NACCO Industries, Inc. Class A Common Stock (NC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 22	—	$1.95	—	—	$61.8M	—
Q2 22	—	$5.07	—	—	$61.4M	—
Q1 22	—	$1.72	—	—	$55M	—
Q4 21	—	$1.07	—	—	$49.1M	—
Q3 21	—	$3.47	—	—	$51.7M	—
Q2 21	—	$0.91	—	—	$45.9M	—
Q1 21	—	$1.25	—	—	$45.1M	—
Q4 20	—	$0.87	—	—	$23.1M	—
Q3 20	—	$1.14	—	—	$32.3M	—
Q2 20	—	$0.86	—	—	$35.4M	—
Q1 20	—	$0.88	—	—	$37.6M	—
Q4 19	—	$0.91	—	—	$26.9M	—
Q3 19	—	$1.47	—	—	$32.6M	—
Q2 19	—	$1.14	—	—	$41.4M	—
Q1 19	—	$2.15	—	—	$40.1M	—
Q4 18	—	$1.57	—	—	$39.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.37	—	—	$277.2M	—
FY24	—	$4.58	—	—	$237.7M	—
FY23	—	-$5.29	—	—	$214.8M	—
FY22	—	$10.1	—	—	$241.7M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$111.1M	$104.8M	$135.4M	$141M	$128.4M	$191.8M	$241.7M	$214.8M	$237.7M	$277.2M
YoY change	-24.9%	-5.67%	+29.2%	+4.15%	-8.91%	+49.4%	+26%	-11.1%	+10.7%	+16.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	111.1M	104.8M	135.4M	141M	128.4M	191.8M	241.7M	214.8M	237.7M	277.2M
Cost of revenue	99M	87.9M	105.4M	109.9M	111.5M	148.4M	173.9M	200.2M	208M	238.7M
Gross profit	12.1M	16.9M	30M	31.1M	17M	43.5M	67.8M	14.6M	29.8M	38.5M
Gross margin	10.9%	16.1%	22.1%	22.1%	13.2%	22.6%	28.1%	6.79%	12.5%	13.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	48.9M	47.5M	49.2M	53.8M	53.1M	55.7M	63.9M	65.6M	69.8M	77.9M
Operating expenses	48.6M	49.1M	50.5M	55.3M	54.7M	57M	65.1M	69.2M	72.1M	78.3M
Operating income	-39.1M	-34.3M	-23.6M	-26.8M	-40.3M	-17.1M	-967K	-57.6M	-42.9M	-40.6M
Operating margin	-35.2%	-32.7%	-17.4%	-19%	-31.4%	-8.93%	-0.4%	-26.8%	-18.1%	-14.6%
Non-operating income, net	36.7M	66.8M	66.9M	67.5M	54.7M	75.2M	89.3M	-10.2M	77.7M	56.4M
Pretax income	-6.7M	29.1M	42.2M	43.4M	14.3M	56.9M	87.7M	-64.2M	33.6M	13.1M
Income tax	-9.6M	639K	7.4M	3.8M	-535K	8.7M	13.6M	-24.6M	-95K	-4.4M
Net income	29.6M	30.3M	34.8M	39.6M	14.8M	48.1M	74.2M	-39.6M	33.7M	17.6M
Net margin	26.7%	29%	25.7%	28.1%	11.5%	25.1%	30.7%	-18.4%	14.2%	6.34%
EBITDA	28.3M	41.2M	58.3M	58.8M	40.6M	67.8M	87.5M	31.8M	43.3M	48.8M
EPS	4.34	4.44	5.02	5.68	2.11	6.73	10.1	-5.29	4.58	2.37
Diluted EPS	4.32	4.41	5	5.66	2.1	6.69	10.1	-5.29	4.55	2.35

