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NACCO Industries (NC) Financials

NACCO Industries logo
$46.70 -1.27 (-2.64%)
Closing price 03:59 PM Eastern
Extended Trading
$46.20 -0.50 (-1.08%)
As of 07:34 PM Eastern
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Annual Income Statements for NACCO Industries

Annual Income Statements for NACCO Industries

This table shows NACCO Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 22 30 30 35 40 15 48 74 -40 34 18
Consolidated Net Income / (Loss)		 22 30 30 35 40 15 48 74 -40 34 18
Net Income / (Loss) Continuing Operations		 2.27 2.96 28 35 40 15 48 74 -40 34 18
Total Pre-Tax Income 		-7.24 -6.69 29 42 43 14 57 88 -64 34 13
Total Operating Income		 -3.73 -1.66 33 44 39 13 55 70 -70 36 22
Total Gross Profit		 -11 12 17 30 31 17 43 68 15 30 38
Total Revenue		 148 111 105 135 141 128 192 242 215 238 277
Operating Revenue		 148 111 105 135 141 128 192 242 215 238 277
Total Cost of Revenue		 159 99 88 105 110 111 148 174 200 208 239
Operating Cost of Revenue		 159 99 88 105 110 111 148 174 200 208 239
Total Operating Expenses		 -7.51 14 -16 -14 -7.69 3.52 -12 -2.14 85 -5.95 16
Selling, General & Admin Expense		 40 49 47 49 54 53 56 64 66 70 78
Amortization Expense		 2.61 2.50 2.12 3.04 2.61 2.57 3.56 3.72 3.00 0.53 0.75
Other Operating Expenses / (Income)		 -48 -55 -61 -65 -64 -60 -61 -57 -50 -57 -62
Other Special Charges / (Income)		 -1.78 0.17 -5.13 -0.89 -0.21 -0.27 -10 -16 0.00 -19 -0.29
Total Other Income / (Expense), net		 -3.51 -5.03 -3.71 -1.46 4.58 0.81 1.44 18 5.76 -2.06 -8.84
Interest Expense		 4.96 4.32 3.44 1.13 0.87 1.35 1.72 2.03 2.46 5.57 5.75
Interest & Investment Income		 2.04 1.22 1.25 1.28 4.92 1.20 0.45 1.45 6.08 4.43 3.05
Other Income / (Expense), net		 -0.59 -1.94 -1.52 -1.60 0.54 0.96 2.71 18 2.14 -0.92 -6.14
Income Tax Expense		 -9.51 -9.65 0.64 7.38 3.77 -0.54 8.73 14 -25 -0.10 -4.43
Basic Earnings per Share		 $3.14 $4.34 $4.44 $5.02 $5.68 $2.11 $6.73 $10.14 ($5.29) $4.58 $2.37
Weighted Average Basic Shares Outstanding		 7.00M 6.82M 6.83M 6.92M 6.97M 7.03M 7.15M 7.31M 7.48M 7.36M 7.42M
Diluted Earnings per Share		 $3.13 $4.32 $4.41 $5.00 $5.66 $2.10 $6.69 $10.06 ($5.29) $4.55 $2.35
Weighted Average Diluted Shares Outstanding		 7.02M 6.85M 6.87M 6.96M 7.01M 7.06M 7.19M 7.37M 7.48M 7.41M 7.48M
Weighted Average Basic & Diluted Shares Outstanding		 6.88M 6.83M 6.93M 7.00M 6.97M 7.06M 7.18M 7.50M 7.50M 7.43M 7.53M
Cash Dividends to Common per Share		 $1.05 $1.07 $0.98 $0.66 $0.74 $0.77 $0.79 $0.82 $0.86 $0.90 $0.99

Quarterly Income Statements for NACCO Industries

This table shows NACCO Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.83 -44 4.57 5.97 16 7.56 4.90 3.26 13 -3.84 8.84
Consolidated Net Income / (Loss)		 -3.83 -44 4.57 5.97 16 7.56 4.90 3.26 13 -3.84 8.84
Net Income / (Loss) Continuing Operations		 -3.83 -44 4.57 5.97 16 7.56 4.90 3.26 13 -3.84 8.84
Total Pre-Tax Income 		-5.85 -66 5.57 6.23 19 2.71 5.13 1.99 5.96 0.07 9.83
Total Operating Income		 -6.27 -67 4.76 7.37 20 3.88 7.68 -0.05 6.78 7.57 11
Total Gross Profit		 -2.17 7.00 7.02 7.02 7.24 8.48 9.65 6.82 9.97 12 14
Total Revenue		 47 57 53 52 62 70 66 68 77 67 63
Operating Revenue		 47 57 53 52 62 70 66 68 77 67 63
Total Cost of Revenue		 49 50 46 45 54 62 56 61 67 55 48
Operating Cost of Revenue		 49 50 46 45 54 62 56 61 67 55 48
Total Operating Expenses		 4.09 74 2.26 -0.35 -12 4.59 1.97 6.87 3.19 4.46 3.28
Selling, General & Admin Expense		 16 20 15 18 16 20 18 20 20 21 20
Amortization Expense		 0.64 0.70 0.13 0.12 0.13 0.16 0.16 0.25 0.17 0.18 0.15
Other Operating Expenses / (Income)		 -13 -12 -13 -14 -15 -15 -16 -13 -16 -16 -17
Other Special Charges / (Income)		 0.09 0.08 -0.01 -4.59 -14 -0.24 -0.07 -0.01 -0.03 -0.18 -0.01
Total Other Income / (Expense), net		 0.42 1.28 0.82 -1.14 -0.57 -1.17 -2.56 2.05 -0.82 -7.51 -1.19
Interest Expense		 0.63 0.71 1.11 1.31 1.39 1.76 1.77 1.94 1.09 0.95 1.66
Interest & Investment Income		 1.68 1.53 1.13 1.04 1.08 1.18 0.87 0.77 0.71 0.71 0.60
Other Income / (Expense), net		 -0.63 0.46 0.80 -0.87 -0.27 -0.59 -1.65 3.22 -0.44 -7.27 -0.13
Income Tax Expense		 -2.02 -22 1.00 0.26 3.50 -4.85 0.23 -1.27 -7.30 3.91 0.99
Basic Earnings per Share		 ($0.51) ($5.89) $0.61 $0.81 $2.14 $1.02 $0.67 $0.44 $1.78 ($0.52) $1.18
Weighted Average Basic Shares Outstanding		 7.52M 7.48M 7.45M 7.39M 7.31M 7.36M 7.36M 7.45M 7.45M 7.42M 7.48M
Diluted Earnings per Share		 ($0.51) ($5.88) $0.61 $0.81 $2.14 $0.99 $0.66 $0.44 $1.78 ($0.53) $1.17
Weighted Average Diluted Shares Outstanding		 7.52M 7.48M 7.52M 7.39M 7.31M 7.41M 7.45M 7.45M 7.45M 7.48M 7.55M
Weighted Average Basic & Diluted Shares Outstanding		 7.51M 7.50M 7.45M 7.35M 7.30M 7.43M 7.44M 7.45M 7.46M 7.53M 7.54M
Cash Dividends to Common per Share		 $0.22 - $0.22 $0.23 $0.23 - $0.23 $0.25 $0.25 - $0.25

