NYSE : NC
NACCO Industries, Inc. — Financial statements
Energy · Thermal Coal · United States
Last price 35.04 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 264.44M
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Financial statements
NACCO Industries, Inc. (NC) reported revenue of 278.48M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 278.48M | 277.20M | 237.71M | 214.79M | 241.72M | 191.85M |
| Cost of Revenue | 226.99M | 238.72M | 207.95M | 200.20M | 173.88M | 148.39M |
| Gross Profit | 51.49M | 38.47M | 29.76M | 14.59M | 67.84M | 43.45M |
| Selling, General & Admin | 79.16M | 77.85M | 69.75M | 65.62M | 63.91M | 55.72M |
| Amortization of Goodwill & Intangibles | 690.00K | 750.00K | 531.00K | 3.00M | 3.72M | 3.56M |
| Other Operating Expenses | 415.00K | 457.00K | 2.38M | 3.58M | 1.18M | 1.30M |
| Operating Expenses | 80.26M | 79.06M | 72.67M | 72.20M | 68.81M | 60.58M |
| Operating Income | -28.77M | -40.59M | -42.91M | -57.61M | -967.00K | -17.12M |
| Interest Expense | -5.31M | -5.75M | -5.57M | -2.46M | -2.03M | -1.72M |
| Interest & Investment Income | 2.65M | 3.05M | 4.43M | 6.08M | 1.45M | 449.00K |
| Earnings From Equity Investments | 63.43M | 61.82M | 57.48M | 49.99M | 57.25M | 60.84M |
| Other Non Operating Income (Expenses) | -642.00K | -738.00K | -345.00K | 3.98M | 2.90M | 584.00K |
| EBT Excluding Unusual Items | 31.35M | 17.80M | 13.08M | -8.00K | 58.60M | 43.03M |
| Gain (Loss) on Sale of Investments | 1.11M | -726.00K | 1.80M | 1.96M | -283.00K | 3.42M |
| Gain (Loss) on Sale of Assets | 6.00K | 286.00K | 5.15M | -221.00K | 2.46M | 60.00K |
| Asset Writedown | -11.98M | -65.89M | -3.94M | |||
| Other Unusual Items | -7.80M | -4.21M | 30.88M | 10.33M | ||
| Pretax Income | 12.68M | 13.14M | 33.65M | -64.16M | 87.72M | 56.85M |
| Income Tax Expense | -4.61M | -4.43M | -95.00K | -24.57M | 13.56M | 8.72M |
| Earnings From Continuing Operations | 17.29M | 17.57M | 33.74M | -39.59M | 74.16M | 48.12M |
| Net Income | 17.29M | 17.57M | 33.74M | -39.59M | 74.16M | 48.12M |
| Net Income to Common | 17.29M | 17.57M | 33.74M | -39.59M | 74.16M | 48.12M |
| Shares Outstanding (Basic) | 7.48M | 7.42M | 7.36M | 7.48M | 7.31M | 7.15M |
| Shares Outstanding (Diluted) | 7.53M | 7.48M | 7.41M | 7.48M | 7.37M | 7.19M |
| EPS (Basic) | 2.31 | 2.37 | 4.58 | -5.29 | 10.14 | 6.73 |
| EPS (Diluted) | 2.29 | 2.35 | 4.55 | -5.29 | 10.06 | 6.69 |
| Free Cash Flow | -8.92M | -2.38M | -33.13M | -27.63M | 13.29M | 30.31M |
| Free Cash Flow Per Share | -1.19 | -0.32 | -4.47 | -3.69 | 1.80 | 4.22 |
| Dividend Per Share | 1.02 | 0.98 | 0.90 | 0.86 | 0.82 | 0.79 |
| Gross Margin | 18.49% | 13.88% | 12.52% | 6.79% | 28.07% | 22.65% |
| Operating Margin | -10.33% | -14.64% | -18.05% | -26.82% | -0.40% | -8.92% |
| Profit Margin | 6.21% | 6.34% | 14.19% | -18.43% | 30.68% | 25.09% |
| Free Cash Flow Margin | -3.20% | -0.86% | -13.94% | -12.86% | 5.50% | 15.80% |
| EBITDA | -4.76M | -15.31M | -18.26M | -28.22M | 25.85M | 5.96M |
