Agricultural - Machinery
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HY vs TEX
Revenue, margins, valuation, and 5-year total return — side by side.
Agricultural - Machinery
HY vs TEX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Agricultural - Machinery | Agricultural - Machinery |
| Market Cap | $652M | $4.13B |
| Revenue (TTM) | $3.65B | $5.93B |
| Net Income (TTM) | $-99M | $111M |
| Gross Margin | 15.9% | 17.3% |
| Operating Margin | -0.9% | 5.5% |
| Forward P/E | — | 13.1x |
| Total Debt | $385M | $2.81B |
| Cash & Equiv. | $123M | $772M |
HY vs TEX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Hyster-Yale Materia… (HY) | 100 | 100.4 | +0.4% |
| Terex Corporation (TEX) | 100 | 399.7 | +299.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HY vs TEX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HY is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 1.65, yield 3.9%
- Lower volatility, beta 1.65, Low D/E 78.1%, current ratio 1.34x
- Beta 1.65, yield 3.9%, current ratio 1.34x
TEX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 5.7%, EPS growth -32.9%, 3Y rev CAGR 7.1%
- 188.3% 10Y total return vs HY's -16.7%
- 5.7% revenue growth vs HY's -12.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.7% revenue growth vs HY's -12.5% | |
| Value | Better valuation composite | |
| Quality / Margins | 1.9% margin vs HY's -2.7% | |
| Stability / Safety | Beta 1.65 vs TEX's 2.13, lower leverage | |
| Dividends | 3.9% yield, 2-year raise streak, vs TEX's 1.1% | |
| Momentum (1Y) | +63.0% vs HY's -1.3% | |
| Efficiency (ROA) | 1.6% ROA vs HY's -4.9%, ROIC 8.6% vs 1.6% |
HY vs TEX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HY vs TEX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TEX leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TEX is the larger business by revenue, generating $5.9B annually — 1.6x HY's $3.7B. Profitability is closely matched — net margins range from 1.9% (TEX) to -2.7% (HY). On growth, TEX holds the edge at +41.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.7B | $5.9B |
| EBITDAEarnings before interest/tax | $3M | $444M |
| Net IncomeAfter-tax profit | -$99M | $111M |
| Free Cash FlowCash after capex | $38M | $322M |
| Gross MarginGross profit ÷ Revenue | +15.9% | +17.3% |
| Operating MarginEBIT ÷ Revenue | -0.9% | +5.5% |
| Net MarginNet income ÷ Revenue | -2.7% | +1.9% |
| FCF MarginFCF ÷ Revenue | +1.0% | +5.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -12.7% | +41.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -4.6% | +309.0% |
Valuation Metrics
HY leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, TEX's 9.7x EV/EBITDA is more attractive than HY's 14.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $652M | $4.1B |
| Enterprise ValueMkt cap + debt − cash | $913M | $6.2B |
| Trailing P/EPrice ÷ TTM EPS | -10.84x | 18.87x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 13.05x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.21x |
| EV / EBITDAEnterprise value multiple | 14.43x | 9.75x |
| Price / SalesMarket cap ÷ Revenue | 0.17x | 0.76x |
| Price / BookPrice ÷ Book value/share | 1.32x | 1.99x |
| Price / FCFMarket cap ÷ FCF | 27.62x | 12.84x |
Profitability & Efficiency
TEX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TEX delivers a 4.1% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-19 for HY. HY carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to TEX's 1.34x. On the Piotroski fundamental quality scale (0–9), TEX scores 6/9 vs HY's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -19.2% | +4.1% |
| ROA (TTM)Return on assets | -4.9% | +1.6% |
| ROICReturn on invested capital | +1.6% | +8.6% |
| ROCEReturn on capital employed | +1.8% | +9.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.78x | 1.34x |
| Net DebtTotal debt minus cash | $262M | $2.0B |
| Cash & Equiv.Liquid assets | $123M | $772M |
| Total DebtShort + long-term debt | $385M | $2.8B |
| Interest CoverageEBIT ÷ Interest expense | -0.40x | 4.74x |
Total Returns (Dividends Reinvested)
TEX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TEX five years ago would be worth $12,053 today (with dividends reinvested), compared to $5,608 for HY. Over the past 12 months, TEX leads with a +63.0% total return vs HY's -1.3%. The 3-year compound annual growth rate (CAGR) favors TEX at 10.9% vs HY's -7.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +23.4% | +14.5% |
| 1-Year ReturnPast 12 months | -1.3% | +63.0% |
| 3-Year ReturnCumulative with dividends | -21.4% | +36.5% |
| 5-Year ReturnCumulative with dividends | -43.9% | +20.5% |
| 10-Year ReturnCumulative with dividends | -16.7% | +188.3% |
| CAGR (3Y)Annualised 3-year return | -7.7% | +10.9% |
Risk & Volatility
Evenly matched — HY and TEX each lead in 1 of 2 comparable metrics.
