Saturday 17 October 2026 Export NC’s income statement to Excel — free account

NACCO Industries, Inc.

NACCO Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $277.2 million, up 16.6% from fiscal 2024. In the quarter to June 2026, revenue grew 5.97%, EPS fell 129.6%, free cash flow grew 98.2% and total debt rose 25.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

34.28 0.66 +1.96%

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Market cap: $253.7M
P/E: 14.8×
Fwd P/E: 3.8×
Dividend yield: 3.00%
F-score: 6/9
Altman Z: 2.54
Beneish M: −2.64
Dividend safety: 52/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.61

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	—	3	—	—	—	—	—	—	—

Insider Ownership 49.48%

Capital & Financial Ratios $m

Market Cap 253.72

Revenue 278.48

Net Income 17.57

Free Cash Flow (1.46)

Net Debt 74.60

Current Ratio 3.30

Debt/Equity 0.28

P/E ratio 14.84

Fwd P/E 3.78

P/S ratio 0.93

P/B ratio 0.59

Past 5Y EPS Growth 2.28%

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 26.14%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 91.75%

10-year low 10-year high

P/S against its own 10 years 15.63%

10-year low 10-year high

P/B against its own 10 years 33.65%

10-year low 10-year high

EV/Sales against its own 10 years 59.64%

10-year low 10-year high

Dividends

Payout Ratio 0.45

Annual Dividend Rate 1.03

Annual Dividend Yield 3.00%

	total	individual payouts
2026	0.78	0.25 0.26 0.26
2025	0.99	0.23 0.25 0.25 0.25
2024	0.90	0.22 0.23 0.23 0.23
2023	0.86	0.21 0.22 0.22 0.22
2022	0.82	0.20 0.21 0.21 0.21
2021	0.79	0.19 0.20 0.20 0.20
2020	0.77	0.19 0.19 0.19 0.19
2019	0.74	0.17 0.19 0.19 0.19
2018	0.66	0.17 0.17 0.17 0.17
2017	0.35	0.06 0.06 0.06 0.17
2016	0.24	0.06 0.06 0.06 0.06

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	85	73	50	46
Receivables	45	55	50	54
Inventory	77	95	64	61
Other	25	40	35	40
	232	265	215	209

	2023	2024	2025	Q'26
Payables	18	20	17	22
ST’ Debt	4	4	9	9
Other	21	18	24	19
	70	65	70	63

Compound Annual Growth %

	10y	5y	3y
Sales	6.48%	16.63%	4.67%
Cash Flow	(7.25%)	0.00%	(9.08%)
Earnings	(2.21%)	3.51%	(38.12%)
Book Value	7.88%	7.38%	0.18%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	63	72	—	—	—
’25	66	68	77	67	277
’24	53	52	62	70	238
’23	50	61	47	57	215
’22	55	61	62	64	242
’21	45	46	52	49	192
’20	38	35	32	23	128

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	12	8	—	—	—
’25	5	(8)	42	11	51
’24	(10)	4	3	25	22
’23	6	17	40	(9)	54
’22	(1)	42	14	13	68
’21	(1)	30	38	7	75
’20	(31)	19	15	(5)	(2)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(21)	0	—	—	—
’25	(4)	(11)	20	0	5
’24	(24)	(4)	(5)	2	(32)
’23	(1)	11	16	(16)	10
’22	(6)	24	(3)	12	28
’21	(6)	19	20	3	36
’20	(36)	12	8	(16)	(32)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.17	(0.13)	—	—	—
’25	0.66	0.44	1.78	(0.52)	2.35
’24	0.61	0.81	2.14	1.02	4.55
’23	0.76	0.34	(0.51)	(5.88)	(5.29)
’22	1.72	5.07	1.45	1.84	10.06
’21	1.25	0.91	3.47	1.07	6.69
’20	0.88	0.86	1.14	(0.77)	2.10

