Hyster-Yale (HY) Operating Margin (2011 - 2026)
Hyster-Yale (HY) reported Operating Margin of 3.52% for Q1 2026, down 586.0% on a YoY basis from 0.72% in Q1 2025, and up 12.62% quarter-over-quarter from 4.03% in Q4 2025.
Hyster-Yale (HY) Operating Margin (2011 - 2026) Analysis & Trends
Hyster-Yale has reported Operating Margin for 16 years, with the latest figure at 3.52% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 586.0% year-over-year to 3.52%; the trailing twelve-month figure through Mar 2026 stood at 1.95% (down 633.0% YoY), and the FY2025 full-year result was 0.59%, down 627.0% from the prior year.
- Operating Margin for Q1 2026 stood at 3.52%, up from 4.03% in the prior quarter.
- The five-year high for Operating Margin was 8.18% in Q2 2024, with the low at 4.03% in Q4 2025.
- Historically, Operating Margin has averaged 1.87% across 5 years, with a median of 2.34% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 1491 bps — and 2025, when it tumbled 907 bps.
- Hyster-Yale's Operating Margin stood at 2.01% in 2022, then soared by 136 bps to 4.74% in 2023, then tumbled by 36 bps to 3.03% in 2024, then plunged by 233 bps to 4.03% in 2025, then rose by 13 bps to 3.52% in 2026.
- The last three Operating Margin figures came in at 3.52% (Q1 2026), 4.03% (Q4 2025), and 0.23% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 397.22 Bn | 393.14 Bn | 6.11 Bn | 17.71% |
| 2 | Deere | 151.61 Bn | 143.71 Bn | 13.06 Bn | 16.73% |
| 3 | Paccar | 60.18 Bn | 59.49 Bn | 1.36 Bn | -63.36% |
| 4 | Oshkosh | 8.00 Bn | 7.75 Bn | 311.90 Mn | 3.54% |
| 5 | Terex | 5.74 Bn | 5.35 Bn | 206.00 Mn | -4.73% |
| 6 | Blue Bird | 2.18 Bn | 1.91 Bn | 70.65 Mn | 11.09% |
| 7 | Alamo | 1.82 Bn | 1.62 Bn | 104.81 Mn | 10.11% |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 8.41% |
| 9 | Astec Industries | 1.14 Bn | 1.06 Bn | 99.10 Mn | 2.27% |
| 10 | Hyster-Yale | 613.93 Mn | 618.23 Mn | 124.80 Mn | -3.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.52% |
| Dec 31, 2025 | -4.03% |
| Sep 30, 2025 | 0.23% |
| Jun 30, 2025 | -0.89% |
| Mar 31, 2025 | 2.34% |
| Dec 31, 2024 | 3.03% |
| Sep 30, 2024 | 3.26% |
| Jun 30, 2024 | 8.18% |
| Mar 31, 2024 | 7.93% |
| Dec 31, 2023 | 4.74% |
| Sep 30, 2023 | 5.85% |
| Jun 30, 2023 | 5.39% |
| Mar 31, 2023 | 4.26% |
| Dec 31, 2022 | 2.01% |
| Sep 30, 2022 | -2.96% |
| Jun 30, 2022 | -1.75% |
| Mar 31, 2022 | -2.21% |
| Dec 31, 2021 | -12.90% |
| Sep 30, 2021 | -7.26% |
| Jun 30, 2021 | 0.77% |