Annual Cash Flow Statements for NACCO Industries

This table details how cash moves in and out of NACCO Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -8.64 28 24 -16 38 -34 -2.45 25 -26 -12 -23
Net Cash From Operating Activities		 108 94 41 55 53 -2.49 75 68 54 22 51
Net Cash From Continuing Operating Activities		 82 31 49 55 53 -2.49 74 68 54 22 51
Net Income / (Loss) Continuing Operations		 2.27 2.96 28 35 40 15 48 74 -40 34 18
Consolidated Net Income / (Loss)		 22 30 30 35 40 15 48 74 -40 34 18
Depreciation Expense		 17 13 13 15 16 18 23 27 29 25 25
Amortization Expense		 0.85 0.37 0.47 0.33 0.33 0.33 0.33 0.45 0.51 0.62 0.76
Non-Cash Adjustments To Reconcile Net Income		 0.33 21 12 -4.88 -2.69 9.36 7.15 -7.33 80 6.36 30
Changes in Operating Assets and Liabilities, net		 61 -5.67 -4.37 9.70 -0.74 -45 -4.30 -26 -16 -43 -23
Net Cash From Investing Activities		 -8.29 -9.82 -15 -18 -20 -46 -44 -33 -82 -71 -64
Net Cash From Continuing Investing Activities		 -1.75 -3.89 -11 -18 -20 -46 -39 -33 -82 -71 -64
Purchase of Property, Plant & Equipment		 -4.44 -10 -16 -21 -25 -44 -39 -54 -82 -55 -53
Purchase of Investments		 - - - - 0.00 -2.00 - 0.00 -3.46 -17 -17
Sale of Property, Plant & Equipment		 3.43 7.98 3.96 1.45 4.57 0.57 0.63 2.84 0.56 0.82 2.80
Sale and/or Maturity of Investments		 - - - - - - - - - 0.00 3.30
Other Investing Activities, net		 -0.73 -1.71 1.09 1.09 -0.17 -0.19 -0.22 -0.17 -0.15 -0.14 -0.28
Net Cash From Financing Activities		 -108 -56 -2.31 -53 5.11 14 -33 -9.84 1.47 37 -9.86
Net Cash From Continuing Financing Activities		 -98 6.13 -6.05 -53 5.11 14 -33 -9.84 1.47 37 -9.86
Repayment of Debt		 -1.91 -23 -7.37 -47 -0.75 -1.02 -5.19 -6.92 -4.21 -7.33 -4.99
Repurchase of Common Equity		 -24 -6.04 0.00 -1.29 -3.01 -1.00 - 0.00 -3.10 -9.94 -2.53
Payment of Dividends		 -7.30 -7.26 -6.68 -4.58 -5.13 -5.38 -5.62 -6.01 -6.45 -6.62 -7.34
Issuance of Debt		 -80 - -30 0.42 14 21 -22 3.09 15 61 5.00

Quarterly Cash Flow Statements for NACCO Industries

This table details how cash moves in and out of NACCO Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -29 20 -14 -3.54 -2.13 6.90 -16 -4.71 -39 37 -8.92
Net Cash From Operating Activities		 40 -8.53 -9.76 4.06 2.82 25 5.02 -7.78 42 11 12
Net Cash From Continuing Operating Activities		 - 54 0.00 - - 22 0.00 - - 51 0.00
Net Income / (Loss) Continuing Operations		 - -40 0.00 - - 34 0.00 - - 18 0.00
Net Cash From Investing Activities		 -25 -44 -15 -8.64 -7.78 -40 -8.53 -2.51 -22 -31 -33
Net Cash From Continuing Investing Activities		 -25 -44 -15 -8.64 -7.78 -40 -8.53 -2.51 -22 -31 -33
Purchase of Property, Plant & Equipment		 -24 -44 -14 -7.92 -8.30 -25 -8.81 -3.14 -22 -19 -33
Sale of Property, Plant & Equipment		 0.03 0.24 0.01 0.08 0.33 0.41 0.07 0.05 0.27 2.41 0.01
Sale and/or Maturity of Investments		 - - - - - - 0.00 - - - 1.00
Other Investing Activities, net		 -1.12 0.99 -0.16 -0.80 0.19 0.64 0.21 0.59 0.35 -1.42 -0.10
Net Cash From Financing Activities		 -3.73 9.51 1.13 5.10 5.65 25 -7.44 -2.20 -17 17 24
Net Cash From Continuing Financing Activities		 -3.73 9.51 1.13 5.10 5.65 25 -7.44 -2.20 -17 17 24
Repayment of Debt		 -0.94 -1.02 5.71 9.15 -19 -3.44 -1.15 -6.17 -16 19 -1.17
Repurchase of Common Equity		 -0.82 -2.28 -4.27 -3.29 -2.02 -0.37 -0.70 - - -1.84 0.00
Payment of Dividends		 -1.64 -1.63 -1.63 -1.68 -1.66 -1.66 -1.69 -1.88 -1.88 -1.88 -1.90
Issuance of Debt		 -0.33 14 1.33 0.91 28 30 -3.90 5.85 0.83 2.23 27

Annual Balance Sheets for NACCO Industries

This table presents NACCO Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 655 668 390 377 307 476 314 568 540 632 661
Total Current Assets		 361 382 177 164 201 188 203 260 232 265 215
Cash & Equivalents		 52 69 102 85 123 88 86 111 85 73 50
Accounts Receivable		 111 21 15 21 15 24 26 45 45 55 50
Inventories, net		 165 29 30 31 40 48 54 71 77 95 64
Prepaid Expenses		 12 8.27 11 15 6.53 2.56 2.02 2.00 - 1.74 17
Other Current Assets		 21 2.02 20 12 6.41 8.31 20 16 25 40 35
Plant, Property, & Equipment, net		 133 115 120 125 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 161 171 92 88 106 288 111 308 308 367 446
Long-Term Investments		 25 31 16 20 25 29 19 15 15 33 48
Intangible Assets		 57 46 44 41 38 35 32 28 6.01 5.48 4.73
Noncurrent Deferred & Refundable Income Taxes		 42 11 5.96 - - - - 0.00 15 15 14
Other Noncurrent Operating Assets		 32 25 27 28 44 224 60 265 271 314 379
Total Liabilities & Shareholders' Equity		 655 668 390 377 445 476 507 568 540 632 661
Total Liabilities		 454 448 170 126 155 176 155 141 157 227 232
Total Current Liabilities		 192 222 54 42 62 52 46 44 70 65 70
Short-Term Debt		 9.87 1.74 16 4.65 7.80 22 2.53 3.65 14 4.18 9.08
Accounts Payable		 100 7.00 7.58 7.75 9.37 5.52 12 13 18 20 17
Accrued Expenses		 52 15 17 20 20 14 16 18 17 23 20
Other Current Liabilities		 30 17 13 10.00 12 9.25 11 8.37 21 18 24
Total Noncurrent Liabilities		 263 226 116 84 93 123 109 97 87 162 162
Long-Term Debt		 160 94 42 6.37 17 24 18 16 22 95 92
Noncurrent Employee Benefit Liabilities		 10 28 25 23 8.81 8.84 6.61 5.08 5.18 4.79 4.56
Other Noncurrent Operating Liabilities		 92 48 49 51 53 63 59 60 54 62 66
Total Equity & Noncontrolling Interests		 201 220 219 251 289 301 352 427 382 405 429
Total Preferred & Common Equity		 201 220 219 251 289 301 352 427 382 405 429
Total Common Equity		 201 220 219 251 289 301 352 427 382 405 429
Common Stock		 6.84 6.78 11 14 16 18 24 31 36 42 50
Retained Earnings		 218 239 216 250 285 294 337 405 356 373 381
Accumulated Other Comprehensive Income / (Loss)		 -23 -26 -8.34 -14 -11 -12 -8.18 -9.01 -9.65 -10 -1.74

