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← CockpitCompetitor Analysis › HY Hyster-Yale, Inc. Class AOpen in the cockpit ↗

Hyster-Yale, Inc. Class AHYCompetitor analysis, valuation and peers

United States · USD·Industrials›Industrial Machinery
Momentum weak 22
Mkt cap
$509M
US dollars, full cap
Free float
65%
of shares outstanding
$/day
$4.10M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-14.1 pp
WACC 9.5%
Hurdle
+26 pp
Req g minus delivered
Next earnings
115 days
1 Mar 2027
Close · USD$28.41
1D+5.4%
1W-0.3%
1M-12.6%
3M-19.1%
6M-23.7%
YTD-4.4%
1Y-16.6%
ATR %5.2%
Beta1.64
52w lowhigh31.2% off high

What Hyster-Yale does

Employees: 7,500

Hyster-Yale at a glance

Size Hyster-Yale (HY) is a United States Industrials company (Industrial Machinery) with a market value of $509M, the 2684th largest of 3,117 United States companies the cockpit tracks. Shares closed at $28.41 on 6 Nov 2026.

Performance Over six months the shares fell 23.7%, against -23.0% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue fell 11.1% over the last twelve months (peer median +4.3%); the operating margin is -1.4% (peer median 4.2%).

Valuation It trades at 0.3× enterprise value to sales against a peer median of 2.4× (cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +26 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 14.1 points below its cost of capital (9.5% WACC).

Short interest Short interest is 4.9% of the free float (15 Oct 2026).

Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026HY 78Peer median 76
Six months, rebased to 100: Hyster-Yale against the median of its 20 peers (local-currency closes).

Hyster-Yale financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.51B$3.77B$4.31B$4.12B$3.55B
Revenue growth—-13%+5%+16%—
Gross profit$545M$634M$938M$827M$501M
EBITDA-$5.00M$63.3M$358M$297M$74.6M
Net income-$117M-$60.1M$142M$126M-$74.1M
Free cash flow$14.8M$23.6M$123M$115M$11.8M
Capital expenditure$62.6M$62.5M$47.8M$35.4M$28.8M
Total debt$500M$642M$542M$572M$613M

Quarterly statements and history in the cockpit →

Hyster-Yale competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-40%-20%0%64596458NMAN300193IQE60365600133227293014592402600980300385002388002564300690300756300411HY6-month return →1-month return →
Up and to the right = strong over both horizons. Hyster-Yale is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%0×5×10×64596458300193IQE60365600133227293014592402003028300385002564300690300756300411300490HYRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hyster-Yale is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%6458NMAN300193603656001332003028600980300385002388002564300690300411301199HYGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Hyster-Yale is the large dot.

Hyster-Yale competitors and peer comparison

How Hyster-Yale compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hyster-Yale against its 20 peers (data as of 6 Nov 2026)
MeasureHYPeer medianRank in peer set
1-month return-12.6%-7.2%10th lowest of 21
6-month return-23.7%-23.0%11th highest of 21
Distance from 52-week high-31.2%-40.3%6th highest of 21
Revenue growth (TTM)-11.1%+4.3%3rd lowest of 21
Operating margin-1.4%4.2%6th lowest of 21
EV / Sales0.3×2.4×cheapest of 21
Growth the price implies (Req g, 7 yrs)32.0%10.9%most demanding of 14
Growth delivered (Del g)+6.0%+5.5%7th highest of 14
Hurdle (Req g minus delivered)+26.0 pp+5.9 pp4th most demanding of 14
ROIC minus cost of capital-14.1 pp-3.6 pp4th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Hyster-Yale HYUnited States$509M-24%-11%-1%0.3×32.0%+6.0%
Daiwa 6459.TJapan$507M-19%0%15%0.4×n/an/a
Sinko Industries 6458.TJapan$507M-8%+2%15%1.3×-1.4%+8.7%
Nederman NMAN.STSweden$512M+22%-6%8%1.3×4.4%+9.5%
Shenzhen Jasic Technology 300193.SZChina$506M-17%+21%14%1.4×-0.1%+4.5%
IQE IQE.LUnited Kingdom$514M-39%+20%-11%3.4×n/an/a
Hefei Taihe Intelligent Technology 603656.SSChina$505M-6%+15%5%4.5×30.5%+5.5%
Wuxi Chemical Equipment 001332.SZChina$517M-50%-10%11%1.9×10.2%+7.3%
Zhejiang Galaxis Technology 2729.HKHong Kong$518M-74%+26%-4%3.6×n/an/a
Zhejiang Fengmao Technology 301459.SZChina$500M-13%+4%8%3.9×n/an/a
Beijing SinoHytec 2402.HKHong Kong$519M-56%+82%-204%10.7×n/an/a
Genbyte Technology 003028.SZChina$499M-16%+10%1%1.9×-15.9%+6.6%
BGRIMM Technology 600980.SSChina$499M-25%+13%11%2.0×12.9%+19.1%
Wuxi Xuelang Environmental Technology 300385.SZChina$499M-38%-23%-47%10.5×9.5%-22.0%
Sunyes Manufacturing (Zhejiang) 002388.SZChina$499M+32%0%2%2.1×25.0%-1.1%
Suzhou Thvow Technology 002564.SZChina$521M-33%-9%4%3.0×27.5%-19.9%
Shandong Shuangyi Technology 300690.SZChina$521M-26%+15%15%2.5×10.9%-6.3%
Guangdong Jinma Entertainment 300756.SZChina$521M-59%-8%0%5.0×n/an/a
Zhejiang Jindun Fans 300411.SZChina$496M-21%-25%-14%8.9×10.9%-14.0%
MH Robot & Automation 301199.SZChina$496M-18%+5%6%2.2×15.5%+9.5%
HNAC Technology 300490.SZChina$525M-57%+79%0%1.2×n/an/a

Questions

Which companies are Hyster-Yale's closest peers?
The cockpit's peer set: Daiwa (6459.T), Sinko Industries (6458.T), Nederman (NMAN.ST), Shenzhen Jasic Technology (300193.SZ), IQE (IQE.L), Hefei Taihe Intelligent Technology (603656.SS), Wuxi Chemical Equipment (001332.SZ), Zhejiang Galaxis Technology (2729.HK).
Is Hyster-Yale expensive compared with its peers?
On ev / sales it trades at 0.3× against a peer median of 2.4×, cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +26 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Hyster-Yale stock performed?
Over six months to 6 Nov 2026 the shares returned -23.7% against -23.0% for the median peer; over one year -16.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.