Hyster-Yale Materials Handling (HY) Financials

$41.54 +1.95 (+4.92%)

Closing price 03:59 PM Eastern

Extended Trading

$41.48 -0.05 (-0.13%)

As of 04:28 PM Eastern

Annual Income Statements for Hyster-Yale Materials Handling

This table shows Hyster-Yale Materials Handling's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	142	126	-74
Consolidated Net Income / (Loss)	144	128	-72
Net Income / (Loss) Continuing Operations	160	128	-72
Total Pre-Tax Income	219	181	-62
Total Operating Income	245	209	-39
Total Gross Profit	896	786	434
Total Revenue	4,308	4,118	3,548
Operating Revenue	4,308	4,118	3,548
Total Cost of Revenue	3,413	3,333	3,114
Operating Cost of Revenue	3,413	3,333	3,114
Total Operating Expenses	635	577	473
Selling, General & Admin Expense	628	577	473
Impairment Charge	6.80	0.00	0.00
Total Other Income / (Expense), net	-26	-28	-23
Interest Expense	34	37	28
Interest & Investment Income	5.50	9.80	11
Other Income / (Expense), net	2.50	-0.20	-5.90
Income Tax Expense	75	53	9.20
Net Income / (Loss) Attributable to Noncontrolling Interest	1.90	2.20	2.50
Basic Earnings per Share	$8.16	$7.35	($4.38)
Weighted Average Basic Shares Outstanding	17.70M	17.49M	17.16M
Diluted Earnings per Share	$8.04	$7.24	($4.38)
Weighted Average Diluted Shares Outstanding	17.70M	17.49M	17.16M
Weighted Average Basic & Diluted Shares Outstanding	17.70M	17.49M	17.16M
Cash Dividends to Common per Share	$1.38	$1.30	$1.29

This table shows Hyster-Yale Materials Handling's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	8.60	10	17	63	52	25	36	38	27	2.00	-37
Consolidated Net Income / (Loss)	8.70	11	18	64	52	26	36	39	27	2.40	-37
Net Income / (Loss) Continuing Operations	9.40	27	18	64	52	26	36	39	27	2.40	-37
Total Pre-Tax Income	17	24	28	90	77	42	53	51	36	14	-32
Total Operating Income	21	32	33	96	84	49	59	59	43	17	-25
Total Gross Profit	178	208	193	259	236	210	204	198	174	149	87
Total Revenue	910	1,068	1,016	1,168	1,057	1,027	1,001	1,091	999	917	840
Operating Revenue	910	1,068	1,016	1,168	1,057	1,027	1,001	1,091	999	917	840
Total Cost of Revenue	733	860	823	909	821	818	798	893	825	769	753
Operating Cost of Revenue	733	860	823	909	821	818	798	893	825	769	753
Total Operating Expenses	156	160	160	164	152	161	145	139	132	132	112
Selling, General & Admin Expense	156	153	160	164	152	161	145	139	132	132	112
Restructuring Charge	-0.50	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-4.50	-8.30	-5.00	-5.60	-6.90	-7.00	-6.00	-8.00	-6.70	-3.60	-7.50
Interest Expense	7.70	7.70	8.40	8.80	8.90	9.10	9.60	8.40	10	8.50	7.70
Interest & Investment Income	2.90	-1.20	3.60	2.10	1.00	2.00	2.90	3.10	1.80	0.20	2.60
Other Income / (Expense), net	0.30	0.60	-0.20	1.10	1.00	0.10	0.70	-2.70	1.70	4.70	-2.40
Income Tax Expense	8.10	13	10	26	25	16	16	12	8.70	11	4.20
Net Income / (Loss) Attributable to Noncontrolling Interest	0.10	0.40	0.60	0.60	0.30	0.50	0.60	0.50	0.60	0.40	0.70
Basic Earnings per Share	$0.49	$0.59	$0.98	$3.62	$2.97	$1.48	$2.08	$2.23	$1.56	$0.12	($2.20)
Weighted Average Basic Shares Outstanding	17.56M	17.70M	17.50M	17.49M	17.34M	17.49M	17.18M	17.16M	17.05M	17.16M	16.92M
Diluted Earnings per Share	$0.48	$0.56	$0.97	$3.58	$2.93	$1.42	$2.06	$2.21	$1.55	$0.12	($2.20)
Weighted Average Diluted Shares Outstanding	17.77M	17.70M	17.75M	17.66M	17.59M	17.49M	17.41M	17.31M	17.21M	17.16M	16.92M
Weighted Average Basic & Diluted Shares Outstanding	17.71M	17.70M	17.51M	17.50M	17.50M	17.49M	17.19M	17.18M	-	17.16M	16.94M
Cash Dividends to Common per Share	$0.35	-	$0.35	$0.35	$0.33	-	$0.33	$0.33	$0.32	-	$0.32