Quarterly Balance Sheets for NACCO Industries

This table presents NACCO Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 581 538 560 597 634 631 638 686
Total Current Assets		 258 213 231 259 227 227 208 203
Cash & Equivalents		 128 62 62 63 62 49 53 53
Accounts Receivable		 35 36 43 45 38 48 35 40
Inventories, net		 69 76 83 94 63 59 60 59
Prepaid Expenses		 3.91 11 7.19 3.96 14 23 18 13
Other Current Assets		 16 27 35 53 50 48 42 38
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 323 325 329 338 407 404 430 482
Long-Term Investments		 11 14 15 17 36 35 38 49
Intangible Assets		 26 5.88 5.76 5.63 5.31 5.07 4.90 4.57
Noncurrent Deferred & Refundable Income Taxes		 - 15 15 17 17 18 21 14
Other Noncurrent Operating Assets		 286 290 293 299 349 345 366 415
Total Liabilities & Shareholders' Equity		 581 538 560 597 634 631 638 686
Total Liabilities		 152 156 176 200 225 218 211 249
Total Current Liabilities		 61 64 82 69 67 58 68 61
Short-Term Debt		 3.58 21 32 4.18 4.63 4.63 4.64 8.96
Accounts Payable		 26 13 16 17 16 15 21 21
Accrued Expenses		 13 9.07 13 19 12 14 18 9.79
Other Current Liabilities		 17 19 21 24 34 24 24 22
Total Noncurrent Liabilities		 92 92 94 131 159 160 143 187
Long-Term Debt		 19 28 29 66 91 91 76 117
Noncurrent Employee Benefit Liabilities		 4.05 5.06 4.90 4.71 4.74 4.61 4.48 4.45
Other Noncurrent Operating Liabilities		 56 53 54 55 63 65 63 65
Total Equity & Noncontrolling Interests		 428 382 384 397 409 413 426 437
Total Preferred & Common Equity		 428 382 384 397 409 413 426 437
Total Common Equity		 428 382 384 397 409 413 426 437
Common Stock		 33 37 38 39 43 46 47 51
Retained Earnings		 404 355 356 368 376 377 389 388
Accumulated Other Comprehensive Income / (Loss)		 -8.95 -9.58 -9.50 -9.42 -9.94 -9.84 -9.73 -1.69

