Shyft Group (SHYF) Stock Price

Shyft Group Price

Delisted·Jun 30, 2025
12.54USD
Last traded price

Over the last 19 years Shyft Group grew revenue by 4.5% annually, reaching 786.18 M USD. Earnings per share have declined at 2.4% per year over the last 18 years. For Shyft Group, the net margin of -0.4% is down versus 4.9% a few years ago. At today's price the dividend yield works out to roughly 1.59%. The consensus 12-month price target for Shyft Group is 15.81 USD, about 26.1% above where the stock trades today. Of 9 analysts, 6 rate the stock a buy — an overall Buy consensus.

Shyft Group stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Shyft Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Shyft Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Shyft Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Shyft Group Stock Price History
DateShyft Group Price
Access this data via the Eulerpool API

Shyft Group Revenue, EBIT, Net Income

  • 3 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
756.54 M USD
48.08 M USD
36.79 M USD
Jan 1, 2020
675.97 M USD
49.45 M USD
32.82 M USD
Jan 1, 2021
991.79 M USD
84.05 M USD
68.93 M USD
Jan 1, 2022
1.03 B USD
47.51 M USD
36.56 M USD
Jan 1, 2023
872.20 M USD
7.22 M USD
6.50 M USD
Jan 1, 2024
786.18 M USD
4.11 M USD
-2.80 M USD
Jan 1, 2025 (e)
882.82 M USD
27.29 M USD
26.97 M USD
Jan 1, 2026 (e)
959.68 M USD
47.33 M USD
39.82 M USD

Shyft Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 26, 2026, 9:01 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201120122013201420152016201720182019202020212022202320242025e2026e
0.430.470.470.510.550.590.710.820.760.680.991.030.870.790.880.96
-11.2510.33-0.217.898.707.2719.8315.42-7.35-10.7146.813.63-15.09-9.8612.218.73
14.0812.3411.3012.458.5512.2012.5912.0115.4821.6320.0817.5317.2019.9719.9719.97
60.0058.0053.0063.0047.0072.0089.0098.00117.00146.00199.00180.00150.00157.00176.18191.56
1.00-2.00-8.00-1.00-12.008.0016.0016.0048.0049.0084.0047.007.004.0027.0047.00
0.23-0.43-1.71-0.20-2.181.362.261.966.357.268.484.580.800.513.064.90
-2.00-5.001.00-16.008.0015.0015.0036.0032.0068.0036.006.00-2.0026.0039.00
150.00-120.00-1,700.00-150.0087.50140.00-11.11112.50-47.06-83.33-133.33-1,400.0050.00
0.200.200.200.200.24
20.00
33.5133.2533.7033.6533.8934.4235.1235.2135.5836.2336.1935.4434.3034.4334.4334.43
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Shyft Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Shyft Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Shyft Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Shyft Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Shyft Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Shyft Group stock margins

The Shyft Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Shyft Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Shyft Group.
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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
15.47 %
6.36 %
4.86 %
Jan 1, 2020
21.64 %
7.32 %
4.86 %
Jan 1, 2021
20.09 %
8.47 %
6.95 %
Jan 1, 2022
17.57 %
4.63 %
3.56 %
Jan 1, 2023
17.24 %
0.83 %
0.74 %
Jan 1, 2024
19.99 %
0.52 %
-0.36 %
Jan 1, 2025 (e)
19.99 %
3.09 %
3.05 %
Jan 1, 2026 (e)
19.99 %
4.93 %
4.15 %

Shyft Group Stock Revenue, EBIT, Earnings per Share

The Shyft Group earnings per share therefore indicates how much revenue Shyft Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
21.26 USD
1.35 USD
1.03 USD
Jan 1, 2020
18.66 USD
1.37 USD
0.91 USD
Jan 1, 2021
27.41 USD
2.32 USD
1.90 USD
Jan 1, 2022
28.98 USD
1.34 USD
1.03 USD
Jan 1, 2023
25.43 USD
0.21 USD
0.19 USD
Jan 1, 2024
22.84 USD
0.12 USD
-0.08 USD
Jan 1, 2025 (e)
25.64 USD
0.79 USD
0.78 USD
Jan 1, 2026 (e)
27.88 USD
1.37 USD
1.16 USD