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	46.5M	56.8M	53.3M	52.3M	61.7M	70.4M	65.6M	68.2M	76.6M	66.8M	62.8M	72.3M
Cost of revenue	48.7M	49.8M	46.3M	45.3M	54.4M	61.9M	55.9M	61.4M	66.6M	54.8M	48.5M	57.1M
Gross profit	-2.2M	7M	7M	7M	7.2M	8.5M	9.7M	6.8M	10M	12M	14.3M	15.2M
Gross margin	-4.67%	12.3%	13.2%	13.4%	11.7%	12%	14.7%	9.99%	13%	18%	22.8%	21%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	16.1M	19.9M	15.5M	17.7M	16.5M	20.1M	17.9M	19.8M	19.5M	20.7M	19.7M	19.2M
Operating expenses	16.5M	22.2M	15.9M	18.2M	16.9M	21.1M	18.3M	20.3M	20M	19.7M	20.2M	19.7M
Operating income	-19.3M	-15.9M	-9M	-11.3M	-9.8M	-12.8M	-8.8M	-13.7M	-10.2M	-7.8M	-6M	-4.7M
Operating margin	-41.5%	-28.1%	-16.9%	-21.6%	-16%	-18.1%	-13.5%	-20.1%	-13.3%	-11.7%	-9.64%	-6.48%
Non-operating income, net	12.4M	-50.8M	14.6M	17.8M	29.3M	16.1M	14.9M	16.9M	16.6M	8.1M	16.9M	2.5M
Pretax income	-5.8M	-65.9M	5.6M	6.2M	19.1M	2.7M	5.1M	2M	6M	66K	9.8M	-3.2M
Income tax	-2M	-22M	1M	256K	3.5M	-4.9M	227K	-1.3M	-7.3M	3.9M	991K	-2.2M
Net income	-3.8M	-44M	4.6M	6M	15.6M	7.6M	4.9M	3.3M	13.3M	-3.8M	8.8M	-963K
Net margin	-8.23%	-77.5%	8.58%	11.4%	25.4%	10.7%	7.47%	4.78%	17.3%	-5.75%	14.1%	-1.33%
EBITDA	-3.9M	209K	5.8M	3.3M	6.3M	3.8M	7.9M	235K	6.9M	9.3M	11.2M	10M
EPS	-0.51	—	0.61	0.81	2.14	1.04	0.67	0.44	1.78	-0.52	1.18	-0.13
Diluted EPS	-0.51	—	0.61	0.81	2.14	1.02	0.67	0.44	1.78	-0.52	1.17	-0.13

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	141M	257.1M	234.7M	326.6M	184.8M	259.3M	277.9M	272.9M	219.6M	364M	284.9M
Enterprise value	167.8M	213.7M	160.5M	241.1M	154M	203.8M	194.3M	232.6M	255.3M	423.2M	365.8M
Shares outstanding	6.8M	6.8M	6.9M	7M	7M	7.1M	7.3M	7.5M	7.4M	7.4M	7.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	4.76	8.48	6.75	8.24	12.5	5.39	3.75	—	6.51	20.7	16.8
P/S	1.27	2.45	1.73	2.32	1.44	1.35	1.15	1.27	0.92	1.31	1.04
P/B	0.64	1.17	0.94	1.13	0.61	0.74	0.65	0.71	0.54	0.85	0.67
EV/EBITDA	5.93	5.19	2.75	4.1	3.79	3	2.22	7.3	5.9	8.67	-76.8
EV/Sales	1.51	2.04	1.19	1.71	1.2	1.06	0.8	1.08	1.07	1.53	1.31
Earnings yield	21%	11.8%	14.8%	12.1%	8.01%	18.6%	26.7%	—	15.4%	4.83%	5.95%
FCF yield	59.4%	9.96%	14.4%	8.61%	-17.7%	13.7%	9.07%	3.33%	-14.8%	0.63%	-19.7%
PEG	—	—	—	—	—	—	—	—	—	—	-0.13

