Filing Flows › Hyster-Yale (HY) › Q4 2025
Hyster-Yale (HY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Hyster-Yale (HY) reported revenue of $923M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -6% from the quarter before. Operating margin was -4.0%, net loss $51.6M (5.6% of revenue).
Hyster-Yale, Q4 2025: revenue $923M (-14% year over year), operating margin -4.0%, net loss $51.6M, operating cash flow $56.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $923M | -6% | -14% |
| Operating profit | −$37.2M | -1717% | — |
| Net earnings | −$51.6M | — | — |
| Operating cash flow | $56.5M | +52% | -30% |
| Free cash flow | $32.9M | +46% | -48% |
What changed
Revenue was $923.2M in Q4 2025, down 14% year over year and down 6% from the previous quarter.
Gross margin was 14.2%, down 5.3 points from a year earlier. Operating costs exceeded revenue by $37.2M, an operating margin of -4.0%. Operating expenses fell 4% while revenue fell 14%. The quarter ended with a net loss of $51.6M, wider than the previous quarter's $1.7M loss.
Operating cash flow was $56.5M (down 30% year over year). Non-cash charges added back $11.7M of depreciation and amortization. Working capital and other items added $96.4M. Capital expenditures of $23.6M left free cash flow of $32.9M.
Questions
What was Hyster-Yale's revenue in the fourth quarter 2025?
Hyster-Yale (HY) reported revenue of $923M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -6% from the quarter before.
Was Hyster-Yale profitable in the fourth quarter 2025?
Operating loss was $37.2M (-4.0% of revenue) and net loss $51.6M.
Source: Hyster-Yale 10-K on SEC EDGAR.