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Hyliion Holdings Corp. (HYLN) stock

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NYSE: HYLN NYSE Construction Machinery & Heavy Transportation Equipment Next results ~November 10, 2026

E Fundamentals grade

Hyliion Holdings Corp. is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Hyliion Holdings Corp. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Hyliion Holdings Corp. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds105 adding, 51 cuttingOf 30 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hyliion Holdings files

Where Hyliion stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $9m, up 163.2% on a year earlier, slower than the 191.2% growth a quarter earlier. That growth ranks 1 of 20 among the construction machinery & heavy transportation equipment companies we cover. Free-cash-flow margin rose to -612.3% from -1918.2% a year earlier. Operating margin widened to -635.2% from -1896.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 2 financial-health checks.

Our model value for Hyliion Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Hyliion Holdings Corp.'s trailing-twelve-month revenue grew 163.2% year on year, with a free-cash-flow margin of -612.3%. Where it stands out: revenue growth of 163.2% ranks 1 of 23 construction machinery & heavy transportation equipment companies we cover. Where it lags: days sales outstanding of 106 days ranks 13 of 13 construction machinery & heavy transportation equipment companies we cover.

Current signal Operating margin expanding: TTM operating margin reached -635.2%, up 1261.7pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 163.2% over the last 12 months, against a median of 10.1% for construction machinery & heavy transportation equipment companies we cover.
  • Margins widening. Operating margin is up 1261.7 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 28.0 points lower than a quarter earlier.
  • Loss-making. Operating margin is -635.2%: costs exceed revenue.
  • Burning cash. Free cash flow was -612.3% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 64.8% of revenue, against a median of 0.6% for construction machinery & heavy transportation equipment companies we cover: a real cost that cash-flow figures leave out.
  • High sales multiple. The shares trade at 59 times revenue while operating margins remain thin.

Latest results: FY2026 Q2

Filed August 11, 2026
Earnings per share
-$0.08 against an average estimate of -$0.07: missed by 13.6%
Revenue
$5m, up 226.3% on a year earlier
Share reaction
-1.0% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
Guidance given
full year 2026 revenue guidance $15m (full year 2026); net cash use during 2026 $30m to $35m (2026)
Next report
November 10, 2026; average EPS estimate -$0.07

Hyliion Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.9%
  • 1 week+3.7%
  • 1 month-31.8%
  • This year+67.9%
  • 1 year+30.4%
  • 5 years-62.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$9.2M
Operating margin
-635.2%
Net margin
-564.3%
EPS (TTM, diluted)
$-0.29

Growth

Revenue growth
+163.2%
Change in growth rate
−28.0 pts
Share count change
+1.6%

Cash

Free cash flow (TTM)
-$56.6M
FCF margin
-612.3%
Stock pay % of revenue
64.8%

Earnings

Last results
August 11, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance
  4. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hyliion Holdings Corp. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Hyliion Holdings Corp. as an operating company, with every model that fits that kind of business. Cost of equity 11.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.55 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.0–$0.1 Left out: out of range vs price (0.01x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hyliion Holdings Corp. with Construction Machinery & Heavy Transportation Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$16.48$6.20$2.34$0.81$2.61$1.84$3.09
Market value$1.9bn$1.1bn$410m$148m$457m$323m$547m
+ Net debt (− = net cash)−$389m−$258m−$119m−$13m−$9m−$23m−$13m
Enterprise value$1.5bn$809m$291m$135m$447m$300m$534m
Multiples
Price / sales —n/m194.9xn/mn/m92.9x59.2x
Price / earnings 5.7x——————
Price / free cash flow ———————
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

12 /100

Weak moat

How hard Hyliion Holdings's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -10.8% of total assets over 5 years.

  • Pricing power 0 / 20

    Gross margin has been a median -183.1%, moving by 294.5 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -7895.9%; its worst year was -34276.2%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -6092.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $5m and EPS of −$0.07 (range −$0.07 to −$0.07) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.28 +15% $15m +335%
Next −$0.30 −9% $36m +139%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −26.3% on 90 days ago. In the last 30 days, 0 analysts raised Hyliion Holdings Corp.'s forecast and 0 cut it.