Annual Metrics And Ratios for NACCO Industries

This table displays calculated financial ratios and metrics derived from NACCO Industries' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 6,833,046.00 6,776,508.00 6,846,198.00 6,942,654.00 6,994,320.00 7,045,575.00 7,173,792.00 7,342,283.00 7,505,462.00 - 7,459,955.00
DEI Adjusted Shares Outstanding		 11,074,336.00 10,982,705.00 6,846,198.00 6,942,654.00 6,994,320.00 7,045,575.00 7,173,792.00 7,342,283.00 7,505,462.00 - 7,459,955.00
DEI Earnings Per Adjusted Shares Outstanding		 1.99 2.70 4.43 5.01 5.67 2.10 6.71 10.10 -5.27 - 2.36
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -83.50% -24.94% -5.67% 29.20% 4.15% -8.91% 49.38% 26.00% -11.14% 10.67% 16.61%
EBITDA Growth		 134.02% -29.33% 353.27% 28.08% -1.94% -41.25% 148.12% 41.75% -132.97% 257.59% -30.25%
EBIT Growth		 93.76% 16.66% 970.30% 34.27% -6.34% -63.38% 303.28% 51.94% -177.00% 151.15% -54.44%
NOPAT Growth		 94.38% 55.49% 2,863.58% 12.14% -1.50% -60.64% 236.18% 26.13% -182.98% 172.93% -17.92%
Net Income Growth		 157.67% 34.68% 2.47% 14.66% 13.93% -62.67% 225.32% 54.09% -153.38% 185.23% -47.92%
EPS Growth		 0.00% 34.68% 2.08% 13.38% 13.20% -62.90% 218.57% 50.37% -152.58% 186.01% -48.35%
Operating Cash Flow Growth		 445.49% -13.02% -56.03% 32.24% -3.36% -104.71% 3,111.87% -9.54% -19.55% -59.10% 128.40%
Free Cash Flow Firm Growth		 273.72% 49.21% -91.05% 189.31% 315.19% -214.65% 208.06% -192.69% 75.35% 3.53% 90.51%
Invested Capital Growth		 -26.18% -51.99% 13.12% -2.06% -81.60% 698.24% -67.53% 330.45% -0.92% 25.26% 8.44%
Revenue Q/Q Growth		 -84.03% 213.91% 153.90% 10.28% -7.91% -2.87% 15.65% 6.35% -3.06% 6.10% -1.30%
EBITDA Q/Q Growth		 134.45% 232.84% 11.25% 56.94% 5.66% 14.85% 94.61% 35.37% -286.96% 275.66% 114.10%
EBIT Q/Q Growth		 93.57% 79.43% 16.82% 24.87% -21.08% -44.43% 49.68% 7.90% -496.73% 198.64% -15.86%
NOPAT Q/Q Growth		 94.07% 89.74% 66.17% 2.61% -13.63% -47.26% 40.64% 10.08% -479.04% 243.63% -12.44%
Net Income Q/Q Growth		 159.78% 25.62% -31.51% 2.48% -10.48% -44.41% 38.06% 8.74% -317.97% 289.66% -39.35%
EPS Q/Q Growth		 159.78% 25.62% -31.94% 2.25% -10.58% -44.44% 37.94% 8.17% -319.50% 296.12% -39.28%
Operating Cash Flow Q/Q Growth		 39.55% -0.44% -44.85% 2.99% -16.26% -130.02% 19.71% 9.23% -28.14% 295.36% -21.28%
Free Cash Flow Firm Q/Q Growth		 129.01% 228.09% -91.73% 57.01% 279.91% -585.02% 1,898.13% -2,879.61% -462.41% 56.08% -183.10%
Invested Capital Q/Q Growth		 -15.26% -51.22% 10.43% 1.12% -81.17% 11.21% -70.31% 3.16% 2.14% 2.72% 3.77%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -7.59% 10.88% 16.15% 22.14% 22.08% 13.21% 22.65% 28.07% 6.79% 12.52% 13.88%
EBITDA Margin		 9.39% 8.84% 42.50% 42.13% 39.67% 25.59% 42.50% 47.81% -17.74% 25.26% 15.11%
Operating Margin		 -2.52% -1.49% 31.32% 32.22% 27.53% 10.47% 28.88% 28.95% -32.65% 15.02% 7.93%
EBIT Margin		 -2.92% -3.24% 29.87% 31.04% 27.91% 11.22% 30.30% 36.53% -31.66% 14.63% 5.72%
Profit (Net Income) Margin		 14.85% 26.65% 28.95% 25.70% 28.11% 11.52% 25.09% 30.68% -18.43% 14.19% 6.34%
Tax Burden Percent		 -303.77% -442.36% 104.24% 82.50% 91.32% 103.75% 84.65% 84.54% 61.70% 100.28% 133.70%
Interest Burden Percent		 167.72% 186.12% 92.99% 100.34% 110.28% 98.93% 97.81% 99.34% 94.35% 96.73% 82.95%
Effective Tax Rate		 0.00% 0.00% 2.20% 17.50% 8.68% -3.75% 15.35% 15.46% 0.00% -0.28% -33.70%
Return on Invested Capital (ROIC)		 -0.75% -0.53% 21.34% 22.78% 38.29% 10.80% 30.84% 29.92% -15.37% 10.00% 7.08%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.84% 449.07% 23.87% 24.34% 35.94% 10.29% 30.14% 22.10% -26.53% 15.82% 614.71%
Return on Net Nonoperating Assets (RNNOA)		 11.41% 14.58% -7.54% -7.98% -23.62% -5.78% -16.09% -10.88% 5.58% -1.43% -2.87%
Return on Equity (ROE)		 10.66% 14.05% 13.80% 14.80% 14.68% 5.01% 14.75% 19.04% -9.78% 8.57% 4.21%
Cash Return on Invested Capital (CROIC)		 29.37% 69.72% 9.03% 24.85% 176.14% -144.67% 132.80% -94.68% -14.45% -12.43% -1.02%
Operating Return on Assets (OROA)		 -0.61% -0.54% 5.92% 10.96% 11.51% 3.68% 14.71% 20.02% -12.28% 5.94% 2.45%
Return on Assets (ROA)		 3.08% 4.47% 5.74% 9.08% 11.59% 3.78% 12.18% 16.81% -7.15% 5.76% 2.72%
Return on Common Equity (ROCE)		 10.66% 14.05% 13.80% 14.80% 14.68% 5.01% 14.75% 19.04% -9.78% 8.57% 4.21%
Return on Equity Simple (ROE_SIMPLE)		 10.93% 13.44% 13.82% 13.87% 13.69% 4.92% 13.67% 17.37% -10.35% 8.33% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.61 -1.16 32 36 35 14 47 59 -49 36 29
NOPAT Margin		 -1.76% -1.05% 30.63% 26.59% 25.14% 10.86% 24.45% 24.48% -22.86% 15.06% 10.60%
Net Nonoperating Expense Percent (NNEP)		 -17.59% -449.60% -2.53% -1.56% 2.36% 0.51% 0.70% 7.82% 11.17% -5.82% -607.63%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -11.74% 7.10% 5.54%
Cost of Revenue to Revenue		 107.59% 89.12% 83.85% 77.86% 77.92% 86.79% 77.35% 71.93% 93.21% 87.48% 86.12%
SG&A Expenses to Revenue		 27.10% 43.99% 45.33% 36.34% 38.15% 41.32% 29.05% 26.44% 30.55% 29.34% 28.09%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 -5.07% 12.37% -15.17% -10.09% -5.46% 2.74% -6.23% -0.89% 39.34% -2.50% 5.95%
Earnings before Interest and Taxes (EBIT)		 -4.32 -3.60 31 42 39 14 58 88 -68 35 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 9.83 45 57 56 33 82 116 -38 60 42
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.20 2.36 1.01 0.82 1.01 0.56 0.70 0.63 0.69 0.53 0.85
Price to Tangible Book Value (P/TBV)		 1.74 2.98 1.26 0.98 1.16 0.64 0.77 0.67 0.70 0.54 0.86
Price to Revenue (P/Rev)		 1.63 4.69 2.12 1.53 2.07 1.32 1.28 1.11 1.23 0.91 1.31
Price to Earnings (P/E)		 10.94 17.58 7.32 5.94 7.37 11.48 5.11 3.62 0.00 6.40 20.73
Dividend Yield		 2.97% 1.39% 2.05% 2.22% 1.76% 3.18% 2.29% 2.24% 2.44% 3.04% 2.02%
Earnings Yield		 9.14% 5.69% 13.66% 16.85% 13.57% 8.71% 19.58% 27.63% 0.00% 15.62% 4.83%
Enterprise Value to Invested Capital (EV/IC)		 1.13 3.66 1.02 0.72 5.89 0.43 2.16 0.51 0.63 0.53 0.85
Enterprise Value to Revenue (EV/Rev)		 2.25 4.65 1.55 0.83 1.20 0.77 0.84 0.67 0.93 0.88 1.32
Enterprise Value to EBITDA (EV/EBITDA)		 23.98 52.54 3.65 1.97 3.03 3.01 1.98 1.41 0.00 3.49 8.76
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 5.19 2.67 4.31 6.86 2.78 1.84 0.00 6.02 23.16
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 5.06 3.12 4.78 7.08 3.44 2.75 0.00 5.85 12.49
