09 | $21.23 | $36.72 | $32.54 | $31.77 | $34.24 | $28.23 |
| Tangible book value per share | $21.67 | $21.87 | $17.10 | $6.53 | $14.86 | $26.41 | $22.57 | $21.17 | $27.27 | $21.73 |
| Dividends per share | $1.43 | $1.36 | $1.28 | $1.29 | $1.28 | $1.27 | $1.26 | $1.23 | $1.20 | $1.17 |
| Capex per share | $3.53 | $2.70 | $2.04 | $1.70 | $2.63 | $3.08 | $2.97 | $2.34 | $2.48 | $2.60 |
| Debt per share | $21.71 | $30.59 | $32.90 | $32.71 | $30.83 | $17.22 | $17.16 | $18.16 | $17.60 | $12.86 |
| Shares outstanding | 17.7M | 17.7M | 17.4M | 16.9M | 16.8M | 16.8M | 16.7M | 16.6M | 16.5M | 16.4M |
| Change in shares outstanding | +0.0% | +1.9% | +2.9% | +0.5% | +0.1% | +0.4% | +0.7% | +0.5% | +0.5% | +0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −12.7% | 32.9% | 42.4% | −26.4% | −35.5% | 6.4% | 6.7% | 6.4% | 9.4% | 9.3% |
| Return on invested capital (ROIC) | 1.7% | 17.9% | 18.7% | −4.1% | −15.4% | 6.0% | 5.4% | 5.3% | 6.1% | 6.6% |
| Return on assets (ROA) | −3.0% | 6.9% | 6.1% | −3.7% | −9.0% | 2.0% | 2.0% | 2.0% | 3.3% | 3.6% |
| Return on tangible assets | −3.1% | 7.3% | 6.3% | −3.8% | −9.3% | 2.2% | 2.1% | 2.2% | 3.2% | 3.6% |
| Free cash flow margin | 0.6% | 2.9% | 2.8% | 0.3% | −9.7% | 4.1% | 0.8% | 0.9% | 4.3% | −3.6% |
| Income quality (OCF / net income) | — | 1.20 | 1.20 | — | — | 4.50 | 2.14 | 1.95 | 3.39 | −1.14 |
| Financial health | ||||||||||
| Total debt | $384.7M | $541.8M | $571.9M | $552.9M | $518.5M | $289.2M | $287.0M | $301.5M | $290.7M | $211.2M |
| Cash & short-term investments | $123.2M | $96.6M | $78.8M | $59.0M | $65.5M | $151.4M | $64.6M | $83.7M | $220.1M | $43.2M |
| Net debt | $261.5M | $445.2M | $493.1M | $493.9M | $453.0M | $137.8M | $222.4M | $217.8M | $70.6M | $168.0M |
| Debt / equity | 0.82 | 1.14 | 1.47 | 2.70 | 1.45 | 0.47 | 0.53 | 0.57 | 0.51 | 0.46 |
| Debt / assets | 0.19 | 0.27 | 0.28 | 0.27 | 0.26 | 0.16 | 0.16 | 0.17 | 0.18 | 0.16 |
| Net debt / EBITDA | 7.45 | 1.48 | 1.87 | 52.54 | — | 1.39 | 2.00 | 2.25 | 0.47 | 2.00 |
| Current ratio | 1.34 | 1.35 | 1.22 | 1.09 | 1.22 | 1.49 | 1.41 | 1.46 | 1.63 | 1.41 |
| Quick ratio | 0.71 | 0.64 | 0.55 | 0.49 | 0.52 | 0.82 | 0.73 | 0.77 | 1.04 | 0.79 |
| Interest coverage | 0.5 | 7.2 | 5.6 | -1.4 | -9.8 | 3.6 | 2.7 | 2.4 | 5.1 | 4.9 |
| Working capital | $345.2M | $375.4M | $271.5M | $115.8M | $245.4M | $373.8M | $338.8M | $355.4M | $439.0M | $233.5M |
| Invested capital | $733.5M | $920.3M | $883.0M | $698.3M | $810.1M | $754.7M | $766.7M | $745.2M | $636.1M | $631.8M |
| Tangible asset value | $404.4M | $406.4M | $314.2M | $131.1M | $275.7M | $477.9M | $410.2M | $383.5M | $457.2M | $363.5M |
| Net current asset value | −$181.2M | −$101.8M | −$182.2M | −$342.4M | −$237.2M | −$78.7M | −$114.4M | −$51.0M | $55.9M | −$6.7M |
| Graham number | — | $69.64 | $60.45 | — | — | $42.72 | $39.59 | $38.65 | $47.62 | $40.68 |
| Graham net-net per share | −$40.68 | −$39.25 | −$46.74 | −$56.19 | −$46.86 | −$29.36 | −$34.34 | −$29.09 | −$18.75 | −$19.23 |
| Capital allocation | ||||||||||
| Dividends paid | $25.4M | $24.0M | $22.3M | $21.8M | $21.6M | $21.3M | $21.0M | $20.4M | $19.8M | $19.2M |
| Share buybacks (net) | $4.5M | $14.0M | $0 | $0 | — | — | — | — | $0 | $0 |
| Dividend payout ratio | — | 16.9% | 17.7% | — | — | 57.4% | 58.7% | 58.8% | 40.7% | 44.9% |
| Dividends + buybacks / free cash flow | 126.7% | 30.9% | 19.3% | 184.7% | — | 18.5% | 77.8% | 70.8% | 16.0% | — |
| Capex / revenue | 1.7% | 1.1% | 0.9% | 0.8% | 1.4% | 1.8% | 1.5% | 1.2% | 1.4% | 1.7% |
| Capex / operating cash flow | 72.6% | 28.0% | 23.5% | 70.9% | — | 31.0% | 64.8% | 57.4% | 24.9% | — |
| Capex / depreciation | 1.36 | 1.00 | 0.78 | 0.66 | 0.96 | 1.21 | 1.15 | 0.88 | 0.96 | 1.09 |