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	10.9%	16.1%	22.1%	22.1%	13.2%	22.6%	28.1%	6.79%	12.5%	13.9%	21%
Operating margin	-35.2%	-32.7%	-17.4%	-19%	-31.4%	-8.93%	-0.4%	-26.8%	-18.1%	-14.6%	-6.48%
Net margin	26.7%	29%	25.7%	28.1%	11.5%	25.1%	30.7%	-18.4%	14.2%	6.34%	6.21%
ROE	13.4%	13.8%	13.9%	13.7%	4.92%	13.7%	17.4%	-10.4%	8.33%	4.09%	4.07%
ROA	4.43%	7.79%	9.23%	8.91%	3.11%	9.49%	13.1%	-7.33%	5.34%	2.66%	-2.75%
ROIC	-15.8%	-19.1%	-11%	-12%	-14.9%	-4.89%	-0.24%	-16.8%	-9.74%	-8.31%	-5.56%
Return on tangible assets	5.19%	10%	11.8%	10.7%	3.65%	10.8%	14.5%	-7.5%	5.44%	2.7%	2.59%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.72	3.28	3.89	3.24	3.6	4.41	5.88	3.31	4.08	3.09	3.3
Quick ratio	1.59	2.72	3.15	2.59	2.69	3.24	4.27	2.21	2.62	2.17	2.33
Debt / equity	0.44	0.26	0.04	0.13	0.19	0.09	0.06	0.12	0.27	0.25	0.29
Debt / assets	0.14	0.15	0.03	0.08	0.12	0.06	0.05	0.08	0.17	0.16	0.19
Net debt / EBITDA	0.94	-1.06	-1.27	-1.46	-0.76	-0.82	-0.96	-1.27	0.82	1.21	2.18
Interest coverage	-0.55	9.46	22.1	50.8	11.5	34.1	44.1	-25.1	7.04	3.28	3.39
Effective tax rate	0%	2.2%	17.5%	8.68%	0%	15.3%	15.5%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	16.3	15.3	19.6	20.2	18.3	26.8	33.1	28.7	32.3	37.3	37.2
EPS (basic)	4.34	4.44	5.02	5.68	2.11	6.73	10.1	-5.29	4.58	2.37	2.37
EPS (diluted)	4.32	4.41	5	5.66	2.1	6.69	10.1	-5.29	4.55	2.35	2.29
Book value per share	32.3	32.1	36.2	41.5	42.8	49.3	58.4	51.1	55	57.8	57.8
FCF per share	12.3	3.75	4.87	4.03	-4.65	4.99	3.45	1.21	-4.4	0.31	-0.56
Cash per share	10.2	14.9	12.3	17.6	12.6	12	15.1	11.4	9.89	6.7	6.03
Capex per share	1.49	2.3	3.02	3.54	4.3	5.49	—	—	—	6.55	10.4

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	9.15%	15%	15.5%	17.5%	23.5%	20.4%	—	—	—	17.5%	28.2%
Capex / operating cash flow	73.9%	29.5%	37.7%	46.5%	-240.6%	52.4%	—	—	—	95.5%	105.7%
Payout ratio	24.5%	22%	13.2%	12.9%	36.3%	11.7%	8.11%	-16.3%	19.6%	41.7%	44.5%
Dividend yield	5.15%	2.6%	1.95%	1.57%	2.91%	2.17%	2.16%	2.36%	3.02%	2.01%	2.78%

Yield

2.78%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.263

ex-dividend Aug 31, 2026

Payout ratio

45%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.263
Jun 1, 2026	$0.263
Mar 2, 2026	$0.253