This table details how cash moves in and out of Hyster-Yale Materials Handling's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	55	20	-6.50
Net Cash From Operating Activities	171	151	41
Net Cash From Continuing Operating Activities	171	151	41
Net Income / (Loss) Continuing Operations	144	128	-72
Consolidated Net Income / (Loss)	144	128	-72
Depreciation Expense	48	45	43
Amortization Expense	1.50	1.40	1.40
Non-Cash Adjustments To Reconcile Net Income	70	61	48
Changes in Operating Assets and Liabilities, net	-92	-84	19
Net Cash From Investing Activities	-48	-35	-35
Net Cash From Continuing Investing Activities	-43	-35	-35
Purchase of Property, Plant & Equipment	-48	-35	-29
Acquisitions	2.20	0.00	0.00
Purchase of Investments	0.00	-3.20	-8.40
Sale of Property, Plant & Equipment	1.80	1.90	1.30
Divestitures	0.60	1.10	0.00
Sale and/or Maturity of Investments	0.00	1.10	0.50
Net Cash From Financing Activities	-100	-101	-11
Net Cash From Continuing Financing Activities	-72	-101	-11
Repayment of Debt	-230	-162	-98
Repurchase of Common Equity	14	0.00	0.00
Payment of Dividends	-25	-24	-22
Issuance of Debt	169	85	109

This table details how cash moves in and out of Hyster-Yale Materials Handling's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-19	59	9.10	4.30	-17	0.60	13	1.10	5.60	-9.60	-7.70
Net Cash From Operating Activities	-36	81	70	-2.50	22	46	60	36	9.00	6.30	34
Net Cash From Continuing Operating Activities	-36	81	70	-2.50	22	46	60	36	9.00	6.30	34
Net Income / (Loss) Continuing Operations	8.70	11	18	64	52	26	36	39	27	7.90	-37
Consolidated Net Income / (Loss)	8.70	11	18	64	52	26	36	39	27	7.90	-37
Depreciation Expense	11	12	12	12	12	11	11	11	11	10	11
Amortization Expense	0.40	0.30	0.50	0.30	0.40	0.40	0.30	0.40	0.30	0.40	0.40
Non-Cash Adjustments To Reconcile Net Income	16	19	20	13	18	21	11	15	13	26	9.30
Changes in Operating Assets and Liabilities, net	-72	39	20	-92	-59	-13	1.70	-30	-43	-38	50
Net Cash From Investing Activities	-10	-17	-12	-12	-7.00	-15	-7.90	-6.90	-5.00	-8.20	-4.30
Net Cash From Continuing Investing Activities	-10	-13	-12	-12	-7.00	-18	-7.90	-6.90	-1.80	-17	4.10
Purchase of Property, Plant & Equipment	-11	-18	-10	-12	-7.50	-17	-8.30	-7.30	-3.30	-9.10	-4.40
Acquisitions	0.00	4.40	-	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	0.30	0.40	0.40	0.50	0.50	0.70	0.40	0.40	0.40	0.40	0.10
Divestitures	0.00	0.60	-	-	0.00	-	-	-	1.10	-	-
Net Cash From Financing Activities	26	-38	-51	19	-31	-31	-40	-26	-2.50	-9.00	-35
Net Cash From Continuing Financing Activities	26	-9.90	-51	19	-31	-28	-40	-26	-5.70	-0.60	-44
Repayment of Debt	-43	-73	-53	-54	-50	-41	-41	-41	-39	-34	-28
Repurchase of Common Equity	-4.50	23	-	-	-9.10	0.10	-	-	-0.10	-	-
Payment of Dividends	-6.20	-6.10	-6.10	-7.40	-5.70	-5.60	-5.60	-6.80	-5.60	-5.40	-5.50
Issuance of Debt	79	46	8.40	81	34	15	6.50	21	42	31	-2.20
Other Financing Activities, net	0.00	-	-	-	0.00	-	-	-	-3.20	-	-
Other Net Changes in Cash	1.40	-	1.80	-0.60	-1.50	1.10	0.30	-1.40	4.10	1.30	-

This table presents Hyster-Yale Materials Handling's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,029	2,079	2,026
Total Current Assets	1,433	1,490	1,459
Cash & Equivalents	97	79	59
Accounts Receivable	488	498	524
Inventories, net	754	816	800
Prepaid Expenses	94	98	77
Plant, Property, & Equipment, net	307	314	310
Total Noncurrent Assets	289	275	258
Long-Term Investments	56	57	59
Goodwill	55	53	51
Intangible Assets	33	39	43
Noncurrent Deferred & Refundable Income Taxes	6.70	3.00	2.60
Other Noncurrent Operating Assets	139	123	102
Total Liabilities & Shareholders' Equity	2,029	2,079	2,026
Total Liabilities	1,535	1,672	1,801
Total Current Liabilities	1,058	1,219	1,343
Short-Term Debt	199	253	286
Accounts Payable	448	524	586
Current Deferred Revenue	57	78	140
Current Employee Benefit Liabilities	106	87	64
Other Current Liabilities	241	270	245
Total Noncurrent Liabilities	477	695	725
Long-Term Debt	242	483	534
Asset Retirement Reserve & Litigation Obligation	38	51	34
Noncurrent Deferred & Payable Income Tax Liabilities	8.40	13	13
Noncurrent Employee Benefit Liabilities	0.00	0.00	6.20
Other Noncurrent Operating Liabilities	189	149	138
Redeemable Noncontrolling Interest	15	15	14
Total Equity & Noncontrolling Interests	479	392	211
Total Preferred & Common Equity	475	390	204
Total Common Equity	475	390	204
Common Stock	351	328	298
Retained Earnings	375	256	153
Treasury Stock	-14	0.00	-
Accumulated Other Comprehensive Income / (Loss)	-237	-194	-246
Noncontrolling Interest	4.10	2.10	6.50