| EBITDA Margin | -1.71% | -5.52% | -7.68% | -13.14% | 10.69% | 3.11% |
| D&A For EBITDA | 24.01M | 25.28M | 24.65M | 29.39M | 26.82M | 23.09M |
| EBIT | -28.77M | -40.59M | -42.91M | -57.61M | -967.00K | -17.12M |
| EBIT Margin | -10.33% | -14.64% | -18.05% | -26.82% | -0.40% | -8.92% |
| Effective Tax Rate | 15.46% | 15.35% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.52M | 49.71M | 72.83M | 85.11M | 110.75M | 86.00M |
| Cash & Short-Term Investments | 45.52M | 49.71M | 72.83M | 85.11M | 110.75M | 86.00M |
| Accounts Receivable | 44.91M | 49.83M | 55.50M | 45.29M | 44.58M | 31.27M |
| Other Receivables | 9.07M | 15.69M | 15.05M | |||
| Receivables | 53.98M | 49.83M | 55.50M | 45.29M | 60.27M | 46.33M |
| Inventory | 61.08M | 63.65M | 94.61M | 77.00M | 71.49M | 54.09M |
| Prepaid Expenses | 8.55M | 17.07M | 1.74M | 2.00M | 2.02M | |
| Other Current Assets | 40.12M | 34.63M | 40.06M | 24.60M | 15.91M | 14.62M |
| Total Current Assets | 209.25M | 214.89M | 264.74M | 232.00M | 260.41M | 203.05M |
| Property, Plant & Equipment | 307.42M | 297.14M | 269.12M | 232.57M | 224.37M | 202.08M |
| Long-Term Investments | 63.17M | 66.17M | 51.95M | 32.38M | 14.93M | 19.09M |
| Other Intangible Assets | 4.38M | 4.72M | 5.47M | 6.01M | 28.05M | 31.77M |
| Long-Term Deferred Tax Assets | 16.33M | 14.00M | 14.64M | 15.08M | ||
| Other Long-Term Assets | 76.94M | 64.30M | 25.77M | 21.68M | 40.31M | 51.23M |
| Total Assets | 677.49M | 661.23M | 631.69M | 539.71M | 568.07M | 507.22M |
| Accounts Payable | 22.36M | 16.74M | 19.55M | 17.61M | 13.31M | 12.95M |
| Accrued Expenses | 14.01M | 19.86M | 22.66M | 17.32M | 18.11M | 16.34M |
| Short-Term Debt | 10.00M | |||||
| Current Portion of Long-Term Debt | 8.60M | 9.05M | 4.15M | 3.92M | 2.87M | 2.38M |
| Current Portion of Leases | 2.50M | 2.00M | 1.51M | 1.81M | 1.61M | |
| Current Unearned Revenue | 833.00K | 4.08M | ||||
| Other Current Liabilities | 18.53M | 21.46M | 16.53M | 19.62M | 7.33M | 8.66M |
| Total Current Liabilities | 63.49M | 69.61M | 64.89M | 69.99M | 44.27M | 46.02M |
| Long-Term Debt | 111.52M | 91.79M | 95.28M | 21.92M | 16.00M | 17.99M |
| Long-Term Leases | 6.96M | 7.98M | 9.10M | 8.87M | 7.55M | 9.92M |
| Pension & Post-Retirement Benefits | 4.35M | 4.56M | 4.79M | 5.18M | 5.08M | 6.61M |
| Long-Term Deferred Tax Liabilities | 6.12M | 14.79M | ||||
| Other Long-Term Liabilities | 42.35M | 58.05M | 52.69M | 51.41M | 62.09M | 59.77M |
| Total Liabilities | 241.35M | 231.99M | 226.74M | 157.37M | 141.11M | 155.10M |
| Common Stock | 7.55M | 7.43M | 7.30M | 7.45M | 7.35M | 7.18M |
| Additional Paid-In Capital | 45.12M | 42.43M | 34.34M | 28.67M | 23.71M | 16.33M |
| Retained Earnings | 385.12M | 381.13M | 373.36M | 355.87M | 404.92M | 336.78M |
| Comprehensive Income & Other | -1.65M | -1.74M | -10.05M | -9.65M | -9.01M | -8.18M |
| Shareholders' Equity | 436.14M | 429.24M | 404.95M | 382.34M | 426.97M | 352.12M |
| Total Liabilities & Equity | 677.49M | 661.23M | 631.69M | 539.71M | 568.07M | 507.22M |
