HY
IndustrialsHyster-Yale Materials Handling, Inc. · Agricultural - Machinery · $600M
What is Hyster-Yale Materials Handling, Inc.?
Hyster-Yale Materials Handling designs, manufactures, and services lift trucks and related equipment sold worldwide under the Hyster and Yale brand names. The company also develops hydrogen fuel-cell technology and produces material handling attachments through its Bolzoni subsidiary.
Hyster-Yale generates revenue by selling lift trucks, aftermarket parts, and attachments to independent dealers who serve manufacturers, warehouses, retailers, logistics companies, and government agencies. The company also earns recurring income through parts and service channels under the UNISOURCE and PREMIER brands. A newer segment designs and sells hydrogen fuel-cell stacks and engines, positioning the company in emerging clean-energy industrial applications alongside its traditional forklift business.
Incorporated in 1991 and publicly structured in its current form in 2012, Hyster-Yale is headquartered in Cleveland, Ohio.
- Hyster and Yale branded lift trucks for light and heavy industrial use
- Aftermarket parts and service under UNISOURCE and PREMIER brands
- Bolzoni, Auramo, and Meyer attachments, forks, and lift tables
- Port equipment and rough terrain forklifts
- Hydrogen fuel-cell stacks and engines for industrial applications
Is HY a Good Stock to Buy?
UQS Score rates HY as Poor overall, reflecting broad weakness across most of the five scoring pillars.
The Valuation pillar lands at a Neutral reading, which suggests the market has already priced in many of the company's challenges — a modest relative bright spot compared to the other pillars.
Quality, Moat, Growth, and Risk all register as Weak, indicating concerns around earnings durability, competitive positioning, expansion trajectory, and balance sheet or operational risk.
Pro members can view the complete pillar breakdown and underlying financial metrics to understand exactly where HY stands relative to sector peers. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does HY pay dividends?
Yes — Hyster-Yale Materials Handling, Inc. pays a dividend.
Hyster-Yale pays a regular dividend, which may appeal to income-oriented investors willing to accept the company's risk profile. Given the Weak Quality and Risk pillar ratings, investors should assess whether the dividend is well-supported by cash generation. The company's investor relations page is the best source for current payout details.
When does HY report earnings?
Hyster-Yale reports earnings on a quarterly cadence, consistent with standard US-listed equity practice.
The company operates in a cyclical industrial segment where demand for lift trucks can fluctuate with manufacturing activity and capital spending trends. Weak Growth and Quality pillar ratings suggest recent results have not demonstrated consistent improvement.
For the most recent quarter's results and guidance, visit Hyster-Yale's official investor relations page.
HY Price History
-41.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Hyster-Yale Materials Handling, Inc.?
Based on Hyster-Yale Materials Handling, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
HY Long-term Outlook
The fundamental outlook for HY is cautious, shaped by Weak ratings across Growth, Quality, and Risk pillars. The hydrogen fuel-cell segment represents a longer-term opportunity, but near-term trajectory appears constrained by competitive pressures and cyclical demand dynamics in the core lift truck market. The Neutral Valuation reading implies limited downside from current pricing, though it does not signal a clear re-rating catalyst.
Growth drivers
- Hydrogen fuel-cell technology adoption in industrial and port equipment markets
- Aftermarket parts and service revenue providing recurring income streams
- Global warehouse and logistics infrastructure expansion driving lift truck demand
Key risks
- Cyclical industrial demand creating revenue and margin volatility
- Weak competitive moat leaving market share vulnerable to larger rivals
- Balance sheet and operational risk flagged by the Weak Risk pillar rating
HY vs Peers
Hyster-Yale competes in the broader industrial equipment and materials handling space alongside several other small-cap manufacturers.
Titan focuses on wheels and tires for off-highway equipment rather than the lift truck and warehouse handling segment where Hyster-Yale concentrates.
Manitowoc specializes in crane manufacturing for construction markets, giving it a different end-market exposure than Hyster-Yale's warehouse and logistics focus.
Columbus McKinnon produces hoists, rigging, and motion control products, overlapping with Hyster-Yale in industrial material movement but through a distinct product set.
Frequently Asked Questions
What does Hyster-Yale Materials Handling do?
Hyster-Yale designs, manufactures, and services lift trucks and attachments sold worldwide under the Hyster and Yale brand names. The company also produces aftermarket parts, port equipment, rough terrain forklifts, and hydrogen fuel-cell stacks through its various subsidiaries.
Does HY pay dividends?
Yes, Hyster-Yale pays a regular dividend. Income investors should review the current payout details on the company's investor relations page and weigh the dividend against the Weak Quality and Risk pillar ratings before relying on it as a stable income source.