This table presents Hyster-Yale Materials Handling's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	9/30/2022
Total Assets	2,055	2,172	2,116	2,118	2,053	2,110	1,933
Total Current Assets	1,455	1,559	1,529	1,526	1,501	1,552	1,376
Cash & Equivalents	77	76	67	62	78	66	69
Accounts Receivable	506	543	579	521	512	582	460
Inventories, net	773	855	791	842	815	820	779
Prepaid Expenses	99	86	93	101	95	84	68
Plant, Property, & Equipment, net	313	317	311	312	299	300	302
Total Noncurrent Assets	287	296	276	281	254	258	255
Long-Term Investments	52	60	53	52	54	52	56
Goodwill	51	58	52	52	51	52	49
Intangible Assets	33	36	36	37	40	41	43
Noncurrent Deferred & Refundable Income Taxes	6.90	2.80	2.70	3.00	2.60	2.90	4.80
Other Noncurrent Operating Assets	144	139	133	136	106	109	103
Total Liabilities & Shareholders' Equity	2,055	2,172	2,116	2,118	2,053	2,110	1,933
Total Liabilities	1,526	1,623	1,634	1,689	1,733	1,804	1,798
Total Current Liabilities	1,054	1,149	1,172	1,221	1,299	1,371	1,307
Short-Term Debt	241	221	253	235	267	290	272
Accounts Payable	464	528	507	566	540	577	553
Current Deferred Revenue	52	64	66	71	99	120	153
Current Employee Benefit Liabilities	65	83	67	52	70	59	51
Other Current Liabilities	221	247	272	290	313	309	278
Total Noncurrent Liabilities	472	475	462	468	433	432	490
Long-Term Debt	243	247	249	240	243	252	273
Asset Retirement Reserve & Litigation Obligation	41	38	36	46	42	35	32
Noncurrent Deferred & Payable Income Tax Liabilities	9.80	12	12	12	12	12	11
Noncurrent Employee Benefit Liabilities	0.00	5.10	4.60	4.70	5.90	6.00	7.90
Other Noncurrent Operating Liabilities	179	172	161	166	131	127	167
Redeemable Noncontrolling Interest	15	0.00	14	15	14	14	14
Total Equity & Noncontrolling Interests	514	534	468	414	306	292	122
Total Preferred & Common Equity	510	530	466	412	304	291	114
Total Common Equity	510	530	466	412	304	291	114
Common Stock	353	350	345	337	313	310	295
Retained Earnings	377	370	359	302	237	207	151
Treasury Stock	-17	-8.70	-9.10	-9.10	0.00	-0.10	0.00
Accumulated Other Comprehensive Income / (Loss)	-204	-181	-230	-218	-245	-225	-332
Noncontrolling Interest	4.30	4.10	2.20	2.30	1.80	1.80	7.50

