Hyster-Yale Materials Handling (HY) financial statements
Hyster-Yale Materials Handling reported revenue of $3.8B in fiscal 2025, up 4.3% a year over 9 years.
Net income was -$60M and the operating margin -0.6%, against 1.3% in 2016.
Free cash flow was $24M, and the company returned $25M in dividends.
The diluted share count rose 8% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hyster-Yale Materials Handling's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6B | $2.9B | $3.2B | $3.3B | $2.8B | $3.1B | $3.5B | $4.1B | $4.3B | $3.8B |
| Cost of revenue | $2.1B | $2.4B | $2.7B | $2.8B | $2.3B | $2.7B | $3.1B | $3.3B | $3.4B | $3.1B |
| Gross profit | $428M | $503M | $497M | $542M | $465M | $363M | $434M | $786M | $896M | $633M |
| Research and development | $107M | $104M | $111M | $115M | $100M | $108M | $101M | $120M | $136M | $137M |
| Selling, general and admin | $395M | $428M | $458M | $488M | $416M | $450M | $473M | $577M | $628M | $616M |
| Operating income | $33M | $74M | $39M | $54M | $50M | -$152M | -$39M | $209M | $245M | -$22M |
| Interest expense | $7M | $15M | $16M | $20M | $14M | $16M | $28M | $37M | $34M | $31M |
| Pre-tax income | $38M | $94M | $37M | $48M | $42M | -$155M | -$62M | $181M | $219M | -$43M |
| Income tax | -$4M | $45M | $2M | $11M | $4M | $28M | $9M | $53M | $75M | $15M |
| Net income | $43M | $49M | $35M | $36M | $37M | -$173M | -$74M | $126M | $142M | -$60M |
| EPS (diluted) | $2.61 | $2.94 | $2.09 | $2.14 | $2.21 | -$10.29 | -$4.38 | $7.24 | $8.04 | -$3.40 |
| Diluted shares | 16M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 18M | 18M |
| Gross margin | 16.6% | 17.4% | 15.6% | 16.5% | 16.5% | 11.8% | 12.2% | 19.1% | 20.8% | 16.8% |
| Operating margin | 1.3% | 2.6% | 1.2% | 1.6% | 1.8% | -5.0% | -1.1% | 5.1% | 5.7% | -0.6% |
| Net margin | 1.7% | 1.7% | 1.1% | 1.1% | 1.3% | -5.6% | -2.1% | 3.1% | 3.3% | -1.6% |
Balance sheet
Fiscal years, from Hyster-Yale Materials Handling's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $43M | $220M | $84M | $65M | $151M | $66M | $59M | $79M | $97M | $123M |
| Receivables | $375M | $453M | $466M | $468M | $412M | $457M | $524M | $498M | $488M | $490M |
| Inventory | $352M | $412M | $534M | $560M | $509M | $781M | $800M | $816M | $754M | $634M |
| Total current assets | $810M | $1.1B | $1.1B | $1.2B | $1.1B | $1.4B | $1.5B | $1.5B | $1.4B | $1.3B |
| Property, plant and equipment | $255M | $265M | $296M | $308M | $340M | $330M | $310M | $314M | $307M | $329M |
| Goodwill | $51M | $59M | $108M | $107M | $115M | $56M | $51M | $53M | $55M | $56M |
| Total assets | $1.3B | $1.6B | $1.7B | $1.8B | $1.9B | $2.0B | $2.0B | $2.1B | $2.0B | $2.0B |
| Total current liabilities | $576M | $692M | $776M | $817M | $756M | $1.1B | $1.3B | $1.2B | $1.1B | $1.0B |
| Long-term debt | $82M | $216M | $210M | $205M | $206M | $262M | $267M | $241M | $242M | $252M |
| Total liabilities | $817M | $1.1B | $1.2B | $1.3B | $1.2B | $1.6B | $1.8B | $1.7B | $1.5B | $1.5B |
| Shareholders' equity | $464M | $566M | $527M | $544M | $617M | $357M | $204M | $390M | $475M | $472M |
| Net debt | $89M | $64M | $204M | $215M | $137M | $453M | $494M | $415M | $344M | $371M |
Cash flow
Fiscal years, from Hyster-Yale Materials Handling's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$49M | $165M | $68M | $77M | $167M | -$254M | $41M | $151M | $171M | $86M |
| Capital spending | $43M | $41M | $39M | $50M | $52M | $44M | $29M | $35M | $48M | $62M |
| Free cash flow | -$92M | $124M | $29M | $27M | $115M | -$298M | $12M | $115M | $123M | $24M |
| Stock-based compensation | $5M | $9M | $6M | $8M | $1M | $4M | $6M | $29M | $24M | $8M |
| Dividends paid | $19M | $20M | $20M | $21M | $21M | $22M | $22M | $22M | $24M | $25M |
| Share buybacks (net) | $0 | — | — | — | — | — | $0 | $0 | $14M | $4M |
| Net borrowing | -$16M | $190M | -$72M | -$24M | -$12M | $58M | $37M | -$22M | -$30M | -$23M |
| Free cash flow margin | -3.6% | 4.3% | 0.9% | 0.8% | 4.1% | -9.7% | 0.3% | 2.8% | 2.9% | 0.6% |
| Dividends per share | $1.17 | $1.20 | $1.23 | $1.26 | $1.27 | $1.28 | $1.29 | $1.28 | $1.36 | $1.44 |
Questions
What was Hyster-Yale Materials Handling's revenue in 2025?
$3.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hyster-Yale Materials Handling generate?
$24M in fiscal 2025 (operating cash flow minus capital spending).
From Hyster-Yale Materials Handling's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.