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$46.5M	$56.8M	$53.3M	$52.3M	$61.7M	$70.4M	$65.6M	$68.2M	$76.6M	$66.8M	$62.8M	$72.3M
YoY change	-24.7%	-10.7%	+6.28%	-14.7%	+32.5%	+24.1%	+23%	+30.4%	+24.3%	-5.17%	-4.26%	+5.97%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	69.3M	101.6M	85.3M	122.9M	88.5M	86M	110.7M	85.1M	72.8M	49.7M
Receivables	20.8M	34.5M	28.8M	21.9M	23.7M	31.3M	44.6M	45.3M	55.5M	49.8M
Inventory	28.9M	30M	31.2M	40.5M	47.6M	54.1M	71.5M	77M	94.6M	63.6M
Total current assets	381.7M	177M	164.2M	200.7M	188.1M	203.1M	260.4M	232M	264.7M	214.9M
Property, plant & equipment	115.1M	273.7M	124.6M	149.5M	168.6M	182.6M	192.9M	164.4M	200M	223.3M
Goodwill & intangibles	97.6M	87.1M	81M	75.8M	70.7M	63.5M	56.1M	12M	10.9M	9.4M
Total assets	668M	389.6M	377M	444.8M	476.2M	507.2M	568.1M	539.7M	631.7M	661.2M
Accounts payable	10.6M	9.5M	9.4M	10M	5.6M	12.9M	13.3M	17.6M	19.5M	16.7M
Short-term debt	1.7M	16.1M	4.7M	7.8M	22.1M	2.5M	3.6M	14M	4.2M	9.1M
Total current liabilities	221.8M	54M	42.2M	62M	52.3M	46M	44.3M	70M	64.9M	69.6M
Long-term debt	94.3M	42M	6.4M	29.6M	35.5M	27.9M	23.5M	30.8M	104.4M	99.8M
Total liabilities	447.7M	170.1M	126.3M	155.4M	175.6M	155.1M	141.1M	157.4M	226.7M	232M
Shareholders' equity	220.3M	219.4M	250.7M	289.4M	300.6M	352.1M	427M	382.3M	404.9M	429.2M
Total debt	96M	58.1M	11M	37.4M	57.7M	30.4M	27.2M	44.7M	108.6M	108.8M
Net debt	26.7M	-43.5M	-74.2M	-85.5M	-30.8M	-55.6M	-83.6M	-40.4M	35.7M	59.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	128.2M	85.1M	61.8M	62.4M	63.1M	72.8M	61.9M	49.4M	52.7M	49.7M	53.2M	45.5M
Receivables	34.7M	45.3M	36.3M	43M	39.1M	55.5M	34M	38.9M	30.9M	49.8M	39.7M	44.9M
Inventory	69.2M	77M	75.8M	83.4M	94.4M	94.6M	63.1M	58.6M	59.9M	63.6M	58.8M	61.1M
Total current assets	258.1M	232M	212.8M	231M	259M	264.7M	227.5M	227.3M	207.7M	214.9M	203.2M	209.2M
Property, plant & equipment	244.3M	164.4M	246.8M	249.2M	252.5M	200M	273.2M	265.6M	282.6M	223.3M	318.9M	307.4M
Goodwill & intangibles	51.5M	12M	11.8M	5.8M	5.6M	10.9M	10.6M	10.1M	9.8M	9.4M	9.1M	8.8M
Total assets	580.9M	539.7M	538M	560.1M	597.4M	631.7M	634.2M	631.3M	637.6M	661.2M	685.7M	677.5M
Accounts payable	25.9M	17.6M	13.1M	15.6M	17.2M	19.5M	16.4M	14.9M	21.4M	16.7M	20.5M	22.4M
Short-term debt	3.6M	14M	21.5M	31.9M	4.2M	4.2M	4.6M	4.6M	4.6M	9.1M	9M	8.6M
Total current liabilities	60.9M	70M	63.9M	81.8M	68.9M	64.9M	66.6M	58.2M	67.9M	69.6M	61.5M	63.5M