This table displays calculated financial ratios and metrics derived from Hyster-Yale Materials Handling's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	4.61%	16.06%	15.37%
EBITDA Growth	16.24%	127,600.00%	99.80%
EBIT Growth	18.61%	563.33%	70.22%
NOPAT Growth	9.13%	639.66%	74.33%
Net Income Growth	12.57%	278.91%	60.92%
EPS Growth	11.05%	265.30%	57.43%
Operating Cash Flow Growth	13.27%	271.18%	116.02%
Free Cash Flow Firm Growth	150.31%	116.52%	-241.78%
Invested Capital Growth	2.40%	13.31%	87.40%
Revenue Q/Q Growth	0.94%	2.74%	2.53%
EBITDA Q/Q Growth	-4.97%	12.24%	99.84%
EBIT Q/Q Growth	-6.04%	14.81%	73.93%
NOPAT Q/Q Growth	-8.25%	21.61%	76.06%
Net Income Q/Q Growth	-9.42%	22.23%	62.08%
EPS Q/Q Growth	-9.66%	21.89%	58.83%
Operating Cash Flow Q/Q Growth	25.89%	35.28%	248.18%
Free Cash Flow Firm Q/Q Growth	3,401.62%	286.02%	-352.26%
Invested Capital Q/Q Growth	-11.01%	8.99%	22.50%
Profitability Metrics	-	-	-
Gross Margin	20.79%	19.08%	12.23%
EBITDA Margin	6.88%	6.19%	-0.01%
Operating Margin	5.68%	5.07%	-1.10%
EBIT Margin	5.74%	5.06%	-1.27%
Profit (Net Income) Margin	3.35%	3.11%	-2.02%
Tax Burden Percent	65.84%	70.77%	114.74%
Interest Burden Percent	88.56%	86.81%	138.67%
Effective Tax Rate	34.16%	29.23%	0.00%
Return on Invested Capital (ROIC)	20.63%	20.33%	-5.24%
ROIC Less NNEP Spread (ROIC-NNEP)	15.50%	15.56%	-25.50%
Return on Net Nonoperating Assets (RNNOA)	11.38%	20.21%	-18.31%
Return on Equity (ROE)	32.01%	40.54%	-23.55%
Cash Return on Invested Capital (CROIC)	18.27%	7.85%	-66.06%
Operating Return on Assets (OROA)	12.04%	10.16%	-3.50%
Return on Assets (ROA)	7.02%	6.24%	-5.57%
Return on Common Equity (ROCE)	30.74%	38.13%	-9.71%
Return on Equity Simple (ROE_SIMPLE)	30.35%	32.85%	-35.03%
Net Operating Profit after Tax (NOPAT)	161	148	-27
NOPAT Margin	3.74%	3.59%	-0.77%
Net Nonoperating Expense Percent (NNEP)	5.14%	4.77%	20.26%
Return On Investment Capital (ROIC_SIMPLE)	17.52%	13.10%	-2.66%
Cost of Revenue to Revenue	79.21%	80.92%	87.77%
SG&A Expenses to Revenue	14.58%	14.01%	13.33%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.74%	14.01%	13.33%
Earnings before Interest and Taxes (EBIT)	247	209	-45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	296	255	-0.20
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.88	2.68	1.99
Price to Tangible Book Value (P/TBV)	2.30	3.52	3.68
Price to Revenue (P/Rev)	0.21	0.25	0.11
Price to Earnings (P/E)	6.27	8.30	0.00
Dividend Yield	2.70%	2.13%	5.37%
Earnings Yield	15.96%	12.04%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.52	2.15	1.66
Enterprise Value to Revenue (EV/Rev)	0.28	0.40	0.32
Enterprise Value to EBITDA (EV/EBITDA)	4.05	6.52	0.00
Enterprise Value to EBIT (EV/EBIT)	4.85	7.97	0.00
Enterprise Value to NOPAT (EV/NOPAT)	7.44	11.25	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.03	11.03	27.80
Enterprise Value to Free Cash Flow (EV/FCFF)	8.41	29.15	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.89	1.81	3.64
Long-Term Debt to Equity	0.49	1.19	2.37
Financial Leverage	0.73	1.30	0.72
Leverage Ratio	4.56	6.50	4.23
Compound Leverage Factor	4.04	5.64	5.86
Debt to Total Capital	47.14%	64.38%	78.46%
Short-Term Debt to Total Capital	21.27%	22.13%	27.36%
Long-Term Debt to Total Capital	25.88%	42.26%	51.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.03%	1.48%	1.98%
Common Equity to Total Capital	50.82%	34.14%	19.56%
Debt to EBITDA	1.49	2.88	-4,099.50
Net Debt to EBITDA	0.97	2.35	-3,507.50
Long-Term Debt to EBITDA	0.82	1.89	-2,670.00
Debt to NOPAT	2.73	4.98	-29.96
Net Debt to NOPAT	1.79	4.06	-25.63
Long-Term Debt to NOPAT	1.50	3.27	-19.51
Altman Z-Score	3.35	3.02	1.99
Noncontrolling Interest Sharing Ratio	3.98%	5.95%	58.77%
Liquidity Ratios	-	-	-
Current Ratio	1.35	1.22	1.09
Quick Ratio	0.55	0.47	0.43
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	143	57	-345
Operating Cash Flow to CapEx	371.09%	449.85%	147.64%
Free Cash Flow to Firm to Interest Expense	4.22	1.53	-12.15
Operating Cash Flow to Interest Expense	5.05	4.04	1.43
Operating Cash Flow Less CapEx to Interest Expense	3.69	3.14	0.46
Efficiency Ratios	-	-	-
Asset Turnover	2.10	2.01	2.76
Accounts Receivable Turnover	8.74	8.07	0.00
Inventory Turnover	4.35	4.13	0.00
Fixed Asset Turnover	13.88	13.20	11.08
Accounts Payable Turnover	7.03	6.01	0.00
Days Sales Outstanding (DSO)	41.76	45.25	0.00
Days Inventory Outstanding (DIO)	83.96	88.45	0.00
Days Payable Outstanding (DPO)	51.94	60.75	0.00
Cash Conversion Cycle (CCC)	73.78	72.95	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	790	772	681
Invested Capital Turnover	5.52	5.67	6.79
Increase / (Decrease) in Invested Capital	19	91	318
Enterprise Value (EV)	1,199	1,662	1,129
Market Capitalization	892	1,045	407
Book Value per Share	$27.14	$22.69	$12.07
Tangible Book Value per Share	$22.13	$17.30	$6.52
Total Capital	935	1,142	1,045
Total Debt	441	735	820
Total Long-Term Debt	242	483	534
Net Debt	289	600	702
Capital Expenditures (CapEx)	46	34	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	478	445	343
Debt-free Net Working Capital (DFNWC)	574	524	402
Net Working Capital (NWC)	375	272	116
Net Nonoperating Expense (NNE)	17	20	44
Net Nonoperating Obligations (NNO)	296	365	456
Total Depreciation and Amortization (D&A)	49	47	45
Debt-free, Cash-free Net Working Capital to Revenue	11.09%	10.82%	9.66%
Debt-free Net Working Capital to Revenue	13.33%	12.73%	11.32%
Net Working Capital to Revenue	8.71%	6.59%	3.26%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$8.16	$7.35	($4.38)
Adjusted Weighted Average Basic Shares Outstanding	17.70M	17.49M	17.16M
Adjusted Diluted Earnings per Share	$8.04	$7.24	($4.38)
Adjusted Weighted Average Diluted Shares Outstanding	17.70M	17.49M	17.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.70M	17.49M	17.16M
Normalized Net Operating Profit after Tax (NOPAT)	166	148	-27
Normalized NOPAT Margin	3.85%	3.59%	-0.77%
Pre Tax Income Margin	5.08%	4.40%	-1.76%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	7.32	5.59	-1.58
NOPAT to Interest Expense	4.77	3.96	-0.96
EBIT Less CapEx to Interest Expense	5.96	4.69	-2.55
NOPAT Less CapEx to Interest Expense	3.41	3.06	-1.93
Payout Ratios	-	-	-
Dividend Payout Ratio	17.55%	18.42%	-30.73%
Augmented Payout Ratio	7.84%	18.42%	-30.73%

