Hyster-Yale Materials Handling Inc (HY)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Whoever buys today bets that the second quarter of 2026 really was the trough and that the profits of the record years find their way back into the tariff world — paying just 0.18 times revenue and collecting a near-4-percent dividend yield as waiting money. Whoever waits checks three things in every quarterly report (10-Q): do bookings and backlog keep growing, does the operating result turn as announced in the second half of 2026, and does the dividend stay payable within the credit covenants. A booked IEEPA refund would be the bonus nobody counts on. The decision is yours.
symbol.quality_note
Hyster-Yale has built forklifts under the Hyster and Yale brands for decades — and earned $142.3 million doing it as recently as 2024. Then came the tariffs: roughly $100 million in tariff-related costs pushed the company to a $60.1 million net loss in 2025, while the order backlog melted from $1.93 billion to $1.28 billion within a year. On Reddit the stock is a side note with 4 mentions in 24 hours (ApeWisdom, as of July 17, 2026) — but our in-house stock scanner lists it in two valuation rankings: price-to-sales ratio 0.18 (data as of July 10, 2026). We read the annual reports (10-K), the quarterly report (10-Q) as of March 31, 2026, and the proxy statement. Not investment advice — just the question of what a bargain is worth when its price tag was printed before the tariffs.
Read the analysis
Stock Watch
This analysis is as of July 17, 2026. Stock Watch will tell you what's changed at HY since then.
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Appears in These Scanners
This stock currently matches 2 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 33.40 $ — 44% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
Uses AIHyster-Yale setzt KI laut Geschäftsbericht (10-K) für 2025 operativ in der Produktentwicklung ein (KI-Werkzeuge zur Analyse und Konstruktion im Entwicklungsprozess) und will Automatisierung und maschinelles Lernen in den Produkten ausweiten — KI ist aber keine ausgewiesene Umsatzquelle; die Risikofaktoren behandeln nur den eigenen KI-Einsatz, nicht KI als konkrete Bedrohung des Geschäftsmodells.
View the full file — quotes, sources, reviewed filings
„The Company also utilizes artificial intelligence tools to analyze, design and enhance the efficiency and innovation of its product development process."
Das Unternehmen nutzt zudem Werkzeuge der künstlichen Intelligenz, um die Effizienz und Innovationskraft seines Produktentwicklungsprozesses zu analysieren, zu gestalten und zu verbessern.
„The Company intends to expand the use of automation and machine learning in our products, including customer-facing features. While the Company believes the use of these emerging technologies can present significant customer benefits, they also create risks and challenges."
Das Unternehmen beabsichtigt, den Einsatz von Automatisierung und maschinellem Lernen in unseren Produkten auszuweiten, einschließlich kundenseitiger Funktionen. Das Unternehmen ist zwar überzeugt, dass der Einsatz dieser neuen Technologien erhebliche Kundenvorteile bieten kann, sie schaffen jedoch auch Risiken und Herausforderungen.
„Additionally, if the Company is unable to match or surpass advances of artificial intelligence that our competitors implement for their products or for internal operations, our competitive position could be impacted."
Sollte das Unternehmen zudem nicht in der Lage sein, mit den Fortschritten der künstlichen Intelligenz mitzuhalten oder sie zu übertreffen, die unsere Wettbewerber für ihre Produkte oder ihren internen Betrieb einsetzen, könnte unsere Wettbewerbsposition beeinträchtigt werden.
Filings Reviewed: 10-Q 2026-05-05 · 10-Q 2025-11-04 · 10-Q 2025-08-05 · 10-Q 2025-05-06 · 10-K 2026-03-03 · 10-K 2025-02-25
Rated on July 17, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 37.7% above the current price.
- Consensus
- Hold
- Analyst Ratings
- 2
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -3.93 | -3.93 – -3.93 | 3,531 | -119.6% | 1 |
| 12/31/2027 | 2.07 | 0.00 – 3.70 | 3,851 | 128.5% | 2 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -2.05 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.58 | -59.70 | 1,068 | 3.90 | 1.00 | 81 | 63 |
| 2025: Q1 | 0.48 | -83.50 | 910 | -13.80 | 0.90 | -36 | -47 |
| 2025: Q2 | -0.79 | -121.90 | 957 | -18.10 | -1.50 | 29 | 15 |
| 2025: Q3 | -0.13 | -113.40 | 979 | -3.60 | -0.20 | 37 | 23 |
| 2025: Q4 | -2.96 | -610.10 | 923 | -13.50 | -5.70 | 57 | 33 |
| 2026: Q1 | -1.71 | -453.60 | 795 | -12.70 | -3.80 | -33 | -43 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 2,570 | 33 | 43 | 2.61 | -49 | 464 | 1,287 |
| 2017 | 2,885 | 74 | 49 | 2.94 | 165 | 566 | 1,648 |
| 2018 | 3,179 | 39 | 35 | 2.09 | 68 | 527 | 1,742 |
| 2019 | 3,292 | 54 | 36 | 2.14 | 77 | 544 | 1,847 |
| 2020 | 2,812 | 50 | 37 | 2.21 | 167 | 617 | 1,860 |
| 2021 | 3,076 | -152 | -173 | -10.29 | -254 | 357 | 1,970 |
| 2022 | 3,548 | -39 | -74 | -4.38 | 41 | 204 | 2,026 |
| 2023 | 4,118 | 209 | 126 | 7.24 | 151 | 390 | 2,079 |
| 2024 | 4,308 | 245 | 142 | 8.04 | 171 | 475 | 2,029 |
| 2025 | 3,769 | 18 | -60 | -3.39 | 86 | 472 | 2,021 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
One of the market share leaders in lift trucks in the Americas and worldwide (10-K 2025), $3.77 billion in revenue, a global dealer and service network, a dividend raised three times in a row and, despite the loss year, $86.1 million of operating cash flow in 2025 — the substance behind the 0.18 price-to-sales ratio is real.