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.09 5.50 3.93 2.05 3.21 0.00 2.16 2.40 3.67 9.40 7.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.28 3.40 11.96 2.86 1.04 0.00 0.80 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.85 0.44 0.27 0.04 0.09 0.15 0.06 0.05 0.09 0.25 0.24
Long-Term Debt to Equity		 0.80 0.43 0.19 0.03 0.06 0.08 0.05 0.04 0.06 0.24 0.21
Financial Leverage		 0.68 0.03 -0.32 -0.33 -0.66 -0.56 -0.53 -0.49 -0.21 -0.09 0.00
Leverage Ratio		 3.46 3.14 2.41 1.63 1.27 1.33 1.21 1.13 1.37 1.49 1.55
Compound Leverage Factor		 5.80 5.84 2.24 1.64 1.40 1.31 1.18 1.12 1.29 1.44 1.29
Debt to Total Capital		 45.80% 30.36% 20.95% 4.21% 7.94% 13.39% 5.55% 4.40% 8.60% 19.73% 19.03%
Short-Term Debt to Total Capital		 2.66% 0.55% 5.81% 1.78% 2.48% 6.37% 0.68% 0.82% 3.34% 0.83% 1.71%
Long-Term Debt to Total Capital		 43.14% 29.81% 15.14% 2.43% 5.46% 7.02% 4.88% 3.59% 5.26% 18.90% 17.32%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 54.20% 69.64% 79.05% 95.79% 92.06% 86.61% 94.45% 95.60% 91.40% 80.27% 80.97%
Debt to EBITDA		 12.23 9.78 1.31 0.19 0.45 1.41 0.25 0.17 -0.94 1.66 2.41
Net Debt to EBITDA		 6.68 -0.44 -1.34 -1.65 -2.19 -2.16 -1.04 -0.92 1.69 -0.11 0.06
Long-Term Debt to EBITDA		 11.52 9.60 0.94 0.11 0.31 0.74 0.22 0.14 -0.58 1.59 2.19
Debt to NOPAT		 -65.15 -82.70 1.81 0.31 0.70 3.33 0.44 0.33 -0.73 2.78 3.43
Net Debt to NOPAT		 -35.59 3.72 -1.86 -2.62 -3.46 -5.09 -1.80 -1.79 1.31 -0.18 0.09
Long-Term Debt to NOPAT		 -61.37 -81.20 1.31 0.18 0.48 1.75 0.39 0.27 -0.45 2.66 3.12
Altman Z-Score		 1.30 1.64 2.47 3.03 3.85 2.16 4.27 3.53 2.27 2.34 2.51
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.89 1.72 3.28 3.89 3.24 3.60 4.41 5.88 3.31 4.08 3.09
Quick Ratio		 0.85 0.41 2.15 2.51 2.23 2.15 2.43 3.51 1.86 1.98 1.43
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 102 152 14 39 163 -187 202 -187 -46 -45 -4.22
Operating Cash Flow to CapEx		 10,651.08% 4,305.00% 351.59% 280.46% 262.71% -5.68% 193.99% 131.24% 66.81% 40.82% 100.84%
Free Cash Flow to Firm to Interest Expense		 20.49 35.13 3.95 34.66 186.99 -138.06 117.51 -92.05 -18.76 -8.00 -0.73
Operating Cash Flow to Interest Expense		 21.77 21.75 12.01 48.21 60.53 -1.84 43.56 33.30 22.15 4.00 8.85
Operating Cash Flow Less CapEx to Interest Expense		 21.56 21.25 8.59 31.02 37.49 -34.18 21.10 7.93 -11.00 -5.80 0.07
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.21 0.17 0.20 0.35 0.41 0.33 0.49 0.55 0.39 0.41 0.43
Accounts Receivable Turnover		 1.26 1.69 5.92 7.64 7.78 6.57 7.78 6.88 4.78 4.72 5.26
Inventory Turnover		 0.90 1.02 2.98 3.44 3.07 2.53 2.92 2.77 2.70 2.42 3.02
Fixed Asset Turnover		 1.01 0.90 0.89 1.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 1.36 1.85 12.06 13.76 12.83 14.97 16.74 13.63 12.95 11.19 13.16
Days Sales Outstanding (DSO)		 289.15 216.56 61.67 47.76 46.94 55.56 46.92 53.04 76.36 77.38 69.34
Days Inventory Outstanding (DIO)		 407.34 357.52 122.43 106.00 119.06 144.11 125.00 131.80 135.36 150.60 120.98
Days Payable Outstanding (DPO)		 268.16 197.79 30.26 26.53 28.44 24.39 21.81 26.79 28.19 32.61 27.74
Cash Conversion Cycle (CCC)		 428.33 376.29 153.84 127.24 137.56 175.28 150.11 158.05 183.53 195.38 162.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 294 141 160 156 29 230 75 321 318 398 432
Invested Capital Turnover		 0.43 0.51 0.70 0.86 1.52 0.99 1.26 1.22 0.67 0.66 0.67
Increase / (Decrease) in Invested Capital		 -104 -153 19 -3.28 -128 201 -155 246 -2.94 80 34
Enterprise Value (EV)		 333 516 162 112 169 99 161 162 200 209 367
Market Capitalization		 241 521 222 206 292 170 246 268 264 216 364
Book Value per Share		 $29.44 $32.51 $32.05 $36.11 $41.38 $42.67 $49.08 $58.15 $50.94 $55.50 $57.54
Tangible Book Value per Share		 $20.20 $25.77 $25.69 $30.27 $35.96 $37.65 $44.65 $54.33 $50.14 $54.74 $56.91
Total Capital		 371 316 278 262 314 347 373 447 418 504 530
Total Debt		 170 96 58 11 25 46 21 20 36 100 101
Total Long-Term Debt		 160 94 42 6.37 17 24 18 16 22 95 92
Net Debt		 93 -4.32 -60 -94 -123 -71 -84 -106 -64 -6.60 2.71
Capital Expenditures (CapEx)		 1.01 2.18 12 19 20 44 39 52 82 55 50
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 127 92 38 41 24 70 74 109 91 131 105
Debt-free Net Working Capital (DFNWC)		 180 162 139 127 146 158 160 220 176 204 154
Net Working Capital (NWC)		 170 160 123 122 139 136 157 216 162 200 145
Net Nonoperating Expense (NNE)		 -25 -31 1.76 1.21 -4.18 -0.84 -1.22 -15 -9.51 2.06 12
Net Nonoperating Obligations (NNO)		 93 -79 -60 -94 -261 -71 -278 -106 -64 -6.60 2.71
Total Depreciation and Amortization (D&A)		 18 13 13 15 17 18 23 27 30 25 26
Debt-free, Cash-free Net Working Capital to Revenue		 85.85% 83.13% 35.83% 30.52% 16.74% 54.15% 38.34% 45.11% 42.30% 55.19% 37.75%
Debt-free Net Working Capital to Revenue		 121.32% 145.52% 132.79% 93.50% 103.91% 123.02% 83.17% 90.93% 81.92% 85.83% 55.68%
Net Working Capital to Revenue		 114.66% 143.95% 117.40% 90.07% 98.38% 105.81% 81.86% 89.42% 75.43% 84.07% 52.41%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $4.44 $5.02 $5.68 $2.11 $6.73 $10.14 ($5.29) $4.58 $2.37
Adjusted Weighted Average Basic Shares Outstanding		 11.35M 11.05M 6.83M 6.92M 6.97M 7.03M 7.15M 7.31M 7.48M 7.36M 7.42M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $4.41 $5.00 $5.66 $2.10 $6.69 $10.06 ($5.29) $4.55 $2.35
Adjusted Weighted Average Diluted Shares Outstanding		 11.38M 11.11M 6.87M 6.96M 7.01M 7.06M 7.19M 7.37M 7.48M 7.41M 7.48M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.14M 11.07M 6.93M 7.00M 6.97M 7.06M 7.18M 7.50M 7.50M 7.43M 7.53M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.86 11 28 35 35 15 38 49 -2.98 12 15
Normalized NOPAT Margin		 -2.61% 10.05% 26.76% 26.04% 25.01% 11.74% 19.86% 20.10% -1.39% 4.99% 5.48%
Pre Tax Income Margin		 -4.89% -6.03% 27.77% 31.15% 30.78% 11.10% 29.63% 36.29% -29.87% 14.15% 4.74%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.87 -0.83 9.10 37.09 45.13 10.64 33.81 43.42 -27.64 6.25 2.75
NOPAT to Interest Expense		 -0.53 -0.27 9.33 31.77 40.65 10.30 27.29 29.09 -19.96 6.43 5.11
EBIT Less CapEx to Interest Expense		 -1.07 -1.34 5.68 19.90 22.09 -21.70 11.36 18.04 -60.80 -3.56 -6.02
NOPAT Less CapEx to Interest Expense		 -0.73 -0.77 5.91 14.58 17.61 -22.04 4.83 3.71 -53.11 -3.38 -3.67
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 33.19% 24.53% 22.03% 13.16% 12.95% 36.33% 11.67% 8.11% -16.30% 19.63% 41.74%
Augmented Payout Ratio		 142.40% 44.94% 22.03% 16.88% 20.54% 43.11% 11.67% 8.11% -24.14% 49.10% 56.16%