Shyft Group business model & stock analysis

The Shyft Group Inc is a leading company in the specialty vehicles sector, headquartered in Novi, Michigan, USA. The company's history dates back to 1952 when it was founded under the name Brown Industries. Since then, the company has continuously evolved and is now a key player in various segments of the transportation industry. The business model of Shyft Group Inc is based on the development and manufacturing of vehicles tailored to the specific needs and requirements of customers. The company uses advanced technologies and materials to produce innovative and durable vehicles. The range of services includes the development of specialty vehicles for delivery, material transport, mobile workshops, emergency services, and mobile businesses. Overall, the company consists of four different divisions. The first division, Shyft Fleet Vehicles and Services, specializes in the development and manufacturing of commercial vehicles. This includes courier, parcel delivery, utility vehicles, and heavy-duty transporters. The vehicles of Shyft Fleet Vehicles and Services are manufactured in close collaboration with customers to meet the specific requirements of various industries such as agriculture, maintenance and repair of communication equipment, or automotive services. The second division of Shyft Group Inc is Spartan Emergency Response and manufactures specialized response vehicles, fire trucks, rescue vehicles, and command vehicles. These vehicles are used, for example, by fire departments or emergency medical services. The specialty vehicles are designed to be optimally tailored to the needs of different customers. The third division of Shyft Group Inc is Spartan Specialty Vehicles, which produces mobile businesses or mobile sales booths, for example. The vehicles of Spartan Specialty Vehicles are used, for instance, as mobile workshops or stationary solutions for dealers and events. Customers can have the vehicles customized to ensure that they meet the specific requirements of their respective companies or event organizers. The fourth division of Shyft Group Inc is Spartan Motors International, which specializes in the export of specialty vehicles abroad. This primarily reaches customers in Asia, Africa, and Europe. With this, Shyft Group Inc has been able to expand its global presence and steadily increase its revenue since the beginning of the export business. Shyft Group Inc offers a wide range of products, all tailored to the specific needs of customers. The already mentioned commercial vehicles and specialty vehicles form only part of the product offering. The company also produces so-called Morgan storage solutions, which have foldable walls and can be easily dismantled as truck bodies. The technologies used in the development and manufacturing of the vehicles are advanced and forward-thinking. An important argument for the company is the commitment to producing environmentally friendly and resource-efficient vehicles. For example, many of the vehicles have alternative propulsion or exhaust cleaning systems to reduce CO2 emissions and other pollutants. In summary, Shyft Group Inc is an important player in the specialty vehicles market. With four different divisions and a wide range of products, the company aims to serve customers in various industries and regions. The focus on customer orientation, innovation, and sustainability is a key unique selling point of the company.

Shyft Group SWOT Analysis

Strengths

Shyft Group Inc has several strengths that contribute to its success in the market. These include:

  • Strong brand reputation and recognition in the industry
  • Wide range of high-quality products and solutions
  • Robust supply chain and efficient logistics network
  • Strong financial performance and healthy cash flow
  • Experienced management team with industry expertise

Weaknesses

Despite its strengths, Shyft Group Inc also faces certain weaknesses, which should be considered:

  • Heavy dependence on a specific market segment or customer base
  • Limited geographic presence and market reach compared to competitors
  • Relatively higher production costs compared to some competitors
  • Potential vulnerability to economic downturns or market fluctuations
  • Slow adoption of new technologies and digitalization

Opportunities

Shyft Group Inc has various opportunities to capitalize on for future growth and development:

  • Expanding into new emerging markets and diversifying customer base
  • Increasing demand for eco-friendly and sustainable products
  • Strategic partnerships or acquisitions to enhance market presence
  • E-commerce and online sales growth potential
  • Investing in research and development to innovate and introduce new products

Threats

Shyft Group Inc should be aware of the following potential threats and consider appropriate strategies to mitigate them:

  • Intense competition from existing and new players in the market
  • Economic instability and global market uncertainties
  • Changing government regulations and compliance requirements
  • Fluctuating raw material prices impacting production costs
  • Rapid technological advancements disrupting traditional business models

Shyft Group Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Shyft Group historical P/E ratio, EBIT multiple, and P/S ratio

Shyft Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Shyft Group shares outstanding

The number of shares of Shyft Group was 34.43 M in 2025. This indicates how many shares Shyft Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
35.58 M Stocks
Jan 1, 2020
36.23 M Stocks
Jan 1, 2021
36.19 M Stocks
Jan 1, 2022
35.44 M Stocks
Jan 1, 2023
34.30 M Stocks
Jan 1, 2024
34.43 M Stocks
Jan 1, 2025 (e)
34.43 M Stocks
Jan 1, 2026 (e)
34.43 M Stocks

Shyft Group stock splits

In Shyft Group's history, there have been no stock splits.

