Hyster-Yale (HY) Asset Utilization Ratio (2012 - 2026)
Hyster-Yale's (HY) Asset Utilization Ratio was 1.74 for Q3 2026, down 8.1% from 1.89 a year earlier and down 3.7% from the prior quarter.
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Analysis
Hyster-Yale (HY) Asset Utilization Ratio (2012 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Hyster-Yale was 1.86, down 11.2% from FY2024.
- By year, Asset Utilization Ratio came in at 2.10 in FY2024 (+4.5%), 2.01 in FY2023 (+13.0%), 1.78 in FY2022 (+10.6%) and 1.61 in FY2021 (+5.9%).
- The Q3 2026 figure ranks as the lowest quarterly Asset Utilization Ratio since Q3 2022.
- Year over year, Asset Utilization Ratio has now declined in each of the last six quarters, with an average decline of 4.7% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was Q4 2022 (growth of 16.0%); the low point was Q4 2025 (a decline of 9.9%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 1.81 (Q2 2026), 1.84 (Q1 2026) and 1.85 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 274.62 Bn | 245.93 Bn | 7.35 Bn | 0.74 |
| 2 | Amphenol | 193.27 Bn | 188.11 Bn | 4.02 Bn | 0.72 |
| 3 | Deere | 181.55 Bn | 190.32 Bn | 4.66 Bn | 0.45 |
| 4 | Eaton | 137.15 Bn | 134.13 Bn | 3.11 Bn | 0.56 |
| 5 | Parker-Hannifin | 120.49 Bn | 118.48 Bn | 2.26 Bn | 0.62 |
| 6 | 3M | 94.89 Bn | 77.30 Bn | 2.78 Bn | 0.68 |
| 7 | Emerson Electric | 92.74 Bn | 85.23 Bn | 2.74 Bn | 0.45 |
| 8 | Illinois Tool Works | 81.69 Bn | 78.37 Bn | 1.91 Bn | 1.01 |
| 9 | Vertiv Holdings | 77.79 Bn | 66.64 Bn | 1.64 Bn | 0.77 |
| 10 | Hyster-Yale | 486.09 Mn | 166.59 Mn | 124.10 Mn | 1.74 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.74 |
| Jun 30, 2026 | 1.81 |
| Mar 31, 2026 | 1.84 |
| Dec 31, 2025 | 1.85 |
| Sep 30, 2025 | 1.89 |
| Jun 30, 2025 | 1.91 |
| Mar 31, 2025 | 2.04 |
| Dec 31, 2024 | 2.05 |
| Sep 30, 2024 | 1.99 |
| Jun 30, 2024 | 2.01 |
| Mar 31, 2024 | 1.99 |
| Dec 31, 2023 | 1.99 |
| Sep 30, 2023 | 1.96 |
| Jun 30, 2023 | 1.86 |
| Mar 31, 2023 | 1.80 |
| Dec 31, 2022 | 1.79 |
| Sep 30, 2022 | 1.70 |
| Jun 30, 2022 | 1.61 |
| Mar 31, 2022 | 1.57 |
| Dec 31, 2021 | 1.55 |
API Access
Hyster-Yale Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=HY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "HY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=HY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();