Hyster-Yale Materials Handling, Inc. (HY) Financial Ratios
24 years of historical data (2002–2025) · Industrials · Agricultural - Machinery
EV/EBITDA
↓
15.14
↓-75% vs avg
5yr avg: 59.40
30Y Low4.6·High16.9
P/FCF
↓
29.54
↑+57% vs avg
5yr avg: 18.82
30Y Low7.3·High36.5
P/B Ratio
↓
1.41
↓-24% vs avg
5yr avg: 1.85
30Y Low1.1·High3.5
ROE
↑
-12.2%
↑-4400% vs avg
5yr avg: 0.3%
30Y Low-111%·High40%
Debt/EBITDA
↓
6.08
↓-82% vs avg
5yr avg: 34.69
30Y Low0.2·High45.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hyster-Yale Materials Handling, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 29.5x P/FCF, 57% above the 5-year average of 18.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $697M | $526M | $902M | $1.1B | $428M | $691M | $1.0B | $986M | $1.0B | $1.4B | $1.0B |
| Enterprise Value | $959M | $788M | $1.3B | $1.6B | $922M | $1.1B | $1.1B | $1.2B | $1.2B | $1.5B | $1.2B |
| P/E Ratio → | -11.59 | — | 6.33 | 8.59 | — | — | 26.95 | 27.55 | 29.65 | 28.97 | 24.43 |
| P/S Ratio | 0.18 | 0.14 | 0.21 | 0.26 | 0.12 | 0.22 | 0.36 | 0.30 | 0.32 | 0.49 | 0.41 |
| P/B Ratio | 1.41 | 1.07 | 1.83 | 2.66 | 1.90 | 1.81 | 1.54 | 1.71 | 1.84 | 2.46 | 2.23 |
| P/FCF | 29.54 | 22.30 | 7.34 | 9.38 | 36.25 | — | 8.68 | 36.52 | 35.72 | 11.37 | — |
| P/OCF | 8.10 | 6.11 | 5.28 | 7.17 | 10.54 | — | 5.99 | 12.86 | 15.22 | 8.54 | — |
P/E links to full P/E history page with 30-year chart
HY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hyster-Yale Materials Handling, Inc.'s enterprise value stands at 15.1x EBITDA, 75% below its 5-year average of 59.4x. The Industrials sector median is 13.9x, placing the stock at a 9% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.21 | 0.31 | 0.38 | 0.26 | 0.37 | 0.40 | 0.37 | 0.39 | 0.51 | 0.47 |
| EV / EBITDA | 15.14 | 12.45 | 4.61 | 6.20 | 214.34 | — | 12.26 | 12.43 | 15.05 | 12.63 | 16.88 |
| EV / EBIT | 54.77 | 45.02 | 5.33 | 7.21 | — | — | 20.36 | 17.85 | 23.70 | 13.62 | 27.01 |
| EV / FCF | — | 33.38 | 10.96 | 13.65 | 78.11 | — | 9.88 | 44.76 | 43.28 | 11.94 | — |
HY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hyster-Yale Materials Handling, Inc. earns an operating margin of 0.5%, below the Industrials sector average of 4.3%. Operating margins have compressed from 5.1% to 0.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -12.2% indicates the company is currently destroying shareholder equity. ROIC of 1.6% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.8% | 16.8% | 20.8% | 19.1% | 12.2% | 11.8% | 16.5% | 16.5% | 15.6% | 17.4% | 16.6% |
| Operating Margin | 0.5% | 0.5% | 5.7% | 5.1% | -1.1% | -5.0% | 1.8% | 1.6% | 1.2% | 2.6% | 1.3% |
| Net Profit Margin | -1.6% | -1.6% | 3.3% | 3.1% | -2.1% | -5.6% | 1.3% | 1.1% | 1.1% | 1.7% | 1.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.2% | -12.2% | 31.6% | 39.8% | -24.4% | -33.5% | 6.0% | 6.3% | 6.1% | 9.3% | 9.2% |
| ROA | -3.0% | -3.0% | 6.9% | 6.1% | -3.7% | -9.0% | 2.0% | 2.0% | 2.0% | 3.3% | 3.6% |
| ROIC | 1.6% | 1.6% | 20.0% | 19.3% | -3.8% | -14.1% | 4.7% | 5.1% | 4.1% | 8.7% | 4.9% |
| ROCE | 1.8% | 1.8% | 26.7% | 27.0% | -5.0% | -15.5% | 4.7% | 5.4% | 4.0% | 8.9% | 5.1% |
HY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hyster-Yale Materials Handling, Inc. carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (88% above the sector average of 3.2x). Net debt stands at $262M ($385M total debt minus $123M cash). Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 1.10 | 1.41 | 2.46 | 1.35 | 0.44 | 0.50 | 0.54 | 0.51 | 0.45 |
| Debt / EBITDA | 6.08 | 6.08 | 1.85 | 2.25 | 128.58 | — | 3.12 | 2.95 | 3.64 | 2.49 | 2.93 |
| Net Debt / Equity | — | 0.53 | 0.90 | 1.21 | 2.19 | 1.18 | 0.21 | 0.39 | 0.39 | 0.12 | 0.36 |
| Net Debt / EBITDA | 4.13 | 4.13 | 1.52 | 1.94 | 114.86 | — | 1.48 | 2.29 | 2.63 | 0.60 | 2.33 |
| Debt / FCF | — | 11.08 | 3.62 | 4.28 | 41.86 | — | 1.20 | 8.24 | 7.56 | 0.57 | — |
