XVARY Composite Score
32
/ 100
Weak
Combines growth, value, risk, and momentum factors into a single institutional-grade score.
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What it is
Hyster-Yale builds lift trucks, parts, attachments, and port equipment for warehouses and industrial sites.
How it gets paid
Last year Hyster-Yale made $3.8B in revenue. Lift trucks was the main engine at $2.6B, or 68% of sales.
What just happened
Q4 revenue ~$923M with a ~$22M operating loss— net EPS can still read positive.
At a Glance
C++ balance sheet — some cracks in the foundation
5/100 earnings predictability — expect surprises
4.6% dividend yield — cash in your pocket every quarter
22.2% return on capital — every dollar works hard here
$8.04 fy2024 eps est
XVARY composite: 32/100 — weak
What They Do
Hyster-Yale builds lift trucks, parts, attachments, and port equipment for warehouses and industrial sites.
You do not buy a forklift once. You buy it, break it, service it, and replace parts. Lift trucks, attachments, and aftermarket parts keep your account sticky across 8,500 employees and two core brands, Hyster and Yale.
How They Make Money
$3.8B
fiscal 2025 revenue (approx.) · down vs prior year
Lift trucks
$2.6B
cycle
Aftermarket parts and service
$0.4B
steady
Attachments, forks, and lift tables
$0.35B
steady
Port equipment
$0.27B
steady
Rough-terrain forklifts
$0.18B
steady
The Products That Matter
Manufactures and sells lift trucks
Hyster & Yale Forklifts
~$2.6B · core revenue stream
this business did the heavy lifting on roughly $2.6B of fiscal 2025 sales (~68% of ~$3.8B total). volume matters here more than story.
cyclical demand
Sells parts and supports equipment
Aftermarket Parts & Service
~$0.4B · installed-base support
this revenue stream contributed about $0.4B on the same fiscal map. it matters because service is usually steadier than new equipment when the core cycle is soft.
recurring support
Operating turnaround
2026 recovery plan
slight H1 loss · moderate full-year profit target
management expects the first half of 2026 to stay in the red before profitability improves later in the year. that is not a product. it is the thesis.
execution risk
Key Numbers
4.6%
dividend yield
You get paid 4.6% to wait while the forklift cycle sorts itself out.
$8.04
FY2024 EPS
That is the annual profit estimate. It tells you the stock is not priced like a dead company.
22.2%
return on capital
The business earned 22.2% on capital in the screen data— reconcile with fiscal 2025 operating losses in weak quarters.
$252M
long-term debt
Debt of $252M is 31% of capital. In a weak year, that matters more than the brand name.
Financial Health
C++
Strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 4 — safer than 20% of stocks
- price stability 25 / 100
- long-term debt $252M (31% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total Return vs. Market
source: institutional data · return history unavailable
What Just Happened
missed estimates
Q4 revenue ~$923M with a ~$22M operating loss— net EPS can still read positive.
The quarter was weak. Full-year 2025 revenue was about $3.8B, and tariff costs were about $100M— aligned with the ~$3.8B revenue map above (not the old ~$4.3B round).
$923M
Q4 revenue
$0.13
Q4 net EPS (GAAP)
$22M
operating loss
the number that mattered
Revenue was $923M. It was down 14% vs. prior year, which says the cycle is still doing the talking.
source: company earnings report, 2026
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What Could Go Wrong
The top threat is tariff costs overwhelming a thin-margin forklift business.
High
Tariff cost pressure
gross tariff costs were about $100M in 2025. on a company that ended with a $22M operating loss, that is not background noise.
if those costs stay elevated, profitability stays theoretical.
High
Back-half-loaded turnaround
management expects a slight loss in the first half of 2026 and only moderate profit for the full year. that means the recovery is doing most of its work later.
if the second half slips, the whole thesis slips with it.
Med
Demand remains uneven
domestic orders jumped 42%, but that strength was needed to offset weaker international demand and a 13.5% full-year revenue decline.
one strong geography cannot carry the story forever.
Med
Balance-sheet limits
HY carries $252M of long-term debt, or 31% of capital, with a C++ balance sheet grade. that does not leave much room for repeated misses.
a weak recovery could turn financing flexibility into a real issue.
between a $100M tariff headwind, a 13.5% sales decline, and a first-half loss already telegraphed for 2026, you are underwriting a recovery before it shows up in the numbers.
Source: institutional data · regulatory filings · risk analysis
Pay Attention To
Next earnings
Does the first-half loss stay "slight"
management already told you the first half of 2026 will be lossmaking. the size of that loss matters more than polished language on the call.
Costs
Tariff drag below $100M
if tariff costs do not start moving down from the roughly $100M 2025 level, the margin recovery story stays stuck on paper.
Orders
42% domestic growth needs backup
one strong order print can be a bounce. you want to see domestic strength hold while international demand stops dragging on the total.
Ownership
Does institutional support keep fading
recent filings in this snapshot showed Vanguard cutting 23.3% and Fuller & Thaler exiting. if sponsorship keeps thinning, sentiment is not helping you.
Analyst Rankings
earnings predictability
5 / 100
in human-speak, analysts do not trust next quarter to look much like the last one.
balance sheet grade
C++
that means the balance sheet is serviceable, not forgiving. bad surprises cost more here.
risk rank
4
HY has historically been safer than only about 20% of stocks in the database. this is not a bunker stock.
Source: institutional data
Institutional Activity
institutional ownership data for HY is being compiled.
Source: institutional data
Price Targets
3-5 year target range
$32
Current price
Target midpoint · from current
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