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.31	14.20	28.77	31.92	17.95	20.05	28.42	29.37	25.19	29.54	Analyst estimates 2026–2028 Powerpack
	High	22.74	48.85	45.90	66.40	49.03	44.00	63.19	40.28	37.70	53.88
People
People	Employees	2,000	2,300	2,400	2,400	2,000	1,600	1,600	1,700	1,700	1,700
	Revenue/emp, $m	0.06	0.05	0.06	0.06	0.06	0.12	0.15	0.13	0.14	0.16
Income, $m
Income, $m	Revenue	111	105	135	141	128	192	242	215	238	277
	Gross margin, %	10.88	16.15	22.14	22.08	13.21	22.65	28.07	6.79	12.52	13.88
	EBT	(7)	29	42	43	14	57	88	(64)	34	13
	EBT margin, %	(6.03)	27.77	31.15	30.78	11.10	29.63	36.29	(29.87)	14.15	4.74
	Net income	30	30	35	40	15	48	74	(40)	34	18
	Depreciation	13	13	15	17	18	23	27	30	25	26
Per share, $
Per share, $	Revenue	16.29	15.34	19.55	20.22	18.28	26.85	33.06	28.72	32.28	37.34
	Earnings	4.34	4.44	5.02	5.68	2.11	6.73	10.14	(5.29)	4.58	2.37
	Cash flow	13.78	6.05	7.89	7.57	(0.35)	10.48	9.26	7.29	3.03	6.86
	Capex	(0.32)	(1.72)	(2.81)	(2.88)	(4.22)	(5.49)	(5.43)	(6.00)	(7.32)	(6.17)
	Free cash flow	13.46	4.33	5.08	4.69	(4.57)	4.99	3.84	1.29	(4.29)	0.68
	Book value	32.31	32.13	36.21	41.50	42.79	49.27	58.39	51.13	55.00	57.83
	Shares, m	7	7	7	7	7	7	7	7	7	7
Valuation, ×
Valuation, ×	P/E	4.65	8.80	6.74	8.24	12.46	5.39	3.57	0.00	6.48	20.69
	P/S	0.33	2.55	1.73	2.32	1.44	1.35	1.09	1.28	0.92	1.31
	P/B	0.62	1.22	0.94	1.13	0.61	0.74	0.62	0.72	0.54	0.85
	EV/Sales	0.40	1.99	1.16	1.57	0.96	1.01	0.72	1.00	1.04	1.50
	EV/FCF	1.78	7.06	4.45	6.78	(3.83)	5.44	6.17	22.30	(7.79)	81.69
Cash, $m
Cash, $m	Operating cash flow	94	41	55	53	(2)	75	68	54	22	51
	Capex	(2)	(12)	(19)	(20)	(30)	(39)	(40)	(45)	(54)	(46)
	Free cash flow	92	30	35	33	(32)	36	28	10	(32)	5
Balance, $m
Balance, $m	Working capital	160	123	122	139	136	157	216	162	200	145
	Total debt	96	43	7	18	26	21	20	26	100	101
	Net debt	27	(58)	(78)	(105)	(62)	(65)	(91)	(59)	27	51
	Shareholders’ equity	220	219	251	289	301	352	427	382	405	429
Returns, %
Returns, %	ROA	4.47	5.74	9.08	9.65	3.21	9.79	13.79	(7.15)	5.76	2.72
	ROIC	(0.42)	12.74	15.81	13.15	3.52	12.07	13.02	(13.56)	5.17	2.86
	ROE	14.05	13.80	14.80	14.68	5.01	14.75	19.04	(9.78)	8.57	4.21

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CNR Core Natural Resources, Inc.	$4.4B	45.4×	24.8×	+3.51% (above 0%: growing)	n/m	+13.36% (above 0%: growing)	22.09%	13.65%	Compare
ARLP Alliance Resource Partners, L.P.	$3.2B	12.6×	11.7×	+0.75% (above 0%: growing)	+32.61% (above 0%: growing)	+21.12% (above 0%: growing)	36.75%	17.33%	Compare
BTU Peabody Energy Corporation	$2.9B	— (loss-making)	33.0×	+12.71% (above 0%: growing)	n/m	+11.29% (above 0%: growing)	4.91%	(10.51%)	Compare
NRP Natural Resource Partners LP	$1.5B	14.2×	—	−3.97% (below 0%: shrinking)	−27.06% (below 0%: shrinking)	−11.47% (below 0%: shrinking)	100.00%	54.52%	Compare
NC NACCO Industries, Inc.	$253.7M	14.8×	3.8×	+5.97% (above 0%: growing)	n/m	+98.20% (above 0%: growing)	21.02%	(3.14%)
Median of peers	$3.1B	14.2×	24.8×	+2.13%	—	+12.33%	29.42%	15.49%

All 5 Thermal Coal stocks →

NACCO Industries, Inc. (NC) key facts

Strength: NACCO Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $277.2 million, up 16.6% from fiscal 2024.
NACCO Industries, Inc. (NC) is a Thermal Coal company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, NC traded at $34.28, a market capitalization of $253.7 million.
NACCO Industries, Inc. pays an annual dividend of $1.03 per share, a yield of 3.00%, with a payout ratio of 44.8%.
Return on equity was 4.21% and debt-to-equity 0.28.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.54 (grey zone) for fiscal 2025.