Hyster-Yale (HY) Operating Expenses (2011 - 2026)
Hyster-Yale (HY) posted Operating Expenses of $169.5 million for Q1 2026, down 11.72% on a QoQ basis from $192.0 million in Q4 2025, and up 8.38% year-over-year from $156.4 million in Q1 2025.
Hyster-Yale (HY) Operating Expenses (2011 - 2026) Analysis & Trends
Hyster-Yale's Operating Expenses history runs 16 years deep, the most recent figure standing at $169.5 million for Q1 2026.
- Quarterly Operating Expenses rose 8.38% year-over-year to $169.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $691.8 million (up 5.59% YoY) and the FY2025 annual result came in at $654.9 million, up 0.65% from the prior year.
- Operating Expenses was $169.5 million for Q1 2026 at Hyster-Yale, down from $192.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $192.0 million in Q4 2025 and bottomed at $111.8 million in Q3 2022.
- A 5-year average of $149.9 million and a median of $153.6 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slipped 6.37% — and 2023, when it advanced 29.7%.
- Hyster-Yale's Operating Expenses stood at $126.9 million in 2022, then increased by 26.87% to $161.0 million in 2023, then climbed by 8.88% to $175.3 million in 2024, then advanced by 9.53% to $192.0 million in 2025, then retreated by 11.72% to $169.5 million in 2026.
- Business Quant data shows HY's Operating Expenses at $169.5 million in Q1 2026, $192.0 million in Q4 2025, and $153.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 414.02 Bn | 409.95 Bn | 6.11 Bn | 14.33 Bn |
| 2 | Deere | 164.89 Bn | 157.03 Bn | 13.06 Bn | 11.08 Bn |
| 3 | Paccar | 68.81 Bn | 67.93 Bn | 1.36 Bn | 5.65 Bn |
| 4 | CNH Industrial | 13.19 Bn | 11.63 Bn | 1.22 Bn | 701.00 Mn |
| 5 | Oshkosh | 11.41 Bn | 11.16 Bn | 311.90 Mn | 229.90 Mn |
| 6 | Agco | 8.50 Bn | 8.28 Bn | 581.40 Mn | 339.10 Mn |
| 7 | Terex | 6.58 Bn | 6.19 Bn | 206.00 Mn | 241.00 Mn |
| 8 | Greenpower Motor | 3.53 Bn | 3.53 Bn | 1.26 Mn | 1.29 Mn |
| 9 | Blue Bird | 2.45 Bn | 2.18 Bn | 70.65 Mn | 31.53 Mn |
| 10 | Hyster-Yale | 589.88 Mn | 606.38 Mn | 124.80 Mn | 169.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 169.50 Mn |
| Dec 31, 2025 | 192.00 Mn |
| Sep 30, 2025 | 153.60 Mn |
| Jun 30, 2025 | 176.70 Mn |
| Mar 31, 2025 | 156.40 Mn |
| Dec 31, 2024 | 175.30 Mn |
| Sep 30, 2024 | 159.80 Mn |
| Jun 30, 2024 | 163.70 Mn |
| Mar 31, 2024 | 151.90 Mn |
| Dec 31, 2023 | 161.00 Mn |
| Sep 30, 2023 | 145.00 Mn |
| Jun 30, 2023 | 139.10 Mn |
| Mar 31, 2023 | 131.80 Mn |
| Dec 31, 2022 | 126.90 Mn |
| Sep 30, 2022 | 111.80 Mn |
| Jun 30, 2022 | 114.80 Mn |
| Mar 31, 2022 | 119.50 Mn |
| Dec 31, 2021 | 104.90 Mn |
| Sep 30, 2021 | 119.40 Mn |
| Jun 30, 2021 | 110.50 Mn |