Shyft Group Dividend History

35 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.10USD 50.0%
Feb 27, 20250.05USD 0.0%1/2
May 16, 20250.05USD 0.0%2/2
20240.20USD 0.0%
20230.20USD 0.0%
20220.20USD 100.0%
20210.10USD 0.0%
20200.10USD 0.0%
20190.10USD 0.0%
20180.10USD 0.0%
20170.10USD 0.0%
20160.10USD 0.0%

Shyft Group dividend history and estimates

In 2025, Shyft Group paid a dividend amounting to 0.10 USD. Dividend means that Shyft Group distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2019 (e)
0.10 USD
0.00 USD
Jan 1, 2020 (e)
0.10 USD
0.00 USD
Jan 1, 2021 (e)
0.10 USD
0.00 USD
Jan 1, 2022
0.20 USD
0.00 USD
Jan 1, 2023
0.20 USD
0.00 USD
Jan 1, 2024
0.20 USD
0.00 USD
Jan 1, 2025 (e)
0.10 USD
0.10 USD
Jan 1, 2026 (e)
0.00 USD
0.24 USD

Shyft Group dividend payout ratio

In 2025, Shyft Group had a payout ratio of 25.53%. The payout ratio indicates the percentage of the company's profits that Shyft Group distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2019
9.67 %
Jan 1, 2020
11.04 %
Jan 1, 2021
5.25 %
Jan 1, 2022
19.39 %
Jan 1, 2023
105.60 %
Jan 1, 2024
-246.35 %
Jan 1, 2025 (e)
25.53 %
Jan 1, 2026 (e)
20.75 %

Current Shyft Group forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy66.67 % (6)
Hold33.33 % (3)
Sell0.00 % (0)
12M Price Target
15.81
Last Price
12.54
Currency
USD
12M Return Potential
26.08 %
LTM Return
0 %

Shyft Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/22/20260.22USD223.28 MUSD2026 Q1
2/18/20260.37USD252.25 MUSD2025 Q4
4/25/2024-0.01USD212.54 MUSD2024 Q1
2/21/2024-0.04USD204.71 MUSD2023 Q4
7/26/20230.49USD286.97 MUSD2023 Q2
4/26/20230.24USD254.79 MUSD2023 Q1
2/22/20230.48USD317.82 MUSD2022 Q4
10/27/20220.45USD292.72 MUSD2022 Q3
7/28/20220.18USD226.37 MUSD2022 Q2
4/28/2022-0.07USD194.19 MUSD2022 Q1
...

EESG©

Eulerpool ESG Scorecard© for the Shyft Group stock

73/100
88
Environment
76
Social
55
Governance
E

Environment

20
Scope 1 - Direct Emissions8,275
Scope 2 - Indirect emissions from purchased energy6,291
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions14,566
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees25.6
Percentage of women in management
Percentage of Asian employees2.51
Share of Asian management4.98
Percentage of Hispanic/Latino employees18.11
Hispano/Latino Management share10.37
Percentage of Black employees9.73
Black Management Share1.66
Percentage of white employees66.75
White Management Share80.92
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Shyft Group shareholder structure

% Name
5.60607%
Rayburn Group
Rayburn Group
0.45656%
Keeley-Teton Advisors, LLC
Keeley-Teton Advisors, LLC
0.45187%
Sharman (James A.)
Sharman (James A.)
0.41538%
Sherbin (Joshua A)
Sherbin (Joshua A)
0.39347%
Dunn John (Albert)
Dunn John (Albert)
0.30177%
Farmer (Jacob Owen)
Farmer (Jacob Owen)
...

Shyft Group Executives and Management Board

JF

Mr. Jacob Farmer

(47)

President - Fleet Vehicles and Services & President - Specialty Vehicles

Compensation3.83 M USD
SO

Mr. Scott Ocholik

(51)

Interim Chief Financial Officer, Chief Accounting Officer, Vice President, Controller

Shyft Group Supply Chain

Shyft Group Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
5 companies
#Name1M3M6M1Y2YTrend
1
Ford Motor
Supplier
0.70
0.85
0.75
0.56
0.89
2
-0.83
0.59
0.83
0.50
0.68
3
0.92
0.41
0.70
0.44
0.47
#Name1M3M6M1Y2YTrend
1
-0.81
0.70
-0.19
-0.22
0.06
2
-0.10
0.73
0.89
0.39
0.24

Frequently asked questions about Shyft Group

The business model of Shyft Group Inc revolves around manufacturing and providing specialized vehicles and equipment. With a focus on commercial vehicles, the company designs and produces vehicles for various industries, including delivery, mobile retail, utilities, and more. Shyft Group also offers fleet management services, vehicle upfitting, and aftermarket parts and accessories. By catering to the unique needs of businesses and organizations, Shyft Group Inc aims to provide innovative and efficient solutions that enhance productivity and mobility.

All fundamentals and in-depth analysis of Shyft Group

Our stock analysis for Shyft Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shyft Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.