Roughly $100 million in tariff costs flipped $244.8 million of operating profit into a $22.1 million loss in 2025; net −$60.1 million, another −$30.5 million in the first quarter of 2026 on roughly $30 million of additional tariff costs — and the quarterly report expects tariff expenses to rise again in Q2 2026, with mitigation not fully offsetting them.
Backlog fell from $1.93 billion (end of 2024) to $1.28 billion (end of 2025) but turned to $1.41 billion in the first quarter of 2026 on strengthening bookings; management expects Q2 2026 as the trough and a modest full-year operating profit — though three months earlier, that same trough was penciled in for the first quarter.
$505.3 million of debt against $81.8 million of cash and debt at 53 percent of capitalization (03/31/2026) stand against $192.1 million of unused credit availability and an Altman Z around 4.8; the near-4-percent dividend yield hangs on credit covenants with availability thresholds — sustainable as long as the expected earnings turn arrives.
Ten-vote Class B shares give the extended founding family 76 percent of the votes on roughly 24 percent of the shares (10-K 2025); "controlled company" status and a stockholders' agreement over the Class B shares all but rule out takeover fantasy — part of the valuation discount is structure, not cycle.
Hyster-Yale is the anchoring trap in its purest form: cheap by almost every substance metric (P/S 0.18, price-to-cash-flow around 7, a near-4-percent dividend yield), but the profits that set the anchor come from the record years 2023/2024 — before the roughly $100 million tariff bill, before the nearly halved backlog and before debt rose to 53 percent of capitalization. Against that stand strengthening bookings, a growing backlog again, running cost programs and an unpaid Supreme Court wildcard on tariff refunds. Whoever invests buys a cyclical turn at a discount — with a family at the wheel that can never be outvoted. Not investment advice.
- HY reached the research list via the Reddit hype scanner (4 mentions in 24 hours, ApeWisdom, as of July 17, 2026) — in our in-house stock scanner, by contrast, the stock sits in two valuation rankings (P/S, price-to-cash-flow; data as of July 10, 2026): attention is no buy argument here, the bargain metrics are the real story.
- Scanner metrics (P/S, price-to-cash-flow, Piotroski, Altman Z, fundamental grade, interest coverage) are computed on trailing twelve-month figures; the 2025 tariff hole and the first quarter of 2026 are in them, a potential earnings turn in the second half of 2026 naturally is not.
- Price and valuation figures dated July 10, 2026 (about $36.40 per share, about $650 million market value); analyses are evergreen, daily prices are not a buy argument. The company was named "Hyster-Yale Materials Handling, Inc." until May 2024 — older data sources partly still list the stock under that name.
About the Company
Hyster-Yale, Inc. , through its subsidiaries, provides lift trucks, attachments, parts, fleet management services, and technology and energy solutions worldwide.
| Employees | 7,500 |
|---|---|
| Headquarters | Cleveland, OH |
| Address | 5875 Landerbrook Drive, 44124-4069 Cleveland, United States |
| Phone | 440 449 9600 |
| Website | hyster-yale.com |
| IPO Date | 1. Oct 2012 |
| ISIN | US4491721050 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Alfred Marshall Rankin Jr. | Executive Chairman | 1941 |
| Rajiv K. Prasad | President, CEO, Interim Principal Financial Officer & Director | 1964 |
| Anthony James Salgado | President & CEO of Hyster-Yale Materials Handling | 1971 |
| Charles F. Pascarelli | Senior VP & President of Americas - HYMH | 1960 |
| Dena R. McKee | VP, Controller & Chief Accounting Officer | 1972 |
| Pankaj P. Shah | VP & Chief Information and Digital Officer at Hyster-Yale Materials Handling | – |
| Andrea Sejba | Director of Investor Relations and Treasury | – |
| Suzanne Schulze Taylor J.D. | Senior VP, General Counsel & Secretary | 1963 |
| Gopichand Somayajula | Senior Vice President of Global Product Development - Hyster-Yale Group, Inc. | 1957 |
| Jon C. Taylor | Chief Financial Officer of HYMH | 1965 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.