NC

MKT CAP:$377M

NACCO Industries, Inc.

Market Cap

$377M

Energy·Coal·🇺🇸 United States·NYSE

Energy·Coal·🇺🇸·NYSE

Stock Price

$47.40-$0.49 (-1.02%)

Apr 22, 2026

Company Details

NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates su...

CEO

John C. Butler Jr.

IPO Date

Jun 17, 1977

Website

nacco.com

Key Metrics TTM

Revenue

$282M

+25.9% YoY

Net Income

$20M

EPS (Diluted)

$2.72

Free Cash Flow

$2M

Revenue / Share

$37.70

Gross Margin

13.2%

Operating Margin

-5.2%

Net Margin

7.2%

FCF Margin

0.7%

P/S

1.3x

P/E

18.6x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 4, 2026

$277M+16.6%EPS $2.35

Q4 2025

Mar 4, 2026

$67M-5.2%EPS -$0.52

Q3 2025

Nov 5, 2025

$77M+24.3%EPS $1.78

Q2 2025

Aug 6, 2025

$68M+30.4%EPS $0.44

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$52M	$14M	$28M
Q4 21	$49M	$12M	$11M
Q1 22	$55M	$16M	$15M
Q2 22	$61M	$16M	$30M
Q3 22	$62M	$18M	$10M
Q4 22	$64M	$19M	$16M
Q2 23	$61M	$6M	$2M
Q3 23	$47M	-$2M	-$6M
Q4 23	$57M	$6M	-$14M
Q1 24	$53M	$7M	$5M
Q2 24	$52M	$7M	$7M
Q3 24	$62M	$7M	$20M
Q4 24	$70M	$8M	$4M
Q2 25	$68M	$7M	-$51.0K
Q3 25	$77M	$10M	-$10M
Q4 25	$67M	$12M	-$9M

Valuation

Quarter	P/S	P/E
Q3 21	2.3x	10.8x
Q4 21	2.0x	7.8x
Q1 22	1.9x	7.3x
Q2 22	1.7x	4.6x
Q3 22	1.7x	5.5x
Q4 22	1.6x	5.1x
Q2 23	1.5x	5.9x
Q3 23	1.6x	16.3x
Q4 23	1.7x	—
Q1 24	1.7x	—
Q2 24	1.8x	—
Q3 24	1.7x	—
Q4 24	1.6x	11.2x
Q2 25	1.5x	11.6x
Q3 25	1.4x	9.5x
Q4 25	1.3x	18.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$38M	$19M
Q4 21	$7M	-$2M
Q1 22	-$1M	-$6M
Q2 22	$42M	$21M
Q3 22	$14M	-$3M
Q4 22	$13M	$12M
Q2 23	$17M	$11M
Q3 23	$40M	$16M
Q4 23	-$9M	-$53M
Q1 24	-$10M	-$24M
Q2 24	$4M	-$4M
Q3 24	$3M	-$5M
Q4 24	$25M	$446.0K
Q2 25	-$8M	-$11M
Q3 25	$42M	$20M
Q4 25	$11M	-$8M

Capital Expenditures

Quarter	CapEx
Q3 21	$19M
Q4 21	$9M
Q1 22	$5M
Q2 22	$20M
Q3 22	$17M
Q4 22	$519.0K
Q2 23	$6M
Q3 23	$24M
Q4 23	$44M
Q1 24	$14M
Q2 24	$8M
Q3 24	$8M
Q4 24	$25M
Q2 25	$3M
Q3 25	$22M
Q4 25	$19M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+60.2%	+5.5%
Q4 21	+112.2%	+22.9%
Q1 22	+22.0%	+9.0%
Q2 22	+33.7%	-14.9%
Q3 22	+19.4%	+115.2%
Q4 22	+29.4%	+25.4%
Q2 23	+11.5%	+48.7%
Q3 23	-24.2%	+66.7%
Q4 23	-8.1%	+35.3%
Q1 24	-16.1%	+1.1%
Q2 24	-14.7%	-24.5%
Q3 24	+32.5%	-20.6%
Q4 24	+24.1%	-5.4%
Q2 25	+28.0%	+40.7%
Q3 25	+46.4%	+92.0%
Q4 25	+8.3%	+80.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$6M	11.3%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$8M	11.9%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$5M	9.1%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$6M	8.3%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q3 21	$14M
Q4 21	$15M
Q1 22	$15M
Q2 22	$16M
Q3 22	$18M
Q4 22	$15M
Q2 23	$15M
Q3 23	$16M
Q4 23	$20M
Q1 24	$15M
Q2 24	$18M
Q3 24	$16M
Q4 24	$20M
Q2 25	$20M
Q3 25	$20M
Q4 25	$21M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$82M	$0	$82M
Q2 22	$97M	$0	$97M
Q3 22	$93M	$0	$93M
Q4 22	$111M	$0	$111M
Q1 23	$110M	$0	$110M
Q2 23	$117M	$0	$117M
Q3 23	$128M	$0	$128M
Q4 23	$85M	$0	$85M
Q1 24	$62M	$0	$62M
Q2 24	$69M	$0	$69M
Q3 24	$63M	$0	$63M
Q4 24	$73M	$0	$73M
Q1 25	$62M	$0	$62M
Q2 25	$49M	$0	$49M
Q3 25	$53M	$0	$53M
Q4 25	$50M	$0	$50M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	7M	+0.2%	+1.8%
Q4 21	7M	+1.6%	+3.2%
Q1 22	7M	+0.6%	+2.5%
Q2 22	7M	+0.1%	+2.5%
Q3 22	7M	+0.1%	+2.4%
Q4 22	7M	+1.9%	+2.7%
Q2 23	8M	+0.5%	+2.6%
Q3 23	8M	+0.1%	+2.6%
Q4 23	7M	-0.5%	+2.0%
Q1 24	8M	+0.5%	+0.5%
Q2 24	7M	-1.6%	-1.6%
Q3 24	7M	-1.1%	-2.7%
Q4 24	7M	+1.5%	-0.8%
Q2 25	7M	+0.3%	-0.9%
Q3 25	7M	+0.1%	+0.8%
Q4 25	7M	+0.4%	+2.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$25.9K	2K
Q4 21	$30.7K	2K
Q1 22	$34.4K	2K
Q2 22	$38.4K	2K
Q3 22	$38.6K	2K
Q4 22	$39.7K	2K
Q2 23	$38.3K	2K
Q3 23	$29.1K	2K
Q4 23	$33.4K	2K
Q1 24	$31.3K	2K
Q2 24	$30.8K	2K
Q3 24	$36.3K	2K
Q4 24	$41.4K	2K
Q2 25	$40.1K	2K
Q3 25	$45.1K	2K
Q4 25	$39.3K	2K

Revenue / Employee