A Business at a Glance
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Hyliion Holdings Corp. is a Delaware corporation headquartered in Cedar Park, Texas, with research and development (“R&D”) facilities in Cincinnati, Ohio, that designs and develops power generators for stationary and mobile applications and provides R&D services. References to the “Company,” “Hyliion,” “we,” or “us” in this report refer to Hyliion Holdings Corp. and its wholly owned subsidiary, unless expressly indicated or the context otherwise requires. The Company was incorporated on November 7, 2018 and is listed on the NYSE American. Hyliion is committed to creating innovative solutions that enable clean, efficient, and flexible electricity production while contributing positively to the environment in the energy economy. Hyliion’s primary product offering, the KARNO Power Module, is a modular, fully enclosed, fuel-agnostic and fully integrated power generating solution.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - | - |
| Net Income | -57M | -57M | -52M | -124M | -153M | -96M |
| EPS | $-0.33 | $-0.33 | $-0.30 | $-0.68 | $-0.87 | $-0.56 |
| Free Cash Flow | -70M | -70M | -73M | -124M | -120M | -83M |
| ROIC | -30.6% | -29.8% | -21.3% | -40.3% | -36.2% | -16.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.06 | 0.08 | 0.07 | 0.05 | - |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -66M | -66M | -64M | -137M | -159M | -96M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -29.8% | -26.2% | -21.3% | -40.3% | -36.2% | - |
| Shares Outstanding | 173M | 173M | 173M | 182M | 176M | 172M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 0 | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 13M | 58M | 110M | 82M | 37M | 42M | 42M |
| SG&A | 9.6M | 35M | 42M | 43M | 24M | 23M | 23M |
| EBIT | -22M | -96M | -159M | -137M | -64M | -66M | -66M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 324M | -96M | -153M | -124M | -52M | -57M | -57M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 730K | 19K | 11M | 3.0M | 513K | 513K |
| Returns on Capital | |||||||
| ROIC | -3.4% | -16.6% | -36.2% | -40.3% | -21.3% | -29.8% | -30.6% |
| ROE | N/A | N/A | -36.2% | -40.3% | -21.3% | -26.2% | -29.8% |
| ROA | 49.5% | -16.6% | -34.3% | -37.6% | -19.8% | -24.5% | -28.1% |
| Cash Flow | |||||||
| Op. Cash Flow | -23M | -81M | -117M | -117M | -57M | -47M | -47M |
| Free Cash Flow | -23M | -83M | -120M | -124M | -73M | -70M | -70M |
| Owner Earnings | -24M | -86M | -125M | -127M | -65M | -58M | -58M |
| CapEx | 311K | 2.4M | 2.9M | 7.4M | 17M | 24M | 24M |
| Maint. CapEx | 850K | 884K | 1.2M | 3.5M | 3.1M | 6.0M | 6.0M |
| Growth CapEx | 0 | 1.5M | 1.7M | 3.9M | 13M | 18M | 18M |
| D&A | 850K | 884K | 1.2M | 3.5M | 3.1M | 6.0M | 6.0M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 33K | 14M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | 3.0% | N/A | 0.0% |
| Stock-Based Comp | 294K | 4.9M | 7.0M | 6.2M | 4.6M | 5.5M | 5.5M |
| Debt Repayment | 468K | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | -591M | N/A | N/A | N/A | N/A | N/A | -23M |
| Cash & Equiv. | 390M | 258M | 119M | 13M | 9.2M | 23M | 23M |
| Long-Term Debt | 908K | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | N/A | N/A | 0.05 | 0.07 | 0.08 | 0.06 | 0.00 |
| Interest Coverage | -4.1 | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | N/A | N/A | 424M | 306M | 244M | 192M | 192M |
| Total Assets | 655M | 578M | 447M | 328M | 263M | 204M | 204M |
| Total Liabilities | N/A | N/A | 23M | 22M | 19M | 12M | 12M |
| Intangibles | 332K | 235K | 400K | 0 | N/A | N/A | N/A |
| Retained Earnings | 275M | 179M | 26M | -98M | -150M | -207M | -207M |
| Working Capital | 604M | 371M | 310M | 167M | 117M | 89M | 89M |
| Current Assets | 612M | 386M | 324M | 182M | 131M | 99M | 99M |
| Current Liabilities | 8.8M | 15M | 15M | 15M | 14M | 9.9M | 9.9M |
| Per Share Data | |||||||
| EPS | -0.35 | -0.56 | -0.87 | -0.68 | -0.30 | -0.33 | -0.33 |
| Owner EPS | -0.14 | -0.50 | -0.71 | -0.70 | -0.37 | -0.33 | -0.33 |
| Book Value | N/A | N/A | 2.40 | 1.69 | 1.41 | 1.11 | 1.11 |
| Cash Flow/Share | -0.13 | -0.47 | -0.66 | -0.64 | -0.33 | -0.27 | -0.30 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 173.6M | 171.5M | 176.3M | 181.6M | 173.5M | 173.3M | 173.3M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | -5.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 0.9 | 0.5 | 1.9 | 1.8 | 1.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | -0.8% | -7.7% | -30.6% | -78.7% | -15.5% | -20.3% | -22.0% |
| Market Cap | 2.8B | 1.1B | 391M | 158M | 472M | 347M | 319M |
| Avg. Price | 19.34 | 10.70 | 3.62 | 1.68 | 1.90 | 1.78 | 1.84 |
| Year-End Price | 16.40 | 6.26 | 2.22 | 0.87 | 2.72 | 2.00 | 1.84 |
Hyliion Holdings Corp. passes 0 of 9 quality checks, indicating weak fundamentals.
Hyliion Holdings Corp. (HYLN) has a 5-year average return on invested capital (ROIC) of -28.8%. This is below average and may indicate limited pricing power.
Hyliion Holdings Corp. (HYLN) has a market capitalization of $319M. It is classified as a small-cap stock.
Hyliion Holdings Corp. (HYLN) does not currently pay a regular dividend.
Hyliion Holdings Corp. (HYLN) operates in the Truck & Bus Bodies industry, within the Consumer Cyclical sector.
Hyliion Holdings Corp. (HYLN) generated $-70 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Hyliion Holdings Corp. (HYLN) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
Hyliion Holdings Corp. (HYLN) reported earnings per share (EPS) of $-0.33 in its most recent fiscal year.
Hyliion Holdings Corp. (HYLN) has a return on equity (ROE) of -26.2%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 6 years of financial data for Hyliion Holdings Corp. (HYLN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hyliion Holdings Corp. (HYLN) has a book value per share of $1.11, based on its most recent annual SEC filing.