| Interest Coverage | 0.54 | 0.54 | 7.48 | 5.85 | -1.20 | -8.99 | 4.08 | 3.42 | 3.29 | 7.42 | 6.72 |
HY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.34x means Hyster-Yale Materials Handling, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.71x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.22x to 1.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.34 | 1.34 | 1.35 | 1.22 | 1.09 | 1.22 | 1.49 | 1.41 | 1.46 | 1.63 | 1.41 |
| Quick Ratio | 0.71 | 0.71 | 0.64 | 0.55 | 0.49 | 0.52 | 0.82 | 0.73 | 0.77 | 1.04 | 0.79 |
| Cash Ratio | 0.12 | 0.12 | 0.09 | 0.06 | 0.04 | 0.06 | 0.20 | 0.08 | 0.11 | 0.32 | 0.07 |
| Asset Turnover | — | 1.87 | 2.12 | 1.98 | 1.75 | 1.56 | 1.51 | 1.78 | 1.82 | 1.75 | 2.00 |
| Inventory Turnover | 4.94 | 4.94 | 4.52 | 4.09 | 3.90 | 3.47 | 4.61 | 4.91 | 5.03 | 5.78 | 6.08 |
| Days Sales Outstanding | — | 47.41 | 41.38 | 44.09 | 53.86 | 54.28 | 53.49 | 51.93 | 53.45 | 57.31 | 53.31 |
HY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hyster-Yale Materials Handling, Inc. returns 4.3% to shareholders annually — split between a 3.6% dividend yield and 0.6% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 4.8% | 2.7% | 2.1% | 5.1% | 3.1% | 2.1% | 2.1% | 2.0% | 1.4% | 1.8% |
| Payout Ratio | — | — | 16.9% | 17.7% | — | — | 57.4% | 58.7% | 58.8% | 40.7% | 44.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 15.8% | 11.6% | — | — | 3.7% | 3.6% | 3.4% | 3.5% | 4.1% |
| FCF Yield | 3.4% | 4.5% | 13.6% | 10.7% | 2.8% | — | 11.5% | 2.7% | 2.8% | 8.8% | — |
| Buyback Yield | 0.6% | 0.9% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 5.7% | 4.2% | 2.1% | 5.1% | 3.1% | 2.1% | 2.1% | 2.0% | 1.4% | 1.8% |
| Shares Outstanding | — | $18M | $18M | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $16M |
Peer Comparison
Compare HY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HYYou | $697M | -11.6 | 15.1 | 29.5 | 16.8% | 0.5% | -12.2% | 1.6% | 6.1 |
 MCRI | $2B | 24.1 | 11.9 | 18.2 | 45.1% | 25.1% | 19.2% | 21.8% | 0.1 |
 TITN | $482M | -8.7 | 36.7 | 4.2 | 15.8% | -0.1% | -9.1% | -0.1% | 23.7 |
 AGCO | $8B | 11.7 | 9.8 | 11.1 | 24.8% | 6.9% | 16.9% | 8.3% | 2.6 |
 TEX | $4B | 20.1 | 10.2 | 13.7 | 19.4% | 8.8% | 11.3% | 8.6% | 4.4 |
 MTW | $473M | 65.8 | 8.0 | — | 18.1% | 2.6% | 1.1% | 3.9% | 4.8 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 OSK | $67B | 13.9 | 57.8 | 107.7 | 16.9% | 9.1% | 14.9% | 13.5% | 1.3 |
 HLIO | $3B | 62.4 | 23.5 | 28.9 | 32.3% | 7.9% | 5.4% | 4.4% | 0.9 |
 PLUG | $3B | -2.0 | — | — | -34.1% | -95.7% | -116.1% | -24.7% | — |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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HY — Frequently Asked Questions
Quick answers to the most common questions about buying HY stock.
What is Hyster-Yale Materials Handling, Inc.'s P/E ratio?
Hyster-Yale Materials Handling, Inc.'s current P/E ratio is -11.6x. The historical average is 18.0x.
What is Hyster-Yale Materials Handling, Inc.'s EV/EBITDA?
Hyster-Yale Materials Handling, Inc.'s current EV/EBITDA is 15.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
What is Hyster-Yale Materials Handling, Inc.'s ROE?
Hyster-Yale Materials Handling, Inc.'s return on equity (ROE) is -12.2%. The historical average is 3.1%.
Is HY stock overvalued?
Based on historical data, Hyster-Yale Materials Handling, Inc. is trading at a P/E of -11.6x. Compare with industry peers and growth rates for a complete picture.
What is Hyster-Yale Materials Handling, Inc.'s dividend yield?
Hyster-Yale Materials Handling, Inc.'s current dividend yield is 3.65%.
What are Hyster-Yale Materials Handling, Inc.'s profit margins?
Hyster-Yale Materials Handling, Inc. has 16.8% gross margin and 0.5% operating margin.
How much debt does Hyster-Yale Materials Handling, Inc. have?
Hyster-Yale Materials Handling, Inc.'s Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.