Quarterly Metrics And Ratios for NACCO Industries

This table displays calculated financial ratios and metrics derived from NACCO Industries' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 7,520,467.00 7,505,462.00 7,495,629.00 7,450,425.00 7,353,206.00 - 7,432,296.00 7,442,130.00 7,451,653.00 7,459,955.00 7,534,588.00
DEI Adjusted Shares Outstanding		 7,520,467.00 7,505,462.00 7,495,629.00 7,450,425.00 7,353,206.00 - 7,432,296.00 7,442,130.00 7,451,653.00 7,459,955.00 7,534,588.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.51 -5.86 0.61 0.80 2.13 - 0.66 0.44 1.78 -0.51 1.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -24.67% -10.67% 6.28% -14.68% 32.46% 24.07% 23.05% 30.36% 24.26% -5.17% -4.26%
EBITDA Growth		 -160.58% -446.78% 26.71% 117.52% 412.79% 105.21% 9.06% -48.42% -66.76% -86.03% 78.14%
EBIT Growth		 -172.92% -468.73% 47.87% 207.38% 381.77% 104.92% 8.62% -51.27% -67.40% -90.70% 80.42%
NOPAT Growth		 -148.33% -457.60% 65.02% 421.65% 466.96% 122.93% 88.21% -101.18% -6.34% -4,169.92% 34.91%
Net Income Growth		 -136.10% -419.02% -19.71% 136.98% 508.01% 117.20% 7.22% -45.41% -15.23% -150.77% 80.33%
EPS Growth		 -135.17% -423.08% -19.74% 138.24% 519.61% 116.84% 8.20% -45.68% -16.82% -153.54% 77.27%
Operating Cash Flow Growth		 175.01% -166.61% -256.03% -76.16% -92.91% 395.05% 151.48% -291.53% 1,398.94% -54.68% 146.35%
Free Cash Flow Firm Growth		 90.96% 81.02% 34.98% 15.68% -1,210.53% -57.03% -87.66% -83.04% 77.79% -582.32% 0.49%
Invested Capital Growth		 0.07% -0.92% 8.34% 11.61% 24.55% 25.26% 14.46% 15.50% 7.34% 8.44% 13.21%
Revenue Q/Q Growth		 -24.13% 21.94% -6.11% -1.77% 17.79% 14.21% -6.88% 4.06% 12.28% -12.84% -5.99%
EBITDA Q/Q Growth		 -305.62% -959.54% 108.58% 16.44% 195.68% -82.37% 79.65% -44.93% 90.54% -92.59% 2,190.66%
EBIT Q/Q Growth		 -426.10% -871.09% 108.30% 16.99% 198.94% -83.06% 83.35% -47.51% 100.00% -95.17% 3,458.82%
NOPAT Q/Q Growth		 -423.99% -976.02% 108.26% 81.07% 127.92% -32.75% -32.18% -101.14% 18,184.00% -3,022.12% 102.25%
Net Income Q/Q Growth		 -252.06% -1,047.36% 110.39% 30.68% 161.81% -51.62% -35.22% -33.47% 306.56% -128.97% 330.10%
EPS Q/Q Growth		 -250.00% -1,052.94% 110.37% 32.79% 164.20% -53.74% -33.33% -33.33% 304.55% -129.78% 320.75%
Operating Cash Flow Q/Q Growth		 133.27% -121.47% -14.40% 141.61% -30.57% 792.80% -80.04% -254.81% 643.40% -73.00% 8.48%
Free Cash Flow Firm Q/Q Growth		 87.53% -861.17% 46.89% -32.48% -93.77% -15.17% 36.52% -29.22% 76.49% -3,437.78% 90.74%
Invested Capital Q/Q Growth		 -5.38% 2.14% 11.91% 3.19% 5.59% 2.72% 2.26% 4.13% -1.86% 3.77% 6.76%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -4.67% 12.34% 13.17% 13.41% 11.75% 12.04% 14.72% 9.99% 13.01% 18.01% 22.77%
EBITDA Margin		 -13.44% -116.77% 10.66% 12.64% 31.73% 4.90% 9.45% 5.00% 8.49% 0.72% 17.59%
Operating Margin		 -13.46% -118.81% 8.93% 14.07% 31.95% 5.51% 11.72% -0.07% 8.85% 11.34% 17.55%
EBIT Margin		 -14.82% -118.00% 10.43% 12.42% 31.52% 4.67% 9.21% 4.64% 8.27% 0.46% 17.35%
Profit (Net Income) Margin		 -8.23% -77.47% 8.58% 11.41% 25.36% 10.74% 7.47% 4.78% 17.30% -5.75% 14.08%
Tax Burden Percent		 65.50% 66.68% 82.00% 95.89% 81.72% 278.81% 95.57% 163.49% 222.49% -5,818.18% 89.92%
Interest Burden Percent		 84.82% 98.44% 100.29% 95.80% 98.45% 82.41% 84.94% 62.94% 94.02% 21.57% 90.24%
Effective Tax Rate		 0.00% 0.00% 18.00% 4.11% 18.28% -178.81% 4.43% -63.49% -122.49% 5,918.18% 10.08%
Return on Invested Capital (ROIC)		 -6.71% -55.91% 4.66% 8.10% 16.73% 10.20% 7.33% -0.08% 13.75% -440.56% 9.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 -7.21% -59.72% 3.62% 9.90% 17.47% 19.40% 25.10% -115.79% 32.33% -22,902.42% 0.37%
Return on Net Nonoperating Assets (RNNOA)		 1.89% 12.57% -0.57% -1.47% -2.68% -1.75% -0.87% 0.84% -0.77% 106.77% 0.01%
Return on Equity (ROE)		 -4.82% -43.35% 4.09% 6.63% 14.06% 8.46% 6.46% 0.76% 12.98% -333.79% 9.98%
Cash Return on Invested Capital (CROIC)		 4.09% -14.45% -21.76% -23.36% -29.00% -12.43% -3.10% -5.85% 1.26% -1.02% -5.36%
Operating Return on Assets (OROA)		 -5.75% -45.76% 4.13% 4.59% 11.99% 1.90% 3.93% 2.07% 3.76% 0.20% 7.21%
Return on Assets (ROA)		 -3.20% -30.04% 3.40% 4.21% 9.64% 4.36% 3.19% 2.13% 7.87% -2.47% 5.85%
Return on Common Equity (ROCE)		 -4.82% -43.35% 4.09% 6.63% 14.06% 8.46% 6.46% 0.76% 12.98% -333.79% 9.98%
Return on Equity Simple (ROE_SIMPLE)		 4.24% 0.00% -10.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.39 -47 3.90 7.06 16 11 7.34 -0.08 15 -441 9.91
NOPAT Margin		 -9.42% -83.17% 7.32% 13.49% 26.11% 15.37% 11.20% -0.12% 19.68% -659.81% 15.78%
Net Nonoperating Expense Percent (NNEP)		 0.50% 3.80% 1.04% -1.80% -0.73% -9.20% -17.77% 115.71% -18.59% 22,461.86% 9.60%
Return On Investment Capital (ROIC_SIMPLE)		 - -11.28% 0.90% 1.59% 3.44% 2.15% 1.45% -0.02% 2.98% -83.11% 1.76%
Cost of Revenue to Revenue		 104.67% 87.67% 86.83% 86.59% 88.25% 87.96% 85.28% 90.01% 86.99% 81.99% 77.23%
SG&A Expenses to Revenue		 34.63% 35.02% 29.00% 33.85% 26.74% 28.54% 27.25% 28.98% 25.52% 30.94% 31.38%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 8.79% 130.76% 4.24% -0.66% -20.20% 6.52% 3.01% 10.07% 4.17% 6.67% 5.22%
Earnings before Interest and Taxes (EBIT)		 -6.90 -67 5.56 6.50 19 3.29 6.04 3.17 6.34 0.31 11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -6.26 -66 5.68 6.62 20 3.45 6.20 3.41 6.50 0.48 11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.60 0.69 0.58 0.52 0.51 0.53 0.60 0.80 0.74 0.85 0.90
Price to Tangible Book Value (P/TBV)		 0.64 0.70 0.59 0.53 0.52 0.54 0.61 0.81 0.75 0.86 0.91
Price to Revenue (P/Rev)		 1.16 1.23 1.01 0.96 0.91 0.91 0.98 1.24 1.12 1.31 1.43
Price to Earnings (P/E)		 14.12 0.00 0.00 0.00 0.00 6.40 7.19 10.52 10.84 20.73 18.20
Dividend Yield		 2.49% 2.44% 2.97% 3.27% 3.23% 3.04% 2.76% 2.11% 2.28% 2.02% 1.94%
Earnings Yield		 7.08% 0.00% 0.00% 0.00% 0.00% 15.62% 13.91% 9.51% 9.22% 4.83% 5.49%
Enterprise Value to Invested Capital (EV/IC)		 0.45 0.63 0.55 0.50 0.50 0.53 0.60 0.80 0.73 0.85 0.90
Enterprise Value to Revenue (EV/Rev)		 0.63 0.93 0.89 0.88 0.86 0.88 0.97 1.28 1.08 1.32 1.51
Enterprise Value to EBITDA (EV/EBITDA)		 6.84 0.00 0.00 0.00 0.00 3.49 6.79 10.45 15.54 8.76 19.39
Enterprise Value to EBIT (EV/EBIT)		 8.13 0.00 0.00 0.00 0.00 6.02 6.90 10.67 16.14 23.16 20.08