This table displays calculated financial ratios and metrics derived from Hyster-Yale Materials Handling's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.83%	3.92%	1.49%	7.11%	5.72%	11.97%	19.18%	21.80%	11.60%	10.57%	12.28%
EBITDA Growth	-65.94%	-25.62%	-36.39%	61.36%	73.66%	85.02%	543.13%	897.65%	764.29%	134.86%	62.88%
EBIT Growth	-74.53%	-32.58%	-44.52%	72.37%	91.42%	122.83%	317.22%	383.33%	323.74%	120.72%	50.18%
NOPAT Growth	-80.46%	-52.02%	-48.30%	51.14%	74.89%	888.84%	332.66%	508.65%	393.69%	104.05%	54.14%
Net Income Growth	-83.20%	-58.37%	-51.10%	64.69%	90.44%	970.83%	199.45%	307.49%	245.45%	102.09%	52.34%
EPS Growth	-83.62%	-60.56%	-52.91%	61.99%	89.03%	1,083.33%	193.64%	292.17%	234.78%	101.95%	52.07%
Operating Cash Flow Growth	-262.50%	76.97%	16.25%	-106.98%	148.89%	623.81%	76.83%	160.78%	-84.77%	110.21%	137.43%
Free Cash Flow Firm Growth	88.29%	93.24%	-42.57%	91.92%	-204.97%	80.71%	-147.74%	-186.66%	1,285.14%	-214.38%	311.26%
Invested Capital Growth	12.26%	2.40%	25.42%	16.68%	0.00%	13.31%	27.35%	0.00%	0.00%	87.40%	-31.11%
Revenue Q/Q Growth	-14.72%	5.06%	-13.01%	10.56%	2.85%	2.60%	-8.20%	9.14%	8.93%	9.20%	-6.18%
EBITDA Q/Q Growth	-26.67%	-0.22%	-58.78%	12.90%	60.17%	-14.67%	4.57%	21.51%	70.64%	304.38%	-88.24%
EBIT Q/Q Growth	-34.35%	0.00%	-65.98%	14.03%	73.77%	-17.71%	5.70%	26.64%	102.28%	180.22%	-37.88%
NOPAT Q/Q Growth	-23.40%	-31.32%	-69.11%	20.25%	88.07%	-25.99%	-9.70%	39.14%	963.37%	117.41%	-58.60%
Net Income Q/Q Growth	-18.69%	-39.89%	-72.14%	23.36%	101.56%	-29.40%	-6.19%	42.65%	1,033.33%	106.56%	-95.72%
EPS Q/Q Growth	-14.29%	-42.27%	-72.91%	22.18%	106.34%	-31.07%	-6.79%	42.58%	1,191.67%	105.45%	-91.30%
Operating Cash Flow Q/Q Growth	-145.11%	15.12%	2,904.00%	-111.16%	-50.88%	-24.38%	68.44%	297.78%	42.86%	-81.52%	157.89%
Free Cash Flow Firm Q/Q Growth	-2,014.11%	97.42%	-180.36%	92.34%	-1,119.81%	45.60%	84.11%	-199.58%	324.10%	-234.66%	-71.16%
Invested Capital Q/Q Growth	13.16%	-11.01%	1.89%	9.41%	3.21%	8.99%	-5.21%	0.00%	-100.00%	22.50%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.52%	19.45%	18.98%	22.20%	22.31%	20.41%	20.34%	18.15%	17.45%	16.22%	10.34%
EBITDA Margin	3.62%	4.22%	4.44%	9.37%	9.17%	5.89%	7.08%	6.22%	5.58%	3.56%	-1.90%
Operating Margin	2.34%	3.03%	3.26%	8.18%	7.93%	4.74%	5.85%	5.39%	4.26%	1.87%	-2.96%
EBIT Margin	2.37%	3.08%	3.24%	8.28%	8.03%	4.75%	5.92%	5.14%	4.43%	2.39%	-3.25%
Profit (Net Income) Margin	0.96%	1.00%	1.75%	5.47%	4.90%	2.50%	3.64%	3.56%	2.72%	0.26%	-4.36%
Tax Burden Percent	51.79%	44.58%	63.35%	71.00%	67.36%	61.63%	69.20%	76.38%	75.77%	17.65%	112.96%
Interest Burden Percent	77.78%	72.95%	85.41%	93.07%	90.68%	85.45%	88.70%	90.55%	81.04%	62.10%	118.68%
Effective Tax Rate	48.21%	55.42%	36.65%	29.00%	32.64%	38.37%	30.80%	23.62%	24.23%	82.35%	0.00%
Return on Invested Capital (ROIC)	5.96%	7.44%	11.03%	30.53%	56.00%	16.56%	25.68%	42.41%	0.00%	2.25%	-10.53%
ROIC Less NNEP Spread (ROIC-NNEP)	5.33%	6.32%	10.18%	29.58%	53.47%	15.51%	24.66%	39.64%	0.00%	1.96%	-15.87%
Return on Net Nonoperating Assets (RNNOA)	4.07%	4.64%	8.84%	31.16%	45.76%	20.16%	43.74%	57.08%	0.00%	1.41%	-17.66%
Return on Equity (ROE)	10.03%	12.08%	19.87%	61.69%	101.77%	36.72%	69.42%	99.49%	0.00%	3.65%	-28.19%
Cash Return on Invested Capital (CROIC)	2.16%	18.27%	-0.54%	8.72%	-156.85%	7.85%	-4.85%	-188.25%	0.00%	-66.06%	20.07%
Operating Return on Assets (OROA)	4.73%	6.46%	6.54%	16.66%	15.82%	9.53%	11.91%	9.38%	0.00%	6.59%	-5.70%
Return on Assets (ROA)	1.91%	2.10%	3.54%	11.01%	9.66%	5.02%	7.31%	6.49%	0.00%	0.72%	-7.65%
Return on Common Equity (ROCE)	9.65%	11.60%	19.40%	59.18%	97.69%	34.54%	63.69%	94.39%	0.00%	1.51%	-25.77%
Return on Equity Simple (ROE_SIMPLE)	19.82%	0.00%	30.04%	38.18%	37.05%	0.00%	34.43%	10.95%	0.00%	0.00%	-165.61%
Net Operating Profit after Tax (NOPAT)	11	14	21	68	56	30	41	45	32	3.04	-17
NOPAT Margin	1.21%	1.35%	2.06%	5.81%	5.34%	2.92%	4.05%	4.12%	3.23%	0.33%	-2.07%
Net Nonoperating Expense Percent (NNEP)	0.64%	1.12%	0.85%	0.96%	2.53%	1.05%	1.03%	2.77%	0.00%	0.29%	5.34%
Return On Investment Capital (ROIC_SIMPLE)	1.10%	1.57%	-	-	-	2.66%	-	-	-	0.29%	-