| Total Debt | 127.08M | 111.31M | 110.53M | 46.22M | 28.23M | 31.91M |
| Net Cash (Debt) | -81.56M | -61.61M | -37.70M | 38.89M | 82.51M | 54.10M |
| Net Cash Per Share | -10.83 | -8.24 | -5.09 | 5.20 | 11.19 | 7.52 |
| Filing Date Shares Outstanding | 7.55M | 7.53M | 7.43M | 7.50M | 7.50M | 7.18M |
| Total Common Shares Outstanding | 7.55M | 7.43M | 7.30M | 7.45M | 7.35M | 7.18M |
| Working Capital | 145.75M | 145.28M | 199.85M | 162.01M | 216.14M | 157.04M |
| Book Value Per Share | 57.79 | 57.79 | 55.50 | 51.33 | 58.10 | 49.02 |
| Tangible Book Value | 431.76M | 424.52M | 399.47M | 376.33M | 398.91M | 320.34M |
| Tangible Book Value Per Share | 57.21 | 57.16 | 54.75 | 50.52 | 54.28 | 44.60 |
| Land | 72.49M | 70.77M | 58.35M | 60.28M | 52.01M | |
| Machinery | 354.45M | 317.93M | 325.65M | 290.51M | 264.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 17.29M | 17.57M | 33.74M | -39.59M | 74.16M | 48.12M |
| Depreciation & Amortization | 24.01M | 25.28M | 24.65M | 29.39M | 26.82M | 23.09M |
| Other Amortization | 764.00K | 764.00K | 619.00K | 505.00K | 446.00K | 326.00K |
| Loss (Gain) From Sale of Assets | -286.00K | -286.00K | -5.15M | 221.00K | -2.46M | -60.00K |
| Asset Writedown & Restructuring Costs | 65.89M | 3.94M | ||||
| Stock-Based Compensation | 8.28M | 8.28M | 5.83M | 5.16M | 7.54M | 5.56M |
| Other Operating Activities | 47.07M | 22.09M | 7.19M | -12.63M | -24.81M | -1.91M |
| Change in Accounts Receivable | 2.92M | 2.92M | -11.72M | 2.52M | -13.22M | -13.69M |
| Change in Inventory | -11.44M | -11.44M | -27.25M | -12.97M | -6.83M | -6.53M |
| Change in Accounts Payable | 2.67M | 2.67M | 1.96M | 3.15M | 252.00K | 7.45M |
| Change in Income Taxes | -2.94M | -2.94M | -148.00K | 15.00M | -416.00K | 2.70M |
| Change in Other Net Operating Assets | -14.00M | -14.00M | -7.43M | -2.14M | 2.33M | 9.82M |
| Operating Cash Flow | 74.33M | 50.91M | 22.29M | 54.49M | 67.73M | 74.88M |
| Capital Expenditures | -83.26M | -53.29M | -55.42M | -82.12M | -54.45M | -44.56M |
| Sale of Property, Plant & Equipment | 2.70M | 2.80M | 822.00K | 561.00K | 2.84M | 633.00K |
| Investment in Securities | -11.69M | -13.41M | -16.56M | 110.00K | 18.63M | |
| Other Investing Activities | -1.09M | -282.00K | -139.00K | -146.00K | -170.00K | -219.00K |
| Investing Cash Flow | -93.34M | -64.18M | -71.29M | -81.60M | -33.15M | -44.15M |
| Long-Term Debt Issued | 5.00M | 60.62M | 15.23M | 3.09M | 3.63M | |
| Total Debt Issued | 24.63M | 5.00M | 60.62M | 15.23M | 3.09M | 3.63M |
| Short-Term Debt Repaid | -4.00M | -26.00M | ||||
| Long-Term Debt Repaid | -4.99M | -4.91M | -4.21M | -2.92M | -3.44M | |
| Total Debt Repaid | -21.00K | -4.99M | -4.91M | -4.21M | -6.92M | -29.43M |
| Net Debt Issued (Repaid) | 24.61M | 11.00K | 55.71M | 11.02M | -3.83M | -25.80M |
| Repurchase of Common Stock | -1.84M | -2.53M | -9.94M | -3.10M | ||
| Common Dividends Paid | -7.65M | -7.33M | -6.62M | -6.45M | -6.01M | -5.62M |
| Other Financing Activities | -2.42M | -1.75M | ||||
