Filing Flows › Hyster-Yale (HY) › Q3 2025
Hyster-Yale (HY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Hyster-Yale (HY) reported revenue of $979M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +2% from the quarter before. Operating margin was 0.2%, net loss $1.7M (0.2% of revenue).
Hyster-Yale, Q3 2025: revenue $979M (-4% year over year), operating margin 0.2%, net loss $1.7M, operating cash flow $37.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $979M | +2% | -4% |
| Operating profit | $2.3M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | $37.1M | +28% | -47% |
| Free cash flow | $22.6M | +50% | -62% |
What changed
Revenue was $979.1M in Q3 2025, down 4% year over year and up 2% from the previous quarter. Lift truck business was the largest line at 95% of revenue. Lift truck business lost $38.5M year over year (down 4%), 104% of the total change.
Gross margin was 15.9%, down 3.1 points from a year earlier. Operating profit was $2.3M, a 0.2% margin (down 3.0 points year over year). Operating expenses fell 4% while revenue fell 4%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $13.4M loss. Net interest and other expense of $6.9M was the main reason.
Operating cash flow was $37.1M (down 47% year over year). Non-cash charges added back $11.3M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $25.4M. Capital expenditures of $14.5M left free cash flow of $22.6M.
Questions
What was Hyster-Yale's revenue in the third quarter 2025?
Hyster-Yale (HY) reported revenue of $979M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +2% from the quarter before.
Was Hyster-Yale profitable in the third quarter 2025?
Operating profit was $2.3M (0.2% of revenue) and net loss $1.7M.
Source: Hyster-Yale 10-Q on SEC EDGAR.