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NACCO Industries Financials

NC
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows NACCO Industries (NC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
40

NACCO Industries has an operating margin of 7.9%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from 15.0% the prior year.

Growth
61

NACCO Industries's revenue surged 16.6% year-over-year to $277.2M, reflecting rapid business expansion. This strong growth earns a score of 61/100.

Leverage
97

NACCO Industries carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
59

NACCO Industries's current ratio of 3.09 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
27

While NACCO Industries generated $50.9M in operating cash flow, capex of $48.6M consumed most of it, leaving $2.3M in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.

Returns
20

NACCO Industries generates a 4.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is down from 8.3% the prior year.

Altman Z-Score Grey Zone
2.61

NACCO Industries scores 2.61, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
6/9

NACCO Industries passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.90x

For every $1 of reported earnings, NACCO Industries generates $2.90 in operating cash flow ($50.9M OCF vs $17.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.8x

NACCO Industries earns $3.8 in operating income for every $1 of interest expense ($22.0M vs $5.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$277.2M
YoY+16.6%
5Y CAGR+16.6%
10Y CAGR+6.5%

NACCO Industries generated $277.2M in revenue in fiscal year 2025. This represents an increase of 16.6% from the prior year.

EBITDA
$47.3M
YoY-21.7%
5Y CAGR+8.4%
10Y CAGR+13.2%

NACCO Industries's EBITDA was $47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.7% from the prior year.

Net Income
$17.6M
YoY-47.9%
5Y CAGR+3.5%
10Y CAGR-2.2%

NACCO Industries reported $17.6M in net income in fiscal year 2025. This represents a decrease of 47.9% from the prior year.

EPS (Diluted)
$2.35
YoY-48.4%
5Y CAGR+2.3%
10Y CAGR-2.8%

NACCO Industries earned $2.35 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 48.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$2.3M
YoY+107.0%
10Y CAGR-31.7%

NACCO Industries generated $2.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 107.0% from the prior year.

Cash & Debt
$49.7M
YoY-31.8%
5Y CAGR-10.9%
10Y CAGR+3.4%

NACCO Industries held $49.7M in cash against $100.8M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.98
YoY+9.4%
5Y CAGR+5.1%
10Y CAGR-0.6%

NACCO Industries paid $0.98 per share in dividends in fiscal year 2025. This represents an increase of 9.4% from the prior year.

Shares Outstanding
N/A

Margins & Returns

Gross Margin
13.9%
YoY+1.4pp
5Y CAGR+0.7pp
10Y CAGR+21.5pp

NACCO Industries's gross margin was 13.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.

Operating Margin
7.9%
YoY-7.1pp
5Y CAGR-2.5pp
10Y CAGR+10.4pp

NACCO Industries's operating margin was 7.9% in fiscal year 2025, reflecting core business profitability. This is down 7.1 percentage points from the prior year.

Net Margin
6.3%
YoY-7.8pp
5Y CAGR-5.2pp
10Y CAGR-8.5pp

NACCO Industries's net profit margin was 6.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.8 percentage points from the prior year.

Return on Equity
4.1%
YoY-4.2pp
5Y CAGR-0.8pp
10Y CAGR-6.8pp

NACCO Industries's ROE was 4.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$2.5M
YoY-74.5%
5Y CAGR+20.4%
10Y CAGR-20.1%

NACCO Industries spent $2.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 74.5% from the prior year.

Capital Expenditures
$48.6M
YoY-11.1%
5Y CAGR+10.0%
10Y CAGR+27.0%

NACCO Industries invested $48.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.1% from the prior year.

NC Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $66.8M-12.8% $76.6M+12.3% $68.2M+4.1% $65.6M-6.9% $70.4M+14.2% $61.7M+17.8% $52.3M-1.8% $53.3M
Cost of Revenue $54.8M-17.8% $66.6M+8.5% $61.4M+9.8% $55.9M-9.7% $61.9M+13.8% $54.4M+20.0% $45.3M-2.0% $46.3M
Gross Profit $12.0M+20.6% $10.0M+46.2% $6.8M-29.4% $9.7M+13.9% $8.5M+17.0% $7.2M+3.2% $7.0M0.0% $7.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $20.7M+5.7% $19.5M-1.1% $19.8M+10.7% $17.9M-11.1% $20.1M+21.9% $16.5M-7.0% $17.7M+14.7% $15.5M
Operating Income $7.6M+11.7% $6.8M+13388.2% -$51K-100.7% $7.7M+97.8% $3.9M-80.3% $19.7M+167.4% $7.4M+54.8% $4.8M
Interest Expense $949K-12.7% $1.1M-44.1% $1.9M+9.6% $1.8M+0.9% $1.8M+26.8% $1.4M+5.7% $1.3M+18.0% $1.1M
Income Tax $3.9M+153.5% -$7.3M-476.4% -$1.3M-657.7% $227K+104.7% -$4.9M-238.7% $3.5M+1266.0% $256K-74.5% $1.0M
Net Income -$3.8M-129.0% $13.3M+306.6% $3.3M-33.5% $4.9M-35.2% $7.6M-51.6% $15.6M+161.8% $6.0M+30.7% $4.6M
EPS (Diluted) N/A $1.78+304.5% $0.44-33.3% $0.66 N/A $2.14+164.2% $0.81+32.8% $0.61