Consensus EPS forecast Hyliion Holdings Corp., last 90 days
−$0.40 −$0.30 −$0.20 −$0.10 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.38 Current fiscal year, 60 days ago: −$0.38 Current fiscal year, 30 days ago: −$0.38 Current fiscal year, 7 days ago: −$0.38 Current fiscal year, Now: −$0.28 −$0.28 Next fiscal year, 90 days ago: −$0.27 Next fiscal year, 60 days ago: −$0.27 Next fiscal year, 30 days ago: −$0.27 Next fiscal year, 7 days ago: −$0.27 Next fiscal year, Now: −$0.30 −$0.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.38−$0.27
60 days ago −$0.38−$0.27
30 days ago −$0.38−$0.27
7 days ago −$0.38−$0.27
Now −$0.28−$0.30

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.07 −$0.08 −13.6%
Dec 2025 −$0.09 −$0.07 +20.1%
Sept 2025 −$0.09 −$0.08 +11.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 11, 2026
  • full year 2026 revenue guidance full year 2026 about $15m Raised
    “Hyliion is increasing its full year 2026 revenue guidance to approximately $15 million, a 50% increase from its previous outlook.” source
  • net cash use during 2026 $30m to $35m
    “As a result of higher revenue, lower capital spending, and planned equipment financing, Hyliion now expects net cash use of $30 million to $35 million during 2026, resulting in a year end cash and investments balance of $115 million to $120 million, compared with its previous outlook of approximately $100 million.” source
  • year end cash and investments balance year end 2026 $115m to $120m Raised
    “As a result of higher revenue, lower capital spending, and planned equipment financing, Hyliion now expects net cash use of $30 million to $35 million during 2026, resulting in a year end cash and investments balance of $115 million to $120 million, compared with its previous outlook of approximately $100 million.” source
  • anticipated proceeds from equipment financing transaction 2026 $10m to $15m Maintained
    “The Company also continues to expect to complete an equipment financing transaction during 2026, with anticipated proceeds of $10 million to $15 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026134
  2. Sep 2026134
  3. Aug 2026123
  4. Jul 20261113

Counts of recommendations published by analysts covering Hyliion Holdings Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.7%
of tradable shares
Days to cover
8.03
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
31%
of shares
Held by insiders
28.4%
of shares
Employees
113
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +30.4%

$2.37 on October 31, 2025 to $3.09

ThenNowEffect
Revenue (last 12 months) $4m $9m +163.2%
P/S multiple 117.6x 59.2x −49.7%
Share count 174m 177m −1.6%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +361.9%

$0.67 on November 3, 2023 to $3.09

ThenNowEffect
Revenue (last 12 months) $2m $9m +326.1%
P/S multiple 55.1x 59.2x +7.3%
Share count 179m 177m +1.0%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HYLN−62%−62%−65%+221%−30%+68%
Industry peers (median)+16%−8%+36%+22%+11%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HYLN25%33%42%58%50%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HYLN−72%−65%−86%−36%−57%−64%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since January 2, 2020: 99% from September 2, 2020 to November 9, 2023. Getting back needed a 10224% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.58 – $8.10
From 52-week high
−61.9%
vs 50-day average
−16.1%
vs 200-day average
−10.3%
Volatility (1 year)
102%
Beta vs S&P 500
3.15