Long-term debt	27.2M	30.8M	36.3M	37.1M	73.7M	104.4M	99.8M	99M	83.2M	99.8M	124.9M	118.5M
Total liabilities	152.5M	157.4M	156.4M	176M	200.1M	226.7M	225.1M	218.2M	211.2M	232M	248.5M	241.3M
Shareholders' equity	428.4M	382.3M	381.6M	384.1M	397.3M	404.9M	409.1M	413.1M	426.4M	429.2M	437.1M	436.1M
Total debt	30.7M	44.7M	57.8M	68.9M	77.9M	108.6M	104.4M	103.7M	87.8M	108.8M	133.9M	127.1M
Net debt	-97.4M	-40.4M	-4M	6.6M	14.8M	35.7M	42.5M	54.3M	35.2M	59.1M	80.7M	81.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3M	28.5M	34.8M	39.6M	14.8M	48.1M	74.2M	-39.6M	33.7M	17.6M
Depreciation & amortization	13.1M	12.8M	14.7M	16.2M	18.1M	23.1M	26.8M	29.4M	24.7M	25.3M
Stock-based compensation	—	4.5M	4M	4.9M	3.1M	5.6M	7.5M	5.2M	5.8M	8.3M
Change in working capital	-16.6M	-8.5M	419K	-9.4M	-52.6M	-256K	-17.9M	5.6M	-44.6M	-22.8M
Operating cash flow	13.8M	53.2M	55.5M	53M	-12.5M	74.9M	66.3M	-19.1M	17.8M	50.9M
Capital expenditure	-10.2M	-15.7M	-20.9M	-24.7M	-30.2M	-39.2M	—	—	—	-48.6M
Investing cash flow	-3.9M	-10.7M	-18.4M	-20.3M	-46M	-44.1M	9.4M	-36.2M	-16.6M	-64.2M
Dividends paid	-7.3M	-6.7M	-4.6M	-5.1M	-5.4M	-5.6M	-6M	-6.5M	-6.6M	-7.3M
Share repurchases	-6M	0	-1.3M	-3M	-1M	0	0	-3.1M	-9.9M	-2.5M
Financing cash flow	6.1M	-6.1M	-52.6M	5.1M	14M	-33.2M	-9.8M	1.5M	36.7M	-9.9M
Net change in cash	16M	36.4M	-15.5M	37.8M	-44.5M	-2.4M	65.8M	-53.9M	37.9M	-23.1M
Free cash flow	83.8M	25.6M	33.7M	28.1M	-32.7M	35.6M	25.2M	9.1M	-32.4M	2.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	-7.8M	42.3M	11.4M	12.4M	8.3M
Capital expenditure	25K	—	11K	80K	325K	—	72K	-3.1M	-22.4M	-14.3M	-33.4M	-8.5M
Investing cash flow	-1.1M	-36.2M	-152K	-722K	516K	-15.8M	279K	-2.6M	-22M	-12.9M	-32.5M	-7.7M
Dividends paid	-1.6M	-1.6M	-1.6M	-1.7M	-1.7M	-1.7M	-1.7M	-1.9M	-1.9M	-1.9M	-1.9M	-2M
Share repurchases	-824K	-2.3M	-4.3M	-3.3M	-2M	-368K	-695K	0	0	-1.8M	0	0
Financing cash flow	-3.7M	9.5M	1.1M	-12.4M	5.7M	-32.7M	-7.4M	-2.2M	-17.2M	14.8M	23.6M	-8.3M
Net change in cash	-4.8M	-26.7M	976K	-13.1M	6.2M	-48.5M	-7.2M	-12.5M	3M	13.3M	3.4M	-7.7M
Free cash flow	16M	-16M	-24.2M	-3.9M	-5.5M	1.2M	-3.8M	-10.9M	19.9M	-2.9M	-21.1M	-192K

Date	Ratio
Oct 2, 2017	4377:1000
Oct 1, 2012	1000:328
Jul 16, 1986	3:2
Jun 17, 1986	1:1
Jun 9, 1986	2:1
Jun 20, 1977	2:1

NACCO Industries, Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history