NC Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $661.2M+3.7% $637.6M+1.0% $631.3M-0.5% $634.2M+0.4% $631.7M+5.7% $597.4M+6.7% $560.1M+4.1% $538.0M
Current Assets $214.9M+3.5% $207.7M-8.6% $227.3M-0.1% $227.5M-14.1% $264.7M+2.2% $259.0M+12.1% $231.0M+8.5% $212.8M
Cash & Equivalents $49.7M-5.6% $52.7M+6.6% $49.4M-20.2% $61.9M-15.0% $72.8M+15.5% $63.1M+1.1% $62.4M+0.8% $61.8M
Inventory $63.6M+6.3% $59.9M+2.3% $58.6M-7.2% $63.1M-33.3% $94.6M+0.2% $94.4M+13.2% $83.4M+10.1% $75.8M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $232.0M+9.8% $211.2M-3.2% $218.2M-3.1% $225.1M-0.7% $226.7M+13.3% $200.1M+13.7% $176.0M+12.5% $156.4M
Current Liabilities $69.6M+2.5% $67.9M+16.7% $58.2M-12.6% $66.6M+2.6% $64.9M-5.9% $68.9M-15.8% $81.8M+28.0% $63.9M
Long-Term Debt $100.8M N/A N/A N/A $99.4M N/A $29.0M+2.3% $28.4M
Total Equity $429.2M+0.7% $426.4M+3.2% $413.1M+1.0% $409.1M+1.0% $404.9M+1.9% $397.3M+3.4% $384.1M+0.6% $381.6M
Retained Earnings $381.1M-1.9% $388.7M+3.0% $377.3M+0.4% $375.9M+0.7% $373.4M+1.5% $367.8M+3.4% $355.8M+0.3% $354.7M

NC Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $11.4M-73.0% $42.3M+643.4% -$7.8M-254.8% $5.0M-80.0% $25.2M+792.8% $2.8M-30.6% $4.1M+141.6% -$9.8M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$31.4M-44.0% -$21.8M-768.9% -$2.5M+70.6% -$8.5M+78.8% -$40.2M-417.2% -$7.8M+10.0% -$8.6M+41.0% -$14.6M
Financing Cash Flow $17.0M+198.8% -$17.2M-683.0% -$2.2M+70.4% -$7.4M-130.0% $24.9M+339.7% $5.7M+10.9% $5.1M+351.9% $1.1M
Dividends Paid $1.9M+0.1% $1.9M+0.2% $1.9M+11.1% $1.7M+1.9% $1.7M+0.1% $1.7M-1.1% $1.7M+2.8% $1.6M
Share Buybacks $1.8M $0 $0-100.0% $695K+88.9% $368K-81.8% $2.0M-38.6% $3.3M-23.1% $4.3M

NC Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 18.0%+5.0pp 13.0%+3.0pp 10.0%-4.7pp 14.7%+2.7pp 12.0%+0.3pp 11.8%-1.7pp 13.4%+0.2pp 13.2%
Operating Margin 11.3%+2.5pp 8.8%+8.9pp -0.1%-11.8pp 11.7%+6.2pp 5.5%-26.4pp 31.9%+17.9pp 14.1%+5.1pp 8.9%
Net Margin -5.8%-23.0pp 17.3%+12.5pp 4.8%-2.7pp 7.5%-3.3pp 10.7%-14.6pp 25.4%+14.0pp 11.4%+2.8pp 8.6%
Return on Equity -0.9%-4.0pp 3.1%+2.3pp 0.8%-0.4pp 1.2%-0.7pp 1.9%-2.1pp 3.9%+2.4pp 1.6%+0.3pp 1.2%
Return on Assets -0.6%-2.7pp 2.1%+1.6pp 0.5%-0.3pp 0.8%-0.4pp 1.2%-1.4pp 2.6%+1.6pp 1.1%+0.2pp 0.9%
Current Ratio 3.09+0.0 3.06-0.8 3.91+0.5 3.42-0.7 4.08+0.3 3.76+0.9 2.82-0.5 3.33
Debt-to-Equity 0.23-0.3 0.50-0.0 0.53-0.0 0.55+0.3 0.25-0.3 0.50+0.4 0.080.0 0.07
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

NACCO Industries (NC) reported $277.2M in total revenue for fiscal year 2025. This represents a 16.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

NACCO Industries (NC) revenue grew by 16.6% year-over-year, from $237.7M to $277.2M in fiscal year 2025.

Yes, NACCO Industries (NC) reported a net income of $17.6M in fiscal year 2025, with a net profit margin of 6.3%.

NACCO Industries (NC) reported diluted earnings per share of $2.35 for fiscal year 2025. This represents a -48.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

NACCO Industries (NC) had EBITDA of $47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, NACCO Industries (NC) had $49.7M in cash and equivalents against $100.8M in long-term debt.

NACCO Industries (NC) had a gross margin of 13.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

NACCO Industries (NC) had an operating margin of 7.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

NACCO Industries (NC) had a net profit margin of 6.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, NACCO Industries (NC) paid $0.98 per share in dividends during fiscal year 2025.

NACCO Industries (NC) has a return on equity of 4.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

NACCO Industries (NC) generated $2.3M in free cash flow during fiscal year 2025. This represents a 107.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

NACCO Industries (NC) generated $50.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

NACCO Industries (NC) had $661.2M in total assets as of fiscal year 2025, including both current and long-term assets.

NACCO Industries (NC) invested $48.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, NACCO Industries (NC) spent $2.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

NACCO Industries (NC) had a current ratio of 3.09 as of fiscal year 2025, which is generally considered healthy.

NACCO Industries (NC) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

NACCO Industries (NC) had a return on assets of 2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

NACCO Industries (NC) has an Altman Z-Score of 2.61, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

NACCO Industries (NC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

NACCO Industries (NC) has an earnings quality ratio of 2.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

NACCO Industries (NC) has an interest coverage ratio of 3.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

NACCO Industries (NC) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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