Cost of Revenue to Revenue	80.48%	80.55%	81.02%	77.80%	77.69%	79.59%	79.66%	81.85%	82.55%	83.78%	89.66%
SG&A Expenses to Revenue	17.16%	14.30%	15.73%	14.01%	14.38%	15.67%	14.48%	12.75%	13.19%	14.34%	13.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.10%	14.94%	15.73%	14.01%	14.38%	15.67%	14.48%	12.75%	13.19%	14.34%	13.31%
Earnings before Interest and Taxes (EBIT)	22	33	33	97	85	49	59	56	44	22	-27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	45	45	109	97	61	71	68	56	33	-16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.44	1.88	2.11	2.62	2.66	2.68	2.46	3.22	0.00	1.99	3.04
Price to Tangible Book Value (P/TBV)	1.73	2.30	2.56	3.23	3.40	3.52	3.50	4.75	0.00	3.68	15.92
Price to Revenue (P/Rev)	0.18	0.21	0.26	0.29	0.26	0.25	0.19	0.24	0.23	0.11	0.10
Price to Earnings (P/E)	7.40	6.27	7.10	6.94	7.28	8.30	7.29	31.59	0.00	0.00	0.00
Dividend Yield	3.37%	2.70%	2.12%	1.90%	2.04%	2.13%	2.97%	2.37%	2.67%	5.37%	6.32%
Earnings Yield	13.52%	15.96%	14.09%	14.41%	13.74%	12.04%	13.72%	3.17%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.52	1.64	1.86	1.85	2.15	1.61	1.84	0.00	1.66	1.42
Enterprise Value to Revenue (EV/Rev)	0.27	0.28	0.34	0.38	0.35	0.40	0.29	0.36	0.00	0.32	0.23
Enterprise Value to EBITDA (EV/EBITDA)	4.77	4.05	4.66	4.79	4.98	6.52	5.03	9.80	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	6.03	4.85	5.52	5.59	5.92	7.97	6.29	14.48	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.57	7.44	8.27	8.30	8.58	11.25	9.41	31.34	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.91	7.03	10.72	12.87	8.99	11.03	10.26	16.14	0.00	27.80	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	60.66	8.41	0.00	22.95	0.00	29.15	0.00	0.00	0.00	0.00	5.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.91	0.89	0.88	1.04	1.11	1.81	1.59	1.77	0.00	3.64	4.03
Long-Term Debt to Equity	0.46	0.49	0.46	0.52	0.56	1.19	0.76	0.82	0.00	2.37	2.02
Financial Leverage	0.76	0.73	0.87	1.05	0.86	1.30	1.77	1.44	0.00	0.72	1.11
Leverage Ratio	4.35	4.56	4.94	5.36	4.93	6.50	8.74	6.89	0.00	4.23	6.11
Compound Leverage Factor	3.39	3.33	4.22	4.99	4.47	5.55	7.76	6.24	0.00	2.63	7.25
Debt to Total Capital	47.76%	47.14%	46.73%	51.01%	52.52%	64.38%	61.43%	63.91%	0.00%	78.46%	80.12%
Short-Term Debt to Total Capital	23.82%	21.27%	22.05%	25.75%	26.00%	22.13%	32.17%	34.19%	0.00%	27.36%	40.05%
Long-Term Debt to Total Capital	23.94%	25.88%	24.68%	25.25%	26.51%	42.26%	29.26%	29.72%	0.00%	51.10%	40.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.91%	2.03%	0.41%	1.67%	1.90%	1.48%	1.95%	1.85%	0.00%	1.98%	3.12%
Common Equity to Total Capital	50.33%	50.82%	52.86%	47.33%	45.58%	34.14%	36.62%	34.24%	0.00%	19.56%	16.73%
Debt to EBITDA	2.08	1.49	1.50	1.49	1.60	2.88	2.25	3.87	0.00	-4,099.50	-4.30
Net Debt to EBITDA	1.53	0.97	1.07	1.13	1.22	2.35	1.66	3.03	0.00	-3,507.50	-3.32
Long-Term Debt to EBITDA	1.04	0.82	0.79	0.74	0.81	1.89	1.07	1.80	0.00	-2,670.00	-2.15
Debt to NOPAT	4.17	2.73	2.67	2.57	2.76	4.98	4.20	12.36	0.00	-29.96	-4.77
Net Debt to NOPAT	3.06	1.79	1.90	1.96	2.10	4.06	3.11	9.68	0.00	-25.63	-3.68
Long-Term Debt to NOPAT	2.09	1.50	1.41	1.27	1.39	3.27	2.00	5.75	0.00	-19.51	-2.38
Altman Z-Score	2.84	3.01	2.89	3.05	2.87	2.76	2.59	2.46	0.00	2.10	2.01
Noncontrolling Interest Sharing Ratio	3.82%	3.98%	2.38%	4.07%	4.01%	5.95%	8.25%	5.13%	0.00%	58.77%	8.60%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	1.35	1.36	1.31	1.25	1.22	1.16	1.13	0.00	1.09	1.05
Quick Ratio	0.55	0.55	0.54	0.55	0.48	0.47	0.45	0.47	0.00	0.43	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-87	-4.10	-159	-57	-740	-61	-112	-702	705	-315	234
Operating Cash Flow to CapEx	-353.40%	461.14%	715.31%	-21.37%	320.00%	288.61%	763.29%	518.84%	310.34%	72.41%	793.02%
Free Cash Flow to Firm to Interest Expense	-11.26	-0.53	-18.93	-6.45	-83.17	-6.67	-11.62	-83.59	69.13	-37.02	30.35
Operating Cash Flow to Interest Expense	-4.73	10.48	8.35	-0.28	2.52	5.01	6.28	4.26	0.88	0.74	4.43
Operating Cash Flow Less CapEx to Interest Expense	-6.06	8.21	7.18	-1.61	1.73	3.27	5.46	3.44	0.60	-0.28	3.87