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±12.7%
After a week
6 up, 6 down
typical move ±17.3%
After a month
5 up, 7 down
typical move ±24.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 −1.0% −0.1% −1.8% −2.8%
May 12, 2026 +30.1% +0.4% +48.2% +172.1%
February 25, 2026 +8.0% +0.3% +2.0% −10.6%
November 12, 2025 −22.9% −1.6% −23.9% −11.0%
August 12, 2025 +5.7% +1.4% 0.0% +3.8%
May 13, 2025 −12.3% +0.8% −29.6% −15.6%
February 25, 2025 0.0% −0.4% −19.4% −16.7%
November 14, 2024 −5.9% −1.9% +37.4% +8.5%
August 6, 2024 −4.7% +0.2% +17.6% −1.2%
May 1, 2024 +29.5% +0.6% +10.9% +14.7%
February 13, 2024 +17.5% −0.5% +14.2% +36.7%
November 8, 2023 −14.5% −0.7% −2.5% −1.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Hyliion Holdings Corp. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hyliion Holdings Corp.
$0 $5M $10M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.8M Revenue (TTM), FY23 Q4: $672K Revenue (TTM), FY24 Q1: $362K Revenue (TTM), FY24 Q2: $96K Revenue (TTM), FY24 Q3: $0 Revenue (TTM), FY24 Q4: $1.5M Revenue (TTM), FY25 Q1: $2M Revenue (TTM), FY25 Q2: $3.5M Revenue (TTM), FY25 Q3: $4.3M Revenue (TTM), FY25 Q4: $3.5M Revenue (TTM), FY26 Q1: $5.8M Revenue (TTM), FY26 Q2: $9.2M $9.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.8M
FY23 Q4 $672K
FY24 Q1 $362K
FY24 Q2 $96K
FY24 Q3 $0
FY24 Q4 $1.5M
FY25 Q1 $2M
FY25 Q2 $3.5M
FY25 Q3 $4.3M
FY25 Q4 $3.5M
FY26 Q1 $5.8M
FY26 Q2 $9.2M
Revenue growth, TTM YoY Hyliion Holdings Corp.
-1000% 0% 1000% 2000% 3000% 4000% FY23 Q2 FY24 Q1 FY24 Q4 FY26 Q2 Revenue growth, TTM YoY, FY23 Q2: 204.8% Revenue growth, TTM YoY, FY23 Q3: 45.9% Revenue growth, TTM YoY, FY23 Q4: -68.1% Revenue growth, TTM YoY, FY24 Q1: -82.6% Revenue growth, TTM YoY, FY24 Q2: -95.6% Revenue growth, TTM YoY, FY24 Q3: -100.0% Revenue growth, TTM YoY, FY24 Q4: 124.6% Revenue growth, TTM YoY, FY25 Q1: 451.9% Revenue growth, TTM YoY, FY25 Q2: 3559.4% Revenue growth, TTM YoY, FY25 Q4: 130.3% Revenue growth, TTM YoY, FY26 Q1: 191.2% Revenue growth, TTM YoY, FY26 Q2: 163.2% 163.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q2 204.8%
FY23 Q3 45.9%
FY23 Q4 -68.1%
FY24 Q1 -82.6%
FY24 Q2 -95.6%
FY24 Q3 -100.0%
FY24 Q4 124.6%
FY25 Q1 451.9%
FY25 Q2 3559.4%
FY25 Q4 130.3%
FY26 Q1 191.2%
FY26 Q2 163.2%
Operating margin (TTM) Hyliion Holdings Corp.
-150000% -100000% -50000% 0% FY23 Q2 FY24 Q1 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q2: -7755.8% Operating margin (TTM), FY23 Q3: -7743.2% Operating margin (TTM), FY23 Q4: -20441.8% Operating margin (TTM), FY24 Q1: -34276.2% Operating margin (TTM), FY24 Q2: -103665.6% Operating margin (TTM), FY24 Q4: -4261.0% Operating margin (TTM), FY25 Q1: -3254.8% Operating margin (TTM), FY25 Q2: -1896.8% Operating margin (TTM), FY25 Q3: -1586.0% Operating margin (TTM), FY25 Q4: -1886.4% Operating margin (TTM), FY26 Q1: -1015.1% Operating margin (TTM), FY26 Q2: -635.2% -635.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q2 -7755.8%
FY23 Q3 -7743.2%
FY23 Q4 -20441.8%
FY24 Q1 -34276.2%
FY24 Q2 -103665.6%
FY24 Q4 -4261.0%
FY25 Q1 -3254.8%
FY25 Q2 -1896.8%
FY25 Q3 -1586.0%
FY25 Q4 -1886.4%
FY26 Q1 -1015.1%
FY26 Q2 -635.2%
FCF margin (TTM) Hyliion Holdings Corp.
-150000% -100000% -50000% 0% FY23 Q2 FY24 Q1 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q2: -6044.8% FCF margin (TTM), FY23 Q3: -7520.1% FCF margin (TTM), FY23 Q4: -18506.4% FCF margin (TTM), FY24 Q1: -31396.7% FCF margin (TTM), FY24 Q2: -102366.7% FCF margin (TTM), FY24 Q4: -4855.1% FCF margin (TTM), FY25 Q1: -3457.5% FCF margin (TTM), FY25 Q2: -1918.2% FCF margin (TTM), FY25 Q3: -1781.8% FCF margin (TTM), FY25 Q4: -2022.7% FCF margin (TTM), FY26 Q1: -1092.3% FCF margin (TTM), FY26 Q2: -612.3% -612.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q2 -6044.8%