Risk & Volatility
HY is the less volatile stock with a 1.65 beta — it tends to amplify market swings less than TEX's 2.13 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TEX currently trades 87.9% from its 52-week high vs HY's 82.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.65x | 2.13x |
| 52-Week HighHighest price in past year | $44.55 | $71.50 |
| 52-Week LowLowest price in past year | $26.41 | $38.52 |
| % of 52W HighCurrent price vs 52-week peak | +82.5% | +87.9% |
| RSI (14)Momentum oscillator 0–100 | 48.3 | 57.1 |
| Avg Volume (50D)Average daily shares traded | 84K | 1.3M |
Analyst Outlook
HY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HY as "Buy" and TEX as "Hold". Consensus price targets imply 27.7% upside for TEX (target: $80) vs 8.8% for HY (target: $40). For income investors, HY offers the higher dividend yield at 3.90% vs TEX's 1.08%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $40.00 | $80.25 |
| # AnalystsCovering analysts | 7 | 31 |
| Dividend YieldAnnual dividend ÷ price | +3.9% | +1.1% |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $1.43 | $0.68 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | +1.4% |
TEX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HY leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
HY vs TEX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is HY or TEX a better buy right now?
For growth investors, Terex Corporation (TEX) is the stronger pick with 5.
7% revenue growth year-over-year, versus -12. 5% for Hyster-Yale Materials Handling, Inc. (HY). Terex Corporation (TEX) offers the better valuation at 18. 9x trailing P/E (13. 1x forward), making it the more compelling value choice. Analysts rate Hyster-Yale Materials Handling, Inc. (HY) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — HY or TEX?
Over the past 5 years, Terex Corporation (TEX) delivered a total return of +20.
5%, compared to -43. 9% for Hyster-Yale Materials Handling, Inc. (HY). Over 10 years, the gap is even starker: TEX returned +188. 3% versus HY's -16. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — HY or TEX?
By beta (market sensitivity over 5 years), Hyster-Yale Materials Handling, Inc.
(HY) is the lower-risk stock at 1. 65β versus Terex Corporation's 2. 13β — meaning TEX is approximately 29% more volatile than HY relative to the S&P 500. On balance sheet safety, Hyster-Yale Materials Handling, Inc. (HY) carries a lower debt/equity ratio of 78% versus 134% for Terex Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — HY or TEX?
By revenue growth (latest reported year), Terex Corporation (TEX) is pulling ahead at 5.
7% versus -12. 5% for Hyster-Yale Materials Handling, Inc. (HY). On earnings-per-share growth, the picture is similar: Terex Corporation grew EPS -32. 9% year-over-year, compared to -142. 2% for Hyster-Yale Materials Handling, Inc.. Over a 3-year CAGR, TEX leads at 7. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — HY or TEX?
Terex Corporation (TEX) is the more profitable company, earning 4.
1% net margin versus -1. 6% for Hyster-Yale Materials Handling, Inc. — meaning it keeps 4. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TEX leads at 8. 8% versus 0. 5% for HY. At the gross margin level — before operating expenses — TEX leads at 19. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is HY or TEX more undervalued right now?
Analyst consensus price targets imply the most upside for TEX: 27.
7% to $80. 25.
07Which pays a better dividend — HY or TEX?
All stocks in this comparison pay dividends.
Hyster-Yale Materials Handling, Inc. (HY) offers the highest yield at 3. 9%, versus 1. 1% for Terex Corporation (TEX).
08Is HY or TEX better for a retirement portfolio?
For long-horizon retirement investors, Hyster-Yale Materials Handling, Inc.
(HY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (3. 9% yield). Terex Corporation (TEX) carries a higher beta of 2. 13 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HY: -16. 7%, TEX: +188. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between HY and TEX?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HY is a small-cap income-oriented stock; TEX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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