Enterprise Value to NOPAT (EV/NOPAT)		 10.76 0.00 0.00 0.00 0.00 5.85 6.13 10.09 9.06 12.49 13.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.84 3.67 5.04 7.19 0.00 9.40 6.56 13.51 4.70 7.21 7.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 59.82 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.09 0.13 0.16 0.18 0.25 0.23 0.23 0.19 0.24 0.29
Long-Term Debt to Equity		 0.04 0.06 0.07 0.08 0.17 0.24 0.22 0.22 0.18 0.21 0.27
Financial Leverage		 -0.26 -0.21 -0.16 -0.15 -0.15 -0.09 -0.03 -0.01 -0.02 0.00 0.03
Leverage Ratio		 1.35 1.37 1.35 1.38 1.43 1.49 1.48 1.49 1.50 1.55 1.56
Compound Leverage Factor		 1.15 1.35 1.36 1.33 1.40 1.23 1.26 0.94 1.41 0.33 1.41
Debt to Total Capital		 5.00% 8.60% 11.56% 13.68% 15.02% 19.73% 18.98% 18.78% 15.82% 19.03% 22.43%
Short-Term Debt to Total Capital		 0.79% 3.34% 4.98% 7.16% 0.89% 0.83% 0.92% 0.91% 0.92% 1.71% 1.59%
Long-Term Debt to Total Capital		 4.20% 5.26% 6.58% 6.52% 14.13% 18.90% 18.06% 17.87% 14.91% 17.32% 20.84%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 95.00% 91.40% 88.44% 86.32% 84.98% 80.27% 81.02% 81.22% 84.18% 80.97% 77.57%
Debt to EBITDA		 1.11 -0.94 -0.78 -1.01 -2.04 1.66 2.67 2.93 4.10 2.41 5.90
Net Debt to EBITDA		 -5.74 1.69 0.40 0.28 0.28 -0.11 -0.05 0.34 -0.52 0.06 1.12
Long-Term Debt to EBITDA		 0.93 -0.58 -0.44 -0.48 -1.92 1.59 2.55 2.79 3.86 2.19 5.48
Debt to NOPAT		 1.74 -0.73 -1.06 -1.41 -2.82 2.78 2.42 2.83 2.39 3.43 4.14
Net Debt to NOPAT		 -9.04 1.31 0.55 0.39 0.38 -0.18 -0.04 0.33 -0.30 0.09 0.79
Long-Term Debt to NOPAT		 1.46 -0.45 -0.60 -0.67 -2.65 2.66 2.30 2.69 2.25 3.12 3.85
Altman Z-Score		 2.73 2.28 2.54 2.30 2.33 2.17 2.21 2.50 2.48 2.43 2.44
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.24 3.31 3.33 2.82 3.76 4.08 3.42 3.91 3.06 3.09 3.30
Quick Ratio		 2.68 1.86 1.54 1.29 1.57 1.98 1.51 1.67 1.29 1.43 1.51
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4.60 -44 -24 -31 -60 -70 -44 -57 -13 -474 -44
Operating Cash Flow to CapEx		 167.41% -19.39% -67.43% 51.80% 35.37% 103.50% 57.50% -251.33% 191.03% 68.98% 37.02%
Free Cash Flow to Firm to Interest Expense		 -7.29 -62.25 -21.16 -23.76 -43.54 -39.53 -24.87 -29.32 -12.33 -499.71 -26.48
Operating Cash Flow to Interest Expense		 62.87 -12.00 -8.78 3.10 2.03 14.32 2.83 -4.00 38.87 12.02 7.46
Operating Cash Flow Less CapEx to Interest Expense		 25.31 -73.87 -21.81 -2.88 -3.72 0.48 -2.09 -5.59 18.52 -5.41 -12.70
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.39 0.39 0.40 0.37 0.38 0.41 0.43 0.45 0.45 0.43 0.42
Accounts Receivable Turnover		 7.60 4.78 6.47 4.24 5.63 4.72 6.69 5.84 7.01 5.26 7.03
Inventory Turnover		 2.98 2.70 2.72 2.56 2.39 2.42 3.13 3.29 3.19 3.02 3.79
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 10.50 12.95 16.87 13.26 9.09 11.19 14.78 15.29 12.75 13.16 12.54
Days Sales Outstanding (DSO)		 48.06 76.36 56.40 86.17 64.88 77.38 54.53 62.47 52.05 69.34 51.92
Days Inventory Outstanding (DIO)		 122.33 135.36 134.35 142.69 152.56 150.60 116.50 110.87 114.53 120.98 96.22
Days Payable Outstanding (DPO)		 34.76 28.19 21.64 27.53 40.15 32.61 24.70 23.87 28.63 27.74 29.12
Cash Conversion Cycle (CCC)		 135.63 183.53 169.11 201.32 177.29 195.38 146.32 149.47 137.94 162.59 119.02
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 311 318 356 367 388 398 407 424 416 432 461
Invested Capital Turnover		 0.71 0.67 0.64 0.60 0.64 0.66 0.66 0.67 0.70 0.67 0.63
Increase / (Decrease) in Invested Capital		 0.22 -2.94 27 38 76 80 51 57 28 34 54
Enterprise Value (EV)		 139 200 194 183 193 209 243 341 304 367 416
Market Capitalization		 256 264 220 200 203 216 245 330 314 364 392
Book Value per Share		 $56.97 $50.94 $50.91 $51.55 $54.03 $55.50 $55.05 $55.51 $57.22 $57.54 $58.01
Tangible Book Value per Share		 $53.55 $50.14 $50.13 $50.78 $53.27 $54.74 $54.33 $54.83 $56.56 $56.91 $57.41
Total Capital		 451 418 431 445 468 504 505 509 507 530 564
Total Debt		 23 36 50 61 70 100 96 96 80 101 126
Total Long-Term Debt		 19 22 28 29 66 95 91 91 76 92 117
Net Debt		 -117 -64 -26 -17 -9.51 -6.60 -1.77 11 -10 2.71 24
Capital Expenditures (CapEx)		 24 44 14 7.84 7.97 24 8.74 3.09 22 17 33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 73 91 109 119 131 131 104 124 92 105 97
Debt-free Net Working Capital (DFNWC)		 201 176 170 181 194 204 166 174 144 154 151
Net Working Capital (NWC)		 197 162 149 149 190 200 161 169 140 145 142
Net Nonoperating Expense (NNE)		 -0.55 -3.24 -0.67 1.09 0.46 3.26 2.44 -3.34 1.82 -437 1.07
Net Nonoperating Obligations (NNO)		 -117 -64 -26 -17 -9.51 -6.60 -1.77 11 -10 2.71 24
Total Depreciation and Amortization (D&A)		 0.64 0.70 0.13 0.12 0.13 0.16 0.16 0.25 0.17 0.18 0.15
Debt-free, Cash-free Net Working Capital to Revenue		 32.81% 42.30% 49.81% 56.82% 58.57% 55.19% 41.48% 46.77% 32.69% 37.75% 35.52%
Debt-free Net Working Capital to Revenue		 90.65% 81.92% 78.19% 86.67% 86.71% 85.83% 66.23% 65.35% 51.44% 55.68% 54.90%
Net Working Capital to Revenue		 89.04% 75.43% 68.32% 71.41% 84.85% 84.07% 64.38% 63.61% 49.79% 52.41% 51.63%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.51) ($5.89) $0.61 $0.81 $2.14 $1.02 $0.67 $0.44 $1.78 ($0.52) $1.18
Adjusted Weighted Average Basic Shares Outstanding		 7.52M 7.48M 7.45M 7.39M 7.31M 7.36M 7.36M 7.45M 7.45M 7.42M 7.48M
Adjusted Diluted Earnings per Share		 ($0.51) ($5.88) $0.61 $0.81 $2.14 $0.99 $0.66 $0.44 $1.78 ($0.53) $1.17
Adjusted Weighted Average Diluted Shares Outstanding		 7.52M 7.48M 7.52M 7.39M 7.31M 7.41M 7.45M 7.45M 7.45M 7.48M 7.55M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.51M 7.50M 7.45M 7.35M 7.30M 7.43M 7.44M 7.45M 7.46M 7.53M 7.54M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.33 -47 3.89 2.66 4.72 2.55 7.27 -0.04 4.72 5.18 9.90
Normalized NOPAT Margin		 -9.29% -83.07% 7.30% 5.08% 7.66% 3.62% 11.09% -0.06% 6.17% 7.75% 15.77%
Pre Tax Income Margin		 -12.57% -116.17% 10.46% 11.90% 31.03% 3.85% 7.82% 2.92% 7.78% 0.10% 15.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -10.91 -94.20 5.00 4.96 14.02 1.87 3.40 1.63 5.83 0.32 6.57
NOPAT to Interest Expense		 -6.94 -66.39 3.51 5.39 11.62 6.16 4.14 -0.04 13.87 -464.29 5.97
EBIT Less CapEx to Interest Expense		 -48.47 -156.07 -8.02 -1.02 8.27 -11.96 -1.52 0.04 -14.52 -17.10 -13.59
NOPAT Less CapEx to Interest Expense		 -44.50 -128.26 -9.52 -0.59 5.86 -7.67 -0.79 -1.63 -6.48 -481.72 -14.19
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 34.96% -16.30% -16.03% -17.63% -37.04% 19.63% 19.62% 21.97% 24.54% 41.74% 35.09%
Augmented Payout Ratio		 39.50% -24.14% -34.15% -46.25% -103.68% 49.10% 38.30% 31.79% 28.21% 56.16% 43.64%