When does HY report earnings?
Hyster-Yale reports on a quarterly cadence typical for US-listed companies. Specific upcoming report dates are not tracked by UQS Score — check the company's investor relations page or a financial calendar for the next scheduled release.
Is HY a good stock to buy?
UQS Score rates HY as Poor overall, with Weak readings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is Neutral, suggesting the market has priced in challenges. Pro members can access the full pillar breakdown to make a more informed assessment.
Is HY overvalued?
The UQS Valuation pillar for HY is rated Neutral, indicating the stock is neither clearly expensive nor deeply discounted relative to its fundamentals. Given the weak underlying quality and growth profile, a Neutral valuation does not automatically make the stock attractive.
How does HY compare to its competitors?
Hyster-Yale operates in the lift truck and materials handling niche alongside broader industrial equipment peers like Titan International, Manitowoc, and Columbus McKinnon. Each competitor addresses different end markets, making direct comparisons nuanced. The UQS platform provides side-by-side pillar comparisons for Pro members.
What is HY's market cap bracket?
Hyster-Yale is classified as a small-cap company. This places it in a segment of the market that can carry higher volatility and liquidity risk compared to large-cap industrial peers, which is consistent with the Weak Risk pillar rating.
Who founded Hyster-Yale Materials Handling?
The Hyster brand traces its origins to the 1920s, and Yale has a similarly long industrial heritage. The current Hyster-Yale Materials Handling entity was incorporated in 1991 and is headquartered in Cleveland, Ohio. Detailed founding history is publicly available through the company's official resources.
Is HY a long-term quality investment?
As a long-term quality indicator, UQS Score rates HY as Poor. Weak pillar scores across Quality, Moat, Growth, and Risk suggest the company currently lacks the durable characteristics typically associated with strong long-term compounders. Investors seeking long-term quality may want to compare HY against higher-rated industrials on the UQS platform.
What is the main competitive advantage of Hyster-Yale?
Hyster-Yale benefits from two established global brands — Hyster and Yale — and a wide independent dealer network that supports aftermarket parts and service revenue. However, the UQS Moat pillar rates this advantage as Weak, suggesting the company's competitive position is not strongly differentiated relative to sector peers.
What sector does HY belong to?
Hyster-Yale belongs to the Industrials sector, specifically within the machinery and materials handling equipment segment. The industrials sector is cyclical, meaning demand for products like lift trucks tends to move with broader manufacturing and capital spending activity.
Is HY a growth stock or value stock?
Based on UQS pillar labels, HY does not fit cleanly into either category. The Growth pillar is rated Weak, ruling out a growth classification, while the Valuation pillar is only Neutral rather than Attractive — making a value case difficult to build on fundamentals alone.
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Pro Analysis
HY — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 27.6 | 26.3 | 20.0 | 25.9 | 19.1 | 53.3 | +1.6 |
| May 10, 2026 | 26.0 | 0.6 | 20.0 | 25.9 | 36.9 | 67.6 | -2.9 |
| May 7, 2026 | 28.9 | 22.0 | 20.0 | 28.1 | 29.2 | 56.0 | +0.3 |
| May 3, 2026 | 28.6 | 22.0 | 20.0 | 28.1 | 29.2 | 54.0 | +0.1 |
| Apr 26, 2026 | 28.5 | 22.0 | 20.0 | 28.1 | 29.2 | 53.6 | -0.2 |
| Apr 23, 2026 | 28.7 | 22.0 | 20.0 | 28.1 | 29.2 | 54.9 | -0.1 |
| Apr 19, 2026 | 28.8 | 22.0 | 20.0 | 28.1 | 29.2 | 55.1 | -0.1 |
| Apr 18, 2026 | 28.9 | 22.0 | 20.0 | 28.1 | 29.2 | 56.0 | +0.4 |
| Apr 14, 2026 | 28.5 | 22.1 | 20.0 | 28.1 | 29.2 | 53.3 | -0.1 |
| Apr 12, 2026 | 28.6 | 22.2 | 20.0 | 28.1 | 29.2 | 53.8 | -0.6 |
HY — Pillar Breakdown
Quality
— 26.3/100 (25%)Hyster-Yale Materials Handling, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 25.9/100 (20%)Hyster-Yale Materials Handling, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 19.1/100 (15%)Hyster-Yale Materials Handling, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 53.4/100 (15%)Hyster-Yale Materials Handling, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Hyster-Yale Materials Handling, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HY.
Score Composition
Financial Data
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How is the HY UQS Score Calculated?
The UQS (Unified Quality Score) for Hyster-Yale Materials Handling, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Hyster-Yale Materials Handling, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Hyster-Yale Materials Handling, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.