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.99	2.10	2.02	2.01	1.97	2.01	2.01	1.82	0.00	2.76	1.76
Accounts Receivable Turnover	8.11	8.74	8.09	7.33	8.02	8.07	8.25	6.61	0.00	0.00	7.40
Inventory Turnover	4.12	4.35	4.03	4.15	3.95	4.13	4.12	3.95	0.00	0.00	4.05
Fixed Asset Turnover	13.32	13.88	13.87	13.92	13.39	13.20	13.34	12.82	0.00	11.08	11.03
Accounts Payable Turnover	6.46	7.03	6.31	6.17	5.88	6.01	6.01	5.62	0.00	0.00	5.69
Days Sales Outstanding (DSO)	45.01	41.76	45.09	49.81	45.50	45.25	44.26	55.22	0.00	0.00	49.36
Days Inventory Outstanding (DIO)	88.63	83.96	90.47	87.89	92.32	88.45	88.61	92.40	0.00	0.00	90.14
Days Payable Outstanding (DPO)	56.54	51.94	57.84	59.13	62.05	60.75	60.75	65.00	0.00	0.00	64.17
Cash Conversion Cycle (CCC)	77.11	73.78	77.72	78.58	75.76	72.95	72.12	82.63	0.00	0.00	75.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	894	790	888	872	797	772	708	747	0.00	681	556
Invested Capital Turnover	4.92	5.52	5.35	5.25	10.48	5.67	6.34	10.30	0.00	6.79	5.08
Increase / (Decrease) in Invested Capital	98	19	180	125	797	91	152	747	-673	318	-251
Enterprise Value (EV)	1,109	1,199	1,453	1,619	1,475	1,662	1,143	1,375	0.00	1,129	788
Market Capitalization	735	892	1,116	1,220	1,098	1,045	749	935	830	407	345
Book Value per Share	$28.82	$27.14	$30.28	$26.62	$23.77	$22.69	$17.72	$16.93	$0.00	$12.07	$6.73
Tangible Book Value per Share	$24.06	$22.13	$24.88	$21.62	$18.62	$17.30	$12.44	$11.48	$0.00	$6.52	$1.28
Total Capital	1,013	935	1,003	984	904	1,142	831	849	0.00	1,045	680
Total Debt	484	441	469	502	475	735	511	542	0.00	820	545
Total Long-Term Debt	243	242	247	249	240	483	243	252	0.00	534	273
Net Debt	355	289	333	383	361	600	378	425	0.00	702	421
Capital Expenditures (CapEx)	10	18	9.80	12	7.00	16	7.90	6.90	2.90	8.70	4.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	565	478	556	545	478	445	391	405	0.00	343	272
Debt-free Net Working Capital (DFNWC)	642	574	632	611	540	524	469	471	0.00	402	341
Net Working Capital (NWC)	401	375	411	358	305	272	202	181	0.00	116	68
Net Nonoperating Expense (NNE)	2.33	3.70	3.17	3.98	4.65	4.31	4.15	6.11	5.08	0.64	19
Net Nonoperating Obligations (NNO)	365	296	354	390	367	365	388	441	0.00	456	421
Total Depreciation and Amortization (D&A)	11	12	12	13	12	12	12	12	12	11	11
Debt-free, Cash-free Net Working Capital to Revenue	13.58%	11.09%	13.03%	12.81%	11.45%	10.82%	9.75%	10.54%	0.00%	9.66%	7.86%
Debt-free Net Working Capital to Revenue	15.43%	13.33%	14.80%	14.37%	12.94%	12.73%	11.70%	12.24%	0.00%	11.32%	9.84%
Net Working Capital to Revenue	9.63%	8.71%	9.62%	8.41%	7.31%	6.59%	5.03%	4.70%	0.00%	3.26%	1.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.59	$0.98	$3.62	$2.97	$1.48	$0.00	$2.23	$0.00	$0.12	($2.20)
Adjusted Weighted Average Basic Shares Outstanding	17.56M	17.70M	17.50M	17.49M	17.34M	17.49M	0.00	17.16M	0.00	17.16M	16.92M
Adjusted Diluted Earnings per Share	$0.48	$0.56	$0.97	$3.58	$2.93	$1.42	$0.00	$2.21	$0.00	$0.12	($2.20)
Adjusted Weighted Average Diluted Shares Outstanding	17.77M	17.70M	17.75M	17.66M	17.59M	17.49M	0.00	17.31M	0.00	17.16M	16.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.71M	17.70M	17.51M	17.50M	17.50M	17.49M	0.00	17.18M	0.00	17.16M	16.94M
Normalized Net Operating Profit after Tax (NOPAT)	11	23	21	68	56	30	41	45	32	12	-17
Normalized NOPAT Margin	1.18%	2.12%	2.06%	5.81%	5.34%	2.92%	4.05%	4.12%	3.23%	1.31%	-2.07%
Pre Tax Income Margin	1.85%	2.25%	2.77%	7.70%	7.28%	4.06%	5.25%	4.66%	3.59%	1.48%	-3.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.81	4.27	3.92	10.99	9.53	5.36	6.18	6.68	4.34	2.58	-3.55
NOPAT to Interest Expense	1.43	1.87	2.50	7.71	6.34	3.30	4.22	5.35	3.16	0.36	-2.26
EBIT Less CapEx to Interest Expense	1.47	2.00	2.75	9.66	8.74	3.63	5.35	5.86	4.06	1.55	-4.10
NOPAT Less CapEx to Interest Expense	0.09	-0.40	1.33	6.38	5.56	1.56	3.40	4.53	2.88	-0.67	-2.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.52%	17.55%	15.58%	13.67%	15.52%	18.42%	22.33%	73.27%	-86.38%	-30.73%	-11.65%
Augmented Payout Ratio	7.12%	7.84%	15.58%	13.67%	15.52%	18.42%	22.33%	73.27%	-86.38%	-30.73%	-11.65%