| Financing Cash Flow | 15.13M | -9.86M | 36.73M | 1.47M | -9.84M | -33.17M |
| Net Cash Flow | -3.88M | -23.12M | -12.28M | -25.64M | 24.74M | -2.44M |
| Free Cash Flow | -8.92M | -2.38M | -33.13M | -27.63M | 13.29M | 30.31M |
| Free Cash Flow Margin | -3.20% | -0.86% | -13.94% | -12.86% | 5.50% | 15.80% |
| Free Cash Flow Per Share | -1.19 | -0.32 | -4.47 | -3.69 | 1.80 | 4.22 |
| Levered Free Cash Flow | -55.99M | -21.88M | -95.44M | -66.88M | -56.57M | -31.38M |
| Unlevered Free Cash Flow | -53.43M | -19.04M | -92.58M | -65.85M | -55.75M | -30.63M |
| Cash Interest Paid | 7.00M | 7.00M | 5.30M | 2.40M | 2.00M | 1.60M |
| Cash Income Tax Paid | 615.00K | 615.00K | 4.20M | -13.50M | 23.30M | 8.90M |
| Change in Working Capital | -22.79M | -22.79M | -44.60M | 5.55M | -17.89M | -256.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 269.34M | 365.84M | 217.60M | 273.95M | 279.01M | 260.34M |
| Enterprise Value | 350.90M | 401.03M | 232.42M | 176.52M | 213.47M | 199.94M |
| Last Close Price | 35.04 | 48.27 | 28.61 | 34.02 | 34.54 | 32.37 |
| PE Ratio | 15.59 | 20.82 | 6.45 | 3.76 | 5.41 | |
| Forward PE | 25.19 | 25.19 | 25.19 | 25.19 | 25.19 | |
| PS Ratio | 0.97 | 1.32 | 0.92 | 1.27 | 1.15 | 1.36 |
| PB Ratio | 0.61 | 0.85 | 0.54 | 0.72 | 0.65 | 0.74 |
| P/TBV Ratio | 0.62 | 0.86 | 0.55 | 0.73 | 0.70 | 0.81 |
| P/FCF Ratio | 21.00 | 8.59 | ||||
| P/OCF Ratio | 3.62 | 7.19 | 9.76 | 5.03 | 4.12 | 3.48 |
| EV/Sales Ratio | 1.26 | 1.45 | 0.98 | 0.82 | 0.88 | 1.04 |
| EV/EBITDA Ratio | 8.26 | 33.54 | ||||
| EV/FCF Ratio | 16.07 | 6.60 | ||||
| Debt / Equity Ratio | 0.29 | 0.26 | 0.27 | 0.12 | 0.07 | 0.09 |
| Debt / EBITDA Ratio | 36.47 | 0.89 | 3.25 | |||
| Debt / FCF Ratio | 2.12 | 1.05 | ||||
| Net Debt / Equity Ratio | 0.19 | 0.14 | 0.09 | -0.10 | -0.19 | -0.15 |
| Net Debt / EBITDA Ratio | -17.13 | -4.02 | -2.06 | 1.38 | -3.19 | -9.07 |
| Net Debt / FCF Ratio | -9.14 | -25.92 | -1.14 | 1.41 | -6.21 | -1.78 |
| Asset Turnover | 0.43 | 0.43 | 0.41 | 0.39 | 0.45 | 0.39 |
| Inventory Turnover | 3.79 | 3.02 | 2.42 | 2.70 | 2.77 | 2.92 |
| Quick Ratio | 1.57 | 1.43 | 1.98 | 1.86 | 3.86 | 2.88 |
| Current Ratio | 3.30 | 3.09 | 4.08 | 3.31 | 5.88 | 4.41 |
| Return on Equity (ROE) | 4.07% | 4.21% | 8.57% | -9.78% | 19.04% | 14.75% |
| Return on Assets (ROA) | -2.75% | -3.92% | -4.58% | -6.50% | -0.11% | -2.18% |
| Return on Invested Capital (ROIC) | -5.56% | -8.70% | -10.92% | -16.75% | -0.25% | -5.09% |
| Return on Capital Employed (ROCE) | -4.70% | -6.90% | -7.60% | -12.30% | -0.20% | -3.70% |
| Earnings Yield | 6.41% | 4.80% | 15.51% | -14.45% | 26.58% | 18.49% |
| FCF Yield | -3.31% | -0.65% | -15.22% | -10.09% | 4.76% | 11.64% |
| Dividend Yield | 2.94% | 2.00% | 3.02% | 2.34% | 2.16% | 2.17% |
| Payout Ratio | 45.87% | 41.74% | 19.63% | 8.11% | 11.67% | |
| Buyback Yield / Dilution | -1.57% | -0.95% | 0.90% | -1.42% | -2.54% | -1.88% |
| Total Shareholder Return | 1.37% | 1.05% | 3.91% | 0.91% | -0.39% | 0.28% |