Financials Breakdown Chart

Key Financial Trends

NACCO Industries (NYSE: NC) shows a sharp rebound in profitability in early 2026, but the longer trend still looks uneven. After a weak Q4 2025 and a very strong Q3 2025, Q1 2026 came in solidly profitable again, with revenue of $62.8 million and net income of $8.8 million. However, the company is still carrying a meaningful debt load and has had some volatility in earnings and operating cash flow over the last several quarters.

What stands out most is that NACCO’s operating results can swing widely from quarter to quarter. Revenue in Q1 2026 improved from Q4 2025, but it was still below Q3 2025. Gross margin also improved from the prior quarter, and operating income recovered nicely. That said, the company’s bottom line remains sensitive to “other income/expense” and tax items, which have caused big swings in reported earnings in recent periods.

  • Q1 2026 revenue rose to $62.8 million, up from $53.3 million in Q1 2025 and above Q4 2025 levels.
  • Net income rebounded to $8.8 million in Q1 2026 after a loss of $3.8 million in Q4 2025.
  • Operating income improved to $11.0 million in Q1 2026, compared with $7.6 million in Q4 2025.
  • Cash and equivalents increased to $53.2 million at March 31, 2026, providing decent near-term liquidity.
  • Book equity remained strong at $437.1 million, which is well above total liabilities.
  • Long-term investments of $49.2 million and other noncurrent operating assets suggest NACCO still has a sizable asset base.
  • Operating cash flow was positive at $12.4 million in Q1 2026, but that was below the $50.9 million level in Q4 2025.
  • Capital spending was heavy at $33.4 million in Q1 2026, which pressured free cash flow for the quarter.
  • The company continued paying a quarterly dividend of $0.2525 per share.
  • Total debt rose to $126.4 million in Q1 2026 from $80.5 million in Q1 2025, driven by higher long-term debt and short-term borrowing.
  • Operating cash flow weakened sharply versus the prior quarter, and investing cash outflows remained large.
  • Q4 2025 and several 2024 quarters show that earnings can be very volatile, including a loss in Q4 2025 and a major loss in Q4 2023.
  • Other income/expense items and tax effects have had an outsized impact on results, making earnings quality less predictable.

Balance sheet trend: NACCO’s balance sheet improved in equity terms, but leverage is a key watch item. Total assets were $685.7 million in Q1 2026 versus $634.2 million in Q1 2025, while total liabilities increased to $248.5 million from $225.1 million. Equity also rose to $437.1 million. The company still appears financially stable from a solvency standpoint, but the jump in debt means investors should keep an eye on refinancing needs and interest expense.

Cash flow trend: Operations generated cash in Q1 2026, which is encouraging, but the quarter also included heavy investment spending and net cash outflow of $8.9 million. Over the last year, cash generation has been uneven: strong in some quarters, weak in others, and occasionally offset by large capital expenditures. That makes NACCO more of a cyclical, cash-flow-variable story than a smooth compounding one.

Bottom line: NACCO Industries enters 2026 with a healthier quarter, a solid equity base, and enough liquidity, but investors should not ignore the company’s earnings volatility and rising debt. The stock may appeal to income-oriented investors, but the sustainability of cash flow and leverage discipline will likely matter most from here.

07/20/26 09:17 PM ETAI Generated. May Contain Errors.

NACCO Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NACCO Industries' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

NACCO Industries' net income appears to be on a downward trend, with a most recent value of $17.57 million in 2025, falling from $21.98 million in 2015. The previous period was $33.74 million in 2024. View NACCO Industries' forecast to see where analysts expect NACCO Industries to go next.

NACCO Industries' total operating income in 2025 was $21.98 million, based on the following breakdown:
  • Total Gross Profit: $38.47 million
  • Total Operating Expenses: $16.49 million

Over the last 10 years, NACCO Industries' total revenue changed from $148.00 million in 2015 to $277.20 million in 2025, a change of 87.3%.

NACCO Industries' total liabilities were at $231.99 million at the end of 2025, a 2.3% increase from 2024, and a 48.9% decrease since 2015.

In the past 10 years, NACCO Industries' cash and equivalents has ranged from $49.71 million in 2025 to $122.89 million in 2019, and is currently $49.71 million as of their latest financial filing in 2025.

Over the last 10 years, NACCO Industries' book value per share changed from 29.44 in 2015 to 57.54 in 2025, a change of 95.5%.


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Financial statements for NYSE:NC last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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