Frequently Asked Questions About Hyster-Yale Materials Handling's Financials

When does Hyster-Yale Materials Handling's financial year end?

According to the most recent income statement we have on file, Hyster-Yale Materials Handling's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hyster-Yale Materials Handling's net income changed over the last 2 years?

Hyster-Yale Materials Handling's net income appears to be on an upward trend, with a most recent value of $144.20 million in 2024, falling from -$71.60 million in 2022. The previous period was $128.10 million in 2023. See where experts think Hyster-Yale Materials Handling is headed by visiting Hyster-Yale Materials Handling's forecast page.

What is Hyster-Yale Materials Handling's operating income?

Hyster-Yale Materials Handling's total operating income in 2024 was $244.80 million, based on the following breakdown:

Total Gross Profit: $895.50 million
Total Operating Expenses: $634.90 million

How has Hyster-Yale Materials Handling revenue changed over the last 2 years?

Over the last 2 years, Hyster-Yale Materials Handling's total revenue changed from $3.55 billion in 2022 to $4.31 billion in 2024, a change of 21.4%.

How much debt does Hyster-Yale Materials Handling have?

Hyster-Yale Materials Handling's total liabilities were at $1.54 billion at the end of 2024, a 8.2% decrease from 2023, and a 14.8% decrease since 2022.

How much cash does Hyster-Yale Materials Handling have?

In the past 2 years, Hyster-Yale Materials Handling's cash and equivalents has ranged from $59 million in 2022 to $96.60 million in 2024, and is currently $96.60 million as of their latest financial filing in 2024.

How has Hyster-Yale Materials Handling's book value per share changed over the last 2 years?

Over the last 2 years, Hyster-Yale Materials Handling's book value per share changed from 12.07 in 2022 to 27.14 in 2024, a change of 124.9%.

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This page (NYSE:HY) was last updated on 5/27/2025 by MarketBeat.com Staff

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Hyster-Yale Materials Handling (HY) Financials

Frequently Asked Questions About Hyster-Yale Materials Handling's Financials

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Hyster-Yale Materials Handling (HY) Financials

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