FY23 Q3 -7520.1%
FY23 Q4 -18506.4%
FY24 Q1 -31396.7%
FY24 Q2 -102366.7%
FY24 Q4 -4855.1%
FY25 Q1 -3457.5%
FY25 Q2 -1918.2%
FY25 Q3 -1781.8%
FY25 Q4 -2022.7%
FY26 Q1 -1092.3%
FY26 Q2 -612.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 0 0 2 1 2 3 9
Gross profit 0 0 −3 −7 −1 0 0 1
EBITDA −11 −21 −95 −158 −134 −61 −60 −51
Operating income −12 −22 −96 −159 −137 −64 −66 −59
Net income −14 324 −96 −153 −124 −52 −57 −52
Diluted EPS −$0.16 −$0.35 −$0.56 −$0.87 −$0.68 −$0.30 −$0.33 −$0.29
Growth (year on year)
Revenue — — — +953.0% −68.1% +124.6% +130.3% +163.2%
Net income — — −129.6% — — — — —
Margins
Gross margin — — <−999% −316.8% −155.4% 6.2% 4.9% 6.5%
EBITDA margin — — <−999% <−999% <−999% <−999% <−999% −551.3%
Operating margin — — <−999% <−999% <−999% <−999% <−999% −635.2%
Net margin — — <−999% <−999% <−999% <−999% <−999% −564.3%
Free-cash-flow margin — — <−999% <−999% <−999% <−999% <−999% −612.3%
Cash flow
Cash from operations −11 −23 −81 −117 −117 −57 −47 −42
Capital spending 0 0 2 3 7 17 24 14
Free cash flow −11 −23 −83 −120 −124 −73 −70 −57
Stock-based pay 0 0 5 7 6 5 5 6
Free cash flow after stock pay −12 −24 −88 −127 −131 −78 −76 −63
Balance sheet
Cash 6 390 258 119 13 9 23 13
Total debt 16 1 0 0 0 0 0 0
Net debt (negative = net cash) 10 −389 −258 −119 −13 −9 −23 −13
Diluted shares 87m 113m 172m 175m 181m 175m 175m 177m
Returned to shareholders
Buybacks — — — 0 0 14 0 —
Total returned — — — 0 0 14 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $180m
Short-term assets $72mLonger-term assets $108m
What it owes, and who funded it · $180m
Short-term liabilities $9mLonger-term liabilities $1mShareholders' equity $170m
  • Short-term assets cover short-term liabilities $72m of assets due within a year against $9m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $72m short-term assets against $618,000 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hyliion Holdings Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Returned to shareholders
0%
of free cash flow
Buybacks, last 3 fiscal years
$14M
Diluted share count
+1.6%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
403.0%
of revenue
Sales & admin spending
252.2%
of revenue
Days sales outstanding
106 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in construction machinery & heavy transportation equipment
Last 12 months unless stated HYLN TRSG RVSN GENC RAIL FSTR Median
Revenue, last 12 months $9m $16m $1m $110m $464m $558m $2.1bn
Revenue growth, last 12 months 163.2% 22.0% 14.4% −6.4% −0.5% 10.1% 10.1%
Revenue growth, 3-year average 62.1% — — 0.8% 6.4% 1.7% 4.3%
Revenue growth, latest quarter 226.3% — — 25.3% −4.6% −3.5% 17.8%
Gross margin 6.5% 45.9% 37.1% 28.6% 12.5% 21.4% 21.4%
Operating margin −635.2% −1.5% −789.2% 11.7% 3.8% 4.4% 5.9%
Operating margin, 3-year average <−999% — — 12.8% 4.8% 3.2% 8.6%
Net margin −564.3% −1.1% −746.5% 13.5% −2.8% 2.0% 3.2%
Cash from operations / revenue −458.2% −19.5% −613.4% 1.0% 4.6% 10.5% 8.9%
Free-cash-flow margin −612.3% −24.6% −621.9% −1.5% 3.9% 8.4% 7.0%
Free-cash-flow margin, 3-year average <−999% — — 5.9% 7.0% 4.7% 5.9%
Stock pay / revenue 64.8% — 98.2% 0.1% 0.6% 1.1% 0.6%
Change in share count 1.6% 0.0% 225.8% −0.1% 6.4% −0.5% −0.1%