| Stock-based compensation / revenue | 0.2% | 0.5% | 0.7% | 0.2% | 0.1% | 0.0% | 0.2% | 0.2% | 0.3% | 0.2% |
| R&D / revenue | 3.6% | 3.2% | 2.9% | 2.8% | 3.5% | 3.6% | 3.5% | 3.5% | 3.6% | 4.2% |
| SG&A / revenue | 16.4% | 14.6% | 13.2% | 13.3% | 14.6% | 14.8% | 14.8% | 14.4% | 14.8% | 15.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 47.4 | 41.8 | 45.2 | 50.5 | 51.6 | 57.1 | 51.8 | 52.7 | 52.4 | 49.7 |
| Days of inventory on hand | 80.8 | 84.0 | 88.4 | 92.6 | 86.8 | 83.2 | 72.6 | 64.3 | 58.5 | 56.0 |
| Days payables outstanding | 49.4 | 51.9 | 60.7 | 64.6 | 62.5 | 63.3 | 54.2 | 54.5 | 48.1 | 44.5 |
| Cash conversion cycle (days) | 78.8 | 73.8 | 73.0 | 78.4 | 75.9 | 77.0 | 70.1 | 62.5 | 62.8 | 61.2 |
| Receivables turnover | 7.71 | 8.74 | 8.07 | 7.23 | 7.07 | 6.39 | 7.05 | 6.92 | 6.97 | 7.35 |
| Payables turnover | 7.39 | 7.03 | 6.01 | 5.65 | 5.84 | 5.77 | 6.73 | 6.69 | 7.59 | 8.21 |
| Inventory turnover | 4.52 | 4.35 | 4.13 | 3.94 | 4.20 | 4.39 | 5.03 | 5.67 | 6.24 | 6.52 |
| Asset turnover | 1.86 | 2.10 | 2.01 | 1.78 | 1.61 | 1.52 | 1.83 | 1.88 | 1.97 | 2.16 |
| Average receivables | $489.0M | $492.9M | $510.6M | $490.5M | $434.8M | $440.2M | $466.9M | $459.2M | $414.1M | $349.7M |
| Average payables | $424.5M | $485.6M | $554.6M | $551.4M | $464.5M | $406.8M | $408.5M | $400.6M | $314.1M | $261.0M |
| Average inventory | $694.3M | $785.0M | $807.6M | $790.2M | $645.2M | $534.6M | $546.8M | $472.8M | $382.1M | $328.4M |
| Intangibles / total assets | 4.4% | 4.3% | 4.5% | 4.6% | 5.4% | 9.3% | 9.0% | 10.1% | 7.0% | 8.3% |
Computed from HY's annual financial statements (latest annual report filed March 3, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HY valuation and financial ratios
Hyster-Yale earned a return on equity of −12.7% and a return on invested capital of 1.7% in fiscal 2025. It ended the year with $384.7 million of debt and $123.2 million in cash and short-term investments, net debt of $261.5 million. It returned $29.9 million to shareholders: $25.4 million in dividends and $4.5 million in share buybacks, 127% of free cash flow. The share count rose 7.9% from 16.4M to 17.7M over 9 years.
See the HY income statement, the HY chart for price history, or the HY stock overview for the latest quote and news.
HY key metrics FAQ
What is Hyster-Yale's EV/EBITDA?
Hyster-Yale's enterprise value was 22.4 times EBITDA at the end of fiscal 2025 (enterprise value $787.9 million, EBITDA $35.1 million); the current EV/EBITDA is 36.2.
What is Hyster-Yale's return on equity?
Hyster-Yale's return on equity (ROE) was −12.7% in fiscal 2025: net income of -$60.1 million on average shareholders' equity of $473.6 million.
What is Hyster-Yale's ROIC?
Hyster-Yale's return on invested capital was 1.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hyster-Yale have?
Hyster-Yale had total debt of $384.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.82 and $261.5 million of net debt (7.45 times EBITDA).
What is Hyster-Yale's dividend yield?
Hyster-Yale's forward dividend yield is 4.01%. Hyster-Yale paid $25.4 million in dividends in fiscal 2025 ($1.43 per share), a payout ratio of —.
Does Hyster-Yale buy back its shares?
Yes. Hyster-Yale spent $4.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.0% over the year, to 17.7M..
What is Hyster-Yale's free cash flow yield?
Hyster-Yale generated $23.6 million of free cash flow in fiscal 2025, a free cash flow yield of 4.5% on its market value at year-end ($526.4 million).
What is Hyster-Yale's current ratio?
Hyster-Yale's current ratio was 1.34 at the end of fiscal 2025: current assets were 1.34 times current liabilities.