Median of all 23 companies we cover in construction machinery & heavy transportation equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 construction machinery & heavy transportation equipment companies
Measure Company Peer median Rank
Revenue growth Growth 163.2% 10.1% 1 of 23
Change in growth rate Growth -28.0pp +4.6pp 22 of 23
Gross margin Profitability 6.5% 21.4% 22 of 23
Operating margin Profitability -635.2% 5.8% 20 of 21
Net margin Profitability -564.3% 3.2% 22 of 23
Free-cash-flow margin Cash generation -612.3% 7.0% 22 of 23
Stock pay as % of revenue Cash generation 64.8% 0.6% 19 of 20
Change in share count Balance sheet 1.6% -0.1% 17 of 21
Days sales outstanding Balance sheet 106 days 50 days 13 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$310M
Institutions reporting
168
Shares held vs prior quarter
▲ 19.6%
Positions opened / closed
41 / 14

Top buyers and sellers, Q2 2026: 105 institutions bought and 51 sold ; the biggest buyer was Blackrock, Inc (+2.6M shares) and the biggest seller Hite Hedge Asset Management LLC (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $59.7M 11.5M 19.3% ▲ 28.9%
Vanguard Capital Management LLC $28.9M 5.6M 9.3% ▼ 1.1%
General Electric Co $28.7M 5.5M 9.2% 0.0%
D. E. Shaw & Co., Inc. $20.3M 3.9M 6.6% ▲ 164.2%
Geode Capital Management, LLC $17.2M 3.3M 5.6% ▲ 7.2%
State Street Corp $14.9M 2.9M 4.8% ▼ 4.9%
Invesco Ltd. $12.4M 2.4M 4.0% ▼ 36.2%
Millennium Management LLC $9.9M 1.9M 3.2% ▲ 36.5%
T. Rowe Price Investment Management, Inc. $8.3M 1.6M 2.7% New
UBS Group AG $7.7M 1.5M 2.5% ▲ 125.7%
Hite Hedge Asset Management LLC $7.3M 1.4M 2.4% ▼ 50.5%
Vanguard Portfolio Management LLC $7.3M 1.4M 2.3% ▲ 62.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hyliion Holdings Corp.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $170,000 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $170,000 net buying
Insider Date Trade Shares Price Value
Cubbage Vincent T. Director August 27, 2026 Buy 50,000 $3.40 $170,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 11, 2026
  • May 12, 2026
  • February 25, 2026
  • November 12, 2025
  • August 12, 2025
  • May 13, 2025

Recent SEC filings

Data status

When each part of this page on Hyliion Holdings Corp. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hyliion Holdings Corp. in brief

What does Hyliion Holdings Corp. do?
Hyliion Holdings Corp. is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.
What is Hyliion Holdings Corp.'s stock ticker?
Hyliion Holdings Corp. trades under the ticker HYLN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hyliion Holdings Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hyliion Holdings Corp. reported revenue of $9.2M, 163.2% higher than a year earlier, according to its SEC filings.
What is Hyliion Holdings Corp.'s free cash flow?
Hyliion Holdings Corp.'s free-cash-flow margin is -612.3% of revenue over the trailing twelve months, ranking 22 of the 23 construction machinery & heavy transportation equipment companies we cover.
Who are Hyliion Holdings Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and General Electric Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hyliion Holdings Corp. buying back stock, and does it pay a dividend?
Hyliion Holdings Corp. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 1.6% over the year.
What is Hyliion Holdings Corp.'s market cap?
On November 2, 2026, Hyliion Holdings Corp.'s market capitalisation was about $547M and net debt of -$13.2M. Market figures come from third-party market data and may be delayed.
Who are Hyliion Holdings Corp.'s competitors?
In our Construction Machinery & Heavy Transportation Equipment peer group, the companies closest to Hyliion Holdings Corp. are Tungray Technologies Inc, Rail Vision Ltd., Gencor Industries Inc, Freightcar America, Inc. and Foster L B Co. The side-by-side comparison below sets their revenue, margins and growth against Hyliion Holdings Corp.'s.
Are insiders buying or selling Hyliion Holdings Corp. stock?
Over the last 12 months, Hyliion Holdings Corp.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Hyliion Holdings Corp.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hyliion Holdings Corp. announces its own schedule.